Photographic Chemicals Market: Growing demand for electronics products: Market driven by increasing disposable income and lifestyle of a region: Industry survey and Analysis

Photographic Chemicals Market: Growing demand for electronics products: Market driven by increasing disposable income and lifestyle of a region: Industry survey and Analysis – 2024

Paper or films used for developing photographs have to be treated with several chemicals known as photographic chemicals. There are several photographic chemicals such as acetic acid, cadmium bromide, silver bromide, sodium sulfide, selenium dioxide and others. Photographic chemicals are primarily employed in two major markets: business and consumer. The consumer market is driven by increasing disposable income and lifestyle of a region leading to increase in demand for photographs.

Business segment is primarily driven by increasing investments in advertisement and other promotional activities. Growing demand for several electronics products such as digital camera and smart phones has been a major restraint for the market. Availability of cheap e-storage options on various websites and cloud computing have resulted in decline in the need for developing photographs and thus, has restrained market growth.

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Research & development activities to increase the application scope of these chemicals are expected to offer huge growth opportunity for market growth. North America dominated the global demand for photographic chemicals in terms of consumption. Asia Pacific is the leading producer for photographic chemicals and is expected to be the fastest growing segment during the forecast period primarily owing to the emerging economies of India and China.

Increasing industrial investments is expected to drive market growth in the region. Various developing and under developed countries such as Pakistan, Bangladesh and several other countries across Asia are void of internet access and e-media tools. Hence print media is amongst the major tool for advertisement in such geographic segments.

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Some of the major players in the photographic chemicals market include BASF, Huntsman Corporation, Linchen Group, NET Corporation and Sinex Systems Private Ltd. among others. Certain major companies in the photographic segment such as Fujifilm Corporation have their presence in photographic chemicals segment also.

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