Lithographic Printing Chemicals Market Size

Lithographic Printing Chemicals Market Size

Lithographic Printing Chemicals Market size was estimated over USD 12.5 billion in 2017 and the industry will grow by a CAGR of more than 4% up to 2025. 

The global lithographic printing chemicals market will be augmented by increasing demand for print media in Asia Pacific countries. Lithographic printing chemicals, also known as offset print chemicals, include inks, cleaners, and other such chemicals needed in the offset print process. Offset technology is extensively used for high volume printing applications such as newspapers, magazines, newsletters, etc. owing to its low-cost nature and ease of printing. The developments in the global print media industry will influence the product market growth during the forecast timeframe.

Print media sector in developed regions have been witnessing a downturn in recent years owing to increasing competition from digital media. Countries such as the U.S., Germany, Canada, France, etc. have witnessed a steady decrease in the number of dailies being circulated in their respective countries in the last decade. However, the trend in the countries of Asia Pacific such as China, India, Indonesia, and Malaysia is almost the opposite to that of developed countries. India, the largest market for free and paid-for dailies in the world, has observed more than 70% increase in demand for these dailies from 2012 to 2016. China also witnessed an increase of around 25% in the number paid-for and free dailies during the same time period. Southeast Asia countries such as Indonesia, Thailand, and Malaysia also followed a similar trend over over the last decade. This increase in demand for dailies in Asia Pacific countries will drive the offset print chemicals market growth during the forecast timeframe.