Lithographic Printing Chemicals Market to reach US$ 17.5bn by 2025 Lithographic Printing Chemicals Market | Page 2

Increasing usage of digital print technology will hamper the offset print chemicals industry development in the forecast years. In 2017, digital printing accounted for more than 15% of the global print market value and around 3% of the volume. Ease of customization, better quality print, and flexibility regarding substrate material are the key factors driving the digital printing industry growth. This trend is likely to hamper the offset print chemicals market as digital technology will gradually substitute offset technology in the future. Fountain solutions, inks, and cleaning solutions are the major product types in the lithographic printing chemicals market. Fountain solutions are a water-based mixture specially formulated to dampen offset printing plates before they are contacted by the inking rollers. A typical fountain solution will contain a natural or synthetic gum, an alcohol substitute, and other essential ingredients. Fountain solution segment is likely to generate revenues exceeding USD 3.5 billion by 2025. Packaging, publication, and promotion are the key application segments in the lithographic printing chemicals market. Packaging is a key application segment which is likely to grow by around 4% CAGR from 2018 to 2025. Increasing demand for labels, cartons, cardboard, and paperboard packaging materials will supplement the packaging application segment’s industry growth. U.S. Lithographic Printing Chemicals Market Size, By Application, 2014 – 2025 (USD Million) 2 | Page