Global Industrial X-ray Film Market 2018-2022

The global industrial x-ray film market is predicted be worth about USD 57 billion by 2022. Wondering how to make the most of the industrial x-ray film industry? Technavio’s extensive industry research report offers a detailed insight that will allow you to take full advantage of the opportunities available to you. PET materials are a major raw material for the industrial x-ray film market and surplus in it’s supply is driving the growth of the market. It also examines the competitive landscape and key industrial x-ray film manufacturers that include China Aerospace Science and Technology, FOMA BOHEMIA, and FUJIFILM Holdings.

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The global industrial x-ray film market is driven by low PET film prices

Industrial x-ray film industry growth is driven by decreased prices of PET, which serves as one of the most important raw materials to produce industrial x-ray films. The leading end-users for the industrial x-ray market are oil and gas sector, automotive, aerospace and defense, and other industries. The oil and gas industry is the leading segment by end-user and is forecasted to retain its dominant position at the end of the forecast period. APAC region will drive the largest incremental growth for the market, while the Americas and EMEA will witness a decline in their market shares over the next five years.

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Adoption of automatic film processing is gaining traction in the market

The manual x-ray film processing is getting replaced by automatic film processing as there are many advantages associated with it. Automatic film processing allows a faster dry-to-dry processing compared to manual film processing, and also reduces variation in radiograph quality. Furthermore, automatic film processing takes up lesser space and can be installed very easily compared to manual film processing. The leading industrial x-ray film manufacturers are offering new features with automatic x-ray film processors such less consumption of water, infrared drying options, and the adjustable film receiving trays.

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China Aerospace Science and Technology, FOMA BOHEMIA, and FUJIFILM Holdings are among the leading industrial x-ray film manufacturers

Most of the leading industrial x-ray film manufacturers are focused on balancing the supply and demand owing to the surplus in the supply of PET film materials. The declining price of PET films is also likely to benefit the industrial x-ray film manufacturers by increasing their profit margins. In the recent past, most of the x-ray film manufacturers increased their production capacity, which has led them to become better equipped to fulfill the demand for industrial x-ray films. Many international and regional vendors are vying for their share of the market, and players must differentiate themselves to gain vital traction over their peers.

This report offers a complete analysis of several companies, including:

• China Aerospace Science and Technology
• FOMA BOHEMIA
• FUJIFILM Holdings
• GENERAL ELECTRIC
• Konica Minolta

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