LONDON--(BUSINESS WIRE)--Sep 4, 2018--The global industrial x-ray film market 2018-2022 is expected to post a CAGR of more than 5% during the forecast period, according to the latest market research report by . However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180904005783/en/

Technavio has published a new market research report on the global industrial x-ray film market from 2018-2022. (Graphic: Business Wire)

A key factor driving the growth of the market is the low PET film prices. As PET is the major raw material used in the manufacture of X-ray films, its prices have a direct impact on the profitability of industrial X-ray film vendors. At present, the supply is surplus in the global PET market, owing to an increase in the production capacity of manufacturers. This, in turn, resulted in the decline of PET prices.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the replacement of manual film processing by automatic film processing as one of the key emerging trends in the global industrial x-ray film market:

Global industrial x-ray film market: Replacement of manual film processing by automatic film processing

Industrial x-ray film development is a complex process, which requires considerable time. In most of the cases, X-ray film development is carried out by manual methods, which is time-consuming. This, in turn, has led to the replacement of manual X-ray film processing by automatic processing. The automatic processors for X-ray film processing are mainly used in applications, wherein large volume of films is required to be developed daily.

“An automatic film processing offers various advantages compared to manual processing. It reduces variation in radiograph quality, takes less space leading to easy installation and helps achieve dry-to-dry processing within 5 minutes. Vendors in the market are offering new features with automatic X-ray film processors which consume less water, low power, are equipped with infrared drying, and have adjustable film receiving trays,” says a senior analyst at Technavio.

Global industrial x-ray film market: Segmentation analysis

This market research report segments the global industrial x-ray film market by end-user (oil and gas, automotive, aerospace and defense, and others) and geographical regions (APAC, EMEA, and the Americas).

The APAC region led the market in 2017 with a market share of more than 65%, followed by the Americas and EMEA respectively. The region is expected to continue to dominate the market during the forecast period.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

If you are interested in more information, please contact our media team at .

View source version on businesswire.com:https://www.businesswire.com/news/home/20180904005783/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY HARDWARE PHOTOGRAPHY HEALTH RADIOLOGY

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 09/04/2018 02:52 PM/DISC: 09/04/2018 02:52 PM

http://www.businesswire.com/news/home/20180904005783/en