The global heat transfer films market is expected to grow at a CAGR of 5.6% over the forecast period 2020 to 2027 and to reach around US$ 3,609.6 Mn by 2027.
The heat transfer film is a dry printing process where the ink pigment & metalized layer is transferred from film to the product with the heat transfer machine that used to apply heat & pressure to transfer. These are mostly used in the textile industry to imprint designs or logos on various fabrics such as cotton, polyester, and cotton-poly blend.
The increasing demand for heat transfer films in various industrial applications is primarily driving the market growth. The increasing demand for finished products with several resistance properties including color, scrub, scratch, high temperature, and solvent resistance along with the less cost is supporting the heat transfer film market. Along with these, efficiency and effectiveness associated with the heat transfer films are further supporting the market value. Additionally, the rapidly growing packaging industry along with the increasing efforts to reduce the content of non-biodegradable materials in packaging is projected to create the demand over the forecast period. Moreover, food and beverages and the personal care industry are expected to create potential opportunities for heat transfer films during the forecast period from 2020 to 2027.
On the other hand, fluctuating coat of raw material and restrictions on plastic material in some developed and developing economies is projected to limit the growth to an extent over the estimated period.
Textile industry is dominating the global heat transfer film market with major share
On the basis of end-use, the textile segment dominated the global market with a major share in 2019. The historic presence of heat transfer film technology in the sector is primarily supporting its growth. The increasing application in the textile industry coupled with the changing lifestyle of people across the globe is further supporting the market value. Companies like Hyatt are offering heat transfer film that can be printed with a solvent or eco-solvent inkjet printer and the graphics can be cut and transferred to a variety of fabrics.
The market research study on “Heat Transfer Films Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020 – 2027”, offers a detailed insight into the global Heat Transfer Films market entailing insights on its different market segments. Market dynamics with drivers, restraints and opportunities with their impact are provided in the report. The report provides insights into the global Heat Transfer Films market, its material, product type, end use, and major geographic regions. The report covers basic development policies and layouts of technology development processes. Secondly, the report covers global Heat Transfer Films market size and volume, and segment markets by product type, application, and geography along with the information on companies operating in the market. The Heat Transfer Films market analysis is provided for major regional markets including North America, Europe, Asia Pacific, Latin America and Middle East and Africa. For each region, the market size and volume for different segments have been covered under the scope of the report.
Asia Pacific is projected to account fastest growth over the estimated period from 2020 to 2027
The Asia Pacific region is accounted for the major share in 2019 and the region is also projected to maintain its dominance over the estimated period from 2020 to 2027. The huge population coupled with the increasing purchasing power of people in major economies of the region including China, Japan and India are particularly supporting the regional market value. The major manufacturers are investing in the regional market due to growing economic condition owing to the emerging industrial sectors is further supporting the regional market value.
The players profiled in the report include Advanced Display Materials, ITL Group (Apparel Label International), Armor Group, Avery Dennison Corp, Chemica US Corp, Dae Ha Co. Ltd., Dynatex Textiles Ltd., FOREVER GmbH, Hanse Corporation, Hexis Corporation, Innovia Films Limited, MINSEO Co. Ltd., Poli-Tape Group, RTape Corp. (Nekoosa Coated Products Company), SEF Americas, Shinhan Co., Ltd., Siser Srl, Stahls' Inc., Sunmicrotek Group, and Unimark Heat Transfer Co.
Market By Material
Market By Product Type
Market By End-Use
Market By Geography
Middle East & Africa
According to Acumen Research and Consulting, the market for heat transfer films is expected to reach the market value of around US$ 3,609.6 Mn by 2027.
The heat transfer films market is expected to grow at a CAGR of around 5.6% from 2020 to 2027.
Textile segment is leading the global heat transfer films market with major share in terms of value.
The increasing demand of heat transfer films in various industry applications, increasing demand of finished products with several resistance properties, and efficiency and effectiveness associated with the heat transfer films are some of the factors driving the market growth.
Advanced Display Materials, ITL Group (Apparel Label International), Armor Group, Avery Dennison Corp, Chemica US Corp, Dae Ha Co. Ltd., Dynatex Textiles Ltd., FOREVER GmbH, Hanse Corporation, Hexis Corporation, Innovia Films Limited, MINSEO Co. Ltd., Poli-Tape Group, RTape Corp. (Nekoosa Coated Products Company), SEF Americas, Shinhan Co., Ltd., Siser Srl, Stahls' Inc., Sunmicrotek Group, and Unimark Heat Transfer Co. are some of the prominent players in the market.
Asia Pacific region is projected to hold the highest market share in the heat transfer films market.
Asia Pacific is expected to be the fastest growing market over the forecast period from 2020 to 2027.