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Thermal Paper Market Size, Demand, Global Analysis, Outlook and Forecast by 2027, Fortune Business Insights
Thermal paper is a specialty paper that is usually coated with a material that helps the paper transform its color when subjected to heat. The increasing applications of thermal paper are attributable to the favourable properties of the product. It is widely used in applications that require quick and short print slips including ATMs and other places that print out receipts. The growing product applications, coupled with the massive investment in the development of efficient products, will ultimately emerge in favor of the growth of the market in the coming years. The product is inclusive of easily derivable compounds as well as material available in abundance. The increasing investment in the research and development of efficient thermal paper will contribute to the growth of the overall market in the coming years. The presence of several large scale companies will emerge in favor of market growth.
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Report Aim & Scope:
An overview of the market based on geographical scope, segmentation and financial performance of key players is presented in the report.
The report presents the estimated market size by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
The report presents current trends in the industry and future scope of the market in North America, Asia Pacific, Europe, Latin America and Europe.
The various parameters accelerating the growth of the market are incorporated in the research report.
The report analyzes growth rate, market size and valuation of the market during the forecast period.
Company Mergers Are Proving Beneficial for Existing Businesses
The report encompasses several factors that have contributed to the growth of the overall market in recent years. Due to healthy market competition, several companies are looking to adopt strategies that will help them establish a strong position in the global market. It is observed that company mergers and collaborations are a growing trend among major businesses across the world. In February 2020, Koehler Paper Group announced that it has completed the acquisition of Beaver Paper and graphic Media Inc. The company is manufacturer of sublimation media; a product that is used widely in the digital printing industry. Through this acquisition, the company will look to combine the portfolio of both the companies and improve the overall sales and distribution of sublimation media across the world. Koehler's acquisition of Beaver will help the company establish a formidable position in the global market. Additionally, this acquisition will have a huge impact on the growth of the overall market in the coming years.
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Market in Europe Held the Highest Share; Increasing Number of POS Terminals Will Emerge in Favor of Market Growth
The report analyzes the ongoing market trends across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Among these regions, the market in Europe currently holds the largest market share. The increasing number of POS terminals will emerge in favor of market growth. The increasing number of ATM transactions will also lead to a wider product adoption in numerous countries across this region. As of 2019, the market in Europe was worth USD 1.57 billion and this value is projected to increase further in the coming years.
Key Players Assessment in this Research:
The report offers detailed analysis of leading companies in the market across the globe.
It provides details of the major vendors involved in this market
A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and the manufactured products is incorporated in the report.
The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.
List of companies profiled in the report:
Lecta (Spain)
Hansol Paper (Korea)
Appvion Operations, Inc. (USA)
Domtar Corporation (USA)
Ricoh Industrie France SAS (France)
Mitsubishi Hi-Tech Paper (Germany)
Koehler Paper Group (Germany)
Kanzaki Specialty Papers, Inc. (USA)
Jujo Thermal Ltd. (Finland)
Oji Paper Co., Ltd. (Japan)
Kanzan Spezialpapiere GmbH (Germany)
Iconex LLC (UK)
Telemark Diversified Graphics (USA)
Panda Paper Roll (China)
Nakagawa Manufacturing (USA), Inc. (USA)
Suzhou Xiandai Paper Production Co., Ltd. (China)
PG Paper Company Ltd. (UK).
Thermal Paper China (China)
Chenming Group (China)
Guangdong Guanhao High-Tech Co., Ltd. (China)
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