Press release
Increasing demand of Heat Transfer Films Market Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
Innovation and technology are the driving forces that have transformed the current lifestyle. New products are being developed to help ease the life further. Heat transfer films are helping the consumers survive adverse climatic conditions. Over the years, the use of technology has transformed the heat transfer films, which are now available in different types, with varied features, to address the requirements. Some of the features of health transfer films such as efficiency and effectiveness are driving the global heat transfer films market.
Heat transfer films find application in textile and industrial goods. Increasing demand of the finished products and features such as color resistance, scrub resistance, scratch resistance, high temperature resistance, solvent resistance and low-cost are driving the application of heat transfer films.
The global metal industry market is expected to expand at a CAGR of around 4% during FY16-FY24. The construction market, which has emerged as the largest application segment, is expected to grow at 6.3% CAGR during this phase, while textile industry is estimated to grow at over 4%% CAGR. With these growth rates and increasing demands, heat transfer films market is expected to grow at over 5% CAGR as per the projected report. The Furniture market, which is estimated to witness fastest growth at 7.1% CAGR, is anticipated to be the largest user of heat transfer films.
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Geographically, Asia-Pacific metal market recorded a maximum percentage of demand for heat transfer films market. Heat transfer films market is expected to be driven by the development in the economy and growth of end-user industries such as textile and construction. High demand for metal and increase in textile application are driving the heat transfer films market in Europe and North America. In the Asia Pacific region, India and China are expected to drive the heat transfer films market, growing at an impressive CAGR of over 7%, followed by Europe, North America.
The global heat transfer films market is segmented based on the type, shape and pattern, thickness, application and geography.
Based on the film type, the heat transfer films market is segmented into:
Paper film
Plastic film
Vinyl film
Based on the film shape and pattern, the heat transfer films market is segmented into:
Flat
Round
Customized
Based on the film thickness, the heat transfer films market is segmented into:
Thick
Semi thick
Customized
Based on the end-user, the heat transfer films market is segmented into:
Textile industry
Construction industry
Furniture/Wooden industry
Other metal industry
Based on the geography, the heat transfer films market is segmented into:
Asia Pacific
North America
Europe
ROW
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Some of the key players in the heat transfer films market are Hanse Corporation, Top Alliance International Shareholds Limited, Highviz Reflective, Taizhou Warmtry Yeguangming Industrial Co. Ltd., Taizhou Lianqi Printing Packing Co. Ltd., Chengdu CECEP Reflective Material Co. Ltd., Nanjing Hanrun Transfer Paper Co. Ltd., Hung Sen Fuh Enterprise Pvt Ltd. and Jiaozuo Zhuoya Arts Film Technology Co. Ltd.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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