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Heat Transfer Films Market Global Industry Analysis and Forecast Till 2024

01-29-2018 08:23 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Transparency Market Research

/ PR Agency: Transparency Market Research
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.

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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.

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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.

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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.

About TMR

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

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