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.
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:
Based on the film thickness, the heat transfer films market is segmented into:
- Semi thick
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
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.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.