Thermal Lamination Films Market: Overview
Thermal lamination films can be used for single or double-sided lamination and are popular decorative films used commercially. They are usually used for one-side lamination of leaflets, posters, menu cards, and carton boxes. Paper that need to be given clear matt and silk finishes are growing in popularity, propelling the commercial applications of the thermal lamination films market. They impart both special tactile feel and decorative experiences. Materials used for making thermal lamination films are biaxially oriented polypropylene (BOPP), biaxially oriented polyethylene terephthalate (BOPET), and biaxially oriented nylon-6. Common adhesives that are used include LDPE or EVA (ethylene vinyl acetate) and polyolefin resin. The thermal lamination films market has also made strides on the back of the growing industrial use of these films in developing and developed economies.
The study on the thermal lamination films market presents a fact-driven and data-based assessment into the key growth dynamics, current and emerging avenues, key technological advances, and factors influencing the demand in end-use industries. The researchers strive to offer a comprehensive assessment of the vendor ecosystem and raw materials sources strategies adopted by various players. The study also evaluates the trends that affect the strategic investments made by top players and recent chemistry advances in the thermal lamination films market.
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Thermal Lamination Films Market: Key Trends
A key drive for the thermal lamination films market comes from the growing popularity of paper with glossy finish, such as in gift cards, magazine covers, photo albums, notebook covers, commercial posters, and gift bags. A wide variety of decorative papers use BOPP-based thermal lamination films. Rise in demand for glossy packaging for the food and beverages industry is a key trend bolstering the expansion of the thermal lamination films market. On the other hand, rise in demand for packed food has added a robust fillip to the uptake of thermal lamination films in the packaging industry.
Strides being made in industrial printing have encouraged growth in the thermal lamination films market. Rise in demand for decorative films for the advertisement industry has also bolstered demand in the market. In addition, BOPP-based thermal lamination films that are expanded with polystyrene have come to gather steam for rooftop insulation. Thus, strides made in the construction of commercial and residential buildings have also expanded the avenue for players in the market.
Thermal Lamination Films Market: Competitive Dynamics and Key Developments
Players in the thermal lamination films market are keen on unveiling new chemistries in offering better lamination films to meet the emerging needs among end users. Top players have harnessed new fabrication technologies to develop films of exceptional mechanical properties, which will also spur the pace of innovation in the thermal lamination films market. New film materials are being tested for their functional attributes. Companies have ramped up their research and development investments to meet a wide cross-section of needs of end-use industries. The competitive landscape has in recent years has been characterized by high degree of fragmentation.
Some of the key players in the thermal lamination films market are D&K Group Inc., Drytac Corporation, Flex Films, and Polyplex.
Thermal Lamination Films Market: Regional Assessment
On the regional front, North America and Asia Pacific have been highly lucrative markets over the past few years. The wide range of demand for decorative paper in the commercial as well as industrial applications has contributed to the high revenues in these regional markets. Rise in middle-class population who need glossy paper for stationery needs in Asian nations has spurred the growth of the thermal lamination films market in Asia Pacific.
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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.