Anticipated to reach a market value of US$ 2.3 billion by 2022, the global heat transfer films market is poised for continuous acceleration, projected to exhibit a robust compound annual growth rate (CAGR) of 5.9% from 2022 to 2028.
Heat transfer films also known as heat transfer vinyl is a specialty polymer that could be easily used on textiles to print designs. Heat transfer films provide abrasion-resistant and they allow durable screen printing, CAD lettering, off-set, flexographic, and digital printing.
According to FMI’s assessment, the heat transfer films market is poised to expand by 1.4 times during the forecast period, with Asia Pacific projected to surge at a CAGR of 7.8%, reaching an impressive value of nearly 42% by 2028. The significant growth is attributed to the increasing number of local producers and lower costs in the region.
In 2022, France, Germany, Italy, and the United Kingdom emerge as the four key Western European nations collectively commanding around 21% of the global heat transfer films market. Propelled by soaring levels of innovation and entrepreneurship, both Western and Eastern Europe are forecasted to jointly secure a market share of approximately 27% by 2028.
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The Market Key Players Are:
- Dynatex Textiles Ltd.
- Sunmicrotek Group
- MINSEO Co. Ltd.
- Shinhan Co., Ltd.
- Unimark Heat Transfer Co.
- SEF Americas
- Advanced Display Materials
- FOREVER GmbH
- ITL Group (Apparel Label International)
- RTape Corp. (Nekoosa Coated Products Company)
- others
Competitive Landscape
The key manufacturers are using product launches, collaborations and distribution diversification strategies as a way to improve their market share in the global market.
- Stahls’ Inc. launched glittered pressure-sensitive adhesive vinyl in December 2021 to improve customer demand in the holiday season.
- In October 2021, Armor group and IIMAK merged to form a single entity and cater for customers better in North America and the Asia Pacific.
Why is Textile the Most Preferred End-Use Industry for Heat Transfer Films Market?
Heat transfer film, also known as heat transfer vinyl is commonly used for printing on apparel and clothing either for decoration or customization purposes. The textile industry holds maximum market share for heat transfer films since it caters for most of its applications in it. Increasing demand for personalized printing in the textile industry is deriving the demand in the heat transfer films market.
Trends Shaping the Heat Transfer Films Industry
Several trends are shaping the Heat Transfer Films Market:
- Personalization: Consumers increasingly seek customized products, fueling the demand for heat transfer films.
- Sustainable Printing: Eco-conscious consumers drive the adoption of eco-friendly heat transfer films.
- Digitalization: Advancements in digital printing technology enhance the precision and speed of heat transfer applications.
Apparel Printing is Driving the Market for Heat Transfer Films
- Customization: Heat transfer films allow for easy customization of clothing. Individuals and businesses can create unique designs, logos, and graphics, making it possible to cater to specific customer preferences. This level of personalization is highly appealing to consumers.
- Ease of Use: Heat transfer films are relatively simple to use. With the right equipment and materials, even small businesses and hobbyists can create professional-looking apparel. This accessibility has democratized the apparel printing market, allowing more players to enter the industry.
- Cost-Effectiveness: Heat transfer films are a cost-effective method for producing custom apparel. They require less initial investment in equipment compared to screen printing or embroidery. This affordability is particularly attractive to small businesses and startups.
- Versatility: Heat transfer films can be used on a wide range of fabrics and garments, including T-shirts, hats, sportswear, and more. They also work well on both light and dark-colored textiles. This versatility expands the potential market for heat transfer film products.
- Durability: Advances in heat transfer film technology have led to improved durability. High-quality films can withstand multiple washes without fading or cracking, making them suitable for long-lasting designs.
- Quick Turnaround: Heat transfer printing offers a quick turnaround time, as there is no need for the drying and curing processes required in some other printing methods. This speed is especially valuable for businesses looking to fulfill custom orders on short notice.
- High-Quality Output: When done correctly with high-quality materials, heat transfer printing can produce sharp, vibrant, and detailed designs on apparel. This quality is essential for businesses aiming to meet the demands of discerning customers.
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Key Segmentations-
By Material:
- Polyuréthane (PU) /PU Blendes
- PVC
By Substrate Material:
- Cotton
- Polyester
- Cotton-Poly Blends
- Others
By Product Type:
- Opaque
- Clear
- Glossy & Metallic
- Vented
By End-Use Industries:
- Textile
- Food & Beverages
- Healthcare
- Personal Care
- Others
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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