Thermal conductivity refers as an important characteristic for several manufacturing operations. Thermal transfer properties of a variety of materials are effective in certain applications owing to natural molecular structure that allows for direct heat-transfer. Thermal transfer materials are extensively used to manufacture the heat conductive adhesive tapes, printable products and polymer sheets. These polymer sheets are utilized for barcodes, labeling, and QR code labels for retailing, logistics, and consumer goods. This is expected to fuel the demand for thermal transfer materials in the upcoming years. Thermal transfer materials are usually used in end-use industries such as logistics, semi-conductor, packaging, and electronics industries due to their tremendous heat conductive properties. Rise in demand for superior quality printable materials for long durability in end-user industries is likely to fuel the demand for thermal transfer materials.
As per study, “Global Thermal Transfer Material Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use” key companies operating in the global thermal transfer material market include Orion Industries Incorporated, Stahls' International, Roland DGA Corporation, 3M, Specialty Materials, Sister, Fellers, FDC Graphic Films, Chemica, Decoral System, Hungsen Fuh, HANSE Corporation, HYATT, DAE HA, Yuhui. Based on type, thermal transfer material market is segmented as digital thermal transfer materials and printing thermal transfer materials. In addition, based on application, market is segmented as clothing industry, machinery industry, printing industry, construction industry, packaging industry and others.
The thermal transfer material market is driven by thermal transfer material in developing countries, followed by increase in internet penetration, rise in demand from logistics and semiconductor & electronic industries and high demand for thermal transfer materials such as Vinyl, Polyethylene (PE), Polypropylene (PP), Polyurethane (PU), and Silicone in several end-use industries. Increase in internet penetration is driving the online purchase of clothing, consumer goods and electronics goods. Increase in access of the internet among young generation is a major factor expected to increase the demand thermal transfer materials over the forecast period. However, fluctuation in prices of raw materials, high dependency of crude oil for the manufacture of raw materials and stringent regulations of government for manufacturing companies to manufacture the polymers may impact the market. Apart from this, excellent retail industry growth trends are fuelling the demand for online purchase of different products across the world. This, in turn, is growing the demand for printable films & sheets in printing of labels, QR codes and barcodes. This is likely to increase the demand for thermal transfer material market in near future.
Based on geography, the Asian-pacific is a leading region in global thermal transfer material market owing to rise in demand for products made from the heat transfer materials for instance films and tapes in Japan, China, and South Korea. It is projected that global market will be reached at rapid pace due to growth in industrial applications over the forecast period. Industrial application necessitates effectual heat transfer process through the material from one end to other end of the material. Rising demand for effective thermal transfer material from the industrial application is likely to fuel the market in the next few years.
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Global Thermal Transfer Material Market
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