North America Thermal Transfer Material Market Size is Expected to Reach $2166 Million by 2028

Thermal transfer material is a special type of material widely used in heat transfer printing technology. Thermal transfer printing is a technique that transfers patterns or text from one material to another through heating and pressure. This technology does not require the use of ink or other chemicals and is therefore considered an environmentally friendly printing method.

Thermal transfer materials have the characteristics of bright colors, clear patterns, washability, and wear resistance, which can meet the personalized, aesthetic, and practical needs of users. They are widely used in the printing and decoration of industries such as clothing, shoes and hats, luggage, and leather products.

Segmented Market Analysis

From the perspective of product types, the mainstream thermal transfer materials in the current market include thermal transfer ribbons, thermal transfer paper, and thermal transfer films. Among them, thermal transfer ribbons occupy a dominant position in the market.According to our research data, in 2023, in the global thermal transfer material market, the sub-market size of thermal transfer ribbons was $1071 million, with a market share of 63.15%.

From the perspective of downstream applications, the application of thermal transfer materials involves many fields such as food and beverage, healthcare, logistics and transportation, industrial products, and retail. Among them,the industrial product sector and the retail sector are its downstream first and second largest application markets, with application shares of 27.36% and 26.30% in 2023, respectively.

North America Thermal Transfer Material Market Size and Market Share by Type and Application in 2023

 

Market Size (Million USD)

Share

Segmented by Type

Thermal Transfer Ribbon

1071

63.15%

Thermal Transfer Paper

265

15.63%

Thermal Transfer Film

218

12.85%

Others

142

8.37%

Segmented by Application

Food & Beverage

149

8.79%

Healthcare

170

10.02%

Industrial Products

464

27.36%

Logistics & Transportation

284

16.75%

Retail

446

26.30%

Others

183

10.79%

Source: www.globalmarketmonitor.com

Overview of Market Development and Analysis of Competitive Landscape
North America, as one of the main consumer regions of the global thermal transfer printing market, has always had a high demand for heat transfer printing technology in the fields of textiles, automobiles, and household goods. This demand not only drives the continuous innovation of thermal transfer printing technology but also promotes the sustained prosperity of the thermal transfer material market. Data shows that the North America thermal transfer material market reached $1696 million in 2023, an increase of 5.61% compared to 2022. It is expected that the market size will continue to increase to $2166 million by 2028.
From the perspective of market competition, the concentration of the North American heat transfer material market is moderate. According to the data, the total sales value of thermal transfer materials for the top 3 enterprises in the industry was $559 million in 2023, with a total share of 32.96%. The top three companies were Ricoh, DNP, and IIMAK, with their sales value of thermal transfer materials accounting for 14.25%, 12.34%, and 6.37% of the global market in 2023, respectively.
North America Thermal Transfer Material Market Size Forecast and Competitive Landscape Analysis  

North America Thermal Transfer Material Market Size Forecast and Competitive Landscape Analysis

Source: www.globalmarketmonitor.com

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