According to a new market report published by Credence Research “Global Decal Paper Market - Growth, Future Prospects, and Competitive Analysis, 2017 – 2025,” the global decal paper market is expected to reach over US$ 3,965.9 Mn by 2025, expanding at a CAGR of 6.1% from 2017 to 2025.
Market Insights
On the basis of product type, the global decal paper market is segmented into laser decal paper, inkjet decal paper, candle decal paper, tattoo decal paper and others (soap, wood, etc.). In 2016, laser decal paper is observed to be the most dominant segment accounting for more than 40% in the global decal paper market and is expected to maintain its dominance in upcoming years. Other decal papers such as soap, wood, etc. are projected to grow at a higher CAGR over the forecast period.
Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/decal-paper-market
For the purpose of this study, the global decal paper market is categorized into regional markets viz., North America, Europe, Asia Pacific, and Latin America and the Middle East and Africa. In 2016, Asia Pacific was observed as the largest market for decal paper followed by North America and Europe. The overall growth of the Asia Pacific market will be above the global average during the forecast period. The Asia Pacific is expected to achieve the highest growth rate compared to other regions due to the presence of countries such as China, India, and Japan are observing significant demand for decal papers in upcoming years.
The global decal paper market is highly fragmented. Major players include Tullis Russell Coaters Ltd., Bel Inc., Image Transfers Inc., Hemmi Papilio Supplies LLC., Stechcol Ceramic Crafts Development (Shenzhen) Co., Ltd., Chengdu Jitian Decal Print Co., Ltd., Lazertran Ltd., Glitters (India) Ltd., One Step Papers, LLC., etc. Existing players are facing intense competition from the small/ regional players as the market highly price sensitive. The manufactures are investing in research and development to develop high quality, differentiated and cost-effective products to increase their market penetration, especially in key consuming economies.
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Key Trends:
- Use of decals have dramatically expanded over the past few years in various applications
- Availability of products on various distribution channels boosting the demand of decal papers
- Storing of decal paper is the major issue faced by the end-users
- High technology in the use of decal paper industry
Market Segmentation
By Product Type
- Laser Decal Paper
- Inkjet Decal Paper
- Candle Decal Paper
- Tattoo Decal Paper
- Others (soap, wood among others)
By Geography Segment
- North America (the U.S., Rest of North America)
- Europe (U.K., Germany, France, Rest of Europe)
- Asia Pacific (China, Japan, India, Rest of Asia Pacific)
- Rest of the World (the Middle East & Africa, Latin America)
Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/58604
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