Dye-sublimation Printing Markets forecast upto 2025 – Trends, Developments and Growth
30 June 2020: Amid such fears of slowdown and shut downs owing to COVID-19, the global dye-sublimation market was valued at USD 8,110 million in 2019, and it is expected to reach a value of USD 14,235 million by 2025, registering a CAGR of 10.7% during 2020 to 2025, according to a recent report released by ResearchAndMarkets.
The report titled “Dye-sublimation Printing Market – Growth, Trends and Forecasts (2020-2025)” indicates that dye-sublimation printing is quickly gaining traction among promotional product printers due to its diverse application on a wide range of products. This printing applies to fabric and rigid materials.
The garment industry commands a prominent share of the market with the increasing vendor propensity toward the adoption of dye-sublimation printing solutions, as they offer better print quality at a faster pace. The global textile industry’s move toward automation and its increasing capacity are driving the demand.
Report stated that the scope of the applications of dye-sublimation covered under the study includes curtains, carpets, wall coverings, upholstery, etc. used for household purposes. In recent years, the demand for dye-sublimation printers has observed significant growth; due to this, printer vendors have initiated the production of high speed and high-volume systems for industrial facilities. The revelations in design, better printheads, and other components are further augmenting the demand. The new printheads offer faster print speed, along with an automatic circulation system, thus, reducing printhead nozzle clog, which is one of the common reasons behind the downtime.
Dye-sublimation printing is preferred in household textile such as curtain manufacturing. Printers used for these are expected to witness increased demand owing to the usage of printed fabrics in the home textiles segment. The demand for such materials is expanding globally.
The Asia Pacific is expected to witness significant growth in revenue due to the increasing consumption of printed clothing in India, Japan, Indonesia, China, and Thailand. Besides, the rising adoption of digital fabric printing in China and India is anticipated to boost the market growth in the region. Growing sales volume of clothing goods and apparel through e-commerce portals in India, Thailand, China, and Bangladesh is expected to boost industry growth.
The trend of digital printing is catching up in India, as customers are looking for short runs and faster turnaround time. According to HP India, growing demand from various end-user customers, such as textiles may further improve digital printing’s power to provide innovative results. Key players are EPSON, Roland DGA Corporation, Sawgrass Inc., Mitsubishi Electric Corporation, Mimaki Engineering Co., Ltd, etc.