Dye-sublimation Printing Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The dye-sublimation market (henceforth, referred to as the market studied) was valued at USD 8630.1 million in 2020, and it is expected to reach a value of USD 15310.96 million by 2026, registering a CAGR of 10.7% during 2021 - 2026. Dye-sublimation printing is being increasingly adopted due to its high-quality photographic results. This process utilizes thermal transfer to shift different amounts of colored dye pigments from a carrier film to the PVC printing surface, to which the dyes bond chemically.
Key HighlightsThe dye sublimation printing market is moving toward the fragmented market as market leaders are banking on diverse product portfolio and product development to gain an edge, and the number of local players is also increasing, which is creating an intense rivalry in the market. Key players are SEIKO EPSON Corporation, Roland DGA Corporation, Sawgrass Inc., Mitsubishi Electric Corporation, Mimaki Engineering Co. Ltd, etc. Some of the recent developments in the market are :
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