Hot Stamping Foils Market Trends

Growth Drivers

• Increasing Use in the Automotive Sector- Hot stamping foils are used in the automotive industry to offer good stamp ability, adhesion, heat resistance, and improved performance in vehicles. The growth in the automotive industry is thus contemplated to raise the sales of hot stamping foils in the assessment period. In 2021, the revenue from the car manufacturing sector was estimated to be 2.86 trillion dollars.
• Emerging Prospects in Electronic Industry- Among a wide variety of technical consumer goods in households, electrical appliances are one of the most widely penetrated products. Television sets with larger screen sizes have gained popularity on the one hand, but the miniaturization of electrical components such as personal mobility devices is gaining momentum on the other. In response to growing demand, manufacturers are concentrating their efforts on the development of high-quality and convenient devices for use, this is providing prospective opportunities for the hot stamping foils market as it provides for a long-lasting decoration that is very adherent and resistant to abrasion.
• Growth in the Printing Industry - The market for hot stamping foils is expected to grow based on its high durability and working characteristics. It is therefore projected that the sales of hot stamping fuel will increase in recent years, as a result of continued printing industry expansion. The latest survey suggested that the global printing industry is growing at a significant rate and is set to attain a revenue of USD 834 billion by 2026.

Challenges

• High Costs of Raw Materials -Hot stamping foils are made of aluminium, pigments, adhesives, and others. These materials are not cost-effective which can result in the requirement for the high initial investment and people might look for alternative solutions in the hot stamping foils market, hence this factor can be projected to hamper the growth of the market over the forecast period.
• Increased Costs of the Production Process
•  Stringent Rules by Government