Global Thermochromic Materials Market, By Type (Reversible, Irreversible), Material (Leuco Dyes, Liquid Crystals, Pigments, Others), Application (Food Quality Indicators, Paper, Paints & Pigments, Thermometers, Medical Devices, Others), End-Use Industry (Packaging, Printing & Coating, Medical, Textile, Industrial, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
Market Analysis and Insights : Global Thermochromic Materials Market
The thermochromic materials market is expected to witness market growth at a rate of 9.35% in the forecast period of 2021 to 2028. Data Bridge Market Research report on thermochromic materials market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. Rapid urbanization is escalating the growth of thermochromic materials market.
Thermochromic materials, which are also called as colour-changing materials, refer to the type of substances that transform their colour for indicating the changes in temperature during various industrial uses, reactions, among other consumer uses. These materials assist in the identification of temperature, and changes during various processes.
The increase in the demand in smart packaging application across the globe acts as one of the major factors driving the growth of thermochromic materials market. The adoption of innovative technologies such as thermochromic materials for differentiating their products, and high usage in smart textiles for fashion and home furnishing applications accelerate the market growth. The increase in use of thermochromic materials as flexible sensors for functional usage for applications such as security or camouflage, and use of thermochromic materials in energy conservation, in particular as coatings for ‘switchable glass’, further influence the market growth. Additionally, use in product labels, security labels, and food & beverages packaging labels, among others, rise in apparels sectors, and increased purchasing power of consumers positively affect the thermochromic materials market. Furthermore, increase in packaging products for applications in marketing a labelling innovations extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, higher cost than that of conventional inks and colorants and poor light fastness properties are expected to obstruct the market growth. Shortage of Leuco Dyes in China is projected to challenge the thermochromic materials market in the forecast period of 2021-2028.
This thermochromic materials market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on thermochromic materials market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Thermochromic Materials Market Scope and Market Size
The thermochromic materials market is segmented on the basis of type, material, application and end-use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the thermochromic materials market is segmented into reversible and irreversible.
- On the basis of material, the thermochromic materials market is segmented into leuco dyes, liquid crystals, pigments and others.
- On the basis of application, the thermochromic materials market is segmented into food quality indicators, paper, paints & pigments, thermometers, medical devices and others.
- On the basis of end-use industry, the thermochromic materials market is segmented into packaging, printing & coating, medical, textile, industrial and others.
Thermochromic Materials Market Country Level Analysis
The thermochromic materials market is analysed and market size, volume information is provided by country, type, material, application and end-use industry as referenced above.
The countries covered in the thermochromic materials market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the thermochromic materials market because of the usage of thermochromic materials in various forms such as polymer, inks and pigments for various application within the region. Asia-Pacific is expected to witness high growth during the forecast period of 2021 to 2028 because of the rise in awareness of thermochromic material for textile, decorative items, footwear and other consumer goods in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Thermochromic Materials Market Share Analysis
The thermochromic materials market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to thermochromic materials market.
The major players covered in the thermochromic materials market reports are OliKrom, LCR Hallcrest LLC, Indestructible Paint Limited, Chromatic Technologies Inc., MICI, New Prismatic Enterprise Co., Gem'innov, SMAROL INDUSTRY CO., LTD., Kolortek Co., Ltd, Hali Pigment co., ltd., FX Pigments Pvt. Ltd., Good Life Innovations LTD, Vipul Chemicals India Pvt Ltd., QCR Solutions Corp, and SFXC, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand.
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