Global Thermochromic Pigment Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027
MarketResearch.biz delivers in-depth insights on the global thermochromic pigment market in its upcoming report titled, “Global Thermochromic Pigment Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global thermochromic pigment market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global thermochromic pigment market report has been segmented on the basis of product type, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Thermochromic pigments are special purpose pigments which change color when any temperature change is detected, it can be either low temperature or high temperature. The pigments are very sensitive/sensible to temperature change. Consequently, thermochromic pigments are utilized for various applications such as plastics, mugs, textile printing, and others. In textile printing, the thermochromic pigments are utilized with normal textile pigments for textiles printing process. When print undergoes a temperature change, it changes color. In addition, if yellow textile pigment is combined with blue thermochromic pigment, resulting product will be green color, which will change to the dominant color when it undergoes or senses a change in temperature. Thermochromic pigment is utilized in plastic mugs and bottles to detect temperature of liquid present in the mug or bottle.
Temperature-sensitive materials are being used in form of coatings, paper sheets, inks, and polymers to produce practical products, which offer ease of access, convenience to customers, and amusement. Forehead piece thermometer is one key example of printed liquid crystals, that changes color to effectively indicate extreme body temperature during surgeries.
Increasing demand for thermochromic materials in a food quality indicator to determine a quality of frozen dairy and meat products, coupled with increasing application of thermochromic pigments in paints, inks, and coatings is expected to drive growth of the global market over the forecast period. Cost-effectiveness, color diversity, and manufacturing process flexibility are of the major advantages of the thermochromic materials. In addition, use of reversible temperature-sensitive substances in baby products and in the sensors is projected to drive growth over the next ten years.
Target audience for the global thermochromic pigment market include industry associations, thermochromic pigment producers, thermochromic pigment traders, thermochromic pigment suppliers, and thermochromic pigment distributors, government and research organizations, industrial and association bodies, raw material suppliers, distributors, and others.
North America thermochromic pigment market is estimated to account for major share in terms of revenue in the global thermochromic pigment market. Asia Pacific thermochromic pigment market is projected to witness fastest growth in terms of revenue in next ten years, owing to increasing demand for coating industry in the countries in region.
Global Thermochromic Pigment Market Segmentation:
Segmentation by product type:
Segmentation by application:
- Food quality indicators
- Paints & coatings
- Ink printing
- Others (textile printing, plastics, and mugs)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Indestructible Paint Inc.
- W. Sands Corp.
- OliKrom SAS
- Kolortek Co., Ltd.
- Shanghai Phichem Material Co., Ltd.
- LCR Hallcrest, LLC
- Smarol Industry Co. Ltd.
- New Prismatic Enterprise Co. Ltd.
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