The global thermochromic materials market was valued at USD 1.45 billion in 2018 and is expected to reach USD 3.01 billion in 2026, growing at a CAGR of 9.62% during the forecast period. Thermochromic Materials changes the colors with the change in heat and temperature. Thermochromic Materials incorporate changing color ability to convert thermal radiation into a chromatic effect, which changes the viewed color. The thermochromic materials are used as markers to which accurately and instantly relate data to the viewers. These materials are widely used in the manufacturing of inks, paints, coats, paper sheets, and polymers to manufacture various products.
Thermochromic Materials Market Segmentation |
|
| By Type | 1. Reversible |
| 2. Irreversible | |
| By Material | 1. Leuco Dyes |
| 2. Liquid Crystals | |
| 3. Pigments | |
| 4. Others | |
| By Application | 1. Packaging |
| 2. Printing & Coating | |
| 3. Medical | |
| 4. Textile | |
| 5. Industrial | |
| 6. Others | |
| By Region | 1. North America (US and Canada) |
| 2. Europe (UK, Germany, France and Rest of Europe) | |
| 3. Asia Pacific (China, Japan, India and Rest of Asia Pacific) | |
| 4. Latin America (Brazil, Mexico and Rest of Latin America) | |
| 5. Middle East & Africa (GCC and Rest of Middle East & Africa) | |
The growth of the thermochromic materials market is primarily driven by growing demand for thermochromic materials in end-user industries and an increase in demand for enhancing appearance product and product differentiation. Moreover, the rising demand for thermochromic material as food quality indicators also drives the growth of the global thermochromic materials market. On the other hand, high costs as compared to other conventional colors and inks and limited light-emitting properties is creating a major hindrance for its market growth. However, continuous development in thermochromic materials to use in various applications is expected to create major growth opportunities during the forecast period.
The reversible thermochromic materials segment expected to hold the share of 65% in the thermochromic materials market
Based on the type, the global thermochromic materials market has been segmented into reversible and irreversible thermochromic materials. The reversible thermochromic materials segment expected to hold the share of 65% in the thermochromic materials market. While, the irreversible segment expected to grow at the CAGR of approximately 13% during the forecast period owing to its excellent indication properties and manufacturing process flexibility further grows the demand for irreversible thermochromic materials. Moreover, irreversible thermochromic materials are largely used in packaging, security inks and other coating applications as they change appearance when exposed to diverse temperatures. Moreover, such factors materials are expected to enhance the market grpwth for acrylic thermochromic throughout the forecast period.
The leuco dyes segment expected to grow at the fastest rate of 12% CAGR during the forecast period
Based on the material, the global thermochromic materials market has been segmented into leuco dyes, liquid crystals, pigments, and others. The leuco dyes materials are widely used due to color change properties when exposed to different temperatures. These materials are tough, durable, and cost-effective as compare to other materials and used in medical, packaging, printing & coating.
Based on the application, the printing & coating segment is expected to lead during the forecast period
Based on the application, the market has been segmented into packaging, printing & coating, medical, textile, industrial, and others. The printing & coating segment accounted for the largest share in the market in 2018. Owing to its high reflection properties and growing demand for indication material, the thermochromic materials are an ideal solution for printing & coating applications. The thermochromic materials are used in printing & coating applications for path markings, the coating on instrument panels, indicator purpose, and emergency markings.
North America to dominate the thermochromic materials market throughout the forecast period
North America accounted for nearly 43% share of the global thermochromic materials market in 2018 and is expected to dominate the market throughout the forecast period followed by Europe and Asia-Pacific. Stringent government regulations regarding industrial safety and growing manufacturing hub in the North America region is one of the key factors driving the consumption of thermochromic materials in this region. Moreover, the growth of packaging, printing & coating, the medical manufacturing industry in key countries such as the US and Canada are also propelling the growth of thermochromic materials in the North America region. Asia-Pacific accounted for the highest CAGR in the global thermochromic materials market during the forecast period.
Company Profiles and Competitive Intelligence:
The major players operating in the global thermochromic materials market are Matsui International Company (US), LCR Hallcrest (US), OliKrom (France), Chromatic Technologies (CTI) (US), New Prisematic Enterprise (Taiwan), Smarol Industry (China), Hali Industrial (China), Kolortek (China), Kolorjet (India), and GEM'INNOV (France) among others.
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TABLE OF CONTENT
Chapter 1 Executive Summary
1.1. Market Summary
1.1.1. Global Thermochromic Materials Market, 2016-2026, (USD Million) (Tonnes)
1.2. Market Snapshot: Global Thermochromic Materials Market
1.3. Market Dynamics
1.4. Global Thermochromic Materials Market, by Segment, 2018
1.4.1. Global Thermochromic Materials Market, by Type, 2018, (USD Million) (Tonnes)
1.4.2. Global Thermochromic Materials Market, by Material, 2018, (USD Million) (Tonnes)
1.4.3. Global Thermochromic Materials Market, by Application, 2018, (USD Million) (Tonnes)
1.4.4. Global Thermochromic Materials Market, by Region, 2018 (USD Million) (Tonnes)
1.5. Premium Insights
1.5.1. Thermochromic Materials Market In Developed Vs. Developing Economies, 2018 vs 2026
1.5.2. Global Thermochromic Materials Market: Regional Life Cycle Analysis
Chapter 2 Market Dynamics
2.1. Market Overview
2.2. Market Drivers
2.2.1. Increase in demand for enhance appearance product and product differentiation
2.2.2. Growing demand for thermochromic materials in end user industries
2.3. Market Restraints
2.3.1. Limited light emitting properties
2.3.2. High costs as compare to other conventional colors and inks
2.4. Market Opportunities
2.4.1. Continuous development in thermochromic materials to use in various applications
2.5. Industry Value Chain Analysis
2.6. Pricing Analysis
2.7. Porter’s Five Forces Analysis
Chapter 3 Global Thermochromic Materials Market, by Type
3.1. Market Overview, by Type
3.1.1. Global Thermochromic Materials Market, by Type, 2016-2026 (USD Million) (Tonnes)
3.1.2. Incremental Opportunity, by Type, 2018
3.2. Reversible
3.2.1. Global Thermochromic Materials Market, by Reversible , 2016-2026, (USD Million) (Tonnes)
3.3. Irreversible
3.3.1. Global Thermochromic Materials Market, by Irreversible, 2016-2026, (USD Million) (Tonnes)
Chapter 4 Global Thermochromic Materials Market, by Material
4.1. Market Overview, by Material
4.1.1. Global Thermochromic Materials Market, by Material, 2016-2026 (USD Million) (Tonnes)
4.1.2. Incremental Opportunity, by Material, 2018
4.2. Leuco Dyes
4.2.1. Global Thermochromic Materials Market, by Leuco Dyes, 2016-2026, (USD Million) (Tonnes)
4.3. Liquid Crystals
4.3.1. Global Thermochromic Materials Market, by Liquid Crystals, 2016-2026, (USD Million) (Tonnes)
4.4. Pigments
4.4.1. Global Thermochromic Materials Market, by Pigments, 2016-2026, (USD Million) (Tonnes)
4.5. Others
4.5.1. Global Thermochromic Materials Market, by Others, 2016-2026, (USD Million) (Tonnes)
Chapter 5 Global Thermochromic Materials Market, by Application
5.1. Market Overview, by Application
5.1.1. Global Thermochromic Materials Market, by Application, 2016-2026 (USD Million) (Tonnes)
5.1.2. Incremental Opportunity, by Application, 2018
5.2. Packaging
5.2.1. Global Thermochromic Materials Market, by Packaging, 2016-2026, (USD Million) (Tonnes)
5.3. Printing & Coating
5.3.1. Global Thermochromic Materials Market, by Printing & Coating, 2016-2026, (USD Million) (Tonnes)
5.4. Medical
5.4.1. Global Thermochromic Materials Market, by Medical, 2016-2026, (USD Million) (Tonnes)
5.5. Textile
5.5.1. Global Thermochromic Materials Market, by Textile, 2016-2026, (USD Million) (Tonnes)
5.6. Industrial
5.6.1. Global Thermochromic Materials Market, by Industrial, 2016-2026, (USD Million) (Tonnes)
5.7. Others
5.7.1. Global Thermochromic Materials Market, by Others, 2016-2026, (USD Million) (Tonnes)
Chapter 6 Global Thermochromic Materials Market, by Region
6.1. Market Overview, by Region
6.1.1. Global Thermochromic Materials Market, by Region, 2016-2026, (USD Million) (Tonnes)
6.2. Attractive Investment Opportunity, by Region, 2018
6.3. North America Thermochromic Materials Market
6.3.1. North America Thermochromic Materials Market, by Type, 2016-2026 (USD Million) (Tonnes)
6.3.2. North America Thermochromic Materials Market, by Material, 2016-2026 (USD Million) (Tonnes)
6.3.3. North America Thermochromic Materials Market, by Application, 2016-2026 (USD Million) (Tonnes)
6.3.4. United States Thermochromic Materials Market, 2016-2026 (USD Million) (Tonnes)
6.3.5. Canada Thermochromic Materials Market, 2016-2026 (USD Million) (Tonnes)
6.4. Europe Thermochromic Materials Market
6.4.1. Europe Thermochromic Materials Market, by Type, 2016-2026 (USD Million) (Tonnes)
6.4.2. Europe Thermochromic Materials Market, by Material, 2016-2026 (USD Million) (Tonnes)
6.4.3. Europe Thermochromic Materials Market, by Application, 2016-2026 (USD Million) (Tonnes)
6.4.4. United Kingdom Thermochromic Materials Market, 2016-2026 (USD Million) (Tonnes)
6.4.5. Germany Thermochromic Materials Market, 2016-2026 (USD Million) (Tonnes)
6.4.6. France Thermochromic Materials Market, 2016-2026 (USD Million) (Tonnes)
6.4.7. Rest of Europe Thermochromic Materials Market, 2016-2026 (USD Million) (Tonnes)
6.5. Asia Pacific Thermochromic Materials Market
6.5.1. Asia Pacific Thermochromic Materials Market, by Type, 2016-2026 (USD Million) (Tonnes)
6.5.2. Asia Pacific Thermochromic Materials Market, by Material, 2016-2026 (USD Million) (Tonnes)
6.5.3. Asia Pacific Thermochromic Materials Market, by Application, 2016-2026 (USD Million) (Tonnes)
6.5.4. China Thermochromic Materials Market, 2016-2026 (USD Million) (Tonnes)
6.5.5. Japan Thermochromic Materials Market, 2016-2026 (USD Million) (Tonnes)
6.5.6. India Thermochromic Materials Market, 2016-2026 (USD Million) (Tonnes)
6.5.7. Rest of Asia Pacific Thermochromic Materials Market, 2016-2026 (USD Million) (Tonnes)
6.6. Latin America Thermochromic Materials Market
6.6.1. Latin America Thermochromic Materials Market, by Type, 2016-2026 (USD Million) (Tonnes)
6.6.2. Latin America Thermochromic Materials Market, by Material, 2016-2026 (USD Million) (Tonnes)
6.6.3. Latin America Thermochromic Materials Market, by Application, 2016-2026 (USD Million) (Tonnes)
6.6.4. Brazil Thermochromic Materials Market, 2016-2026 (USD Million) (Tonnes)
6.6.5. Mexico Thermochromic Materials Market, 2016-2026 (USD Million) (Tonnes)
6.6.6. Rest of Latin America Thermochromic Materials Market, 2016-2026 (USD Million) (Tonnes)
6.7. Middle East & Africa Thermochromic Materials Market
6.7.1. Middle East & Africa Thermochromic Materials Market, by Type, 2016-2026 (USD Million) (Tonnes)
6.7.2. Middle East & Africa Thermochromic Materials Market, by Material, 2016-2026 (USD Million) (Tonnes)
6.7.3. Middle East & Africa Thermochromic Materials Market, by Application, 2016-2026 (USD Million) (Tonnes)
6.7.4. GCC Thermochromic Materials Market, 2016-2026 (USD Million) (Tonnes)
6.7.5. Rest of Middle East & Africa Thermochromic Materials Market, 2016-2026 (USD Million) (Tonnes)
Chapter 7 Competitive Intelligence
7.1. Top 5 Players Comparison
7.2. Market Positioning of Key Players, 2018
7.3. Market Players Mapping
7.3.1. By Type
7.3.2. By Material
7.3.3. By Application
7.3.4. By Region
7.4. Strategies Adopted by Key Market Players
7.5. Recent Developments in the Market
7.5.1. Mergers & Acquisitions, Partnership, New Product Developments
Chapter 8 Company Profiles
8.1. Matsui International Company
8.1.1. Matsui International Company Overview
8.1.2. Matsui International Company Products Portfolio
8.1.3. Matsui International Company Financial Overview
8.1.4. Matsui International Company News/Recent Developments
8.2. LCR Hallcrest
8.2.1. LCR Hallcrest Overview
8.2.2. LCR Hallcrest Products Portfolio
8.2.3. LCR Hallcrest Financial Overview
8.2.4. LCR Hallcrest News/Recent Developments
8.3. OliKrom
8.3.1. OliKrom Overview
8.3.2. OliKrom Products Portfolio
8.3.3. OliKrom Financial Overview
8.3.4. OliKrom News/Recent Developments
8.4. Chromatic Technologies
8.4.1. Chromatic Technologies Overview
8.4.2. Chromatic Technologies Products Portfolio
8.4.3. Chromatic Technologies Financial Overview
8.4.4. Chromatic Technologies News/Recent Developments
8.5. New Prisematic Enterprise
8.5.1. New Prisematic Enterprise Overview
8.5.2. New Prisematic Enterprise Products Portfolio
8.5.3. New Prisematic Enterprise Financial Overview
8.5.4. New Prisematic Enterprise News/Recent Developments
8.6. Smarol Industry
8.6.1. Smarol Industry Overview
8.6.2. Smarol Industry Products Portfolio
8.6.3. Smarol Industry Financial Overview
8.6.4. Smarol Industry News/Recent Developments
8.7. Hali Industrial
8.7.1. Hali Industrial Overview
8.7.2. Hali Industrial Products Portfolio
8.7.3. Hali Industrial Financial Overview
8.7.4. Hali Industrial News/Recent Developments
8.8. Kolortek
8.8.1. Kolortek Overview
8.8.2. Kolortek Products Portfolio
8.8.3. Kolortek Financial Overview
8.8.4. Kolortek News/Recent Developments
8.9. Kolorjet
8.9.1. Kolorjet Overview
8.9.2. Kolorjet Products Portfolio
8.9.3. Kolorjet Financial Overview
8.9.4. Kolorjet News/Recent Developments
8.10. GEM’INNOV
8.10.1. GEM’INNOV Overview
8.10.2. GEM’INNOV Products Portfolio
8.10.3. GEM’INNOV Financial Overview
8.10.4. GEM’INNOV News/Recent Developments
Chapter 9 Preface
9.1. Data Triangulation
9.2. Research Methodology
9.2.1. Material I – Secondary Research
9.2.2. Material II – Primary Research
9.2.3. Material III – Expert Panel Review
9.2.4. Approach Adopted
9.2.4.1. Top-Down Approach
9.2.4.2. Bottom-Up Approach
9.2.5. Supply- Demand side
9.2.6. Breakup of the Primary Profiles
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