Thermochromic Pigments Market by Type and End-use Industry: Global Opportunity Analysis and Industry Forecast, 2020-2027

The global thermochromic pigments market was valued at $428.3 million in 2019, and is projected to reach $595.0 million by 2027, growing at a CAGR of 6.2% from 2020 to 2027. Thermochromic pigments are classified under specialty pigments that have superior property of color changing with a change in temperature. Thermochromic pigments are insoluble materials incorporated by physically mixing them with the medium. They have a high tinting strength as compared to the material in which they are added. These pigments serve numerous our main functions: impart color to the medium, change color according to temperature, hide the substrate and efface the existing color, and enhance the strength of the paint film.

Depending upon the type of thermochromism, the global thermochromic pigments market is segmented into reversible and irreversible thermochromic pigments. In term of application, the thermochromic pigments are widely used in paint & coating, ink printing, and plastic products to either show the temperature change or to increase aesthetics of the product. The usage of thermochromic pigments based ink can be usually seen in beer wrappers indicating the coldness of beer or sticker on the pizza delivery boxes indicating hotness of the pizza.

Thermochromic pigments, being an innovation-driven industry has witnessed an increase in R&D activities. Increase in competition in the end-user markets has led to product innovation. The market players have heavily invested in R&D activities to introduce and develop new products with more advanced and new features.

The global thermochromic pigments market is segmented on the basis of type, end-use industry and region. Depending on type, the thermochromic pigments market is divided into reversible thermochromic pigments and irreversible thermochromic pigments. On the basis of end-use industry, the global thermochromic pigments market segmented into printing ink, textile, paints and coatings, plastic polymer, food & beverages, paper, cosmetics, and others. Region wise, the thermochromic pigments market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Major players in the market are OliKrom, QCR Solutions Corp, Matsui Color, Devine Chemicals Ltd, New Color Chemical Limited, CTI and Flint Group, LCR Hallcrest, Hali Industrial co., ltd, KOLORTEK, SMAROL INDUSTRY CO. LTD, and among others. Other companies in accordance with thermochromic pigments market are 3M, Sherwin Williams, Hammer Packaging, Corp., NanoMatriX International Limited, Clariant, Special Effects and Coatings, and others.

KEY BENEFITS FOR STAKEHOLDERS

The report provides an in-depth analysis of the thermochromic pigments market forecast along with the current and future market trends
This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period
Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the global thermochromic pigments industry for strategy building
A comprehensive thermochromic pigments market analysis covers factors that drive and restrain market growth
The qualitative data in this report aims on market dynamics, trends, and developments

KEY MARKET SEGMENTS

By Type

Reversible Thermochromic Pigment
Irreversible Thermochromic Pigment

By End-use Industry

Printing Ink
Textile
Paints and Coatings
Plastic & Polymer
Food & Beverages
Paper
Cosmetic
Others

By Region

North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
Rest of Asia-Pacific
LAMEA
Brazil
South Africa
LAMEA

Key Market Players

OliKrom
QCR Solutions Corp
Matsui Color
Devine Chemicals Ltd
New Color Chemical Limited
RPM International
DuPont
CTI and Flint Group

Chapter 1: Introduction

1.1. Report Description
1.2. Key Benefits for Stakeholders
1.3. Key Market Segments
1.4. Research Methodology
1.4.1. Primary Research
1.4.2. Secondary Research
1.4.3. Analyst Tools and Models

Chapter 2: Executive Summary

2.1. Key Findings of the Study
2.2. Key Findings
2.2.1. Top Investment Pockets
2.3. CXO Perspective

Chapter 3: Market Overview

3.1. Market Definition and Scope
3.2. Key Forces Shaping Global Thermochromic Pigment Market
3.3. Market Dynamics
3.3.1. Drivers
3.3.2. Restraint
3.3.3. Opportunity
3.4. Value Chain Analysis
3.5. Patent Analysis
3.6. Impact of Covid-19
3.6. Impact of Government Regulations on Market

Chapter 4: Global Thermochromic Pigments Market, by Type

4.1. Overview
4.1.1. Market Size and Forecast
4.2. Reversible
4.2.1. Key Market Trends, Growth Factors, and Opportunities
4.2.2. Market Size and Forecast, by Region
4.2.3. Market Analysis, by Country
4.3. Irreversible
4.3.1. Key Market Trends, Growth Factors, and Opportunities
4.3.2. Market Size and Forecast, by Region
4.3.3. Market Analysis, by Country

Chapter 5: Global Thermochromic Pigments Market, by Application

5.1. Overview
5.1.1. Market Size and Forecast
5.2. Printing Ink
5.2.1. Key Market Trends, Growth Factors, and Opportunities
5.2.2. Market Size and Forecast, by Region
5.2.3. Market Analysis, by Country
5.3. Textile
5.3.1. Key Market Trends, Growth Factors, and Opportunities
5.3.2. Market Size and Forecast, by Region
5.3.3. Market Analysis, by Country
5.4. Plastic & Polymer
5.4.1. Key Market Trends, Growth Factors, and Opportunities
5.4.2. Market Size and Forecast, by Region
5.4.3. Market Analysis, by Country
5.5. Food & Beverages
5.5.1. Key Market Trends, Growth Factors, and Opportunities
5.5.2. Market Size and Forecast, by Region
5.5.3. Market Analysis, by Country
5.6. Paper
5.6.1. Key Market Trends, Growth Factors, and Opportunities
5.6.2. Market Size and Forecast, by Region
5.6.3. Market Analysis, by Country
5.7. Cosmetic
5.7.1. Key Market Trends, Growth Factors, and Opportunities
5.7.2. Market Size and Forecast, by Region
5.7.3. Market Analysis, by Country
5.8. Others
5.8.1. Key Market Trends, Growth Factors, and Opportunities
5.8.2. Market Size and Forecast, by Region
5.8.3. Market Analysis, by Country

Chapter 6: Thermochromic Pigments Market, by Region

6.1. Overview
6.1.1. Market Size and Forecast
6.2. North America
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Type
6.2.3. Market Size and Forecast, by Application
6.2.4. Market Size and Forecast, by Country
6.2.5. U. S.
6.2.5.1. Market Size and Forecast, by Type
6.2.5.2. Market Size and Forecast, by Application
6.2.6. Canada
6.2.6.1. Market Size and Forecast, by Type
6.2.6.2. Market Size and Forecast, by Application
6.2.7. Mexico
6.2.7.1. Market Size and Forecast, by Type
6.2.7.2. Market Size and Forecast, by Application
6.1. Europe
6.1.1. Key Market Trends, Growth Factors, and Opportunities
6.1.2. Market Size and Forecast, by Type
6.1.3. Market Size and Forecast, by Application
6.1.4. Market Size and Forecast, by Country
6.1.5. UK
6.1.5.1. Market Size and Forecast, by Type
6.1.5.2. Market Size and Forecast, by Application
6.1.6. Germany
6.1.6.1. Market Size and Forecast, by Type
6.1.6.2. Market Size and Forecast, by Application
6.1.7. France
6.1.7.1. Market Size and Forecast, by Type
6.1.7.2. Market Size and Forecast, by Application
6.1.8. Spain
6.1.8.1. Market Size and Forecast, by Type
6.1.8.2. Market Size and Forecast, by Application
6.1.9. Italy
6.1.9.1. Market Size and Forecast, by Type
6.1.9.2. Market Size and Forecast, by Application
6.1.10. Rest of Europe
6.1.10.1. Market Size and Forecast, by Type
6.1.10.2. Market Size and Forecast, by Application
6.2. Asia-Pacific
6.2.1. Key Market Trends, Growth Factors, and Opportunities
6.2.2. Market Size and Forecast, by Type
6.2.3. Market Size and Forecast, by Application
6.2.4. Market Size and Forecast, by Country
6.2.5. China
6.2.5.1. Market Size and Forecast, by Type
6.2.5.2. Market Size and Forecast, by Application
6.2.6. India
6.2.6.1. Market Size and Forecast, by Type
6.2.6.2. Market Size and Forecast, by Application
6.2.7. Indonesia
6.2.7.1. Market Size and Forecast, by Type
6.2.7.2. Market Size and Forecast, by Application
6.2.8. Thailand
6.2.8.1. Market Size and Forecast, by Type
6.2.8.2. Market Size and Forecast, by Application
6.2.9. Australia
6.2.9.1. Market Size and Forecast, by Type
6.2.9.2. Market Size and Forecast, by Application
6.2.10. Rest of Asia-Pacific
6.2.10.1. Market Size and Forecast, by Type
6.2.10.2. Market Size and Forecast, by Application
6.3. LAMEA
6.3.1. Key Market Trends, Growth Factors, and Opportunities
6.3.2. Market Size and Forecast, by Type
6.3.3. Market Size and Forecast, by Application
6.3.4. Market Size and Forecast, by Country
6.3.5. Brazil
6.3.5.1. Market Size and Forecast, by Type
6.3.5.2. Market Size and Forecast, by Application
6.3.6. Turkey
6.3.6.1. Market Size and Forecast, by Type
6.3.6.2. Market Size and Forecast, by Application
6.3.7. Iran
6.3.7.1. Market Size and Forecast, by Type
6.3.7.2. Market Size and Forecast, by Application
6.3.8. Rest of LAMEA
6.3.8.1. Market Size and Forecast, by Type
6.3.8.2. Market Size and Forecast, by Application

Chapter 7: Competitive Landscape

7.1. Introduction
7.1.1. Market Player Positioning, 2019
7.2. Top Winning Strategies
7.2.1. Top Winning Strategies, by Year
7.2.2. Top Winning Strategies, by Development
7.2.3. Top Winning Strategies, by Company
7.3. Product Mapping of Top 10 Player
7.4. Competitive Heatmap
7.5. Key Developments
7.5.1. New Product Launches
7.5.2. Expansions
7.5.3. Other Developments

Chapter 8: Company Profiles:

8.1. Olikrom
8.1.1. Company Overview
8.1.2. Company Snapshot
8.1.3. Operating Business Segments
8.1.4. Product Portfolio
8.1.5. Business Performance
8.2. Qcr Solutions Corp
8.2.1. Company Overview
8.2.2. Company Snapshot
8.2.3. Operating Business Segments
8.2.4. Product Portfolio
8.2.5. Business Performance
8.2.6. Key Strategic Moves and Developments
8.3. Matsui Color
8.3.1. Company Overview
8.3.2. Company Snapshot
8.3.3. Operating Business Segments
8.3.4. Product Portfolio
8.3.5. Business Performance
8.3.6. Key Strategic Moves and Developments
8.4. Devine Chemicals Ltd.
8.4.1. Company Overview
8.4.2. Company Snapshot
8.4.3. Operating Business Segments
8.4.4. Product Portfolio
8.5. New Color Chemical Limited
8.5.1. Company Overview
8.5.2. Company Snapshot
8.5.3. Operating Business Segments
8.5.4. Product Portfolio
8.5.5. Business Performance
8.5.6. Key Strategic Moves and Developments
8.6. Cti and Flint Group
8.6.1. Company Overview
8.6.2. Company Snapshot
8.6.3. Operating Business Segments
8.6.4. Product Portfolio
8.6.5. Business Performance
8.6.6. Key Strategic Moves and Development
8.7. Lcr Hallcrest
8.7.1. Company Overview
8.7.2. Company Snapshot
8.7.3. Operating Business Segments
8.7.4. Product Portfolio
8.7.5. Business Performance
8.7.6. Key Strategic Moves and Development
8.8. Hali Industrial Co.Ltd
8.8.1. Company Overview
8.8.2. Company Snapshot
8.8.3. Operating Business Segments
8.8.4. Product Portfolio
8.9. Kolortek
8.9.1. Company Overview
8.9.2. Company Snapshot
8.9.3. Operating Business Segments
8.9.4. Product Portfolio
8.9.5. Business Performance
8.9.6. Key Strategic Moves and Developments
8.10. Smarol Industry Co. Ltd
8.10.1. Company Overview
8.10.2. Company Snapshot
8.10.3. Operating Business Segments
8.10.4Product Portfolio
8.11. Other Players

Companies Mentioned

OliKrom
QCR Solutions Corp
Matsui Color
Devine Chemicals Ltd
New Color Chemical Limited
CTI and Flint Group
LCR Hallcrest
Hali Industrial co Ltd
KOLORTEK
SMAROL INDUSTRY CO LTD

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
Scientific and technical writings for product information and related preemptions
Regional government and statistical databases for macro analysis
Authentic news articles and other related releases for market evaluation
Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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Table of Contents

Companies Mentioned

Methodology

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