Market Overview:
The global thermochromic composite materials market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for food quality indicators, papers, pigments, thermometers and other applications across the globe. In terms of type, reversible thermochromic composite materials are expected to witness higher demand as compared to irreversible and low temperature thermochromic composite materials during the forecast period. However, high temperature thermochromic composites are projected to register highest CAGR owing to their growing application in automotive and aerospace industries.
Product Definition:
Thermochromic Composite Materials are materials that change color in response to a change in temperature. This can be used for things like indicating when food is hot enough to eat or monitoring the temperature of something.
By Invertibility:
In the present scenario, there is a huge demand for innovative products with functionalities such as reversible thermoplastics or reversible polymers. This factor has been driving research in this field and it has led to the development of new materials that can be switched between two phases by changing temperature.
One of such materials is by invertibility (BI), which was developed recently at The University of Manchester, UK.
Reversible:
Reversible thermochromism is a temperature-sensitive change in the physical properties of matter, which can be reversible or irreversible depending on the circumstances. The most common reversible process associated with this phenomenon is phase transition from solid to liquid or vice versa. Phase transition can also be induced by other factors such as pressure, heat, and chemical reactions.
Application Insights:
The others segment includes paints, plastics, and inks. These are used for various applications such as food quality indicators, papers, pigments, thermometers and others. Pigments were the largest application segment with over 35% of the revenue share in 2017. Thermochromic pigments are used for coloring paper or plastic based products that change color when heated or cooled below or above a certain temperature respectively. The changing color provides an aesthetic appeal to the product which is highly preferred by consumers around the globe especially in developed economies like U.S.
Regional Analysis:
North America is expected to be the largest regional market over the forecast period owing to increasing demand for thermochromic materials in various end-use industries, such as food & beverage, pharmaceuticals and cosmetics. The U.S., being a developed economy with high disposable income of consumers and rapid technological advancements is anticipated to remain a key consumer of these products in North America region.
Europe accounted for more than 25% share of global revenue in 2017 on account of rising product adoption across several end-use industries including automotive, paints & coatings, construction and fashion accessories. Rising demand from major countries including Germany, France Italy Russia Spain U.K., Netherlands Poland Turkey among others will drive the Europe regional market during the forecast period 828%.
Growth Factors:
- Increasing demand for energy-efficient and environment-friendly products
- Growing awareness about the benefits of thermochromic composites
- Rising demand from the automotive industry
- Growing popularity of smart materials and technologies
- Technological advancements in thermochromic composites
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermochromic Composite Materials Market Research Report
By Type
By Invertibility, Reversible, Irreversible, By Thermochromic Temperature, Low Temperature Thermochromic Composite Materials, High Temperature Thermochromic Composite Materials, By Materials, Organic, Inorganic
By Application
Food Quality Indicators, Papers, Pigments, Thermometers, Others
By Companies
SFXC, Indestructible Paints Limited, H.W. Sands Corp., Fraunhofer IAP, Olikrom, Kolortek Co., Ltd., LCR Hallcrest LLC, Smarol Industry Co. Ltd., New Prismatic Enterprises Co. Ltd. (NCC), Shanghai Caison Color Material Chem. Co., Ltd.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
239
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Thermochromic Composite Materials Market Report Segments:
The global Thermochromic Composite Materials market is segmented on the basis of:
Types
By Invertibility, Reversible, Irreversible, By Thermochromic Temperature, Low Temperature Thermochromic Composite Materials, High Temperature Thermochromic Composite Materials, By Materials, Organic, Inorganic
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Food Quality Indicators, Papers, Pigments, Thermometers, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- SFXC
- Indestructible Paints Limited
- H.W. Sands Corp.
- Fraunhofer IAP
- Olikrom
- Kolortek Co., Ltd.
- LCR Hallcrest LLC
- Smarol Industry Co. Ltd.
- New Prismatic Enterprises Co. Ltd. (NCC)
- Shanghai Caison Color Material Chem. Co., Ltd.
Highlights of The Thermochromic Composite Materials Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- By Invertibility
- Reversible
- Irreversible
- By Thermochromic Temperature
- Low Temperature Thermochromic Composite Materials
- High Temperature Thermochromic Composite Materials
- By Materials
- Organic
- Inorganic
- By Application:
- Food Quality Indicators
- Papers
- Pigments
- Thermometers
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Thermochromic Composite Materials Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Thermochromic composite materials are a type of material that change color when heated or cooled. This allows them to be used in products like sunglasses, eyeglasses, and car windows that need to stay cool in summer and warm in winter.
Some of the major companies in the thermochromic composite materials market are SFXC, Indestructible Paints Limited, H.W. Sands Corp., Fraunhofer IAP, Olikrom, Kolortek Co., Ltd., LCR Hallcrest LLC, Smarol Industry Co. Ltd., New Prismatic Enterprises Co. Ltd. (NCC), Shanghai Caison Color Material Chem. Co., Ltd..
The thermochromic composite materials market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thermochromic Composite Materials Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Thermochromic Composite Materials Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Thermochromic Composite Materials Market - Supply Chain
4.5. Global Thermochromic Composite Materials Market Forecast
4.5.1. Thermochromic Composite Materials Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Thermochromic Composite Materials Market Size (000 Units) and Y-o-Y Growth
4.5.3. Thermochromic Composite Materials Market Absolute $ Opportunity
5. Global Thermochromic Composite Materials Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Thermochromic Composite Materials Market Size and Volume Forecast by Type
5.3.1. By Invertibility
5.3.2. Reversible
5.3.3. Irreversible
5.3.4. By Thermochromic Temperature
5.3.5. Low Temperature Thermochromic Composite Materials
5.3.6. High Temperature Thermochromic Composite Materials
5.3.7. By Materials
5.3.8. Organic
5.3.9. Inorganic
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Thermochromic Composite Materials Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Thermochromic Composite Materials Market Size and Volume Forecast by Application
6.3.1. Food Quality Indicators
6.3.2. Papers
6.3.3. Pigments
6.3.4. Thermometers
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Thermochromic Composite Materials Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Thermochromic Composite Materials Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Thermochromic Composite Materials Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Thermochromic Composite Materials Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Thermochromic Composite Materials Demand Share Forecast, 2019-2026
9. North America Thermochromic Composite Materials Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Thermochromic Composite Materials Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Thermochromic Composite Materials Market Size and Volume Forecast by Application
9.4.1. Food Quality Indicators
9.4.2. Papers
9.4.3. Pigments
9.4.4. Thermometers
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Thermochromic Composite Materials Market Size and Volume Forecast by Type
9.7.1. By Invertibility
9.7.2. Reversible
9.7.3. Irreversible
9.7.4. By Thermochromic Temperature
9.7.5. Low Temperature Thermochromic Composite Materials
9.7.6. High Temperature Thermochromic Composite Materials
9.7.7. By Materials
9.7.8. Organic
9.7.9. Inorganic
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Thermochromic Composite Materials Demand Share Forecast, 2019-2026
10. Latin America Thermochromic Composite Materials Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Thermochromic Composite Materials Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Thermochromic Composite Materials Market Size and Volume Forecast by Application
10.4.1. Food Quality Indicators
10.4.2. Papers
10.4.3. Pigments
10.4.4. Thermometers
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Thermochromic Composite Materials Market Size and Volume Forecast by Type
10.7.1. By Invertibility
10.7.2. Reversible
10.7.3. Irreversible
10.7.4. By Thermochromic Temperature
10.7.5. Low Temperature Thermochromic Composite Materials
10.7.6. High Temperature Thermochromic Composite Materials
10.7.7. By Materials
10.7.8. Organic
10.7.9. Inorganic
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Thermochromic Composite Materials Demand Share Forecast, 2019-2026
11. Europe Thermochromic Composite Materials Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Thermochromic Composite Materials Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Thermochromic Composite Materials Market Size and Volume Forecast by Application
11.4.1. Food Quality Indicators
11.4.2. Papers
11.4.3. Pigments
11.4.4. Thermometers
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Thermochromic Composite Materials Market Size and Volume Forecast by Type
11.7.1. By Invertibility
11.7.2. Reversible
1.7.3. Irreversible
11.7.4. By Thermochromic Temperature
11.7.5. Low Temperature Thermochromic Composite Materials
11.7.6. High Temperature Thermochromic Composite Materials
11.7.7. By Materials
11.7.8. Organic
11.7.9. Inorganic
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Thermochromic Composite Materials Demand Share, 2019-2026
12. Asia Pacific Thermochromic Composite Materials Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Thermochromic Composite Materials Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Thermochromic Composite Materials Market Size and Volume Forecast by Application
12.4.1. Food Quality Indicators
12.4.2. Papers
12.4.3. Pigments
12.4.4. Thermometers
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Thermochromic Composite Materials Market Size and Volume Forecast by Type
12.7.1. By Invertibility
12.7.2. Reversible
12.7.3. Irreversible
12.7.4. By Thermochromic Temperature
12.7.5. Low Temperature Thermochromic Composite Materials
12.7.6. High Temperature Thermochromic Composite Materials
12.7.7. By Materials
12.7.8. Organic
12.7.9. Inorganic
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Thermochromic Composite Materials Demand Share, 2019-2026
13. Middle East & Africa Thermochromic Composite Materials Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Thermochromic Composite Materials Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Thermochromic Composite Materials Market Size and Volume Forecast by Application
13.4.1. Food Quality Indicators
13.4.2. Papers
13.4.3. Pigments
13.4.4. Thermometers
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Thermochromic Composite Materials Market Size and Volume Forecast by Type
13.7.1. By Invertibility
13.7.2. Reversible
13.7.3. Irreversible
13.7.4. By Thermochromic Temperature
13.7.5. Low Temperature Thermochromic Composite Materials
13.7.6. High Temperature Thermochromic Composite Materials
13.7.7. By Materials
13.7.8. Organic
13.7.9. Inorganic
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Thermochromic Composite Materials Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Thermochromic Composite Materials Market: Market Share Analysis
14.2. Thermochromic Composite Materials Distributors and Customers
14.3. Thermochromic Composite Materials Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. SFXC
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Indestructible Paints Limited
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. H.W. Sands Corp.
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Fraunhofer IAP
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Olikrom
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kolortek Co., Ltd.
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. LCR Hallcrest LLC
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Smarol Industry Co. Ltd.
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. New Prismatic Enterprises Co. Ltd. (NCC)
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Shanghai Caison Color Material Chem. Co., Ltd.
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
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