Market Overview:
Thermochromic materials are materials that change color when their temperature changes. The global thermochromic materials market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into reversible thermochromic materials and irreversible thermochromic materials. Reversible thermochromic material changes color when its temperature reverses i.e., from hot to cold or vice versa while irreversible thermochromatic material does not change color even after reversal in temperature. On the basis of application, the market is segmented into pigments, thermostats/thermometers, food quality indicators (FQI), papers & labels printing inkjet media), and others (textile printing). Geographically, the global Thermochromatic Materials Market is divided into North America, Latin America Europe Asia Pacific Middle East & Africa). The global Thermchromatic Materials Market was valued at US$ XX million in 2017 and is projected to reach US$ XX million by 2030 at a CAGR of XX%.
Product Definition:
Thermochromic materials are substances that change color in response to a change in temperature. This can be used to create thermometers, or as a warning system for overheating.
Reversible Thermochromic Materials:
Reversible thermochromism is a property by which the material undergoes reversible change in its physical and chemical properties due to a change in temperature. The most common example of this phenomenon is seen in crystals that are formed from two different kinds of minerals, namely ferroelectric and piezoelectric materials. These crystals have different structures at room temperature but can be made to switch between them by changing the temperature.
Irreversible Thermochromic Materials:
Irreversible thermochromic materials are those materials whose physical or chemical properties change when temperature is applied to it. These irreversible thermochromic materials can be used in various applications such as consumer goods, industrial products, and cosmetics among others. The most common application of this product is through the use of liquid crystals that can be found in devices such as smartphones or tablets among others.
Application Insights:
Pigments were the largest application segment and accounted for over 65.0% of total market revenue in 2017. Pigments are used in paints, plastics, paper coatings, cosmetics, etc., reversible pigments are preferred for industrial applications as they can be applied or removed easily while irreversible pigments do not allow this and require a separate coating to remove them from the object being painted.
Regional Analysis:
North America is expected to be the largest regional market over the forecast period owing to growing demand for thermochromic pigments in various end-use industries such as paints and coatings, plastics, and others. The U.S. accounted for a major share of global revenue in 2017 due to high product adoption in thermometers, food quality indicators, and papers applications.
The Asia Pacific is anticipated to be one of the fastest-growing regions with a CAGR exceeding 6% from 2018 to 2030 owing its increasing use in industrial temperature indicators rather than only medical application which will drive demand over the forecast period.
Growth Factors:
- Increasing demand from end-use industries such as automotive, aerospace, and construction
- Growing awareness about the benefits of thermochromic materials among consumers
- Rising R&D expenditure by leading players to develop innovative products
- Proliferation of online retail platforms that offer a wide range of thermochromic materials products
- Growing number of collaborations and partnerships between key players in the market
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermochromic Materials Market Research Report
By Type
Reversible Thermochromic Materials, Irreversible Thermochromic Materials
By Application
Pigments, Thermometers, Food Quality Indicators, Papers, Others
By Companies
LCR Hallcrest, QCR Solutions, Gem'innov, Chromatic Technologies
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
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Thermochromic Materials Market Report Segments:
The global Thermochromic Materials market is segmented on the basis of:
Types
Reversible Thermochromic Materials, Irreversible Thermochromic Materials
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
Pigments, Thermometers, Food Quality Indicators, Papers, 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:
- LCR Hallcrest
- QCR Solutions
- Gem'innov
- Chromatic Technologies
Highlights of The Thermochromic 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:
- Reversible Thermochromic Materials
- Irreversible Thermochromic Materials
- By Application:
- Pigments
- Thermometers
- Food Quality Indicators
- Papers
- 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 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 materials are materials that change color when heated or cooled.
Some of the major players in the thermochromic materials market are LCR Hallcrest, QCR Solutions, Gem'innov, Chromatic Technologies.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Thermochromic 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 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 Materials Market - Supply Chain
4.5. Global Thermochromic Materials Market Forecast
4.5.1. Thermochromic Materials Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Thermochromic Materials Market Size (000 Units) and Y-o-Y Growth
4.5.3. Thermochromic Materials Market Absolute $ Opportunity
5. Global Thermochromic 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 Materials Market Size and Volume Forecast by Type
5.3.1. Reversible Thermochromic Materials
5.3.2. Irreversible Thermochromic Materials
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Thermochromic 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 Materials Market Size and Volume Forecast by Application
6.3.1. Pigments
6.3.2. Thermometers
6.3.3. Food Quality Indicators
6.3.4. Papers
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Thermochromic 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 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 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 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 Materials Demand Share Forecast, 2019-2026
9. North America Thermochromic 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 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 Materials Market Size and Volume Forecast by Application
9.4.1. Pigments
9.4.2. Thermometers
9.4.3. Food Quality Indicators
9.4.4. Papers
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 Materials Market Size and Volume Forecast by Type
9.7.1. Reversible Thermochromic Materials
9.7.2. Irreversible Thermochromic Materials
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 Materials Demand Share Forecast, 2019-2026
10. Latin America Thermochromic 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 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 Materials Market Size and Volume Forecast by Application
10.4.1. Pigments
10.4.2. Thermometers
10.4.3. Food Quality Indicators
10.4.4. Papers
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 Materials Market Size and Volume Forecast by Type
10.7.1. Reversible Thermochromic Materials
10.7.2. Irreversible Thermochromic Materials
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 Materials Demand Share Forecast, 2019-2026
11. Europe Thermochromic 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 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 Materials Market Size and Volume Forecast by Application
11.4.1. Pigments
11.4.2. Thermometers
11.4.3. Food Quality Indicators
11.4.4. Papers
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 Materials Market Size and Volume Forecast by Type
11.7.1. Reversible Thermochromic Materials
11.7.2. Irreversible Thermohromic Materials
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 Materials Demand Share, 2019-2026
12. Asia Pacific Thermochromic 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 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 Materials Market Size and Volume Forecast by Application
12.4.1. Pigments
12.4.2. Thermometers
12.4.3. Food Quality Indicators
12.4.4. Papers
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 Materials Market Size and Volume Forecast by Type
12.7.1. Reversible Thermochromic Materials
12.7.2. Irreversible Thermochromic Materials
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 Materials Demand Share, 2019-2026
13. Middle East & Africa Thermochromic 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 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 Materials Market Size and Volume Forecast by Application
13.4.1. Pigments
13.4.2. Thermometers
13.4.3. Food Quality Indicators
13.4.4. Papers
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 Materials Market Size and Volume Forecast by Type
13.7.1. Reversible Thermochromic Materials
13.7.2. Irreversible Thermochromic Materials
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 Materials Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Thermochromic Materials Market: Market Share Analysis
14.2. Thermochromic Materials Distributors and Customers
14.3. Thermochromic Materials Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. LCR Hallcrest
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. QCR Solutions
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Gem'innov
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Chromatic Technologies
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. COMPANY5
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
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
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
