Market Overview:
The global photochromic material market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for light control materials, sensing applications, printed and recorded media, and other applications. Inorganic photochromic materials are expected to dominate the market during the forecast period owing to their high stability and durability as compared to organic photochromic materials. North America is expected to lead the global photochromic material market during the forecast period owing to technological advancements in this region.
Product Definition:
photochromic material is a type of material that changes color when exposed to light. It can be used in eyeglasses, contact lenses, or sunglasses to help protect the wearer's eyes from the sun.
Organic:
The global organic is used in the photochromic material market as a raw material for manufacturing films and coatings. It has wide application scope in the packaging industry owing to its unique properties such as color reversible nature. The global organic market is expected to witness significant growth over the forecast period on account of increasing demand from end-use industries including packaging, automotive, textiles, construction chemicals among others.
Inorganic:
Inorganic substances are compounds that do not contain carbon. Inorganic substances include metal oxides such as titanium dioxide, iron oxide, and zinc oxide; organic inorganic compounds such as peroxides; and inorganics which are the salts of organic acids. The most important function of an inorganic compound is to provide a framework for the organization of pigment molecules.
Application Insights:
The light control material application segment led the global photochromic material market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for these materials in applications such as building and construction, automotive, electronics, marine and defense industries. In addition, factors such as growing urbanization along with rising environmental concerns regarding plastic waste are expected to drive product demand from 2018 to 2030.
The printed and recorded media application segment was valued at USD 89 million in 2017 owing to high product usage during printing processes of newspapers & magazines along with recording devices used by television channels & radio stations across various regions globally.
Regional Analysis:
North America accounted for the largest share of over 35% in 2017. The region is expected to maintain its lead throughout the forecast period owing to high demand from various application segments, including light control material, sensing applications and printed and recorded media. Rising product adoption in medical devices is also expected to drive industry growth over the coming years.
The Asia Pacific market was estimated at USD X million in 2017 and is projected to grow at a CAGR of XX% during the forecast period on account of rising product penetration across end-use industries such as automotive & transportation, electronics & electricals, packaging & labeling among others. In addition, growing industrialization along with rapid urbanization has resulted into increased demand for consumer products such as mobile phones among other things which further drives industry growth across this region.
Growth Factors:
- Increasing demand for photochromic materials in sunglasses and eyeglasses
- Rising awareness about the benefits of photochromic lenses among consumers
- Growing popularity of outdoor activities and sports, which is fueling demand for photochromic materials
- Technological advancements in the field of photochromism that are resulting in better quality and performance of products made with these materials
- Rising demand from emerging markets such as China and India
Scope Of The Report
Report Attributes
Report Details
Report Title
Photochromic Material Market Research Report
By Type
Organic, Inorganic
By Application
Light Control Material, Sensing Applications, Printed and Recorded Media, Other
By Companies
PPG, Tokuyama Corporation, Mitsui Chemicals, Tokyo Chemical Industry, Milliken Chemical, Yamada Chemical, Medvance, QCR Solutions Corp, Vivimed Labs, James Robinson, FX Pigments, Tianjin Uvos Tech Co.,Ltd, Bloclo
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
126
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Photochromic Material Market Report Segments:
The global Photochromic Material market is segmented on the basis of:
Types
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
Light Control Material, Sensing Applications, Printed and Recorded Media, Other
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:
- PPG
- Tokuyama Corporation
- Mitsui Chemicals
- Tokyo Chemical Industry
- Milliken Chemical
- Yamada Chemical
- Medvance
- QCR Solutions Corp
- Vivimed Labs
- James Robinson
- FX Pigments
- Tianjin Uvos Tech Co.,Ltd
- Bloclo
Highlights of The Photochromic Material 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:
- Organic
- Inorganic
- By Application:
- Light Control Material
- Sensing Applications
- Printed and Recorded Media
- Other
- 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 Photochromic Material 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?
Photochromic material is a type of material that can change color when exposed to light. This allows the material to function as a window film, sunglasses, or other protective device.
Some of the key players operating in the photochromic material market are PPG, Tokuyama Corporation, Mitsui Chemicals, Tokyo Chemical Industry, Milliken Chemical, Yamada Chemical, Medvance, QCR Solutions Corp, Vivimed Labs, James Robinson, FX Pigments, Tianjin Uvos Tech Co.,Ltd, Bloclo.
The photochromic material market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Photochromic Material Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Photochromic Material Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Photochromic Material Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Photochromic Material Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Photochromic Material Market Size & Forecast, 2020-2028
4.5.1 Photochromic Material Market Size and Y-o-Y Growth
4.5.2 Photochromic Material Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Organic
5.2.2 Inorganic
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Light Control Material
6.2.2 Sensing Applications
6.2.3 Printed and Recorded Media
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Photochromic Material Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Photochromic Material Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Organic
9.6.2 Inorganic
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Light Control Material
9.10.2 Sensing Applications
9.10.3 Printed and Recorded Media
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Organic
10.6.2 Inorganic
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Light Control Material
10.10.2 Sensing Applications
10.10.3 Printed and Recorded Media
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Organic
11.6.2 Inorganic
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Light Control Material
11.10.2 Sensing Applications
11.10.3 Printed and Recorded Media
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Organic
12.6.2 Inorganic
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Light Control Material
12.10.2 Sensing Applications
12.10.3 Printed and Recorded Media
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Organic
13.6.2 Inorganic
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Light Control Material
13.10.2 Sensing Applications
13.10.3 Printed and Recorded Media
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Photochromic Material Market: Competitive Dashboard
14.2 Global Photochromic Material Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 PPG
14.3.2 Tokuyama Corporation
14.3.3 Mitsui Chemicals
14.3.4 Tokyo Chemical Industry
14.3.5 Milliken Chemical
14.3.6 Yamada Chemical
14.3.7 Medvance
14.3.8 QCR Solutions Corp
14.3.9 Vivimed Labs
14.3.10 James Robinson
14.3.11 FX Pigments
14.3.12 Tianjin Uvos Tech Co.,Ltd
14.3.13 Bloclo
