Market Overview:
Thermochromic paint is a type of paint that changes color when it is exposed to a certain temperature. The global thermochromic paint market was valued at US$ XX million in 2017 and is projected to reach US$ XX million by 2030, registering a CAGR of X.X% during the forecast period. The reversible thermochromic pigment segment accounted for the majority share of the global thermochromic paint market in 2017 and is expected to maintain its dominance throughout the forecast period. This can be attributed to its ability to change color reversibly with variations in temperature, which makes it suitable for various applications such as automotive, building and construction, consumer goods, packaging, defense and military among others. Asia Pacific held the dominant position in terms of revenue contribution in 2017 and is anticipated to maintain its lead during the forecast period owing to increasing demand from countries such as China and India.
Product Definition:
Thermochromic Paint is a type of paint that changes color when it is exposed to a certain temperature. It can be used for things such as warning signs or safety equipment.
Reversible Thermochromic Pigment:
Reversible thermochromic pigments are color changing materials that can be reversible by heat or any other suitable means. These pigments are incorporated in different types of products including paints, plastics, inks, and coatings. The most commonly used material is a dye which changes its color when it comes into contact with heat or light; this includes common household items such as t-shirts and socks.
Irreversible Thermochromic Pigment:
Irreversible thermochromic pigments are the type of materials that can be switched from one color to another on temperature change. These pigments are usually made from a combination of plastic and liquid crystal compounds. The most common form of this technology is in cosmetics where it is used in make-up products such as nail polish, lipsticks, eye shadow, etc.
Application Insights:
The automotive segment accounted for the largest revenue share in 2016 and is projected to continue its dominance over the forecast period. Thermochromic pigments are used in paints to change color when temperature changes, leading to a variation in visual appearance. This property allows automotive manufacturers to create different looks for their vehicles by changing the paint applied on different parts of a vehicle¢â‚¬â„¢s bodywork. The building and construction segment is expected to witness significant growth during the forecast period owing solely on account of increasing infrastructure spending across various countries globally, particularly China, India and Japan.
Paints containing thermochromic ingredients have several other applications such as consumer goods packaging which include food containers & beverage cans among others; industrial machinery & equipment; decorative products such as candles; toys including coloring books etc.; advertising including POP displays and billboards among others.
Regional Analysis:
North America dominated the global market in 2017. The growth is attributed to growing demand for thermochromic pigments from various end-use industries such as packaging, consumer goods, and automotive. Increasing use of these paints in industrial and architectural applications is also expected to propel the regional product demand over the forecast period.
The U.S., being a developed economy with high disposable income of consumers and rapid industrialization, has witnessed significant adoption of thermochromic products over the past few years.
Growth Factors:
- Increasing demand from end-use industries: The global thermochromic paint market is witnessing a significant growth due to the increasing demand from end-use industries such as automotive, aerospace, and construction.
- Rising awareness about energy conservation: There is a growing awareness among consumers about the importance of energy conservation and its impact on the environment. This is driving the demand for thermochromic paints that can help in reducing energy consumption.
- Technological advancements: The development of new technologies has led to the introduction of advanced thermochromic paints that are more efficient and offer better performance than traditional products. This is helping to boost the growth of the market worldwide.
- Growing popularity of green buildings: There is an increasing trend towards using green building materials and technologies, which has led to an increase in demand for thermochromic paints that can help in conserving energy and reducing greenhouse gas emissions.. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermochromic Paint Market Research Report
By Type
Reversible Thermochromic Pigment, Irreversible Thermochromic Pigment
By Application
Automotive, Building and Construction, Consumer Goods, Packaging, Defense and Military, Others
By Companies
3M, RPM International, DuPont, OliKrom, Flint Group, Chromatic Technologies, MG Chemicals, NanoMatriX International, Quad
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
205
Number of Tables & Figures
144
Customization Available
Yes, the report can be customized as per your need.
Global Thermochromic Paint Market Report Segments:
The global Thermochromic Paint market is segmented on the basis of:
Types
Reversible Thermochromic Pigment, Irreversible Thermochromic Pigment
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
Automotive, Building and Construction, Consumer Goods, Packaging, Defense and Military, 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:
- 3M
- RPM International
- DuPont
- OliKrom
- Flint Group
- Chromatic Technologies
- MG Chemicals
- NanoMatriX International
- Quad
Highlights of The Thermochromic Paint 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 Pigment
- Irreversible Thermochromic Pigment
- By Application:
- Automotive
- Building and Construction
- Consumer Goods
- Packaging
- Defense and Military
- 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 Paint 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 paint is a type of paint that changes color when the temperature changes.
Some of the major companies in the thermochromic paint market are 3M, RPM International, DuPont, OliKrom, Flint Group, Chromatic Technologies, MG Chemicals, NanoMatriX International, Quad.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermochromic Paint 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 Thermochromic Paint Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermochromic Paint 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 Thermochromic Paint 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 Thermochromic Paint Market Size & Forecast, 2020-2028
4.5.1 Thermochromic Paint Market Size and Y-o-Y Growth
4.5.2 Thermochromic Paint 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 Reversible Thermochromic Pigment
5.2.2 Irreversible Thermochromic Pigment
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 Automotive
6.2.2 Building and Construction
6.2.3 Consumer Goods
6.2.4 Packaging
6.2.5 Defense and Military
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermochromic Paint 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 Thermochromic Paint 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 Reversible Thermochromic Pigment
9.6.2 Irreversible Thermochromic Pigment
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 Automotive
9.10.2 Building and Construction
9.10.3 Consumer Goods
9.10.4 Packaging
9.10.5 Defense and Military
9.10.6 Others
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 Reversible Thermochromic Pigment
10.6.2 Irreversible Thermochromic Pigment
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 Automotive
10.10.2 Building and Construction
10.10.3 Consumer Goods
10.10.4 Packaging
10.10.5 Defense and Military
10.10.6 Others
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 Reversible Thermochromic Pigment
11.6.2 Irreversible Thermochromic Pigment
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 Automotive
11.10.2 Building and Construction
11.10.3 Consumer Goods
11.10.4 Packaging
11.10.5 Defense and Military
11.10.6 Others
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 Reversible Thermochromic Pigment
12.6.2 Irreversible Thermochromic Pigment
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 Automotive
12.10.2 Building and Construction
12.10.3 Consumer Goods
12.10.4 Packaging
12.10.5 Defense and Military
12.10.6 Others
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 Reversible Thermochromic Pigment
13.6.2 Irreversible Thermochromic Pigment
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 Automotive
13.10.2 Building and Construction
13.10.3 Consumer Goods
13.10.4 Packaging
13.10.5 Defense and Military
13.10.6 Others
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 Thermochromic Paint Market: Competitive Dashboard
14.2 Global Thermochromic Paint Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3M
14.3.2 RPM International
14.3.3 DuPont
14.3.4 OliKrom
14.3.5 Flint Group
14.3.6 Chromatic Technologies
14.3.7 MG Chemicals
14.3.8 NanoMatriX International
14.3.9 Quad
