Thermochromic Materials Market By Type (Reversible & Irreversible), By Application (Food quality indicators, Papers, Pigments, Thermometers and Others) and Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) - Growth, Future Prospects and Competitive Analysis, 2017 - 2025

Thermochromic materials change reversibly with changes in temperature. Using metal compounds or liquid crystals they can be made as semi- conductor compounds. The change in color happens at a determined temperature, which can be varied fixing the material. On the basis of product type the global thermochromic market can be segmented into irreversible and reversible materials. Reversible materials is preferred over the irreversible materials. They do not have the ability to return to their original state therefore are widely used in baby products and chemical containers market. 

Rising demand for thermochromic materials in food quality indicators and growing use of thermochromic pigments in paints & coatings and inks is projected to drive the market over the next six years. Furthermore, rise in demand for thermochromic material in novelty products is another factor driving the market growth. The use of reversible thermochromic materials in sensors and baby products is projected to enhance the market growth over the forecast period.

Reversible technology is preferred more when compared with irreversible technology. However, to attain reversibility along with maintaining stability is a complicated process, which is the major factor restraining the market growth.

By applications, pigments accounts for the major share of the global thermochromic materials market. The market is witnessing growth on account of their improved performance characteristics and high versatility. Moreover, owing to increasing awareness about the pigments, the military equipment manufacturers are also using these pigments for camouflaging their sensitive devices. To determine the quality of frozen foods and meat the usage of thermochromic materials as food quality indicators is projected to bolster the market demand over the forecast period.

Asia Pacific is projected to be the most attractive market on account of rising demand for thermochromic materials from the textile and automotive industry. The market for thermochromic materials in North America is driven by the rising demand for these pigments from the printing and packaging applications. 

Thermochromic Materials Market

The report titled “Global Thermochromic Materials Market - Growth, Future Prospects, and Competitive Analysis, 2017 – 2025” offers strategic insights into the global thermochromic materials market along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of multiple market segments based on type, application and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

In order to help the strategic decision makers, the report also includes profiles of the leading thermochromic materials manufacturers, along with their, product portfolio and key developments. Other in-depth analysis provided in the report includes: 

  • Current and future market trends to justify the forthcoming attractive markets within the thermochromic materials industry
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Trailing 2-Year market size data (2015 – 2016)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global thermochromic materials market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above mentioned factors.

The global thermochromic materials market can be categorized on the basis of application as:

  • Pigments
  • Thermometers
  • Food Quality Indicators
  • Papers
  • Others

 

Thermochromic Materials Market

By application, pigments accounted for the largest share of the global market and projected to maintain its dominance over the forecast period. The market is driven by their improved performance characteristics and high versatility. These pigments are frequently used in paints and inks, which are used as a substrates to manufacture consumer goods. Pigments have helped develop infrared camouflage for military assets and other functional areas. Furthermore, the growing demand in the textile industry is another factor which will contribute towards the market growth. Reversible thermochromic materials are often used to determine the quality of the frozen foods which is projected to complement the product demand over the forecast period. To promote the need for solar management options for architectural and construction applications thermochromic pigments are being utilized to manufacture windows, and walls to imparts color changing and heat controlling abilities.

The global thermochromic materials market can be categorized on the basis of regions as:

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa (MEA)
    • GCC Countries
    • Rest of MEA

 Thermochromic Materials Market

Asia Pacific is projected to be the most lucrative market over the forecast period on account of rise in demand for thermochromic pigments in the textile industry for the manufacturing of novelty products and automobile industry. In the North America, the market is driven by the rise in demand for thermochromic pigments for printing applications. The use of these pigments in inks for screen printing and flexographic is projected to be the key aspects for the growth of the market. In the European countries, the demand for thermochromic food quality indicators, to determine the quality of dairy products and frozen meat is projected to be the key factor driving the market growth in the region.

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Published Date:  Oct 2017
Category:  Advanced Materials
Report ID:   58769
Report Format:   PDF
Pages:   120
Rating:    4.4 (65)
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