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Thermochromic Pigments Market Share, Size, Trends, Industry Analysis Report, By Type (Reversible, Irreversible); By Application; By End-Use; By Region; Segment Forecast, 2023 - 2032
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The global thermochromic pigments market size is expected to reach USD 2,727.58 million by 2032, according to a new study by Polaris Market Research. The report "Thermochromic Pigments Market Share, Size, Trends, Industry Analysis Report, By Type (Reversible, Irreversible); By Application; By End-Use; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The increasing preference and demand for colored materials among consumers all over the world and the surge in the trend for personalization of products related to textile and fashion & accessories industries, along with the surging popularity of products because of their remarkable reciprocity of colors and effects on different mediums, are among the major prominent factors of the market driving the product need and demand for the product at an exponential pace.
Additionally, there has been a rising prevalence among major companies manufacturing products worldwide towards developing more enhanced and improved pigments with innovative characteristics and meeting the emerging consumer demands from the world, which, in turn, propels the overall market growth extensively.
With the significant growth in various industries around the world, the need and demand for more precise and advanced technologies and more improved pigments has grown drastically; thereby, researchers have been increasing their focus towards the development of thermochromic pigments with even more precise temperature sensitivity that could result in pigments that change color at very specific temperature thresholds, and opening up new applications in fields like medical devices and industrial processes.
In the last few years, the ability of the product to easily customize the color-change properties has become more accessible, as it allows for personalized products and branding opportunities that are very crucial in various industries, especially in the cosmetics and promotional products industries, which have paved the way for greater adoption of product worldwide.
Thermochromic Pigments Market Report Highlights
Reversible segment accounted for a substantial market share, owing to their wide applications in products like emergency signs and firefighting equipment
The inks segment held a significant market share, which is mainly driven by the widespread use of products in printing inks to create high-quality and long-lasting printed text
The packaging segment will grow at the highest growth rate, mainly due to the drastic increase in the packaging industry and a growing number of innovations in packaging technologies
North America dominated the global market on account of the presence of some of the leading market companies and a large number base with higher spending capacity
The key market players include Hammer Packaging Corporation, New Color Chemical Limited, QCR Solutions Corporation, RPM International, and Hali Pigment Co.
Polaris Market Research has segmented the thermochromic pigments market report based on type, application, end-use, and region:
Thermochromic Pigments, Type Outlook (Revenue - USD Million, 2023 - 2032)
Thermochromic Pigments, Application Outlook (Revenue - USD Million, 2023 - 2032)
Plastics & Polymers
Paints & Coating
Fabrics
Inks
Cosmetics
Textiles
Electronics
Thermochromic Pigments, End-Use Outlook (Revenue - USD Million, 2023 - 2032)
Automotive
Aerospace
Packaging
Consumer Goods
Building & Construction
Thermochromic Pigments, Regional Outlook (Revenue - USD Million, 2023 - 2032)
North America
U.S.
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
3. Research Methodology
3.1. Overview
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Thermochromic Pigments Market Insights
4.1. Thermochromic Pigments Market - End Use Snapshot
4.2. Thermochromic Pigments Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. The rising use of specialty pigments in flexible packaging is driving market growth
4.2.1.2. Increased focus on energy-efficient technologies
4.2.2. Restraints and Challenges
4.2.2.1. Sensitivity to UV light and fading
4.3. Porter's Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTEL Analysis
4.5. Thermochromic Pigments Market End Use Trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Thermochromic Pigments Market, by Application
5.1. Key Findings
5.2. Introduction
5.2.1. Global Thermochromic Pigments Market, by Application, 2019-2032 (USD Billion)
5.3. Plastics & Polymers
5.3.1. Global Thermochromic Pigments Market, by Plastics & Polymers, by Region, 2019-2032 (USD Billion)
5.4. Paints & Coating
5.4.1. Global Thermochromic Pigments Market, by Paints & Coating, by Region, 2019-2032 (USD Billion)
5.5. Fabrics
5.5.1. Global Thermochromic Pigments Market, by Fabrics, by Region, 2019-2032 (USD Billion)
5.6. Inks
5.6.1. Global Thermochromic Pigments Market, by Inks, by Region, 2019-2032 (USD Billion)
5.7. Cosmetics
5.7.1. Global Thermochromic Pigments Market, by Cosmetics, by Region, 2019-2032 (USD Billion)
5.8. Textiles
5.8.1. Global Thermochromic Pigments Market, by Textiles, by Region, 2019-2032 (USD Billion)
5.9. Electronics
5.9.1. Global Thermochromic Pigments Market, by Electronics, by Region, 2019-2032 (USD Billion)
6. Global Thermochromic Pigments Market, by Type
6.1. Key Findings
6.2. Introduction
6.2.1. Global Thermochromic Pigments Market, by Type, 2019-2032 (USD Billion)
6.3. Reversible
6.3.1. Global Thermochromic Pigments Market, by Reversible, by Region, 2019-2032 (USD Billion)
6.4. Irreversible
6.4.1. Global Thermochromic Pigments Market, by Irreversible, by Region, 2019-2032 (USD Billion)
7. Global Thermochromic Pigments Market, by End Use
7.1. Key Findings
7.2. Introduction
7.2.1. Global Thermochromic Pigments Market, by End Use, 2019-2032 (USD Billion)
7.3. Automotive
7.3.1. Global Thermochromic Pigments Market, by Automotive, By Region, 2019-2032 (USD Billion)
7.4. Aerospace
7.4.1. Global Thermochromic Pigments Market, by Aerospace, By Region, 2019-2032 (USD Billion)
7.5. Packaging
7.5.1. Global Thermochromic Pigments Market, by Online Stores, By Region, 2019-2032 (USD Billion)
7.6. Consumer Goods
7.6.1. Global Thermochromic Pigments Market, by Consumer Goods, By Region, 2019-2032 (USD Billion)
7.7. Building & Construction
7.7.1. Global Thermochromic Pigments Market, by Building & Construction, By Region, 2019-2032 (USD Billion)
8. Global Thermochromic Pigments Market, by Geography
8.1. Key findings
8.2. Introduction
8.2.1. Thermochromic Pigments Market Assessment, By Geography, 2019-2032 (USD Billion)
8.3. Thermochromic Pigments Market - North America
8.3.1. North America: Thermochromic Pigments Market, by Application, 2019-2032 (USD Billion)
8.3.2. North America: Thermochromic Pigments Market, by End Use, 2019-2032 (USD Billion)
8.3.3. North America: Thermochromic Pigments Market, by Type, 2019-2032 (USD Billion)
8.3.4. Thermochromic Pigments Market - U.S.
8.3.4.1. U.S.: Thermochromic Pigments Market, by Application, 2019-2032 (USD Billion)
8.3.4.2. U.S.: Thermochromic Pigments Market, by End Use, 2019-2032 (USD Billion)
8.3.4.3. U.S.: Thermochromic Pigments Market, by Type, 2019-2032 (USD Billion)
8.3.5. Thermochromic Pigments Market - Canada
8.3.5.1. Canada: Thermochromic Pigments Market, by Application, 2019-2032 (USD Billion)
8.3.5.2. Canada.: Thermochromic Pigments Market, by End Use, 2019-2032 (USD Billion)
8.3.5.3. Canada: Thermochromic Pigments Market, by Type, 2019-2032 (USD Billion)
8.4. Thermochromic Pigments Market - Europe
8.4.1. Europe: Thermochromic Pigments Market, by Application, 2019-2032 (USD Billion)
8.4.2. Europe.: Thermochromic Pigments Market, by End Use, 2019-2032 (USD Billion)
8.4.3. Europe: Thermochromic Pigments Market, by Type, 2019-2032 (USD Billion)
8.4.4. Thermochromic Pigments Market - UK
8.4.4.1. UK: Thermochromic Pigments Market, by Application, 2019-2032 (USD Billion)
8.4.4.2. UK.: Thermochromic Pigments Market, by End Use, 2019-2032 (USD Billion)
8.4.4.3. UK: Thermochromic Pigments Market, by Type, 2019-2032 (USD Billion)
8.4.5. Thermochromic Pigments Market - France
8.4.5.1. France: Thermochromic Pigments Market, by Application, 2019-2032 (USD Billion)
8.4.5.2. France.: Thermochromic Pigments Market, by End Use, 2019-2032 (USD Billion)
8.4.5.3. France: Thermochromic Pigments Market, by Type, 2019-2032 (USD Billion)
8.4.6. Thermochromic Pigments Market - Germany
8.4.6.1. Germany: Thermochromic Pigments Market, by Application, 2019-2032 (USD Billion)
8.4.6.2. Germany.: Thermochromic Pigments Market, by End Use, 2019-2032 (USD Billion)
8.4.6.3. Germany: Thermochromic Pigments Market, by Type, 2019-2032 (USD Billion)
8.4.7. Thermochromic Pigments Market - Italy
8.4.7.1. Italy: Thermochromic Pigments Market, by Application, 2019-2032 (USD Billion)
8.4.7.2. Italy.: Thermochromic Pigments Market, by End Use, 2019-2032 (USD Billion)
8.4.7.3. Italy: Thermochromic Pigments Market, by Type, 2019-2032 (USD Billion)
8.4.8. Thermochromic Pigments Market - Spain
8.4.8.1. Spain: Thermochromic Pigments Market, by Application, 2019-2032 (USD Billion)
8.4.8.2. Spain.: Thermochromic Pigments Market, by End Use, 2019-2032 (USD Billion)
8.4.8.3. Spain: Thermochromic Pigments Market, by Type, 2019-2032 (USD Billion)
8.4.9. Thermochromic Pigments Market - Netherlands
8.4.9.1. Netherlands: Thermochromic Pigments Market, by Application, 2019-2032 (USD Billion)
8.4.9.2. Netherlands.: Thermochromic Pigments Market, by End Use, 2019-2032 (USD Billion)
8.4.9.3. Netherlands: Thermochromic Pigments Market, by Type, 2019-2032 (USD Billion)
8.4.10. Thermochromic Pigments Market - Russia
8.4.10.1. Russia: Thermochromic Pigments Market, by Application, 2019-2032 (USD Billion)
8.4.10.2. Russia.: Thermochromic Pigments Market, by End Use, 2019-2032 (USD Billion)
8.4.10.3. Russia: Thermochromic Pigments Market, by Type, 2019-2032 (USD Billion)
8.5. Thermochromic Pigments Market - Asia Pacific
8.5.1. Asia Pacific: Thermochromic Pigments Market, by Application, 2019-2032 (USD Billion)
8.5.2. Asia Pacific.: Thermochromic Pigments Market, by End Use, 2019-2032 (USD Billion)
8.5.3. Asia Pacific: Thermochromic Pigments Market, by Type, 2019-2032 (USD Billion)
8.5.4. Thermochromic Pigments Market - China
8.5.4.1. China: Thermochromic Pigments Market, by Application, 2019-2032 (USD Billion)
8.5.4.2. China.: Thermochromic Pigments Market, by End Use, 2019-2032 (USD Billion)
8.5.4.3. China: Thermochromic Pigments Market, by Type, 2019-2032 (USD Billion)
8.5.5. Thermochromic Pigments Market - India
8.5.5.1. India: Thermochromic Pigments Market, by Application, 2019-2032 (USD Billion)
8.5.5.2. India.: Thermochromic Pigments Market, by End Use, 2019-2032 (USD Billion)
8.5.5.3. India: Thermochromic Pigments Market, by Type, 2019-2032 (USD Billion)
8.5.6. Thermochromic Pigments Market - Malaysia
8.5.6.1. Malaysia: Thermochromic Pigments Market, by Application, 2019-2032 (USD Billion)
8.5.6.2. Malaysia.: Thermochromic Pigments Market, by End Use, 2019-2032 (USD Billion)
8.5.6.3. Malaysia: Thermochromic Pigments Market, by Type, 2019-2032 (USD Billion)
8.5.7. Thermochromic Pigments Market - Japan
8.5.7.1. Japan: Thermochromic Pigments Market, by Application, 2019-2032 (USD Billion)
8.5.7.2. Japan.: Thermochromic Pigments Market, by End Use, 2019-2032 (USD Billion)
8.5.7.3. Japan: Thermochromic Pigments Market, by Type, 2019-2032 (USD Billion)
8.5.8. Thermochromic Pigments Market - Indonesia
8.5.8.1. Indonesia: Thermochromic Pigments Market, by Application, 2019-2032 (USD Billion)
8.5.8.2. Indonesia.: Thermochromic Pigments Market, by End Use, 2019-2032 (USD Billion)
8.5.8.3. Indonesia: Thermochromic Pigments Market, by Type, 2019-2032 (USD Billion)
8.5.9. Thermochromic Pigments Market - South Korea
8.5.9.1. South Korea: Thermochromic Pigments Market, by Application, 2019-2032 (USD Billion)
8.5.9.2. South Korea.: Thermochromic Pigments Market, by End Use, 2019-2032 (USD Billion)
8.5.9.3. South Korea: Thermochromic Pigments Market, by Type, 2019-2032 (USD Billion)
8.6. Thermochromic Pigments Market - Middle East & Africa
8.6.1. Middle East & Africa: Thermochromic Pigments Market, by Application, 2019-2032 (USD Billion)
8.6.2. Middle East & Africa.: Thermochromic Pigments Market, by End Use, 2019-2032 (USD Billion)
8.6.3. Middle East & Africa: Thermochromic Pigments Market, by Type, 2019-2032 (USD Billion)
8.6.4. Thermochromic Pigments Market - Saudi Arabia
8.6.4.1. Saudi Arabia: Thermochromic Pigments Market, by Application, 2019-2032 (USD Billion)
8.6.4.2. Saudi Arabia.: Thermochromic Pigments Market, by End Use, 2019-2032 (USD Billion)
8.6.4.3. Saudi Arabia: Thermochromic Pigments Market, by Type, 2019-2032 (USD Billion)
8.6.5. Thermochromic Pigments Market - UAE
8.6.5.1. UAE: Thermochromic Pigments Market, by Application, 2019-2032 (USD Billion)
8.6.5.2. UAE.: Thermochromic Pigments Market, by End Use, 2019-2032 (USD Billion)
8.6.5.3. UAE: Thermochromic Pigments Market, by Type, 2019-2032 (USD Billion)
8.6.6. Thermochromic Pigments Market - Israel
8.6.6.1. Israel: Thermochromic Pigments Market, by Application, 2019-2032 (USD Billion)
8.6.6.2. Israel.: Thermochromic Pigments Market, by End Use, 2019-2032 (USD Billion)
8.6.6.3. Israel: Thermochromic Pigments Market, by Type, 2019-2032 (USD Billion)
8.6.7. Thermochromic Pigments Market - South Africa
8.6.7.1. South Africa: Thermochromic Pigments Market, by Application, 2019-2032 (USD Billion)
8.6.7.2. South Africa.: Thermochromic Pigments Market, by End Use, 2019-2032 (USD Billion)
8.6.7.3. South Africa: Thermochromic Pigments Market, by Type, 2019-2032 (USD Billion)
8.7. Thermochromic Pigments Market - Latin America
8.7.1. Latin America: Thermochromic Pigments Market, by Application, 2019-2032 (USD Billion)
8.7.2. Latin America.: Thermochromic Pigments Market, by End Use, 2019-2032 (USD Billion)
8.7.3. Latin America: Thermochromic Pigments Market, by Type, 2019-2032 (USD Billion)
8.7.4. Thermochromic Pigments Market - Mexico
8.7.4.1. Mexico: Thermochromic Pigments Market, by Application, 2019-2032 (USD Billion)
8.7.4.2. Mexico.: Thermochromic Pigments Market, by End Use, 2019-2032 (USD Billion)
8.7.4.3. Mexico: Thermochromic Pigments Market, by Type, 2019-2032 (USD Billion)
8.7.5. Thermochromic Pigments Market - Brazil
8.7.5.1. Brazil: Thermochromic Pigments Market, by Application, 2019-2032 (USD Billion)
8.7.5.2. Brazil.: Thermochromic Pigments Market, by End Use, 2019-2032 (USD Billion)
8.7.5.3. Brazil: Thermochromic Pigments Market, by Type, 2019-2032 (USD Billion)
8.7.6. Thermochromic Pigments Market - Argentina
8.7.6.1. Argentina: Thermochromic Pigments Market, by Application, 2019-2032 (USD Billion)
8.7.6.2. Argentina.: Thermochromic Pigments Market, by End Use, 2019-2032 (USD Billion)
8.7.6.3. Argentina: Thermochromic Pigments Market, by Type, 2019-2032 (USD Billion)
9. Competitive Landscape
9.1. Expansion and Acquisition Analysis
9.1.1. Expansion
9.1.2. Acquisitions
9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
10.1. 3M
10.1.1. Company Overview
10.1.2. Financial Performance
10.1.3. Product Benchmarking
10.1.4. Recent Development
10.2. Clariant
10.2.1. Company Overview
10.2.2. Financial Performance
10.2.3. Product Benchmarking
10.2.4. Recent Development
10.3. CTI and Flint Group
10.3.1. Company Overview
10.3.2. Financial Performance
10.3.3. Product Benchmarking
10.3.4. Recent Development
10.4. Devine Chemicals Ltd.
10.4.1. Company Overview
10.4.2. Financial Performance
10.4.3. Product Benchmarking
10.4.4. Recent Development
10.5. Hali Pigment Co. Ltd.
10.5.1. Company Overview
10.5.2. Financial Performance
10.5.3. Product Benchmarking
10.5.4. Recent Development
10.6. Hammer Packaging Corporation
10.6.1. Company Overview
10.6.2. Financial Performance
10.6.3. Product Benchmarking
10.6.4. Recent Development
10.7. LCR Hallcrest LLC
10.7.1. Company Overview
10.7.2. Financial Performance
10.7.3. Product Benchmarking
10.7.4. Recent Development
10.8. Matsui Color
10.8.1. Company Overview
10.8.2. Financial Performance
10.8.3. Product Benchmarking
10.8.4. Recent Development
10.9. NanoMatrix International Limited
10.9.1. Company Overview
10.9.2. Financial Performance
10.9.3. Product Benchmarking
10.9.4. Recent Development
10.10. New Color Chemical Limited
10.10.1. Company Overview
10.10.2. Financial Performance
10.10.3. Product Benchmarking
10.10.4. Recent Development
10.11. Olikrom
10.11.1. Company Overview
10.11.2. Financial Performance
10.11.3. Product Benchmarking
10.11.4. Recent Development
10.12. QCR Solutions Corporation
10.12.1. Company Overview
10.12.2. Financial Performance
10.12.3. Product Benchmarking
10.12.4. Recent Development
10.13. RPM International Inc.
10.13.1. Company Overview
10.13.2. Financial Performance
10.13.3. Product Benchmarking
10.13.4. Recent Development
10.14. Smarol Industry Co. Ltd.
10.14.1. Company Overview
10.14.2. Financial Performance
10.14.3. Product Benchmarking
10.14.4. Recent Development
10.15. Special Effects and Coatings
10.15.1. Company Overview
10.15.2. Financial Performance
10.15.3. Product Benchmarking
10.15.4. Recent Development
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