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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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- Matsui Color
- NanoMatrix International Limited
- New Color Chemical Limited
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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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