Superior properties of thermochromic materials leading to its greater consumption in the niche applications especially medical applications across the world is one of the major factors driving the market.
Irreversible is predicted to be the fastest-growing segment owing to its increased use in security inks, packaging, and other coating applications as they change appearance when exposed to diverse temperatures.
The printing & coating is accounted for the largest market share and is also expected to be the fastest-growing segment during the forecast period, owing to significant increase in the demand for thermal paper for POS systems. Thermochromic materials market is quite attractive for interactive packaging that encourages consumers to take a product off the shelf and use it.
Other including packaging, textile, medical, and industrial segments are likely to witness tremendous growth opportunities. Technological advancements and innovations in the defense & security equipment such as body armors & helmets and vehicle & aircraft are the major contributors for the growth of the respective segments.
Europe is estimated to hold the largest share, in terms of value, in 2018, attributed to the increasing demand from the packaging and printing & coating end-use industries. Rapid growth in countries of Western Europe, including France and UK for smart packaging is fueling the demand for thermochromic materials.
OliKrom (France), LCR Hallcrest (US), Chromatic Technologies (CTI) (US), Matsui International Company (US), New Prisematic Enterprise (Taiwan), Smarol Industry (China), GEM'INNOV (France), Hali Industrial (China), Kolorjet (India), and Kolortek (China) are some of the players operating in the market.
Key Questions Addressed by the Report
· Are there any upcoming hot bets for the thermochromic materials market?
· How are the market dynamics for different materials of thermochromic materials?
· What are the upcoming opportunities for different material segments of the thermochromic materials market in emerging economies?
· What are the significant trends in end-use industries influencing the thermochromic materials market?
· Who are the major manufacturers of thermochromic materials?
What are the factors governing the thermochromic materials market in each region?
1.1. Market Definition
1.2. Study Scope
1.3. Study Period
1.4. Market Stakeholders
2. Research Methodology
2.1. Secondary Research
2.2. Primary Research
2.3. Research Design
2.4. Data Validation
2.5. Limitations and Assumptions
3. Market Dynamics
3.1.1.Growing Demand in Smart Packaging Application
3.1.2.Increased Demand For Product Differentiation and Improved Appearance of Products
3.2.1.Shortage of Leuco Dyes in China
3.2.2.Higher Cost Than That of Conventional Inks and Colorants
3.2.3.Poor Light Fastness Properties
3.3.1.Increasing Demand in Niche and Newer Applications
4. Executive Summary
5. Thermochromic Materials Market, By Type
6. Thermochromic Materials Market, By Component
6.1. Leuco Dyes
6.2. Liquid Crystals
7. Thermochromic Materials Market, By End-User
7.2. Printing & Coating
8. Thermochromic Materials Market, By Region
8.1. North America
8.2.6.Rest of Europe
8.3. Asia Pacific
8.3.5.Rest of APAC
8.4. Rest of Middle East & Africa
8.4.3.Rest of MEA
8.5. South America
8.5.3.Rest of South America
9. Company Profiles
9.2. LCR HalLcrest
9.3. Chromatic Technologies
9.4. Matsui International Company
9.5. New Prisematic Enterprise
9.9. Smarol Industry
9.10. Hali Industrial
9.11. Other Companies
9.12. Fx Pigments
9.13. N.C.C-New Color Chemical
9.14. Moving Colors
9.15. Good Life Innovations
*Company introduction, financial information, recent developments, SWOT analysis
10. Conclusion and Recommendations
11.2. Related Reports