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Global Thermochromic Materials Market: By Type: Reversible, Irreversible; By Material: Leuco Dyes, Liquid Crystals, Pigments, Others; By End Use: Packaging, Printing & Coating, Medical, Textile, Industrial; Regional Analysis; Historical Market and Forecast (2016-2026); Market Dynamics; Competitive Landscape; Industry Events and Developments

Global Thermochromic Materials Market Outlook

The global thermochromic materials market attained a value of USD 1.5 billion in 2020. The thermochromic materials market is further expected to grow in the forecast period of 2021-2026 at a CAGR of around 9.8% to reach around USD 2.6 billion by 2026.

 

Global Thermochromic Materials Market

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Properties and Applications

The thermochromic materials are being used primarily as temperature indicators in many industrial industries, to identify the temperature and reaction temperature variations in chemical reactions, to quantify the temperature distribution of chemical heating devices, for example, heat exchangers and reactors, and also to indicate the variation in temperature in chemical containers and hazardous materials and storages vaults.

 

Global Thermochromic Materials Market by End Use

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Based on type, the thermochromic materials market can be divided into reversible and irreversible.

Based on material, the thermochromic materials market is divided into:

  • Leuco Dyes 
  • Liquid Crystals 
  • Pigments 
  • Others

The industry can be broadly categorised based on the end-use segments into:

  • Packaging 
  • Printing and Coating 
  • Medical 
  • Textile 
  • Industrial 
  • Others

The EMR report looks into the regional markets of thermochromic materials like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

 

Global Thermochromic Materials Market By Region

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Market Analysis

The use of thermochromic materials in protection or camouflaging applications and sensors for practical operations has increased. Due to their quality and durability, they are printed on plastic films through traditional dyes. The technological developments contributed to the launch of energy management films, OLED displays, and flexible electronics. The thermochromic materials are used in these industries, and the growth of these markets are propelling the thermochromic materials market growth further.

Thermochromic materials are used in a wide spectrum of end-use industries, including packaging, printing and coating, medical, automotive, textile, and other applications. The printing and coating segment is the fastest-growing end-use industry of thermochromic products, as the market for thermal paper for POS systems is increasing significantly. Reversible thermochromic type dominates the global market.

 

Competitive Landscape

The report presents a detailed analysis of the following key players in the global thermochromic materials market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

  • Olikrom
  • LCR Hallcrest LLC
  • Good Life Innovations Ltd
  • Hali Industrial Co. Ltd
  • Smarol Industrial Co. Ltd.
  • Gem'Innov
  • Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

1    Preface
    1.1    Objectives of the Study
        1.1.1    Research Objective
        1.1.2    Key Findings of the Report
2    Research Methodology
    2.1    Data Extraction
    2.2    Data Corroboration
    2.3    Market Structure
    2.4    Assumptions
    2.5    Market Models
3    Introduction
    3.1    Market Outlook
    3.2    Market Scope and Segmentation
    3.3    Additional Insights
4    Executive Summary
    4.1    Key Market Developments
    4.2    Market Analysis
    4.3    Key Players
    4.4    Cost Structure
    4.5    Market Revenue and Growth
5    Market Dynamics
    5.1    Market Driver Analysis
    5.2    Market Restraint Analysis
    5.3    Industry Challenges
    5.4    Industry Opportunities
6    Global Thermochromic Materials Market Analysis
    6.1    Figure: Global Thermochromic Materials Historical Market (2016-2020) & Forecast (2021-2026)
    6.2    Chart: Global Thermochromic Materials Market Breakup by Type
        6.2.1    Reversible
        6.2.2    Irreversible
    6.3    Figure: Global Thermochromic Materials Market Breakup by Type: Historical Market (2016-2020) & Forecast (2021-2026)
        6.3.1    Reversible
        6.3.2    Irreversible
    6.4    Chart: Global Thermochromic Materials Market Breakup by Material
        6.4.1    Leuco Dyes 
        6.4.2    Liquid Crystals 
        6.4.3    Pigments 
        6.4.4    Others
    6.5    Figure: Global Thermochromic Materials Market Breakup by Material: Historical Market (2016-2020) & Forecast (2021-2026)
        6.5.1    Leuco Dyes 
        6.5.2    Liquid Crystals 
        6.5.3    Pigments 
        6.5.4    Others   
    6.6    Chart: Global Thermochromic Materials Market by End Use
        6.6.1    Packaging 
        6.6.2    Printing & Coating 
        6.6.3    Medical 
        6.6.4    Textile 
        6.6.5    Industrial 
        6.6.6    Others
    6.7    Figure: Global Thermochromic Materials Market by End Use: Historical Market (2016-2020) & Forecast (2021-2026)
        6.7.1    Packaging 
        6.7.2    Printing & Coating 
        6.7.3    Medical 
        6.7.4    Textile 
        6.7.5    Industrial 
        6.7.6    Others 
    6.8    Chart: Global Thermochromic Materials Market by Region
        6.8.1    North America
            6.8.1.1    United States of America
            6.8.1.2    Canada
        6.8.2    Europe
            6.8.2.1    United Kingdom
            6.8.2.2    Germany
            6.8.2.3    France
            6.8.2.4    Italy
            6.8.2.5    Others
        6.8.3    Asia Pacific
            6.8.3.1    China
            6.8.3.2    India
            6.8.3.3    Japan
            6.8.3.4    ASEAN
            6.8.3.5    Others
        6.8.4    Latin America
            6.8.4.1    Brazil
            6.8.4.2    Argentina
            6.8.4.3    Mexico
            6.8.4.4    Others
        6.8.5    Middle East & Africa
            6.8.5.1    Saudi Arabia
            6.8.5.2    United Arab Emirates
            6.8.5.3    Nigeria
            6.8.5.4    South Africa
            6.8.5.5    Others
    6.9    Figure: Global Thermochromic Materials Market by Region: Historical Market (2016-2020) & Forecast (2021-2026)
        6.9.1    North America
            6.9.1.1    United States of America
            6.9.1.2    Canada
        6.9.2    Europe
            6.9.2.1    United Kingdom
            6.9.2.2    Germany
            6.9.2.3    France
            6.9.2.4    Italy
            6.9.2.5    Others
        6.9.3    Asia Pacific
            6.9.3.1    China
            6.9.3.2    India
            6.9.3.3    Japan
            6.9.3.4    ASEAN
            6.9.3.5    Others
        6.9.4    Latin America
            6.9.4.1    Brazil
            6.9.4.2    Argentina
            6.9.4.3    Mexico
            6.9.4.4    Others
        6.9.5    Middle East & Africa
            6.9.5.1    Saudi Arabia
            6.9.5.2    United Arab Emirates
            6.9.5.3    Nigeria
            6.9.5.4    South Africa
            6.9.5.5    Others
7    Regional Price Analysis
    7.1    North America Historical Price Trends (2016-2020) & Forecast (2021-2026)
    7.2    Europe Historical Price Trends (2016-2020) & Forecast (2021-2026)
    7.3    Asia Pacific Historical Price Trends (2016-2020) & Forecast (2021-2026)
    7.4    Latin America Historical Price Trends (2016-2020) & Forecast (2021-2026)
    7.5    Middle East & Africa Historical Price Trends (2016-2020) & Forecast (2021-2026)
8    SWOT Analysis
    8.1    Overview
    8.2    Strengths
    8.3    Weaknesses
    8.4    Opportunities
    8.5    Threats
9    Porter’s Five Forces Analysis
    9.1    Overview
    9.2    Buyer’s Power
    9.3    Supplier’s Power
    9.4    New Entrants
    9.5    Degree of Rivalry
    9.6    Substitutes
10    EMR’s Key Indicators for Demand
11    EMR’s Key Indicators for Price
12    Competitive Landscape & Supplier Analysis

    12.1    Olikrom
        12.1.1    Company Overview
        12.1.2    Financial Analysis
    12.2    LCR Hallcrest LLC
        12.2.1    Company Overview
        12.2.2    Financial Analysis
    12.3    Good Life Innovations Ltd
        12.3.1    Company Overview
        12.3.2    Financial Analysis
    12.4    Hali Industrial Co. Ltd
        12.4.1    Company Overview
        12.4.2    Financial Analysis
    12.5    Smarol Industrial Co. Ltd.
        12.5.1    Company Overview
        12.5.2    Financial Analysis
    12.6    Gem'Innov
        12.6.1    Company Overview
        12.6.2    Financial Analysis
    12.7    Others
13    Industry Events and Developments

Additional Customization Available:

14    Manufacturing Process
    14.1    Detailed Process Flow
    14.2    Operations Involved
    14.3    Mass Balance
15    Cost Analysis
    15.1    Land, Location and Site Development
    15.2    Construction
    15.3    Plant Machinery
    15.4    Cost of Raw Material
    15.5    Packaging
    15.6    Transportation
    15.7    Utilities
    15.8    Manpower
    15.9    Other Capital Investment

Key Questions Answered in the Report

In 2020, the global thermochromic materials market attained a value of nearly USD 1.5 billion.

The market is projected to grow at a CAGR of 9.8% between 2021 and 2026.

The market is estimated to witness a healthy growth in the forecast period of 2021-2026 to reach about USD 2.6 billion by 2026.

The major drivers of the industry, such as rising disposable incomes, increasing population, rising demand from the end use segments, and growing technological advancements, are expected to aid the market growth.

The key market trend guiding the growth of the thermochromic materials industry includes the launch of energy management films, OLED displays, and flexible electronics.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Reversible segment is the major type of the product in the industry.

Leuco dyes, liquid crystals, and pigments, among others are the significant materials of the product in the market.

Packaging, printing and coating, medical, textile, and industrial, among others, are the major end uses of the product in the industry.

The major players in the industry are Olikrom, LCR Hallcrest LLC, Good Life Innovations Ltd, Hali Industrial Co. Ltd, Smarol Industrial Co. Ltd., and Gem'Innov, among others.

Analyst Review

The global thermochromic materials market attained a value of USD 1.5 billion in 2020, driven by the rising demand from the end use segments. Aided by the growing technological advancements, the market is expected to witness a further growth in the forecast period of 2021-2026, growing at a CAGR of 9.8%. The thermochromic materials market is projected to reach USD 2.6 billion by 2026.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the industry can be segmented into reversible and irreversible, with the reversible segment dominating the market. On the basis of materials, the industry can be divided into leuco dyes, liquid crystals, pigments, and others. By end uses, the industry can be divided into packaging, printing and coating, medical, textile, industrial, and others. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Olikrom, LCR Hallcrest LLC, Good Life Innovations Ltd, Hali Industrial Co. Ltd, Smarol Industrial Co. Ltd., Gem'Innov, and others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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