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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.

 

REPORT FEATURES DETAILS
Base Year 2020
Historical Period 2016-2020
Forecast Period 2021-2026
Scope of the Report Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Material, End Use, Region
Breakup by Type Reversible, Irreversible
Breakup by Material Leuco Dyes, Liquid Crystals, Pigments, Others
Breakup by End Use Packaging, Printing & Coating , Medical, Textile, Industrial, Others
Breakup by Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa
Market Dynamics SWOT, Porter's Five Forces, EMR’s Key Indicators for Price and Demand
Price Analysis Historical and Forecast Price Trends- Regional
Competitive Landscape Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications
Companies Covered Olikrom, Good Life Innovations Ltd, Hali Industrial Co. Ltd, Smarol Industrial Co. Ltd., Gem'Innov, Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*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
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Industry Opportunities and Challenges
8    Global Thermochromic Materials Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Thermochromic Materials Historical Market (2016-2020) 
    8.3    Global Thermochromic Materials Market Forecast (2021-2026)
    8.4    Global Thermochromic Materials Market by Type
        8.4.1    Reversible
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2016-2020)
            8.4.1.3    Forecast Trend (2021-2026)
        8.4.2    Irreversible
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2016-2020)
            8.4.2.3    Forecast Trend (2021-2026)
    8.5    Global Thermochromic Materials Market by Material
        8.5.1    Leuco Dyes
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2016-2020)
            8.5.1.3    Forecast Trend (2021-2026)
        8.5.2    Liquid Crystals
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2016-2020)
            8.5.2.3    Forecast Trend (2021-2026)
        8.5.3    Pigments
            8.5.3.1    Market Share
            8.5.3.2    Historical Trend (2016-2020)
            8.5.3.3    Forecast Trend (2021-2026)
        8.5.4    Others
    8.6    Global Thermochromic Materials Market by End Use
        8.6.1    Packaging
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2016-2020)
            8.6.1.3    Forecast Trend (2021-2026)
        8.6.2    Printing and Coating
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2016-2020)
            8.6.2.3    Forecast Trend (2021-2026)
        8.6.3    Medical
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2016-2020)
            8.6.3.3    Forecast Trend (2021-2026)
        8.6.4    Textile
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2016-2020)
            8.6.4.3    Forecast Trend (2021-2026)
        8.6.5    Industrial
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2016-2020)
            8.6.5.3    Forecast Trend (2021-2026)
        8.6.6    Others
    8.7    Global Thermochromic Materials Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2016-2020)
        9.1.2    Forecast Trend (2021-2026)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2016-2020)
        9.2.2    Forecast Trend (2021-2026)
        9.2.3    Breakup by Country
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2016-2020)
        9.3.2    Forecast Trend (2021-2026)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2016-2020)
        9.4.2    Forecast Trend (2021-2026)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2016-2020)
        9.5.2    Forecast Trend (2021-2026)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    EMR’s Key Indicators for Demand
    10.4    EMR’s Key Indicators for Price
11    Value Chain Analysis
12    Competitive Landscape

    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    OliKrom
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Good Life Innovations Ltd.
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Hali Industrial Co. Ltd.
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Smarol Industry Co., Ltd.
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Gem'Innov
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments


Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment


List of Figures and Tables

1.    Global Thermochromic Materials Market: Key Industry Highlights, 2016 and 2026
2.    Global Thermochromic Materials Historical Market: Breakup by Type (USD Billion), 2016-2020
3.    Global Thermochromic Materials Market Forecast: Breakup by Type (USD Billion), 2021-2026
4.    Global Thermochromic Materials Historical Market: Breakup by Material (USD Billion), 2016-2020
5.    Global Thermochromic Materials Market Forecast: Breakup by Material (USD Billion), 2021-2026
6.    Global Thermochromic Materials Historical Market: Breakup by End Use (USD Billion), 2016-2020
7.    Global Thermochromic Materials Market Forecast: Breakup by End Use (USD Billion), 2021-2026
8.    Global Thermochromic Materials Historical Market: Breakup by Region (USD Billion), 2016-2020
9.    Global Thermochromic Materials Market Forecast: Breakup by Region (USD Billion), 2021-2026
10.    North America Thermochromic Materials Historical Market: Breakup by Country (USD Billion), 2016-2020
11.    North America Thermochromic Materials Market Forecast: Breakup by Country (USD Billion), 2021-2026
12.    Europe Thermochromic Materials Historical Market: Breakup by Country (USD Billion), 2016-2020
13.    Europe Thermochromic Materials Market Forecast: Breakup by Country (USD Billion), 2021-2026
14.    Asia Pacific Thermochromic Materials Historical Market: Breakup by Country (USD Billion), 2016-2020
15.    Asia Pacific Thermochromic Materials Market Forecast: Breakup by Country (USD Billion), 2021-2026
16.    Latin America Thermochromic Materials Historical Market: Breakup by Country (USD Billion), 2016-2020
17.    Latin America Thermochromic Materials Market Forecast: Breakup by Country (USD Billion), 2021-2026
18.    Middle East and Africa Thermochromic Materials Historical Market: Breakup by Country (USD Billion), 2016-2020
19.    Middle East and Africa Thermochromic Materials Market Forecast: Breakup by Country (USD Billion), 2021-2026
20.    Global Thermochromic Materials Market Structure

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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