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Thermochromic Pigments Market by Type (Reversible Thermochromic Pigments, Irreversible Thermochromic Pigments), and End-use Industry (Printing ink, Textile, Paints and Coatings, Plastic Polymer, Food & Beverages, Paper, Cosmetics, Others): Global Opportunity Analysis and Industry Forecast, 2020–2027

A06536
Pages: 306
Jun 2020 | 453 Views
 
Author(s) : Rutuja Danekar , Eswara Prasad
Tables: 170
Charts: 67
 

COVID-19

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Thermochromic Pigments Market Outlook - 2027

The global thermochromic pigments market size was at $ 428.3 million in 2019, and is projected to reach $595.0 million by 2027, growing at a CAGR of 6.2% from 2020 to 2027. The increased globalization is a key factor in restructuring the pigments industry. A shift in the industry trends has been observed owing to rapid economic growth in India and China. With many countries in Asia-Pacific still being largely rural, the economic growth is set to foster the ongoing urbanization. The growing population in these countries is also expected to boost the demand for urbanization and industrialization. This is expected to augment the demand for pigments in various end-user industries such as plastics, printing inks, construction materials, textile, agriculture, paints & coatings and others

The global thermochromic pigments market is segmented on the basis of type, end-use industry and region. Depending on type, the market is divided into reversible and irreversible thermochromic pigments. On the basis of end-use industry, the global thermochromic pigments market segmented into printing ink, textile, paints and coatings, plastic polymer, food & beverages, paper, cosmetics, and others. Region wise, the thermochromic pigments market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Thermochromic-Pigment--Market-2020-2027

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Major players in the market are OliKrom, QCR Solutions Corp, Matsui Color, Devine Chemicals Ltd, New Color Chemical Limited, CTI and Flint Group, LCR Hallcrest, Hali Industrial co., ltd, KOLORTEK, SMAROL INDUSTRY CO. LTD, and among others. Other companies in accordance with thermochromic pigments market are 3M, Sherwin Williams, Hammer Packaging, Corp., NanoMatriX International Limited, Clariant, Special Effects and Coatings, and others.

Global Thermochromic Pigments Market, by Type

Specialty pigments produce a range of vibrant colors with brilliant luster and have superior hiding power and light-fastness i.e. colorant properties, which makes them ideal for high-performance paints & coatings, plastics, and cosmetics. By type, the reversible thermochromic pigment segment accounted for the largest market share in 2019, and is anticipated to continue this trend during the forecast period. This is attributed to the numerous applications across the packaging industry such as manufacturing polymers and coatings industry. 

Thermochromic Pigments Market
By Type

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Reversible segment is projected as the fastest growing segment.

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The preference for colored materials among consumers has increased the adoption of reversible pigments in printing inks application for effective advertising and product promotion. Moreover, personalization of the product increases the demand for thermochromic pigments market across various industries such as automobile, interior decor, cosmetics and others. These are the major factors that boost the demand for thermochromic pigments market during the forecast period

Global Thermochromic Pigments Market, by End-use Industry

Thermochromic pigments are used in various industries such as paints & coatings, plastics, printings inks, and construction materials among others. They are highly popular due to their remarkable reciprocity of colors and effects on various mediums on which they are dispersed. It alters the color of the reflected or transmitted light by selective absorption, and imparts color to the medium. The global paint and coating industry is expected to witness substantial growth in the future, depicting a positive outlook for the world pigment market. The use of plastic in various end-user industries such as automobile, construction, electronics, healthcare, FMCG, and others has increased rapidly, thereby boosting the demand for pigments in the plastic industry. Printing inks industry is one of the leading application segments of pigments. Moreover, rapid urbanization has increased the construction activities in the emerging economies, which is expected to drive the market for pigments in construction materials application segment.

Thermochromic Pigments Market
By Application

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Paints and Coating segment is projected as the fastest growing segment.

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Printing inks are majorly used in the packaging and publishing industries. The publishing industry includes newspaper, magazine, periodicals, and commercial printings. By type, printing ink expected to hold major share in the global thermochromic market in near future. 

Global Thermochromic Pigments Market, by Region

On the basis of region, North America valued for 34.0% in global thermochromic pigments market share in 2019, holding the largest market share across all regions. This is attributed to the presence of key economies such as U.S., Canada and Mexico in this region, which registered the highest market share in the thermochromic pigments market in 2019.Pigment producers and suppliers have steadily recovered from the economic downturn due to moderated growth in housing industry since 2014. The U.S. population is expected to increase from 321.2 million in 2010 to 338.0 million by 2020, which will increase the demand for housing during the forecast period

Thermochromic Pigments Market
By Region

2027
North America 
Europe
Asia-pacific
Lamea

North America hold major share in global market

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As per the BAFA economic affairs and export control agency, a government discount scheme was launched for electric cars in August 2016 to increase the number of automobile buyers in Germany. In August 2016, Voestalpine Group, which produces ultra-high strength automotive body part, planned to expand its operating business in Bartow County and Georgia, incurring an investment of $50 million. Thus, growing industrial and automotive sectors in Germany have fueled the demand for thermochromic pigments during the forecast period.

Furthermore, Asia-Pacific is a significant market for thermochromic pigment, which is expected to grow at the highest CAGR in terms of both volume and value during the forecast period. The Government of China has invested in various industries, including construction materials (iron, steel & cement), automobiles, textiles, ship building, and others, which are major consumer of pigments.  Thus, pigments production in China has augmented at a faster rate, and is expected to maintain this trend in the next decade.  India’s growing economy is expected to increase industrialization and urbanization over the next few years, which would make it a lucrative market for thermochromic pigment.

Key Benefits For Stakeholders

  • The report provides an in-depth analysis of the thermochromic pigments market forecast along with the current and future thermochromic pigments market trends.

  • This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period.

  • Porter’s five forces analysis helps analyze the potential of the buyers & suppliers and the competitive scenario of the global thermochromic pigments industry for strategy building.

  • A comprehensive thermochromic pigments market analysis covers factors that drive and restrain thermochromic pigments market growth.

  • The qualitative data in this report aims on market dynamics, trends, and developments.

Key Market Segments

By Type

  • Reversible Thermochromic Pigment
  • Irreversible Thermochromic Pigment

By End-use Industry

  • Printing Ink
  • Textile
  • Paints and Coatings
  • Plastic & Polymer
  • Food & Beverages
  • Paper
  • Cosmetic
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • Italy
    • Spain
    • UK
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • South Africa
    • LAMEA
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segments
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study
2.2.Key findings

2.2.1.Top investment pockets

2.3.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Key forces shaping global thermochromic pigment market
3.3.Market dynamics

3.3.1.Drivers
3.3.2.Restraint
3.3.3.Opportunity

3.4.Value Chain Analysis
3.5.Patent Analysis
3.6.Impact of COVID-19
3.6.Impact of Government Regulations on market

CHAPTER 4:GLOBAL THERMOCHROMIC PIGMENTS MARKET, BY TYPE

4.1.Overview

4.1.1.Market size and forecast

4.2.Reversible 

4.2.1.Key market trends, growth factors, and opportunities
4.2.2.Market size and forecast, by region
4.2.3.Market analysis, by country

4.3.Irreversible 

4.3.1.Key market trends, growth factors, and opportunities
4.3.2.Market size and forecast, by region
4.3.3.Market analysis, by country

CHAPTER 5:GLOBAL THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION

5.1.Overview

5.1.1.Market size and forecast

5.2.Printing Ink

5.2.1.Key market trends, growth factors, and opportunities
5.2.2.Market size and forecast, by region
5.2.3.Market analysis, by country

5.3.Textile

5.3.1.Key market trends, growth factors, and opportunities
5.3.2.Market size and forecast, by region
5.3.3.Market analysis, by country

5.4.Plastic & Polymer

5.4.1.Key market trends, growth factors, and opportunities
5.4.2.Market size and forecast, by region
5.4.3.Market analysis, by country

5.5.Food & Beverages

5.5.1.Key market trends, growth factors, and opportunities
5.5.2.Market size and forecast, by region
5.5.3.Market analysis, by country

5.6.Paper

5.6.1.Key market trends, growth factors, and opportunities
5.6.2.Market size and forecast, by region
5.6.3.Market analysis, by country

5.7.Cosmetic

5.7.1.Key market trends, growth factors, and opportunities
5.7.2.Market size and forecast, by region
5.7.3.Market analysis, by country

5.8.Others

5.8.1.Key market trends, growth factors, and opportunities
5.8.2.Market size and forecast, by region
5.8.3.Market analysis, by country

CHAPTER 6:THERMOCHROMIC PIGMENTS MARKET, BY REGION

6.1.Overview

6.1.1.Market size and forecast

6.2.North America

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by Type
6.2.3.Market size and forecast, by application
6.2.4.Market size and forecast, by country
6.2.5.U.S.

6.2.5.1.Market size and forecast, by Type
6.2.5.2.Market size and forecast, by application

6.2.6.Canada

6.2.6.1.Market size and forecast, by Type
6.2.6.2.Market size and forecast, by application

6.2.7.Mexico

6.2.7.1.Market size and forecast, by Type
6.2.7.2.Market size and forecast, by application

6.1.Europe

6.1.1.Key market trends, growth factors, and opportunities
6.1.2.Market size and forecast, by Type
6.1.3.Market size and forecast, by application
6.1.4.Market size and forecast, by country
6.1.5.UK

6.1.5.1.Market size and forecast, by Type
6.1.5.2.Market size and forecast, by application

6.1.6.Germany

6.1.6.1.Market size and forecast, by Type
6.1.6.2.Market size and forecast, by application

6.1.7.France

6.1.7.1.Market size and forecast, by Type
6.1.7.2.Market size and forecast, by application

6.1.8.Spain

6.1.8.1.Market size and forecast, by Type
6.1.8.2.Market size and forecast, by application

6.1.9.Italy

6.1.9.1.Market size and forecast, by Type
6.1.9.2.Market size and forecast, by application

6.1.10.Rest of Europe

6.1.10.1.Market size and forecast, by Type
6.1.10.2.Market size and forecast, by application

6.2.Asia-Pacific

6.2.1.Key market trends, growth factors, and opportunities
6.2.2.Market size and forecast, by Type
6.2.3.Market size and forecast, by application
6.2.4.Market size and forecast, by country
6.2.5.China

6.2.5.1.Market size and forecast, by Type
6.2.5.2.Market size and forecast, by application

6.2.6.India

6.2.6.1.Market size and forecast, by Type
6.2.6.2.Market size and forecast, by application

6.2.7.Indonesia

6.2.7.1.Market size and forecast, by Type
6.2.7.2.Market size and forecast, by application

6.2.8.Thailand

6.2.8.1.Market size and forecast, by Type
6.2.8.2.Market size and forecast, by application

6.2.9.Australia

6.2.9.1.Market size and forecast, by Type
6.2.9.2.Market size and forecast, by application

6.2.10.Rest of Asia-Pacific

6.2.10.1.Market size and forecast, by Type
6.2.10.2.Market size and forecast, by application

6.3.LAMEA

6.3.1.Key market trends, growth factors, and opportunities
6.3.2.Market size and forecast, by Type
6.3.3.Market size and forecast, by application
6.3.4.Market size and forecast, by country
6.3.5.Brazil

6.3.5.1.Market size and forecast, by Type
6.3.5.2.Market size and forecast, by application

6.3.6.Turkey

6.3.6.1.Market size and forecast, by Type
6.3.6.2.Market size and forecast, by application

6.3.7.Iran

6.3.7.1.Market size and forecast, by Type
6.3.7.2.Market size and forecast, by application

6.3.8.Rest of LAMEA

6.3.8.1.Market size and forecast, by Type
6.3.8.2.Market size and forecast, by application

CHAPTER 7:COMPETITIVE LANDSCAPE

7.1.INTRODUCTION

7.1.1.MARKET PLAYER POSITIONING, 2019

7.2.TOP WINNING STRATEGIES

7.2.1.Top winning strategies, by year
7.2.2.Top winning strategies, by development
7.2.3.Top winning strategies, by company

7.3.PRODUCT MAPPING OF TOP 10 PLAYER
7.4.COMPETITIVE HEATMAP
7.5.KEY DEVELOPMENTS

7.5.1.New product launches
7.5.2.Expansions
7.5.3.Other developments

CHAPTER 8:COMPANY PROFILES:

8.1.OliKrom

8.1.1.Company overview
8.1.2.Company snapshot
8.1.3.Operating business segments
8.1.4.Product portfolio
8.1.5.Business performance

8.2.QCR Solutions Corp

8.2.1.Company overview
8.2.2.Company snapshot
8.2.3.Operating business segments
8.2.4.Product portfolio
8.2.5.Business performance
8.2.6.Key strategic moves and developments

8.3.Matsui Color

8.3.1.Company overview
8.3.2.Company snapshot
8.3.3.Operating business segments
8.3.4.Product portfolio
8.3.5.Business performance
8.3.6.Key strategic moves and developments

8.4.Devine Chemicals Ltd. 

8.4.1.Company overview
8.4.2.Company snapshot
8.4.3.Operating business segments
8.4.4.Product portfolio

8.5.New Color Chemical Limited

8.5.1.Company overview
8.5.2.Company snapshot
8.5.3.Operating business segments
8.5.4.Product portfolio
8.5.5.Business performance
8.5.6.Key strategic moves and developments

8.6.CTI and Flint Group

8.6.1.Company overview
8.6.2.Company snapshot
8.6.3.Operating business segments
8.6.4.Product portfolio
8.6.5.Business performance
8.6.6.Key strategic moves and development

8.7.LCR Hallcrest

8.7.1.Company overview
8.7.2.Company snapshot
8.7.3.Operating business segments
8.7.4.Product portfolio
8.7.5.Business performance
8.7.6.Key strategic moves and development

8.8.Hali Industrial co.,ltd

8.8.1.Company overview
8.8.2.Company snapshot
8.8.3.Operating business segments
8.8.4.Product portfolio

8.9.KOLORTEK

8.9.1.Company overview
8.9.2.Company snapshot
8.9.3.Operating business segments
8.9.4.Product portfolio
8.9.5.Business performance
8.9.6.Key strategic moves and developments

8.10.SMAROL INDUSTRY CO. LTD

8.10.1.Company overview
8.10.2.Company snapshot
8.10.3.Operating business segments
8.10.4Product portfolio
8.11.Other Players 

LIST OF TABLES

TABLE 01.GLOBAL THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019–2027 (TONS) 
TABLE 02.GLOBAL THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019–2027($MILLION) 
TABLE 03.GLOBAL REACITVE THERMOCHROMIC PIGMENTS  , BY REGION, 2019-2027 (TONS) 
TABLE 04.GLOBAL REACITVE THERMOCHROMIC PIGMENTS MARKET, BY REGION, 2019-2027 ($MILLION) 
TABLE 05.GLOBAL IRREVERSIBLE  THERMOCHROMIC PIGMENTS, BY REGION, 2019-2027 (TONS) 
TABLE 06.GLOBAL IRREVERSIBLE  THERMOCHROMIC PIGMENTS MARKET, BY REGION, 2019-2027 ($MILLION) 
TABLE 07.GLOBAL PIGMENT THERMOCHROMIC PIGMENTS, BY REGION, 2019-2027 (TONS) 
TABLE 08.GLOBAL PIGMENT THERMOCHROMIC PIGMENTS MARKET, BY REGION, 2019-2027 ($MILLION) 
TABLE 09.GLOBAL THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 (TONS) 
TABLE 10.GLOBAL THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 ($MILLION) 
TABLE 11.GLOBAL THERMOCHROMIC PIGMENTS MARKET, FOR PRINTING INK, BY REGION, 2019–2027 (TONS) 
TABLE 12.GLOBAL THERMOCHROMIC PIGMENTS  MARKET, FOR PRINTING INK, BY REGION, 2019–2027($MILLION) 
TABLE 13.GLOBAL THERMOCHROMIC PIGMENTS MARKET, FOR TEXTILE, BY REGION, 2019–2027 (TONS) 
TABLE 14.GLOBAL THERMOCHROMIC PIGMENTS  MARKET, FOR TEXTILE, BY REGION, 2019–2027($MILLION) 
TABLE 15.GLOBAL THERMOCHROMIC PIGMENTS MARKET, FOR PLASTIC & POLYMER, BY REGION, 2019–2027 (TONS) 
TABLE 16.GLOBAL THERMOCHROMIC PIGMENTS  MARKET, FOR PLASTIC & POLYMER, BY REGION, 2019–2027($MILLION) 
TABLE 17.GLOBAL THERMOCHROMIC PIGMENTS MARKET, FOR FOOD & BEVERAGES, BY REGION, 2019–2027 (TONS) 
TABLE 18.GLOBAL THERMOCHROMIC PIGMENTS  MARKET, FOR FOOD & BEVERAGES, BY REGION, 2019–2027($MILLION) 
TABLE 19.GLOBAL THERMOCHROMIC PIGMENTS  MARKET, FOR PAPER, BY REGION, 2019–2027 (TONS) 
TABLE 20.GLOBAL THERMOCHROMIC PIGMENTS  MARKET, FOR PAPER, BY REGION, 2019–2027($MILLION) 
TABLE 21.GLOBAL THERMOCHROMIC PIGMENTS  MARKET, FOR COSMETICS, BY REGION, 2019–2027(TONS) 
TABLE 22.GLOBAL THERMOCHROMIC PIGMENTS  MARKET, FOR COSMETICS, BY REGION, 2019–2027($MILLION) 
TABLE 23.GLOBAL THERMOCHROMIC PIGMENTS  MARKET, FOR OTHERS, BY REGION, 2019–2027(TONS) 
TABLE 24.GLOBAL THERMOCHROMIC PIGMENTS  MARKET, FOR OTHERS, BY REGION, 2019–2027($MILLION) 
TABLE 25.THERMOCHROMIC PIGMENTS MARKET, BY REGION, 2019-2027 (TONS) 
TABLE 26.THERMOCHROMIC PIGMENTS MARKET, BY REGION, 2019-2027 ($MILLION) 
TABLE 27.NORTH AMERICA THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019–2027 (TONS) 
TABLE 28.NORTH AMERICA THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019-2027 ($MILLION) 
TABLE 29.NORTH AMERICA THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 (TONS) 
TABLE 30.NORTH AMERICA THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 ($MILLION) 
TABLE 31.NORTH AMERICA THERMOCHROMIC PIGMENTS MARKET, BY COUNTRY, 2019–2027 (TONS) 
TABLE 32.NORTH AMERICA THERMOCHROMIC PIGMENTS MARKET, BY COUNTRY, 2019–2027 ($MILLION) 
TABLE 33.U.S. THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019–2027 (TONS) 
TABLE 34.U.S. THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019-2027 ($MILLION) 
TABLE 35.U.S. THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 (TONS) 
TABLE 36.U.S. THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 ($MILLION) 
TABLE 37.CANADA THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019–2027 (TONS) 
TABLE 38.CANADA THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019-2027 ($MILLION) 
TABLE 39.CANADA THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 (TONS) 
TABLE 40.CANADA THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 ($MILLION) 
TABLE 41.MEXICO THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019–2027 (TONS) 
TABLE 42.MEXICO THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019-2027 ($MILLION) 
TABLE 43.MEXICO THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 (TONS) 
TABLE 44.MEXICO THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 ($MILLION) 
TABLE 45.EUROPE THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019–2027 (TONS) 
TABLE 46.EUROPE THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019-2027 ($MILLION) 
TABLE 47.EUROPE THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 (TONS) 
TABLE 48.EUROPE THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 ($MILLION) 
TABLE 49.EUROPE THERMOCHROMIC PIGMENTS MARKET, BY COUNTRY, 2019–2027 (TONS) 
TABLE 50.EUROPE THERMOCHROMIC PIGMENTS MARKET, BY COUNTRY, 2019–2027 ($MILLION) 
TABLE 51.UK THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019–2027 (TONS) 
TABLE 52.UK THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019-2027 ($MILLION) 
TABLE 53.UK THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 (TONS) 
TABLE 54.UK THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 ($MILLION) 
TABLE 55.GERMANY THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019–2027 (TONS) 
TABLE 56.GERMANY THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019-2027 ($MILLION) 
TABLE 57.GERMANY THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 (TONS) 
TABLE 58.GERMANY THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 ($MILLION) 
TABLE 59.FRANCE THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019–2027 (TONS) 
TABLE 60.FRANCE THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019-2027 ($MILLION) 
TABLE 61.FRANCE THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 (TONS) 
TABLE 62.FRANCE THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 ($MILLION) 
TABLE 63.SPAIN THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019–2027 (TONS) 
TABLE 62.SPAIN THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019-2027 ($MILLION) 
TABLE 63.SPAIN THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 (TONS) 
TABLE 64.SPAIN THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 ($MILLION) 
TABLE 65.ITALY THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019–2027 (TONS) 
TABLE 66.ITALY THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019-2027 ($MILLION) 
TABLE 67.ITALY THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 (TONS) 
TABLE 68.ITALY THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 ($MILLION) 
TABLE 69.REST OF EUROPE THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019–2027 (TONS) 
TABLE 70.REST OF EUROPE THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019-2027 ($MILLION) 
TABLE 71.REST OF EUROPE THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 (TONS) 
TABLE 72.REST OF EUROPE THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 ($MILLION) 
TABLE 73.ASIA-PACIFIC THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019–2027 (TONS) 
TABLE 74.ASIA-PACIFIC THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019-2027 ($MILLION) 
TABLE 75.ASIA-PACIFIC THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 (TONS) 
TABLE 76.ASIA-PACIFIC THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 ($MILLION) 
TABLE 77.ASIA-PACIFIC THERMOCHROMIC PIGMENTS MARKET, BY COUNTRY, 2019–2027 (TONS) 
TABLE 78.ASIA-PACIFIC AMERICA THERMOCHROMIC PIGMENTS MARKET, BY COUNTRY, 2019–2027 ($MILLION) 
TABLE 79.CHINA THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019–2027 (TONS) 
TABLE 80.CHINA THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019-2027 ($MILLION) 
TABLE 81.CHINA THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 (TONS)
TABLE 82.CHINA THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 ($MILLION) 
TABLE 83.INDIA THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019–2027 (TONS) 
TABLE 84.INDIA THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019-2027 ($MILLION) 
TABLE 85.INDIA THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 (TONS) 
TABLE 86.INDIA THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 ($MILLION) 
TABLE 87.INDONESIA THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019–2027 (TONS) 
TABLE 88.INDONESIA THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019-2027 ($MILLION) 
TABLE 89.INDONESIA THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 (TONS) 
TABLE 90.INDONESIA THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 ($MILLION) 
TABLE 91.THAILAND THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019–2027 (TONS)
TABLE 92.THAILAND THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 93.THAILAND THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 (TONS)
TABLE 94.THAILAND THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 95.AUSTRALIA THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019–2027 (TONS)
TABLE 96.AUSTRALIA THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 97.AUSTRALIA THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 (TONS)
TABLE 98.AUSTRALIA THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 99.REST OF ASIA-PACIFIC THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019–2027 (TONS)
TABLE 100.REST OF ASIA-PACIFIC THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 101.REST OF ASIA-PACIFIC THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 (TONS)
TABLE 102.REST OF ASIA-PACIFIC THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 103.LAMEA THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019–2027 (TONS)
TABLE 104.LAMEA THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 105.LAMEA THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 (TONS)
TABLE 106.LAMEA THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 107.LAMEA THERMOCHROMIC PIGMENTS MARKET, BY COUNTRY, 2019–2027 (TONS)
TABLE 108.LAMEA THERMOCHROMIC PIGMENTS MARKET, BY COUNTRY, 2019–2027 ($MILLION)
TABLE 109.BRAZIL THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019–2027 (TONS)
TABLE 110.BRAZIL THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 111.BRAZIL THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 (TONS)
TABLE 112.BRAZIL THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 113.TURKEY THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019–2027 (TONS)
TABLE 114.TURKEY THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 115.TURKEY THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 (TONS)
TABLE 116.TURKEY THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 117.IRAN THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019–2027 (TONS)
TABLE 118.IRAN THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 119.IRAN THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 (TONS)
TABLE 120.IRAN THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 121.REST OF LAMEA THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019–2027 (TONS)
TABLE 122.REST OF LAMEA THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019-2027 ($MILLION)
TABLE 123.REST OF LAMEA THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 (TONS)
TABLE 124.REST OF LAMEA THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019–2027 ($MILLION)
TABLE 125.KEY NEW PRODUCT LAUNCHES (2016-2020)
TABLE 126.KEY EXPANSIONS (2016-2019)
TABLE 127.OTHER KEY DEVELOPMENTS (2016-2019)
TABLE 128.OLIKROM: COMPANY SNAPSHOT
TABLE 129.OLIKROM: OPERATING SEGMENTS
TABLE 130.OLIKROM: PRODUCT PORTFOLIO
TABLE 131.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 132.QCR SOLUTIONS CORP: COMPANY SNAPSHOT
TABLE 133.QCR SOLUTIONS CORP: OPERATING SEGMENT
TABLE 134.QCR SOLUTIONS CORP: PRODUCT PORTFOLIO
TABLE 135.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 136.QCR SOLUTIONS CORP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 137.MATSUI COLOR: COMPANY SNAPSHOT
TABLE 138.MATSUI COLOR: OPERATING SEGMENTS
TABLE 139.MATSUI COLOR: PRODUCT PORTFOLIO
TABLE 140.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 141.MATSUI COLOR : KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 142.HONGSAM: COMPANY SNAPSHO
TABLE 143.HONGSAM: OPERATING SEGMENTS
TABLE 144.HONGSAM: PRODUCT PORTFOLIO
TABLE 145.DEVINE CHEMICALS LTD.: COMPANY SNAPSHOT
TABLE 146.DEVINE CHEMICALS LTD.: OPERATING SEGMENTS
TABLE 147.HUNSTMAN: PRODUCT PORTFOLIO
TABLE 148.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 149.DEVINE CHEMICALS LTD.: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 150.NEW COLOR CHEMICAL LIMITED: COMPANY SNAPSHOT
TABLE 151.NEW COLOR CHEMICAL LIMITED: OPERATING SEGMENTS
TABLE 152.NEW COLOR CHEMICAL LIMITED: PRODUCT PORTFOLIO
TABLE 153.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 154.NEW COLOR CHEMICAL LIMITED: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 155.CTI AND FLINT GROUP: COMPANY SNAPSHOT
TABLE 156.CTI AND FLINT GROUP: OPERATING SEGMENTS
TABLE 157.CTI AND FLINT GROUP:PRODUCT PORTFOLIO
TABLE 158.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 159.CTI AND FLINT GROUP: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 160.SAWGRASS: COMPANY SNAPSHOT
TABLE 161.SAWGRASS: OPERATING SEGMENTS
TABLE 162.SAWGRASS: PRODUCT PORTFOLIO
TABLE 163.LCR HALLCREST: COMPANY SNAPSHOT
TABLE 164.LCR HALLCREST: OPERATING SEGMENTS
TABLE 165.LCR HALLCREST: PRODUCT PORTFOLIO
TABLE 166.OVERALL FINANCIAL STATUS ($MILLION)
TABLE 167.LCR HALLCREST: KEY STRATEGIC MOVES AND DEVELOPMENTS
TABLE 168.HALI INDUSTRIAL CO.,LTD.: COMPANY SNAPSHOT
TABLE 169.HALI INDUSTRIAL CO.,LTD.: OPERATING SEGMENTS
TABLE 170.HALI INDUSTRIAL CO.,LTD.: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.TOP INVESTMENT POCKETS: BY APPLICATION
FIGURE 03.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 04.MODERATE BARGAINING POWER OF BUYERS
FIGURE 05.HIGH THREAT OF SUBSTITUTES
FIGURE 06.HIGH THREAT OF NEW ENTRANTS
FIGURE 07.MODERATE INTENSITY OF RIVALRY
FIGURE 08.THERMOCHROMIC PIGMENTS MARKET DYNAMICS
FIGURE 09.DIGITAL TEXTILE PRINTING TEXTILE INKS : VALUE CHAIN
FIGURE 10.PATENT ANALYSIS, BY COUNTRY
FIGURE 11.PATENT ANALYSIS, BY APPLICANTS
FIGURE 12.GLOBAL THERMOCHROMIC PIGMENTS MARKET, BY TYPE, 2019–2027 ($MILLION)
FIGURE 13.COMPARATIVE ANALYSIS OF REVERSIBLE  THERMOCHROMIC PIGMENTS MARKET, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 14.COMPARATIVE ANALYSIS OF IRREVERSIBLE  THERMOCHROMIC PIGMENTS MARKET, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 17.COMPARATIVE ANALYSIS OF PIGMENT THERMOCHROMIC PIGMENTS MARKET, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 18.GLOBAL THERMOCHROMIC PIGMENTS MARKET, BY APPLICATION, 2019 & 2027 ($MILLION)
FIGURE 19.COMPARATIVE ANALYSIS OF THERMOCHROMIC PIGMENTS MARKET, FOR PRINTING INK, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 20.COMPARATIVE ANALYSIS OF THERMOCHROMIC PIGMENTS MARKET, FOR TEXTILE, BY COUNTRY, 2019 & 2027 ($MILLION) 
FIGURE 21.COMPARATIVE ANALYSIS OF THERMOCHROMIC PIGMENTS MARKET, FOR PLASTIC & POLYMER, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 22.COMPARATIVE ANALYSIS OF THERMOCHROMIC PIGMENTS MARKET, FOR FOOD & BEVERAGES, BY COUNTRY, 2019 & 2027 ($MILLION)
FIGURE 23.U.S. THERMOCHROMIC PIGMENTS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 24.CANADA THERMOCHROMIC PIGMENTS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 25.MEXICO THERMOCHROMIC PIGMENTS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 26.UK THERMOCHROMIC PIGMENTS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 27.GERMANY THERMOCHROMIC PIGMENTS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 28.FRANCE THERMOCHROMIC PIGMENTS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 29.SPAIN THERMOCHROMIC PIGMENTS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 30.ITALY THERMOCHROMIC PIGMENTS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 31.REST OF EUROPE THERMOCHROMIC PIGMENTS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 32.CHINA THERMOCHROMIC PIGMENTS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 33.INDIA THERMOCHROMIC PIGMENTS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 34.INDONESIA THERMOCHROMIC PIGMENTS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 35.THAILAND THERMOCHROMIC PIGMENTS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 36.AUSTRALIA THERMOCHROMIC PIGMENTS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 37.REST OF ASIA-PACIFIC THERMOCHROMIC PIGMENTS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 38.BRAZIL THERMOCHROMIC PIGMENTS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 39.TURKEY THERMOCHROMIC PIGMENTS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 40.IRAN THERMOCHROMIC PIGMENTS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 41.REST OF LAMEA THERMOCHROMIC PIGMENTS MARKET REVENUE, 2019–2027 ($MILLION)
FIGURE 42.MARKET PLAYER POSITIONING, 2019
FIGURE 43.TOP WINNING STRATEGIES, BY YEAR, 2016–2020
FIGURE 44.TOP WINNING STRATEGIES, BY DEVELOPMENT, 2016–2020 (%)
FIGURE 45.TOP WINNING STRATEGIES, BY COMPANY, 2016–2020
FIGURE 46.PRODUCT MAPPING OF TOP 10 PLAYERS
FIGURE 47.COMPETITIVE HEATMAP OF KEY PLAYERS
FIGURE 48.OLIKROM: NET SALES, 2017–2019 ($MILLION)
FIGURE 49.OLIKROM: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 50.OLIKROM: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 51.QCR SOLUTIONS CORP: REVENUE, 2016–2018 ($MILLION)
FIGURE 52.QCR SOLUTIONS CORP: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 53.QCR SOLUTIONS CORP: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 54.MATSUI COLOR: REVENUE, 2016–2018 ($MILLION)
FIGURE 55.MATSUI COLOR: REVENUE SHARE BY REGION, 2018 (%)
FIGURE 56.DEVINE CHEMICALS LTD.: REVENUE, 2017–2019 ($MILLION)
FIGURE 57.DEVINE CHEMICALS LTD.: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 58.DEVINE CHEMICALS LTD.: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 59.NEW COLOR CHEMICAL LIMITED: REVENUE, 2017-2019 ($MILLION)
FIGURE 60.NEW COLOR CHEMICAL LIMITED: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 61.NEW COLOR CHEMICAL LIMITED: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 62.CTI AND FLINT GROUP: REVENUE, 2017-2019 ($MILLION)
FIGURE 63.CTI AND FLINT GROUP: REVENUE SHARE BY SEGMENT, 2019 (%)
FIGURE 64.CTI AND FLINT GROUP: REVENUE SHARE BY REGION, 2019 (%)
FIGURE 65.LCR HALLCREST: REVENUE, 2016–2018 ($MILLION)
FIGURE 66.LCR HALLCREST: REVENUE SHARE BY SEGMENT, 2018 (%)
FIGURE 67.THERMOCHROMIC PIGMENT: OTHER PLAYERS

 
 

According to the perspectives of CXOs of the leading companies of the market,the growth of the automotive, aerospace, construction, and commercial & consumer electronics sectors has boosted the consumption of paints & coatings, plastics, and construction materials. This rapid growth of end user industries drives the global thermochromic pigments market, as pigments are the major raw materials used in the paint & coatings, plastics and construction materials.The consumption of thermochromic pigments is the highest in the North America region, due to immense growth of the automobile sector and upsurge in other end-use industries in economies such as US and Canada.

High adoption of specialty pigments such as thermochromic pigments in flexible packaging, the market growth of end-user industries in emerging economies, advancements in the nanotechnology, and growing trend of using eco-friendly organic pigments from renewable feedstock are expected to have significant impact on the growth of the global market. 

Further, rising adoption of thermochromic pigments is due to the numerous benefits associated with their use. Thermochromic pigments exhibit high resistance to heat, light, moisture, chemicals, and high permanence. However, volatility in the pricings of raw materials and environment regulations implemented for pigments to reduce the VOC content to minimize environmental issues are expected to hamper the growth of the global thermochromic pigments market.

Owing to the outbreak of the COVID-19 pandemic, the global thermochromic pigments market is expected to witness a slowdown during the next couple of years.Various government agencies have restraint efforts and this pandemic have slowed or shut down factories in scores of cities and provinces across the world, leading to predictions of a lowered investment in industrialization. Recent decline in endues industriesis one of the key factors that is likely to negatively impact the growth of thermochromic pigments market

The pandemic further impacted the situation as companies across the world are looking for alternate supply solutions. Thus, the COVID-19 crisis presents an excellent opportunity to the specialty chemical industry in the ASEAN countries such as India, Vietnam, Singapore, and others to assert its dominance at the global level. 
 

 

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FREQUENTLY ASKED QUESTIONS?
 

A. The increase in the demand for consumer products such as plastics, polymers, digital printing, etc. The demand is estimated to upsurge owing to high-performance pigment, economic development, disposable income, and our quality of life during the forecast period

A. The global Thermochromic Pigmentmarket anticipated to grow at CAGR of 6.2% during the forecast period.

A. New product launches, business collaboration and acquisition are the major growth strategies adopted by the players in this market.

A. Some of the key trends observed in the global Thermochromic Pigmen tmarket are growing focus towards colorful and color changing products to increase demand of high performance pigments

A. Asia Pacific region expected to provide lucrative growth opportunities to the global Thermochromic Pigment market.

A. RPM International, DuPont, OliKrom, QCR Solutions Corp, Matsui Color, Devine Chemicals Ltd, New Color Chemical Limited, CTI and Flint Group, and among others are some of the prominent market players in this market.

A. Printing ink is the largest segment in the global Thermochromic Pigment market.

A. Major customer of the Thermochromic Pigmentare from paint manufacturers, polymer manufactuers, textile industry, food and beverages manufactuers, and industrial sector are the key potential consumers in the Thermochromic Pigment market.

 

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