Thermochromic Pigment Market is expected to grow at a CAGR of 5% during the forecast period to reach US$ 2.37 Bn by 2029. The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis. Growing sales in the food & beverage market is expected to surge the demand in the thermochromic pigments market, thanks to its application in the packaging of many foods & beverages items. Such as, the product is used on pizza packages to fix the temperature of the food. For example, if the flame logo on the pizza box is orange, it means the pizza is hot. Therefore, this kind of feature supports reaching maximum customer satisfaction. In recent times, application-based delivery services have improved exponentially, mainly in emerging regions. This would be a noteworthy growth factor in the thermochromic pigments market.To know about the Research Methodology :- Request Free Sample Report The R&D activities in the market will be an additional growth driver in the future. The rising application of this product and the benefits offered by it have led to an increase in its demand. The product is used to change the color of fabrics which changes with change in temperature. The product is also implemented in sports and leisurewear, household textiles, like bedding, which would help in upholding the temperature. This would help in imitating more sunlight and the demand for air conditioning the house will decrease. Accordingly, more energy will be saved. Such advanced applications could help in supplementing the thermochromic pigments market growth in the current future. On the other hand, the high cost of thermochromic inks and poor lightfastness is expected to hinder the market growth during the forecast period. By type, the reversible thermochromic pigment segment held the largest market share of the global market in 2022, this is mainly because of the several applications across the packaging industry, like manufacturing polymers and coatings industry. Region-wise, North America is expected to hold the largest market share of the market by 2029, thanks to the existence of numerous producers in the region and the developments in the smart packaging sector in this region. The smart packaging sector is still a growing sector and is expected to be a substantial factor driving the market in the future. The Asia Pacific is expected to show a high rate of growth in the forecast period, because of its thriving packaging industry. The availability of profitable factors of production will invite more players to set up their production plants in this region. This would make it a noteworthy regional market in the upcoming years. The Chinese Government has invested in several industries, including construction materials, automobiles, textiles, shipbuilding, and others, which are key consumers of pigments. Hence, pigment production in China has improved at a faster rate and is expected to show development in the current future, which would make it a profitable market for thermochromic pigment. The objective of the report is to present a comprehensive analysis of the Global Thermochromic Pigment Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Thermochromic Pigment Market dynamics, structure by analyzing the market segments and project the Global Thermochromic Pigment Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global Thermochromic Pigment Market make the report investor’s guide.
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Thermochromic Pigment Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 1.68 Bn. Forecast Period 2023 to 2029 CAGR: 5% Market Size in 2029: US $ 2.37 Bn. Segments Covered: by Type • Reversible • Irreversible by Application • Printing Ink • Textile • Paints and Coatings • Plastic & Polymer • Food & Beverages • Paper • Cosmetic • Others Thermochromic Pigment Market, by Region
• North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)Thermochromic Pigment Market Key Players
• SFXC • Indestructible Paint Inc. • W. Sands Corp. • Fraunhofer-Gesellschaft • OliKrom SAS • Kolortek Co., Ltd. • Shanghai Phichem Material Co., Ltd. • LCR Hallcrest, LLC • Smarol Industry Co. Ltd. • New Prismatic Enterprise Co. Ltd. • RPM International • E. I. DuPont de Nemours and Company • The 3M Company • Sherwin-Williams Co. • Hammer Packaging • NanoMatriX International Ltd. Frequently Asked Questions: 1. Which region has the largest share in Global Thermochromic Pigment Market? Ans: North America region held the highest share in 2022. 2. What is the growth rate of Global Thermochromic Pigment Market? Ans: The Global Thermochromic Pigment Market is expected to grow at a CAGR of 5% during forecast period 2023-2029. 3. What is scope of the Global Thermochromic Pigment market report? Ans: Global Thermochromic Pigment Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Thermochromic Pigment market? Ans: The important key players in the Global Thermochromic Pigment Market are – SFXC, Indestructible Paint Inc., W. Sands Corp., Fraunhofer-Gesellschaft, OliKrom SAS, Kolortek Co., Ltd., Shanghai Phichem Material Co., Ltd., LCR Hallcrest, LLC, Smarol Industry Co. Ltd., New Prismatic Enterprise Co. Ltd., RPM International, E. I. DuPont de Nemours and Company, The 3M Company, Sherwin-Williams Co., Hammer Packaging, and NanoMatriX International Ltd. 5. What is the study period of this market? Ans: The Global Thermochromic Pigment Market is studied from 2022 to 2029.
1. Preface 1.1. Report Scope and Market Segmentation 1.2. Research Highlights 1.3. Research Objectives 2. Assumptions and Research Methodology 2.1. Report Assumptions 2.2. Abbreviations 2.3. Research Methodology 2.3.1. Secondary Research 2.3.1.1. Secondary data 2.3.1.2. Secondary Sources 2.3.2. Primary Research 2.3.2.1. Data from Primary Sources 2.3.2.2. Breakdown of Primary Sources 3. Executive Summary: Global Thermochromic Pigment Market Size, by Market Value (US$ Mn) 4. Market Overview 4.1. Introduction 4.2. Market Indicator 4.2.1. Drivers 4.2.2. Restraints 4.2.3. Opportunities 4.2.4. Challenges 4.3. Porter’s Analysis 4.4. Value Chain Analysis 4.5. Market Risk Analysis 4.6. SWOT Analysis 4.7. Industry Trends and Emerging Technologies 5. Supply Side and Demand Side Indicators 6. Global Thermochromic Pigment Market Analysis and Forecast 6.1. Thermochromic Pigment Market Size & Y-o-Y Growth Analysis 6.1.1. North America 6.1.2. Europe 6.1.3. Asia Pacific 6.1.4. Middle East & Africa 6.1.5. South America 7. Global Thermochromic Pigment Market Analysis and Forecast, by Type 7.1. Introduction and Definition 7.2. Key Findings 7.3. Thermochromic Pigment Market Value Share Analysis, by Type 7.4. Thermochromic Pigment Market Size (US$ Mn) Forecast, by Type 7.5. Thermochromic Pigment Market Analysis, by Type 7.6. Thermochromic Pigment Market Attractiveness Analysis, by Type 8. Global Thermochromic Pigment Market Analysis and Forecast, by Application 8.1. Introduction and Definition 8.2. Key Findings 8.3. Thermochromic Pigment Market Value Share Analysis, by Application 8.4. Thermochromic Pigment Market Size (US$ Mn) Forecast, by Application 8.5. Thermochromic Pigment Market Analysis, by Application 8.6. Thermochromic Pigment Market Attractiveness Analysis, by Application 9. Global Thermochromic Pigment Market Analysis, by Region 9.1. Thermochromic Pigment Market Value Share Analysis, by Region 9.2. Thermochromic Pigment Market Size (US$ Mn) Forecast, by Region 9.3. Thermochromic Pigment Market Attractiveness Analysis, by Region 10. North America Thermochromic Pigment Market Analysis 10.1. Key Findings 10.2. North America Thermochromic Pigment Market Overview 10.3. North America Thermochromic Pigment Market Value Share Analysis, by Type 10.4. North America Thermochromic Pigment Market Forecast, by Type 10.4.1. Reversible 10.4.2. Irreversible 10.5. North America Thermochromic Pigment Market Value Share Analysis, by Application 10.6. North America Thermochromic Pigment Market Forecast, by Application 10.6.1. Printing Ink 10.6.2. Textile 10.6.3. Paints and Coatings 10.6.4. Plastic & Polymer 10.6.5. Food & Beverages 10.6.6. Paper 10.6.7. Cosmetic 10.6.8. Others 10.7. North America Thermochromic Pigment Market Value Share Analysis, by Country 10.8. North America Thermochromic Pigment Market Forecast, by Country 10.8.1. U.S. 10.8.2. Canada 10.9. North America Thermochromic Pigment Market Analysis, by Country 10.10. U.S. Thermochromic Pigment Market Forecast, by Type 10.10.1. Reversible 10.10.2. Irreversible 10.11. U.S. Thermochromic Pigment Market Forecast, by Application 10.11.1. Printing Ink 10.11.2. Textile 10.11.3. Paints and Coatings 10.11.4. Plastic & Polymer 10.11.5. Food & Beverages 10.11.6. Paper 10.11.7. Cosmetic 10.11.8. Others 10.12. Canada Thermochromic Pigment Market Forecast, by Type 10.12.1. Reversible 10.12.2. Irreversible 10.13. Canada Thermochromic Pigment Market Forecast, by Application 10.13.1. Printing Ink 10.13.2. Textile 10.13.3. Paints and Coatings 10.13.4. Plastic & Polymer 10.13.5. Food & Beverages 10.13.6. Paper 10.13.7. Cosmetic 10.13.8. Others 10.14. North America Thermochromic Pigment Market Attractiveness Analysis 10.14.1. By Type 10.14.2. By Application 10.15. PEST Analysis 10.16. Key Trends 10.17. Key Developments 11. Europe Thermochromic Pigment Market Analysis 11.1. Key Findings 11.2. Europe Thermochromic Pigment Market Overview 11.3. Europe Thermochromic Pigment Market Value Share Analysis, by Type 11.4. Europe Thermochromic Pigment Market Forecast, by Type 11.4.1. Reversible 11.4.2. Irreversible 11.5. Europe Thermochromic Pigment Market Value Share Analysis, by Application 11.6. Europe Thermochromic Pigment Market Forecast, by Application 11.6.1. Printing Ink 11.6.2. Textile 11.6.3. Paints and Coatings 11.6.4. Plastic & Polymer 11.6.5. Food & Beverages 11.6.6. Paper 11.6.7. Cosmetic 11.6.8. Others 11.7. Europe Thermochromic Pigment Market Value Share Analysis, by Country 11.8. Europe Thermochromic Pigment Market Forecast, by Country 11.8.1. Germany 11.8.2. U.K. 11.8.3. France 11.8.4. Italy 11.8.5. Spain 11.8.6. Rest of Europe 11.9. Europe Thermochromic Pigment Market Analysis, by Country 11.10. Germany Thermochromic Pigment Market Forecast, by Type 11.10.1. Reversible 11.10.2. Irreversible 11.11. Germany Thermochromic Pigment Market Forecast, by Application 11.11.1. Printing Ink 11.11.2. Textile 11.11.3. Paints and Coatings 11.11.4. Plastic & Polymer 11.11.5. Food & Beverages 11.11.6. Paper 11.11.7. Cosmetic 11.11.8. Others 11.12. U.K. Thermochromic Pigment Market Forecast, by Type 11.12.1. Reversible 11.12.2. Irreversible 11.13. U.K. Thermochromic Pigment Market Forecast, by Application 11.13.1. Printing Ink 11.13.2. Textile 11.13.3. Paints and Coatings 11.13.4. Plastic & Polymer 11.13.5. Food & Beverages 11.13.6. Paper 11.13.7. Cosmetic 11.13.8. Others 11.14. France Thermochromic Pigment Market Forecast, by Type 11.14.1. Reversible 11.14.2. Irreversible 11.15. France Thermochromic Pigment Market Forecast, by Application 11.15.1. Printing Ink 11.15.2. Textile 11.15.3. Paints and Coatings 11.15.4. Plastic & Polymer 11.15.5. Food & Beverages 11.15.6. Paper 11.15.7. Cosmetic 11.15.8. Others 11.16. Italy Thermochromic Pigment Market Forecast, by Type 11.16.1. Reversible 11.16.2. Irreversible 11.17. Italy Thermochromic Pigment Market Forecast, by Application 11.17.1. Printing Ink 11.17.2. Textile 11.17.3. Paints and Coatings 11.17.4. Plastic & Polymer 11.17.5. Food & Beverages 11.17.6. Paper 11.17.7. Cosmetic 11.17.8. Others 11.18. Spain Thermochromic Pigment Market Forecast, by Type 11.18.1. Reversible 11.18.2. Irreversible 11.19. Spain Thermochromic Pigment Market Forecast, by Application 11.19.1. Printing Ink 11.19.2. Textile 11.19.3. Paints and Coatings 11.19.4. Plastic & Polymer 11.19.5. Food & Beverages 11.19.6. Paper 11.19.7. Cosmetic 11.19.8. Others 11.20. Rest of Europe Thermochromic Pigment Market Forecast, by Type 11.20.1. Reversible 11.20.2. Irreversible 11.21. Rest of Europe Thermochromic Pigment Market Forecast, by Application 11.21.1. Printing Ink 11.21.2. Textile 11.21.3. Paints and Coatings 11.21.4. Plastic & Polymer 11.21.5. Food & Beverages 11.21.6. Paper 11.21.7. Cosmetic 11.21.8. Others 11.22. Europe Thermochromic Pigment Market Attractiveness Analysis 11.22.1. By Type 11.22.2. By Application 11.23. PEST Analysis 11.24. Key Trends 11.25. Key Developments 12. Asia Pacific Thermochromic Pigment Market Analysis 12.1. Key Findings 12.2. Asia Pacific Thermochromic Pigment Market Overview 12.3. Asia Pacific Thermochromic Pigment Market Value Share Analysis, by Type 12.4. Asia Pacific Thermochromic Pigment Market Forecast, by Type 12.4.1. Reversible 12.4.2. Irreversible 12.5. Asia Pacific Thermochromic Pigment Market Value Share Analysis, by Application 12.6. Asia Pacific Thermochromic Pigment Market Forecast, by Application 12.6.1. Printing Ink 12.6.2. Textile 12.6.3. Paints and Coatings 12.6.4. Plastic & Polymer 12.6.5. Food & Beverages 12.6.6. Paper 12.6.7. Cosmetic 12.6.8. Others 12.7. Asia Pacific Thermochromic Pigment Market Value Share Analysis, by Country 12.8. Asia Pacific Thermochromic Pigment Market Forecast, by Country 12.8.1. China 12.8.2. India 12.8.3. Japan 12.8.4. ASEAN 12.8.5. Rest of Asia Pacific 12.9. Asia Pacific Thermochromic Pigment Market Analysis, by Country 12.10. China Thermochromic Pigment Market Forecast, by Type 12.10.1. Reversible 12.10.2. Irreversible 12.11. China Thermochromic Pigment Market Forecast, by Application 12.11.1. Printing Ink 12.11.2. Textile 12.11.3. Paints and Coatings 12.11.4. Plastic & Polymer 12.11.5. Food & Beverages 12.11.6. Paper 12.11.7. Cosmetic 12.11.8. Others 12.12. India Thermochromic Pigment Market Forecast, by Type 12.12.1. Reversible 12.12.2. Irreversible 12.13. India Thermochromic Pigment Market Forecast, by Application 12.13.1. Printing Ink 12.13.2. Textile 12.13.3. Paints and Coatings 12.13.4. Plastic & Polymer 12.13.5. Food & Beverages 12.13.6. Paper 12.13.7. Cosmetic 12.13.8. Others 12.14. Japan Thermochromic Pigment Market Forecast, by Type 12.14.1. Reversible 12.14.2. Irreversible 12.15. Japan Thermochromic Pigment Market Forecast, by Application 12.15.1. Printing Ink 12.15.2. Textile 12.15.3. Paints and Coatings 12.15.4. Plastic & Polymer 12.15.5. Food & Beverages 12.15.6. Paper 12.15.7. Cosmetic 12.15.8. Others 12.16. ASEAN Thermochromic Pigment Market Forecast, by Type 12.16.1. Reversible 12.16.2. Irreversible 12.17. ASEAN Thermochromic Pigment Market Forecast, by Application 12.17.1. Printing Ink 12.17.2. Textile 12.17.3. Paints and Coatings 12.17.4. Plastic & Polymer 12.17.5. Food & Beverages 12.17.6. Paper 12.17.7. Cosmetic 12.17.8. Others 12.18. Rest of Asia Pacific Thermochromic Pigment Market Forecast, by Type 12.18.1. Reversible 12.18.2. Irreversible 12.19. Rest of Asia Pacific Thermochromic Pigment Market Forecast, by Application 12.19.1. Printing Ink 12.19.2. Textile 12.19.3. Paints and Coatings 12.19.4. Plastic & Polymer 12.19.5. Food & Beverages 12.19.6. Paper 12.19.7. Cosmetic 12.19.8. Others 12.20. Asia Pacific Thermochromic Pigment Market Attractiveness Analysis 12.20.1. By Type 12.20.2. By Application 12.21. PEST Analysis 12.22. Key Trends 12.23. Key Developments 13. Middle East & Africa Thermochromic Pigment Market Analysis 13.1. Key Findings 13.2. Middle East & Africa Thermochromic Pigment Market Overview 13.3. Middle East & Africa Thermochromic Pigment Market Value Share Analysis, by Type 13.4. Middle East & Africa Thermochromic Pigment Market Forecast, by Type 13.4.1. Reversible 13.4.2. Irreversible 13.5. Middle East & Africa Thermochromic Pigment Market Value Share Analysis, by Application 13.6. Middle East & Africa Thermochromic Pigment Market Forecast, by Application 13.6.1. Printing Ink 13.6.2. Textile 13.6.3. Paints and Coatings 13.6.4. Plastic & Polymer 13.6.5. Food & Beverages 13.6.6. Paper 13.6.7. Cosmetic 13.6.8. Others 13.7. Middle East & Africa Thermochromic Pigment Market Value Share Analysis, by Country 13.8. Middle East & Africa Thermochromic Pigment Market Forecast, by Country 13.8.1. GCC 13.8.2. South Africa 13.8.3. Rest of Middle East & Africa 13.9. Middle East & Africa Thermochromic Pigment Market Analysis, by Country 13.10. GCC Thermochromic Pigment Market Forecast, by Type 13.10.1. Reversible 13.10.2. Irreversible 13.11. GCC Thermochromic Pigment Market Forecast, by Application 13.11.1. Printing Ink 13.11.2. Textile 13.11.3. Paints and Coatings 13.11.4. Plastic & Polymer 13.11.5. Food & Beverages 13.11.6. Paper 13.11.7. Cosmetic 13.11.8. Others 13.12. South Africa Thermochromic Pigment Market Forecast, by Type 13.12.1. Reversible 13.12.2. Irreversible 13.13. South Africa Thermochromic Pigment Market Forecast, by Application 13.13.1. Printing Ink 13.13.2. Textile 13.13.3. Paints and Coatings 13.13.4. Plastic & Polymer 13.13.5. Food & Beverages 13.13.6. Paper 13.13.7. Cosmetic 13.13.8. Others 13.14. Rest of Middle East & Africa Thermochromic Pigment Market Forecast, by Type 13.14.1. Reversible 13.14.2. Irreversible 13.15. Rest of Middle East & Africa Thermochromic Pigment Market Forecast, by Application 13.15.1. Printing Ink 13.15.2. Textile 13.15.3. Paints and Coatings 13.15.4. Plastic & Polymer 13.15.5. Food & Beverages 13.15.6. Paper 13.15.7. Cosmetic 13.15.8. Others 13.16. Middle East & Africa Thermochromic Pigment Market Attractiveness Analysis 13.16.1. By Type 13.16.2. By Application 13.17. PEST Analysis 13.18. Key Trends 13.19. Key Developments 14. South America Thermochromic Pigment Market Analysis 14.1. Key Findings 14.2. South America Thermochromic Pigment Market Overview 14.3. South America Thermochromic Pigment Market Value Share Analysis, by Type 14.4. South America Thermochromic Pigment Market Forecast, by Type 14.4.1. Reversible 14.4.2. Irreversible 14.5. South America Thermochromic Pigment Market Value Share Analysis, by Application 14.6. South America Thermochromic Pigment Market Forecast, by Application 14.6.1. Printing Ink 14.6.2. Textile 14.6.3. Paints and Coatings 14.6.4. Plastic & Polymer 14.6.5. Food & Beverages 14.6.6. Paper 14.6.7. Cosmetic 14.6.8. Others 14.7. South America Thermochromic Pigment Market Value Share Analysis, by Country 14.8. South America Thermochromic Pigment Market Forecast, by Country 14.8.1. Brazil 14.8.2. Mexico 14.8.3. Rest of South America 14.9. South America Thermochromic Pigment Market Analysis, by Country 14.10. Brazil Thermochromic Pigment Market Forecast, by Type 14.10.1. Reversible 14.10.2. Irreversible 14.11. Brazil Thermochromic Pigment Market Forecast, by Application 14.11.1. Printing Ink 14.11.2. Textile 14.11.3. Paints and Coatings 14.11.4. Plastic & Polymer 14.11.5. Food & Beverages 14.11.6. Paper 14.11.7. Cosmetic 14.11.8. Others 14.12. Mexico Thermochromic Pigment Market Forecast, by Type 14.12.1. Reversible 14.12.2. Irreversible 14.13. Mexico Thermochromic Pigment Market Forecast, by Application 14.13.1. Printing Ink 14.13.2. Textile 14.13.3. Paints and Coatings 14.13.4. Plastic & Polymer 14.13.5. Food & Beverages 14.13.6. Paper 14.13.7. Cosmetic 14.13.8. Others 14.14. Rest of South America Thermochromic Pigment Market Forecast, by Type 14.14.1. Reversible 14.14.2. Irreversible 14.15. Rest of South America Thermochromic Pigment Market Forecast, by Application 14.15.1. Printing Ink 14.15.2. Textile 14.15.3. Paints and Coatings 14.15.4. Plastic & Polymer 14.15.5. Food & Beverages 14.15.6. Paper 14.15.7. Cosmetic 14.15.8. Others 14.16. South America Thermochromic Pigment Market Attractiveness Analysis 14.16.1. By Type 14.16.2. By Application 14.17. PEST Analysis 14.18. Key Trends 14.19. Key Developments 15. Company Profiles 15.1. Market Share Analysis, by Company 15.2. Competition Matrix 15.2.1. Competitive Benchmarking of key players by price, presence, market share, Applications and R&D investment 15.2.2. New Product Launches and Product Enhancements 15.2.3. Market Consolidation 15.2.3.1. M&A by Regions, Investment and Applications 15.2.3.2. M&A Key Players, Forward Integration and Backward Integration 15.3. Company Profiles: Key Players 15.3.1. SFXC 15.3.1.1. Company Overview 15.3.1.2. Financial Overview 15.3.1.3. Product Portfolio 15.3.1.4. Business Strategy 15.3.1.5. Recent Developments 15.3.1.6. Development Footprint 15.3.2. Indestructible Paint Inc. 15.3.3. W. Sands Corp. 15.3.4. Fraunhofer-Gesellschaft 15.3.5. OliKrom SAS 15.3.6. Kolortek Co., Ltd. 15.3.7. Shanghai Phichem Material Co., Ltd. 15.3.8. LCR Hallcrest, LLC 15.3.9. Smarol Industry Co. Ltd. 15.3.10. New Prismatic Enterprise Co. Ltd. 15.3.11. RPM International 15.3.12. E. I. DuPont de Nemours and Company 15.3.13. The 3M Company 15.3.14. Sherwin-Williams Co. 15.3.15. Hammer Packaging 15.3.16. NanoMatriX International Ltd. 16. Primary Key Insights