Thermochromic Pigments Market Updates by 2031
Thermochromic pigments are unique pigments that change color when they detect temperature change. It can be either high temperature or low temperature. The pigments are very sensitive to temperature change. Also, thermochromic pigments are used for various applications such as textile printing, plastics, mugs, etc. In textile printing, thermochromic pigments are used with normal textile pigments for printing textiles. When the print changes temperature, it changes color. It is used in plastic bottles and mugs to detect the temperature of the liquid present in the bottle or mug.
MARKET DYNAMICS
The thermochromic pigments market has witnessed a significant growth owing to factors such as printing inks segment. Moreover, the increasing demand for smart packaging and rising demand from the smart textiles industry provides a huge market opportunity for the key players operating in the thermochromic pigments market. However, addition of stabilizers to reduce sensitivity to UV radiation is projected to hamper the overall growth of the thermochromic pigments market.
MARKET SCOPE
The "Global Thermochromic Pigments Market Analysis to 2031" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the thermochromic pigments market with detailed market segmentation product type, application type, and geography. The global thermochromic pigments market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading thermochromic pigments market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global thermochromic pigments market is segmented on the basis of product type and application type. On the basis of product type, the global thermochromic pigments market is divided into reversible and irreversible pigments. On the basis of application, the global thermochromic pigments market is divided into paints & coatings, ink printing, and plastic products.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global thermochromic pigments market based on various segments. It also provides marketsize and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The thermochromic pigments market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
`The report analyzes factors affecting the thermochromic pigments market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the thermochromic pigments market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global thermochromic pigments market based on various segments. It also provides marketsize and forecast estimates from the year 2021to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The thermochromic pigments market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
`The report analyzes factors affecting the thermochromic pigments market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the thermochromic pigments market in these regions.
MARKET PLAYERS
The reports cover key developments in the thermochromic pigments market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of marketplayers. The marketpayers from thermochromic pigments market is anticipated to lucrative growth opportunities in the future with the rising demand for thermochromic pigments in the global market. Below mentioned is the list of few companies engaged in the thermochromic pigments market.
The report also includes the profiles of key companies along with their SWOT analysis and marketstrategies in the thermochromic pigments market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Chromatic Technologies Inc.
- E. I. DuPont de Nemours and Company
- Hali Pigment co.,ltd.
- Hammer Packaging
- LCR Hallcrest LLC
- OliKrom
- RPM International Inc.
- SFXC
- Smarol Industry Co. Ltd.
- The 3M Company
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1.INTRODUCTION
1.1.SCOPE OF THE STUDY
1.2.THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Thermochromic Pigments Market - By Product Type
1.3.2Thermochromic Pigments Market - By Application Type
1.3.3Thermochromic Pigments Market - By Region
1.3.3.1By Country
2.KEY TAKEAWAYS
3.RESEARCH METHODOLOGY
4.THERMOCHROMIC PIGMENTS MARKET LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.THERMOCHROMIC PIGMENTS MARKET - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.THERMOCHROMIC PIGMENTS MARKET - GLOBAL MARKET ANALYSIS
6.1.THERMOCHROMIC PIGMENTS - GLOBAL MARKET OVERVIEW
6.2.THERMOCHROMIC PIGMENTS - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.THERMOCHROMIC PIGMENTS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1.OVERVIEW
7.2.PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3.REVERSIBLE PIGMENTS
7.3.1.Overview
7.3.2.Reversible Pigments Market Forecast and Analysis
7.4.IRREVERSIBLE PIGMENTS
7.4.1.Overview
7.4.2.Irreversible Pigments Market Forecast and Analysis
8.THERMOCHROMIC PIGMENTS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION TYPE
8.1.OVERVIEW
8.2.APPLICATION TYPE MARKET FORECASTS AND ANALYSIS
8.3.PAINTS AND COATINGS
8.3.1.Overview
8.3.2.Paints and Coatings Market Forecast and Analysis
8.4.INK PRINTING
8.4.1.Overview
8.4.2.Ink printing Market Forecast and Analysis
8.5.PLASTIC PRODUCTS
8.5.1.Overview
8.5.2.Plastic products Market Forecast and Analysis
9.THERMOCHROMIC PIGMENTS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1.NORTH AMERICA
9.1.1North America Thermochromic Pigments Market Overview
9.1.2North America Thermochromic Pigments Market Forecasts and Analysis
9.1.3North America Thermochromic Pigments Market Forecasts and Analysis - By Product Type
9.1.4North America Thermochromic Pigments Market Forecasts and Analysis - By Application Type
9.1.5North America Thermochromic Pigments Market Forecasts and Analysis - By Countries
9.1.5.1United States Thermochromic Pigments Market
9.1.5.1.1United States Thermochromic Pigments Market by Product Type
9.1.5.1.2United States Thermochromic Pigments Market by Application Type
9.1.5.2Canada Thermochromic Pigments Market
9.1.5.2.1Canada Thermochromic Pigments Market by Product Type
9.1.5.2.2Canada Thermochromic Pigments Market by Application Type
9.1.5.3Mexico Thermochromic Pigments Market
9.1.5.3.1Mexico Thermochromic Pigments Market by Product Type
9.1.5.3.2Mexico Thermochromic Pigments Market by Application Type
9.2.EUROPE
9.2.1Europe Thermochromic Pigments Market Overview
9.2.2Europe Thermochromic Pigments Market Forecasts and Analysis
9.2.3Europe Thermochromic Pigments Market Forecasts and Analysis - By Product Type
9.2.4Europe Thermochromic Pigments Market Forecasts and Analysis - By Application Type
9.2.5Europe Thermochromic Pigments Market Forecasts and Analysis - By Countries
9.2.5.1Germany Thermochromic Pigments Market
9.2.5.1.1Germany Thermochromic Pigments Market by Product Type
9.2.5.1.2Germany Thermochromic Pigments Market by Application Type
9.2.5.2France Thermochromic Pigments Market
9.2.5.2.1France Thermochromic Pigments Market by Product Type
9.2.5.2.2France Thermochromic Pigments Market by Application Type
9.2.5.3Italy Thermochromic Pigments Market
9.2.5.3.1Italy Thermochromic Pigments Market by Product Type
9.2.5.3.2Italy Thermochromic Pigments Market by Application Type
9.2.5.4United Kingdom Thermochromic Pigments Market
9.2.5.4.1United Kingdom Thermochromic Pigments Market by Product Type
9.2.5.4.2United Kingdom Thermochromic Pigments Market by Application Type
9.2.5.5Russia Thermochromic Pigments Market
9.2.5.5.1Russia Thermochromic Pigments Market by Product Type
9.2.5.5.2Russia Thermochromic Pigments Market by Application Type
9.2.5.6Rest of Europe Thermochromic Pigments Market
9.2.5.6.1Rest of Europe Thermochromic Pigments Market by Product Type
9.2.5.6.2Rest of Europe Thermochromic Pigments Market by Application Type
9.3.ASIA-PACIFIC
9.3.1Asia-Pacific Thermochromic Pigments Market Overview
9.3.2Asia-Pacific Thermochromic Pigments Market Forecasts and Analysis
9.3.3Asia-Pacific Thermochromic Pigments Market Forecasts and Analysis - By Product Type
9.3.4Asia-Pacific Thermochromic Pigments Market Forecasts and Analysis - By Application Type
9.3.5Asia-Pacific Thermochromic Pigments Market Forecasts and Analysis - By Countries
9.3.5.1Australia Thermochromic Pigments Market
9.3.5.1.1Australia Thermochromic Pigments Market by Product Type
9.3.5.1.2Australia Thermochromic Pigments Market by Application Type
9.3.5.2China Thermochromic Pigments Market
9.3.5.2.1China Thermochromic Pigments Market by Product Type
9.3.5.2.2China Thermochromic Pigments Market by Application Type
9.3.5.3India Thermochromic Pigments Market
9.3.5.3.1India Thermochromic Pigments Market by Product Type
9.3.5.3.2India Thermochromic Pigments Market by Application Type
9.3.5.4Japan Thermochromic Pigments Market
9.3.5.4.1Japan Thermochromic Pigments Market by Product Type
9.3.5.4.2Japan Thermochromic Pigments Market by Application Type
9.3.5.5South Korea Thermochromic Pigments Market
9.3.5.5.1South Korea Thermochromic Pigments Market by Product Type
9.3.5.5.2South Korea Thermochromic Pigments Market by Application Type
9.3.5.6Rest of Asia-Pacific Thermochromic Pigments Market
9.3.5.6.1Rest of Asia-Pacific Thermochromic Pigments Market by Product Type
9.3.5.6.2Rest of Asia-Pacific Thermochromic Pigments Market by Application Type
9.4.MIDDLE EAST AND AFRICA
9.4.1Middle East and Africa Thermochromic Pigments Market Overview
9.4.2Middle East and Africa Thermochromic Pigments Market Forecasts and Analysis
9.4.3Middle East and Africa Thermochromic Pigments Market Forecasts and Analysis - By Product Type
9.4.4Middle East and Africa Thermochromic Pigments Market Forecasts and Analysis - By Application Type
9.4.5Middle East and Africa Thermochromic Pigments Market Forecasts and Analysis - By Countries
9.4.5.1South Africa Thermochromic Pigments Market
9.4.5.1.1South Africa Thermochromic Pigments Market by Product Type
9.4.5.1.2South Africa Thermochromic Pigments Market by Application Type
9.4.5.2Saudi Arabia Thermochromic Pigments Market
9.4.5.2.1Saudi Arabia Thermochromic Pigments Market by Product Type
9.4.5.2.2Saudi Arabia Thermochromic Pigments Market by Application Type
9.4.5.3U.A.E Thermochromic Pigments Market
9.4.5.3.1U.A.E Thermochromic Pigments Market by Product Type
9.4.5.3.2U.A.E Thermochromic Pigments Market by Application Type
9.4.5.4Rest of Middle East and Africa Thermochromic Pigments Market
9.4.5.4.1Rest of Middle East and Africa Thermochromic Pigments Market by Product Type
9.4.5.4.2Rest of Middle East and Africa Thermochromic Pigments Market by Application Type
9.5.SOUTH AND CENTRAL AMERICA
9.5.1South and Central America Thermochromic Pigments Market Overview
9.5.2South and Central America Thermochromic Pigments Market Forecasts and Analysis
9.5.3South and Central America Thermochromic Pigments Market Forecasts and Analysis - By Product Type
9.5.4South and Central America Thermochromic Pigments Market Forecasts and Analysis - By Application Type
9.5.5South and Central America Thermochromic Pigments Market Forecasts and Analysis - By Countries
9.5.5.1Brazil Thermochromic Pigments Market
9.5.5.1.1Brazil Thermochromic Pigments Market by Product Type
9.5.5.1.2Brazil Thermochromic Pigments Market by Application Type
9.5.5.2Argentina Thermochromic Pigments Market
9.5.5.2.1Argentina Thermochromic Pigments Market by Product Type
9.5.5.2.2Argentina Thermochromic Pigments Market by Application Type
9.5.5.3Rest of South and Central America Thermochromic Pigments Market
9.5.5.3.1Rest of South and Central America Thermochromic Pigments Market by Product Type
9.5.5.3.2Rest of South and Central America Thermochromic Pigments Market by Application Type
10.INDUSTRY LANDSCAPE
10.1.MERGERS AND ACQUISITIONS
10.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3.NEW PRODUCT LAUNCHES
10.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11.THERMOCHROMIC PIGMENTS MARKET, KEY COMPANY PROFILES
11.1.CHROMATIC TECHNOLOGIES INC.
11.1.1.Key Facts
11.1.2.Business Description
11.1.3.Products and Services
11.1.4.Financial Overview
11.1.5.SWOT Analysis
11.1.6.Key Developments
11.2.E. I. DUPONT DE NEMOURS AND COMPANY
11.2.1.Key Facts
11.2.2.Business Description
11.2.3.Products and Services
11.2.4.Financial Overview
11.2.5.SWOT Analysis
11.2.6.Key Developments
11.3.HALI PIGMENT CO.,LTD.
11.3.1.Key Facts
11.3.2.Business Description
11.3.3.Products and Services
11.3.4.Financial Overview
11.3.5.SWOT Analysis
11.3.6.Key Developments
11.4.HAMMER PACKAGING
11.4.1.Key Facts
11.4.2.Business Description
11.4.3.Products and Services
11.4.4.Financial Overview
11.4.5.SWOT Analysis
11.4.6.Key Developments
11.5.LCR HALLCREST LLC
11.5.1.Key Facts
11.5.2.Business Description
11.5.3.Products and Services
11.5.4.Financial Overview
11.5.5.SWOT Analysis
11.5.6.Key Developments
11.6.OLIKROM
11.6.1.Key Facts
11.6.2.Business Description
11.6.3.Products and Services
11.6.4.Financial Overview
11.6.5.SWOT Analysis
11.6.6.Key Developments
11.7.RPM INTERNATIONAL INC.
11.7.1.Key Facts
11.7.2.Business Description
11.7.3.Products and Services
11.7.4.Financial Overview
11.7.5.SWOT Analysis
11.7.6.Key Developments
11.8.SFXC
11.8.1.Key Facts
11.8.2.Business Description
11.8.3.Products and Services
11.8.4.Financial Overview
11.8.5.SWOT Analysis
11.8.6.Key Developments
11.9.SMAROL INDUSTRY CO. LTD.
11.9.1.Key Facts
11.9.2.Business Description
11.9.3.Products and Services
11.9.4.Financial Overview
11.9.5.SWOT Analysis
11.9.6.Key Developments
11.10.THE 3M COMPANY
11.10.1.Key Facts
11.10.2.Business Description
11.10.3.Products and Services
11.10.4.Financial Overview
11.10.5.SWOT Analysis
11.10.6.Key Developments
12.APPENDIX
12.1.ABOUT THE INSIGHT PARTNERS
12.2.GLOSSARY OF TERMS
1. Chromatic Technologies Inc.
2. E. I. DuPont de Nemours and Company
3. Hali Pigment co.,ltd.
4. Hammer Packaging
5. LCR Hallcrest LLC
6. OliKrom
7. RPM International Inc.
8. SFXC
9. Smarol Industry Co. Ltd.
10. The 3M Company
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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