Thermochromic Paints and Coatings Market Growth Drivers, Trends, and Forecast by 2031

MARKET INTRODUCTION

Thermochromic paints & coatings are the special coating with properties of changing colour with changes in temperature. The thermochromic paints & coatings are used for getting an indication on the change of temperature. It can be organic or inorganic and can be further used as thermochromatic liquid crystal, leuco dyes, and other forms. Some examples of thermochromic paints and coatings are cuprous mercury iodide, Silver mercury iodide, Mercury (II) iodide Vanadium dioxide, Ammonium metavanadate, etc. it is used by various industries such as food & beverages, printing inks, paper, textile, cosmetics, etc.

MARKET DYNAMICS

The global thermochromic paints & coatings market is growing at a significant pace owing to driving factors such as increasing demand for microencapsulated pigments due to its irreversible pigment properties. Furthermore, Increasing usage in building and construction industry due to its characteristics of adoption with the temperature is likely to drive the demand for thermochromic paints & coatings in the coming years. However, high cost of reversible pigments and single usage properties of irreversible pigments is projected to hinder the growth of thermochromic paints & coatings market. Likewise, development of number of colour offerings and expanding area of usage may provide a lucrative opportunity for the market players in the near future.

MARKET SCOPE

The "Global thermochromic paints & coatings Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the thermochromic paints & coatings market with detailed market segmentation by product, pigment type, end-user industry, and geography. The global thermochromic paints & coatings market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading thermochromic paints & coatings market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global thermochromic paints & coatings thermochromic paints & coatings market is segmented on the basis of product, pigment type and end-user industry. On the basis of product, the thermochromic paints & coatings market is segmented into, liquid crystal material, leuco dyes and inorganic materials. On the basis of pigment type, the market is bifurcated into, reversible thermochromic pigments and irreversible thermochromic pigments. Based on end-user industry, the global thermochromic paints & coatings thermochromic paints & coatings market is segmented into, food & beverages, paints & coatings, printing ink, paper, textile, cosmetics, plastic & polymers and others.

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 paints & coatings market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The thermochromic paints & coatings 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 paints & coatings market from both demand and supply side and further evaluates market dynamics affecting the market during 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 paints & coatings market in these regions.

MARKET PLAYERS

The reports cover key developments in the thermochromic paints & coatings 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 market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from thermochromic paints & coatings market are anticipated to lucrative growth opportunities in the future with the rising demand for thermochromic paints & coatings in the global market. Below mentioned is the list of few companies engaged in the thermochromic paints & coatings market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the thermochromic paints & coatings 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.

•  Akzonobel N.V.
•  Asian Paints Limited
•  Axalta Coating Systems Llc.
•  Berger Paints India Limited
•  Deutsche Amphibolin Werke
•  Hempel
•  Jotun Group
•  Kansai Paint Co. Ltd.
•  Masco Corporation
•  Nippon Paint Pvt. Ltd.

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.

Thermochromic Paints and Coatings Report Scope