Thermochromic Materials Market Size, Share, Trend, Forecast, & Industry Analysis – 2021-2026

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Presents a Research Report on
Thermochromic Materials Market
The Thermochromic Materials Market is Segmented
by Product Type (Reversible and Irreversible), by
Material Type (Leuco Dyes, Liquid Crystals,
Pigments, and Others Vanadium Oxide (Vo2) and
Copper (I)-Iodide), by End-Use Industry Type
(Packaging, Printing Coating, Medical, Textile,
Industrial, and Others), and by Region (North
America, Europe, Asia-Pacific, and Rest of the
World)


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Thermochromic Materials Market Growth and
Forecast Highlights Drivers

• Thermochromic materials market is likely to
  witness an impressive CAGR of 9.2 during the
  forecast period.
• The growing demand for thermochromic materials is
  mainly due to their superior and efficient
  properties and their wide usage in various
  applications.
• Thermochromic materials are generally organic
  leuco-dye mixtures, formed by color former, color
  developer, and solvent.
• They change reversibly/irreversibly their color
  by change in temperature. Color transition is on
  account of a change in structure and crystalline
  phase.

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Market Insights

• By Product Type
• The market is segmented as reversible and
  irreversible.
• The irreversible segment held the larger share of
  the market in 2020, and is expected to remain
  dominant during the forecast period.
• Irreversible thermochromic materials are widely
  used in packaging, security inks, and other
  coating applications as the color remains
  unchanged, once the activation temperature is
  reached, and due to increasing demand in the
  medical applications the demand for these
  thermochromic materials is increasing.
• By Material Type
• The market is segmented as leuco dyes, liquid
  crystals, pigments, and others.
• The leuco dyes segment is expected to remain
  dominant during the forecast period.
• Thermochromic materials made of leuco dyes are
  specialized dynamic materials that change color
  when exposed to different temperatures.
• Leuco dyes are used in a number of applications
  where temperature response accuracy is not
  critical, such as novelties, bath toys, flying
  discs, textiles, and consumer goods.
• They are also used in battery state indicators.

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Market Insights

• By End-Use Industry Type
• The market is segmented as packaging, printing
  coating, medical, textile, industrial, and
  others.
• The printing coating segment leads the market.
• Thermochromic materials are also widely used in
  security printing applications such as
  certificates, vouchers, tickets, stock
  certificates, tax stamps, passports,
  tamper-evident labels, and others.
• The property of thermochromic materials to change
  their color with changing temperature
  reversibly/irreversibly promotes their demand in
  several applications.
• By Region
• Europe is estimated to be the largest and
  Asia-Pacific is estimated to be the
  fastest-growing thermochromic materials market
  during the forecast period, with Germany, the UK,
  France, and Italy being the major countries
  offering lucrative growth opportunities driven by
  the smart packaging industry in the western part
  of Europe.
• China and India are the growth engines of the
  Asia-Pacific region.

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Competitive Insights
Thermochromic Materials Market, regional
expansion, and execution of mergers
acquisitions are the key strategies adopted by
the major players to gain a competitive edge in
the market. Key Companies Analysed

• Chromatic Technologies Inc.
• GEM'INNOV
• Hali Industrial Co., Ltd.
• Kolorjet Chemicals Pvt Ltd.
• Kolortek Co., Ltd.
• LCR Hallcrest Ltd.
• Matsui International Company, Inc.
• New Prismatic Enterprise Co., Ltd.
• OliKrom
• Smarol Industry Co., Ltd.

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Research Methodology
Data Analysis Top Down and Bottom Up Approach)
Data Triangulation Data Evaluation and Multiple
Data Triangulation)
Final Deliverables Final Report with All Findings)
Stratview Research follows a rigorous methodology
with high emphasis on primary research and
multiple ways of data triangulation. We conduct
primary research across the value chain to
provide 360 degree view of the market.
Secondary Research
Stratview Research Internal Knowledgebase
Primary Research

• Annual Reports / Fact Book
• Company Websites
• Magazines / Publications
• Press Releases Journals
• Industry News
• Association Articles
• Government Documents
• Social Media
• Others

• Robust database across value chain
• In-house industry veterans as advisors
• Project based subject matter experts

• Industry Players
• Industry Experts
• Suppliers
• Customers
• Associations
• Government Institutions
• Others

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Report Features

• This report provides market intelligence in the
  most comprehensive way. The report structure has
  been kept such that it offers maximum business
  value. It provides critical insights on the
  market dynamics and will enable strategic
  decision making for the existing market players
  as well as those willing to enter the market. The
  following are the key features of the report
• Market structure Overview, industry life cycle
  analysis, supply chain analysis.
• Market environment analysis Growth drivers and
  constraints, Porters five forces analysis, SWOT
  analysis.
• Market trend and forecast analysis.
• Market segment trend and forecast.
• Competitive landscape and dynamics Market share,
  product portfolio, product launches, etc.
• Attractive market segments and associated growth
  opportunities.
• Emerging trends.
• Strategic growth opportunities for the existing
  and new players.
• Key success factors.

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Market Segmentation

• The thermochromic materials market is segmented
  into the following categories.
• Thermochromic Materials Market Size, Share,
  Forecast, by Product Type
• Reversible (Regional Analysis North America,
  Europe, Asia-Pacific, and RoW)
• Irreversible (Regional Analysis North America,
  Europe, Asia-Pacific, and RoW)
• Thermochromic Materials Market Size, Share,
  Forecast, by Material Type
• Leuco Dyes (Regional Analysis North America,
  Europe, Asia-Pacific, and RoW)
• Liquid Crystals (Regional Analysis North
  America, Europe, Asia-Pacific, and RoW)
• Pigments (Regional Analysis North America,
  Europe, Asia-Pacific, and RoW)
• Others
• (Regional Analysis North America, Europe,
  Asia-Pacific, and RoW)
• (Material Type Analysis Vanadium Oxide (Vo2) and
  Copper (I)-Iodide)
• Thermochromic Materials Market Size, Share,
  Forecast, by End-Use Industry Type
• Packaging (Regional Analysis North America,
  Europe, Asia-Pacific, and RoW)
• Printing Coating (Regional Analysis North
  America, Europe, Asia-Pacific, and RoW)
• Medical (Regional Analysis North America,
  Europe, Asia-Pacific, and RoW)
• Textile (Regional Analysis North America,
  Europe, Asia-Pacific, and RoW)
• Industrial (Regional Analysis North America,
  Europe, Asia-Pacific, and RoW)
• Others (Regional Analysis North America, Europe,
  Asia-Pacific, and RoW)

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Market Segmentation

• Thermochromic Materials Market Size, Share,
  Forecast, by Region
• North America (Country Analysis the USA, Canada,
  and Mexico)
• Europe (Country Analysis Germany, France, the
  UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis China, Japan,
  India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis Latin
  America, the Middle East, and Others)

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