Thermochromic Pigments Market Witness Extraordinary Extension In The Next Five Years | QCR Solutions Corp, Matsui Color, Devine Chemicals Ltd

The global thermochromic pigments market was valued 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. Thermochromic pigments, being an innovation-driven industry has witnessed an increase in R&D activities. Increase in competition in the end-user markets has led to product innovation. The market players have heavily invested in R&D activities to introduce and develop new products with more advanced and new features.

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Thermochromic pigments are classified under specialty pigments that have superior property of color changing with a change in temperature. Thermochromic pigments are insoluble materials incorporated by physically mixing them with the medium. They have a high tinting strength as compared to the material in which they are added. These pigments serve numerous our main functions: impart color to the medium, change color according to temperature, hide the substrate and efface the existing color, and enhance the strength of the paint film.

Depending upon the type of thermochromics, the global thermochromic pigments market is segmented into reversible and irreversible thermochromic pigments. In term of application, the thermochromic pigments are widely used in paint & coating, ink printing, and plastic products to either show the temperature change or to increase aesthetics of the product. The usage of thermochromic pigments based ink can be usually seen in beer wrappers indicating the coldness of beer or sticker on the pizza delivery boxes indicating hotness of the pizza.

The global thermochromic pigments market is segmented on the basis of type, end-use industry and region. Depending on type, the thermochromic pigments market is divided into reversible thermochromic pigments 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.

KEY BENEFITS FOR STAKEHOLDERS

u The report provides an in-depth analysis of the thermochromic pigments market forecast along with the current and future market trends
u This report highlights the key drivers, opportunities, and restraints of the market along with the impact analyses during the forecast period
u 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
u A comprehensive thermochromic pigments market analysis covers factors that drive and restrain market growth
u The qualitative data in this report aims on market dynamics, trends, and developments

KEY MARKET PLAYERS
- OliKrom
- QCR Solutions Corp
- Matsui Color
- Devine Chemicals Ltd
- New Color Chemical Limited
- RPM International
- DuPont
- CTI and Flint Group

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

Reasons to Purchase this Report:
Analyzing the outlook of the market with the current tendencies and SWOT analysis.
Market dynamics scenario, alongside with increase possibilities of the market in the years to come.
Market segmentation evaluation which include qualitative and quantitative lookup incorporating the have an effect on of monetary and non-economic aspects.
Regional and use degree evaluation integrating the demand and grant forces that are influencing the boom of the market.
Market fee (USD Million) and extent (Units Million) facts for every phase and sub-segment
Competitive panorama involving the market share of principal players, alongside with the new initiatives and techniques adopted by means of gamers in the previous years.
Comprehensive organization profiles masking the product offerings, key economic information, latest developments, SWOT analysis, and techniques employed through the predominant market players.

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