Press release
Thermochromic Material Market Statistics 2020-2030: Global market is projected to reach $1.3 billion by 2030
Thermochromic Material Market
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The report offers detailed segmentation of the global thermochromic material market based on end use, type, and region.
Based on end use, the leuco dyes segment held the highest market share in 2020, holding nearly two-fifths of the total market share, and is expected to continue its leadership status during the forecast period. However, the others segment is estimated to register the highest CAGR of 4.0% from 2021 to 2030.
Based on type, both the reversible and irreversible segment held the equal market share in 2020, holding more than half of the global thermochromic material market. However, the irreversible segment is expected to continue its leadership status during the forecast period. Moreover, the irreversible segment is also projected to register the highest CAGR of 3.4% from 2021 to 2030.
On the other hand, the pharmaceutical and healthcare industry witnessed a significant growth, which led to increasing demand for thermochromic material across the globe.
In addition, online shopping increased the demand for packaging & printing during the pandemic, thereby, fueling the thermochromic material market globally
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Based on region, Asia-Pacific contributed to the highest share in terms of revenue in 2020, holding nearly two-fifths of the total market share, and is estimated to continue its dominant share by 2030. However, both Europe and Asia-Pacific is projected to manifest the fastest CAGR of 3.5% during the forecast period.
Leading players of the global thermochromic material market analyzed in the research include OliKrom (France), LCR Hallcrest (U.S.), Chromatic Technologies (CTI) (US), Matsui International Company (U.S.), New Prisematic Enterprise (Taiwan), Smarol Industry (China), GEMINNOV (France), Hali Industrial (China), Kolorjet (India), and Kolortek (China).
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Key Market Segments
By Type
Reversible
Irreversible
By Material
Leuco Dyes
Liquid crystals
Pigments
Others
By End-Use Industry
Packaging
Printing & Coating
Medical
Textile
Industrial
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
Italy
Spain
UK
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
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