Sikkim Journal

Global Thermochromic Materials Market to be driven at a CAGR of 9.8% in the Forecast Period of 2021-2026

 Breaking News
  • No posts were found

Global Thermochromic Materials Market to be driven at a CAGR of 9.8% in the Forecast Period of 2021-2026

August 27
16:56 2021
Global Thermochromic Materials Market to be driven at a CAGR of 9.8% in the Forecast Period of 2021-2026
Global Thermochromic Materials Market Report and Forecast 2021-2026
Global Thermochromic Materials Market Size, Share, Key Players, Demand, Growth, Analysis, Research Report 2021-2026 | EMR Inc.

The new report by Expert Market Research titled, ‘Global Thermochromic Materials Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global thermochromic materials market, assessing the market based on its segments like type, material, end-use, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

Get a Free Sample Report with Table of Contents: https://www.expertmarketresearch.com/reports/thermochromic-materials-market/requestsample

The key highlights of the report include:

Market Overview (2021-2026)

  • Historical Market Size (2020): USD 1.5 Billion
  • Forecast CAGR (2021-2026): 9.8%
  • Forecast Market Size (2026): USD 2.6 Billion

The growth of global thermochromic material is driven by its applications across various end use industries. The demand from textile sector for application in home furnishing and apparels is expected to propel the market growth. Additionally, the utilisation of thermochromic ink in various industrial temperature indicators will likely aid the growth. Moreover, the demand for irreversible thermochromic ink for application in security labels, food & beverages packaging labels and products labels among others is anticipated to increase over the forecast period. However, the reversible thermochromic material are projected to hold the largest share in the global market.

Industry Definition and Major Segments

Thermochromic materials refers to temperature sensitive substances which exhibit change in colour on account of variation in temperature. These changes can be reversible or irreversible. Thermochromic materials find application in various temperature indicators in industries, and chemical reactors, among others.

Explore full report with table of contents: https://www.expertmarketresearch.com/reports/thermochromic-materials-market

Based on type, the thermochromic materials market can be divided into:

  • Reversible
  • Irreversible

Based on material, the thermochromic materials market is divided into:

  • Leuco Dyes
  • Liquid Crystals
  • Pigments
  • Others

The industry can be broadly categorised based on the end-use segments into:

  • Packaging
  • Printing and Coating
  • Medical
  • Textile
  • Industrial
  • Others

 The regional markets for thermochromic materials include:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

Regionally, the North America is expected to have largest share for the global thermochromic materials market over the forecast period. This can be attributed to the increasing application of thermochromic substances such as inks & pigments, and polymers in various decoration materials, clothing apparels, and other consumer goods.  Meanwhile, Asia Pacific is expected to witness the fastest growth owing to rapid industrialisation and rising demand for thermochromic consumer goods such as footwears and clothing apparels from countries such as Japan and Korea. Furthermore, regions such as Europe, Latin America and Middle East & Africa are expected to show moderate growth rate due to increasing awareness and availability of thermochromic materials.

Key Market Players

The major players in the market are Olikrom, LCR Hallcrest LLC, Good Life Innovations Ltd, Hali Industrial Co. Ltd, Smarol Industrial Co. Ltd., Gem’Innov, and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

Read More  Reports:

Carbon Felt and Graphite Felt Market: https://www.expertmarketresearch.com/reports/carbon-felt-and-graphite-felt-market

Pour Point Depressants Market: https://www.expertmarketresearch.com/reports/pour-point-depressants-market

Waste Management Market: https://www.expertmarketresearch.com/reports/waste-management-market

Silicone Oil Market: https://www.expertmarketresearch.com/reports/silicone-oil-market

Abaca Fibre Market: https://www.expertmarketresearch.com/reports/abaca-fibre-market

Copper Foil Market: https://www.expertmarketresearch.com/reports/copper-foil-market

Sandblasting Media Market: https://www.expertmarketresearch.com/reports/sandblasting-media-market

Aerogel Insulation Market: https://www.expertmarketresearch.com/reports/aerogel-insulation-market

India Extra Neutral Alcohol (ENA) Market: https://www.expertmarketresearch.com/reports/india-extra-neutral-alcohol-ena-market

Biocides Market: https://www.expertmarketresearch.com/reports/biocides-market


Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.

Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Explore our services: Procurement Intelligence

*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

Content Source

Media Contact
Company Name: Expert Market Research
Contact Person: Matt Johnson
Email: Send Email
Phone: +1-415-325-5166
Address:30 North Gould Street
City: Sheridan
State: Wyoming
Country: United States
Website: https://www.expertmarketresearch.com/

Related Articles