Thermochromic Pigment Market Research Report – Global Forecast till 2030

Thermochromic Pigment Market Research Report: by Product (Liquid Crystal Material, Leuco Dyes), Pigment Type (Reversible Thermochromic Pigments, Irreversible Thermochromic Pigments), End-Use Industry (Printing Ink), Region - Forecast to 2030

ID: MRFR/CnM/5940-HCR | August 2022 | Region: Global | 140 Pages         

TABLE OF CONTENTS

1 Executive Summary

2 Market Introduction

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 List of Assumptions

2.4 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

3.5 Forecast Model

4 Market Dynamics of Global Thermochromic Pigment Market

4.1 Introduction

4.2 Drivers

4.3 Restraints

4.4 Opportunities

4.5 Challenges

4.6 Trends/Technology

5 Market Factor Analysis of Global Thermochromic Pigment Market

5.1 Supply Chain Analysis

5.1.1 Raw Material Suppliers

5.1.2 Manufacturers/Producers

5.1.3 Distributors/Retailers/Wholesalers/E-Commerce

5.1.4 End–User

5.2 Porter’s Five Forces Analysis

5.2.1 Threat of New Entrants

5.2.2 Bargaining Power of Buyers

5.2.3 Bargaining Power of Suppliers

5.2.4 Threat of Substitutes

5.2.5 Intensity of Competitive Rivalry

5.3 Pricing Analysis

6. Global Thermochromic Pigment Market, by Product

6.1 Introduction

6.2 Liquid Crystal Material

6.2.1 Market Estimates & Forecast, 2020βˆ’2027

6.2.2 Market Estimates & Forecast, by Region, 2020βˆ’2027

6.3 Leuco Dyes

6.3.1 Market Estimates & Forecast, 2020βˆ’2027

6.3.2 Market Estimates & Forecast, by Region, 2020βˆ’2027

6.4 Inorganic Materials

6.4.1 Market Estimates & Forecast, 2020βˆ’2027

6.4.2 Market Estimates & Forecast, by Region, 2020βˆ’2027

7. Global Thermochromic Pigment Market, by Pigment Type

7.1 Introduction

7.2 Reversible Thermochromic Pigments

7.2.1 Market Estimates & Forecast, 2020βˆ’2027

7.2.2 Market Estimates & Forecast, by Region, 2020βˆ’2027

7.3 Irreversible Thermochromic Pigments

7.3.1 Market Estimates & Forecast, 2020βˆ’2027

7.3.2 Market Estimates & Forecast, by Region, 2020βˆ’2027

8. Global Thermochromic Pigment Market, by End-Use Industry

8.1 Introduction

8.2 Food & Beverages

8.2.1 Market Estimates & Forecast, 2020βˆ’2027

8.3 Paints & Coatings

8.3.1 Market Estimates & Forecast, 2020βˆ’2027

8.3.2 Market Estimates & Forecast, by Region, 2020βˆ’2027

8.4 Printing Ink

8.4.1 Market Estimates & Forecast, 2020βˆ’2027

8.4.2 Market Estimates & Forecast, by Region, 2020βˆ’2027

8.5 Paper

8.5.1 Market Estimates & Forecast, 2020βˆ’2027

8.5.2 Market Estimates & Forecast, by Region, 2020βˆ’2027

8.6 Textile

8.6.1 Market Estimates & Forecast, 2020βˆ’2027

8.6.2 Market Estimates & Forecast, by Region, 2020βˆ’2027

8.7 Cosmetics

8.7.1 Market Estimates & Forecast, 2020βˆ’2027

8.7.2 Market Estimates & Forecast, by Region, 2020βˆ’2027

8.8 Plastic & Polymers

8.8.1 Market Estimates & Forecast, 2020βˆ’2027

8.8.2 Market Estimates & Forecast, by Region, 2020βˆ’2027

8.9 Others

8.9.1 Market Estimates & Forecast, 2020βˆ’2027

8.9.2 Market Estimates & Forecast, by Region, 2020βˆ’2027

9. Global Chromatography Resin Market, by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2020βˆ’2027

9.2.2 Market Estimates & Forecast, by Product, 2020βˆ’2027

9.2.3 Market Estimates & Forecast, by Pigment Type, 2020βˆ’2027

9.2.4 Market Estimates & Forecast, by End-Use Industry, 2020βˆ’2027

9.2.5 US

9.2.5.1 Market Estimates & Forecast, 2020βˆ’2027

9.2.5.2 Market Estimates & Forecast, by Product, 2020βˆ’2027

9.2.5.3 Market Estimates & Forecast, by Pigment Type, 2020βˆ’2027

9.2.5.4 Market Estimates & Forecast, by End-Use Industry, 2020βˆ’2027

9.2.6 Canada

9.2.6.1 Market Estimates & Forecast, 2020βˆ’2027

9.2.6.2 Market Estimates & Forecast, by Product, 2020βˆ’2027

9.2.6.3 Market Estimates & Forecast, by Pigment Type, 2020βˆ’2027

9.2.6.4 Market Estimates & Forecast, by End-Use Industry, 2020βˆ’2027

9.3 Europe

9.3.1 Market Estimates & Forecast, 2020βˆ’2027

9.3.2 Market Estimates & Forecast, by Product, 2020βˆ’2027

9.3.3 Market Estimates & Forecast, by Pigment Type, 2020βˆ’2027

9.3.4 Market Estimates & Forecast, by End-Use Industry, 2020βˆ’2027

9.3.5 Germany

9.3.5.1 Market Estimates & Forecast, 2020βˆ’2027

9.3.5.2 Market Estimates & Forecast, by Product, 2020βˆ’2027

9.3.5.3 Market Estimates & Forecast, by Pigment Type, 2020βˆ’2027

9.3.5.4 Market Estimates & Forecast, by End-Use Industry, 2020βˆ’2027

9.3.6 France

9.3.6.1 Market Estimates & Forecast, 2020βˆ’2027

9.3.6.2 Market Estimates & Forecast, by Product, 2020βˆ’2027

9.3.6.3 Market Estimates & Forecast, by Pigment Type, 2020βˆ’2027

9.3.6.4 Market Estimates & Forecast, by End-Use Industry, 2020βˆ’2027

9.3.7 Italy

9.3.7.1 Market Estimates & Forecast, 2020βˆ’2027

9.3.7.2 Market Estimates & Forecast, by Product, 2020βˆ’2027

9.3.7.3 Market Estimates & Forecast, by Pigment Type, 2020βˆ’2027

9.3.7.4 Market Estimates & Forecast, by End-Use Industry, 2020βˆ’2027

9.3.8 Spain

9.3.8.1 Market Estimates & Forecast, 2020βˆ’2027

9.3.8.2 Market Estimates & Forecast, by Product,2020βˆ’2027

9.3.8.3 Market Estimates & Forecast, by Pigment Type,2020βˆ’2027

9.3.8.4 Market Estimates & Forecast, by End-Use Industry,2020βˆ’2027

9.3.9 UK

9.3.9.1 Market Estimates & Forecast, 2020βˆ’2027

9.3.9.2 Market Estimates & Forecast, by Product,2020βˆ’2027

9.3.9.3 Market Estimates & Forecast, by Pigment Type,2020βˆ’2027

9.3.9.4 Market Estimates & Forecast, by End-Use Industry,2020βˆ’2027

9.3.10 Russia

9.3.10.1 Market Estimates & Forecast, 2020βˆ’2027

9.3.10.2 Market Estimates & Forecast, by Product,2020βˆ’2027

9.3.10.3 Market Estimates & Forecast, by Pigment Type,2020βˆ’2027

9.3.10.4 Market Estimates & Forecast, by End-Use Industry,2020βˆ’2027

9.3.11 Poland

9.3.11.1 Market Estimates & Forecast, 2020βˆ’2027

9.3.11.2 Market Estimates & Forecast, by Product, 2020βˆ’2027

9.3.11.3 Market Estimates & Forecast, by Pigment Type, 2020βˆ’2027

9.3.11.4 Market Estimates & Forecast, by End-Use Industry, 2020βˆ’2027

9.3.12 Rest of Europe

9.3.12.1 Market Estimates & Forecast, 2020βˆ’2027

9.3.12.2 Market Estimates & Forecast, by Product, 2020βˆ’2027

9.3.12.3 Market Estimates & Forecast, by Pigment Type, 2020βˆ’2027

9.3.12.4 Market Estimates & Forecast, by End-Use Industry, 2020βˆ’2027

9.4 Asia-Pacific

9.4.1 Market Estimates & Forecast, 2020βˆ’2027

9.4.2 Market Estimates & Forecast, by Product, 2020βˆ’2027

9.4.3 Market Estimates & Forecast, by Pigment Type, 2020βˆ’2027

9.4.4 Market Estimates & Forecast, by End-Use Industry, 2020βˆ’2027

9.4.5 China

9.4.5.1 Market Estimates & Forecast, 2020βˆ’2027

9.4.5.2 Market Estimates & Forecast, by Product, 2020βˆ’2027

9.4.5.3 Market Estimates & Forecast, by Pigment Type, 2020βˆ’2027

9.4.5.4 Market Estimates & Forecast, by End-Use Industry, 2020βˆ’2027

9.4.6 India

9.4.6.1 Market Estimates & Forecast, 2020βˆ’2027

9.4.6.2 Market Estimates & Forecast, by Product, 2020βˆ’2027

9.4.6.3 Market Estimates & Forecast, by Pigment Type, 2020βˆ’2027

9.4.6.4 Market Estimates & Forecast, by End-Use Industry, 2020βˆ’2027

9.4.7 Japan

9.4.7.1 Market Estimates & Forecast, 2020βˆ’2027

9.4.7.2 Market Estimates & Forecast, by Product, 2020βˆ’2027

9.4.7.3 Market Estimates & Forecast, by Pigment Type, 2020βˆ’2027

9.4.7.4 Market Estimates & Forecast, by End-Use Industry, 2020βˆ’2027

9.4.8 Australia & New Zealand

9.4.8.1 Market Estimates & Forecast, 2020βˆ’2027

9.4.8.2 Market Estimates & Forecast, by Product, 2020βˆ’2027

9.4.8.3 Market Estimates & Forecast, by Pigment Type, 2020βˆ’2027

9.4.8.4 Market Estimates & Forecast, by End-Use Industry, 2020βˆ’2027

9.4.9 Rest of Asia-Pacific

9.4.9.1 Market Estimates & Forecast, 2020βˆ’2027

9.4.9.2 Market Estimates & Forecast, by Product, 2020βˆ’2027

9.4.9.3 Market Estimates & Forecast, by Pigment Type, 2020βˆ’2027

9.4.9.4 Market Estimates & Forecast, by End-Use Industry, 2020βˆ’2027

9.5 Middle East & Africa

9.5.1 Market Estimates & Forecast, 2020βˆ’2027

9.5.2 Market Estimates & Forecast, by Product, 2020βˆ’2027

9.5.3 Market Estimates & Forecast, by Pigment Type, 2020βˆ’2027

9.5.4 Market Estimates & Forecast, by End-Use Industry, 2020βˆ’2027

9.5.5 GCC

9.5.5.1 Market Estimates & Forecast, 2020βˆ’2027

9.5.5.2 Market Estimates & Forecast, by Product, 2020βˆ’2027

9.5.5.3 Market Estimates & Forecast, by Pigment Type, 2020βˆ’2027

9.5.5.4 Market Estimates & Forecast, by End-Use Industry, 2020βˆ’2027

9.5.6 Israel

9.5.6.1 Market Estimates & Forecast, 2020βˆ’2027

9.5.6.2 Market Estimates & Forecast, by Product, 2020βˆ’2027

9.5.6.3 Market Estimates & Forecast, by Pigment Type, 2020βˆ’2027

9.5.6.4 Market Estimates & Forecast, by End-Use Industry, 2020βˆ’2027

9.5.7 North Africa

9.5.7.1 Market Estimates & Forecast, 2020βˆ’2027

9.5.7.2 Market Estimates & Forecast, by Product, 2020βˆ’2027

9.5.7.3 Market Estimates & Forecast, by Pigment Type, 2020βˆ’2027

9.5.7.4 Market Estimates & Forecast, by End-Use Industry, 2020βˆ’2027

9.5.8 South Africa

9.5.8.1 Market Estimates & Forecast, 2020βˆ’2027

9.5.8.2 Market Estimates & Forecast, by Product, 2020βˆ’2027

9.5.8.3 Market Estimates & Forecast, by Pigment Type, 2020βˆ’2027

9.5.8.4 Market Estimates & Forecast, by End-Use Industry, 2020βˆ’2027

9.5.9 Rest of Middle East & Africa

9.5.9.1 Market Estimates & Forecast, 2020βˆ’2027

9.5.9.2 Market Estimates & Forecast, by Product, 2020βˆ’2027

9.5.9.3 Market Estimates & Forecast, by Pigment Type, 2020βˆ’2027

9.5.9.4 Market Estimates & Forecast, by End-Use Industry, 2020βˆ’2027

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2020βˆ’2027

9.6.2 Market Estimates & Forecast, by Product, 2020βˆ’2027

9.6.3 Market Estimates & Forecast, by Pigment Type, 2020βˆ’2027

9.6.4 Market Estimates & Forecast, by End-Use Industry, 2020βˆ’2027

9.6.5 Brazil

9.6.5.1 Market Estimates & Forecast, 2020βˆ’2027

9.6.5.2 Market Estimates & Forecast, by Product, 2020βˆ’2027

9.6.5.3 Market Estimates & Forecast, by Pigment Type, 2020βˆ’2027

9.6.5.4 Market Estimates & Forecast, by End-Use Industry, 2020βˆ’2027

9.6.6 Argentina

9.6.6.1 Market Estimates & Forecast, 2020βˆ’2027

9.6.6.2 Market Estimates & Forecast, by Product, 2020βˆ’2027

9.6.6.3 Market Estimates & Forecast, by Pigment Type, 2020βˆ’2027

9.6.6.4 Market Estimates & Forecast, by End-Use Industry, 2020βˆ’2027

9.6.7 Mexico

9.6.7.1 Market Estimates & Forecast, 2020βˆ’2027

9.6.7.2 Market Estimates & Forecast, by Product, 2020βˆ’2027

9.6.7.3 Market Estimates & Forecast, by Pigment Type, 2020βˆ’2027

9.6.7.4 Market Estimates & Forecast, by End-Use Industry, 2020βˆ’2027

9.6.8 Rest of Latin America

9.6.8.1 Market Estimates & Forecast, 2020βˆ’2027

9.6.8.2 Market Estimates & Forecast, by Product, 2020βˆ’2027

9.6.8.3 Market Estimates & Forecast, by Pigment Type, 2020βˆ’2027

9.6.8.4 Market Estimates & Forecast, by End-Use Industry, 2020βˆ’2027

10. Company Landscape

10.1 Introduction

10.2 Market Strategy

10.3 Key Development Analysis (Expansion/Merger & Acquisitions/Joint Venture/New Product Development/Agreement/Investment)

11. Company Profiles

11.1 RPM International Inc.

11.1.1 Company Overview

11.1.2 Financial Updates

11.1.3 Product/Business Segment Overview

11.1.4 Strategy

11.1.5 Key Developments

11.1.6 SWOT Analysis

11.2 3M

11.2.1 Company Overview

11.2.2 Financial Updates

11.2.3 Product/Business Segment Overview

11.2.4 Strategy

11.2.5 Key Developments

11.2.6 SWOT Analysis

11.3 Sherwin Williams

11.3.1 Company Overview

11.3.2 Financial Updates

11.3.3 Product/Business Segment Overview

11.3.4 Strategy

11.3.5 Key Developments

11.3.6 SWOT Analysis

11.4 Hammer Packaging, Corp.

11.4.1 Company Overview

11.4.2 Financial Updates

11.4.3 Product/Business Segment Overview

11.4.4 Strategy

11.4.5 Key Developments

11.4.6 SWOT Analysis

11.5 NanoMatriX International Limited

11.5.1 Company Overview

11.5.2 Financial Updates

11.5.3 Product/Business Segment Overview

11.5.4 Strategy

11.5.5 Key Developments

11.5.6 SWOT Analysis

11.6 Clariant

11.6.1 Company Overview

11.6.2 Financial Updates

11.6.3 Product/Business Segment Overview

11.6.4 Strategy

11.6.5 Key Developments

11.6.6 SWOT Analysis

11.7 OliKrom

11.7.1 Company Overview

11.7.2 Financial Updates

11.7.3 Product/Business Segment Overview

11.7.4 Strategy

11.7.5 Key Developments

11.6.7 SWOT Analysis

11.8 QCR Solutions Corp

11.8.1 Company Overview

11.8.2 Financial Updates

11.8.3 Product/Business Segment Overview

11.8.4 Strategy

11.8.5 Key Developments

11.8.6 SWOT Analysis

11.9 LCR Hallcrest LLC

11.9.1 Company Overview

11.9.2 Financial Updates

11.9.3 Product/Business Segment Overview

11.9.4 Strategy

11.9.5 Key Developments

11.9.6 SWOT Analysis

11.10 Gem'innov

11.10.1 Company Overview

11.10.2 Financial Updates

11.10.3 Product/Business Segment Overview

11.10.4 Strategy

11.10.5 Key Developments

11.10.6 SWOT Analysis

11.11 Other Market Players

11.11.1 Smarol Industry Co. Ltd.

11.11.2 Special Effects and Coatings.

12. Conclusion

LIST OF TABLES

Table 1 Global Thermochromic Pigment Market: by Region, 2020βˆ’2027

Table 2 North America: Thermochromic Pigment Market, by Country, 2020βˆ’2027

Table 3 Europe: Thermochromic Pigment Market, by Country, 2020βˆ’2027

Table 4 Asia-Pacific: Thermochromic Pigment Market. by Country, 2020βˆ’2027

Table 5 Middle East & Africa: Thermochromic Pigment Market, by Country, 2020βˆ’2027

Table 6 Latin America: Thermochromic Pigment Market, by Country, 2020βˆ’2027

Table 7 Global Thermochromic Pigment Market Product Market, by Regions, 2020βˆ’2027

Table 8 North America: Thermochromic Pigment Market Product Market, by Country, 2020βˆ’2027

Table 9 Europe: Thermochromic Pigment Market Product Market, by Country, 2020βˆ’2027

Table10 Asia-Pacific: Thermochromic Pigment Market Product Market, by Country, 2020βˆ’2027

Table11 Middle East & Africa: Thermochromic Pigment Market Product Market, by Country, 2020βˆ’2027

Table12 Latin America: Thermochromic Pigment Market Product Market, by Country, 2020βˆ’2027

Table13 Global Thermochromic Pigment Market Pigment Type Market, by Regions, 2020βˆ’2027

Table14 North America: Thermochromic Pigment Market Pigment Type Market, by Country, 2020βˆ’2027

Table15 Europe: Thermochromic Pigment Market Pigment Type Market, by Country, 2020βˆ’2027

Table16 Asia-Pacific: Thermochromic Pigment Market Pigment Type Market, by Country, 2020βˆ’2027

Table17 Middle East & Africa: Thermochromic Pigment Market Pigment Type Market, by Country, 2020βˆ’2027

Table18 Latin America: Thermochromic Pigment Market Pigment Type Market, by Country, 2020βˆ’2027

Table19 Global Thermochromic Pigment Market End-Use Industry Market, by Regions, 2020βˆ’2027

Table20 North America: Thermochromic Pigment Market End-Use Industry Market, by Country, 2020βˆ’2027

Table21 Europe: Thermochromic Pigment Market End-Use Industry Market, by Country, 2020βˆ’2027

Table22 Asia-Pacific: Thermochromic Pigment Market End-Use Industry Market, by Country, 2020βˆ’2027

Table23 Middle East & Africa: Thermochromic Pigment Market End-Use Industry Market, by Country, 2020βˆ’2027

Table24 Latin America: Thermochromic Pigment Market End-Use Industry Market, by Country, 2020βˆ’2027

Table25 Global Product Market, by Region, 2020βˆ’2027

Table26 Global Pigment Type Market, by Region, 2020βˆ’2027

Table27 Global End-Use Industry Market, by Region, 2020βˆ’2027

Table28 North America: Thermochromic Pigment Market, by Country, 2020βˆ’2027

Table29 North America: Thermochromic Pigment Market, by Product, 2020βˆ’2027

Table30 North America: Thermochromic Pigment Market, by Pigment Type, 2020βˆ’2027

Table31 North America: Thermochromic Pigment Market, by End-Use Industry, 2020βˆ’2027

Table32 Europe: Thermochromic Pigment Market, by Country, 2020βˆ’2027

Table33 Europe: Thermochromic Pigment Market, by Product, 2020βˆ’2027

Table34 Europe: Thermochromic Pigment Market, by Pigment Type, 2020βˆ’2027

Table35 Europe: Thermochromic Pigment Market, by End-Use Industry, 2020βˆ’2027

Table36 Asia-Pacific: Thermochromic Pigment Market, by Country, 2020βˆ’2027

Table37 Asia-Pacific: Thermochromic Pigment Market, by Product, 2020βˆ’2027

Table38 Asia-Pacific: Thermochromic Pigment Market, by Pigment Type, 2020βˆ’2027

Table39 Asia-Pacific: Thermochromic Pigment Market, by End-Use Industry, 2020βˆ’2027

Table40 Middle East & Africa: Thermochromic Pigment Market, by Country, 2020βˆ’2027

Table41 Middle East & Africa: Thermochromic Pigment Market, by Product, 2020βˆ’2027

Table42 Middle East & Africa: Thermochromic Pigment Market, by Pigment Type, 2020βˆ’2027

Table43 Middle East & Africa: Thermochromic Pigment Market, by End-Use Industry, 2020βˆ’2027

Table44 Latin America: Thermochromic Pigment Market, by Country, 2020βˆ’2027

Table45 Latin America: Thermochromic Pigment Market, by Product, 2020βˆ’2027

Table46 Latin America: Thermochromic Pigment Market, by Pigment Type, 2020βˆ’2027

Table47 Latin America: Thermochromic Pigment Market, by End-Use Industry, 2020βˆ’2027

LIST OF FIGURES

FIGURE 1 Global Thermochromic Pigment Market Segmentation

FIGURE 2 Forecast Research Methodology

FIGURE 3 Five Forces Analysis of Global Thermochromic Pigment Market

FIGURE 4 Value Chain of Global Thermochromic Pigment Market

FIGURE 5 Global Thermochromic Pigment Market, 2020βˆ’2027, by Country, 2020

FIGURE 6 Share of Global Thermochromic Pigment Market, by Country, 2020βˆ’2027

FIGURE 7 Global Thermochromic Pigment Market Size, by Product, 2020

FIGURE 8 Share of Global Thermochromic Pigment Market, by Product, 2020βˆ’2027

FIGURE 9 Global Thermochromic Pigment Market Size, by Pigment Type, 2020

FIGURE10 Share of Global Thermochromic Pigment Market, by Pigment Type, 2020βˆ’2027

FIGURE11 Global Thermochromic Pigment Market Size, by End-Use Industry, 2020

FIGURE12 Share of Global Thermochromic Pigment Market, by End-Use Industry, 2020βˆ’2027

Thermochromic Pigment Market

Thermochromic Pigment Market is expected to reach USD 2,500 million with a healthy CAGR of 5.1% by the end of 2030.

Segmentation

By Product Type Liquid Crystal Material Leuco Dyes
By Pigment Type Reversible Thermochromic Pigments Irreversible Thermochromic Pigments
By End-Use Industry Printing Ink

Key Players

  • RPM International Inc. (US)
  • 3M (US)
  • Sherwin Williams (US)
  • Hammer Packaging
  • NanoMatriX International Limited (China)
  • Clariant (Switzerland)
  • OliKrom (France)
  • QCR Solutions Corp (UK)
  • LCR Hallcrest LLC (US)
  • Gem'innov (France)
  • Smarol Industry Co. Ltd. (China)
  • Special Effects and Coatings. (UK).

Drivers

  • Increasing use in food and beverages
  • printing ink
  • and paints & coatings are boosting market growth.
Speak to Analyst Request a Free Sample

Thermochromic Pigment Market Overview


Thermochromic Pigment Market is expected to reach USD 2,500 million with a healthy CAGR of 5.1% by the end of 2030. The thermochromic pigment markets are divided by type, geography, and applications, and by type, the market is segmented into irreversible and reversible. By applications, the market is divided into polymers and plastics, paint and coating, fabrics, inks, and so many other applications. Research also shows the market size and forecasts for countries around major areas, and for each segment, market sizing and forecast have been done on the basis of revenue (USD million).


The reversible thermochromic pigments are widely popular for their reversible color-changing properties and are used as antiques in decorative products. There are two types of reversible thermochromic pigments, heat-activated, which change from a colored state at room temperature to a colorless state when it is heated and cold-activated, which are colorless at room temperature and become reveal a message when chilled. These are gaining popularity day by day and these pigments have a higher cost in comparison to irreversible thermochromic pigments. All the aforementioned factors are aimed to drive the increasing demand for reversible thermochromic pigments over the forecast time period.


List of Key players in the Thermochromic Pigment Market


The key players involved in the thermochromic pigment market are 



  • RPM International Inc. (US),

  • 3M (US),

  • Sherwin Williams (US),

  • Hammer Packaging, Corp. (US),

  • NanoMatriX International Limited (China),

  • Clariant (Switzerland),

  • OliKrom (France),

  • QCR Solutions Corp (UK),

  • LCR Hallcrest LLC (US),

  • Gem'innov (France),

  • Smarol Industry Co. Ltd. (China),

  • Special Effects and Coatings. (UK).


Thermochromic Pigment Market Share, by End-Use Industry, 2017 (%)


Thermochromic Pigment Market


Source: MRFR analysis


Regional analysis:


The global thermochromic pigment market has been segmented into five key regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.


North America dominated the market in 2017 and is expected to regsiter a significant CAGR during the forecast period owing to the growing demand for the product in printing ink segment. The US is the leading country in the region owing to the growing technological advancements and increasing demand for the product in smart textiles. The Asia-Pacific market is expected to witness the highest CAGR in the coming years due to the rising awareness; and development in the application of thermochromic pigment in technical textiles. China is the major contributor in the region owing to the growing paints & coating; and textile industry. India, Japan, and South Korea are other regional contributors. The European market held a significant market share in 2017 due to the growing utilization of the product in cosmetics; and food & beverages industry. Germany is the prominent country in the region and accounted for the largest market share in 2017 followed by the UK, France, Italy, Spain, and Switzerland. This is attributed to high demand for the product in smart packaging and advanced R&D facilities. The Latin America market is expected to grow at a steady CAGR in the following years owing to the growing demand for the product in textiles and printing ink industries. The Middle East & Africa market is projected to register a steady CAGR in the coming years due to the consumption of the product in paints & coating application.


Segmentation analysis:


The global thermochromic pigment market has been segmented on the basis of product, pigment type, end-use industry, and region.


Based on product, the global thermochromic pigment market has been categorized into liquid crystal material, leuco dyes, and inorganic materials.


By pigment type, the global thermochromic pigment market has been bifurcated into reversible thermochromic pigments and irreversible thermochromic pigments.


On the basis of end-use industry, the global thermochromic pigment market has been classified into food & beverages, paints & coatings, printing ink, paper, textile, cosmetics, plastic & polymers, and others.


The thermochromic pigment market has been studied across five key regions, namely – Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Recent Development


In the Asia region, China is the largest economic market of thermochromic pigment in terms of GDP. The country showed about 6.1% growth in its GDP during 2019, even after the trade with the USA. However, China in 2020 was primarily aimed to moderate as compared to the previous year, and due to the onset of covid-19 in 2020, China’s economic growth fell down to 1.900%, it is expected to show recovery at a rate of 8.20% in 2021. The thermochromic pigment markets are aiming to reach USD 2,500 million with a great CAGR of 5.1% by the end of 2023 to 2030, and the paint is defined as the element of substances to change its color with temperature. Research has shown growth in this market after the pandemic.


Target audience:



  • Traders and distributors of thermochromic pigment

  • Thermochromic pigment manufacturers

  • Potential investors

  • Production process industries

  • Raw material suppliers

  • Nationalized laboratories

  • Government bodies



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   Substantial Value
  Base Year   2021
  Forecast Period   2022-2030
  Historical Data   2019Β &Β 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Material Type, Application and End-Use
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   RPM International Inc. (US), 3M (US), Sherwin Williams (US), Hammer Packaging, Corp. (US), NanoMatriX International Limited (China), Clariant (Switzerland), OliKrom (France), QCR Solutions Corp (UK), LCR Hallcrest LLC (US), Gem'innov (France), Smarol Industry Co. Ltd. (China), and Special Effects and Coatings. (UK).
  Key Market Opportunities   The addition of stabilizers to reduce sensitivity to UV radiation is expected to provide future growth opportunities to the market.
  Key Market Drivers

  • Increasing use in food and beverages, printing ink, and paints & coatings are boosting market growth.
  • The increase in the demand for consumer products such as plastics, polymers, digital printing.\r\n\r\n


  • Speak to Analyst Ask for Customization

    Frequently Asked Questions (FAQ) :

    The thermochromic pigment market is projected to grow at a 5.1% CAGR between 2016-2030.

    The thermochromic pigment market is predicted to touch USD 2,500 million by 2030.

    North America will dominate the thermochromic pigment market.

    Increasing use in food and beverages, printing ink, and paints & coatings are boosting market growth.