Thermochromic Materials Market
Thermochromic Materials Market Analysis, By Type (Irreversible, Reversible Thermochromic Materials), By End Use (Printing & Coatings, Packaging, Medical, Textiles) & By Region - Global Market Insights 2022 to 2032
Analysis of Thermochromic Materials market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Thermochromic Materials Market Outlook (2022 to 2032)
The worldwide consumption of thermochromic materials is currently valued at US$ 1.73 billion, and the market is forecast to climb to a valuation of US$ 4.57 billion by 2032, expanding a high CAGR of 10.2%.
The global thermochromic materials market is poised to generate an absolute dollar opportunity worth US$ 2.84 billion from 2022 to 2032 on the back of increased application in several end-use industries, along with these thermochromic materials replacing thermos-sensors and thermometers.
| Report Attributes | Details |
|---|---|
| Thermochromic Materials Market Size (2021A) | US$ 1.6 Billion |
| Estimated Market Value (2022E) | US$ 1.73 Billion |
| Forecasted Market Value (2032F) | US$ 4.57 Billion |
| Global Market Growth Rate (2022 to 2032) | 10.2% CAGR |
| North America Market Share (2021) | ~26.7% |
| North America Growth Rate (2022 to 2032) | ~9.6% CAGR |
| U.S. Growth Rate (2022 to 2032) | ~9.6% CAGR |
| Market Share of Top 5 Companies | ~18% |
| Key Companies Profiled | OliKrom; LCR Hallcrest, LLC; Chromatic Technologies Inc.; Matsui International, LLC; New Prisematic Enterprise Co. Ltd.; Smarol Industries Co. Ltd.; Gem’Innov; Hali Pigment Co. Ltd.; Kolorject Chemicals Pvt. Ltd; Kolortek Co. Ltd. |
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Consumption Analysis of Thermochromic Materials (2017 to 2021) Vs. Market Outlook (2022 to 2032)
Thermochromic materials are majorly used as temperature indicators in several industrial sectors, which helps in determining temperature variation and reaction heat in chemical reactions, and also to measure the distribution of temperature of chemical heating apparatus such as heat exchangers, reactors, etc., coupled with indicating temperature variation in containers for chemicals, storage vaults, and dangerous goods.
For instance, in the feeding process, adding plastic extruders and thermochromic materials can be of some help in judging the feeding temperature and fulfilling processing requirements.
Also, a wide range of temperature-sensitive paints can easily be applied for indication, monitoring, and warning of temperature for industrial production.
These materials are also being used in food packaging products, boding well for on-the-go food packaging manufacturers.
- Short Term (2022 Q2 to 2025): Thermochromic materials replacing thermometers and thermos-sensors are likely to support demand growth in the short term in the market
- Medium Term (2025 to 2028): In the medium term, sales are anticipated to grow in South Asia & Oceania on the back of rising demand for packaged products along with increasing infrastructural activities
- Long Term (2028 to 2032): In the long term, the market is set to experience moderate-to-high growth because of the enhanced application of thermochromic materials in the end-use industries of packaging, printing, coatings, etc.
Fact.MR projects the thermochromic materials market to exhibit growth at 10.2% CAGR between 2022 and 2032 as compared to the CAGR of 8.5% that was recorded from 2017 to 2021.
This graphic portrays market share analysis of type, end use, and region in a nutshell. Under the type segment, irreversible thermochromic materials dominated the market by holding a 52.9% share in 2021.
Why is Consumption of Thermochromic Materials Rising Rapidly?
“Thermochromic Materials Quickly Replacing Thermo-sensors & Thermometers”
Thermochromic coatings are replacing thermos-sensors and thermometers in several industries. Thermo-sensors and thermometers are getting replaced to map temperature in an environment where it is impossible to insert electrical wiring.
In defense and aerospace industries, these coatings are used to map the temperature gradient of an operating engine, fueling thermochromic materials market growth by 1.2X over the assessment period.
Other fields call for the use of these materials to act without electricity, for the storage of sensitive materials for industrial maintenance. Also, they are used for entertainment applications; for instance, erasable ink, which changes color and becomes transparent. It is used to decorate hair and nails, and also fun objects such as mugs, coffee cups, etc.
“Packaging & Textile Sectors Account for High Thermochromic Material Demand”
The use of thermochromic materials is anticipated to rise with enhanced application in the packaging and textile sectors. They are being used to simplify the detection of instances of security breaches in the labeling and packaging of goods.
There is rising evolution of chemical heating apparatus coatings, such as heat exchangers with thermochromic material-based paints. This is done to indicate the temperature of chemical reactions and stored chemical goods.
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What’s Hampering Thermochromic Materials Market Growth?
“High Price of Thermochromic Material Coupled with Certain Disadvantageous Properties”
Thermochromic materials have the disadvantage of being highly-priced and having low color density. Other major pitfalls often witnessed are sensitivity to ultraviolet, limited thermal resistance, low coloring power, toxicity of certain elements components, and loss of properties during the formulation or industrial process.
These are the main factors that will hamper thermochromic materials market demand by 0.5X during the forecast years of 2022 to 2032.
Region-wise Insights
Which Regional Thermochromic Materials Market Accounts for Highest Demand?
“Global Thermochromic Materials Market Led by North America & Europe”
The North America thermochromic materials market accounts for the largest market share of 26.7%. The North American market is projected to witness a 9.6% CAGR during the forecast years.
The Europe thermochromic materials market holds a 24.4% market share and is projected to register a 11% CAGR, which is higher than any other region during the assessment period.
Market growth in these regions is attributed to factors such as demand for thermochromic materials from multiple end-use industries such as printing and coatings, packaging, etc., which are growing rapidly and contributing to high demand growth.
What is the Market Scenario for Thermochromic Materials in Asia Pacific?
“Rising Infrastructural Activities & Surging Demand for Packaged Products Driving Regional Market Expansion”
The Asia Pacific thermochromic materials market, comprising the East Asia and South Asia & Oceania thermochromic materials market, together holds 37% of the overall market share.
The East Asia thermochromic materials market and South Asia & Oceania market are expected to expand at 9.9% and 10.5% CAGRs, respectively, during the study period of 2022 to 2032.
The rise in infrastructural activities and escalating demand for packaged pharma blister packaging products, are anticipated to propel the consumption of thermochromic materials in these regions over the coming years.
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Category-wise Insights
Which Thermochromic Material Type Will Bring in Higher Revenue Growth?
“Irreversible Thermochromic Materials Witnessing High Demand Growth”
The thermochromic materials market under type is segmented into irreversible and reversible thermochromic materials. Irreversible thermochromic materials hold a high market share of 52.9%.
However, both segments are projected to register high demand growth at 10.5% and 9.9% CAGRs, respectively, during the forecast years. Owing to irreversible thermochromic materials being extensively used in textile, medical, packaging, security ink, and other coating applications as they change appearance when exposed to diverse temperatures and the color remains unchanged upon reaching the activation temperature, the segment is set to see high demand growth going forward. This segment is also witnessing an increase owing to the enhanced application of these materials in medical uses.
Where are Thermochromic Materials Most Used?
“High Irreversible Thermochromic Material Usage in Printing & Coating Applications”
Under end use, the thermochromic materials market is segmented into printing and coatings, packaging, medical, textiles, and other end uses.
Amongst them, printing and coatings dominate the market by holding a 31.3% market share, and the segment is projected to surge at 11.1% CAGR during the assessment period. This end-use is a fast-growing industry for thermochromic materials because of the significant demand escalation in thermal paper for POS systems. Its usage is gaining momentum for interactive packaging, thereby encouraging consumers to use the product.
The next leading segments are packaging and medical, which hold 27.5% and 21.7% market shares, respectively, and are predicted to register 11.1% and 9.6% CAGRs during the forecast period.
These segments are likely to witness tremendous growth opportunities owing to technological advancements and innovations in security and defense equipment such as helmets, aircraft, vehicles, body armors, etc.
Competitive Landscape: Top Companies in Thermochromic Materials Market
Manufacturers are focusing on incorporating innovation and product modernization. They are also introducing reversible thermochromic materials, which are a combination of color developers, leuco dyes, and melt materials, and are microencapsulated by being blended.
Key market players are focusing on product development, such as using them in sports and cosmetics as a strategic approach to gain an edge over their competitors, and thereby widen their consumer base and enhance their revenues.
For instance :
- OliKrom, in 2022, partnered with the GRTgaz Group to develop a coating, allowing operators to detect the beginning of corrosion on overhead pipes via changes in luminescence and color and is likely to launch new disruptive products in the luxury, cosmetics, and industrial sectors in 2022
- LCR Hallcrest worked as a technology partner with PPG in 2019, aiding in the development of NHL hockey pucks. This color-changing thermochromic coating will change its color from purple to clear, allowing for the replacement of pucks.
Fact.MR has provided detailed information about the price points of key manufacturers in the thermochromic materials market positioned across regions, sales growth, production capacity, and speculative technological expansion, in the recently published report.
Thermochromic Materials Industry Research by Category
-
By Type :
- Irreversible Thermochromic Materials
- Reversible Thermochromic Materials
-
By End Use :
- Printing and Coatings
- Packaging
- Medical
- Textiles
- Other End Uses
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania Market
- MEA
Table of Content
- 1. Executive Summary
- 2. Market Overview
- 3. Key Market Trends
- 4. Market Background
- 5. Value Chain Analysis
- 6. Global Market Volume 2017 to 2021 Analysis and Forecast, 2022 to 2032
- 7. Global Market - Pricing Analysis
- 8. Global Market Value 2017 to 2021 Analysis and Forecast, 2022 to 2032
- 9. Global Market 2017 to 2021 Analysis and Forecast 2022 to 2032, By Type
- 9.1. Irreversible
- 9.2. Reversible
- 10. Global Market 2017 to 2021 Analysis and Forecast 2022 to 2032, By End-Use
- 10.1. Printing & Coating
- 10.2. Packaging
- 10.3. Medical
- 10.4. Textile
- 10.5. Other End-Uses
- 11. Global Market 2017 to 2021 Analysis and Forecast 2022 to 2032, By Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia & Oceania
- 11.6. Middle East and Africa (MEA)
- 12. North America Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 13. Latin America Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 14. Europe Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 15. East Asia Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 16. South Asia & Oceania Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 17. Middle East and Africa (MEA) Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 18. Key Countries Market 2017 to 2021 Analysis and Forecast 2022 to 2032
- 19. Market Structure Analysis
- 20. Competition Analysis
- 20.1. OliKrom
- 20.2. LCR Hallcrest, LLC
- 20.3. Chromatic Technologies Inc.
- 20.4. Matsui International, LLC
- 20.5. New Prisematic Enterprise Co. Ltd.
- 20.6. Smarol Industries Co. Ltd.
- 20.7. Gem'Innov
- 20.8. Hali Pigment Co. Ltd.
- 20.9. Kolorject Chemicals Pvt. Ltd
- 20.10. Kolortek Co. Ltd.
- 21. Assumptions & Acronyms Used
- 22. Research Methodology
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List Of Table
Table 01. Global Market Value (USD Million) and Forecast by Region, 2017 to 2021
Table 02. Global Market Value (USD Million) and Forecast by Region, 2022 to 2032
Table 03. Global Market Volume (Tons) and Forecast by Region, 2017 to 2021
Table 04. Global Market Volume (Tons) and Forecast by Region, 2022 to 2032
Table 05. Global Market Value (USD Million) and Forecast by Type, 2017 to 2021
Table 06. Global Market Value (USD Million) and Forecast by Type, 2022 to 2032
Table 07. Global Market Volume (Tons) and Forecast by Type, 2017 to 2021
Table 08. Global Market Volume (Tons) and Forecast by Type, 2022 to 2032
Table 09. Global Market Value (USD Million) and Forecast by End-Use, 2017 to 2021
Table 10. Global Market Value (USD Million) and Forecast by End-Use, 2022 to 2032
Table 11. Global Market Volume (Tons) and Forecast by End-Use, 2017 to 2021
Table 12. Global Market Volume (Tons) and Forecast by End-Use, 2022 to 2032
Table 13. North America Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 14. North America Market Value (USD Million) and Forecast by Country, 2022 to 2032
Table 15. North America Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 16. North America Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 17. North America Market Value (USD Million) and Forecast by Type, 2017 to 2021
Table 18. North America Market Value (USD Million) and Forecast by Type, 2022 to 2032
Table 19. North America Market Volume (Tons) and Forecast by Type, 2017 to 2021
Table 20. North America Market Volume (Tons) and Forecast by Type, 2022 to 2032
Table 21. North America Market Value (USD Million) and Forecast by End-Use, 2017 to 2021
Table 22. North America Market Value (USD Million) and Forecast by End-Use, 2022 to 2032
Table 23. North America Market Volume (Tons) and Forecast by End-Use, 2017 to 2021
Table 24. North America Market Volume (Tons) and Forecast by End-Use, 2022 to 2032
Table 25. Latin America Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 26. Latin America Market Value (USD Million) and Forecast by Country, 2022 to 2032
Table 27. Latin America Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 28. Latin America Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 29. Latin America Market Value (USD Million) and Forecast by Type, 2017 to 2021
Table 30. Latin America Market Value (USD Million) and Forecast by Type, 2022 to 2032
Table 31. Latin America Market Volume (Tons) and Forecast by Type, 2017 to 2021
Table 32. Latin America Market Volume (Tons) and Forecast by Type, 2022 to 2032
Table 33. Latin America Market Value (USD Million) and Forecast by End-Use, 2017 to 2021
Table 34. Latin America Market Value (USD Million) and Forecast by End-Use, 2022 to 2032
Table 35. Latin America Market Volume (Tons) and Forecast by End-Use, 2017 to 2021
Table 36. Latin America Market Volume (Tons) and Forecast by End-Use, 2022 to 2032
Table 37. Europe Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 38. Europe Market Value (USD Million) and Forecast by Country, 2022 to 2032
Table 39. Europe Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 40. Europe Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 41. Europe Market Value (USD Million) and Forecast by Type, 2017 to 2021
Table 42. Europe Market Value (USD Million) and Forecast by Type, 2022 to 2032
Table 43. Europe Market Volume (Tons) and Forecast by Type, 2017 to 2021
Table 44. Europe Market Volume (Tons) and Forecast by Type, 2022 to 2032
Table 45. Europe Market Value (USD Million) and Forecast by End-Use, 2017 to 2021
Table 46. Europe Market Value (USD Million) and Forecast by End-Use, 2022 to 2032
Table 47. Europe Market Volume (Tons) and Forecast by End-Use, 2017 to 2021
Table 48. Europe Market Volume (Tons) and Forecast by End-Use, 2022 to 2032
Table 49. East Asia Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 50. East Asia Market Value (USD Million) and Forecast by Country, 2022 to 2032
Table 51. East Asia Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 52. East Asia Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 53. East Asia Market Value (USD Million) and Forecast by Type, 2017 to 2021
Table 54. East Asia Market Value (USD Million) and Forecast by Type, 2022 to 2032
Table 55. East Asia Market Volume (Tons) and Forecast by Type, 2017 to 2021
Table 56. East Asia Market Volume (Tons) and Forecast by Type, 2022 to 2032
Table 57. East Asia Market Value (USD Million) and Forecast by End-Use, 2017 to 2021
Table 58. East Asia Market Value (USD Million) and Forecast by End-Use, 2022 to 2032
Table 59. East Asia Market Volume (Tons) and Forecast by End-Use, 2017 to 2021
Table 60. East Asia Market Volume (Tons) and Forecast by End-Use, 2022 to 2032
Table 61. South Asia & Oceania Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 62. South Asia & Oceania Market Value (USD Million) and Forecast by Country, 2022 to 2032
Table 63. South Asia & Oceania Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 64. South Asia & Oceania Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 65. South Asia & Oceania Market Value (USD Million) and Forecast by Type, 2017 to 2021
Table 66. South Asia & Oceania Market Value (USD Million) and Forecast by Type, 2022 to 2032
Table 67. South Asia & Oceania Market Volume (Tons) and Forecast by Type, 2017 to 2021
Table 68. South Asia & Oceania Market Volume (Tons) and Forecast by Type, 2022 to 2032
Table 69. South Asia & Oceania Market Value (USD Million) and Forecast by End-Use, 2017 to 2021
Table 70. South Asia & Oceania Market Value (USD Million) and Forecast by End-Use, 2022 to 2032
Table 71. South Asia & Oceania Market Volume (Tons) and Forecast by End-Use, 2017 to 2021
Table 72. South Asia & Oceania Market Volume (Tons) and Forecast by End-Use, 2022 to 2032
Table 73. MEA Market Value (USD Million) and Forecast by Country, 2017 to 2021
Table 74. MEA Market Value (USD Million) and Forecast by Country, 2022 to 2032
Table 75. MEA Market Volume (Tons) and Forecast by Country, 2017 to 2021
Table 76. MEA Market Volume (Tons) and Forecast by Country, 2022 to 2032
Table 77. MEA Market Value (USD Million) and Forecast by Type, 2017 to 2021
Table 78. MEA Market Value (USD Million) and Forecast by Type, 2022 to 2032
Table 79. MEA Market Volume (Tons) and Forecast by Type, 2017 to 2021
Table 80. MEA Market Volume (Tons) and Forecast by Type, 2022 to 2032
Table 81. MEA Market Value (USD Million) and Forecast by End-Use, 2017 to 2021
Table 82. MEA Market Value (USD Million) and Forecast by End-Use, 2022 to 2032
Table 83. MEA Market Volume (Tons) and Forecast by End-Use, 2017 to 2021
Table 84. MEA Market Volume (Tons) and Forecast by End-Use, 2022 to 2032
Table 85. United States Market Value (USD Million) and Volume (Tons) and Forecast by Type, 2022 to 2032
Table 86. United States Market Value (USD Million) and Volume (Tons) and Forecast by End-Use, 2022 to 2032
Table 87. Canada Market Value (USD Million) and Volume (Tons) and Forecast by Type, 2022 to 2032
Table 88. Canada Market Value (USD Million) and Volume (Tons) and Forecast by End-Use, 2022 to 2032
Table 89. Germany Market Value (USD Million) and Volume (Tons) and Forecast by Type, 2022 to 2032
Table 90. Germany Market Value (USD Million) and Volume (Tons) and Forecast by End-Use, 2022 to 2032
Table 91. France Market Value (USD Million) and Volume (Tons) and Forecast by Type, 2022 to 2032
Table 92. France Market Value (USD Million) and Volume (Tons) and Forecast by End-Use, 2022 to 2032
Table 93. India Market Value (USD Million) and Volume (Tons) and Forecast by Type, 2022 to 2032
Table 94. India Market Value (USD Million) and Volume (Tons) and Forecast by End-Use, 2022 to 2032
Table 95. China Market Value (USD Million) and Volume (Tons) and Forecast by Type, 2022 to 2032
Table 96. China Market Value (USD Million) and Volume (Tons) and Forecast by End-Use, 2022 to 2032
Table 97. GCC Countries Market Value (USD Million) and Volume (Tons) and Forecast by Type, 2022 to 2032
Table 98. GCC Countries Market Value (USD Million) and Volume (Tons) and Forecast by End-Use, 2022 to 2032
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List Of Figures
Figure 01. Global Market Value (USD Million) and Volume (Tons) Forecast, 2022 to 2032
Figure 02. Global Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 03. Global Market Value (USD Million) and Volume (Tons) by Region, 2022 & 2032
Figure 04. Global Market Y-o-Y Growth Rate by Region, 2022 to 2032
Figure 05. Global Market Value (USD Million) and Volume (Tons) by Type, 2022 & 2032
Figure 06. Global Market Y-o-Y Growth Rate by Type, 2022 to 2032
Figure 07. Global Market Value (USD Million) and Volume (Tons) by End-Use, 2022 & 2032
Figure 08. Global Market Y-o-Y Growth Rate by End-Use, 2022 to 2032
Figure 09. North America Market Value (USD Million) and Volume (Tons) Forecast, 2022 to 2032
Figure 10. North America Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 11. North America Market Value (USD Million) and Volume (Tons) by Country, 2022 & 2032
Figure 12. North America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 13. North America Market Value (USD Million) and Volume (Tons) by Type, 2022 & 2032
Figure 14. North America Market Y-o-Y Growth Rate by Type, 2022 to 2032
Figure 15. North America Market Value (USD Million) and Volume (Tons) by End-Use, 2022 & 2032
Figure 16. North America Market Y-o-Y Growth Rate by End-Use, 2022 to 2032
Figure 17. North America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 18. North America Market Attractiveness Analysis by Type, 2022 to 2032
Figure 19. North America Market Attractiveness Analysis by End-Use, 2022 to 2032
Figure 20. Latin America Market Value (USD Million) and Volume (Tons) Forecast, 2022 to 2032
Figure 21. Latin America Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 22. Latin America Market Value (USD Million) and Volume (Tons) by Country, 2022 & 2032
Figure 23. Latin America Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 24. Latin America Market Value (USD Million) and Volume (Tons) by Type, 2022 & 2032
Figure 25. Latin America Market Y-o-Y Growth Rate by Type, 2022 to 2032
Figure 26. Latin America Market Value (USD Million) and Volume (Tons) by End-Use, 2022 & 2032
Figure 27. Latin America Market Y-o-Y Growth Rate by End-Use, 2022 to 2032
Figure 28. Latin America Market Attractiveness Analysis by Country, 2022 to 2032
Figure 29. Latin America Market Attractiveness Analysis by Type, 2022 to 2032
Figure 30. Latin America Market Attractiveness Analysis by End-Use, 2022 to 2032
Figure 31. Europe Market Value (USD Million) and Volume (Tons) Forecast, 2022 to 2032
Figure 32. Europe Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 33. Europe Market Value (USD Million) and Volume (Tons) by Country, 2022 & 2032
Figure 34. Europe Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 35. Europe Market Value (USD Million) and Volume (Tons) by Type, 2022 & 2032
Figure 36. Europe Market Y-o-Y Growth Rate by Type, 2022 to 2032
Figure 37. Europe Market Value (USD Million) and Volume (Tons) by End-Use, 2022 & 2032
Figure 38. Europe Market Y-o-Y Growth Rate by End-Use, 2022 to 2032
Figure 39. Europe Market Attractiveness Analysis by Country, 2022 to 2032
Figure 40. Europe Market Attractiveness Analysis by Type, 2022 to 2032
Figure 41. Europe Market Attractiveness Analysis by End-Use, 2022 to 2032
Figure 42. East Asia Market Value (USD Million) and Volume (Tons) Forecast, 2022 to 2032
Figure 43. East Asia Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 44. East Asia Market Value (USD Million) and Volume (Tons) by Country, 2022 & 2032
Figure 45. East Asia Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 46. East Asia Market Value (USD Million) and Volume (Tons) by Type, 2022 & 2032
Figure 47. East Asia Market Y-o-Y Growth Rate by Type, 2022 to 2032
Figure 48. East Asia Market Value (USD Million) and Volume (Tons) by End-Use, 2022 & 2032
Figure 49. East Asia Market Y-o-Y Growth Rate by End-Use, 2022 to 2032
Figure 50. East Asia Market Attractiveness Analysis by Country, 2022 to 2032
Figure 51. East Asia Market Attractiveness Analysis by Type, 2022 to 2032
Figure 52. East Asia Market Attractiveness Analysis by End-Use, 2022 to 2032
Figure 53. South Asia & Oceania Market Value (USD Million) and Volume (Tons) Forecast, 2022 to 2032
Figure 54. South Asia & Oceania Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 55. South Asia & Oceania Market Value (USD Million) and Volume (Tons) by Country, 2022 & 2032
Figure 56. South Asia & Oceania Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 57. South Asia & Oceania Market Value (USD Million) and Volume (Tons) by Type, 2022 & 2032
Figure 58. South Asia & Oceania Market Y-o-Y Growth Rate by Type, 2022 to 2032
Figure 59. South Asia & Oceania Market Value (USD Million) and Volume (Tons) by End-Use, 2022 & 2032
Figure 60. South Asia & Oceania Market Y-o-Y Growth Rate by End-Use, 2022 to 2032
Figure 61. South Asia & Oceania Market Attractiveness Analysis by Country, 2022 to 2032
Figure 62. South Asia & Oceania Market Attractiveness Analysis by Type, 2022 to 2032
Figure 63. South Asia & Oceania Market Attractiveness Analysis by End-Use, 2022 to 2032
Figure 64. MEA Market Value (USD Million) and Volume (Tons) Forecast, 2022 to 2032
Figure 65. MEA Market Absolute $ Opportunity (USD Million), 2022 to 2032
Figure 66. MEA Market Value (USD Million) and Volume (Tons) by Country, 2022 & 2032
Figure 67. MEA Market Y-o-Y Growth Rate by Country, 2022 to 2032
Figure 68. MEA Market Value (USD Million) and Volume (Tons) by Type, 2022 & 2032
Figure 69. MEA Market Y-o-Y Growth Rate by Type, 2022 to 2032
Figure 70. MEA Market Value (USD Million) and Volume (Tons) by End-Use, 2022 & 2032
Figure 71. MEA Market Y-o-Y Growth Rate by End-Use, 2022 to 2032
Figure 72. MEA Market Attractiveness Analysis by Country, 2022 to 2032
Figure 73. MEA Market Attractiveness Analysis by Type, 2022 to 2032
Figure 74. MEA Market Attractiveness Analysis by End-Use, 2022 to 2032
Figure 75. United States Market Value (USD Million) and Volume (Tons) by Type, 2022 & 2032
Figure 76. United States Market Value (USD Million) and Volume (Tons) by End-Use, 2022 & 2032
Figure 77. Canada Market Value (USD Million) and Volume (Tons) by Type, 2022 & 2032
Figure 78. Canada Market Value (USD Million) and Volume (Tons) by End-Use, 2022 & 2032
Figure 79. Germany Market Value (USD Million) and Volume (Tons) by Type, 2022 & 2032
Figure 80. Germany Market Value (USD Million) and Volume (Tons) by End-Use, 2022 & 2032
Figure 81. France Market Value (USD Million) and Volume (Tons) by Type, 2022 & 2032
Figure 82. France Market Value (USD Million) and Volume (Tons) by End-Use, 2022 & 2032
Figure 83. India Market Value (USD Million) and Volume (Tons) by Type, 2022 & 2032
Figure 84. India Market Value (USD Million) and Volume (Tons) by End-Use, 2022 & 2032
Figure 85. China Market Value (USD Million) and Volume (Tons) by Type, 2022 & 2032
Figure 86. China Market Value (USD Million) and Volume (Tons) by End-Use, 2022 & 2032
Figure 87. GCC Countries Market Value (USD Million) and Volume (Tons) by Type, 2022 & 2032
Figure 88. GCC Countries Market Value (USD Million) and Volume (Tons) by End-Use, 2022 & 2032
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Competitive landscape highlights only certain players
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- FAQs -
How is the global thermochromic materials market faring?
The global thermochromic materials market is estimated to be worth US$ 1.73 billion in 2022, and climb to a market valuation of US$ 4.57 billion by the end of 2032.
At what rate did demand for thermochromic materials increase historically?
Over the 2017-2021 historical period, global consumption of thermochromic materials increased at 8.5% CAGR.
Who are the prominent manufacturers of thermochromic materials?
Some of the prominent players operating in the thermochromic materials market are Matsui International Co. Ltd., LCR Hallcrest, Chromatic Technologies, and Smarol Industries Co. Ltd., Olikrom.
Which region leads the global thermochromic materials market?
North America is the largest thermochromic materials market, accounting for 9.6% of the global market share in 2022.
Which thermochromic material type accounts for highest sales?
Irreversible thermochromic materials hold a 52.9% share in the global sales of thermochromic materials.
Thermochromic Materials Market