Thermochromic Materials Market Size, Share, Trend, Forecast, & Industry Analysis

1. Presents a Research Report on Thermochromic Materials Market The Thermochromic Materials Market is Segmented by Product Type (Reversible and Irreversible), by Material Type (Leuco Dyes, Liquid Crystals, Pigments, and Others [Vanadium Oxide (Vo2) and Copper (I)- Iodide]), by End-Use Industry Type (Packaging, Printing & Coating, Medical, Textile, Industrial, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World) sales@stratviewresearch.com +1-313-307-4176 www.stratviewresearch.com Market Reports Advisory & Consulting Sourcing Intelligence

2. Thermochromic Materials Market: Growth and Forecast Highlights & Drivers Thermochromic materials market is likely to witness an impressive CAGR of 9.2% during the forecast period. The growing demand for thermochromic materials is mainly due to their superior and efficient properties and their wide usage in various applications. Thermochromic materials are generally organic leuco-dye mixtures, formed by color former, color developer, and solvent. They change reversibly/irreversibly their color by change in temperature. Color transition is on account of a change in structure and crystalline phase. • • • • www.stratviewresearch.com 2

3. Market Insights By Product Type • The market is segmented as reversible and irreversible. • The irreversible segment held the larger share of the market in 2020, and is expected to remain dominant during the forecast period. • Irreversible thermochromic materials are widely used in packaging, security inks, and other coating applications as the color remains unchanged, once the activation temperature is reached, and due to increasing demand in the medical applications the demand for these thermochromic materials is increasing. By Material Type • The market is segmented as leuco dyes, liquid crystals, pigments, and others. • The leuco dyes segment is expected to remain dominant during the forecast period. • Thermochromic materials made of leuco dyes are specialized dynamic materials that change color when exposed to different temperatures. • Leuco dyes are used in a number of applications where temperature response accuracy is not critical, such as novelties, bath toys, flying discs, textiles, and consumer goods. • They are also used in battery state indicators. www.stratviewresearch.com 3

4. Market Insights By End-Use Industry Type • The market is segmented as packaging, printing & coating, medical, textile, industrial, and others. • The printing & coating segment leads the market. • Thermochromic materials are also widely used in security printing applications such as certificates, vouchers, tickets, stock certificates, tax stamps, passports, tamper-evident labels, and others. • The property of thermochromic materials to change their color with changing temperature reversibly/irreversibly promotes their demand in several applications. By Region • Europe is estimated to be the largest and Asia-Pacific is estimated to be the fastest-growing thermochromic materials market during the forecast period, with Germany, the UK, France, and Italy being the major countries offering lucrative growth opportunities driven by the smart packaging industry in the western part of Europe. • China and India are the growth engines of the Asia-Pacific region. www.stratviewresearch.com 4

5. Competitive Insights Thermochromic Materials Market, regional expansion, and execution of mergers & acquisitions are the key strategies adopted by the major players to gain a competitive edge in the market. Key Companies Analysed Chromatic Technologies Inc. GEM'INNOV Hali Industrial Co., Ltd. Kolorjet Chemicals Pvt Ltd. Kolortek Co., Ltd. LCR Hallcrest Ltd. Matsui International Company, Inc. New Prismatic Enterprise Co., Ltd. OliKrom Smarol Industry Co., Ltd. • • • • • • • • • • www.stratviewresearch.com 5

6. Research Methodology Stratview Research follows a rigorous methodology with high emphasis on primary research and multiple ways of data triangulation. We conduct primary research across the value chain to provide 360 degree view of the market. Stratview Research Internal Knowledgebase Secondary Research Primary Research • Annual Reports / Fact Book • Company Websites • Magazines / Publications • Press Releases & Journals • Industry News • Association Articles • Government Documents • Social Media • Others • Robust database across value chain • In-house industry veterans as advisors • Project based subject matter experts • Industry Players • Industry Experts • Suppliers • Customers • Associations • Government Institutions • Others Data Analysis Top Down and Bottom Up Approach) Data Triangulation Data Evaluation and Multiple Data Triangulation) Final Deliverables Final Report with All Findings) www.stratviewresearch.com 6

7. Report Features This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report: Market structure: Overview, industry life cycle analysis, supply chain analysis. • • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis. Market trend and forecast analysis. • Market segment trend and forecast. • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc. • Attractive market segments and associated growth opportunities. • Emerging trends. • Strategic growth opportunities for the existing and new players. • Key success factors. • www.stratviewresearch.com 7

8. Market Segmentation The thermochromic materials market is segmented into the following categories. Thermochromic Materials Market Size, Share, & Forecast, by Product Type: • Reversible (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • Irreversible (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) Thermochromic Materials Market Size, Share, & Forecast, by Material Type: • Leuco Dyes (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • Liquid Crystals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • Pigments (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • Others • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • (Material Type Analysis: Vanadium Oxide (Vo2) and Copper (I)-Iodide) Thermochromic Materials Market Size, Share, & Forecast, by End-Use Industry Type: • Packaging (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • Printing & Coating (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • Medical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • Textile (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • Industrial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW) www.stratviewresearch.com 8

9. Market Segmentation Thermochromic Materials Market Size, Share, & Forecast, by Region: • North America (Country Analysis: the USA, Canada, and Mexico) • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe) • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific) • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others) www.stratviewresearch.com 9

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