Global Thermochromic Pigment Market-Industry Analysis and Forecast (2019-2027)

1. Global Thermochromic Pigment Market was valued US$ XX Mn in 2019 and is expected t o grow around US$ XX Mn by 2027, at a CAGR of around 5.4% during the forecast period. The report study has analyzed the revenue impact of COVID-19 pandemic on the sales reve nue of market leaders, market followers, and market disrupters in the report, and the same i s reflected in our analysis. Growing sales in the food & beverage market is expected to surge the demand in the therm ochromic pigments market, thanks to its application in the packaging of many foods & bever ages items. Such as, the product is used on pizza packages to fix the temperature of the foo d. For example, if the flame logo on the pizza box is orange, it means the pizza is hot. There fore, this kind of feature supports reaching maximum customer satisfaction. In recent times, application-based delivery services have improved exponentially, mainly in emerging region s. This would be a noteworthy growth factor in the thermochromic pigments market. The R&D activities in the market will be an additional growth driver in the future. The rising a pplication of this product and the benefits offered by it have led to an increase in its demand . The product is used to change the color of fabrics which changes with change in temperatu re. The product is also implemented in sports and leisurewear, household textiles, like beddi ng, which would help in upholding the temperature. This would help in imitating more sunligh t and the demand for air conditioning the house will decrease. Accordingly, more energy will be saved. Such advanced applications could help in supplementing the thermochromic pigm ents market growth in the current future.

2. On the other hand, the high cost of thermochromic inks and poor lightfastness is expected to hinder the market growth during the forecast period. By type, the reversible thermochromic pigment segment held the largest market share of the global market in 2019, this is mainly because of the several applications across the packagi ng industry, like manufacturing polymers and coatings industry. Region-wise, North America is expected to hold the largest market share of the market by 2 027, thanks to the existence of numerous producers in the region and the developments in t he smart packaging sector in this region. The smart packaging sector is still a growing secto r and is expected to be a substantial factor driving the market in the future. The Asia Pacific i s expected to show a high rate of growth in the forecast period, because of its thriving packa ging industry. The availability of profitable factors of production will invite more players to set up their production plants in this region. This would make it a noteworthy regional market in t he upcoming years. The Chinese Government has invested in several industries, including c onstruction materials, automobiles, textiles, shipbuilding, and others, which are key consum ers of pigments. Hence, pigment production in China has improved at a faster rate and is ex pected to show development in the current future, which would make it a profitable market fo r thermochromic pigment. The objective of the report is to present a comprehensive analysis of the Global Thermochro mic Pigment Market including all the stakeholders of the industry. The past and current statu s of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the ind ustry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic fa ctors of the market have been presented in the report. External as well as internal factors th at are supposed to affect the business positively or negatively have been analyzed, which w ill give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Thermochromic Pigment Market dynamics, st ructure by analyzing the market segments and project the Global Thermochromic Pigment M arket size. Clear representation of competitive analysis of key players by type, price, financi al position, product portfolio, growth strategies, and regional presence in the Global Thermo chromic Pigment Market make the report investor’s guide.

3. Visit at-https://www.maximizemarketresearch.com/market-report/global-thermochromic-pig ment-market/69961/ Scope of the Global Thermochromic Pigment Market Global Thermochromic Pigment Market, By Type • Reversible • Irreversible Global Thermochromic Pigment Market, By Application • Printing Ink • Textile • Paints and Coatings • Plastic & Polymer • Food & Beverages • Paper • Cosmetic • Others Global Thermochromic Pigment Market, By Region • North America • Europe • Asia Pacific • Middle East & Africa • South America Key players operating in the Global Thermochromic Pigment Market • SFXC • Indestructible Paint Inc. • W. Sands Corp. • Fraunhofer-Gesellschaft • OliKrom SAS • Kolortek Co., Ltd.

4. • Shanghai Phichem Material Co., Ltd. • LCR Hallcrest, LLC • Smarol Industry Co. Ltd. • New Prismatic Enterprise Co. Ltd. • RPM International • E. I. DuPont de Nemours and Company • The 3M Company • Sherwin-Williams Co. • Hammer Packaging • NanoMatriX International Ltd. About Us: Maximize Market Research provides B2B and B2C market research on 20,000 high growth emerging technologies & opportunities in Chemical, Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors. Contact info: Name: Vikas Godage Organization: Maximize Market Research Pvt.Ltd.Pune Email: sales@maximizemarketresearch.com Contact: +919607065656 / +919607195908 Website:www.maximizemarketresearch.com