Thermochromic Paints & Coatings Market By Type (Reversible, Irreversible), By Application (Decorative, Food, Industrial) and By Geography – Global Driver, Restraints, Opportunities, Trends, and Forecast to 2023
- June, 2018
- Domain: Chemicals, Materials & Food - Specialty Chemicals
Pages:
128
Tables:
62
Charts:
54
Regions/Countries:
4/9
Companies:
10
Enquiry Hours:
10
- Get Free 10% Customization in this Report
Thermochromic paints & coatings are designed in such a way that they change the color at a specific temperature, providing a visual indication of a temperature change. A special type of pigments, known as thermochromic pigments, are available in the market to manufacture thermochromic paints & coatings. In recent years, thermochromic paints & coatings have grown extraordinarily with the global thermochromic market attracting a significant share.
Research Methodology
The thermochromic paints & coatings market has been analyzed by utilizing the optimum combination of secondary sources and in-house methodology along with an irreplaceable blend of primary insights. The real-time assessment of the market is an integral part of our market sizing and forecasting methodology. Our industry experts and panel of primary participants helped in compiling relevant aspects with realistic parametric estimations for a comprehensive study. The participation share of different categories of primary participants is given below:
Key Market Insights
Thermochromic paints & coatings have created a niche market in various applications. Thermochromic paints & coatings can be used for many different reasons, including safety indicators on thermally sensitive systems or indication of the thermal history. The demand for thermochromic paints & coatings is surging in the food industry. Two main types of thermochromic paints & coatings are available in the market, i.e., reversible-based and irreversible-based.
The extensive use of these products in decorative and food sectors has given a massive boost to the thermochromic paints & coatings market in recent years. The rapid growth in economies across the globe and the increasing per capita income among consumers in developing countries are increasing the demand for decorations. This, in turn, is increasing the demand for thermochromic paints & coatings in infrastructure. The infrastructure sector is presently leading the market and is expected to remain the same during the forecast period. Emerging economies such as China, India, and Brazil are looking forward to take advantage of the benefits of thermochromic paints & coatings. Further, the industrial and FMCG packaging market growth is expected to foster the thermochromic paints & coatings market.
North America is the largest thermochromic paints & coatings market globally due to the presence of export-oriented manufacturing capacities and intense domestic demand from various end-user industries. The increase in food manufacturing and building construction is further driving the market growth in the region. The anticipated economic stability in Europe is expected to boost its manufacturing sector, complementing the growth of the thermochromic paints & coatings market. North America is likely to remain as the key region with a significant contribution coming from the US. Few of the prominent companies operating in the thermochromic paints & coatings market are Sherwin Williams, AkzoNobel N.V., RPM International, Axalta Coating Systems Ltd., and Arkema.
Types:
- Reversible
- Irreversible
End-users:
- Decorative
- Food
- Industrial
- Others
Geography:
- Asia Pacific
- North America
- Europe
- Rest of the World
1 Report Outline
1.1 Introduction
1.2 Report Scope
1.3 Market Definition
1.4 Research Methodology
1.4.1 Data Collation & In-house Estimation
1.4.2 Market Triangulation
1.4.3 Forecasting
1.5 Study Declarations
1.6 Report Assumptions
1.7 Stakeholders
2 Executive Summary
2.1 Asia Pacific Perceiving Highest Growth Rate
2.2 Decorative Segment Will Experience an Acceleration
3 Market Positioning
3.1 Total Addressable Market: Sealant Market
3.1.1 Market Overview
3.1.2 Major Trends
3.2 Segmented Addressable Market
3.3 Related Markets
4 Market Outlook
4.1 Overview
4.2 Value Chain Analysis
4.3 PESTLE Analysis
4.4 Porter 5 (Five) Forces
4.5 Patent Analysis
5 Market Characteristics
5.1 Market Segmentation
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing demand in FMCG packaging
5.2.1.2 Increasing affordability of thermochromic products
5.2.2 Restraints
5.2.2.1 Raw material price fluctuations
5.2.2.2 Low awareness of thermochromic paints & coatings in emerging economies
5.2.3 Opportunities
5.2.3.1 Technological development in the products
5.2.3.2 Large untapped market in developing and underdeveloped countries
5.2.4 DRO – Impact Analysis
6 By Type: Market Size and Analysis
6.1 Overview
6.2 Reversible Thermochromic Paints & Coatings
6.3 Irreversible Thermochromic Paints & Coatings
6.4 Vendor Profiles
6.4.1 Sherwin-Williams Co.
6.4.2 Akzo Nobel N.V.
6.4.3 RPM INTERNATIONAL
6.4.4 Axalta Coating Systems Ltd.
6.4.5 Arkema
(Overview, business units, geographic revenues, product profile, recent developments, business focSWOT analysis and business strategies have been covered for all the vendors)
7 Application: Market Size and Analysis
7.1 Overview
7.2 Decorative
7.3 Food 72
7.4 Industrial
7.5 Customer Profiles
7.5.1 Hammer packaging
7.5.2 3M
7.5.3 VINCI
7.5.4 Bechtel Corporation
7.5.5 General Electric (GE)
(Overview, business units, geographic revenues, product profile, recent developments, business focSWOT analysis and business strategies have been covered for all the customers)
8 Regions: Market Size and Analysis
8.1 Overview
8.2 Asia Pacific
8.3 North America
8.4 Europe
8.5 Rest of the World
(Segmental coverage of by geography, by types, and by end-user have been covered for each regi
9 Companies to watch for
9.1 3M company
9.1.1 Overview
9.2 Clariant
9.2.1.1 Business units
9.2.2 Creation of New product for Thermochromic Pigment
10 Competitive Landscape
10.1 Competitor Comparison Analysis
10.2 Market Landscape
10.2.1 Mergers, Acquisitions, & Joint Ventures
10.2.2 Awards & Recognizing
10.2.3 Exhibition & Product Launch
10.2.4 Expansion
10.2.5 Others
11 Expert’s Views
12 Annexure
Abbreviations
TABLE 1 GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET REVENUE BY TYPE, 2016-2023 ($MILLION) 34
TABLE 2 GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME BY TYPE, 2016-2023 (TONS) 35
TABLE 3 GLOBAL REVERSIBLE THERMOCHROMIC PAINTS & COATINGS MARKET REVENUE, BY GEOGRAPHY, 2016-2023 ($MILLION) 36
TABLE 4 GLOBAL ACRYLIC THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY GEOGRAPHY, 2016-2023 (TONS) 37
TABLE 5 GLOBAL IRREVERSIBLE THERMOCHROMIC PAINTS & COATINGS MARKET REVENUE, BY GEOGRAPHY, 2016-2023 ($MILLION) 38
TABLE 6 GLOBAL IRREVERSIBLE THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY GEOGRAPHY, 2016-2023 (TONS) 39
TABLE 7 SHERWIN-WILLIAMS CO.: PRODUCT PROFILE 42
TABLE 8 SHERWIN-WILLIAMS CO.: RECENT DEVELOPMENTS 43
TABLE 9 AKZO NOBEL N.V.: PRODUCT PROFILE 48
TABLE 10 AKZO NOBEL N.V.: RECENT DEVELOPMENTS 48
TABLE 11 RPM INTERNATIONAL: PRODUCT PROFILE 54
TABLE 12 RPM INTERNATIONAL: RECENT DEVELOPMENTS 55
TABLE 13 AXALTA COATING SYSTEMS: PRODUCT PROFILE 60
TABLE 14 AXALTA COATING SYSTEMS: RECENT DEVELOPMENTS 60
TABLE 15 ARKEMA: PRODUCT PROFILE 66
TABLE 16 ARKEMA: RECENT DEVELOPMENTS 66
TABLE 17 GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET REVENUE BY APPLICATION, 2016-2023 ($MILLION) 69
TABLE 18 GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME BY APPLICATION, 2016-2023 (TONS) 70
TABLE 19 GLOBAL THERMOCHROMIC PAINTS & COATINGS IN DECORATIVE MARKET REVENUE, BY GEOGRAPHY, 2016-2023 ($MILLION) 71
TABLE 20 GLOBAL THERMOCHROMIC PAINTS & COATINGS IN DECORATIVE MARKET VOLUME, BY GEOGRAPHY, 2016-2023 (TONS) 72
TABLE 21 GLOBAL THERMOCHROMIC PAINTS & COATINGS IN FOOD MARKET REVENUE, BY GEOGRAPHY, 2016-2023 ($MILLION) 72
TABLE 22 GLOBAL THERMOCHROMIC PAINTS & COATINGS IN FOOD MARKET VOLUME, BY GEOGRAPHY, 2016-2023 (TONS) 73
TABLE 23 GLOBAL THERMOCHROMIC PAINTS & COATINGS IN INDUSTRIAL MARKET REVENUE, BY GEOGRAPHY, 2016-2023 ($MILLION) 74
TABLE 24 GLOBAL THERMOCHROMIC PAINTS & COATINGS IN INDUSTRIAL MARKET VOLUME, BY GEOGRAPHY, 2016-2023 (TONS) 75
TABLE 25 HAMMER PACKAGING: PRODUCT PROFILE 77
TABLE 26 HAMMER PACKAGING: RECENT DEVELOPMENTS 77
TABLE 27 3M: RECENT DEVELOPMENTS 82
TABLE 28 BETCHEL CORPORATION: PRODUCT PROFILE 89
TABLE 29 GENERAL ELECTRIC: BUSINESS ACTIVITIES 94
TABLE 30 GE: RECENT DEVELOPMENTS 95
TABLE 31 GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY GEOGRAPHY, 2016−2023 ($MILLION) 97
TABLE 32 GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY GEOGRAPHY, 2016−2023 (TONS) 98
TABLE 33 ASIA PACIFIC THERMOCHROMIC PAINTS & COATINGS VALUE, BY COUNTRY, 2016−2023 ($MILLION) 99
TABLE 34 ASIA PACIFIC THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY COUNTRY, 2015−2022 (TONS) 100
TABLE 35 ASIA PACIFIC THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2016−2023 ($MILLION) 101
TABLE 36 ASIA PACIFIC THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY TYPE, 2016−2023 (TONS) 101
TABLE 37 ASIA PACIFIC THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY APPLICATION, 2016−2023 ($MILLION) 102
TABLE 38 ASIA PACIFIC THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY APPLICATION, 2016−2023 (TONS) 103
TABLE 39 NORTH AMERICA THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY COUNTRY, 2016−2023 ($MILLION) 104
TABLE 40 NORTH AMERICA THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY COUNTRY, 2016−2023 (TONS) 105
TABLE 41 NORTH AMERICA THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2016−2023 ($MILLION) 106
TABLE 42 NORTH AMERICA THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY TYPE, 2016−2023 (TONS) 106
TABLE 43 NORTH AMERICA THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY APPLICATION, 2016−2023 ($MILLION) 107
TABLE 44 NORTH AMERICA THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY APPLICATION, 2016−2023 (TONS) 107
TABLE 45 EUROPE THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY COUNTRY, 2016−2023 ($MILLION) 109
TABLE 46 EUROPE THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY COUNTRY, 2015−2022 110
TABLE 47 EUROPE THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2016−2023 ($MILLION) 111
TABLE 48 EUROPE THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY TYPE, 2016−2023 (TONS) 111
TABLE 49 EUROPE THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY APPLICATION, 2016−2023 ($MILLION) 112
TABLE 50 EUROPE THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY END USER, 2016−2023 (TONS) 113
TABLE 51 REST OF THE WORLD THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY GEOGRAPHY, 2016−2023 ($MILLION) 114
TABLE 52 REST OF THE WORLD THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY GEOGRAPHY, 2016−2023 (TONS) 115
TABLE 53 REST OF THE WORLD THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2016−2023 ($MILLION) 116
TABLE 54 REST OF THE WORLD THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY TYPE, 2016−2023 (TONS) 116
TABLE 55 REST OF THE WORLD THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY APPLICATION, 2016−2023 ($MILLION) 117
TABLE 56 REST OF THE WORLD THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY APPLICATION, 2016−2023 (TONS) 117
TABLE 57 CLARIANT: PRODUCT PROFILE 119
TABLE 58 MERGERS, ACQUISITIONS, & JOINT VENTURES 122
TABLE 59 AWARD & RECOGNIZING 123
TABLE 60 EXHIBITION & PRODUCT LAUNCH 124
TABLE 61 EXPANSION 125
TABLE 62 OTHERS 125
Research Framework
Infoholic Research works on a holistic 360° approach in order to deliver high quality, validated and reliable information in our market reports. The Market estimation and forecasting involves following steps:
- Data Collation (Primary & Secondary)
- In-house Estimation (Based on proprietary data bases and Models)
- Market Triangulation
- Forecasting
Market related information is congregated from both primary and secondary sources.
Primary sources
Involved participants from all global stakeholders such as Solution providers, service providers, Industry associations, thought leaders etc. across levels such as CXOs, VPs and managers. Plus, our in-house industry experts having decades of industry experience contribute their consulting and advisory services.
Secondary sources
Include public sources such as regulatory frameworks, government IT spending, government demographic indicators, industry association statistics, and company publications along with paid sources such as Factiva, OneSource, Bloomberg among others.
