Thermochromic Pigment Market: By Type (Reversible and Irreversible) & By Application (Paint & Coating, Ink Printing, Plastic) - Global Trends and Forecast to 2022
- April, 2017
- Domain: Chemicals, Materials & Food - Paints & Coatings/Inks & Pigments
Pages:
124
Tables:
65
Charts:
66
Regions/Countries:
5/11
Companies:
10
Enquiry Hours:
10
- Get Free 10% Customization in this Report
Thermochromic pigments are classified under high-performance pigment that has the property of changing color with a change in temperature. Both the markets of thermochromic pigment and high-performance pigment can be related to economic development, disposable income, and our quality of life.
Research Methodology
The thermochromic pigment 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, wherein our industry experts and panel of primary participants helped in compiling the best quality with realistic parametric estimations. Further, the participation share of different categories of primary participants is given below:
Key Market Insights
The thermochromic pigments are used in paint & coating, ink printing, and plastic products to either show the temperature change or to increase aesthetics of the product. The usage of thermochromic pigment based ink can be usually seen in beer wrappers indicating the coldness of beer or sticker on the pizza delivery boxes indicating hotness of the pizza.
Globally, the demand for thermochromic pigment is growing consistently, especially in Europe and North America markets. This growth is supported by increasing automotive coating & printing industries in these regions.
Currently, North America is the global leader in the thermochromic pigment market. The US has built an advantage of having most of the ink printing market thus providing the maximum contribution in the global thermochromic pigment market. After the US, Canada is the major consumer of global thermochromic pigment market in North America. Asia Pacific will show high growth rate during the forecast period due to growing industrialization and increasing per capita income of people.
Reversible thermochromic pigments are extensively popular for their reversible color changing property and make it usable for aesthetics in decorative products.
Irreversible thermochromic pigment has relatively lower cost in comparison to reversible thermochromic pigment and only once it can change the color with a change in temperature. It has larger market share in volume in comparison with reversible, although relatively low market share in value.
Both reversible and irreversible thermochromic pigments have unique color changing property, which makes them useful in various applications. Reversible thermochromic pigment has high cost and is the leading market used in thermochromic pigment in terms of value.
The study of the global thermochromic pigment market provides the market size information and market trends along with the factors and parameters impacting it in both short and long term. The study ensures a 360° view, bringing out the complete key insights of the industry. These insights help the key decision makers to make better business plans and informed decisions for the future. In addition, the study helps the venture capitalist in understanding the companies better and take informed decisions.
According to Infoholic Research, the global thermochromic pigment market is expected to grow at a CAGR of 5.3% during the forecast period 2016–2022 to reach $2,612.9 million by 2022. Ink printing application segment is expected to maintain global dominance in application segments, whereas China and Japan driven Asia Pacific is expected to contribute the highest growth in global thermochromic pigment. Some of the key players in thermochromic pigment are RPM International, DuPont, OliKrom, CTI and Flint Group.
Report Scope:
- Applications
- Paint & Coating
- Ink printing
- Plastic
- Others (such as Cosmetics)
- Types
- Reversible thermochromic pigment
- Irreversible thermochromic pigment
- Regions
- Asia Pacific
- Europe
- North America
- Rest of the World
- Industry outlook: market trends and drivers, restraints, and opportunities
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 North America Continues to Dominate the Thermochromic Pigment Market
2.2 Ink Printing Increasing its Lead with High Growth Coming from Developing Countries
3 Market Positioning
3.1 Total Addressable Market (TAM): High Performance Pigment
3.1.1 Market Overview
3.2 Segmented Addressable Market (SAM)
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 utilization of thermochromic pigment products in quality detection systems, especially in FMCG, is driving the market demand
5.2.1.2 Increasing affordability of thermochromic products is expanding the potential opportunities
5.2.2 Restraints
5.2.2.1 Low penetration in underdeveloped countries
5.2.2.2 Availability of premium substitutes in developed economies
5.2.3 Opportunities
5.2.3.1 Large untapped market in developing and underdeveloped countries
5.2.3.2 Introduction and focus on novel application areas
5.2.4 DRO – Impact Analysis
6 Type: Market Size and Analysis
6.1 Overview
6.2 Reversible
6.3 Irreversible
6.4 Vendor Profiles
6.4.1 RPM International
6.4.2 Chromatic Technologies, Inc. (CTI)
6.4.3 OliKrom
6.4.4 E.I. du Pont
6.4.5 Flint Group
(Overview, Business Units, Geographic Revenues, Product Profile, Recent Developments, Business Focus, SWOT Analysis and Business Strategies have been covered for all vendors)
7 Application: Market Size and Analysis
7.1 Overview
7.2 Paint & Coating Application
7.3 Ink Printing
7.4 Plastics Application
7.5 Customer Profile
7.5.1 Sherwin-Williams Co.
7.5.2 NanoMatriX International Limited
7.5.3 3M
7.5.4 Hammer Packaging
7.5.5 Quad/Graphics
(Overview, Business Units, Geographic Revenues, Product Profile, Recent Developments, Business Focus, SWOT Analysis and Business Strategies have been covered for all customers)
8 Regions: Market Size and Analysis
8.1 Overview
8.2 Asia Pacific
8.2.1 Asia Pacific Market, By Countries
8.2.2 Asia Pacific Market, By Application
8.2.3 Asia Pacific Market, By Type
8.3 Europe
8.3.1 Europe Market, By Country
8.3.2 Europe Market, By Application
8.3.3 Europe Market, By Type
8.4 North America
8.4.1 North America Market, By Countries
8.4.2 North America Market, By Application
8.4.3 North America Market, By Type
8.5 Rest of the World
8.5.1 Rest of the World Market, By Application
8.5.2 Rest of the World Market, By Type
9 Companies to Watch for
9.1 3M Company
9.2 Clariant
9.2.1 Overview
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 Expansion
10.2.3 Exhibition & Product Launch
10.2.4 Awards & Recognition
10.2.5 Divestment & Divestiture
11 Expert’s Views
Annexure
Abbreviations
TABLE 1 GLOBAL THERMOCHROMIC PIGMENT MARKET VALUE, BY TYPE, 2015−2022 ($MILLION) 28
TABLE 2 GLOBAL THERMOCHROMIC PIGMENT MARKET VOLUME, BY TYPE, 2015−2022 (TONS) 29
TABLE 3 GLOBAL REVERSIBLE THERMOCHROMIC PIGMENT MARKET VALUE, BY GEOGRAPHY, 2015−2022 ($MILLION) 30
TABLE 4 GLOBAL REVERSIBLE THERMOCHROMIC PIGMENT MARKET VOLUME, BY GEOGRAPHY, 2015−2022 (TONS) 30
TABLE 5 GLOBAL IRREVERSIBLE THERMOCHROMIC PIGMENT MARKET VALUE, BY GEOGRAPHY, 2015−2022 ($MILLION) 31
TABLE 6 GLOBAL IRREVERSIBLE THERMOCHROMIC PIGMENT MARKET VOLUME, BY GEOGRAPHY, 2015−2022 (TONS) 32
TABLE 7 RPM INTERNATIONAL: PRODUCT PROFILE 35
TABLE 8 RPM INTERNATIONAL: RECENT DEVELOPMENTS 36
TABLE 9 CTI: PRODUCT PROFILE 40
TABLE 10 CTI: RECENT DEVELOPMENTS 40
TABLE 11 OLIKROM: PRODUCT PROFILE 44
TABLE 12 OLIKROM: RECENT DEVELOPMENTS 44
TABLE 13 E.I DU PONT: PRODUCT PROFILE 50
TABLE 14 E.I. DU PONT: RECENT DEVELOPMENTS 50
TABLE 15 FLINT GROUP: PRODUCT PROFILE 54
TABLE 16 FLINT GROUP: RECENT DEVELOPMENTS 54
TABLE 17 GLOBAL THERMOCHROMIC PIGMENT MARKET VALUE, BY APPLICATION, 2015−2022 ($MILLION) 57
TABLE 18 GLOBAL THERMOCHROMIC PIGMENT MARKET VOLUME, BY APPLICATION, 2015−2022 (TONS) 58
TABLE 19 GLOBAL THERMOCHROMIC PIGMENT MARKET VALUE IN PAINT & COATING APPLICATION, BY GEOGRAPHY, 2015−2022 ($MILLION) 59
TABLE 20 GLOBAL THERMOCHROMIC PIGMENT MARKET VOLUME IN PAINT & COATING APPLICATION, BY GEOGRAPHY, 2015−2022 (TONS) 59
TABLE 21 GLOBAL THERMOCHROMIC PIGMENT MARKET VALUE IN INK PRINTING APPLICATION, BY GEOGRAPHY, 2015−2022 ($MILLION) 60
TABLE 22 GLOBAL THERMOCHROMIC PIGMENT MARKET VOLUME IN INK PRINTING APPLICATION, BY GEOGRAPHY, 2015−2022 (TONS) 61
TABLE 23 GLOBAL THERMOCHROMIC PIGMENT MARKET VALUE IN PLASTIC APPLICATION, BY GEOGRAPHY, 2015−2022 ($MILLION) 62
TABLE 24 GLOBAL THERMOCHROMIC PIGMENT MARKET VOLUME IN PLASTIC APPLICATION, BY GEOGRAPHY, 2015−2022 (TONS) 62
TABLE 25 SHERWIN-WILLIAMS CO.: PRODUCT PROFILE 64
TABLE 26 SHERWIN-WILLIAMS CO.: RECENT DEVELOPMENTS 65
TABLE 27 NANOMATRIX INTERNATIONAL: PRODUCT PROFILE 69
TABLE 28 NANOMATRIX INTERNATIONAL: RECENT DEVELOPMENTS 69
TABLE 29 3M: PRODUCT PROFILE 74
TABLE 30 3M: RECENT DEVELOPMENTS 75
TABLE 31 HAMMER PACKAGING: PRODUCT PROFILE 78
TABLE 32 HAMMER PACKAGING: RECENT DEVELOPMENTS 79
TABLE 33 QUAD/GRAPHICS: PRODUCT PROFILE 84
TABLE 34 QUAD/GRAPHICS: RECENT DEVELOPMENTS 84
TABLE 35 GLOBAL THERMOCHROMIC PIGMENT MARKET VALUE, BY GEOGRAPHY, 2015−2022 ($MILLION) 87
TABLE 36 GLOBAL THERMOCHROMIC PIGMENT MARKET VOLUME, BY GEOGRAPHY, 2015−2022 (TONS) 88
TABLE 37 ASIA PACIFIC THERMOCHROMIC PIGMENT VALUE, BY COUNTRY, 2015−2022 ($MILLION) 89
TABLE 38 ASIA PACIFIC THERMOCHROMIC PIGMENT MARKET VOLUME, BY COUNTRY, 2015−2022 (TONS) 89
TABLE 39 ASIA PACIFIC THERMOCHROMIC PIGMENT MARKET VALUE, BY APPLICATION, 2015−2022 ($MILLION) 91
TABLE 40 ASIA PACIFIC THERMOCHROMIC PIGMENT MARKET VOLUME, BY APPLICATION, 2015−2022 ($MILLION) 91
TABLE 41 ASIA PACIFIC THERMOCHROMIC PIGMENT MARKET VALUE, BY TYPE, 2015−2022 ($MILLION) 92
TABLE 42 ASIA PACIFIC THERMOCHROMIC PIGMENT MARKET VOLUME, BY TYPE, 2015−2022 (TONS) 92
TABLE 43 EUROPE THERMOCHROMIC PIGMENT MARKET VALUE, BY COUNTRY, 2015−2022 ($MILLION) 93
TABLE 44 EUROPE THERMOCHROMIC PIGMENT MARKET VOLUME, BY COUNTRY, 2015−2022 (TONS) 94
TABLE 45 EUROPE THERMOCHROMIC PIGMENT MARKET VALUE, BY APPLICATION, 2015−2022 ($MILLION) 95
TABLE 46 EUROPE THERMOCHROMIC PIGMENT MARKET VOLUME, BY APPLICATION, 2015−2022 (TONS) 95
TABLE 47 EUROPE THERMOCHROMIC PIGMENT MARKET VALUE, BY TYPE, 2015−2022 ($MILLION) 96
TABLE 48 EUROPE THERMOCHROMIC PIGMENT MARKET VOLUME, BY TYPE, 2015−2022 (TONS) 97
TABLE 49 NORTH AMERICA THERMOCHROMIC PIGMENT MARKET VALUE, BY COUNTRY, 2015−2022 ($MILLION) 98
TABLE 50 NORTH AMERICA THERMOCHROMIC PIGMENT MARKET VOLUME, BY COUNTRY, 2015−2022 (TONS) 98
TABLE 51 NORTH AMERICA THERMOCHROMIC PIGMENT MARKET VALUE, BY APPLICATION, 2015−2022 ($MILLION) 99
TABLE 52 NORTH AMERICA THERMOCHROMIC PIGMENT MARKET VOLUME, BY APPLICATION, 2015−2022 (TONS) 100
TABLE 53 NORTH AMERICA THERMOCHROMIC PIGMENT MARKET VALUE, BY TYPE, 2015−2022 ($MILLION) 101
TABLE 54 NORTH AMERICA THERMOCHROMIC PIGMENT MARKET VOLUME, BY TYPE, 2015−2022 (TONS) 102
TABLE 55 REST OF THE WORLD THERMOCHROMIC PIGMENT MARKET VALUE, BY GEOGRAPHY, 2015−2022 ($MILLION) 103
TABLE 56 REST OF THE WORLD THERMOCHROMIC PIGMENT MARKET VOLUME, BY GEOGRAPHY, 2015−2022 (TONS) 103
TABLE 57 REST OF THE WORLD THERMOCHROMIC PIGMENT MARKET VALUE, BY APPLICATION, 2015−2022 ($MILLION) 104
TABLE 58 REST OF THE WORLD THERMOCHROMIC PIGMENT MARKET VOLUME, BY APPLICATION, 2015−2022 (TONS) 105
TABLE 59 REST OF THE WORLD THERMOCHROMIC PIGMENT MARKET VALUE, BY TYPE, 2015−2022 ($MILLION) 105
TABLE 60 REST OF THE WORLD THERMOCHROMIC PIGMENT MARKET VOLUME, BY TYPE, 2015−2022 (TONS) 106
TABLE 61 MERGER, ACQUISITION & JOINT VENTURE, 2012–2016 110
TABLE 62 EXPANSION, 2013–2016 112
TABLE 63 EXHIBITION & PRODUCT LAUNCH, 2012–2016 112
TABLE 64 AWARDS & RECOGNITION 113
TABLE 65 DIVESTMENT & DIVESTITURE, 2016 114
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.
