What is Thermochromic Paints?
Thermochromic paint are heat sensitive paints. They are used to coat materials like chemical indicators, pigments, labels, and other indicators. They change colour when exposed to a certain temperature. Thermochromic paint is irreversible and reversible in nature. They either designed for one-time use providing evidence of attained temperature or they can change back to their original one at certain temperature. This paints consist of thermochromism property. It is a physical property that undergoes a change in colour in response to a change in temperature. Thermochromic paint witnessing huge demand from end use industries to handle routinely activities.
The market study is broken down by Type (Thermochromic Liquid Crystals (TLC), Chemical Indicators (CI) and Leuco Dyes (LD)) and major geographies with country level break-up.
The market of Thermochromic Paints is expected to grow with rising demand from end use industries. Several companies are operating in the market to provide Thermochromic Paints for multiple equipment’s coatings. The market is highly fragmented with the presence of several market players. They are gaining attention owing to their innovative and novel portfolio. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
3M (United States), Sherwin-Williams Co. (United States), RPM International ((United States)), DuPont (United States), NanoMatriX International Ltd. (Hong Kong), OliKrom (France), Clariant (Switzerland), Flint Group (Luxembourg), QCR Solutions Corp (United Kingdom), Chromatic Technologies Inc. (United States), MG Chemicals (United States), Gem'innov (France), Quad/Graphics (United States) and Smarol Industry Co. Ltd. (China) are some of the key players that are part of study coverage.
Segmentation Overview
AdvanceMarketAnalytics has segmented the market of Global Thermochromic Paints market by Type, Application and Region.
On the basis of geography, the market of Thermochromic Paints has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Nature, the sub-segment i.e. Reversible will boost the Thermochromic Paints market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Powder will boost the Thermochromic Paints market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Direct will boost the Thermochromic Paints market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Use, the sub-segment i.e. Automotive will boost the Thermochromic Paints market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Trend
- Huge Demand for Thermochromic Paints in Medical and Healthcare
Market Drivers
- Rising Industrial Expenditure of Automotive, Aerospace & Defence, Construction and Others
- Growing Demand for Thermochromic Paints in Routinely Industrial Activities Like Measuring Surface Temperatures and Quality Control of Equipment
Opportunities
- Increasing Demand for Thermochromic Paints in Construction Industry has created Growth Opportunities
- Rising Popularity of Irreversible Thermochromic Paints
Restraints
- Disruption in Manufacturing and Industrial Activities owing to Covid 19
Challenges
Key Target Audience
Thermochromic Paints Manufacturers, Thermochromic Paints Supplier/Distributors, Raw Material Supplier, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.