What is Thermochromic Pigments Market Scope?
Thermochromic pigments are colour pigments that change colour due to heat. Generally, they are added to polymers during the production process to produce materials which will change colour in response to heat changes. There is a wide range of applications of thermochromic pigments in the various industry verticals including paint & coating, ink printing, paper, textiles, plastic, cosmetics, food & beverages, and others. The market is expected to reach new heights due to rapidly growing thermochromic pigments applications.
The Thermochromic Pigments market study is being classified by Type (Reversible Thermochromic Pigment and Irreversible Thermochromic Pigment), by Application (Paint & Coating, Ink printing, Paper, Textiles, Plastic, Cosmetics, Food & Beverages and Others) and major geographies with country level break-up.
The market is fragmented owing to the presence of several players. These players are adopting some organic and inorganic strategies such as a merger, acquisitions, partnerships, product launches, among others in order to gain competitive advantage. Moreover, some of the players are spending a huge amount on the R&D activities in order to introduce advanced thermochromic pigments within the dynamic market. Analysts at AMA predicts that Vendors from United States and Chinese will contribute to the maximum growth of Australia Thermochromic Pigments market throughout the predicted period.
QCR Solutions Corp. (United States), New Color Chemical Co. (China), LCR Hallcrest LLC (United States), Hali Pigment Co. Ltd (China), Gem'innov (France), Smarol Industry Co. Ltd (China), L’Arca SRL (Italy), Matsui International Company (MICI) (United States), OliKrom (France), Sherwin Williams (United States), Hammer Packaging, Corp. (United States), NanoMatriX International Limited (Hong Kong), Clariant (Switzerland) and Special Effects Coatings (United Kingdom) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Americos (India), LCR HALLCREST LLC (United States), Atlanta Chemical Engineering L.L.C. (United States) and FX PIGMENTS PVT. LTD (India).
Segmentation Analysis
Analyst at AMA have segmented the market study of Australia Thermochromic Pigments market by Type, Application and Region.
On the basis of geography, the market of Thermochromic Pigments 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).
Influencing Market Trend
- Reversible Thermochromic Pigments are Popular Choice across the Different Applications
Market Drivers
- Upsurging Demand of Thermochromic Pigments from Paint & Coating Industry
- Rapid Research & Development Activities is expected to boost the growth of the Market
Opportunities
- Food & Beverages Sector is expected to Open New Avenues for the Market during Upcoming Years
Restraints
- Rising Environmental Concerns Because of its Application Hampers the Growth of the Market
Challenges
- Highly Competitive and Dynamic Market
Key Target Audience
Thermochromic Pigments Manufacturers, Thermochromic Pigments Raw Material Suppliers, Thermochromic Pigments Traders/Distributors, Thermochromic Pigments Importer/Exporter, Regulatory & Government Bodies, End Users, Industry Associations, Upstream & Downstream Vendors and Others
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