Thermochromic Materials Market is set to grow with a CAGR of 9.1% during the forecast to 2025


Posted January 30, 2020 by johnsonpaul

Thermochromic Materials Market is expected to grow by 9.1 percent during the forecast period from 2017 to 2025.
 
The latest market report published by Credence Research, Inc. “Thermochromic Materials Market - Growth, Future Prospects, and Competitive Analysis, 2017 - 2025,” the global market for thermochromic materials is expected to grow by 9.1 percent during the forecast period from 2017 to 2025.

Browse Full Report at https://www.credenceresearch.com/report/thermochromic-materials-market

Market Insights

The global market for thermochromic materials is experiencing growth mainly due to an increase in demand for innovative temperature-based products and the ability to change color for functional applications. In addition, increased demand for thermochromic pigments in paints and coatings, together with increased demand for thermochromic materials in food quality indicators to determine the quality of dairy products and frozen meat, is another factor driving the market growth.

Reversible technology is preferable to irreversible technology. But achieving reversibility by maintaining the stability of the solution is a complicated process that has hindered the growth of the market.

However, various R&D projects are undertaken by manufacturers to develop stable reversible materials, which are likely to increase the demand for reversible materials from the various application industries.

Competitive Insights

At present, the market is in a nascent stage. Most of the manufacturers are attempting to achieve full commercialization. The market is monopolistic in nature and characterized by the presence of a few key players. Manufacturers are catering to their local markets. Moreover, entry barriers are high for new entrants.

List of Companies Covered:

SFXC
Indestructible Paints Limited
Fraunhofer IAP
W. Sands Corp.
Good Life Innovations Ltd
Olikrom
Kolortek Co., Ltd.
LCR Hallcrest LLC
New Prismatic Enterprises Co. Ltd. (NCC)
Smarol Industry Co. Ltd.

Key Trends

Increasing R & D projects undertaken by manufacturers
Rising demand from end-use application
The Asia Pacific offers huge market potential

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/58769

Market Segmentation

By Type

Reversible
Irreversible

By Application Type

Pigments
Thermometers
Food Quality Indicators
Papers
Others

By Geography Segment Type

North America (the U.S., Rest of North America)
Europe (U.K., Germany, France, Rest of Europe)
Asia Pacific (China, Japan, India, Rest of Asia Pacific)
Rest of the World (the Middle East & Africa, Latin America)

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/58769
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Last Updated January 30, 2020