The thermochromic material market is projected to grow from $1.0 billion in 2020 to $1.3 billion by 2030, driven by demand in Asia-Pacific.
The report offers detailed segmentation of the global thermochromic material market based on end use, type, and region.
Based on end use, the leuco dyes segment held the highest market share in 2020, holding nearly two-fifths of the total market share, and is expected to continue its leadership status during the forecast period. However, the others segment is estimated to register the highest CAGR of 4.0% from 2021 to 2030.
According to the report published by Allied Market Research, the global thermochromic material market generated $1.0 billion in 2020, and is projected to reach $1.3 billion by 2030, witnessing a CAGR of 3.4% from 2021 to 2030.
Download Sample PDF (250 Pages PDF with Insights): https://www.alliedmarketresearch.com/request-sample/6540
Based on region, Asia-Pacific contributed to the highest share in terms of revenue in 2020, holding nearly two-fifths of the total market share, and is estimated to continue its dominant share by 2030. However, both Europe and Asia-Pacific is projected to manifest the fastest CAGR of 3.5% during the forecast period.
The report provides a detailed analysis of changing market dynamics, top segments, value chain, key investment pockets, regional scenario, and competitive landscape. Surge in preference for colored materials among consumers and use of printing inks containing metallic pigments in the flexible packaging industry drive the growth of the global thermochromic material market. On the other hand, excellent color strength and vibrant durable colors present new opportunities in the upcoming years.
Based on type, both the reversible and irreversible segment held the equal market share in 2020, holding more than half of the global thermochromic material market. However, the irreversible segment is expected to continue its leadership status during the forecast period. Moreover, the irreversible segment is also projected to register the highest CAGR of 3.4% from 2021 to 2030.
Interested in Procuring this Report? Visit Here: https://www.alliedmarketresearch.com/thermochromic-materials-market/purchase-options
Leading players of the global thermochromic material market analyzed in the research include OliKrom (France), LCR Hallcrest (U.S.), Chromatic Technologies (CTI) (US), Matsui International Company (U.S.), New Prisematic Enterprise (Taiwan), Smarol Industry (China), GEMINNOV (France), Hali Industrial (China), Kolorjet (India), and Kolortek (China).
COVID-19 scenario:
Request the Covid19 Impact Analysis @ https://www.alliedmarketresearch.com/request-for-customization/6540?reqfor=covid
About Us
Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
The article discusses the thermochromic material market size, growth, and trends from 2020 to 2030.
Asia-Pacific held the highest market share in 2020 and is expected to maintain its dominance.
COVID-19 had mixed impacts, with some industries slowing down while the pharmaceutical sector increased demand.
Explore more articles in the Research Reports category
