The latest market report published by Credence Research, Inc. “Thermochromic Materials Market By Type (Reversible & Irreversible), Application (Food quality indicators, Papers, Pigments, Thermometers and Others) and Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) – Growth, Future Prospects, and Competitive Analysis, 2017 – 2025,” the global Thermochromic Materials Market Is Expected To Grow At A Cagr Of 9.1% Over The Forecast Period Of 2017 To 2025.
Browse the full Thermochromic Materials Market – Growth, Future Prospects, and Competitive Analysis, 2017 – 2025 report at http://www.credenceresearch.com/report/thermochromic-materials-market
Thermochromic materials change reversibly with changes in temperature. Using metal compounds or liquid crystals they can be made as semiconductor compounds. The change in color happens at a determined temperature, which can be varied fixing the material. On the basis of product type, the global thermochromic market can be segmented into irreversible and reversible materials. Reversible materials are preferred over the irreversible materials. They do not have the ability to return to their original state, therefore, are widely used in baby products and chemical containers market.
Rising demand for thermochromic materials in food quality indicators and growing use of thermochromic pigments in paints & coatings and inks are projected to drive the market over the next six years. Furthermore, the rise in demand for thermochromic material in novelty products is another factor driving the market growth. The use of reversible thermochromic materials in sensors and baby products is projected to enhance the market growth over the forecast period.
Reversible technology is preferred more when compared with irreversible technology. However, to attain reversibility along with maintaining stability is a complicated process, which is the major factor restraining the market growth.
By applications, pigments account for the major share of the global thermochromic materials market. The market is witnessing growth on account of their improved performance characteristics and high versatility. Moreover, owing to increasing awareness about the pigments, the military equipment manufacturers are also using these pigments for camouflaging their sensitive devices. To determine the quality of frozen foods and meat the usage of thermochromic materials as food quality indicators is projected to bolster the market demand over the forecast period.
The Asia Pacific is projected to be the most attractive market on account of rising demand for thermochromic materials from the textile and automotive industry. The market for thermochromic materials in North America is driven by the rising demand for these pigments from the printing and packaging applications.
The report titled “Global Thermochromic Materials Market – Growth, Future Prospects, and Competitive Analysis, 2017 – 2025” offers strategic insights into the global thermochromic materials market along with the market size and estimates for the duration 2015 to 2025. The said research study covers in-depth analysis of multiple market segments based on type, application and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2016 & 2025. The report also provides a prolific view of market dynamics such as market drivers, restraints, and opportunities.
In order to help the strategic decision makers, the report also includes profiles of the leading thermochromic materials manufacturers, along with their, product portfolio and key developments. Other in-depth analysis provided in the report includes:
- Current and future market trends to justify the forthcoming attractive markets within the thermochromic materials industry
- Market fuelers, market impediments, and their impact on the market growth
- In-depth competitive environment analysis
- Trailing 2-Year market size data (2015 – 2016)
- SRC (Segment-Region-Country) Analysis
Overall, the research study provides a holistic view of the global thermochromic materials market, offering market size and estimates for the period from 2017 to 2025, keeping in mind the above-mentioned factors.
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Table Of Content:
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
Chapter 2 Executive Summary
2.1 Market Snapshot: Global Thermochromic Materials Market
2.2 Global Thermochromic Materials Market Size (US$ Mn), by Type, 2016
2.3 Global Thermochromic Materials Market Size (US$ Mn), by Application, 2016
2.4 Global Thermochromic Materials Market Size (US$ Mn), by Geography, 2016
Chapter 3 Global Thermochromic Materials Market Overview
3.2 Market Drivers
3.3 Market Restraints
3.4 Future Prospects
3.5 Attractive Investment Proposition, by Region, 2016
3.6 Market Positioning of Key Players…
The global thermochromic materials market can be categorized on the basis of the type as:
Irreversible materials accounted for more than 60% share of the market in 2016 and projected to maintain their market position over the forecast period of 2017 to 2025 owing to high demand for novelty product and textile industry. Rising demand for reversible materials in the various application is projected to drive the market over the forecast period. These materials are ideal for sensory applications. They aid in identifying the overheating hazards, therefore, there are widely used in chemical containers and baby products. Apparel line using reversible pigment is also been introduced. Moreover, hair dyes using reversible thermochromic materials have been launched. These dyes allow the consumers to change their color of hair on the basis of their surroundings. Thus, increasing application scope of reversible materials is the major factor driving the market growth.
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