Irreversible Thermochromic Materials to Hold More Than 50% Market through 2032, States Fact.MR
FACT.MR
5 min read
FACT.MR
Thermochromic Materials Market Analysis, By Type (Irreversible, Reversible), By End Use (Printing & Coatings, Packaging, Medical, Textiles, Other End Uses) - Global Forecast 2022-2032
United States, Rockville, MD, May 25, 2022 (GLOBE NEWSWIRE) -- According to a newly published report by Fact.MR, a market research and competitive intelligence provider, the global thermochromic materials market is currently valued at around US$ 1.73 billion and is slated to expand at an impressive CAGR of 10.2% over the period of forecast (2022 to 2032).
Thermochromic materials give an accurate measurement of temperature, and thus find high application in strip thermometers, LCD displays on calculators, mood rings, etc.
Moreover, these organic compounds change color sharply and can be used successfully in textiles. They are also used to manufacture thermochromic printing inks, which have the advantage of expressing a finely-colored image.
Browse in-depth TOC on “Thermochromic Material Manufacturers"
The global thermochromic materials market is set to reach a valuation of US$ 4.57 billion by the end of 2032.
The market witnessed an 8.5% CAGR over the historic period of 2017-2021.
Irreversible thermochromic materials dominate the market with a 52.9% market share, which is likely to grow to 54.5% by the end of 2032.
Under end use, the printing and coatings segment dominates the market with a 31.1% share.
Based on region, the demand for thermochromic materials is expected to increase at CAGRs of 9.9% and 10.5% in East Asia and South Asia & Oceania, respectively, over the forecast period.
Together, North America and Europe are likely to represent over 51% of the global market share in 2022.
“While Europe and North America hold high market shares, demand for thermochromic materials is expected to increase faster across the Asian region”, says a Fact.MR analyst.
To learn more about Irreversible Thermochromic Materials Demand, you can get in touch with our Analyst at
Suppliers of thermochromic materials are focusing on using thermochromic coatings to replace thermo-sensors and thermometers. Their approach to colour modification carries the advantage of being easy to interpret and use.
Key thermochromic material brands are offering an element of differentiation and are re-branding or modernizing existing products. They are also focusing on incorporating a touch of innovation and design, environmental interaction, coupled with safety and related considerations.
More Valuable Insights Available
Fact.MR, in its new offering, presents an unbiased analysis of the global thermochromic materials market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights by type (irreversible and reversible) and end use (printing & coatings, packaging, medical, textiles, and other end uses), across major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).
Get Customization on this Sales of Reversible Thermochromic Materials for Specific Research Solutions at
Expert analysis, actionable insights, and strategic recommendations of the highly seasoned chemicals and materials team at Fact.MR helps clients from across the globe with their unique business intelligence needs.
With a repertoire of over thousand reports and 1 million-plus data points, the team has analysed the chemicals and materials division across 50+ countries for over a decade. The team provides unmatched end-to-end research and consulting services. Reach out to explore how we can help.
To understand how our report can bring difference to your business strategy, Purchase a copy of this report at https://www.factmr.com/checkout/7351
Check out more studies related to Chemical Industry, conducted by Fact.MR:
Which Market Factor Majorly DriDemand for Styrene Butadiene Rubberves ? - Vehicle sales have gone up substantially over the past few years across the world, and this has subsequently increased the demand for tires as well. Styrene butadiene rubber is an important raw material in tire manufacturing, and hence, is expected to see a rise in demand over the years to come.
Why is Europe a Lucrative Market for Dianhydride Producers? - European companies have been investing in the research and development of alternatives to PMDA, with 6-FDA and BTDA being the most popular of the bunch. Besides, Europe is a prominent automobile and aerospace manufacturing hub of the world, and these two industries cumulatively account for a vital chunk of revenue in the overall European manufacturing arena.
Demand Analysis of Bleaching Clay (2017-2021) Vs Market Outlook (2022-2032) - Bleaching clay is a type of clay with a high adsorption capacity that can be used to decolorize and refine oils and fats. The main supply material for bleaching clay is montmorillonite, also known as hydrated aluminum silicate, which provides bleaching clay with its essential adsorption properties.
Prominent High Purity Quartz Sand Industry Growth Drivers - Concerns about carbon emissions have grown in the last half-decade, as have efforts to limit their impact. As a result, firms producing solar panels have witnessed a large increase in income.
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
