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Thermochromic Material Market Share

Report ID: GMI8069
Published Date: Feb 2024
Report Format: PDF

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Thermochromic Material Market Share

Thermochromic Material Market Company Share, (2022)

The competitive landscape of the thermochromic material business features a diverse array of key players, each contributing to the market's dynamism and innovation. Merck KGaA, a global leader, stands out for its extensive research and development efforts in creating advanced thermochromic materials, particularly pigments and inks. The company's commitment to sustainability and eco-friendly solutions further positions it as a prominent player in the market. Sun Chemical Corporation is another noteworthy participant, recognized for its comprehensive portfolio of color-changing technologies and its strategic focus on providing tailor-made solutions for different industries, including packaging and printing.

DIC Corporation and Flint Group, both significant players, contribute to the market with their expertise in providing high-performance thermochromic pigments and inks. These companies emphasize product quality and innovation to cater to the evolving demands of diverse end-use applications. Sensient Technologies Corporation and its subsidiary Sensient Cosmetic Technologies are key players known for their contributions to the cosmetic and personal care segment, offering thermochromic ingredients for creative and interactive product formulations. The competitive landscape is further enriched by companies like Sakurai Industry Co., Ltd., Tellermate, and Chromatix, Inc., each bringing distinctive capabilities and product offerings that collectively contribute to the vibrant and competitive thermochromic material industry.

Thermochromic Material Market Companies

Major players operating in the thermochromic material industry include:

Chromatix, Inc.
DIC Corporation
Flint Group
Merck KGaA
PerkinElmer, Inc.
Sakurai Industry Co., Ltd.
Sensient Cosmetic Technologies
Sensient Technologies Corporation
Sun Chemical Corporation
Teikoku Chemical Industry Co., Ltd.
Tellermate
Tempil
Toyo Ink Mfg. Co., Ltd.
Toyobo Co., Ltd.
Siegfried Brandau GmbH & Co. KG

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

Market size for thermochromic material was worth around USD 2 billion in 2023 and is set to expand at over 6.5% growth rate between 2024 and 2032 driven by its versatile applications in the packaging industry.

Reversible thermochromic material market accounted for USD 1.1 billion in revenue in 2023 and is projected to record substantial growth through 2032 owing to their increasing usage for smart textiles, coupled with the evolving consumer preferences for innovative and eco-friendly solutions.

Asia Pacific industry size for thermochromic material generated USD 0.7 billion in 2023 and is estimated to depict robust growth through 2032 owing to the rapid industrialization, coupled with a burgeoning consumer base, fueling demand for temperature-sensitive packaging in the food & beverage sector.

Some of the leading companies engaged in the thermochromic material are Chromatix, Inc., DIC Corporation, Flint Group, Merck KGaA, PerkinElmer, Inc., Sakurai Industry Co., Ltd., Sensient Cosmetic Technologies, Sun Chemical Corporation, Teikoku Chemical Industry Co., Ltd., Tellermate, Toyo Ink Mfg. Co., Ltd., and Siegfried Brandau GmbH & Co. KG.