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Thermochromic Pigments Market Share

Report ID: GMI4013
Published Date: Apr 2024
Report Format: PDF

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Thermochromic Pigments Market Share

Thermochromic Pigments Market Company Share, (2023)

Manufacturers of thermochromic pigments use improved pigment formulations to increase color-changing properties and application diversity as their main marketing strategies. Expanding their product line to accommodate a variety of industry needs—such as temperature-sensitive indicators and intelligent packaging—is another top priority. To create customized solutions and stay up to date with market demands, industry peers and clients must work together. Moreover, research and development expenditures are prioritized in order to advance technical advancement and maintain a competitive edge. Effective branding and marketing techniques are also used to raise awareness of thermochromic pigments' benefits in a variety of industries.

Key players in the market, such as Chromatic Technologies Inc. (CTI), Hali Pigment Co. Ltd., Kandui Industries, and Kolortek Co., each contribute uniquely to its growth. CTI excels in providing innovative packaging solutions across various sectors by integrating thermochromic technologies. Hali Pigment Co. Ltd. specializes in manufacturing top-quality thermochromic pigments tailored to diverse applications. Kandui Industries focuses on customizing thermochromic materials for textiles, catering to individual client needs. Meanwhile, Kolortek Co. offers a wide selection of thermochromic pigments for coatings and cosmetics, addressing the increasing demand for dynamic color-changing effects in these industries.

Thermochromic Pigments Market Companies

Major players operating in the market include:

Chromatic Technologies inc.
Hali Pigment Co. Ltd
Kandui Industries
Kolortek Co.
LCR Hallcrest LLC
New Colour Chemical Co.
NanoMatrix International Limited
Olikrom
QCR Solutions Corp
SFXC
Smarol Industries Co. Ltd

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The thermochromic pigments market was valued at around USD 517.6 million in 2023 and is set to grow at 5.7% CAGR till 2032, owing to its utility across diverse sectors like food packaging, printing, textiles, and cosmetics.

Reversible thermochromic pigments market size was USD 314.3 million in 2023 and is set to reach USD 528.5 million by 2032, owing to its capability to display diverse color shifts triggered by temperature changes.

Asia Pacific industry size was USD 183 million in 2023 and is set to reach USD 306.9 million by 2032, driven by urbanization and rapid industrialization.

Chromatic Technologies inc., Hali Pigment Co. Ltd, Kandui Industries, Kolortek Co., LCR Hallcrest LLC, New Colour Chemical Co., NanoMatrix International Limited, Olikrom, and QCR Solutions Corp among others.