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Thermochromic Pigments Market Trends

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

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Thermochromic Pigments Market Trends

The thermochromic pigments industry is experiencing various trends. There is a rising demand for sustainable and environmentally friendly pigment compositions in response to ecological concerns. Also, the market is expanding due to the growing adoption of smart packaging applications like security features and temperature-sensitive labels. Moreover, advancements in technology are fuelling the creation of more effective and flexible pigments with improved colour-changing abilities. Lastly, consumer preferences for engaging and visually appealing products are driving the increasing use of thermochromic pigments in sectors such as food and beverage, textiles, and cosmetics. Together, these trends shape the dynamic nature of the market.

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.