The Thermochromic Materials Market is projected to grow from USD 1.3 billion in 2019 to USD 2.1 billion by 2024, at a CAGR of 9.5%. The high growth of niche applications consuming thermochromic materials across the world, coupled with efficient and superior properties of thermochromic materials, is driving the market.

Browse 68 market data Tables and 29 Figures spread through 112 Pages and in-depth TOC on "Thermochromic Materials Market by Material (Leuco Dyes, Liquid Crystals, Pigments), End-use industry (Packaging, Printing & Coating, Medical, Textile), Region (Europe, North America, APAC, South America, Middle East & Africa) - Global Forecast to 2024"

Request sample of report @ http://bit.ly/2XSMrbv

The leuco dyes segment is estimated to lead the thermochromic materials market, by material, during the forecast period.

Leuco dyes is the fastest-growing segment of the thermochromic materials market, by material owing to the presence of a large number of manufacturers of leuco dyes. Leuco dyes-based thermochromic materials are specialized dynamic materials that change color when exposed to different temperatures.

They are majorly used in combination with some other pigments. This produces a color change of the base pigment and the color of the pigment combined with leuco dyes. Leuco dyes are used in various applications where temperature response accuracy is not critical, such as bath toys, novelties, flying discs, consumer goods, and textiles. They are also used in battery state indicators.

Printing & coating is the fastest growing end-use industry of thermochromic materials.

Thermochromic materials are used in a wide range of end-use industries such as packaging, printing & coating, medical, textile, industrial, and others. Printing & coating is the fastest-growing end-use industry of thermochromic materials owing to a significant increase in the demand for thermal paper for POS systems.

Thermochromic materials are also widely used in security printing applications such as vouchers, certificates, tickets, tax stamps, stock certificates, tamper-evident labels, passports, and others. The property of thermochromic materials to change its color with fluctuation in temperature reversibly/irreversibly promotes their demand in several anti-counterfeiting applications.

High economic growth rate and growing printing & coating industry in China, Japan, and India are projected to lead the thermochromic materials market in APAC during the forecast period.

APAC is the fastest-growing market, in terms of both production and demand. Higher domestic demand, easy availability of raw materials, and low-cost labor make APAC the most preferred destination for the manufacturers of thermochromic materials.

The use of thermochromic materials as an important chemical intermediate in various applications such as food & beverage packaging, medical indicators, and thermal printing is driving the market in China. APAC is emerging as a leading consumer of thermochromic materials due to the increasing demand from domestic as well as international markets.

Download PDF Brochure @ http://bit.ly/2XUAIcC

The key players in the thermochromic materials market include OliKrom (France), LCR Hallcrest (US), Chromatic Technologies (CTI) (US), Matsui International Company (US), New Prisematic Enterprise (Taiwan), Smarol Industry (China), GEMINNOV (France), Hali Industrial (China), Kolorjet (India), and Kolortek (China).
These players have established a strong foothold in the market by adopting strategies such as expansion, new product launch, and merger & acquisition.

For more Info Visit Blog: https://chemicalsresearchmarket.wordpress.com/blog/

About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact MarketsandMarkets™:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
[email protected]