With changes in temperature, thermochromic materials also change their color. These materials are used in pigments, thermometers, food quality indicators, kettles, test strips on batteries, and textiles. These materials are also used in food packaging. They are generally categorized into two types: liquid crystals and leuco dyes. Liquid crystals are used in liquid crystal display (LCD) screens, thermometers, and mood rings. Leuco dyes are less expensive than liquid crystals and are used in a wide range of applications such as quality control, product labeling, advertising and promotional applications, toys, game pieces, and packaging.
Technavio’s analysts forecast the global thermochromic materials market to grow at a CAGR of 6.77% during the period 2017-2021.
Covered in this report The report covers the present scenario and the growth prospects of the global thermochromic materials market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of thermochromic materials.
The market is divided into the following segments based on geography: • Americas • APAC • EMEA
Technavio’s report, Global Thermochromic Materials Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors • Hali Pigment • LCR Hallcrest • Matsui International • QCR Solutions
Other prominent vendors • Good Life Innovations • Gem’innov • Chromatic Technologies • SFXC • SMAROL INDUSTRY • NCC
Market driver • Increasing demand for thermochromic material as food quality indicators • For a full, detailed list, view our report
Market challenge • Product limitations • For a full, detailed list, view our report
Market trend • Emergence of smart materials • For a full, detailed list, view our report
Key questions answered in this report • What will the market size be in 2022 and what will the growth rate be? • What are the key market trends? • What is driving this market? • What are the challenges to market growth? • Who are the key vendors in this market space?
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152 pages •
By Transparency Market Research
• Jul 2017
Global Thermochromic Materials Market: Overview Thermochromic materials are materials which can change its original color when exposed to temperature. These type of materials are used in various temperature sensing or indicating applications such as in baby spoons, decorative items, packaging for food & beverages, labelling,...