WiseGuyReports.Com Publish a New Market Research Report On –“ Thermochromic Pigment 2019 Global Market Net Worth US$ 2,612.9 million Forecast By 2022”.
— Thermochromic Pigment Industry 2019
Thermochromic Pigments are signified as high-performing pigments which carry the properties of changing colors due to fluctuation in temperature. The global market of Thermochromic Pigment results in disposable income and economic growth. The prime use of thermochromic pigments are for ink printing, coating and paint and on plastic products. It highlights the temperature change on the required products and is also used for adding an appeal to the products. Some of the goods where you will mostly find thermochromic pigments are beer wrappers and pizza delivery boxes. The beer wrappers change colors when it turns from cold to hot and similarly, the pizza delivery boxes also highlight different color when it is hot, warm, or cold. Due to the growing demand of Thermochromic Pigments, the Global market is experiencing growth in a few of the particular regions such as North America and Europe.
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The report states the growth status of the Global Thermochromic Pigment Market along with the growth opportunities in various regions. It also focuses on the market players along with different segmentation based on application, types, and regions. The Global Thermochromic Pigment Market size was xx million US$ in the year 2018, which is expected to rise to 2,612 million US$ by the end of the year 2022. The rate of CAGR during the financial period of 2016-2022 will be 5.3%.
Key Market Segments
Based on types and products segmentation, the Global Thermochromic Pigment Market deals in Reversible Thermochromic Pigment and Irreversible Thermochromic pigment. The irreversible thermochromic pigment changes color once and is permanent whereas reversible thermochromic pigments can retain colors on multiple changes of temperatures. Reversible Pigment is essential for certain products which reveal messages or pictures with the change in temperature and again becomes invisible when the required temperature is lost.
Based on application segmentation, the Global Thermochromic Pigment Market extends its service to Ink Printing, Paint & Coating, Plastic and others such as cosmetics. The cost of the thermochromic pigment is high, which boosts its market value helping the global market to grow in this industry.
Based on region segmentation, the Global Thermochromic Pigment Market is widely spread across various regions of the World including Europe, North America, Asia Pacific and other regions of the World. North America is today the leading zone of the Global Thermochromic Pigment market, whereas the US is growing in the sector of the ink printing market. These regions are contributing to the advancement of the Global Thermochromic Pigment market.
Key Players Analysis
There are many companies spread across the globe whose collective contribution helps in creating growth opportunity for the Global Thermochromic Pigment market. Some of the major key players are DuPont, RPM International, CTI, Flint Group, and OliKrom. These companies are delivering their quality service in various regions of the globe to build the market status of the Global Thermochromic Pigment industry.
Recent Industry News
In September 2019, the major regions of the Global Thermochromic market will collaborate to increase the sales of both reversible and irreversible thermochromic pigment goods to add more rapid growth to the industry.
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