Global Thermochromic Materials Market – Segmentation Analysis and Forecast by Technavio

January 16, 2018

LONDON–(BUSINESS WIRE)–#MetalsandMinerals–According to the latest market study released by Technavio,
the global thermochromic materials market is expected to grow at
a CAGR close to 7% during the forecast period.

This research report titled ‘Global
Thermochromic Materials market 2017-2021’ provides an in-depth
analysis of the market in terms of revenue and emerging market trends.
This report also includes an up to date analysis and forecasts for
various market segments and all geographical regions.

This report is available at a USD 1,000 discount for a limited time
only: View
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The market research analysis categorizes the global
thermochromic materials market into the following type of
application:

Pigments
Thermometers
Food quality indicators
Papers

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The top three revenue-generating segments are discussed below:

Pigments

Due to the versatility of pigment and their improved performance, the
global thermochromic materials market by pigments is projected to grow
at the fastest pace among all the application segments. Pigments are
widely used in the production of inks and paints. Due to their
consistency, longevity, and high efficiency, pigments are used in
plastic films. Pigments are usually preferred over conventional dye
systems.

According to Ajay Adikhari, a lead analyst at Technavio for metals
and minerals research, “The demand is fueled by the growing
production of affordable pigments with enhanced color. Construction
activities such as exterior walls, windows, and other construction
components use thermochromic pigments because of their heat-control
abilities.”

Thermometers

The increasing use of liquid crystals in thermometers is the key factor
driving the market for thermochromic materials in thermometers. Liquid
crystals are used for manufacturing forehead thermometers. The forehead
strip thermometers change color to indicate the body temperature
effectively.

“Industrial applications such as thermal mapping, medical
devices, aquarium, and room thermometers use liquid crystal
thermometers,” says Ajay.

Food quality indicators

Owing to the increasing demand for indicators to determine the quality
of the frozen meat and foods, the global thermochromic materials market
by food quality indicator will witness a moderate growth during the
forecast period. Smart packaging systems that are made of thermochromic
materials help consumers to detect the condition of the food through a
direct visual change such as a change in color.

The top vendors highlighted by Technavio’s market research analysts in
this report are:

Hali Pigment
LCR Hallcrest
Matsui International
QCR Solutions

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