Global Thermochromic Pigments Market (2018-2025)-GMI Research Global Thermochromic Pigments Market (2018-2025)-G | Page 2

prominence of thermochromic pigments in the infrastructure segment worldwide
are the key factors bolstering the growth of thermochromic pigments market.
In 2017, reversible thermochromic pigments had the largest share in the
thermochromic pigments market
The extensive usage in print packaging industry to indicate temperature change
and surging employment in decorative products are some of the significant
aspects fuelling growth of reversible thermochromic pigments segment.
Moreover, Irreversible thermochromic pigments are capable of changing color
only once. The Irreversible thermochromic pigments are being majorly used in
prevention of thermal faults. The ink printing application is leading the
thermochromic pigments market by applications. Rise in demand for
thermochromic pigments in smart packaging and smart textiles for ink printing
application are few of the factors which are driving the growth of the market.
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Figure 2: Global Thermochromic Pigment Market Revenue, by Region, 2017
Source: GMI Research
Presence of large number of printing ink manufacturers coupled with increasing
affordability of thermochromic products are the major reasons likely to spur the
market growth in North America over the coming years. United States is a key