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

Based on type, reversible thermochromic pigments segment is expected to
garner the largest share in the market by 2025
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. Besides
that, the average selling price of reversible thermochromic pigments is higher
when compared with the irreversible ones. Irreversible thermochromic pigments
are capable of changing color only once and the color is not at all reversible.
Irreversible thermochromic pigments are being majorly used in prevention of
thermal faults.
“The global home furnishing as well as fashion industry are majorly developing
the thermochromic smart textiles such as temperature sensitive tablecloths, t-
shirts, ski-outfits, chairs, etc., which has further provided an impetus to the
market. “-GMI Research
Ink printing segment is expected to hold the largest share throughout the
forecast period due to escalated demand for thermochromic pigments by smart
packaging and smart textiles sectors worldwide. Moreover, there has been an
increased usage of thermochromic inks in packaging industry for labelling,
security printing and promotional activities. Thermochromic inks are being used
as indicator stripes on beers and beverages to indicate accurate chilling, on
pizza boxes to indicate their hotness, on milk cartons to indicate proper
refrigeration, among others.
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