Global Thermochromic Pigments Market (2018-2025) -GMI Research Global Thermochromic Pigments Market | Page 3

country in the region with highest consumption of thermochromic pigments
owing to its growing smart packaging and smart textiles market. Asia-Pacific
thermochromic pigment market is expected to be the fastest growing market.
The Asia-Pacific thermochromic pigment market is expected to grow at an
estimated CAGR of 12.1% during the forecast period. Countries such as Japan
and China are contributing towards the growth of the market in the region. The
large automotive industry as well as growing textile industry in the region are
likely to drive the growth of market during the forecast period.
Key takeaways:
•
The reversible thermochromic pigments segment is expected to garner the
largest share in the market by 2025
•
Ink printing segment is expected to hold the largest share of about 40%
throughout the forecast period
•
The Asia-Pacific thermochromic pigment market is expected to grow at an
estimated CAGR of 12.1% during the forecast period
•
In 2017, North America occupied the largest share in the global
thermochromic pigments market followed by Europe
Some of the key players operating in the thermochromic pigments market
include RPM International, Chromatic Technologies Inc, OliKrom, Quad/Graphics,
Smarol Technology, SFXC, Matsui Color, LCR Hallcrest, Hammer Packaging, 3M,
Ball, Crown Bevcan Europe, Indestructible Paints Limited, Kolortek Co. Ltd.,
NanoMatriX International Ltd.
The research report on thermochromic pigments market provides in-depth
analysis of the global thermochromic pigments market based on type,
applications and major geographies for the forecast period from 2018 to 2025.
The report highlights the major market drivers propelling the growth as well as
challenges faced by the market participants. The research report also provides
market size and forecast for thermochromic pigments market. The report also