Thermochromic paints & coatings are designed in such a way that they change the color at a specific temperature, providing a visual indication of a temperature change. A special type of pigments, known as thermochromic pigments, is available in the market to manufacture thermochromic paints & coatings. In recent years, thermochromic paints & coatings have grown extraordinarily with the global thermochromic market attracting a significant share. Thermochromic paints and coatings offer unique visual effects and interactive experiences. The ability to change color with temperature variations adds novelty and excitement to products, making them more attractive to consumers. This aesthetic appeal has led to their use in various applications, from artistic projects to consumer goods which propel the market growth. On the other the factors such as raw material price fluctuations and low awareness of thermochromic paints & coatings in emerging economies are limiting the market growth. The Thermochromic Paints & Coatings Market is projected to grow at a rate of 15.1% CAGR by 2028.
Thermochromic Paints & Coatings Market based on Types:
• Reversible
• Irreversible
Thermochromic Paints & Coatings Market based on End-users:
• Decorative
• Food
• Industrial
• Others
Thermochromic Paints & Coatings Market based on Geography:
• North America
• Europe
• Asia Pacific
• Rest of the world
The market based on type is bifurcated into Reversible and Irreversible. Thermochromic pints based on irreversible paints hold the larger share of the market in terms of volume. The ability of these paints to change the color once over their service can hinder the growth of the segment. The reversible paints are expensive and have the ability to retain their color over its entire lifespan. In terms of value, this segment holds the largest share of the market.
The market for end-users is segmented as Decorative, Food, Industrial and Others. The decorative sector is one of the major contributors to the thermochromic paints & coatings market. The high growth in economies and increasing per capita income among consumers in developing countries has increased the demand for construction. This trend is expected to continue with the construction sector leading the market during the forecast period.
North America is the largest thermochromic paints & coatings market globally due to the presence of export-oriented manufacturing capacities and intense domestic demand from various end-user industries. The increase in food manufacturing and building construction is further driving the market growth in the region. The anticipated economic stability in Europe is expected to boost its manufacturing sector, complementing the growth of the thermochromic paints & coatings market. North America is likely to remain as the key region with a significant contribution coming from the US.
Furthermore, the rise of e-commerce and increasing consumer awareness regarding product quality and authenticity has driven the adoption of smart packaging solutions. Thermochromic coatings are used in smart packaging to indicate temperature changes and provide information about product freshness or storage conditions. This trend has been particularly significant in the food and beverage industry.
The market report provides with few notable companies of the market which include 3M, Akzo Nobel N.V., Arkema S.A., Axalta Coating Systems Ltd., Bechtel Corporation, Clariant AG, General Electric (GE), Hammer packaging, RPM INTERNATIONAL and Sherwin Williams Company.
As a result, the thermochromic paints and coatings market is expected to continue growing as technology advances, manufacturing processes improve, and consumer demand for visually engaging, interactive, and functional products increases across different industries.
• This report mentions market analysis which includes various regions that enable shareholders to prepare plans according to region.
• This report represents the insights of the attributes which propel and hamper the growth of the market.
• The exclusive analysis of given regions offers insights which are estimated to facilitate competitors to strategically organize their business moves and also helps in survive in the market.
• Significant market vendors of the market are included in terms of their profiles in this report and their strategies, which assists in getting perception of competitive outlook of the market.
Table of Contents 1. Executive Summary 2. Industry Outlook 2.1. Industry Overview 2.2. Industry Trends 3. Market Snapshot 3.1. Market Definition 3.2. Market Outlook 3.2.1. Porter Five Forces 3.3. Related Markets 4. Market characteristics 4.1. Market Overview 4.2. Market Segmentation 4.3. Market Dynamics 4.3.1. Drivers 4.3.2. Restraints 4.3.3. Opportunities 4.4. DRO - Impact Analysis 5. Type: Market Size & Analysis 5.1. Overview 5.2. Reversible 5.3. Irreversible 6. End-users: Market Size & Analysis 6.1. Overview 6.2. Decorative 6.3. Food 6.4. Industrial 6.5. Others 7. Geography: Market Size & Analysis 7.1. Overview 7.2. North America 7.3. Europe 7.4. Asia Pacific 7.5. Rest of the World 8. Competitive Landscape 8.1. Competitor Comparison Analysis 8.2. Market Developments 8.2.1. Mergers and Acquisitions, Legal, Awards, Partnerships 8.2.2. Product Launches and execution 9. Vendor Profiles 9.1. 3M 9.1.1. Overview 9.1.2. Financial Overview 9.1.3. Product Offerings 9.1.4. Developments 9.1.5. Business Strategy 9.2. Akzo Nobel N.V. 9.2.1. Overview 9.2.2. Financial Overview 9.2.3. Product Offerings 9.2.4. Developments 9.2.5. Business Strategy 9.3. Arkema S.A. 9.3.1. Overview 9.3.2. Financial Overview 9.3.3. Product Offerings 9.3.4. Developments 9.3.5. Business Strategy 9.4. Axalta Coating Systems Ltd. 9.4.1. Overview 9.4.2. Financial Overview 9.4.3. Product Offerings 9.4.4. Developments 9.4.5. Business Strategy 9.5. Bechtel Corporation 9.5.1. Overview 9.5.2. Financial Overview 9.5.3. Product Offerings 9.5.4. Developments 9.5.5. Business Strategy 9.6. Clariant AG 9.6.1. Overview 9.6.2. Financial Overview 9.6.3. Product Offerings 9.6.4. Developments 9.6.5. Business Strategy 9.7. General Electric (GE) 9.7.1. Overview 9.7.2. Financial Overview 9.7.3. Product Offerings 9.7.4. Developments 9.7.5. Business Strategy 9.8. Hammer packaging 9.8.1. Overview 9.8.2. Financial Overview 9.8.3. Product Offerings 9.8.4. Developments 9.8.5. Business Strategy 9.9. RPM INTERNATIONAL 9.9.1. Overview 9.9.2. Financial Overview 9.9.3. Product Offerings 9.9.4. Developments 9.9.5. Business Strategy 9.10. Sherwin Williams Company 9.10.1. Overview 9.10.2. Financial Overview 9.10.3. Product Offerings 9.10.4. Developments 9.10.5. Business Strategy 10. Analyst Opinion 11. Annexure 11.1. Report Scope 11.2. Market Definitions 11.3. Research Methodology 11.3.1. Data Collation and In-house Estimation 11.3.2. Market Triangulation 11.3.3. Forecasting 11.4. Report Assumptions 11.5. Declarations 11.6. Stakeholders 11.7. Abbreviations
Tables TABLE 1. GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) TABLE 2. GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET VALUE FOR REVERSIBLE, BY GEOGRAPHY, 2022-2028 (USD BILLION) TABLE 3. GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET VALUE FOR IRREVERSIBLE, BY GEOGRAPHY, 2022-2028 (USD BILLION) TABLE 4. GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) TABLE 5. GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET VALUE FOR DECORATIVE, 2022-2028 (USD BILLION) TABLE 6. GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET VALUE FOR FOOD, BY GEOGRAPHY, 2022-2028 (USD BILLION) TABLE 7. GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET VALUE FOR INDUSTRIAL, BY GEOGRAPHY, 2022-2028 (USD BILLION) TABLE 8. GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET VALUE FOR OTHERS, BY GEOGRAPHY, 2022-2028 (USD BILLION) TABLE 9. NORTH AMERICA THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY COUNTRY, 2022-2028 (USD BILLION) TABLE 10. NORTH AMERICA THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) TABLE 11. NORTH AMERICA THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) TABLE 12. U.S THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) TABLE 13. U.S THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) TABLE 14. CANADA THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) TABLE 15. CANADA THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) TABLE 16. EUROPE THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY COUNTRY, 2022-2028 (USD BILLION) TABLE 17. EUROPE THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) TABLE 18. EUROPE THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, END-USERS, 2022-2028 (USD BILLION) TABLE 19. GERMANY THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) TABLE 20. GERMANY THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) TABLE 21. U.K THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) TABLE 22. U.K THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) TABLE 23. FRANCE THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) TABLE 24. FRANCE THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) TABLE 25. ITALY THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) TABLE 26. ITALY THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) TABLE 27. SPAIN THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) TABLE 28. SPAIN THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) TABLE 29. ROE THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) TABLE 30. ROE THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) TABLE 31. ASIA PACIFC THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY COUNTRY, 2022-2028 (USD BILLION) TABLE 32. ASIA PACIFC THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) TABLE 33. ASIA PACIFC THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) TABLE 34. CHINA THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) TABLE 35. CHINA THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) TABLE 36. INDIA THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) TABLE 37. INDIA THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) TABLE 38. JAPAN THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) TABLE 39. JAPAN THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) TABLE 40. REST OF APAC THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) TABLE 41. REST OF APAC THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) TABLE 42. REST OF WORLD THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) TABLE 43. REST OF WORLD THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) TABLE 44. 3M: FINANCIALS TABLE 45. 3M: PRODUCTS & SERVICES TABLE 46. 3M: RECENT DEVELOPMENTS TABLE 47. AKZO NOBEL N.V.: FINANCIALS TABLE 48. AKZO NOBEL N.V.: PRODUCTS & SERVICES TABLE 49. AKZO NOBEL N.V.: RECENT DEVELOPMENTS TABLE 50. ARKEMA S.A.: FINANCIALS TABLE 51. ARKEMA S.A.: PRODUCTS & SERVICES TABLE 52. ARKEMA S.A.: RECENT DEVELOPMENTS TABLE 53. AXALTA COATING SYSTEMS LTD.: FINANCIALS TABLE 54. AXALTA COATING SYSTEMS LTD.: PRODUCTS & SERVICES TABLE 55. AXALTA COATING SYSTEMS LTD.: RECENT DEVELOPMENTS TABLE 56. BECHTEL CORPORATION: FINANCIALS TABLE 57. BECHTEL CORPORATION: PRODUCTS & SERVICES TABLE 58. BECHTEL CORPORATION: RECENT DEVELOPMENTS TABLE 59. CLARIANT AG: FINANCIALS TABLE 60. CLARIANT AG: PRODUCTS & SERVICES TABLE 61. CLARIANT AG: RECENT DEVELOPMENTS TABLE 62. GENERAL ELECTRIC (GE): FINANCIALS TABLE 63. GENERAL ELECTRIC (GE): PRODUCTS & SERVICES TABLE 64. GENERAL ELECTRIC (GE): RECENT DEVELOPMENTS TABLE 65. HAMMER PACKAGING: FINANCIALS TABLE 66. HAMMER PACKAGING: PRODUCTS & SERVICES TABLE 67. HAMMER PACKAGING: RECENT DEVELOPMENTS TABLE 68. RPM INTERNATIONAL: FINANCIALS TABLE 69. RPM INTERNATIONAL: PRODUCTS & SERVICES TABLE 70. RPM INTERNATIONAL: RECENT DEVELOPMENTS TABLE 71. SHERWIN WILLIAMS COMPANY: FINANCIALS TABLE 72. SHERWIN WILLIAMS COMPANY: PRODUCTS & SERVICES TABLE 73. SHERWIN WILLIAMS COMPANY: RECENT DEVELOPMENTS Charts CHART. 1. GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) CHART. 2. GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET VALUE FOR REVERSIBLE, BY GEOGRAPHY, 2022-2028 (USD BILLION) CHART. 3. GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET VALUE FOR IRREVERSIBLE, BY GEOGRAPHY, 2022-2028 (USD BILLION) CHART. 4. GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) CHART. 5. GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET VALUE FOR DECORATIVE, 2022-2028 (USD BILLION) CHART. 6. GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET VALUE FOR FOOD, BY GEOGRAPHY, 2022-2028 (USD BILLION) CHART. 7. GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET VALUE FOR INDUSTRIAL, BY GEOGRAPHY, 2022-2028 (USD BILLION) CHART. 8. GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET VALUE FOR OTHERS, BY GEOGRAPHY, 2022-2028 (USD BILLION) CHART. 9. NORTH AMERICA THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY COUNTRY, 2022-2028 (USD BILLION) CHART. 10. NORTH AMERICA THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) CHART. 11. NORTH AMERICA THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) CHART. 12. U.S THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) CHART. 13. U.S THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) CHART. 14. CANADA THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) CHART. 15. CANADA THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) CHART. 16. EUROPE THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY COUNTRY, 2022-2028 (USD BILLION) CHART. 17. EUROPE THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) CHART. 18. EUROPE THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, END-USERS, 2022-2028 (USD BILLION) CHART. 19. GERMANY THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) CHART. 20. GERMANY THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) CHART. 21. U.K THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) CHART. 22. U.K THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) CHART. 23. FRANCE THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) CHART. 24. FRANCE THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) CHART. 25. ITALY THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) CHART. 26. ITALY THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) CHART. 27. SPAIN THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) CHART. 28. SPAIN THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) CHART. 29. ROE THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) CHART. 30. ROE THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) CHART. 31. ASIA PACIFC THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY COUNTRY, 2022-2028 (USD BILLION) CHART. 32. ASIA PACIFC THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) CHART. 33. ASIA PACIFC THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) CHART. 34. CHINA THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) CHART. 35. CHINA THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) CHART. 36. INDIA THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) CHART. 37. INDIA THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) CHART. 38. JAPAN THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) CHART. 39. JAPAN THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) CHART. 40. REST OF APAC THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) CHART. 41. REST OF APAC THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION) CHART. 42. REST OF WORLD THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2022-2028 (USD BILLION) CHART. 43. REST OF WORLD THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END-USERS, 2022-2028 (USD BILLION)
Publisher: Infoholic Research
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