Report Details

Thermochromic Pigment Market – Drivers, Opportunities, Trends & Forecasts up to 2025

Thermochromic Pigment Market – Drivers, Opportunities, Trends & Forecasts up to 2025

Report Format PDF & Excel
Pages 116
Publish Date Dec, 2021

Thermochromic pigments are classified under high-performance pigment that has the property of changing color with a change in temperature. Both the markets of thermochromic pigment and high-performance pigment can be related to economic development, disposable income, and our quality of life.

The thermochromic pigments are used in paint & coating, ink printing, and plastic products to either show the temperature change or to increase aesthetics of the product. The usage of thermochromic pigment based ink can be usually seen in beer wrappers indicating the coldness of beer or sticker on the pizza delivery boxes indicating hotness of the pizza.

Globally, the demand for thermochromic pigment is growing consistently, especially in Europe and North America markets. This growth is supported by increasing automotive coating & printing industries in these regions.

Currently, North America is the global leader in the thermochromic pigment market. The US has built an advantage of having most of the ink printing market thus providing the maximum contribution in the global thermochromic pigment market. After the US, Canada is the major consumer of global thermochromic pigment market in North America. Asia Pacific will show high growth rate during the forecast period due to growing industrialization and increasing per capita income of people.

Reversible thermochromic pigments are extensively popular for their reversible color changing property and make it usable for aesthetics in decorative products.

Irreversible thermochromic pigment has relatively lower cost in comparison to reversible thermochromic pigment and only once it can change the color with a change in temperature. It has larger market share in volume in comparison with reversible, although relatively low market share in value.

Both reversible and irreversible thermochromic pigments have unique color changing property, which makes them useful in various applications. Reversible thermochromic pigment has high cost and is the leading market used in thermochromic pigment in terms of value.

The study of the global thermochromic pigment market provides the market size information and market trends along with the factors and parameters impacting it in both short and long term. The study ensures a 360° view, bringing out the complete key insights of the industry. These insights help the key decision makers to make better business plans and informed decisions for the future. In addition, the study helps the venture capitalist in understanding the companies better and take informed decisions.

According to Infoholic Research, the global thermochromic pigment market is expected to grow at a CAGR of 5.3% during the forecast period 2019–2022 to reach $2,612.9 million by 2022. Ink printing application segment is expected to maintain global dominance in application segments, whereas China and Japan driven Asia Pacific is expected to contribute the highest growth in global thermochromic pigment. Some of the key players in thermochromic pigment are RPM International, DuPont, OliKrom, CTI and Flint Group.

Report Scope:

• Applications

o Paint & Coating

o Ink printing

o Plastic

o Others (such as Cosmetics)

• Types

o Reversible thermochromic pigment

o Irreversible thermochromic pigment

• Regions

o Asia Pacific

o Europe

o North America

o Rest of the World

• Industry outlook: market trends and drivers, restraints, and opportunities

Same as Description

Companies Mentioned in the Report

RPM International,Chromatic Technologies Inc,OliKrom,E.I.du Pont,Flint Group,Sherwin-Williams Co

NanoMatriX International Ltd,3M,Hammer Packaging,Quad/Graphics,

1 Report Outline 12

1.1 Introduction 12

1.2 Report Scope 12

1.3 Market Definition 12

1.4 Research Methodology 13

1.4.1 Data Collation & In-House Estimation 13

1.4.2 Market Triangulation 14

1.4.3 Forecasting 14

1.5 Study Declarations 15

1.6 Report Assumptions 15

1.7 Stakeholders 15

2 Executive Summary 16

2.1 North America Continues to Dominate the Thermochromic Pigment Market 16

2.2 Ink Printing Increasing its Lead with High Growth Coming from Developing Countries 16

3 Market Positioning 18

3.1 Total Addressable Market (TAM): High Performance Pigment 18

3.1.1 Market Overview 18

3.2 Segmented Addressable Market (SAM) 18

3.3 Related Markets 19

4 Market Outlook 20

4.1 Overview 20

4.2 Value Chain Analysis 20

4.3 PESTLE Analysis 21

4.4 Porter 5 (Five) Forces 22

4.5 Patent Analysis 22

5 Market Characteristics 24

5.1 Market Segmentation 24

5.2 Market Dynamics 24

5.2.1 Drivers 25

5.2.1.1 Increasing utilization of thermochromic pigment products in quality detection systems, especially in FMCG, is driving the market demand 25

5.2.1.2 Increasing affordability of thermochromic products is expanding the potential opportunities 25

5.2.2 Restraints 25

5.2.2.1 Low penetration in underdeveloped countries 25

5.2.2.2 Availability of premium substitutes in developed economies 26

5.2.3 Opportunities 26

5.2.3.1 Large untapped market in developing and underdeveloped countries 26

5.2.3.2 Introduction and focus on novel application areas 26

5.2.4 DRO – Impact Analysis 26

6 Type: Market Size and Analysis 28

6.1 Overview 28

6.2 Reversible 29

6.3 Irreversible 31

6.4 Vendor Profiles 33

6.4.1 RPM International 33

6.4.2 Chromatic Technologies, Inc. (CTI) 39

6.4.3 OliKrom 43

6.4.4 E.I. du Pont 47

6.4.5 Flint Group 53

(Overview, Business Units, Geographic Revenues, Product Profile, Recent Developments, Business Focus, SWOT Analysis and Business Strategies have been covered for all vendors)

7 Application: Market Size and Analysis 57

7.1 Overview 57

7.2 Paint & Coating Application 58

7.3 Ink Printing 60

7.4 Plastics Application 61

7.5 Customer Profile 63

7.5.1 Sherwin-Williams Co. 63

7.5.2 NanoMatriX International Limited 68

7.5.3 3M 72

7.5.4 Hammer Packaging 78

7.5.5 Quad/Graphics 82

(Overview, Business Units, Geographic Revenues, Product Profile, Recent Developments, Business Focus, SWOT Analysis and Business Strategies have been covered for all customers)

8 Regions: Market Size and Analysis 87

8.1 Overview 87

8.2 Asia Pacific 88

8.2.1 Asia Pacific Market, By Countries 88

8.2.2 Asia Pacific Market, By Application 90

8.2.3 Asia Pacific Market, By Type 91

8.3 Europe 93

8.3.1 Europe Market, By Country 93

8.3.2 Europe Market, By Application 94

8.3.3 Europe Market, By Type 96

8.4 North America 97

8.4.1 North America Market, By Countries 97

8.4.2 North America Market, By Application 99

8.4.3 North America Market, By Type 100

8.5 Rest of the World 102

8.5.1 Rest of the World Market, By Application 103

8.5.2 Rest of the World Market, By Type 105

9 Companies to Watch for 107

9.1 3M Company 107

9.2 Clariant 107

9.2.1 Overview 107

9.2.2 Creation of New Product for Thermochromic Pigment 108

10 Competitive Landscape 109

10.1 Competitor Comparison Analysis 109

10.2 Market Landscape 109

10.2.1 Mergers, Acquisitions & Joint Ventures 110

10.2.2 Expansion 112

10.2.3 Exhibition & Product Launch 112

10.2.4 Awards & Recognition 113

10.2.5 Divestment & Divestiture 114

11 Expert’s Views 115

Annexure 116

 Abbreviations 116

Tables

TABLE 1 GLOBAL THERMOCHROMIC PIGMENT MARKET VALUE, BY TYPE, 2019−2025 ($MILLION) 28

TABLE 2 GLOBAL THERMOCHROMIC PIGMENT MARKET VOLUME, BY TYPE, 2019−2025 (TONS) 29

TABLE 3 GLOBAL REVERSIBLE THERMOCHROMIC PIGMENT MARKET VALUE, BY GEOGRAPHY, 2019−2025 ($MILLION) 30

TABLE 4 GLOBAL REVERSIBLE THERMOCHROMIC PIGMENT MARKET VOLUME, BY GEOGRAPHY, 2019−2025 (TONS) 30

TABLE 5 GLOBAL IRREVERSIBLE THERMOCHROMIC PIGMENT MARKET VALUE, BY GEOGRAPHY, 2019−2025 ($MILLION) 31

TABLE 6 GLOBAL IRREVERSIBLE THERMOCHROMIC PIGMENT MARKET VOLUME, BY GEOGRAPHY, 2019−2025 (TONS) 32

TABLE 7 RPM INTERNATIONAL: PRODUCT PROFILE 35

TABLE 8 RPM INTERNATIONAL: RECENT DEVELOPMENTS 36

TABLE 9 CTI: PRODUCT PROFILE 40

TABLE 10 CTI: RECENT DEVELOPMENTS 40

TABLE 11 OLIKROM: PRODUCT PROFILE 44

TABLE 12 OLIKROM: RECENT DEVELOPMENTS 44

TABLE 13 E.I DU PONT: PRODUCT PROFILE 50

TABLE 14 E.I. DU PONT: RECENT DEVELOPMENTS 50

TABLE 15 FLINT GROUP: PRODUCT PROFILE 54

TABLE 16 FLINT GROUP: RECENT DEVELOPMENTS 54

TABLE 17 GLOBAL THERMOCHROMIC PIGMENT MARKET VALUE, BY APPLICATION, 2019−2025 ($MILLION) 57

TABLE 18 GLOBAL THERMOCHROMIC PIGMENT MARKET VOLUME, BY APPLICATION, 2019−2025 (TONS) 58

TABLE 19 GLOBAL THERMOCHROMIC PIGMENT MARKET VALUE IN PAINT & COATING APPLICATION, BY GEOGRAPHY, 2019−2025 ($MILLION) 59

TABLE 20 GLOBAL THERMOCHROMIC PIGMENT MARKET VOLUME IN PAINT & COATING APPLICATION, BY GEOGRAPHY, 2019−2025 (TONS) 59

TABLE 21 GLOBAL THERMOCHROMIC PIGMENT MARKET VALUE IN INK PRINTING APPLICATION, BY GEOGRAPHY, 2019−2025 ($MILLION) 60

TABLE 22 GLOBAL THERMOCHROMIC PIGMENT MARKET VOLUME IN INK PRINTING APPLICATION, BY GEOGRAPHY, 2019−2025 (TONS) 61

TABLE 23 GLOBAL THERMOCHROMIC PIGMENT MARKET VALUE IN PLASTIC APPLICATION, BY GEOGRAPHY, 2019−2025 ($MILLION) 62

TABLE 24 GLOBAL THERMOCHROMIC PIGMENT MARKET VOLUME IN PLASTIC APPLICATION, BY GEOGRAPHY, 2019−2025 (TONS) 62

TABLE 25 SHERWIN-WILLIAMS CO.: PRODUCT PROFILE 64

TABLE 26 SHERWIN-WILLIAMS CO.: RECENT DEVELOPMENTS 65

TABLE 27 NANOMATRIX INTERNATIONAL: PRODUCT PROFILE 69

TABLE 28 NANOMATRIX INTERNATIONAL: RECENT DEVELOPMENTS 69

TABLE 29 3M: PRODUCT PROFILE 74

TABLE 30 3M: RECENT DEVELOPMENTS 75

TABLE 31 HAMMER PACKAGING: PRODUCT PROFILE 78

TABLE 32 HAMMER PACKAGING: RECENT DEVELOPMENTS 79

TABLE 33 QUAD/GRAPHICS: PRODUCT PROFILE 84

TABLE 34 QUAD/GRAPHICS: RECENT DEVELOPMENTS 84

TABLE 35 GLOBAL THERMOCHROMIC PIGMENT MARKET VALUE, BY GEOGRAPHY, 2019−2025 ($MILLION) 87

TABLE 36 GLOBAL THERMOCHROMIC PIGMENT MARKET VOLUME, BY GEOGRAPHY, 2019−2025 (TONS) 88

TABLE 37 ASIA PACIFIC THERMOCHROMIC PIGMENT VALUE, BY COUNTRY, 2019−2025 ($MILLION) 89

TABLE 38 ASIA PACIFIC THERMOCHROMIC PIGMENT MARKET VOLUME, BY COUNTRY, 2019−2025 (TONS) 89

TABLE 39 ASIA PACIFIC THERMOCHROMIC PIGMENT MARKET VALUE, BY APPLICATION, 2019−2025 ($MILLION) 91

TABLE 40 ASIA PACIFIC THERMOCHROMIC PIGMENT MARKET VOLUME, BY APPLICATION, 2019−2025 ($MILLION) 91

TABLE 41 ASIA PACIFIC THERMOCHROMIC PIGMENT MARKET VALUE, BY TYPE, 2019−2025 ($MILLION) 92

TABLE 42 ASIA PACIFIC THERMOCHROMIC PIGMENT MARKET VOLUME, BY TYPE, 2019−2025 (TONS) 92

TABLE 43 EUROPE THERMOCHROMIC PIGMENT MARKET VALUE, BY COUNTRY, 2019−2025 ($MILLION) 93

TABLE 44 EUROPE THERMOCHROMIC PIGMENT MARKET VOLUME, BY COUNTRY, 2019−2025 (TONS) 94

TABLE 45 EUROPE THERMOCHROMIC PIGMENT MARKET VALUE, BY APPLICATION, 2019−2025 ($MILLION) 95

TABLE 46 EUROPE THERMOCHROMIC PIGMENT MARKET VOLUME, BY APPLICATION, 2019−2025 (TONS) 95

TABLE 47 EUROPE THERMOCHROMIC PIGMENT MARKET VALUE, BY TYPE, 2019−2025 ($MILLION) 96

TABLE 48 EUROPE THERMOCHROMIC PIGMENT MARKET VOLUME, BY TYPE, 2019−2025 (TONS) 97

TABLE 49 NORTH AMERICA THERMOCHROMIC PIGMENT MARKET VALUE, BY COUNTRY, 2019−2025 ($MILLION) 98

TABLE 50 NORTH AMERICA THERMOCHROMIC PIGMENT MARKET VOLUME, BY COUNTRY, 2019−2025 (TONS) 98

TABLE 51 NORTH AMERICA THERMOCHROMIC PIGMENT MARKET VALUE, BY APPLICATION, 2019−2025 ($MILLION) 99

TABLE 52 NORTH AMERICA THERMOCHROMIC PIGMENT MARKET VOLUME, BY APPLICATION, 2019−2025 (TONS) 100

TABLE 53 NORTH AMERICA THERMOCHROMIC PIGMENT MARKET VALUE, BY TYPE, 2019−2025 ($MILLION) 101

TABLE 54 NORTH AMERICA THERMOCHROMIC PIGMENT MARKET VOLUME, BY TYPE, 2019−2025 (TONS) 102

TABLE 55 REST OF THE WORLD THERMOCHROMIC PIGMENT MARKET VALUE, BY GEOGRAPHY, 2019−2025 ($MILLION) 103

TABLE 56 REST OF THE WORLD THERMOCHROMIC PIGMENT MARKET VOLUME, BY GEOGRAPHY, 2019−2025 (TONS) 103

TABLE 57 REST OF THE WORLD THERMOCHROMIC PIGMENT MARKET VALUE, BY APPLICATION, 2019−2025 ($MILLION) 104

TABLE 58 REST OF THE WORLD THERMOCHROMIC PIGMENT MARKET VOLUME, BY APPLICATION, 2019−2025 (TONS) 105

TABLE 59 REST OF THE WORLD THERMOCHROMIC PIGMENT MARKET VALUE, BY TYPE, 2019−2025 ($MILLION) 105

TABLE 60 REST OF THE WORLD THERMOCHROMIC PIGMENT MARKET VOLUME, BY TYPE, 2019−2025 (TONS) 106

TABLE 61 MERGER, ACQUISITION & JOINT VENTURE, 2012–2016 110

TABLE 62 EXPANSION, 2013–2016 112

TABLE 63 EXHIBITION & PRODUCT LAUNCH, 2012–2016 112

TABLE 64 AWARDS & RECOGNITION 113

TABLE 65 DIVESTMENT & DIVESTITURE, 2016 114

Charts

CHART 1 RESEARCH METHODOLOGY OF GLOBAL THERMOCHROMIC PIGMENT MARKET: DATA COLLATION 14

CHART 2 RESEARCH METHODOLOGY OF GLOBAL THERMOCHROMIC PIGMENT MARKET: TRIANGULATION 15

CHART 3 RESEARCH METHODOLOGY OF GLOBAL THERMOCHROMIC PIGMENT MARKET: FORECASTING 16

CHART 4 GLOBAL THERMOCHROMIC PIGMENT MARKET: REGIONAL ANALYSIS 17

CHART 5 GLOBAL THERMOCHROMIC PIGMENT APPLICATION MARKET 18

CHART 6 TOTAL ADDRESSABLE MARKET (TAM): HIGH PERFORMANCE PIGMENT 18

CHART 7 VALUE CHAIN: THERMOCHROMIC PIGMENT MARKET 21

CHART 8 PESTLE ANALYSIS: THERMOCHROMIC PIGMENT 22

CHART 9 PORTERS 5 FORCES ANALYSIS: THERMOCHROMIC PIGMENT MARKET 23

CHART 10 THERMOCHROMIC PIGMENT: PATENT ANALYSIS (2011–2016) 23

CHART 11 THERMOCHROMIC PIGMENT: PATENT ANALYSIS, BY REGION (2011–2016) 24

CHART 12 MARKET SEGMENTATION: THERMOCHROMIC PIGMENT 25

CHART 13 MARKET DYNAMICS – DRIVERS, RESTRAINTS & OPPORTUNITIES 26

CHART 14 DRO - IMPACT ANALYSIS: THERMOCHROMIC PIGMENT MARKET 27

CHART 15 GLOBAL THERMOCHROMIC PIGMENT MARKET VALUE, BY TYPE, 2019−2025 ($MILLION) 29

CHART 16 GLOBAL THERMOCHROMIC PIGMENT MARKET VALUE BY REVERSIBLE TYPE, BY GEOGRAPHY, 2019−2025 ($MILLION) 30

CHART 17 GLOBAL THERMOCHROMIC PIGMENT MARKET VALUE BY IRREVERSIBLE TYPE, BY GEOGRAPHY, 2019−2025 ($MILLION) 32

CHART 18 RPM INTERNATIONAL: OVERVIEW SNAPSHOT 34

CHART 19 RPM INTERNATIONAL: BUSINESS UNITS 35

CHART 20 RPM INTERNATIONAL: GEOGRAPHIC REVENUE 35

CHART 21 RPM INTERNATIONAL: SWOT ANALYSIS 39

CHART 22 CTI: OVERVIEW SNAPSHOT 41

CHART 23 CTI: SWOT ANALYSIS 43

CHART 24 OLIKROM: OVERVIEW SNAPSHOT 46

CHART 25 OLIKROM: SWOT ANALYSIS 47

CHART 26 E.I. DU PONT: OVERVIEW SNAPSHOT 50

CHART 27 E.I. DU PONT: BUSINESS UNIT 51

CHART 28 E.I. DU PONT: SWOT ANALYSIS 54

CHART 29 FLINT GROUP: OVERVIEW SNAPSHOT 56

CHART 30 FLINT GROUP: SWOT ANALYSIS 59

CHART 31 GLOBAL THERMOCHROMIC PIGMENT MARKET VALUE, BY APPLICATION, 2019−2025 ($MILLION) 61

CHART 32 GLOBAL THERMOCHROMIC PIGMENT MARKET VALUE IN PAINT & COATING APPLICATION, BY GEOGRAPHY, 2019−2025 ($MILLION) 62

CHART 33 GLOBAL THERMOCHROMIC PIGMENT MARKET VALUE IN THERMOCHROMIC INK PRINTING APPLICATION, BY GEOGRAPHY, 2019−2025 ($MILLION) 64

CHART 34 GLOBAL THERMOCHROMIC PIGMENT MARKET VALUE IN PLASTIC APPLICATION, BY GEOGRAPHY, 2019−2025 ($MILLION) 65

CHART 35 SHERWIN-WILLIAMS CO: OVERVIEW SNAPSHOT 67

CHART 36 SHERWIN-WILLIAMS CO: BUSINESS UNITS (2012 2013) 68

CHART 37 SHERWIN-WILLIAMS CO: GEOGRAPHIC REVENUE 68

CHART 38 SHERWIN-WILLIAMS CO: SWOT ANALYSIS 71

CHART 39 NANOMATRIX INTERNATIONAL: OVERVIEW 73

CHART 40 NANOMATRIX INTERNATIONAL: SWOT ANALYSIS 76

CHART 41 3M: OVERVIEW SNAPSHOT 78

CHART 42 3M: BUSINESS ACTIVITIES 79

CHART 43 3M: GEOGRAPHIC REVENUE 80

CHART 44 3M: SWOT ANALYSIS 81

CHART 45 HAMMER PACKAGING: OVERVIEW SNAPSHOT 84

CHART 46 HAMMER PACKAGING: SWOT ANALYSIS 86

CHART 47 QUAD/GRAPHICS: OVERVIEW SNAPSHOT 88

CHART 48 QUAD/GRAPHICS: BUSINESS UNITS 89

CHART 49 QUAD/GRAPHICS: GEOGRAPHIC REVENUE 89

CHART 50 GENERAL ELECTRIC COMPANY: SWOT ANALYSIS 91

CHART 51 GLOBAL THERMOCHROMIC PIGMENT MARKET VALUE, BY GEOGRAPHY, 2019−2025 ($MILLION) 94

CHART 52 ASIA PACIFIC THERMOCHROMIC PIGMENT MARKET VALUE, BY COUNTRY, 2019−2025 ($MILLION) 96

CHART 53 ASIA PACIFIC THERMOCHROMIC PIGMENT MARKET VALUE, BY APPLICATION, 2019−2025 ($MILLION) 97

CHART 54 ASIA PACIFIC THERMOCHROMIC PIGMENT MARKET VALUE, BY TYPE, 2019−2025 ($MILLION) 99

CHART 55 EUROPE THERMOCHROMIC PIGMENT MARKET VALUE, BY COUNTRY, 2019−2025 ($MILLION) 100

CHART 56 EUROPE THERMOCHROMIC PIGMENT MARKET VALUE, BY APPLICATION, 2019−2025 ($MILLION) 102

CHART 57 EUROPE THERMOCHROMIC PIGMENT MARKET VALUE, BY TYPE, 2019−2025 ($MILLION) 103

CHART 58 NORTH AMERICA THERMOCHROMIC PIGMENT MARKET VALUE, BY COUNTRY, 2019−2025 ($MILLION) 105

CHART 59 NORTH AMERICA THERMOCHROMIC PIGMENT MARKET VALUE, BY APPLICATION, 2019−2025 ($MILLION) 106

CHART 60 NORTH AMERICA THERMOCHROMIC PIGMENT MARKET VALUE, BY TYPE, 2019−2025 ($MILLION) 107

CHART 61 REST OF THE WORLD THERMOCHROMIC PIGMENT MARKET VALUE, BY GEOGRAPHY, 2019−2025 ($MILLION) 109

CHART 62 REST OF THE WORLD THERMOCHROMIC PIGMENT MARKET VALUE, BY APPLICATION, 2019−2025 ($MILLION) 111

CHART 63 REST OF THE WORLD THERMOCHROMIC PIGMENT MARKET VALUE, BY TYPE, 2019−2025 ($MILLION) 112

CHART 64 CLARIANT.: OVERVIEW 114

CHART 65 COMPETITIVE LANDSCAPE: GEOGRAPHIC EXPOSURE 116

CHART 66 MARKET LANDSCAPE: MARKET ACTIVITIES 116

Research Methodology
The research study released with title "Thermochromic Pigment Market – Drivers, Opportunities, Trends & Forecasts up to 2025" involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Key Executives Interviewed

Thermochromic Pigment Market

Research Programs/Design
Historical Data (2017-2022E)
  • Industry Trends
  • Competition Analysis & Landscape
  • By Company
  • Product Launches
  • Joint Venture & Partnerships
  • Merger & Acquisitions
  • Market Segment
  • by Type
  • by Application / End Users
  • By Regions/ Geography
  • Value in Dollar Term
  • Segment Revenue for Major & Emerging Players
  • Market Share
  • % Growth Rate
  • Current Scenario Analysis
  • Sales Volume by Key Players
  • % Market Share & Position
  • % Growth Rate
Market Factor Analysis
  • Market Environment
  • Government Policy & Regulatory Factors
  • Technological Changes
  • Market Risks & Challenges
  • Market Drivers
  • Market Maturity Indicators
  • Impact of Cost Variance
  • Growth Determinants
Market Forecast (2023F-2028F)
  • Overall Size (Value & Volume*)
  • by Type
  • by Application
  • By Region / Country
  • Key Data (Value & Volume*)
  • %Market Share
  • %Growth Rate
  • CAGR (2023-2028)

Market Size Estimation

Top-down and bottom-up approaches are used to validate and estimate the global/regional market size by manufacturers, regional splits, product segments and application.

To establish Research coverage of the study with most relevant & functional players HTF MI follows industry standards such as NAICS/SIC/ICB/TRCB, furthermore the sorted list of companies is validated using Product Mapping and business activities and shortlisted by industry perspective.

HTF MI select experienced analyst and associate that are specialized in the domain for conducting research. They prepare a list of companies by region that helps to understand players penetration rate in the market. This companies are further analyses in what segment or application they serve in our market. The list of product and applications are evaluated for each companies dealing in the Thermochromic Pigment Market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand company’s positioning regarding market value, volume and their market share for regional as well as global. Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Online) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc from Thermochromic Pigment Market who then work towards appointment generation.

Primary Data Collection

The primary research is performed by taking the interviews of executives of various companies dealing in the Thermochromic Pigment Market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and relevant list of appointee or target primary respondents; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & In Mail, Community Forums, Open Survey, SurveyMonkey etc.

Secondary Sources

The secondary resources considered in the Thermochromic Pigment Market study includes company annual reports, press releases, published articles of organizations and associations, and the survey taken through different mediums such as online website and forums, survey monkey, LinkedIn, etc. In addition, the valuable strategic information obtained from industry association, paid database, and investor presentations are also good tool for information to make appropriate iterative validation are used to modify market models and cross-verify primary research and insights.

Market Breakdown and Data Triangulation

To make market engineering data complete; extensive primary research is conducted to gather information and validate the critical numbers derived to be used for calculations of market statistics; market size estimations; forecasting; breakdown; and data triangulation. Both top-down and bottom-up approaches were applied, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report. Furthermore qualitative and further quantitative analysis is also done for all the numbers arrived at in the market estimation process to list relevant information in the final deliverable report "Thermochromic Pigment Market – Drivers, Opportunities, Trends & Forecasts up to 2025" .

Market Size
  • Segmental value
  • Geographic Penetration
  • Product Adoption Rate for Different market
  • Research Journals
  • Company Websites
  • White Papers
  • Annual Reports and SEC Filings
  • Company Websites and Press Releases
  • Public and Paid Databases
  • HTF MI Data Repository
Market Position of Top Company
  • Product Financials
  • Geographic value Mix
  • Total Company value
  • Business/Segment value
Qualitative Analysis
  • Influencing Trends
  • Market Potential
  • Market Risks and Opportunities
  • Growth Drivers and Constraints
  • Geographical Footprints
  • Government Policies
  • Company Websites and Press Releases
  • Survey Reports and Paid Databases
  • Annual Reports
  • Industry Associations
  • HTF MI Database

Key Information from Primary Sources

Primary Sources Parameters Key Data
Market Segments
  • Market Forecast (Value & Volume*) by Application, Type & Region / Country
  • History and Forecast
  • Market Size (Value & Volume) by Application
  • Market Size by Regions, Status & Forecast
  • Market Share & Growth Rate by Type & Application
  • Value by Key Business Segments
  • % Growth Rate by Segments
  • Growth Rate and Market Share by Regions
  • Market Size Status & Forecast
Total Market
  • Overall Size, Status & Forecast
  • Market Size Status & Forecast
Format Properties
1-User Access The report is sent in PDF format. The report will be emailed to you. This is a single user access license, allowing one specific user to access the report.
Site User The study would be provided in PDF format. The report will be emailed to you. This is a site license, allowing 1-10 employees within your organisation to access the report.
Enterprise User The format of deliverable would be PDF and Excel. This is an enterprise or corporate license, allowing all employees within your organisation irrespective of geographic location to access the report.

Frequently Asked Questions (FAQ):

Research paper of Thermochromic Pigment market shows that companies are making better progress than their supply chain peers –including suppliers.
Thermochromic Pigment market share surpassed USD xx million in 2020 and will expand at a CAGR of yy% between 2021 and 2027.
The study provides Thermochromic Pigment market share analysis by players along with chapters such HHI Index, CR4 and CR8 to define concentration rate and competitive nature of Thermochromic Pigment market.
The Thermochromic Pigment market is expected to record a substantial market valuation.