iCrowd Newswire
14 Jan 2022, 09:33 GMT+10
The global thermochromic pigments industry was estimated at $428.3 million in 2019, and is anticipated to hit $595.0 million by 2027, registering a CAGR of 6.2% from 2020 to 2027.
Prime determinants of growth- Increase in preference for colored materials among consumers drives the growth of the global thermochromic pigments market. Moreover, use of printing inks containing metallic pigments has risen in the flexible packaging industry which, in turn, has supplemented the growth yet more. Simultaneously, the fact that these pigments provide excellent color strength and vibrant durable colors is expected to create lucrative opportunities for the key players in the industry.
Download Free PDF Sample Report (Including COVID-19 effect Analysis) @ https://www.alliedmarketresearch.com/request-sample/6901
COVID-19 impact-
The reversible segment to dominate by 2027- Based on type, the reversible segment contributed to more than three-fifths of the global thermochromic pigments market share in 2019, and is expected to rule the roost by the end of 2027, owing to their reversible color changing property. At the same time, the irreversible segment would register the fastest CAGR of 6.3% throughout the forecast period. This is due to the fact that irreversible thermochromic pigment has relatively lower cost in comparison to reversible thermochromic pigment.
Schedule a FREE Consultation Call with Our Analysts/Industry Experts to Find Solution for Your Business @ https://www.alliedmarketresearch.com/connect-to-analyst/6901
The printing ink segment to maintain the dominant share- Based on application, the printing ink segment accounted for more than one-fourth of the global thermochromic pigments market revenue in 2019, and is anticipated to lead the trail from 2020 to 2027. Rise in prevalence of innovative products and growing inclination toward colorful stuffs among the consumers are expected to foster the segment growth. Simultaneously, the plastic & polymer segment would manifest the fastest CAGR of 6.7% till 2027. Rise in polymer production activities across the globe is increasing the demand for thermochromic pigments which, in turn, augments the growth of the segment.
North America garnered the major share in 2019 –
Based on geography, North America garnered the largest share in 2019, holding more than one-third of the global thermochromic pigments market. The US has built an advantage of having a sizeable ink printing market, thus providing the maximum contribution in the global market. The region across Asia-Pacific, on the other hand, would portray the fastest CAGR of 6.5% by 2027, owing to growing industrialization and increasing per capita income of people across the province.
Key players in the industry-
Interested in Procuring this Report? Visit Here: https://www.alliedmarketresearch.com/purchase-enquiry/6901
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP, based in Portland, Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
AMR introduces its online premium subscription-based library Avenue, designed specifically to offer cost-effective, one-stop solution for enterprises, investors, and universities. With Avenue, subscribers can avail an entire repository of reports on more than 2,000 niche industries and more than 12,000 company profiles. Moreover, users can get an online access to quantitative and qualitative data in PDF and Excel formats along with analyst support, customization, and updated versions of reports.
Tags: Irreversible Thermochromic Pigments, Reversible Thermochromic Pigments, Printing Ink, Textile, Thermochromic Pigments
See Campaign: https://www.alliedmarketresearch.com/thermochromic-pigments-market-A06536Contact Information:David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: 1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1-855-550-5975
Web: https://www.alliedmarketresearch.comTags:Research Newswire, English
Get a daily dose of International Technology news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to International Technology.
More InformationNew Delhi [India], June 19 (ANI): India and Croatia signed four Memorandum of Understanding (MOUs), which includes MoU on Agricultural...
New Delhi [India], June 19 (ANI): Aam Aadmi Party (AAP) on Thursday said 'red-tapism is back', 'corruption is thriving' and Delhi's...
New Delhi [India], June 19 (ANI): Before Kho Kho came into Monika's life, her story was already being written by others. Growing up...
by Xinhua writers Cao Pengyuan and Yang Qi BEIJING, June 19 (Xinhua) -- With its ads displayed on digital billboards in cities such...
Officials from Pretoria have met with Prime Minister Mikhail Mishustin and discussed strengthening bilateral ties South African Vice...
BEIJING, June 19 (Xinhua) -- Over the waters off east China's Shandong Province, a rocket blasts upward, streaking a brilliant trail...
MENLO PARK, California: Meta Platforms has made a bold move to accelerate its artificial intelligence ambitions—by investing US$14.3...
MOUNTAIN VIEW, California: On June 12, Google announced that it had fixed a temporary global service disruption that impacted several...
In Nepal's latest attempt to silence online speech, police are trying to arrest a well-known journalist who published on his YouTube...
New Delhi [India], June 19 (ANI): Bollywood actress Karisma Kapoor attended the last rites of her ex-husband Sunjay Kapur in Delhi...
Defense Minister Israel Katz says that Ali Khamenei can no longer be allowed to exist Israeli Defense Minister Israel Katz said on...
by Xinhua writers Cao Pengyuan and Yang Qi BEIJING, June 19 (Xinhua) -- With its ads displayed on digital billboards in cities such...