Spain Brazil Russia France Germany China Korea Japan

Artificial Intelligence driven Marketing Communications

Sep 13, 2019 11:00 AM ET

Thermochromic Materials Market – Growing Demand in Smart Packaging Application and For Product Differentiation and Improved Appearance of Products

iCrowd Newswire - Sep 13, 2019

According to the new market research report Thermochromic Materials Market by Material (Leuco Dyes, Liquid Crystals, Pigments), End-use industry (Packaging, Printing & Coating, Medical, Textile), Region (Europe, North America, APAC, South America, Middle East & Africa) – Global Forecast to 2024″, MarketsandMarkets: The thermochromic materials market is projected to grow from USD 1.3 billion in 2019 to USD 2.1 billion by 2024, at a CAGR of 9.5%.

Don’t miss out on business opportunities in Thermochromic Materials Market

Speak to our analyst and gain crucial industry insights that will help your business grow:

The market size of thermochromic materials is estimated to be USD 1.3 billion in 2019 and is projected to reach USD 2.1 billion by 2024, at a CAGR of 9.5%. Thermochromic materials have found most of their applications in food & beverage packaging, as smart packaging provide consumers with the information about the current temperature of the product and ascertain the quality of frozen meat and dairy products, globally.

The use of thermochromic materials in smart packaging applications is increasing rapidly with growing demand for thermal indicators and color changing interactive packaging. Thermochromic materials absorb heat to change their chemical or physical structure and emit different wavelengths of light, exhibiting varied colors. This results in a color changing phenomenon of these materials. Liquid crystal-based materials exhibit a change in color with temperature because of change in crystal structure with temperature, whereas leuco dyes-based materials change molecular structure with temperature. Both liquid crystals and leuco dyes are microencapsulated and used in a wide range of applications, including paints, fabric, plastics, and inks. Thus, the increasing demand for thermochromic materials in niche applications is providing excellent growth opportunities for manufacturers.

Browse and in-depth TOC on “Thermochromic Materials Market – Global Forecast to 2024”

68 – Tables
29 – Figures
112 – Pages

View more detailed TOC @

The market size of thermochromic materials is estimated at USD 1.3 billion in 2019 and projected to reach USD 2.1 billion by 2024, at a CAGR of 9.5%. The global thermochromic materials market is driven by the growing demand for smart packaging applications. Increased demand for product differentiation and growing awareness about improved appearance of products are boosting the market.

Thermochromic materials reversibly change their color by temperature variation. Color transition is due to a modification in crystalline phase and structure. Thermochromic materials are widely used as temperature indicators in several end-use industries, to determine the temperature variation and reaction heat.  Rising applications of these materials in ink, paints, and coatings applications is the major driving force for the market.

The key players in the thermochromic materials market include OliKrom (France), LCR Hallcrest (US), Chromatic Technologies (CTI) (US), Matsui International Company (US), New Prisematic Enterprise (Taiwan), Smarol Industry (China), GEMINNOV (France), Hali Industrial (China), Kolorjet (India), and Kolortek (China). The thermochromic materials market report analyzes the key growth strategies adopted by the leading market players between 2013 and 2019, which include expansion, new product launch, and merger & acquisition.

Download PDF Brochure @

Chromatic Technologies (US) is the world-wide leader in the manufacturing of thermochromic inks and smart materials. It is engaged in the production of temperature inks, sunlight inks, reveal inks, glow-in-the-dark inks, security inks, trigger inks, color-changing plastics, cold-chain alerts indicator, high-pressure pasteurization (HPP) indicators, and others. CTI is an innovation company that provides solutions to the world’s major brands and package printers. It focuses on aggressive R&D program that successfully allows CTI to provide custom innovation incubators for major brands worldwide.  

LCR Hallcrest (US) is engaged in designing, developing, and manufacturing of temperature-sensitive and chemical reactive materials. It offers temperature labels, healthcare thermometers, permanent color change pigments & coatings, dishwasher disinfection labels, custom labels, color change pigments, cold chain integrity labels, food display temperature labels, and others. LCR Hallcrest also provides thermochromic materials through its subsidiaries, namely, TMC Hallcrest (UK), Thermographics (US), and Colourchange (UK). The company strives to develop solutions that help its customers gain a competitive advantage. LCR Hallcrest develops high-quality, innovative, and cost-effective solutions through customized material compositions and advanced manufacturing methods. The company is majorly focused on organic growth strategy to maintain its position as a leading manufacturer in the thermochromic materials market. It launched significant new products which helped the company in expanding its product offerings. For instance, in 2018, it launched Thermostrip WD, a self-adhering, waterproof, color-changing label that measures the surface temperature of medical instruments in washer disinfectors, bedpan washers, and any thermal disinfector. This launch helped the company in broadening its product offerings of thermochromic materials.

Browse Adjacent Markets @ Chemicals Market Research Reports & Consulting

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: [email protected]
Research Insight:
Visit Our Website:



Contact Information:

MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
Email: [email protected]

Keywords:    Thermochromic Materials Market, Thermochromic Material

Tags:    Extended Distribution, Wire, Research Newswire, English