EINPresswire/ -- The rising consumer preference for colored materials and the adoption of metallic pigment-based printing inks in flexible packaging are fueling the growth of the global thermochromic materials market.

According to a report by Allied Market Research, the global thermochromic materials market was valued at $1.0 billion in 2020 and is projected to reach $1.3 billion by 2030, registering a CAGR of 3.4% (2021–2030). The report highlights key market dynamics, leading segments, investment opportunities, value chain analysis, regional insights, and competitive landscape.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐚𝐠𝐞𝐬 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰:

Market Drivers & Opportunities:

- Increasing demand for vibrant and durable colors presents new growth opportunities.
- Expanding applications of thermochromic inks in packaging, textiles, and coatings continue to strengthen the market outlook.

Segmental Insights

- End Use: The leuco dyes segment dominated in 2020, accounting for nearly two-fifths of the market, and is expected to maintain its lead. The others segment is forecast to grow at the fastest rate (CAGR of 4.0%).

- Type: Both reversible and irreversible thermochromic materials held equal market share in 2020. The irreversible segment is projected to retain dominance and grow at a CAGR of 3.4%.

- Region: Asia-Pacific led the market with nearly two-fifths of global revenue in 2020 and will likely continue its dominance. Both Europe and Asia-Pacific are expected to post the fastest growth (CAGR of 3.5%).

Key Market Players:

OliKrom (France), LCR Hallcrest (U.S.), Chromatic Technologies (CTI) (U.S.), Matsui International Company (U.S.), New Prisematic Enterprise (Taiwan), Smarol Industry (China), GEMINNOV (France), Hali Industrial (China), Kolorjet (India), and Kolortek (China).

𝐖𝐚𝐧𝐭 𝐭𝐨 𝐀𝐜𝐜𝐞𝐬𝐬 𝐭𝐡𝐞 𝐒𝐭𝐚𝐭𝐢𝐬𝐭𝐢𝐜𝐚𝐥 𝐃𝐚𝐭𝐚 𝐚𝐧𝐝 𝐆𝐫𝐚𝐩𝐡𝐬, 𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬' 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐞𝐬:

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research 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.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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