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Report Title

Thermochromic Paints & Coatings Market - Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023

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Thermochromic Paints & Coatings Market - Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023


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Thermochromic Paints & Coatings Market - Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023

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Thermochromic Paints & Coatings Market - Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023



Executive Summary

Thermochromic Paints & Coatings Market-Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023

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, are 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.

Research Methodology

The thermochromic paints & coatings market has been analyzed by utilizing the optimum combination of secondary sources and in-house methodology along with an irreplaceable blend of primary insights. The real-time assessment of the market is an integral part of our market sizing and forecasting methodology. Our industry experts and panel of primary participants helped in compiling relevant aspects with realistic parametric estimations for a comprehensive study. The participation share of different categories of primary participants is given below:

Key Market Insights

Thermochromic paints & coatings have created a niche market in various applications. Thermochromic paints & coatings can be used for many different reasons, including safety indicators on thermally sensitive systems or indication of the thermal history. The demand for thermochromic paints & coatings is surging in the food industry. Two main types of thermochromic paints & coatings are available in the market, i.e., reversible-based and irreversible-based.

The extensive use of these products in decorative and food sectors has given a massive boost to the thermochromic paints & coatings market in recent years. The rapid growth in economies across the globe and the increasing per capita income among consumers in developing countries are increasing the demand for decorations. This, in turn, is increasing the demand for thermochromic paints & coatings in infrastructure. The infrastructure sector is presently leading the market and is expected to remain the same during the forecast period. Emerging economies such as China, India, and Brazil are looking forward to take advantage of the benefits of thermochromic paints & coatings. Further, the industrial and FMCG packaging market growth is expected to foster the thermochromic paints & coatings market.

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. Few of the prominent companies operating in the thermochromic paints & coatings market are Sherwin Williams, AkzoNobel N.V., RPM International, Axalta Coating Systems Ltd., and Arkema.

Types:

o Reversible

o Irreversible

End-users:

o Decorative

o Food

o Industrial

o Others

Geography:

o Asia Pacific

o North America

o Europe

o Rest of the World

Table of Contents

1 Report Outline 14

1.1 Introduction 14

1.2 Report Scope 14

1.3 Market Definition 15

1.4 Research Methodology 15

1.4.1 Data Collation & In-house Estimation 15

1.4.2 Market Triangulation 16

1.4.3 Forecasting 17

1.5 Study Declarations 18

1.6 Report Assumptions 18

1.7 Stakeholders 18

2 Executive Summary 19

2.1 Asia Pacific Perceiving Highest Growth Rate 19

2.2 Decorative Segment Will Experience an Acceleration 20

3 Market Positioning 21

3.1 Total Addressable Market: Sealant Market 21

3.1.1 Market Overview 21

3.1.2 Major Trends 22

3.2 Segmented Addressable Market 22

3.3 Related Markets 22

4 Market Outlook 24

4.1 Overview 24

4.2 Value Chain Analysis 25

4.3 PESTLE Analysis 25

4.4 Porter 5 (Five) Forces 27

4.5 Patent Analysis 28

5 Market Characteristics 30

5.1 Market Segmentation 30

5.2 Market Dynamics 31

5.2.1 Drivers 31

5.2.1.1 Increasing demand in FMCG packaging 31

5.2.1.2 Increasing affordability of thermochromic products 32

5.2.2 Restraints 32

5.2.2.1 Raw material price fluctuations 32

5.2.2.2 Low awareness of thermochromic paints & coatings in emerging economies 32

5.2.3 Opportunities 32

5.2.3.1 Technological development in the products 32

5.2.3.2 Large untapped market in developing and underdeveloped countries 33

5.2.4 DRO-Impact Analysis 33

6 By Type: Market Size and Analysis 34

6.1 Overview 34

6.2 Reversible Thermochromic Paints & Coatings 36

6.3 Irreversible Thermochromic Paints & Coatings 38

6.4 Vendor Profiles 40

6.4.1 Sherwin-Williams Co. 40

6.4.2 Akzo Nobel N.V. 46

6.4.3 RPM INTERNATIONAL 51

6.4.4 Axalta Coating Systems Ltd. 58

6.4.5 Arkema 63

(Overview, business units, geographic revenues, product profile, recent developments, business focus, SWOT analysis and business strategies have been covered for all the vendors)

7 Application: Market Size and Analysis 69

7.1 Overview 69

7.2 Decorative 71

7.3 Food 72

7.4 Industrial 74

7.5 Customer Profiles 76

7.5.1 Hammer packaging 76

7.5.2 3M 80

7.5.3 VINCI 84

7.5.4 Bechtel Corporation 88

7.5.5 General Electric (GE) 90

(Overview, business units, geographic revenues, product profile, recent developments, business focus, SWOT analysis and business strategies have been covered for all the customers)

8 Regions: Market Size and Analysis 97

8.1 Overview 97

8.2 Asia Pacific 99

8.3 North America 104

8.4 Europe 109

8.5 Rest of the World 114

(Segmental coverage of by geography, by types, and by end-user have been covered for each region)

9 Companies to watch for 119

9.1 3M company 119

9.1.1 Overview 119

9.2 Clariant 119

9.2.1.1 Business units 119

9.2.2 Creation of New product for Thermochromic Pigment 120

10 Competitive Landscape 121

10.1 Competitor Comparison Analysis 121

10.2 Market Landscape 122

10.2.1 Mergers, Acquisitions, & Joint Ventures 122

10.2.2 Awards & Recognizing 123

10.2.3 Exhibition & Product Launch 124

10.2.4 Expansion 125

10.2.5 Others 125

11 Expert's Views 126

12 Annexure 127

Abbreviations 127

To know more information on Purchase by Section, please send a mail to sales@kenresearch.com

Charts

CHART 1 RESEARCH METHODOLOGY OF GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET: DATA COLLATION 14

CHART 2 RESEARCH METHODOLOGY OF GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET: TRIANGULATION 15

CHART 3 RESEARCH METHODOLOGY OF GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET: FORECASTING 16

CHART 4 GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET: REGIONAL ANALYSIS (2017 & 2023) 18

CHART 5 GLOBAL THERMOCHROMIC PAINTS & COATINGS APPLICATION MARKET 2017 & 2023 19

CHART 6 TOTAL ADDRESSABLE MARKET (TAM): THERMOCHROMIC PIGMENT 20

CHART 7 VALUE CHAIN: THERMOCHROMIC PAINTS & COATINGS MARKET 24

CHART 8 PESTLE ANALYSIS: THERMOCHROMIC PAINTS & COATINGS MARKET 24

CHART 9 PORTER 5 FORCES ANALYSIS: THERMOCHROMIC PAINTS & COATINGS MARKET 26

CHART 10 THERMOCHROMIC PAINTS & COATINGS: PATENT ANALYSIS (2012-2017*) 27

CHART 11 THERMOCHROMIC PAINTS & COATINGS: PATENT ANALYSIS, BY REGION (2012-2017) 27

CHART 12 MARKET SEGMENTATION: THERMOCHROMIC PAINTS & COATINGS 29

CHART 13 MARKET DYNAMICS-DRIVERS, RESTRAINTS, AND OPPORTUNITIES 30

CHART 14 DRO-IMPACT ANALYSIS: THERMOCHROMIC PAINTS & COATINGS MARKET 32

CHART 15 GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET REVENUE BY TYPE, 2016-2023 (USD MILLION) 33

CHART 16 GLOBAL REVERSIBLE THERMOCHROMIC PAINTS & COATINGS MARKET REVENUE, BY GEOGRAPHY, 2016-2023 (USD MILLION) 35

CHART 17 GLOBAL IRREVERSIBLE THERMOCHROMIC PAINTS & COATINGS MARKET REVENUE BY TYPE, 2016-2023 (USD MILLION) 37

CHART 18 SHERWIN-WILLIAMS CO.: OVERVIEW SNAPSHOT 39

CHART 19 SHERWIN-WILLIAMS CO.: BUSINESS UNITS 40

CHART 20 SHERWIN-WILLIAMS CO.: SWOT ANALYSIS 42

CHART 21 AKZO NOBEL N.V.: OVERVIEW SNAPSHOT 45

CHART 22 AKZO NOBEL N.V.: BUSINESS UNITS 46

CHART 23 AKZO NOBEL N.V.: GEOGRAPHIC REVENUE 46

CHART 24 AKZO NOBEL N.V.: SWOT ANALYSIS 48

CHART 25 RPM INTERNATIONAL: OVERVIEW SNAPSHOT 50

CHART 26 RPM INTERNATIONAL: BUSINESS UNITS 51

CHART 27 RPM INTERNATIONAL: GEOGRAPHIC REVENUE 52

CHART 28 RPM INTERNATIONAL: SWOT ANALYSIS 54

CHART 29 AXALTA COATING SYSTEMS: OVERVIEW SNAPSHOT 57

CHART 30 AXALTA COATING SYSTEMS: BUSINESS UNITS 58

CHART 31 AXALTA COATING SYSTEMS: GEOGRAPHIC REVENUE 58

CHART 32 AXALTA COATING SYSTEMS: SWOT ANALYSIS 60

CHART 33 ARKEMA: OVERVIEW SNAPSHOT 62

CHART 34 ARKEMA: BUSINESS UNITS 62

CHART 35 ARKEMA: GEOGRAPHIC REVENUE 63

CHART 36 ARKEMA: SWOT ANALYSIS 66

CHART 37 GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET REVENUE BY APPLICATION, 2016-2023 (USD MILLION) 68

CHART 38 GLOBAL THERMOCHROMIC PAINTS & COATINGS IN DECORATIVE MARKET REVENUE BY APPLICATION, 2016-2023 (USD MILLION) 70

CHART 39 GLOBAL THERMOCHROMIC PAINTS & COATINGS IN FOOD MARKET REVENUE BY APPLICATION, 2016-2023 (USD MILLION) 71

CHART 40 GLOBAL THERMOCHROMIC PAINTS & COATINGS IN ELECTRONIC EQUIPMENT MARKET REVENUE, BY GEOGRAPHY, 2016-2023 (USD MILLION) 73

CHART 41 HAMMER PACKAGING: OVERVIEW SNAPSHOT 75

CHART 42 HAMMER PACKAGING: SWOT ANALYSIS 77

CHART 43 3M: OVERVIEW SNAPSHOT 79

CHART 44 3M: BUSINESS UNITS 79

CHART 45 3M: GEOGRAPHIC REVENUE 80

CHART 46 3M: SWOT ANALYSIS 82

CHART 47 VINCI: OVERVIEW SNAPSHOT 83

CHART 48 VINCI: BUSINESS UNITS 84

CHART 49 VINCI: GEOGRAPHIC REVENUE 85

CHART 50 VINCI: SWOT ANALYSIS 86

CHART 51 BETCHEL CORPORATION: OVERVIEW SNAPSHOT 87

CHART 52 BETCHEL CORPORATION: SWOT ANALYSIS 88

CHART 53 GENERAL ELECTRIC (GE): OVERVIEW SNAPSHOT 89

CHART 54 GENERAL ELECTRIC (GE): BUSINESS UNITS 90

CHART 55 GENERAL ELECTRIC (GE): GEOGRAPHIC REVENUE 92

CHART 56 GENERAL ELECTRIC (GE): SWOT ANALYSIS 94

CHART 57 GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY GEOGRAPHY, 2016?2023 (USD MILLION) 96

CHART 58 ASIA PACIFIC THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY COUNTRY, 2016?2023 (USD MILLION) 98

CHART 59 ASIA PACIFIC THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2016?2023 (USD MILLION) 99

CHART 60 ASIA PACIFIC THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY APPLICATION, 2016?2023 (USD MILLION) 101

CHART 61 NORTH AMERICA THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY COUNTRY, 2016?2023 (USD MILLION) 103

CHART 62 NORTH AMERICA THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2016?2023 (USD MILLION) 104

CHART 63 NORTH AMERICA THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END USER, 2016?2023 (USD MILLION) 106

CHART 64 EUROPE THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY COUNTRY, 2016?2023 (USD MILLION) 108

CHART 65 EUROPE THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2016?2023 (USD MILLION) 109

CHART 66 EUROPE THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY END USER, 2016?2023 (USD MILLION) 111

CHART 67 REST OF THE WORLD THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY GEOGRAPHY, 2016?2023 (USD MILLION) 113

CHART 68 REST OF THE WORLD THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2016?2023 (USD MILLION) 114

CHART 69 REST OF THE WORLD THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY APPLICATION, 2016?2023 (USD MILLION) 116

CHART 70 3M: BUSINESS UNITS 119

CHART 71 COMPETITIVE LANDSCAPE: GEOGRAPHIC EXPOSURE 120

CHART 72 MARKET LANDSCAPE: MARKET ACTIVITIES 121

Disclaimer

Infoholic Research strategic analysis services are limited publications containing valuable market information provided to a select group of customers in response to orders. Our customers acknowledge when ordering that Infoholic Research strategic analysis services are for our customers' internal use and not for general publication or disclosure to third parties. Quantitative market information is based primarily on interviews and therefore, is subject to fluctuation.

No part of this strategic analysis service may be given, lent, resold or disclosed to non-customers without written permission.

Reproduction and/or transmission in any form and by any means including photocopying, mechanical, electronic, recording or otherwise, without the permission of the publisher is prohibited.

For information regarding permission, contact:

Tel: US: +1-661-210-1186; IND: +91 78129 39933

Email: sales@infoholicresearch.com

Tables

TABLE 1 GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET REVENUE BY TYPE, 2016-2023 (USD MILLION) 34

TABLE 2 GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME BY TYPE, 2016-2023 (TONS) 35

TABLE 3 GLOBAL REVERSIBLE THERMOCHROMIC PAINTS & COATINGS MARKET REVENUE, BY GEOGRAPHY, 2016-2023 (USD MILLION) 36

TABLE 4 GLOBAL ACRYLIC THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY GEOGRAPHY, 2016-2023 (TONS) 37

TABLE 5 GLOBAL IRREVERSIBLE THERMOCHROMIC PAINTS & COATINGS MARKET REVENUE, BY GEOGRAPHY, 2016-2023 (USD MILLION) 38

TABLE 6 GLOBAL IRREVERSIBLE THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY GEOGRAPHY, 2016-2023 (TONS) 39

TABLE 7 SHERWIN-WILLIAMS CO.: PRODUCT PROFILE 42

TABLE 8 SHERWIN-WILLIAMS CO.: RECENT DEVELOPMENTS 43

TABLE 9 AKZO NOBEL N.V.: PRODUCT PROFILE 48

TABLE 10 AKZO NOBEL N.V.: RECENT DEVELOPMENTS 48

TABLE 11 RPM INTERNATIONAL: PRODUCT PROFILE 54

TABLE 12 RPM INTERNATIONAL: RECENT DEVELOPMENTS 55

TABLE 13 AXALTA COATING SYSTEMS: PRODUCT PROFILE 60

TABLE 14 AXALTA COATING SYSTEMS: RECENT DEVELOPMENTS 60

TABLE 15 ARKEMA: PRODUCT PROFILE 66

TABLE 16 ARKEMA: RECENT DEVELOPMENTS 66

TABLE 17 GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET REVENUE BY APPLICATION, 2016-2023 (USD MILLION) 69

TABLE 18 GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME BY APPLICATION, 2016-2023 (TONS) 70

TABLE 19 GLOBAL THERMOCHROMIC PAINTS & COATINGS IN DECORATIVE MARKET REVENUE, BY GEOGRAPHY, 2016-2023 (USD MILLION) 71

TABLE 20 GLOBAL THERMOCHROMIC PAINTS & COATINGS IN DECORATIVE MARKET VOLUME, BY GEOGRAPHY, 2016-2023 (TONS) 72

TABLE 21 GLOBAL THERMOCHROMIC PAINTS & COATINGS IN FOOD MARKET REVENUE, BY GEOGRAPHY, 2016-2023 (USD MILLION) 72

TABLE 22 GLOBAL THERMOCHROMIC PAINTS & COATINGS IN FOOD MARKET VOLUME, BY GEOGRAPHY, 2016-2023 (TONS) 73

TABLE 23 GLOBAL THERMOCHROMIC PAINTS & COATINGS IN INDUSTRIAL MARKET REVENUE, BY GEOGRAPHY, 2016-2023 (USD MILLION) 74

TABLE 24 GLOBAL THERMOCHROMIC PAINTS & COATINGS IN INDUSTRIAL MARKET VOLUME, BY GEOGRAPHY, 2016-2023 (TONS) 75

TABLE 25 HAMMER PACKAGING: PRODUCT PROFILE 77

TABLE 26 HAMMER PACKAGING: RECENT DEVELOPMENTS 77

TABLE 27 3M: RECENT DEVELOPMENTS 82

TABLE 28 BETCHEL CORPORATION: PRODUCT PROFILE 89

TABLE 29 GENERAL ELECTRIC: BUSINESS ACTIVITIES 94

TABLE 30 GE: RECENT DEVELOPMENTS 95

TABLE 31 GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY GEOGRAPHY, 2016?2023 (USD MILLION) 97

TABLE 32 GLOBAL THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY GEOGRAPHY, 2016?2023 (TONS) 98

TABLE 33 ASIA PACIFIC THERMOCHROMIC PAINTS & COATINGS VALUE, BY COUNTRY, 2016?2023 (USD MILLION) 99

TABLE 34 ASIA PACIFIC THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY COUNTRY, 2015?2022 (TONS) 100

TABLE 35 ASIA PACIFIC THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2016?2023 (USD MILLION) 101

TABLE 36 ASIA PACIFIC THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY TYPE, 2016?2023 (TONS) 101

TABLE 37 ASIA PACIFIC THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY APPLICATION, 2016?2023 (USD MILLION) 102

TABLE 38 ASIA PACIFIC THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY APPLICATION, 2016?2023 (TONS) 103

TABLE 39 NORTH AMERICA THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY COUNTRY, 2016?2023 (USD MILLION) 104

TABLE 40 NORTH AMERICA THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY COUNTRY, 2016?2023 (TONS) 105

TABLE 41 NORTH AMERICA THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2016?2023 (USD MILLION) 106

TABLE 42 NORTH AMERICA THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY TYPE, 2016?2023 (TONS) 106

TABLE 43 NORTH AMERICA THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY APPLICATION, 2016?2023 (USD MILLION) 107

TABLE 44 NORTH AMERICA THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY APPLICATION, 2016?2023 (TONS) 107

TABLE 45 EUROPE THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY COUNTRY, 2016?2023 (USD MILLION) 109

TABLE 46 EUROPE THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY COUNTRY, 2015?2022 110

TABLE 47 EUROPE THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2016?2023 (USD MILLION) 111

TABLE 48 EUROPE THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY TYPE, 2016?2023 (TONS) 111

TABLE 49 EUROPE THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY APPLICATION, 2016?2023 (USD MILLION) 112

TABLE 50 EUROPE THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY END USER, 2016?2023 (TONS) 113

TABLE 51 REST OF THE WORLD THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY GEOGRAPHY, 2016?2023 (USD MILLION) 114

TABLE 52 REST OF THE WORLD THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY GEOGRAPHY, 2016?2023 (TONS) 115

TABLE 53 REST OF THE WORLD THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY TYPE, 2016?2023 (USD MILLION) 116

TABLE 54 REST OF THE WORLD THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY TYPE, 2016?2023 (TONS) 116

TABLE 55 REST OF THE WORLD THERMOCHROMIC PAINTS & COATINGS MARKET VALUE, BY APPLICATION, 2016?2023 (USD MILLION) 117

TABLE 56 REST OF THE WORLD THERMOCHROMIC PAINTS & COATINGS MARKET VOLUME, BY APPLICATION, 2016?2023 (TONS) 117

TABLE 57 CLARIANT: PRODUCT PROFILE 119

TABLE 58 MERGERS, ACQUISITIONS, & JOINT VENTURES 122

TABLE 59 AWARD & RECOGNIZING 123

TABLE 60 EXHIBITION & PRODUCT LAUNCH 124

TABLE 61 EXPANSION 125

TABLE 62 OTHERS 125

Sherwin Williams, AkzoNobel N.V., RPM International, Axalta Coating Systems Ltd., and Arkema.


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