The latest market report published by Credence Research, Inc. “Thermochromic Materials Market By Type (Reversible & Irreversible), Application (Food quality indicators, Papers, Pigments, Thermometers and Others) and Region (North America, Europe, Asia Pacific, Latin America and Middle East & Africa) – Growth, Future Prospects and Competitive Analysis, 2017 – 2025,” the global Thermochromic Materials Market Is Expected To Grow At A Cagr Of 9.1% Over The Forecast Period Of 2017 To 2025.
The purpose of the report is to illustrate the state of the market of Thermochromic Materials, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2017, and also, to build a forecast for the growth of the industry in the medium term until 2026.
Browse here for full report: https://www.credenceresearch.com/report/thermochromic-materials-market
The global market for thermochromic materials is witnessing growth mainly owing to rise in demand for innovative products with temperature-based, and abilities to change color for functional applications. Moreover, growing demand for thermochromic pigments in paints and coatings along with rise in demand for thermochromic materials in food quality indicators to determine the quality of dairy products and frozen meat is another factor propelling the market growth.
Reversible technology is preferred over the irreversible technology. But, attaining reversibility by maintaining the stability of the solution is a complicated process, thus hampered the growth of the market.
However, various R & D projects are undertaken by the manufacturers to develop stable reversible materials, which is likely to enhance demand for reversible materials from the various application industries.
At present the market is in a nascent stage. Most of the manufacturers are attempting to achieve full commercialization. The market is monopolistic in nature and characterized by the presence of few key players. Manufacturers are catering to their local markets. Moreover, entry barriers are high for the new entrants. Some of the players present in this market are Olikrom, Fraunhofer IAP, SFXC, H.W. Sands Corp., and Smarol Industry Co. Ltd. among others.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Thermochromic Materials buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Thermochromic Materials contains:
Analysis and forecast of Thermochromic Materials market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Thermochromic Materials market;
Assessment and forecast of Thermochromic Materials market development;
Financial and business profiles of the leading companies in the Thermochromic Materials industry.
– Up to date working Thermochromic Materials data by major regions in the world, the forecast of planned capacity additions by 2026
– The annual breakdown of capital expenditure spending on proposed Thermochromic Materials for the period 2018 to 2026
– Planned Thermochromic Materials additions and capital expenditure spending by key countries and companies across the world
– Planned capital expenditure spending on new Thermochromic Materials projects by region, key countries, and companies
– Details of major planned Thermochromic Materials projects in the world up to 2026
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