Global Temperature Sensitive Coating Market by Application (Food & Beverage, Household / Decorative, Healthcare / Pharmaceuticals, Industrial), by Product (Reversible, Irreversible) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Industry Insights

In 2015, the global temperature sensitive coating market was valued at USD 268.0 millions. Rising demand from household/decorative, pharmaceutical, and industrial sector is anticipated to drive the market growth over the next eight years.

Increasing R&D initiatives to develop temperature-sensitive paints for niche applications such as road traffic marking is expected to raise demand in near future. Thermometer labels include aquarium, nursery, and forehead thermometers. They are made from temperature sensitive coating. The market is expected to grow in the future due to increased consumer disposable income and expanding application opportunities in the household/decorative industry, especially in emerging economies like China, India, Vietnam, and Brazil.

Labels must be used in shipment if there are favorable government regulations, such as the IATA Temperature Control Regulations governing heat modification in pharmaceutical transport. Over the forecast period, product demand will rise due to the factor mentioned above.

Market growth is expected to be slowed by high product costs and a rising demand for accurate, temperature-sensitive products at affordable prices. The liquid crystals are used in temperature sensitive coatings such as forehead and room thermometers and food quality indicators. Although this technology can be used in many applications, the demand for them is low due to their highly specialized manufacturing methods.

In the near future, leuco dye demand is expected to rise in many applications, including manufacturing & control, consumer packaging and advertising. Security printing, product labels, and manufacturing & process controls are all examples of rising demand. Leuco dyes can be used in niche applications such as promotional items, plastics and mugs, toys, and textiles.

The demand for products that are irreversible and temperature sensitive in various applications, such as metalworking or annealing, welding, riveting, welding, and welding for quality purposes, is expected to rise in industrial applications.

Market growth is expected to be slowed by factors like high product costs and rising demand for accurate, temperature-sensitive products at affordable prices. The liquid crystals are used in temperature sensitive coatings such as forehead and room thermometers, food quality indicators, and forehead thermometers. Although this technology can be used in many applications, the demand for them is low due to their highly specialized manufacturing methods.

The industry is dominated primarily by regional and small players. They are based mainly in North America and Europe. This industry is still in its early stages of development. The product has yet to be fully commercialized. The majority of industry players are located in North America and Europe.

Product Insights

The largest product segment was the reversible temperature sensitive coating, which accounted for 68.6% global market share in 2015. The significant market share may be due to high demand from the applications industries, such as pharmaceuticals and decorative household. There are many technologies that can be used to make reversible products, including liquid crystal and leuco dye.

Because of its lower cost and wider application, Leuco dye technology has been preferred to liquid crystal. This includes quality control, process control, packaging and labeling. This technology can be used in areas with higher temperature differences, where accuracy is less important.

The liquid crystals have a high thermal sensitivity, and can be used in thermometers that measure temperatures as low as 0.2oF. These coatings are used primarily for monitoring and providing evidence of temperature.

Application Insights

The largest segment of household/decorative applications was in 2015. It is expected to grow at 6.8% CAGR from 2016 to 2024. This segment is expected to see significant growth due to the increasing use of decorative products like color changing toys and heat sensitive pencils. The market is expected to grow due to rising product demand from emerging countries like India, China, Vietnam, and other Asian nations.

The healthcare sector is forecast to experience high product demand over the forecast period. It is expected that there will be a significant increase in demand for products in the near future due to favorable government regulations regarding the handling and transport of pharmaceutical products. IATA Temperature Control Regulations, for example, addresses temperature management concerns in the pharmaceutical industry. These regulations make it mandatory to use product labels in pharmaceutical shipments.

The fastest-growing application segment is expected to be industrial, with an estimated CAGR 7.0% between 2016 and 2024. The market is expected to grow due to rising product demand for a wide range of industrial applications, including crack detection, colouration of papers and brand protection. Over the next eight year, market penetration will be boosted by innovations in the automotive sector such as color-changing cars from Lamborghini.

The fastest-growing application segment is expected to be industrial, with an estimated CAGR 7.0% between 2016 and 2024. The market is expected to grow due to rising product demand for a wide range of industrial applications, including crack detection, colouration of papers and brand protection. Over the next eight year, market penetration will be boosted by innovations in the automotive sector such as color-changing cars from Lamborghini.

Regional Insights

Europe was the dominant market for temperature sensitive coatings in 2015, accounting for more than 35% of global demand. This trend is expected to continue during the forecast period. The current market share is likely due to high consumer disposable income and the need to decorate households.

North America will experience stagnant growth with a CAGR 6.6% between 2016 and 2024. The healthcare sector is tightly regulated in North America. Over the forecast period, the region will see a rise in demand for temperature sensitive labels due to the growing pharmaceutical industry.

Asia Pacific will see the most growth during the forecast period due to the rising demand for products in the industrial, pharmaceutical, and household sectors, especially in emerging economies like India, China, Indonesia, Vietnam and Vietnam. The market will be driven by technological innovation and rising demand for temperature sensitive products.

Insights from the Temperature Sensitive Coatings Market

LCR Hallcrest, CAPCO, LA-CO Industries, B&H Colour Change, TIP Temperature Products, B&H Colour Change, LCR Hallcrest, CAPCO, LA-CO Industries, B&H Colour Change, TIP Temperature Products, SFXC, LakfbriekKorthals BV, Good Life Innovations, Ltd. are the key players in the global market. However, there are few companies currently operating in this market. The growing product's application range will make it difficult for many new players to emerge. Players will gain a competitive advantage due to their pricing because product prices are high.

Up Market Research published a new report titled “Temperature Sensitive Coating Market research report which is segmented by Application (Food & Beverage, Household / Decorative, Healthcare / Pharmaceuticals, Industrial), by Product (Reversible, Irreversible), By Players/Companies players are expected to gain competitive advantage based on their pricing, CAPCO, LakfbriekKorthals BV and Good Life Innovations, SFXC, B&H Colour Change, LCR Hallcrest, TIP Temperature Products, few companies are operating in the market, new players are anticipated to emerge in future on account of growing application scope of the product As the product prices are high, LtdCurrently, LA-CO Industries”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Temperature Sensitive Coating Market Report Segments:

The market is segmented by Application (Food & Beverage, Household / Decorative, Healthcare / Pharmaceuticals, Industrial), by Product (Reversible, Irreversible).

Temperature Sensitive Coating Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Temperature Sensitive Coating Market

Overview of the regional outlook of the Temperature Sensitive Coating Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Temperature Sensitive Coating Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Temperature Sensitive Coating Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Food & Beverage

                2. Household / Decorative

                3. Healthcare / Pharmaceuticals

                4. Industrial

                1. Reversible

                2. Irreversible

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Temperature Sensitive Coating Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

How you may use our products:

• Correctly Positioning New Products
• Market Entry Strategies
• Business Expansion Strategies
• Consumer Insights
• Understanding Competition Scenario
• Product & Brand Management
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Reasons to Purchase the Temperature Sensitive Coating Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.