Thermochromic Paint Market Analysis North America, APAC, Europe, Middle East and Africa, South America - US, China, India, Germany, France - Size and Forecast 2024-2028

Published: Oct 2023 Pages: 169 SKU: IRTNTR74496

Thermochromic Paint Market Forecast 2024-2028 

The thermochromic paint market size is estimated to grow by USD 531.44 million at a CAGR of 5.47% between 2023 and 2028. The growth of the market depends on several factors such as increasing use in the food and beverage industry, the emergence of smart materials and the increasing use of thermochromic paints in inks and coatings. 

What will be the size of the Market During the Forecast Period?

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Key Drivers, Trends, and Challenges

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Driver

The increasing use of thermochromic paints in inks and coatings is notably driving the market growth.  Smart materials are used in a wide range of applications. Hence, their properties can be changed by external conditions such as electricity, light, and temperature. Smart materials are used in aerospace, manufacturing, and healthcare. Smart materials are widely used in the automotive industry for automatic heat and light control. Thermochromic material is one such example of smart material. This type of material is temperature responsive, which means it changes with the temperature change.

For instance, paints made of these materials can change colour to indicate rust or deterioration in the metal underneath. There is a wide range of applications of this smart material called thermochromic paint, which includes food packaging, textiles, automotive, and building and construction. Thermochromic inks are used for printing on food packaging and clothing. Increasing use of these smart materials in a wide range of applications is expected to drive the market growth and trends during the forecast period.

Key Trends

Growing demand for thermochromic paints in APAC is one of the major market trends. The demand for thermochromic paints is rapidly increasing in APAC owing to economic and industrial development. Also, the increasing use of thermochromic paints in the textile industry is expected to contribute largely to the growth of the market in APAC. Japan is the major market in APAC, where the demand in the automotive industry is higher than in other countries. The increasing demand for the manufacturing of novelty products is also fueling the growth of the market in APAC. 

Moreover, several countries, such as India and China, are emphasizing attracting newer investments in infrastructure development, which, in turn, is expected to boost the demand. Thus, such factors are expected to drive the growth of the market during the forecast period.

Major Challenge

The expensive production process of thermochromic paint is a significant challenge hindering market growth. One of the major challenges faced by the market is the expensive production process. The high cost of raw materials and energy largely influences the overall cost. The phenomenon of thermochromism arises from the various types of rearrangement at the molecular level. The mechanisms include a change in ligand geometry, phase transition, equilibria between different molecular structures, and a change in the number of solvent molecules in the coordination sphere.

However, reversible thermochromic pigments have a cyclic aryl lactone dye, a diaminoalkane activator, an ester, and titanium dioxide as an opacifier. The acid activators used in reversible thermochromic pigments include phenols, phosphinic, carboxylic, phosphonic acids, and metal salts. Thus, the expensive production process will hamper the growth of the market during the forecast period.

Customer Landscape

The market growth analysis report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market forecasting report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Customer Landscape

Who are the Major Thermochromic Paint Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Axalta Coating Systems Ltd. - The company offers thermochromic paint under the liquid coatings and powder coatings categories.

The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • BASF SE
  • Chromatic Technologies Inc.
  • CROMAS Srl
  • Flint Group
  • FX Pigments Pvt. Ltd.
  • Geminnov
  • Hali Pigment Co. Ltd.
  • Insilico Co. Ltd.
  • Kolortek Co. Ltd.
  • Lawrence Industries
  • LCR Hallcrest LLC
  • Matsui International Inc.
  • MG Chemicals Ltd.
  • NanoMatriX International Ltd.
  • New Color Chemical Co. Ltd.
  • Olikrom SAS
  • QCR Solutions Corp.
  • Smarol Industry Co. Ltd.
  • The Sherwin Williams Co.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Market Segmentation

The automotive segment is estimated to witness significant growth during the forecast period. Thermochromic paint, when used in automobiles, modifies its color according to the temperature. Thermochromic paint is a kind of paint that changes its colour when exposed to temperature. These temperature changes are feasible because its composition includes thermochromic pigments, which are natural or inorganic polymers. In addition to the world of motors, this kind of paint is additionally used in fire prevention and road accidents.

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The automotive segment was the largest and was valued at USD 415.70 million in 2018. On the roads, the ice reduces the degree of maneuverability and control of the drivers and the vehicles. In this situation, thermochromic paintings can indicate the presence of ice without the need for separate sensors or energy supply systems. Applying this paint on the asphalt, one can instantly know the status of each exact site of the pavement to know that it must be circulated with extreme caution. In this process, choosing the base colour is very important, as it will be shown when the thermochromic disappears. Therefore, it is advisable to use a clear background such as white or similar so that one gets a great contrast, and the effect is notorious. Therefore, the demand in the automotive sector is expected to increase during the forecast period as modern technology makes it possible to add a personal touch to the vehicle, which drives the growth of the automotive segment of the market during the forecast period.

Regional Analysis

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North America is estimated to contribute 38% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.  Strict government regulations concerning industrial safety and flourishing manufacturing hubs in North America are some of the major drivers boosting the usage of thermochromic paints in North America. Moreover, the developments in printing and coating applications, packaging applications, and the medical manufacturing industry in major countries such as the US and Canada are also driving the growth of the market in North America.  In the US, the demand for these materials is growing in packaging and printing.

Further, the usage of thermochromic pigments in inks for screen printing and flexographic printing is anticipated to be a key aspect of the market growth in the region. In recent times, a significant rise in the usage of thermochromic paints has been observed in several forms, such as inks, polymers, and pigments, for numerous applications, including packaging for food and beverages, interior decorations, textiles, and promotional activities. This, in turn, is expected to drive the market in the region during the forecast period.

Market Analyst Overview

In the forecasted period, the market faces challenges such as the exorbitant cost of thermochromic pigments, and limiting consumer adoption. Although specialty pigments offer a wider color spectrum, consumers remain price conscious due to restricted color options and durability concerns, particularly for outdoor applications exposed to extreme weather and ultraviolet light.

Complicated manufacturing procedures contribute to increased production costs, deterring manufacturers' adoption. Low knowledge and education in sectors and geographical areas hinder market expansion, despite the potential advantages of thermochromic paints. Regulatory compliance, especially in sectors like packaging, imposes strict criteria, influencing the creation and application of thermochromic paints.

Segment Overview

The market growth and forecasting report forecasts market growth by revenue and provides an analysis of the latest trends and growth opportunities from 2018 to 2028. 

  • Application Outlook 
    • Automotive
    • Building and construction
    • Textile
    • Packaging
    • Others
  • Type Outlook
    • Irreversible
    • Reversible
  • Region Outlook 
    • North America
      • The U.S.
      • Canada
    • South America
      • Chile
      • Brazil
      • Argentina
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Thermochromic Paint Market Scope

Market Report Coverage

Details

Page number

169

Base year

2023

Historic period

 2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 5.47%

Market Growth 2024-2028

USD 531.44 million

Market structure

Fragmented

YoY growth 2023-2024(%)

4.96

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 38%

Key countries

US, China, India, Germany, and France

Competitive landscape

 Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

Key companies profiled

Axalta Coating Systems Ltd., BASF SE, Chromatic Technologies Inc., CROMAS Srl, Flint Group, FX Pigments Pvt. Ltd., Geminnov, Hali Pigment Co. Ltd., Insilico Co. Ltd., Kolortek Co. Ltd., Lawrence Industries, LCR Hallcrest LLC, Matsui International Inc., MG Chemicals Ltd., NanoMatriX International Ltd., New Color Chemical Co. Ltd., Olikrom SAS, QCR Solutions Corp., Smarol Industry Co. Ltd., and The Sherwin Williams Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. 

Customization purview

If our market trends and analysis report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the market between 2024 and 2028
  • Precise estimation of the market  size and its contribution of the market in focus to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the market across North America, APAC, Europe, Middle East and Africa, and South America
  • A thorough analysis of the market’s competitive landscape and detailed information about companies
  • Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements. 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global thermochromic paint market 2018 - 2022
      • Exhibit 18: Historic Market Size – Data Table on global thermochromic paint market 2018 - 2022 ($ million)
    • 4.2 Application Segment Analysis 2018 - 2022
      • Exhibit 19: Historic Market Size – Application Segment 2018 - 2022 ($ million)
    • 4.3 Type Segment Analysis 2018 - 2022
      • Exhibit 20: Historic Market Size – Type Segment 2018 - 2022 ($ million)
    • 4.4 Geography Segment Analysis 2018 - 2022
      • Exhibit 21: Historic Market Size – Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country Segment Analysis 2018 - 2022
      • Exhibit 22: Historic Market Size – Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2023-2028 (%)
      • Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Automotive - Market size and forecast 2023-2028
      • Exhibit 34: Chart on Automotive - Market size and forecast 2023-2028 ($ million)
      • Exhibit 35: Data Table on Automotive - Market size and forecast 2023-2028 ($ million)
      • Exhibit 36: Chart on Automotive - Year-over-year growth 2023-2028 (%)
      • Exhibit 37: Data Table on Automotive - Year-over-year growth 2023-2028 (%)
    • 6.4 Building and construction - Market size and forecast 2023-2028
      • Exhibit 38: Chart on Building and construction - Market size and forecast 2023-2028 ($ million)
      • Exhibit 39: Data Table on Building and construction - Market size and forecast 2023-2028 ($ million)
      • Exhibit 40: Chart on Building and construction - Year-over-year growth 2023-2028 (%)
      • Exhibit 41: Data Table on Building and construction - Year-over-year growth 2023-2028 (%)
    • 6.5 Textile - Market size and forecast 2023-2028
      • Exhibit 42: Chart on Textile - Market size and forecast 2023-2028 ($ million)
      • Exhibit 43: Data Table on Textile - Market size and forecast 2023-2028 ($ million)
      • Exhibit 44: Chart on Textile - Year-over-year growth 2023-2028 (%)
      • Exhibit 45: Data Table on Textile - Year-over-year growth 2023-2028 (%)
    • 6.6 Packaging - Market size and forecast 2023-2028
      • Exhibit 46: Chart on Packaging - Market size and forecast 2023-2028 ($ million)
      • Exhibit 47: Data Table on Packaging - Market size and forecast 2023-2028 ($ million)
      • Exhibit 48: Chart on Packaging - Year-over-year growth 2023-2028 (%)
      • Exhibit 49: Data Table on Packaging - Year-over-year growth 2023-2028 (%)
    • 6.7 Others - Market size and forecast 2023-2028
      • Exhibit 50: Chart on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 51: Data Table on Others - Market size and forecast 2023-2028 ($ million)
      • Exhibit 52: Chart on Others - Year-over-year growth 2023-2028 (%)
      • Exhibit 53: Data Table on Others - Year-over-year growth 2023-2028 (%)
    • 6.8 Market opportunity by Application
      • Exhibit 54: Market opportunity by Application ($ million)
      • Exhibit 55: Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Type

    • 7.1 Market segments
      • Exhibit 56: Chart on Type - Market share 2023-2028 (%)
      • Exhibit 57: Data Table on Type - Market share 2023-2028 (%)
    • 7.2 Comparison by Type
      • Exhibit 58: Chart on Comparison by Type
      • Exhibit 59: Data Table on Comparison by Type
    • 7.3 Irreversible - Market size and forecast 2023-2028
      • Exhibit 60: Chart on Irreversible - Market size and forecast 2023-2028 ($ million)
      • Exhibit 61: Data Table on Irreversible - Market size and forecast 2023-2028 ($ million)
      • Exhibit 62: Chart on Irreversible - Year-over-year growth 2023-2028 (%)
      • Exhibit 63: Data Table on Irreversible - Year-over-year growth 2023-2028 (%)
    • 7.4 Reversible - Market size and forecast 2023-2028
      • Exhibit 64: Chart on Reversible - Market size and forecast 2023-2028 ($ million)
      • Exhibit 65: Data Table on Reversible - Market size and forecast 2023-2028 ($ million)
      • Exhibit 66: Chart on Reversible - Year-over-year growth 2023-2028 (%)
      • Exhibit 67: Data Table on Reversible - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Type
      • Exhibit 68: Market opportunity by Type ($ million)
      • Exhibit 69: Data Table on Market opportunity by Type ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 71: Chart on Market share by geography 2023-2028 (%)
      • Exhibit 72: Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Exhibit 73: Chart on Geographic comparison
      • Exhibit 74: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Exhibit 75: Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 76: Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 77: Chart on North America - Year-over-year growth 2023-2028 (%)
      • Exhibit 78: Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 APAC - Market size and forecast 2023-2028
      • Exhibit 79: Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 80: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Exhibit 81: Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Exhibit 82: Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.5 Europe - Market size and forecast 2023-2028
      • Exhibit 83: Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 84: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Exhibit 85: Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Exhibit 86: Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.6 Middle East and Africa - Market size and forecast 2023-2028
      • Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.7 South America - Market size and forecast 2023-2028
      • Exhibit 91: Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 92: Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Exhibit 93: Chart on South America - Year-over-year growth 2023-2028 (%)
      • Exhibit 94: Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Exhibit 95: Chart on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 96: Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Exhibit 97: Chart on US - Year-over-year growth 2023-2028 (%)
      • Exhibit 98: Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 China - Market size and forecast 2023-2028
      • Exhibit 99: Chart on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 100: Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Exhibit 101: Chart on China - Year-over-year growth 2023-2028 (%)
      • Exhibit 102: Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.10 India - Market size and forecast 2023-2028
      • Exhibit 103: Chart on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 104: Data Table on India - Market size and forecast 2023-2028 ($ million)
      • Exhibit 105: Chart on India - Year-over-year growth 2023-2028 (%)
      • Exhibit 106: Data Table on India - Year-over-year growth 2023-2028 (%)
    • 9.11 Germany - Market size and forecast 2023-2028
      • Exhibit 107: Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 108: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Exhibit 109: Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Exhibit 110: Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.12 France - Market size and forecast 2023-2028
      • Exhibit 111: Chart on France - Market size and forecast 2023-2028 ($ million)
      • Exhibit 112: Data Table on France - Market size and forecast 2023-2028 ($ million)
      • Exhibit 113: Chart on France - Year-over-year growth 2023-2028 (%)
      • Exhibit 114: Data Table on France - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 115: Market opportunity by geography ($ million)
      • Exhibit 116: Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 117: Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 118: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 119: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 120: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 121: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 122: Matrix on vendor position and classification
            • 12.3 Axalta Coating Systems Ltd.
              • Exhibit 123: Axalta Coating Systems Ltd. - Overview
              • Exhibit 124: Axalta Coating Systems Ltd. - Business segments
              • Exhibit 125: Axalta Coating Systems Ltd. - Key offerings
              • Exhibit 126: Axalta Coating Systems Ltd. - Segment focus
            • 12.4 BASF SE
              • Exhibit 127: BASF SE - Overview
              • Exhibit 128: BASF SE - Business segments
              • Exhibit 129: BASF SE - Key news
              • Exhibit 130: BASF SE - Key offerings
              • Exhibit 131: BASF SE - Segment focus
            • 12.5 Chromatic Technologies Inc.
              • Exhibit 132: Chromatic Technologies Inc. - Overview
              • Exhibit 133: Chromatic Technologies Inc. - Product / Service
              • Exhibit 134: Chromatic Technologies Inc. - Key offerings
            • 12.6 CROMAS Srl
              • Exhibit 135: CROMAS Srl - Overview
              • Exhibit 136: CROMAS Srl - Product / Service
              • Exhibit 137: CROMAS Srl - Key offerings
            • 12.7 Flint Group
              • Exhibit 138: Flint Group - Overview
              • Exhibit 139: Flint Group - Product / Service
              • Exhibit 140: Flint Group - Key offerings
            • 12.8 FX Pigments Pvt. Ltd.
              • Exhibit 141: FX Pigments Pvt. Ltd. - Overview
              • Exhibit 142: FX Pigments Pvt. Ltd. - Product / Service
              • Exhibit 143: FX Pigments Pvt. Ltd. - Key offerings
            • 12.9 Geminnov
              • Exhibit 144: Geminnov - Overview
              • Exhibit 145: Geminnov - Product / Service
              • Exhibit 146: Geminnov - Key offerings
            • 12.10 Hali Pigment Co. Ltd.
              • Exhibit 147: Hali Pigment Co. Ltd. - Overview
              • Exhibit 148: Hali Pigment Co. Ltd. - Product / Service
              • Exhibit 149: Hali Pigment Co. Ltd. - Key offerings
            • 12.11 Insilico Co. Ltd.
              • Exhibit 150: Insilico Co. Ltd. - Overview
              • Exhibit 151: Insilico Co. Ltd. - Product / Service
              • Exhibit 152: Insilico Co. Ltd. - Key offerings
            • 12.12 Kolortek Co. Ltd.
              • Exhibit 153: Kolortek Co. Ltd. - Overview
              • Exhibit 154: Kolortek Co. Ltd. - Product / Service
              • Exhibit 155: Kolortek Co. Ltd. - Key offerings
            • 12.13 Lawrence Industries
              • Exhibit 156: Lawrence Industries - Overview
              • Exhibit 157: Lawrence Industries - Product / Service
              • Exhibit 158: Lawrence Industries - Key offerings
            • 12.14 LCR Hallcrest LLC
              • Exhibit 159: LCR Hallcrest LLC - Overview
              • Exhibit 160: LCR Hallcrest LLC - Product / Service
              • Exhibit 161: LCR Hallcrest LLC - Key offerings
            • 12.15 Matsui International Inc.
              • Exhibit 162: Matsui International Inc. - Overview
              • Exhibit 163: Matsui International Inc. - Product / Service
              • Exhibit 164: Matsui International Inc. - Key offerings
            • 12.16 MG Chemicals Ltd.
              • Exhibit 165: MG Chemicals Ltd. - Overview
              • Exhibit 166: MG Chemicals Ltd. - Product / Service
              • Exhibit 167: MG Chemicals Ltd. - Key offerings
            • 12.17 NanoMatriX International Ltd.
              • Exhibit 168: NanoMatriX International Ltd. - Overview
              • Exhibit 169: NanoMatriX International Ltd. - Product / Service
              • Exhibit 170: NanoMatriX International Ltd. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 171: Inclusions checklist
                • Exhibit 172: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 173: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 174: Research methodology
                • Exhibit 175: Validation techniques employed for market sizing
                • Exhibit 176: Information sources
              • 13.5 List of abbreviations
                • Exhibit 177: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Key Questions Answered

              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?

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