DUBLIN--(BUSINESS WIRE)--The "Thermochromic Paints & Coatings Market - Global Drivers, Restraints, Opportunities, Trends, and Forecasts up to 2023" report has been added to ResearchAndMarkets.com's offering.
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.
- Increasing Demand in FMCG Packaging
- Increasing Affordability of Thermochromic Products
- Raw Material Price Fluctuations
- Low Awareness of Thermochromic Paints & Coatings in Emerging Economies
- Technological Development in the Products
- Large Untapped Market in Developing and Underdeveloped Countries
- Akzo Nobel N.V.
- Axalta Coating Systems Ltd.
- Bechtel Corporation
- General Electric (GE)
- Hammer packaging
- RPM International
- Sherwin Williams
Key Topics Covered
1 Report Outline
2 Executive Summary
3 Market Positioning
4 Market Outlook
5 Market Characteristics
6 By Type: Market Size and Analysis
7 Application: Market Size and Analysis
8 Regions: Market Size and Analysis
9 Companies to watch for
10 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/fq69zt/thermochromic?w=4