Temperature Sensitive Coating Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth And Forecast 2021 - 2026

Report Code: CMR 18167 Report Format: PDF + Excel (Delivery in 48 Hrs)

Temperature Sensitive Coating Market Overview

Temperature Sensitive Coating Market size is forecast to reach $535 million by 2026, after growing at a CAGR of 6.5% during 2021-2026. Growing application scope in the household sector, particularly in emerging economies such as China, India, Vietnam, and Brazil, are expected to boost the market in the future, owing to increased consumer disposable income. Temperature-sensitive coating using liquid crystals technology is used in thermometer labels, such as forehead, freezer, nursery, and aquarium thermometers. In addition, favorable government regulations governing the handling and transportation of pharmaceutical items are expected to stimulate product demand. The IATA Temperature Control Regulations, for instance, address temperature control issues in the pharmaceutical industry. As a result of these restrictions, product labels are now required in pharmaceutical shipments. Furthermore, Corrosion Under Insulation (CUI) is one of the most serious concerns that companies face, hence many are implementing temperature-sensitive assets as a standard practice. Over the projection period, the aforementioned factors are projected to raise product demand.

COVID-19 Impact

Due to the covid-19 outbreak, various countries have gone under shut down owing to which the market is witnessing a period of low demand from its end-use industries. According to the European Steel Association (EUROFER), in March 2020, demand for new commercial vehicles fell by 47.3% across the EU. In June 2020, registrations of new passenger cars in the EU totaled 949,722 units, a drop of 22.3% compared to the same month last year, as measures to prevent the spread of the coronavirus have led to the closure of dealerships. Which has also affected the temperature-sensitive coating market.

Report Coverage

The report: “Temperature Sensitive Coating Market– Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Temperature Sensitive Coating Industry.
By Product: Reversible Temperature Sensitive Coating, Irreversible Temperature Sensitive Coating, and others.
By Application: Healthcare/pharmaceutical, Food & Beverage, Household Goods, Aerospace, Automotive, Industrial and others.
By Geography: North America (USA, Mexico and Canada), Europe (Germany, UK, France, Italy, Spain, Netherlands, Russia, Belgium, and Rest of Europe), APAC (China, Japan, India, South Korea, Australia, Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America, and RoW (Middle East (Saudi Arabia, UAE, Israel, Rest of Middle East), Africa (South Africa, Nigeria, Rest of Africa).

Key Takeaways

  • Europe dominated the global temperature sensitive coating market in 2020, owning to high consumer disposable income combined with the increasing residential construction activities in the region.
  • Rising demand for irreversible temperature sensitive products for quality purposes in various applications such as riveting, annealing, welding, and metalworking, is expected to drive product demand in industrial applications.
  • Furthermore, technological advancements in the automotive sector, such as Lamborghini's color-changing cars, are expected to boost market growth in the coming years.


Figure: Europe Temperature Sensitive Coating Market Revenue, 2020-2026 (US$ Million)

Temperature Sensitive Coating Market Revenue

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Temperature Sensitive Coating Market Segment Analysis – By Product

Reversible temperature sensitive coating held the largest share in the temperature sensitive coating market in 2020, attributed to high demand from application industries such as household and pharmaceuticals. Various technologies, such as leuco dye and liquid crystals, are used to create reversible products. Because of its reduced price and extensive application breadth, Leuco dye technology is favored over liquid crystals technology for graphics, quality control, packaging, process control, labeling, and advertising. When there are wider temperature fluctuations and accuracy is less important, this method is used. Liquid crystals have a high thermal sensitivity and are used in thermometers with temperature differences as tiny as 0.2 degrees Fahrenheit. Chemical indicators are one-time use devices that change phase when they reach the desired temperature. These coatings are primarily employed to provide evidence of temperature attainment and to monitor applications.

Temperature Sensitive Coating Market Segment Analysis – By Application

Household application held the largest share in the temperature sensitive coating market in 2020 and is growing at a CAGR of 6.8% during the forecast period. Due to the rising application scope for ornamental products such as heat-sensitive mugs and pencils, as well as color-changing toys. Furthermore, over the projection period, rising product demand from emerging economies such as India and, China, is expected to propel market expansion. As these countries' residential construction and consumer disposable income are steadily increasing. For, instance, in 2019, China's government invested 1.9 billion on 13 public housing projects. According to International Trade Administration (ITA), the Chinese construction industry is forecasted to grow at an annual average of 5% in real terms between 2019 and 2023. Furthermore, the industrial application is also growing at a significant rate during the forecast period. Owning to rising product demand in a variety of industrial applications such as paper coloration, brand protection, and protecting against Corrosion Under Insulation (CUI). 

Temperature Sensitive Coating Market Segment Analysis – By Geography

Europe dominated the global temperature sensitive coating market in 2020 with 35%, attributed to high consumer disposable income combined with the increasing residential construction activities in the region. According to the Global Construction Perspectives and Oxford Economics report, the U.K is expected to become the world’s sixth-largest construction market by 2030. Over the next 15 years, U.K. is expected to build 3.3 million homes. In addition, Belgium's government is taking initiatives to support the construction of new houses in the country. For instance, a system of tax reductions on homes and mortgages, an Accesspack loan scheme, and an investment fund for public housing, aiming to fund the construction of 6,000 new dwellings has been undertaken by the Government in the period 2016-2017. These initiatives are having an influence on the expansion of residential buildings as well as, numerous household ornamental products. Thus, in turn, complementing temperature sensitive coatings market growth.

Temperature Sensitive Coating Market Drivers

Growing Demand from Industrial Applications

The temperature sensitive coating is used for various industrial applications including crack detection. The temperature sensitive coating based on a platinum porphyrin trapped in a thin film generated from a sol-gel process. Temperature sensitive coating is deposited on top of an aluminum plate for this test, which is then subjected to dynamic fatigue using an electrodynamic shaker. To detect cracks in the aluminum, the changes in the surface temperature of the plate as it was excited at its resonance frequency were recorded. This method simplifies the visualization and measurement of cracks in real time. When compared to traditional thermography, this method shows the surface-temperature change for aluminum below the resolution of traditional instrumentation. Therefore, the demand for temperature sensitive coating is increasing for applications such as crack detection, and protecting against Corrosion Under Insulation (CUI).

Temperature Sensitive Coating Market Challenges

High Product Cost and Specialized Manufacturing Process

High product costs, combined with an increasing need for temperature-sensitive, accurate products at low prices, are expected to stymie market expansion throughout the projection period. Furthermore, temperature sensitive coatings, such as room and refrigeration thermometers, forehead thermometers, and food quality indicators, use liquid crystals. This technology has a wide range of applications; but, due to extremely specialized manufacturing procedures, demand is currently minimal. Therefore, these are the factors limiting the temperature sensitive coating marker growth.

Temperature Sensitive Coating Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Temperature Sensitive Coating Market. Major players in the Temperature Sensitive Coating market includes LCR Hallcrest, CAPCO, LA-CO Industries, B&H Colour Change, TIP Temperature Products, SFXC, LakfbriekKorthals BV and Good Life Innovations, Ltd, among others.

Relevant Reports

Report Code: ESR 0259

Report Code: CMR 62870

For more Chemicals and Materials Market reports, please click here

1. Temperature Sensitive Coating Market- Market Overview
    1.1 Definitions and Scope
2. Temperature Sensitive Coating Market - Executive Summary
    2.1 Key Trends by Product
    2.2 Key Trends by Application
    2.3 Key Trends by Geography
3. Temperature Sensitive Coating Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Temperature Sensitive Coating Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Temperature Sensitive Coating Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Temperature Sensitive Coating Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Temperature Sensitive Coating Market – Strategic Analysis
    7.1 Value Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Temperature Sensitive Coating Market – By Product (Market Size -$Million/Billion)
    8.1 Reversible Temperature Sensitive Coating
    8.2 Irreversible Temperature Sensitive Coating
    8.3 Others
9. Temperature Sensitive Coating Market – By Application (Market Size -$Million/Billion)
    9.1 Healthcare/Pharmaceutical
    9.2 Food & Beverage
    9.3 Household Goods
    9.4 Aerospace
    9.5 Automotive
    9.6 Industrial
    9.7 Others
10. Temperature Sensitive Coating Market - By Geography (Market Size -$Million/Billion)
    10.1 North America
        10.1.1 USA
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 UK
        10.2.2 Germany
        10.2.3 France
        10.2.4 Italy
        10.2.5 Netherland
        10.2.6 Spain
        10.2.7 Russia
        10.2.8 Belgium
        10.2.9 Rest of Europe
    10.3 Asia-Pacific
        10.3.1 China
        10.3.2 Japan
        10.3.3 India
        10.3.4 South Korea
        10.3.5 Australia and New Zeeland
        10.3.6 Indonesia
        10.3.7 Taiwan
        10.3.8 Malaysia
        10.3.9 Rest of APAC
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Colombia
        10.4.4 Chile
        10.4.5 Rest of South America
    10.5 Rest of the World
        10.5.1 Middle East
            10.5.1.1 Saudi Arabia
            10.5.1.2 U.A.E
            10.5.1.3 Israel
            10.5.1.4 Rest of the Middle East
        10.5.2 Africa
            10.5.2.1 South Africa
            10.5.2.2 Nigeria
            10.5.2.3 Rest of Africa
11. Temperature Sensitive Coating Market – Entropy
    11.1 New Product Launches
    11.2 M&As, Collaborations, JVs and Partnerships
12. Temperature Sensitive Coating Market – Market Share Analysis Premium
    12.1 Company Benchmarking Matrix - Major Companies
    12.2 Market Share at Global Level - Major companies
    12.3 Market Share by Key Region - Major companies
    12.4 Market Share by Key Country - Major companies
    12.5 Market Share by Key Application - Major companies
    12.6 Market Share by Key Product Type/Product category - Major companies
13. Temperature Sensitive Coating Market – Key Company List by Country Premium Premium
14. Temperature Sensitive Coating Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10 and more
"*Financials would be provided on a best efforts basis for private companies" 

LIST OF TABLES

1.Global Temperature Sensitive Coating Product Outlook Market 2019-2024 ($M)
1.1 Reversible Temperature Sensitive Coating Market 2019-2024 ($M) - Global Industry Research
1.2 Irreversible Temperature Sensitive Coating Market 2019-2024 ($M) - Global Industry Research
2.Global Temperature Sensitive Coatingapplication Outlook Market 2019-2024 ($M)
2.1 Healthcare/Pharmaceutical Market 2019-2024 ($M) - Global Industry Research
2.2 Food Beverage Market 2019-2024 ($M) - Global Industry Research
2.3 Household/Decorative Market 2019-2024 ($M) - Global Industry Research
2.4 Industrial Market 2019-2024 ($M) - Global Industry Research
3.Global Competitive Landscape Market 2019-2024 ($M)
3.1 Capgo Market 2019-2024 ($M) - Global Industry Research
3.2 Lcr Hallcrestl Market 2019-2024 ($M) - Global Industry Research
3.3 La-Co Industry Market 2019-2024 ($M) - Global Industry Research
3.4 Bh Colour Change Market 2019-2024 ($M) - Global Industry Research
3.5 Tip Temperature Product Market 2019-2024 ($M) - Global Industry Research
3.6 Lakfbriek Korthals Bv Market 2019-2024 ($M) - Global Industry Research
3.7 Sfxc Market 2019-2024 ($M) - Global Industry Research
3.8 Good Life Innovations, Ltd Market 2019-2024 ($M) - Global Industry Research
4.Global Temperature Sensitive Coating Product Outlook Market 2019-2024 (Volume/Units)
4.1 Reversible Temperature Sensitive Coating Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Irreversible Temperature Sensitive Coating Market 2019-2024 (Volume/Units) - Global Industry Research
5.Global Temperature Sensitive Coatingapplication Outlook Market 2019-2024 (Volume/Units)
5.1 Healthcare/Pharmaceutical Market 2019-2024 (Volume/Units) - Global Industry Research
5.2 Food Beverage Market 2019-2024 (Volume/Units) - Global Industry Research
5.3 Household/Decorative Market 2019-2024 (Volume/Units) - Global Industry Research
5.4 Industrial Market 2019-2024 (Volume/Units) - Global Industry Research
6.Global Competitive Landscape Market 2019-2024 (Volume/Units)
6.1 Capgo Market 2019-2024 (Volume/Units) - Global Industry Research
6.2 Lcr Hallcrestl Market 2019-2024 (Volume/Units) - Global Industry Research
6.3 La-Co Industry Market 2019-2024 (Volume/Units) - Global Industry Research
6.4 Bh Colour Change Market 2019-2024 (Volume/Units) - Global Industry Research
6.5 Tip Temperature Product Market 2019-2024 (Volume/Units) - Global Industry Research
6.6 Lakfbriek Korthals Bv Market 2019-2024 (Volume/Units) - Global Industry Research
6.7 Sfxc Market 2019-2024 (Volume/Units) - Global Industry Research
6.8 Good Life Innovations, Ltd Market 2019-2024 (Volume/Units) - Global Industry Research
7.North America Temperature Sensitive Coating Product Outlook Market 2019-2024 ($M)
7.1 Reversible Temperature Sensitive Coating Market 2019-2024 ($M) - Regional Industry Research
7.2 Irreversible Temperature Sensitive Coating Market 2019-2024 ($M) - Regional Industry Research
8.North America Temperature Sensitive Coatingapplication Outlook Market 2019-2024 ($M)
8.1 Healthcare/Pharmaceutical Market 2019-2024 ($M) - Regional Industry Research
8.2 Food Beverage Market 2019-2024 ($M) - Regional Industry Research
8.3 Household/Decorative Market 2019-2024 ($M) - Regional Industry Research
8.4 Industrial Market 2019-2024 ($M) - Regional Industry Research
9.North America Competitive Landscape Market 2019-2024 ($M)
9.1 Capgo Market 2019-2024 ($M) - Regional Industry Research
9.2 Lcr Hallcrestl Market 2019-2024 ($M) - Regional Industry Research
9.3 La-Co Industry Market 2019-2024 ($M) - Regional Industry Research
9.4 Bh Colour Change Market 2019-2024 ($M) - Regional Industry Research
9.5 Tip Temperature Product Market 2019-2024 ($M) - Regional Industry Research
9.6 Lakfbriek Korthals Bv Market 2019-2024 ($M) - Regional Industry Research
9.7 Sfxc Market 2019-2024 ($M) - Regional Industry Research
9.8 Good Life Innovations, Ltd Market 2019-2024 ($M) - Regional Industry Research
10.South America Temperature Sensitive Coating Product Outlook Market 2019-2024 ($M)
10.1 Reversible Temperature Sensitive Coating Market 2019-2024 ($M) - Regional Industry Research
10.2 Irreversible Temperature Sensitive Coating Market 2019-2024 ($M) - Regional Industry Research
11.South America Temperature Sensitive Coatingapplication Outlook Market 2019-2024 ($M)
11.1 Healthcare/Pharmaceutical Market 2019-2024 ($M) - Regional Industry Research
11.2 Food Beverage Market 2019-2024 ($M) - Regional Industry Research
11.3 Household/Decorative Market 2019-2024 ($M) - Regional Industry Research
11.4 Industrial Market 2019-2024 ($M) - Regional Industry Research
12.South America Competitive Landscape Market 2019-2024 ($M)
12.1 Capgo Market 2019-2024 ($M) - Regional Industry Research
12.2 Lcr Hallcrestl Market 2019-2024 ($M) - Regional Industry Research
12.3 La-Co Industry Market 2019-2024 ($M) - Regional Industry Research
12.4 Bh Colour Change Market 2019-2024 ($M) - Regional Industry Research
12.5 Tip Temperature Product Market 2019-2024 ($M) - Regional Industry Research
12.6 Lakfbriek Korthals Bv Market 2019-2024 ($M) - Regional Industry Research
12.7 Sfxc Market 2019-2024 ($M) - Regional Industry Research
12.8 Good Life Innovations, Ltd Market 2019-2024 ($M) - Regional Industry Research
13.Europe Temperature Sensitive Coating Product Outlook Market 2019-2024 ($M)
13.1 Reversible Temperature Sensitive Coating Market 2019-2024 ($M) - Regional Industry Research
13.2 Irreversible Temperature Sensitive Coating Market 2019-2024 ($M) - Regional Industry Research
14.Europe Temperature Sensitive Coatingapplication Outlook Market 2019-2024 ($M)
14.1 Healthcare/Pharmaceutical Market 2019-2024 ($M) - Regional Industry Research
14.2 Food Beverage Market 2019-2024 ($M) - Regional Industry Research
14.3 Household/Decorative Market 2019-2024 ($M) - Regional Industry Research
14.4 Industrial Market 2019-2024 ($M) - Regional Industry Research
15.Europe Competitive Landscape Market 2019-2024 ($M)
15.1 Capgo Market 2019-2024 ($M) - Regional Industry Research
15.2 Lcr Hallcrestl Market 2019-2024 ($M) - Regional Industry Research
15.3 La-Co Industry Market 2019-2024 ($M) - Regional Industry Research
15.4 Bh Colour Change Market 2019-2024 ($M) - Regional Industry Research
15.5 Tip Temperature Product Market 2019-2024 ($M) - Regional Industry Research
15.6 Lakfbriek Korthals Bv Market 2019-2024 ($M) - Regional Industry Research
15.7 Sfxc Market 2019-2024 ($M) - Regional Industry Research
15.8 Good Life Innovations, Ltd Market 2019-2024 ($M) - Regional Industry Research
16.APAC Temperature Sensitive Coating Product Outlook Market 2019-2024 ($M)
16.1 Reversible Temperature Sensitive Coating Market 2019-2024 ($M) - Regional Industry Research
16.2 Irreversible Temperature Sensitive Coating Market 2019-2024 ($M) - Regional Industry Research
17.APAC Temperature Sensitive Coatingapplication Outlook Market 2019-2024 ($M)
17.1 Healthcare/Pharmaceutical Market 2019-2024 ($M) - Regional Industry Research
17.2 Food Beverage Market 2019-2024 ($M) - Regional Industry Research
17.3 Household/Decorative Market 2019-2024 ($M) - Regional Industry Research
17.4 Industrial Market 2019-2024 ($M) - Regional Industry Research
18.APAC Competitive Landscape Market 2019-2024 ($M)
18.1 Capgo Market 2019-2024 ($M) - Regional Industry Research
18.2 Lcr Hallcrestl Market 2019-2024 ($M) - Regional Industry Research
18.3 La-Co Industry Market 2019-2024 ($M) - Regional Industry Research
18.4 Bh Colour Change Market 2019-2024 ($M) - Regional Industry Research
18.5 Tip Temperature Product Market 2019-2024 ($M) - Regional Industry Research
18.6 Lakfbriek Korthals Bv Market 2019-2024 ($M) - Regional Industry Research
18.7 Sfxc Market 2019-2024 ($M) - Regional Industry Research
18.8 Good Life Innovations, Ltd Market 2019-2024 ($M) - Regional Industry Research
19.MENA Temperature Sensitive Coating Product Outlook Market 2019-2024 ($M)
19.1 Reversible Temperature Sensitive Coating Market 2019-2024 ($M) - Regional Industry Research
19.2 Irreversible Temperature Sensitive Coating Market 2019-2024 ($M) - Regional Industry Research
20.MENA Temperature Sensitive Coatingapplication Outlook Market 2019-2024 ($M)
20.1 Healthcare/Pharmaceutical Market 2019-2024 ($M) - Regional Industry Research
20.2 Food Beverage Market 2019-2024 ($M) - Regional Industry Research
20.3 Household/Decorative Market 2019-2024 ($M) - Regional Industry Research
20.4 Industrial Market 2019-2024 ($M) - Regional Industry Research
21.MENA Competitive Landscape Market 2019-2024 ($M)
21.1 Capgo Market 2019-2024 ($M) - Regional Industry Research
21.2 Lcr Hallcrestl Market 2019-2024 ($M) - Regional Industry Research
21.3 La-Co Industry Market 2019-2024 ($M) - Regional Industry Research
21.4 Bh Colour Change Market 2019-2024 ($M) - Regional Industry Research
21.5 Tip Temperature Product Market 2019-2024 ($M) - Regional Industry Research
21.6 Lakfbriek Korthals Bv Market 2019-2024 ($M) - Regional Industry Research
21.7 Sfxc Market 2019-2024 ($M) - Regional Industry Research
21.8 Good Life Innovations, Ltd Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Temperature Sensitive Coating Market Revenue, 2019-2024 ($M)
2.Canada Temperature Sensitive Coating Market Revenue, 2019-2024 ($M)
3.Mexico Temperature Sensitive Coating Market Revenue, 2019-2024 ($M)
4.Brazil Temperature Sensitive Coating Market Revenue, 2019-2024 ($M)
5.Argentina Temperature Sensitive Coating Market Revenue, 2019-2024 ($M)
6.Peru Temperature Sensitive Coating Market Revenue, 2019-2024 ($M)
7.Colombia Temperature Sensitive Coating Market Revenue, 2019-2024 ($M)
8.Chile Temperature Sensitive Coating Market Revenue, 2019-2024 ($M)
9.Rest of South America Temperature Sensitive Coating Market Revenue, 2019-2024 ($M)
10.UK Temperature Sensitive Coating Market Revenue, 2019-2024 ($M)
11.Germany Temperature Sensitive Coating Market Revenue, 2019-2024 ($M)
12.France Temperature Sensitive Coating Market Revenue, 2019-2024 ($M)
13.Italy Temperature Sensitive Coating Market Revenue, 2019-2024 ($M)
14.Spain Temperature Sensitive Coating Market Revenue, 2019-2024 ($M)
15.Rest of Europe Temperature Sensitive Coating Market Revenue, 2019-2024 ($M)
16.China Temperature Sensitive Coating Market Revenue, 2019-2024 ($M)
17.India Temperature Sensitive Coating Market Revenue, 2019-2024 ($M)
18.Japan Temperature Sensitive Coating Market Revenue, 2019-2024 ($M)
19.South Korea Temperature Sensitive Coating Market Revenue, 2019-2024 ($M)
20.South Africa Temperature Sensitive Coating Market Revenue, 2019-2024 ($M)
21.North America Temperature Sensitive Coating By Application
22.South America Temperature Sensitive Coating By Application
23.Europe Temperature Sensitive Coating By Application
24.APAC Temperature Sensitive Coating By Application
25.MENA Temperature Sensitive Coating By Application