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Temperature Sensitive Coating Market Present Scenario and Growth Prospects by 2024

Growing applications scope in traffic road marking and the automotive industry is expected to drive product demand over the forecast period. Temperature sensitive coating has been widely used in thermometer labels including fridge, nursery, forehead and aquarium thermometers.

The Global Temperature Sensitive Coating Market value is expected to reach USD 362.8 million by 2024, according to a new report by Grand View Research, Inc.



Rising product demand in the household sector, particularly in economies such as Brazil, India, China and Vietnam owing to growing consumer disposable income, is expected to drive the market growth over the next eight years.

Reversible temperature sensitive coating dominated the global demand and accounted for over 65% of total volume in 2015. This trend is anticipated to continue over the forecast period on account of rising demand from the various application such as textiles, room & refrigeration thermometers, food quality indicators, promotional items, forehead thermometers, temperature sensitive plastics & mugs, and toys.

Household/decorative was the leading application segment and accounted for 35.2% of total market volume in 2015. This high penetration can be attributed to the rising demand for industrial and pharmaceutical applications particularly in emerging economies of India, China, and Brazil.

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Industrial applications are expected to witness the highest growth of 7.0% from 2016 to 2024.Rising product demand in various industrial applications such as annealing, metalworking, riveting, and welding for quality purposes is anticipated to increase market penetration in this segment.

Top Players of Temperature Sensitive Coating Market:

Major companies operating in the global temperature sensitive coating industry include CAPCO, LCR Hallcrest, LA-CO Industries, TIP Temperature Products, B&H Colour Change, SFXC, Good Life Innovations, Ltd. and Lakfbriek Korthals BV.

Market Segmentation of Temperature Sensitive Coating Market:

The Temperature Sensitive Coating Market segmented on the basis of Product and Application.

By product:

    Reversible
    Irreversible

By Application:

    Healthcare/pharmaceutical
    Food& beverage
    Household/decorative
    Industrial

Inquire about Temperature Sensitive Coating Market with Our Experts @ https://www.grandviewresearch.com/inquiry/2891
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