Global Thermochromic Pigment Market-Industry Analysis and Forecast (2019-2027)
Global Thermochromic Pigment Market was valued US$ XX Mn in 2019 and is expected to grow around US$ XX Mn by 2027, at a CAGR of around 5.4% during the forecast period. The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis. Growing sales in the food & beverage market is expected to surge the demand in the thermochromic pigments market, thanks to its application in the packaging of many foods & beverages items. Such as, the product is used on pizza packages to fix the temperature of the food. For example, if the flame logo on the pizza box is orange, it means the pizza is hot. Therefore, this kind of feature supports reaching maximum customer satisfaction. In recent times, application-based delivery services have improved exponentially, mainly in emerging regions. This would be a noteworthy growth factor in the thermochromic pigments market.