PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1718860
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1718860
The chromic materials market is projected to reach USD 6.37 billion by 2030 from USD 4.64 billion in 2025, at a CAGR of 6.5%. The increasing demand for smart materials in the automotive sector is propelling the chromic materials market, as manufacturers are adopting new technologies, including electrochromic windows, auto-dimming rearview mirrors, and sunroofs with adjustable opacity to improve comfort, safety, and fuel economy. Chromogenic technologies enable dynamic control of light and heat, improving visibility and reducing the need for traditional shading and cooling systems. These properties are particularly desirable in luxury and high-performance cars, where both, esthetic and functional requirements are high, and chromic materials are thus an important stimulus of modern automobile style and market development.
Scope of the Report | |
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Years Considered for the Study | 2022-2030 |
Base Year | 2024 |
Forecast Period | 2025-2030 |
Units Considered | Tons; Value (USD million) |
Segments | Type, Material, Application, and Technology |
Regions covered | Asia Pacific, North America, Europe, Middle East & Africa, and South America |
"Based on technology, electrochromism is expected to be the fastest-growing technology in the chromic materials market during the forecast period, in terms of value"
Electrochromism is the fastest-growing technology in the chromic materials field, prompted by its ability to control dynamically the transmission of light and heat, and therefore, suitability for energy-efficient smart windows, automotive mirrors, and future displays. Increasing demand for sustainable products, combined with enhanced performance and durability due to technology, is promoting their use in the automotive, construction, and consumer electronics markets. Regulatory support for green building projects and integration with IoT and smart home networks are also increasingly driving market growth, positioning the electrochromic technology for strong growth in value and a high CAGR over the forecast period.
"Based on application, smart windows is expected to be the largest application in chromic materials market during the forecast period, in terms of value"
Smart windows are expected to be the largest application in the chromic materials market through the forecast period, fueled by their central contribution to enhancing energy efficiency and comfort in the residential, commercial, and transportation markets. Through dynamic modification in transparency and insulation, they minimize energy consumption in lighting and climate control, contributing to global sustainability objectives and regulatory requirements.
"Based on region, Asia Pacific accounts for the largest share and is the fastest-growing region in the chromic materials market, in terms of value"
Asia Pacific has the highest share and is the fastest-growing region in the chromic materials market, fueled by rapid industrialization and rapid growth in the electrical, electronics, automotive, and construction sectors of China, India, and Japan. Rising applications in intelligent coatings, paints, and premium materials, and growing urbanization and infrastructure growth are driving demand. Also, higher expenditure on technology and growing demand for high-performance, innovative materials further contribute to market growth, cementing Asia Pacific's position as the world's largest share of the market and highest growth rate for chromic materials.
The key players in this market are Merck KGaA (Germany), Milliken & Company (US), Tokuyama Corporation (Japan), Flint Group (UK), Nova by Saint-Gobain (US), SpotSee (US), Matsui International Company (Japan), QCR Solutions Corp (US), Chromatic Technologies Inc (US), Olikrom Industry (France), Kolortek Co., Ltd (China), New Prismatic Enterprise Co., Ltd (Taiwan), GEM'INNOV (France), Hali Pigment Co., Ltd (China) Vivimed Labs Limited (India), and Smarol Industry Co., Ltd (China).
Research Coverage
This report segments the chromic materials market based on type, material, application, technology, and region, and provides estimations for the overall value of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products and services, key strategies, product launches, expansions, and mergers & acquisitions associated with the chromic materials market.
Key benefits of buying this report
This research report focuses on various levels of analysis, including industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the chromic materials market, high-growth regions, and market drivers, restraints, opportunities, and challenges.