| Product Code: ETC8636961 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The Nigeria market for thermochromic pigments saw a significant shift in 2024 with top exporters being India, China, South Africa, Netherlands, and Taiwan. The market concentration, as measured by the HHI, increased from high to very high in 2024, indicating a more consolidated market landscape. Despite a negative CAGR of -18.76% from 2020 to 2024, the market showed promising growth in 2024 with a growth rate of 14.22% compared to the previous year. This suggests potential opportunities for importers and exporters in the thermochromic pigments sector in Nigeria.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Thermochromic Pigments Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Thermochromic Pigments Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Thermochromic Pigments Market - Industry Life Cycle |
3.4 Nigeria Thermochromic Pigments Market - Porter's Five Forces |
3.5 Nigeria Thermochromic Pigments Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Nigeria Thermochromic Pigments Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Nigeria Thermochromic Pigments Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for thermochromic pigments in the food and beverage industry for temperature-sensitive packaging. |
4.2.2 Growing adoption of thermochromic pigments in textiles and printing industry for innovative product designs. |
4.2.3 Rising awareness about sustainable and eco-friendly products driving the use of thermochromic pigments in various applications. |
4.3 Market Restraints |
4.3.1 High cost of thermochromic pigments compared to conventional pigments limiting market penetration. |
4.3.2 Limited availability of raw materials for manufacturing thermochromic pigments leading to supply chain constraints. |
4.3.3 Stringent regulations and standards related to the use of thermochromic pigments in certain applications hindering market growth. |
5 Nigeria Thermochromic Pigments Market Trends |
6 Nigeria Thermochromic Pigments Market, By Types |
6.1 Nigeria Thermochromic Pigments Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Thermochromic Pigments Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Nigeria Thermochromic Pigments Market Revenues & Volume, By Reversible Thermochromic Pigment, 2021- 2031F |
6.1.4 Nigeria Thermochromic Pigments Market Revenues & Volume, By Irreversible Thermochromic Pigment, 2021- 2031F |
6.2 Nigeria Thermochromic Pigments Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Thermochromic Pigments Market Revenues & Volume, By Paint & Coating, 2021- 2031F |
6.2.3 Nigeria Thermochromic Pigments Market Revenues & Volume, By Ink printing, 2021- 2031F |
6.2.4 Nigeria Thermochromic Pigments Market Revenues & Volume, By Plastic, 2021- 2031F |
6.2.5 Nigeria Thermochromic Pigments Market Revenues & Volume, By Cosmetics, 2021- 2031F |
7 Nigeria Thermochromic Pigments Market Import-Export Trade Statistics |
7.1 Nigeria Thermochromic Pigments Market Export to Major Countries |
7.2 Nigeria Thermochromic Pigments Market Imports from Major Countries |
8 Nigeria Thermochromic Pigments Market Key Performance Indicators |
8.1 Innovation rate in thermochromic pigment technology. |
8.2 Number of new applications utilizing thermochromic pigments. |
8.3 Investment in research and development for improving thermochromic pigment properties. |
9 Nigeria Thermochromic Pigments Market - Opportunity Assessment |
9.1 Nigeria Thermochromic Pigments Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Nigeria Thermochromic Pigments Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Nigeria Thermochromic Pigments Market - Competitive Landscape |
10.1 Nigeria Thermochromic Pigments Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Thermochromic Pigments Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |