Chromoactive Materials Market Size

Chromoactive Materials Market size is estimated at USD 12.9 billion in 2024 and is poised to reach USD 29.2 billion by the end of 2037, growing at around 6.5% CAGR during the forecast period i.e., between 2025-2037. In 2025, the industry size of chromoactive materials is evaluated at USD 13.7 billion.

The automotive and construction industries are widely adopting chromoactive coatings due to their ability to provide aesthetic versatility and functionality such as temperature regulations and protection against UV damage. Many automakers worldwide are leveraging chromoactive coatings to develop color-changing vehicles based on consumer preferences. This personalization trend in the automotive sector positively influences the demand for chromoactive materials. In October 2020, LUMINEQ released a demo of automotive smart glass, The Touch Demo 1-5 P FOX, catering to stringent automotive regulations. The product is glove-touch compatible and retains around 70% transparency in laminations, best suited for interior as well as exterior applications within the automotive sector.

In construction applications, chromoactive coating materials enable architects and builders to incorporate visually striking designs that can adapt to the surroundings or user preferences, enhancing the aesthetic appeal of buildings. The growing popularity of smart homes and advanced cars is set to augment the sales of chromoactive materials in the coming years.  According to Research Nester, the smart cities market is expected to increase at a CAGR of 10.0% during the forecasted period.