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Phase Change Materials Market Report
The Market is Segmented by Type (Inorganic PCM, Organic PCM, and Bio-Based PCM), by Application Type (Building & Construction, HVAC, Cold Chain & Packaging, Thermal Energy Storage, Refrigeration & Equipment, Electronics, Textiles, and Others), by Encapsulation Technology Type...
Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Phase change materials market is likely to witness an impressive CAGR of 18.2% during the forecast period. Strong demand from end-use industries, such as building & construction, HVAC, cold chain & packaging, thermal energy storage, refrigeration & equipment, electronics, textiles, and others is the major factor driving the demand for phase change materials in the global market. Phase change material holds unique feature that it can store and release large amount of energy/heat while maintaining a constant temperature and hence, is used to conserve energy, reduce operating cost, and provide temperature security.
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Phase Change Materials (PCM) Market Snapshot |
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Growth |
18.2% for the next five years |
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Major Type |
Inorganic Phase Change Materials |
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Dominant Application Type |
Building & Construction |
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Region with the highest demand |
Europe |
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Key Players |
Honeywell Electronic Materials, Inc., Laird PLC, Sasol Limited, Croda International PLC., Entropy Solutions LLC, Microtek Laboratories Inc., Pluss Advanced Technologies LLC, Henkel AG & Company, KGaA, and Cold Chain technologies, Inc. |
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Based on the type, the market is segmented as Inorganic PCM, Organic PCM, and Bio-based PCM. The inorganic PCM is expected to lead the market during the forecast period, owing to its good thermal conductivity, high latent heat of fusion, non-flammability, and low cost. Inorganic PCMs are extensively used in thermal energy storage, HVAC, cold chain & packaging, and refrigeration & equipment.
Based on the application type, the PCM market is segmented as building & construction, HVAC, cold chain & packaging, thermal energy storage, refrigeration & equipment, electronics, textiles, and others. The building & construction segment is expected to remain the largest segment during the forecast period, owing to stringent regulations towards greenhouse gas emission and increasing investment for low carbon buildings, especially in North America and Europe.
In terms of regions, Europe is expected to remain the largest market for phase change materials during the forecast period. Stringent regulation regarding usage and handling of temperature-sensitive goods, implementation of strict building codes, and the European Union directives to improve efficiency in buildings are the major factors that have led to the dominance of Europe in the global PCM market.
Some of the major players in the phase change materials market are Honeywell Electronic Materials, Inc., Laird PLC., Sasol Limited, Croda International PLC., Entropy Solutions LLC, Microtek Laboratories Inc., Pluss Advanced Technologies Pvt. Ltd., Phase Change Energy Solutions Inc., Rubitherm Technologies GmbH, Phase Change Materials Products Ltd., Outlast Technologies LLC, Henkel AG & Company, KGaA, and Cold Chain Technologies, Inc.
Phase Change Materials are materials that are capable of changing their phase or form from solid to liquid and vice versa. These are useful in storing heat so that it can be used later on when needed. When they absorb, they melt and they again solidify when they release heat. These can be stored in different insulated buffers so that they can be used for upcoming needs.
Phase Change Materials can be of several types with their own advantages and disadvantages. These materials can be used in a wide number of areas such as construction, textiles, refrigeration, and many others.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Phase Change Materials (PCM) Market Research Report – Features |
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Market Segmentation |
4 ways |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The phase change materials market is segmented into the following categories.
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
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