openPR Logo
Press release

How Phase Change Materials Market Growing Rapidly...? Top Manufacturers Terex Corporation, Liebherr Group, XCMG Group, Welbilt Inc, Konecranes, Komatsu Ltd.Henkel, BASF SE, Phase Change Products Pty Ltd., Sasol, Laird PLC, Entropy Solutions, Croda and The

Phase Change Materials Market

Phase Change Materials Market

Global Market Insights has announced the launch of Phase Change Materials Market, a comprehensive study enumerating the latest price trends and pivotal drivers rendering a positive impact on the industry landscape. Further, the report is inclusive of the competitive terrain of this vertical in addition to the market share analysis and the contribution of the prominent contenders toward the overall industry.

According to a new research report by Global Market Insights, Inc. Phase Change Materials Market size is forecast to exceed USD 4 billion by 2024.

Request sample copy of this report @
www.gminsights.com/request-sample/detail/2241

Phase change materials (PCM) market is poised to witness substantial growth rate during the forecast period. This exponential growth can be attributed to increasing global emphasis on reduction of greenhouse gases. According to International Energy Agency, global energy consumption increased twice from 1973 to 2012, reaching to approximately 8,500 Mtoe (million tons of oil equivalent). This has led to increase in greenhouse gas emissions by 7.7% from 1990 to 2014.

Thus, there is a pressing need for energy saving and corresponding hazardous gas emission. To achieve this objective new environmental friendly technologies and gadgets are required. PCMs utilize latent heat of phase change for controlling temperature within a set range. Use of PCMs in as many applications as possible will reduce the demand for coolers and heaters and subsequently reduce energy consumption. By incorporating phase change materials in applications such as building and construction, and HVAC, companies can earn 10-20 times more carbon credits compared to other greener insulating materials.

Salt hydrates will be fastest growing product segment of phase change materials market in the coming years. Hydrated salts comprise of an alloy of inorganic salts and water. These are cost-effective and are easily available in market. Desirable properties of salt hydrates to be used as a phase change material include higher thermal conductivity than paraffins and non-paraffins and small volume change. Bio-based phase change materials is increasingly grabbing attention of textile and packaging manufacturers across the globe. These are mostly vegetable based and provide several social, environmental and safety benefits.

Browse Complete Summary of this report @
https://www.gminsights.com/industry-analysis/phase-change-material-market

Textiles segment will be growing at substantial CAGR in PCM market over the next few years. The product was initially incorporated in spacesuits by NASA for their astronauts. Phase change materials used in this industry are combination of various types of paraffins each having different crystallization and melting points. The product is enclosed in microcapsules for leakage prevention in its liquid state. HVAC is an important end-user segment of phase change materials market and shall expand at a significant growth rate in North America and Europe during the forecast timeframe.

North America and Europe will be growing at prominent rates during the forecast period. Most of the countries in these regions have adopted advanced construction practices which utilize products such as phase change materials to improve the overall energy efficiency of structures. This contributes well in energy saving and ultimately aids in carbon footprint reduction. Phase change materials will experience surged demand in these regions over the forecast duration.

Make an inquiry for purchasing this report @
www.gminsights.com/inquiry-before-buying/2241

The phase change materials market is diverse which includes small to medium scale and multinational players as well. This market space has some major names including Henkel, BASF SE, Phase Change Products Pty Ltd., Sasol, Laird PLC, Entropy Solutions, Croda and The Dow Chemical Company. This industry has companies with forward as well as backward integration of resources. For instance, RGEES LLC produces phase change materials and uses it for thermal shipping and as a cold chain refrigerant for healthcare, pharmaceutical and biosciences industries. Acquisitions and joint ventures were common strategic development tactics among players of phase change materials market.

Contact Us
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release How Phase Change Materials Market Growing Rapidly...? Top Manufacturers Terex Corporation, Liebherr Group, XCMG Group, Welbilt Inc, Konecranes, Komatsu Ltd.Henkel, BASF SE, Phase Change Products Pty Ltd., Sasol, Laird PLC, Entropy Solutions, Croda and The here

News-ID: 1786431 • Views: 296

More Releases from Global Market Insights, Inc.

Global sodium metasilicate pentahydrate market size by 2025 | Top Companies are …
Global Market Insights, Inc., says that sodium metasilicate pentahydrate market may exceed USD 875 million by 2025. Sodium metasilicate pentahydrate market is expected to accrue momentous proceeds from the cement industry. The product is used as a connecting agent in the making of refractory cement & can enable properties such as chemical and heat resistance and hardness. It has also found application in the cosmetic, textile, ceramics, chemical production, and
Vinyl ester market Growth in Europe, Impact Covid19 and Top key players like Swa …
Vinyl ester market to be fueled by increasing deployment of wind energy facilities, Europe to emerge as a pivotal revenue pocket. In 2017, Europe marked a growth of 25% in the wind power plant capacity annual installation as compared to 2016. Whereas wind energy was the second-largest source of power generation power in the year 2016 in Europe. Nations worldwide are actively aligning their focus toward the deployment of wind
Biaxially Oriented Polypropylene (BOPP) Market Size, Share by key players like B …
Biaxially oriented polypropylene (BOPP) market size to reach USD 20 billion by 2024. Growing focus on superior packaging for the protection of delicate good, foods, medicines, and others will favor BOPP business growth in the coming years. Rapid proliferation of e-commerce platforms along with changing consumer spending trends will drive biaxially oriented polypropylene (BOPP) market outlook. In a world of constantly-changing lifestyles, consumers expect products to be shatter-proof, lightweight, aesthetically appealing,
Titanium Dioxide Market to see 7%+ CAGR over 2021-2026 | Key Players are Tronox …
Titanium Dioxide Market growth will be driven by rising expansion activities in the paints & coatings sector and proliferating application in paper & pulp industry. For years, titanium dioxide (TiO₂) has been used in the manufacturing of numerous consumer products across various industries. The product finds applications in paints, adhesives, coatings, paper, rubber, printing inks, textiles, coated fabrics, ceramics, roofing materials, floor coverings, and cosmetics. Surging in product demand across

All 5 Releases


More Releases for Phase

2026 Global Pharmacovigilance Market Growth Analysis by Clinical Trials Like Pre …
Global Pharmacovigilance Market 2018 report includes extensive Market analysis and industry landscape along with SWOT analysis and PESTEL analysis of the important vendors. The analysis is conducted with a blend of secondary and primary advice for inputs from participants in the industry. Pharmacovigilance industry report covers the prospects of Women’S Health P oducts in the forecast period of 2018-2026 and the scenario. Growing prevalence of adverse reactions caused by drugs, has
Reverse Phase Columns (Professional Survey Report 2017)
"Global Reverse Phase Columns Market Professional Survey Report 2017" The Report covers current Industries Trends, Worldwide Analysis, Global Forecast, Review, Share, Size, Growth, Effect. . . Description- '
MAAT Inaugurates Versatile Phase Shifter
Company announces release of a digital recreation of Roger Schult’s analog hardware MAAT Incorporated, a manufacturer of exceptional performance professional audio solutions, today announced the release of RSPhaseShifter version 1.0, a digital implementation of the Roger Schult/German Audio Lab’s Phase Shifter 500 Series W2324 hardware. The cross–platform plug–in creates a high quality, phase shifted version of a monaural or stereo input. Available in formats for all major DAWs (Digital Audio Workstations), RSPhaseShifter
Pre-Registration, Filing Rejected/Withdrawn, Phase Iii, Phase Ii, Phase I, Precl …
"Migraine - Pipeline Review, H2 2016" The Report covers current Market Trends, Worldwide Analysis, Global Forecast, Review, Share, Size, Growth, Effect. Description- Global Markets Direct's latest Pharmaceutical and Healthcare disease pipeline guide Migraine Pipeline Review, H2 2016, provides an overview of the Migraine (Central Nervous System) pipeline landscape. Migraine is a disorder characterized by repeated attacks of severe headache. A migraine headache causes throbbing or pulsating pain, usually on only one side of
Daisho Blacksmith completes successful Beta Test Phase
Huge support from users by brisk participation at beta test • Sync release could be further optimized • Official sync release shortly available as download Munich, february 23rd 2011. The beta test for the new version of the personal information management software DAISHO was successfully completed. Daisho Blacksmith, developer of the PIM tool, would like to thank the numerous testers which have actively contributed to the enhancement of DAISHO through their dedicated testing.
Epsilon Award 2008 - Nomination phase has started
The Epsilon Award is a combination of Excellency, craftsmanship and visionary ability. These are characteristics of an outstanding programmer and a piece of true software art. And you can now send your application for nomination for this prestigious award of our software industry. Please read all details and find the relevant signup link www.euroconference.org/Epsilon_Vote.htm on the webportal of the European Software Conference 2008, taking place in Berlin on November 8