Phase Change Materials Market to cross $4.2bn by 2024 |Key Players: Honeywell, The Dow Chemical Company, BASF, Sasol, Henkel, Phase Change Energy Solutions, Inc.

Global Market Insights, Inc. has added a new report on Phase Change Materials Market that provides a comprehensive review of this industry with respect to the driving forces influencing the market size. Comprising the current and future trends defining the dynamics of this industry vertical, this report also incorporates the regional landscape Industry in tandem with its competitive terrain.

Textiles industry shall be a growing end-user segment in phase change materials market with a promising CAGR over the coming years. The product uses latent heat which can be conserved or released from material over broad range of temperature. Additionally, this product can transform its existing state with some temperature change. Lately, the integration of phase change materials in textile industry through encapsulation or coating for making regulated smart textiles has grabbed researchers' attention worldwide.

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

Growth drivers are

Global drivers
1) Regulations regarding minimizing greenhouse gas emission
2) Advancements in macro and micro encapsulation technologies
3) Growing popularity of bio-based phase change materials
4) Increasing product acceptance in textile industry

Regional drivers
1) Growing building & construction industry in Asia Pacific
2) Advanced construction practices in North America
3) Rising demand for heating, ventilation and air conditioning systems in Europe and North America

Phase change materials (PCM) market is expected to experience exponential growth over the forecast duration. This substantial growth is owing to the rising awareness on reduction of greenhouse gases and thus minimizing global warming impact. The increasing demand for energy in combination with a rising awareness for environmental impact have encouraged the development of sustainable energy sources, including materials for energy storage. Latent heat thermal energy storage with using phase change material have become an area of great interest. It is a reliable and efficient way to reduce energy consumption. These materials have applications in cold storage, comfort temperature regulation and overheat protection.

Due to lack of knowledge and awareness regarding the advantages and use of phase change materials, only a few products have made it to the market. These materials can be incorporated into materials including gypsum, concrete, plaster and wallboard. A major obstacle to use of PCMs is their packaging, cost and knowledge and among potential customer and user communities.

Eutectic phase change materials provide combination of organic as well as inorganic ingredients properties which can thereby, customized and utilized as per application and end-user requirements. This product segment will witness significant attention in phase change materials market during the forecast timeframe. Bio-based PCM is gradually establishing its demand amongst packaging and textile manufacturers throughout the globe. These are generally vegetable based and offer numerous environmental, safety and social benefits.

North America shall grow at substantial rate during the forecast timespan. This region has switched to cutting-edge technology for construction activities which lead to optimum resource management as well as energy saving, both of which are perfectly provided by phase change materials. The product contributes up to excellent standards in energy conservation, ultimately resulting in reduction in carbon footprint.

Partial Chapter of the Table of Content:

Chapter 3. Phase Change Materials Industry Insights
3.1. Industry segmentation
3.2. Industry size and forecast, 2013 - 2024
3.3. Industry ecosystem analysis
3.3.1. Raw material analysis
3.3.2. Manufacturing trends
3.3.3. Profit margin
3.3.4. Value addition
3.3.5. Distribution channel analysis
3.3.6. Vendor matrix
3.3.6.1. List of key raw material suppliers
3.3.6.2. List of key manufacturers/distributors
3.3.6.3. List of key/potential customers
3.4. Innovation & sustainability
3.4.1. Patent analysis
3.4.2. Technology landscape
3.4.3. Production process
3.4.4. Comparison of manufacturing techniques
3.4.5. Future trends
3.5. Industry impact forces
3.5.1. Growth drivers
3.5.1.1. Global drivers
3.5.1.1.1. Regulations regarding minimizing greenhouse gas emission
3.5.1.1.2. Advancements in macro and micro encapsulation technologies
3.5.1.1.3. Growing popularity of bio-based phase change materials
3.5.1.1.4. Increasing product acceptance in textile industry
3.5.1.2. Regional drivers
3.5.1.2.1. Growing building & construction industry in Asia Pacific
3.5.1.2.2. Advanced construction practices in North America
3.5.1.2.3. Rising demand for heating, ventilation and air conditioning systems in Europe and North America
3.5.2. Industry pitfalls & challenges
3.5.2.1. High product cost
3.5.2.2. Procurement risk and high prices of raw materials
3.6. Regulatory landscape
3.6.1. U.S.
3.6.2. Europe
3.6.3. China
3.7. Growth potential analysis
3.8. Price trend analysis
3.8.1. Cost structure analysis
3.8.1.1. R&D cost
3.8.1.2. Manufacturing & equipment cost
3.8.1.3. Raw material cost
3.8.1.4. Distribution cost
3.8.1.5. Operating cost
3.8.1.6. Miscellaneous cost
3.8.2. Price by product
3.8.3. Price by end-user
3.9. Competitive landscape, 2016
3.9.1. Company market share analysis, 2016
3.9.1.1. Global
3.9.1.2. Regional
3.9.2. Brand analysis
3.9.3. Key stakeholders
3.9.4. Strategic dashboard
3.10. Porter’s analysis
3.10.1. Supplier power
3.10.2. Buyer power
3.10.3. Threat of new entrants
3.10.4. Threat of substitutes
3.10.5. Industry rivalry
3.11. PESTEL analysis

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

The PCM market is varied and includes multinational players and medium scale producers as well. Few major companies functional in this segment are Henkel, BASF SE, Sasol, Entropy Solutions, Phase Change Products, Dow Chemical and Laird PLC. Companies have different business models regarding handling of raw materials and distribution of phase change materials Distribution is generally done through these typical modes such as wholesalers, dealers & distributors, online portals such as Alibaba.com and direct marketing through their official websites. For instance, KraftKolour (Australia) supplies textile industry with Glauber salt PCM. Continuous efforts by companies through research and development activities is well reflected on the number of patents been launched each year.

Contact Us
Contact Person: Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.a
Phone: 1-302-846-7766
Toll Free: 1 888-689-0688

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.