Phase Change Materials Market Research Report Up to 2031

Visiongain has launched a new report Phase Change Materials Market Report 2021-2031: Forecasts by Type (Organic, Inorganic, Bio-Based, Others), by Product (Paraffin, Salt Hydrate, Fatty Acids, Eutectic Salts), by Application (Construction, Mechanical, Cold Chain & Packaging, Thermal Energy Storage, Electronics, Textile, Others) AND Regional and Leading National Market Analysis PLUS Analysis of Leading Phase Change Materials Companies AND COVID-19 Recovery Scenarios.

Key Questions Answered by This Report:
• Who are the leading phase change material manufacturers?
• What factors are driving and restraining the growth for leading phase change material manufacturers?
• How have the leading phase change material manufacturers performed financially in recent years?

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Rapidly growing urban infrastructure and increasing activities to reduce the greenhouse gas emission factors are expected to drive the growth of phase change material market. The market seeks growth opportunities from rising adoption of bio-based phase change materials. However, the high cost of phase change materials and limited applications in temperate temperatures are some of the factors hampering the market growth during the forecast period.

Market Drivers

Reduced Dependency on Conventional Materials
Phase change materials possess high heat storage capacity in comparison to other conventional materials such as clay, wood, sand, and so on. In addition, the less operating cost of phase change material and high temperature security when compared to conventional materials are expected to fuel the PCM market's growth in the next few years.

Reduction of Greenhouse Gas Emissions
The phase change materials help in minimizing the overall HVAC cost by many times because with the usage of these materials night coolness can be stored for further usage during the daytime. Which is further expected to reduce overall air conditioning cost. Also, by storing the daytime hotness for further use during nights and through electricity load shifting by thermal storage. These factors are expected to help in reducing the greenhouse gas emissions and also further projected to increase the demand for phase change materials.

Advantage of Phase Change Material’s High Thermal Mass
Phase change materials possess high thermal mass, due to that in case external and internal temperatures are decreased below the phase change temperature beforehand the PCM completely changes the phase, and the heat will be free from the phase change material. Owing to this reason the components comprising phase change material, can mitigate the variations of internal temperature, considerably decrease or delay the load for the later period of the day, and reduce the cooling load. This factor is likely to rise the demand for PCM’s in future.

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Energy Conservation
Phase change materials help in saving energy primarily in HVAC and building & construction applications. These materials are used in commercial buildings to save energy by actively absorbing and releasing heat and are a feasible option in places where there is a significant difference between day and night temperatures. Charles Stun University's Thurgoona campus at Asbury, Australia, uses PCMs in its concrete flooring. PCMs were also integrated into the plasterboard ceilings. PCMs potentially have energy savings of 10% to 30% compared to existing cooling energy consumption This correlates to technical potential energy savings between 335 GWh/year and 1,005 GWrtryear Residential and commercial heating/cooling consumes more than 14% of global energy.
Market Opportunities

Development and Commercialisation of Bio-based Phase Change Materials
Bio-based phase change materials are produced from natural resources such as beef tallow, lard, and plant’s oil including coconut, soybeans, and palms. These materials are the green alternatives to the paraffin-based phase change materials. The major characteristic includes the non-toxic nature of these materials and also these materials can be recycled thousands of times without any material deprivation, due to the presence of hydrogenated hydrocarbons in phase change materials, which are chemically stable and can last for decades. Thus, the high focus on developing and commercialising the bio-based phase change materials is expected to provide growth opportunity for PCM’s market.

Reducing Prices of Phase Change Materials
In recent times, salt hydrate prices have dropped significantly due to that PCM’s prices are expected to reduce. But the real solution lies in creating lower costs, easy to produce, chemically & thermally stable salt hydrates based PCMs that can be used in building & construction applications. Bio-based PCMs are another inexpensive, renewable, and environmentally friendly alternatives to paraffin. Thus, the high focus towards providing the cost effective and efficient phase change materials will provide the growth opportunity in near future.

Competitive Landscape
As of 2020, the phase change material industry is highly competitive with the presence of many established international and domestic manufacturers. Some of the major players analyzed in the report are Advansa B.V., AI Technology, Inc., Parker Chomerics, Climator Sweden AB, Croda International Plc, Csafe Global, Henkel AG & Company, KGaA, Phase Change Material Products Ltd., Rubitherm Technologies, Shenzhen Aochuan Technology Co. Ltd., Shin-Etsu Chemical Co. Ltd., INSOLCORP, Inc., Salca BV, Beyond Industries (China) Limited, Boyd Corporation, Encapsys, LLC, Honeywell International, Inc., Sasol, Cryopak, Datum Phase Change Limited, Microtek Laboratories, Inc., Phase Change Solutions, Inc., Outlast Technologies LLC, Climator Sweden AB, PureTemp LLC, Pluss Advanced Technologies Pvt. Ltd., and Cold Chain Technologies.

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How this report will benefit you
Read on to discover how you can exploit the future business opportunities emerging in this sector.

In this brand new 528-page Visiongain report you will receive 459 tables and 322 figures–all unavailable elsewhere The 528-page report provides clear detailed insight into the Global Phase Change Material Market. Discover the key drivers and challenges affecting the market.

Find quantitative and qualitative analyses with independent predictions. Receive information that only our report contains, staying informed with this invaluable business intelligence.

Information found nowhere else
With our newly report title, you are less likely to fall behind in knowledge or miss out on opportunities. See how our work could benefit your research, analyses, and decisions. Visiongain’s study is for everybody needing commercial analyses for the Phase Change Materials Market and leading companies. You will find data, trends, and predictions.

Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to sara.peerun@visiongain.com or call her on +44 (0) 20 7549 9987.

Contact:
Sara Peerun
Commercial Director
Visiongain Inc.
Tel: + 44 207 549 9987
USA Tel: + 1 718 682 4567
EU Tel: + 353 1 695 0006
Research Insight: https://www.visiongain.com/phase-change-materials-industry-analysis/

About Visiongain
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, Visiongain produces a host of business-to-business reports focusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.

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