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Advanced Phase Change Materials (PCM) Market Size 2021 Industry Outlook, Top Countries Data, Driving Factors by Manufacturers, Growth and Forecast 2025
Advanced Phase Change Materials (PCM) Market Research Report 2021 - 2025Latest released, the research study on Global Advanced Phase Change Materials (PCM) Market Report Forecast 2021 - 2025, offers a detailed overview of the factors influencing the global business scope. Advanced Phase Change Materials (PCM) Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Advanced Phase Change Materials (PCM). The study covers emerging player's data, including competitive landscape, sales, revenue and global market share of top manufacturers are: Rubitherm Technologies GmbH, BASF, Climator Sweden AB, PCM Energy Ltd, Outlast Technologies, Chemours Company, Cryopak, Dow Building Solutions, Entropy Solutions Inc., Phase Change Energy Solutions, Honeywell
In 2020, the global Advanced Phase Change Materials (PCM) market size was US$ 1288.1 million and it is expected to reach US$ 2886.7 million by the end of 2027, with a CAGR of 11.9% during 2021-2027.
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Market Overview:
Phase change materials (PCMs) are substances with a high enthalpy of fusion, also known as latent heat, meaning they can store large quantities of heat energy as they change phase. When melting, they absorb heat and maintain the temperature of the environment at a certain value until completely molten. When the temperature of the environment falls below the crystallisation temperature, the PCM will start to solidify, releasing large quantities of heat and maintaining the temperature until completely solid.
Latent heat storage can be achieved through liquid>solid, solid>liquid, solid>gas and liquid>gas phase changes. However, only solid>liquid and liquid>solid phase changes are practical for PCMs. Although liquid gas transitions have a higher heat of transformation than solid>liquid transitions, liquid->gas phase changes are impractical for thermal storage because large volumes or high pressures are required to store the materials in their gas phase. Solid>solid phase changes are typically very slow and have a relatively low heat of transformation.
Phase change materials are products that release or absorb heat when they change from one phase to another (usually from solid to liquid or vice versa). These materials store thermal energy in the form of latent heat, which is released when they freeze or crystallize and absorbed when they melt at their respective melting/freezing temperature points. Hence, they are used in a broad range of applications that require thermal control and management.
Based on the technology of the material used, advanced PCM are broadly categorized as inorganic PCM, organic PCM and Bio-based PCM.
Currently, The industry concentration is not high, the technical barriers and financial barriers of Advanced Phase Change Materials (PCM) are also not high. The companies in the world that produce Advanced Phase Change Materials (PCM) mainly concentrate in China, India, Southeast Asia, Europe, Japan and USA. Raw materials are also concentrated in these regions. In particular, as the market leader in Advanced Phase Change Materials (PCM), BASF take the global market share of about 9%, other key manufacturers include Honeywell, Cryopak Entropy Solutions Inc., Climator Sweden AB, Phase Change Energy Solutions, Outlast Technologies, Dow Building Solutions, Chemours Company, PCM Energy Ltd and Rubitherm.
This report elaborates the market size, market characteristics, and market growth of the Advanced Phase Change Materials (PCM) industry, and breaks down according to the type, application, and consumption area of Advanced Phase Change Materials (PCM). The report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Segmentation By Type:
Bio-based
Inorganic
Organic
Segmentation By Application:
Consumer goods
Refrigeration
Building & Construction
Others
Regional Analysis:
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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Significant Features and Key Highlights of the Reports:
– Detailed overview of Advanced Phase Change Materials (PCM) Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments
– Competitive landscape of Advanced Phase Change Materials (PCM) Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth.
Key questions answered:
- Who are the Leading key players and what are their Key Business plans in the Global Advanced Phase Change Materials (PCM) market?
- What are the key concerns of the five forces analysis of the Global Advanced Phase Change Materials (PCM) market?
- What are different prospects and threats faced by the dealers in the Global Advanced Phase Change Materials (PCM) market?
- What are the strengths and weaknesses of the key vendors?
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