Phase Change Materials Market 2021-2027 Top Trends, Business Opportunity And Growth Strategy

Precision Business Insights published a research report on "Phase Change Materials Market By Product (Eutectics, Paraffin, Salt Hydrates Non-Paraffin) By End-user Sector (Textiles, Aerospace & Automotive & Construction, HVAC, Chemical, Healthcare) - Global/Region/Country Forecast to 2027".

Phase change materials vary between liquid and solid states, storing, releasing, and absorbing heat. Because they can store substantial quantities of thermal energy as latent heat throughout phase transition, they are also referred as latent heat storage materials. The global phase change materials (PCMs) market will be driven primarily by the building and packaging industries' increasing growth. PCMs are utilized in a variety of applications in the construction sector, including solar water heating, waste heat recovery systems and room heating/cooling.

View detailed report description here https://precisionbusinessinsights.com/market-reports/global-phase-change-materials-market/

The market for phase change materials will be driven by stricter rules for energy efficient building and a greater emphasis on energy conservation and development. In addition, the need for advanced phase change materials is expected to rise as the demand for efficient thermal insulation materials in HVAC applications and commercial refrigeration. Furthermore, the increased emphasis on green construction and energy conservation has increased the demand for highly effective and productive construction materials, resulting in the use of advanced phase change materials in a variety of applications also including underfloor electric heating systems, PCM filled glass windows, and thermally efficient concrete, among others. The advancement of the advanced phase change material market is predicted to be driven by the rise of the building and construction sector. In today's world, temperature-controlled packaging is critical in a variety of industries, including food and beverage, pharmaceutical, bio-medical, and others. The demand for effective cold storage and transportation has expanded as a result of rapid industrialization. The market for phase change materials is being fueled by rising demand for effective temperature-controlling materials.

The market is fragmented by Product Type which is further divided into Inorganic, Organic, and Bio-based. On the basis of Encapsulation Technology, the market is segregated into Micro, Macro, and Molecular. In terms of End-user Industry, the market is classified into Packaging, Building and Construction, Electronics, Textiles, Transportation, and Other End-user Industries.

In the Asia-Pacific region, China has the largest market share. Increased demand from end-user sectors such as building construction, packaging, material, electronics, and automotive is driving the market. On the other hand, during the projection period, Europe is projected to be the largest market for phase change materials. The prominence of Europe in the global PCM market is due to rigorous regulations surrounding the use and handling of temperature-sensitive commodities, the implementation of severe building codes, and European Union regulations to promote building efficiency.

Request sample report https://precisionbusinessinsights.com/request-sample?product_id=46293

some of the major players key players in the global phase change materials market, which include Phase Change Products Pty Ltd, Henkel, Cryopak, BASF SE, Entropy Solutions LLC, Laird Plc, Sasol The Dow Chemical Company, Croda International Plc.

Contact:
Mr. Satya
Precision Business InsightsTM | Toll Free: +1 866 598 1553
Email: sales@precisionbusinessinsights.com
Kemp House, 152 – 160 City Road, London EC1V 2NX
Web: https://precisionbusinessinsights.com/ | D U N S® Number: 85278174

About Precision Business Insights:
We are a market research company that strives to provide the highest quality market research insights. Our diverse market research experts are enthusiastic about market research and therefore produce high-quality research reports. We have over 500 clients with whom we have a good business partnership and capacity to provide in-depth research analysis for more than 30 countries. In addition to deliver more than 150 custom solutions, we already have accounts with the top five medical device manufacturers.

Precision Business Insights offers a variety of cost-effective and customized research services to meet particular research requirements. We are a leading research service provider because of our extensive database built by our experts and the services we provide.

This release was published on openPR.