Phase Change Material Market 2022 Boosting the Growth Worldwide | Climator Sweden AB, Microtek Laboratories Inc., Honeywell Electronic Materials Inc.

📌 Overview of the Phase Change Material Market:

A phase change material is a substance that releases or absorbs energy during a phase transition. These substances provide useful heat and cooling when they transition from their first two fundamental states of matter. Inorganic compounds do not contain much latent heat and are harmful to human health and the environment. While metals do not have the same latent heat capacity as inorganic compounds, they are suitable for high-temperature applications. Other types of phase change materials are eutectic, which means that they are composed of two or more different components that melt together. When the two constituents are mixed together, they form a mixture of crystals that are similar to one another. This allows users to adjust the composition of the phase change material to meet their specifications.

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📌 Market Dynamics:

R&D of smart equipment is expected to propel growth of the global phase change material market over the forecast period. For instance, in January 2022, researchers from University of Pittsburgh reported development of a smart window design that would harvest the sun's energy in the winter to warm the house and reflect it in the summer to keep it cool. The film is made up of an optical stack of materials less than 300 nanometers thick, with a very thin active layer made of "phase change" materials.

Moreover, increasing adoption of phase change materials is also expected to propel growth of the global phase change material market over the forecast period. For instance, in January 2022, Mattress manufacturer Kingsdown announced to launch the Insignia collection, a six-model hybrid line, at the upcoming Las Vegas Market. Top tier models of the collection include a layer of phase change material to help regulate temperature.

📌 Key Takeaways:

Increasing adoption of phase change materials is expected to propel growth of the global phase change material market over the forecast period. For instance, at the 2022 CES technology show, BMW launched two new products: the 2023 iX M60 electric SUV with iX Flow. Based on the iX SUV, the Flow is wrapped in E Ink—the material used in the displays of e-readers like the Kindle—which allows it to change color in the blink of an eye.

📌 The Leading Players involved in the global Phase Change Material market are:

❖ Climator Sweden AB (Sweden)
❖ Microtek Laboratories Inc. (US)
❖ Honeywell Electronic Materials Inc. (US)
❖ Laird Plc (UK)
❖ Sasol Limited (South Africa)
❖ Croda International Plc. (UK)
❖ Entropy Solutions LLC (US)
❖ Pluss Advanced Technologies Pvt. Ltd. (India)
❖ Phase Change Energy Solutions Inc. (US)

📌 The Study Explore the Product/Types of the Market:

❖ Organic
❖ Inorganic

📌 Key Applications/End-users of the Market:

❖ Building & Construction
❖ HVAC
❖ Cold Chain & Packaging
❖ Thermal Energy Storage
❖ Textile
❖ Electronics

📌 Regions/Country Included are:

❖ The Middle East and Africa (Turkey, GCC Countries, Egypt, South Africa)
❖ North America( United States, Mexico, and Canada)
❖ South America (Brazil, etc.)
❖ Europe (Germany, Russia, UK, Italy, France, etc.)
❖ Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)

In the latest industry analysis by Stratagem Market Insights (SMI), the growth of the Phase Change Material market is projected to expand at a driving CAGR through 2028 as the global market grows gradually recovers. The report aims to provide insight into hidden growth opportunities and challenges. It also provides recommendations for businesses to prepare for unexpected problems. This newly published insightful report sheds light on the market insights of the Phase Change Material, its key dynamics, its impact across the value chain from suppliers/service providers to end-users, and the growth of the Phase Change Material market.

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The study provides pragmatic and valuable market insights into the Phase Change Material. Additionally, the latest report offers details on the current scenario of the market across different regions along with historical data and forecasts (2022-2028) of the market. The report also includes information on sales and demand for the Phase Change Material market across various industries and regions.

The research conducted by SMI provides exclusive information on how the market is growing. The study identifies essential trends determining the growth of the Phase Change Material market. This newly published report sheds light on vital dynamics such as drivers, restraints, and opportunities of leading market players as well as emerging players associated with the production/services and supply.

📌 Report Benefits & Key Questions Answered:

✔ Phase Change Material Market Companies and Share Analysis: The report offers a detailed Phase Change Material market share analysis to estimate the market proportions covered by Tier 1, Tier 2, and Tier3 companies.

✔ Phase Change Material Market Historical Volume Analysis: The report provides a comparative analysis of the Phase Change Material's historical sales and 2022-2028 forecasted sales performance.

✔ Phase Change Material market Category and Segment Level Analysis: SMI provides a comprehensive analysis of the factors enabling revenue growth across key segments. It highlights key growth drivers and provides valuable information to understand sales prospects at local and regional levels.

✔ Phase Change Material Consumption by Demographics: The report studies consumer behavior and consumption patterns to provide informed recommendations. Demographic analysis is intended to help businesses better understand consumer preferences and design products/services and market strategies around them.

✔ Post-COVID Consumer Spending for Phase Change Material: Market research carefully examines consumer spending behavior post-COVID-19. It measures how general trends influence their behavior and subsequently their spending power.

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📌 Reasons why you should buy this report:

➥ Understand the Current and future of the Phase Change Material Market in both Established and emerging markets.
➥ The report assists in relocating the business strategies by accentuating the Phase Change Material business priorities.
➥ The report throws light on the segment anticipated to dominate the Phase Change Material industry and market.
➥ Forecasts the regions expected to perceive ascension.
➥ The newest developments within the Phase Change Material industry and details of the industry leaders alongside their market share and methods.
➥ Saves time on the entry-level research as the report contains significant data concentrating growth, size, key players, and segments of the industry.
➥ Save time carrying out entry-level research by characterizing the growth, size, major players, and segments within the Global Market.

In addition, the following years are taken into account for the study:
Historic year - 2015-2020
Base year - 2021
Forecast period ** - 2022-2028 [** unless otherwise stated]

** It also includes a detailed analysis of the competitive landscape, the opportunities available in the micro-market that stakeholders can invest in, and the product services of key players.

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About Us:

Stratagem Market Insights is a management consulting organization providing market intelligence and consulting services worldwide. We bring the expertise of consultants with a cumulative industry experience of more than 70 years. The firm has been providing quantified B2B research and currently offers services to over 350+ customers worldwide.

This release was published on openPR.