Press release
Phase Change Material Market to Witness Huge Growth by Key Players: Cold Chain Technologies Inc, Croda International Plc, PureTemp LLC, Climator Sweden AB, Sasol Limited
Global Phase Change Material Market 2022-2026, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.Download FREE Sample Research Report of Phase Change Material Market @ https://www.reportsnreports.com/contacts/requestsample.aspx?name=1110386
The phase change material market is estimated to grow to USD 1,004 million by 2026 from USD 477 million in 2021, at a CAGR of 16.0%.Global warming and changing climate patterns are major environmental concerns. The European Union (EU) planned to reduce greenhouse gas emissions by 20% by 2020 and by 40% by 2030, with new environment-friendly technologies being required to achieve this objective.
The report provides a comprehensive analysis of company profiles listed below:
• Cold Chain Technologies Inc. (US)
• Croda International Plc. (UK)
• Microtek Laboratories Inc. (US)
• Sasol Limited (South Africa)
• PureTemp LLC. (US)
• Henkel AG & Company KGAA (Germany)
• Outlast Technologies LLC (US)
• Climator Sweden AB (Sweden)
"Inorganic expected to be the largest phase change material type of the phase change material market, in terms of value, between 2021 and 2026"
By type, the phase change material market is segmented into inorganic, and organic. Phase change material stores energy as latent heat, in contrast to materials that store energy as sensible heat or chemical energy. Inorganic accounted for the larger share of the global phase change material market in 2020 in terms of value. Rising demand for class-A fire rating phase change material in the country, accompanied by its increasing use in applications such as cold chain & packaging, and refrigeration & equipment drives the demand for inorganic phase change materials.
"Government initiatives for construction of green buildings to drive the demand for phase change materials in the Europe."
Europe was the largest market for phase change material in terms of both, value and volume in 2020. Growth of the overall phase change material market in the region is driven majorly by demand from the building & construction application and stringent government regulations regarding carbon emissions. The initiatives of governments for the construction of green buildings boosted market growth as phase change material helps in saving carbon credits allotted to each building. The cost of energy is also high in Europe, which drives demand for phase change material in the region.
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Competitive Landscape of Phase Change Material Market:
1 Introduction
2 Strategies Adopted By Key Players
2.1 Overview Of Strategies Adopted By Key Phase Change Material Manufacturers
3 Market Share Analysis
3.1 Ranking Of Key Market Players, 2020
3.2 Market Share Of Key Players
3.2.1 Puretemp Llc
3.2.2 Climator Sweden Ab
3.2.3 Croda International Plc.
3.3 Revenue Analysis Of Top Three Players
4 Company Product Footprint Analysis
5 Company Evaluation Quadrant (Tier 1)
5.1 Stars
5.2 Emerging Leaders
5.3 Participant
6 Start-Up/Smes Evaluation Quadrant
6.1 Progressive Companies
6.2 Responsive Companies
6.3 Starting Blocks
7 Competitive Situation And Trends
7.1 New Product Launches
7.2 Deals
7.3 Other Developments
Research Coverage:
This report segments the market for phase change material based type, application, and region, and provides estimations for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, associated with the market for phase change material.
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