Press release
Innovative formulae to re-structure the growth of theAdvanced Phase Change Material Market between 2019 to 2029 at a CAGR of 15 %
The global sales of advanced phase change materials (APCM) reached ~US$ 1.5 Bn in 2018, as projected by a recent research study on the advanced phase change materials market by Persistence Market Research (PMR). According to the report, the advanced phase change materials market is anticipated to grow at ~15% CAGR during the forecast period. Increasing prevalence of green construction and rising demand for thermal efficient solutions will drive the advanced phase change materials market.As per the PMR analysis, efficient thermal insulation products for commercial refrigeration and energy storage is driving the demand for advanced phase change materials. Furthermore, the stringent codes and regulations employed by governments and environmental organizations for energy efficient buildings & construction is leading to the evolution of advanced phase change materials market. The global advanced phase change materials market is estimated to reach ~US$ 1.5 Bn towards the end of 2019, as indicated by the PMR report.
To remain 'ahead' of your competitors, request for a samples@ https://www.persistencemarketresearch.com/samples/2786
advanced phase change materials market
Demand in 'Green' Building and Construction Projects on Rise
Building & construction is a prominent application area for advanced phase change materials. In residential & commercial constructions, phase change materials find a wide range of applications, since they play a key role in preventing temperature fluctuations. A growing number of green construction activities has surged the demand for energy-efficient materials.
According to the PMR study, prominent players in the advanced phase change materials market are offering a variety of products with innovative properties at a competitive cost. Rising environmental awareness, increased implementation of stringent regulations, and increasing government initiatives for the development of eco-friendly solutions have augmented the demand for bio-based materials derived from vegetable oils and other natural sources which are being used as advanced phase change materials.
Moreover, many of the market players have invested widely in R&D activities for continuous development of new and innovative products. Also, the shifting trend towards bio-based products is catalyzing R&D activities. Growing R&D activities are also expected to lead to the development of application-specific solutions, which in turn will escalate the demand for tailor-made products, which spurs the demand for advanced phase change materials.
To connect with our sales representative@ sales@persistencemarketresearch.com
Low-Cost Bio-Based APCMs - Key Pillar for Future Growth
Fluctuating prices of oil and fossil fuels, depleting reserves, and growing concerns about global warming are creating demand for eco-friendly solutions. Moreover, the increasing number of green construction activities owing to growing environmental awareness is also augmenting the demand of advanced phase change materials. Organic APCMs are expected to enjoy high demand as paraffin-based PCMs & fatty acid-based advanced phase change materials have wide applications in building & construction, commercial refrigeration, and HVAC sectors. Organic PCMs are thus expected to dominate the advanced phase change materials market over the forecast period. Rising environmental awareness, increased emphasis on sustainable development, and multiple government regulations are increasing the demand for bio-based phase change materials.Bio-based advanced phase change materials are expected to witness lucrative growth during the forecast period.
Manufacturers Inclined Towards R&D, Innovation, and New Launches
PMR's study also delivers a detailed study of competition scenario in the Advanced phase change materials market and distinguishing strategies of key market players. Some of the key players in the market are BASF SE, Sasol Limited, Croda International PLC, Honeywell International Inc., Henkel AG & Co. KGaA, and DuPont de Nemours, Inc. among others.
Besides this, some of the noteworthy players in the Advanced phase change materials market have adopted forward integration strategies related to product development and encapsulation. Many of the market players are adopting organic growth strategies such as innovative product launches and remarkable development in R&D to expand their product portfolio and advancement of their products in terms technical aspects. Moreover, government initiatives promoting green construction are also encouraging small and medium scale manufacturers to enter the advanced phase change materialss market.
For in-depth competitive analysis, buy now@ https://www.persistencemarketresearch.com/checkout/2786
Persistence Market Research
Address - 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. - +1-646-568-7751
USA-Canada Toll-free - +1 800-961-0353
Sales - sales@persistencemarketresearch.com
About us:
Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers' experience by acting as the "missing" link between "customer relationships" and "business outcomes'. The best possible returns are assured therein.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Innovative formulae to re-structure the growth of theAdvanced Phase Change Material Market between 2019 to 2029 at a CAGR of 15 % here
News-ID: 2607113 • Views: …
More Releases from Persistence Market Research
Deodorant Stick Market Set to Reach US$6.8 billion by 2033 Amid Rising Hygiene A …
Introduction
The global deodorant stick market has witnessed consistent growth over the past decade, driven by increasing consumer awareness regarding personal hygiene, rising disposable incomes, and evolving grooming habits across both developed and emerging economies. Deodorant sticks, known for their ease of application, portability, and long-lasting odor protection, have become a preferred choice among consumers seeking convenient and effective personal care solutions. Unlike sprays or roll-ons, deodorant sticks offer precise application,…
Personalized Stationery Market Set to Reach US$31.9 billion by 2033 Amid Rising …
Introduction
The global personalized stationery market has witnessed consistent growth over the past decade, driven by rising consumer preference for customized products, increasing gifting culture, and the expanding influence of personal branding across professional and academic environments. Personalized stationery-including notebooks, planners, greeting cards, invitations, business cards, envelopes, and writing accessories-offers consumers a unique way to express identity, creativity, and professionalism.
➤ Download Your Free Sample & Explore Key Insights: https://www.persistencemarketresearch.com/samples/16516
With the growing…
In-Mold Coating Market Outlook: US$255.9 Mn in 2025 Driven by Automotive Demand …
Introduction to the In-Mold Coating Market
The In-Mold Coating market is gaining steady traction as manufacturers increasingly seek advanced surface finishing solutions that improve aesthetics, durability, and production efficiency. In-mold coatings are applied directly inside the mold during the molding process, eliminating secondary painting or finishing steps. This not only reduces manufacturing time and cost but also ensures uniform coating thickness, superior surface quality, and enhanced resistance to chemicals, UV radiation,…
Aquarium Accessories Market Set to Reach US$ 7.3 Bn by 2033 Amid Rising Aquascap …
Introduction
The global aquarium accessories market has been experiencing consistent growth, supported by rising interest in ornamental fish keeping, increasing urbanization, and the growing trend of aquascaping as a lifestyle hobby. Aquarium accessories-such as filtration systems, lighting solutions, heaters, aerators, substrates, decorative elements, water conditioners, and monitoring equipment-play a critical role in maintaining healthy aquatic ecosystems for both freshwater and marine environments. These products not only ensure optimal water quality and…
More Releases for PMR
Starch Derivatives Market Outlook by 2021 : PMR
Starch derivatives, also known as modified starch, are prepared by enzymatically, physically or chemically treating native starch to alter its properties. Starch derivatives are used in a number of industries for various functions. They are used as thickeners and stabilizers in the food and beverage industry, as a tablet binder in the pharmaceutical industry, as an emulsifier in cosmetics, and fiber additive in the animal feed. Some of the other…
Yeast Ingredients Market Outlook by 2021 : PMR
Yeasts are chemoorganotrophs, as they use organic compounds to source energy and do not require sunlight for growth or survival. Yeasts are usually unicellular; although some species may be multi-cellular. The size of yeast depends on the species. Yeasts usually measure 3 to 4 µm in diameter. However, certain yeasts reach up to 40 µm in diameter. Yeasts reproduce asexually through mitosis (a process, in which, the chromosomes in a…
Confectionery Market Outlook by 2021 : PMR
The confectionery market is one of the growing sectors globally . Usually, confections are low in nutrients and high in calorie. Sugar-free confections are gaining popularity in the recent years due to factors such as increasing obesity rate, increasing number of diabetic patients, increasing nutritional and health concerns, and changing lifestyle. The confectionery market can be primarily divided into two broad categories: sugar confectionery and bakers’ confectionery . Sugar confectionery…
Cereal Bars Market Outlook by 2021 : PMR
A cereal bar is made up of nuts, oats, sugar, dry fruits, flour, honey, wheat, corn, and puffed rice. Cereal bars have always been perceived as on-the-go breakfast snack items that are healthier alternatives of chocolate and other snacks. Cereal bars are high in fiber and protein and low in carbohydrates, vitamins, minerals, sodium, and antioxidants. They come in various flavors such as chocolate, peanut butter, banana, caramel, banana, honey,…
Functional Flours Market Share by 2026 : PMR
The natural flours used for specialty applications in the food industry and undergoes different treatment process to improve their properties are called functional flours. The various properties of functional flours include cold binding capacity, thermal binding capacity, machinability, dough hydration etc. The functional flours are classified as waxy, multi-benefit, instant and granulated type depending on its features. They undergo different physical and nutritional treatment to enhance its features. In dietary…
Global Ceilings Market Snapshot by 2020 : PMR
Ceiling is overhead interior portion within the room which covers the upper portion of the room. Main purpose of ceiling is to achieve the desired height of the roof in the room. Ceilings are frequently decorated with attractive paintings, mosaic tiles and other different designs. Major advantage of decorated ceiling is that it gets protected from damage by fingers and dust. There are certain ceilings which are fire resistance; dropping…
