Press release
Salt Hydrates Market is expanding at a CAGR of 10.1% over the forecast period 2023-2033 | PMR
The global Salt Hydrate market is estimated to have been valued at 49,445.6 '000 US$ at 2023 end and is expected to reach 115,136.1 '000 US$ by the end of 2026 while expanding at a CAGR of 10.1% over the forecast period. The global Salt Hydrate market is anticipated to represent incremental opportunity of 61,283.5 '000 US$ between 2023 and 2026.
The study uses 2023 as the base year with estimated market values for 2023 and a forecast developed for the period 2023-2026. Compound Average Growth Rate (CAGR) is shown from 2023 to 2026. The study encompasses the value chain analysis, salt hydrate market dynamics, industry growth analysis along with the segment level forecast in a comprehensive manner. According to the industry experts and the outcome of the report, the global Salt Hydrate Market is anticipated to grow at CAGR 10.1% in value between 2023-2026. The introduction of strict environmental regulations regarding energy storage in the construction industry are the key factors which are positively affecting the Salt Hydrate in the global market
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Salt Hydrate Persistence Market Research report analyzes the market at a regional and global level through market segmentation on the basis of end-use industry. The main objective of the report is to suitably provide the reader or various stakeholders in the Salt Hydrate market key insights into current trends, competitive positioning, growth rates, market potential and other pertinent information and statistics.
Salt hydrate consists of inorganic salts and water. The most commonly used salt hydrates include sodium sulfate decahydrate, magnesium chloride hexahydrate, dodecahydrate, etc.
Construction and pharmaceutical industries are the main consumers of salt hydrate.
The report is structured to allow the reader to develop a thorough understanding of the Salt Hydrate market. It starts with Salt Hydrates market definition followed by market taxonomy, market background and market dynamics, along with analysis of the market by key segments, regional market analysis and competitive assessment. Each section of the report includes a quantitative as well as qualitative assessment of the Salt Hydrate market based on historical developments, facts, key opinions gathered through interviews of the market participants, and trends in the Salt Hydrate market.
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Examples of some of the major competitors covered within the Salt Hydrate market report are
• Salca BV
• Phase Change Products Pty Ltd
• PCM Products Ltd.
• Rubitherm Technologies GmbH
• RGEES, LLC
• Pluss Advanced Technologies Pvt. Ltd.
• Climator Sweden AB and others.
Salt Hydrate Market: Segmentation
The global salt hydrate market is segmented on the basis of end-use industry and region.
Based on end-use industry, the global salt hydrate market is in
• Pharmaceuticals
• Construction
• Food and drink
• Other (textile, electronics, etc.) subdivided.)
Based on region, the global salt hydrate market is in
• North America
• Latin America
• Europe
• China
• Southeast Asia Pacific,
• Middle East
• Africa
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The Salt Hydrate Market Analysis section of the report includes weighted average price analysis and market forecasts for each segment, including market share analysis, year-on-year growth trends, market attractiveness analysis, market share analysis, and incremental $ opportunity evaluation. This section analyzes how global drivers are affecting and influencing this market in each region.
Major sources referred to to determine the size of the global Salt Hydrate Market include:
Salt Hydrate Manufacturers, Suppliers, End Users, Industry Associations &Trade Experts, along with the secondary documents available through public domain, paid databases, and the internal PMR data repository.
Table of Content of this Report:
• Salt Hydrate Market Overview and Analysis [ Market Size | Market Y-o-Y Growth | Market Dynamics]
• Salt Hydrate Market Overview and Analysis [ Supply Chain | Cost Structure | Pricing Analysis | Raw Material Sourcing Strategy and Analysis | List of Distributors]
• Global Salt Hydrate Market Analysis and Forecast By Product Type
• Global Salt Hydrate Market Analysis and Forecast By Application Type
• Global Salt Hydrate Market Analysis and Forecast By Region [ Europe | North America | APAC | Middle East and Africa]
• Global Salt Hydrate Market Company Share, Competition Landscape and Company Profiles
• Research Methodology
• Secondary and Primary Sources
• Assumptions and Acronyms
In order to offer an accurate market, forecast, the proprietary PMR regression analysis forecast model was then used to derive the market estimate for forecast years, which takes into account the impact of certain direct and macroeconomic factors impacting the global and regional target market. The relevant opinions of the key key respondents for specific segments and regions are also considered for segment-level forecast of market size and dynamics.
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The Chemicals and Materials division of Persistence Market Research offers distinct and pin-point analysis about chemicals and materials industry. Chemical coverage extends from commodity, bulk, specialty and petrochemicals to advanced materials, composites and nanotechnology in particular with special emphasis on 'green alternatives', recycling and renewable technology developments, supply-demand-trade assessment. Our research studies are widely referred by chemical manufacturers, research institutions, channel partners and government bodies for developing - 'The Way Forward'.
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