Global Phase Change Materials Market Size, Application, CAGR Analysis, Growth Factors, Sales, Supply And Future Forecast To 2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per the phase change materials market report by The Business Research Company, The growing construction industry across the globe is contributing to the growth of the phase change materials market in the forecast period. The phase change materials are used in a variety of places during the construction of a building, such as roofs, floors, and electrical appliances, and they are also used to reduce temperature fluctuations in the internal environment by storing latent heat while material transitions from solid to liquid.

The global phase change materials market size grew from $1.29 billion in 2022 to $1.57 billion in 2023 at a compound annual growth rate (CAGR) of 21.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The phase change materials market size is expected to grow to $2.92 billion in 2027 at a CAGR of 16.8%.

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https://www.thebusinessresearchcompany.com/report/phase-change-materials-global-market-report

Major competitors in the phase change materials market include Honeywell Electronic Materials Inc., Microtek Laboratories, Croda International, Sasol, Henkel, Climator, PCM Products, Phase Change Energy Solutions, Rubitherm Technologies, Cryopak, Outlast Technologies, Dupont, Dow Chemical Company, BASF, Puretemp, Pluss Advanced Technologies, and Cold Chain Technologies

The phase change materials market is segmented -
1) By Type: Organic, Inorganic, Bio-based
2) By Encapsulation Technology: Macro, Micro, Molecular
3) By Product: Paraffin, Non-Paraffin, Salt Hydrates, Eutectics
4) By End-User: Building and Construction, Packaging, Textiles, Electronics, Transportation, Other End-Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the phase change materials market.

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Phase-change materials refer to a class of substances that, while changing from one physical state to another, such as from a solid to a liquid, absorb or release significant amounts of latent heat. Phase change materials are also known as latent heat storage units, commonly used in solar power plants, waste heat recovery systems, preservation of food, pharmaceutical products, and construction.

The Table Of Content For The Phase change materials market Include:
1. Executive Summary
2. Phase Change Materials Market Characteristics
3. Phase Change Materials Market Trends And Strategies
4. Phase Change Materials Market - Macro Economic Scenario
5. Phase Change Materials Market Size And Growth
......
26. Africa Phase Change Materials Market
27. Phase Change Materials Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Phase Change Materials Market
29. Phase Change Materials Market Future Outlook and Potential Analysis
30. Appendix

The "Global Phase change materials market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.

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