Press release
Phase Change Material Market to reach USD 4779.06 Mn. by 2029, emerging at a CAGR of 15.8 percent and forecast 2023-2029
Phase Change Material Market
The comprehensive report explores the dynamic landscape of PCM, elucidating its significance as a substance releasing/absorbing energy during phase transitions. With applications spanning across diverse industries such as building and construction, packaging, HVAC, refrigeration, electronics, and textiles, PCM emerges as a key player in enhancing energy efficiency and reducing greenhouse gas emissions.
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Phase Change Material Market Research Methodology
The research methodology employed ensures a thorough analysis of market trends, drivers, and restraints. The report utilizes a combination of quantitative and qualitative approaches, providing valuable insights into the factors propelling the market forward and potential challenges.
What are Phase Change Material Market Dynamics:
The rising demand for PCM stems from an increased awareness of the imperative to reduce greenhouse gas emissions, stringent building regulations, and a growing inclination toward renewable energy sources. The building and construction industries play a pivotal role in driving market growth, with PCM addressing temperature regulation needs and minimizing strain on heating and cooling systems.
Phase Change Material Market Regional Insights:
Dominating the market, Europe is set to maintain its stronghold owing to significant demand from building and construction applications and stringent government regulations on carbon emissions. The region's economic development and focus on energy-efficient buildings contribute to the growing need for PCM. Holding a significant market share, Asia-Pacific is expected to grow at a CAGR of 15.2%. China, with its thriving pharmaceutical and electronics sectors, stands out as a key contributor. The region's focus on energy-efficient buildings and the rising demand for gadgets further fuel PCM adoption. The market in North America is driven by factors such as high-value pharmaceuticals, vaccination transportation, healthcare awareness, high per capita healthcare spending, and the region's robust GDP.
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What is Phase Change Material Market Segmentation:
by Type
Inorganic
Organic
by Application
HVAC
Cold Chain & Packaging
Thermal Energy Storage
Electronics
Textile
Building & Construction
Refrigeration & Equipment
Others
by Form
Encapsulated
Non-Encapsulated
by Encapsulation Technology
Macro
Micro
Molecular
Who are Phase Change Material Market Key Players:
1. Cold Chain Technologies, Inc.
2. Croda International Plc.
3. Microtek Laboratories Inc.
4. Sasol Limited
5. PureTemp LLC.
6. Henkel AG & Company KGAA
7. Outlast Technologies LLC.
8. Advansa B.V.
9. AI Technology Inc.
10.Climator Sweden AB
11.Ciat Group
12.Honeywell Electronic Materials, Inc.
13.Phase Change Materials Products Ltd.
14.Rubitherm Technologies GmbH
15.Teappcm
16.BASF SE
17.SGL Group
18.Salca BV
19.Rubitherm Technologies GmbH
20.Pluss Advanced Technologies Pvt. Ltd.
21.RGEES, LLC.
22.Outlast Technologies LLC.
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The table of contents for the Phase Change Material Market includes:
Global Phase Change Material Market: Research Methodology
Global Phase Change Material Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
Global Phase Change Material Market: Competitive Analysis
MMR Competition Matrix
Market Structure by Region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4. Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size, and Forecast by Different Segments | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by Region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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