Phase Change Material (PCM) Market Anticipates Steady Growth with a 6.2% CAGR Through 2024-2030

LOS ANGELES, United States: The report offers an all-inclusive and accurate research study on the Global Phase Change Material (PCM) Market while chiefly focusing on current and historical market scenarios. Stakeholders, market players, investors, and other market participants can significantly benefit from the thorough market analysis provided in the report. The authors of the Phase Change Material (PCM) report have compiled a detailed study on crucial market dynamics, including growth drivers, restraints, and opportunities. This study will help market participants to get a good understanding of future development of the global Phase Change Material (PCM) market. The report also focuses on market taxonomy, regional analysis, opportunity assessment, and vendor analysis to help with comprehensive evaluation of the global Phase Change Material (PCM) market.

The global market for Phase Change Material (PCM) was estimated to be worth US$ 1184 million in 2023 and is forecast to a readjusted size of US$ 1884 million by 2030 with a CAGR of 6.2% during the forecast period 2024-2030.

Click to View the Full Phase Change Material (PCM) Report TOC, Figure and Tables: https://www.qyresearch.com/sample/3409986

Key players operating in the Phase Change Material market are Henkel AG & Company, Honeywell, Croda International, Sasol Germany GmbH, Microtek Laboratories Inc, etc. Top 5 companies accouted for a combined market share about 42% of the world total. Henkel AG & Company, with a share of 17%, was the largest manufacturer among those companies. Europe is now the world's biggest producer and largest exporter of Phase Change Material, with approximately 31% of the global share.

The drivers of the phase change material market mainly include the following aspects:

Policy and regulatory drive

Greenhouse gas emission reduction regulations:

As the world's attention to greenhouse gas emissions continues to increase, governments have introduced relevant regulations to limit carbon emissions. Phase change materials have become one of the important materials that meet these regulatory requirements due to their unique advantages in energy saving and emission reduction.

For example, strict carbon emission regulations in Europe have driven the growth of demand for phase change materials in construction and building applications.

Green building policy:

The government promotes the development of green buildings and encourages the use of energy-saving and environmentally friendly materials and technologies. Phase change materials have become an indispensable part of green buildings due to their efficient thermal energy storage and release capabilities.

For example, Furmo's investment and development in smart and green building projects has driven the growth of the phase change material market.

The competitive analysis included in the report helps readers to become aware of unique characteristics of the vendor landscape and crucial factors impacting the market competition. It is a very important tool that players need to have in their arsenal for cementing a position of strength in the global Phase Change Material (PCM) market. Using this report, players can use effective business tactics to attract customers and improve their growth in the global Phase Change Material (PCM) market. The study provides significant details about the competitive landscape and allows players to prepare for future challenges beforehand.

Key Manufacturers Operating in the Global Phase Change Material (PCM) Market are:

Henkel AG & Company, Honeywell, Croda International, Sasol Germany GmbH, Microtek Laboratories Inc, DuPont and Dow, Parker, Laird PLC, Phase Change Energy Solutions, Cryopak, SGL Carbon, Rubitherm Technologies GmbH, Cold Chain Technologies, Inc, PLUSS Advanced Technologies, Outlast Technologies

Each segment of the global Phase Change Material (PCM) market is extensively evaluated in the research study. The segmental analysis offered in the report pinpoints key opportunities available in the global Phase Change Material (PCM) market through leading segments. The regional study of the global Phase Change Material (PCM) market included in the report helps readers to gain sound understanding of the development of different geographical markets in recent years and also going forth. We have provided a detailed study on critical dynamics of the global Phase Change Material (PCM) market, which include market influence and market effect factors, drivers, challenges, restraints, trends, and prospects. The research study also includes other types of analysis such as qualitative and quantitative.

Details of Phase Change Material (PCM) Market Segmentation: -

Segment by Type:

Organic
Inorganic
Bio-based

Segment by Application:

Building & Construction
Refrigeration & Logistics
Textile
Electronics
Others

Regional Market Analysis

This is one of the most valuable portions of the research study that helps readers to gain a quick understanding of the advancement of the global Phase Change Material (PCM) market in different parts of the world. The regional analysis provided in the report can be a powerful tool that market players can use to increase their presence in the global Phase Change Material (PCM) market. Each geographical market studied in the report is analyzed on the basis of crucial factors such as gross margin, market share, production, price, consumption, and CAGR.

Segment by Region:

North America
Europe
Asia Pacific
South America
Middle East and Africa

Data Collection Matrix

We looked for primary and secondary sources from both the supply and demand sides of the global Phase Change Material (PCM) market for collecting data and information to prepare this encyclopedic research study. From the supply side, our primary sources were technology distributors and wholesalers and manufacturers, whereas our secondary sources were economic and demographic data reports, independent investigations, government publications, and company publications and reports. From the demand side, we relied on mystery shopping, consumer surveys, and end-user surveys for primary research and reference customers and case studies for secondary research.

Market Forecasting

For long-term market forecasting, our researchers used technological market models, whereas econometric models were used for short-term market forecasting. These models are basically based on an amalgamation of studies related to business principles, economic outlook, regulatory frameworks, and technology landscape. We used a bottom-up approach for market estimation to ensure minimum errors. Use of a bottom-up approach is also critical for providing a deep understanding of the concerned industry.

We considered the following parameters for market forecasting. The market impact of these parameters was quantified and assigned weights to with the help of weighted average analysis.

(1) Current capacity and expected capacity additions up to 2030

(2) Expected developments and regulatory scenarios

(3) Supply versus price trends and raw material scenarios

(4) Current and expected impact of market drivers and restraints

Competitive Analysis

Our researchers have taken into account significant aspects of the vendor landscape such as strategy framework, company market positioning, and competitive environment for providing detailed competitive analysis of the global Phase Change Material (PCM) market. For company profiling, they considered strategic initiatives, product benchmarking, and financial performance of players included for research study.

Report Highlights: -

(1) Comprehensive pricing analysis on the basis of product, application, and regional segments

(2) Detailed assessment of the vendor landscape and leading companies to help understand the level of competition in the global Phase Change Material (PCM) market

(3) Deep insights about regulatory and investment scenarios of the global Phase Change Material (PCM) market

(4) Analysis of market effect factors and their impact on the forecast and outlook of the global Phase Change Material (PCM) market

(5) A roadmap of growth opportunities available in the global Phase Change Material (PCM) market with the identification of key factors

(6) Exhaustive analysis of various trends of the global Phase Change Material (PCM) market to help identify market developments

The research study will help you to take out the uncertainty hindering your decision-making process. We provide all-encompassing shipment and production analysis as our analysts track products sold in the global Phase Change Material (PCM) market, right from their point of origin to end-user purchase. Our analysts are also experts in following latest developments of the global Phase Change Material (PCM) market that could have an effect on the production volumes of products and raw materials in different regions or countries. Our granular-level tracking of the global Phase Change Material (PCM) market helps players to tap into unexplored markets and obtain great visibility to identify key growth opportunities.

Market share analysis is one of the most important research studies that easily helps you to rank players, segments, and regional markets according to their production, consumption, or percentage share. It shows you how different markets are competing and what will be their status or position in the coming years. It also assists you to determine the current and future global positioning of your business with regard to competition.

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Strategic Points Covered in TOC:

Chapter 1: Describes the global Phase Change Material (PCM) market introduction, scope, market overview, market risk, and market driving force

Chapter 2: Highlights the competitive situation among the top players with market share, revenue and sales in the Phase Change Material (PCM) market in 2024-2030

Chapter 3: Shows the global Phase Change Material (PCM) market by regions, with market share, revenue, and sales of Phase Change Material (PCM) market for each region, from 2024 to 2030

Chapter 4: Shows the global Phase Change Material (PCM) market by type and application, with sales revenue, market share and growth rate by type, application, from 2024-2030

Chapter 5,6,7,8: Analyzes the major regions, with sales, market share, and revenue of Phase Change Material (PCM) market by key countries in these regions

Chapter 9,10,11,12: Includes global Phase Change Material (PCM) market forecast, by type, application and by regions, with revenue and sales, from 2024 to 2030

Chapter 13, 14 and 15: Describe Phase Change Material (PCM) market sales channel. Distributors, traders, data source, appendix, and research and findings

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