Press release
Phase Change Materials Market is Forecasted to Reach US$ 1548.32 Million in 2028, Says Stratview Research
Stratview Research, a global market research firm has launched a report on the global phase change materials market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.
Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/564/phase-change-materials-market.html#form
Report Highlights:
Market Size in 2028: US$ 1548.32 million
Growth (CAGR): 17.24% during 2022-2028
Forecast Period: 2022-2028
Trend Period: 2016-2020
Base Year: 2021
Number of Segments Covered: 4
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20
Segment Insights on the Phase Change Materials Market:
The global phase change materials market is segmented based on type, application type, encapsulation technology type, and region.
Based on type - The market is segmented as inorganic PCM, organic PCM, and bio-based PCM. Inorganic PCM is expected to lead the market during the forecast period. The inorganic PCM segment is driven due to its good thermal conductivity, high latent heat of fusion, non-flammability, and low cost. Inorganic PCMs are extensively used in thermal energy storage, HVAC, cold chain & packaging, and refrigeration & equipment.
Based on application type - The phase change materials market is segmented into building & construction, HVAC, cold chain & packaging, thermal energy storage, refrigeration & equipment, electronics, textiles, and others. The building & construction segment is expected to remain the largest segment during the forecast period. The Building & Construction segment is driven due to stringent regulations towards greenhouse gas emissions and increased investment in low-carbon buildings, especially in North America and Europe.
To know the most attractive segments, click here:
https://www.stratviewresearch.com/564/phase-change-materials-market.html
Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests that Europe is expected to remain the largest market for phase change materials during the forecast period. This growth outlook is majorly attributed to the following-
• Stringent regulation regarding the usage and handling of temperature-sensitive goods, the implementation of strict building codes, and the European Union directives to improve efficiency in buildings are the major factors that have led to the dominance of Europe in the global market.
Phase Change Materials Market Drivers:
Some of the key drivers listed in the report are given below.
• There is strong demand from end-use industries such as building & construction, HVAC, cold chain & packaging, thermal energy storage, refrigeration & equipment, electronics, textiles, and others.
• Phase change material holds the unique feature that it can store and release a large amount of energy/heat while maintaining a constant temperature and hence, is used to conserve energy, reduce operating costs, and provide temperature security.
Top Companies in the Phase Change Materials Market:
Stratview Research has identified the following companies as the top market players.
• Honeywell Electronic Materials, Inc.
• Laird PLC.
• Sasol Limited
• Croda International PLC.
• Entropy Solutions LLC
• Microtek Laboratories Inc.
• Pluss Advanced Technologies Pvt. Ltd.
• Phase Change Energy Solutions Inc.
• Rubitherm Technologies GmbH
• Phase Change Materials Products Ltd.
• Outlast Technologies LLC.
• Henkel AG & Company
• KGaA
• Cold Chain Technologies, Inc.
What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Phase Change Materials Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?
For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com
Related Reports:
• Thermal Energy Storage Market: https://www.stratviewresearch.com/1946/thermal-energy-storage-market.html
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About Us:
Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.
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