#Paraffin-based PCMs

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Understanding Organic Phase Change Materials: Properties and Applications

In the quest for energy efficiency and sustainable solutions, Organic Phase Change Materials (PCMs) have gained significant attention. These materials play a crucial role in thermal energy storage (TES) systems by absorbing, storing, and releasing heat during phase transitions. This blog delves into the fundamentals of organic PCMs, their practical properties, and their applications across various industries.

What Are Organic Phase Change Materials?

Organic PCMs are substances that undergo a phase transition (solid-liquid or liquid-gas) at specific temperatures, enabling them to store and release latent heat. They are primarily derived from paraffin, fatty acids, and esters, making them ideal for environmentally friendly thermal management. Unlike inorganic PCMs, which often suffer from supercooling and phase separation, organic variants offer superior stability, non-corrosiveness, and recyclability.

Practical Properties of Organic PCMs

To better understand the effectiveness of organic PCMs, let's explore some of their key practical properties:

1. High Thermal Stability

Organic PCMs exhibit excellent thermal stability over multiple heating and cooling cycles. This makes them ideal for long-term energy storage solutions.

2. Non-toxic and Biodegradable

Many organic PCMs, especially bio-based fatty acids, are eco-friendly, biodegradable, and non-toxic, making them safer alternatives for building insulation, textiles, and food preservation.

3. Wide Melting Point Range

Organic PCMs can be engineered to have customized melting points, ranging from low-temperature (below 0°C) to high-temperature (>100°C) applications.

4. High Latent Heat Storage Capacity

They offer efficient heat absorption and release, ensuring optimal thermal regulation in HVAC, solar energy, and thermal packaging systems.

5. Chemical Compatibility and Non-Corrosiveness

Unlike inorganic PCMs (like salt hydrates), organic PCMs do not corrode metals, making them more suitable for integrating heat exchangers and encapsulation systems.

Applications of Organic PCMs

The versatility of organic phase change materials has led to their widespread adoption in various industries, including:

Building & Construction: Used in insulated panels, roofing, and walls to enhance thermal comfort and reduce energy consumption.

Renewable Energy: Integrated with solar power storage systems to store excess heat for later use.

Textiles & Clothing: Embedded in smart fabrics and thermal wear to regulate body temperature.

Pharmaceutical & Food Storage: Maintains temperature-sensitive products, ensuring safe transportation and extended shelf life.

Automotive & Aerospace: Enhances thermal management inelectric vehiclesand spacecraft.

Future Trends in Organic PCM Development

With the rising demand for energy-efficient technologies, research is focused on:

Improving thermal conductivity by integrating nanomaterials.

Enhancing phase stability through advanced encapsulation techniques.

Developing bio-based PCMs for sustainable energy applications.

Conclusion

Organic Phase Change Materials offer a sustainable and efficient solution for thermal energy storage, significantly impacting various industries. Their non-toxicity, stability, and high latent heat capacity make them superior choices for environmentally friendly energy solutions. As advancements continue, organic PCMs will play a pivotal role in shaping the future of sustainable energy management.

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Transforming Industries: Phase Change Materials Market Insights

As stated by P&S Intelligence, the total revenue generated by the phase change materials market was USD 1,775.5 million in 2021, which will power at a rate of 16.8% by the end of this decade, to reach USD 7,206.2 million by 2030.

This has a lot to do with the increasing growth in the construction and packaging sectors and increasing importance on green buildings.

Cold chain and packaging category will grow at the highest rate, of above 17%, in the years to come. This can be mostly because of the surge in PCM requirement to sustain precise temperatures through the supply chain while lowering the emissions of carbon dioxide. Using ACs and electric fans to stay cool contributes to approximately 20% of the total electricity employed in buildings globally. The increasing requirement for space cooling is straining quite a few countries' power infrastructure, along with bringing about increased emissions.

With the enormous increase in the requirement for energy-efficient ACs, the requirement for PCMs will soar, as the electrical consumption of modified ACs with PCMs could be brought down by 3.09 kWh every day.

Europe dominated the industry with a share, of about 40%, in the recent past. The predisposition toward the acceptance of eco-friendly materials will power the PCM industry in the region. European regulatory associations, such as the SCANVAC, took more than a few initiatives for developing and promoting and effective building mechanical solutions and increase awareness pertaining to PCM applications.

The convenience of paraffin at a wide range of temperatures is a major reason for its appropriateness as an energy storage medium. Likewise, paraffin-based PCM is called a waxy solid paraffin, safe, dependable, noncorrosive, and economical material.

HVAC systems had the second-largest share, of about 30%, in phase change materials market in the recent past. This has a lot to do with the fact that PCM installation decreases fluctuations of temperature. HVAC with PCM supports in maintaining a steadier temperature and eliminating thermal uneasiness caused by alterations in temperature. It is because of the emphasis on green buildings, the demand for phase change materials will continue to rise considerably in the years to come.

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Breaking Barriers: How Advanced PCMs are Transforming the HVAC Industry

Advanced Phase Change Materials (PCMs) are substances that, at the phase change temperature, transform from a solid to a liquid or vice versa. These materials are capable of storing and releasing heat energy through the process of melting and solidification. Advanced PCMs are available in both organic and inorganic forms and are manufactured from speciality compounds such as paraffin, stearic acid, and others.

PCMs are used in various applications, including building and construction, HVAC, consumer goods, electronics, and transportation, among others, to store and release thermal energy. Hence, the construction industry is increasingly focused on energy-efficient building design, which is driving demand for PCMs in insulation and HVAC applications.

Additionally, the development of new and advanced PCMs with improved thermal storage capacity, faster melting and solidification times, and lower cost is expected to drive market growth. Furthermore, the expanding use of PCMs in various industries such as consumer goods, electronics, and transportation is expected to boost the growth of the market.

Cold Chain Technologies, Inc., Croda International Plc., Microtek Laboratories Inc., Sasol Limited, PureTemp LLC, Henkel AG & Company KGAA, Cryopak, BASF SE, CIAT Group, and Honeywell Electronic Materials Inc., are a few of the industry participants active in the global advanced PCM market. To maintain their dominance in the international industry, these major market players are implementing a number of initiatives, including product launches.

Various government regulations and incentives promoting energy-efficient buildings and sustainable solutions are expected to drive market growth in the coming years. However, the COVID-19 pandemic has impacted the Advanced Phase Change Materials (PCMs) market in several ways:

The pandemic has disrupted the supply chain of PCMs, leading to delays in production and delivery of raw materials and finished products.

The pandemic has led to a slowdown in construction activities, affecting the demand for PCMs in the building and construction industry.

Economic slowdown: The pandemic has led to an economic slowdown, affecting the demand for PCMs in various applications, including consumer goods and electronics.

Apart from the impact of the COVID-19 pandemic, the Advanced Phase Change Materials market faces several other challenges. For instance, PCMs are derived from specialty chemicals, which are often in short supply, affecting the production of PCMs. Also, the cost of PCMs is still higher compared to traditional insulation materials, making it a challenge to compete with traditional solutions in cost-sensitive applications. The industry faces competition from alternative technologies, such as vacuum insulation panels, aerogels, and reflective insulation materials.

The Advanced Phase Change Materials (PCMs) market can be segmented based on types, applications and geography:

Material type: Including organic and inorganic materials.

Application: Including building and construction, HVAC, consumer goods, electronics, and transportation, among others.

Geography: Including North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Understanding the demand for PCMs in various applications and geographies, as well as the industry's competitive environment, is made easier by segmenting the market based on these variables.

The market in North America is driven by the presence of major players in the building and construction, HVAC, and consumer goods industries, among others. Europe is expected to show significant growth in the PCMs market, driven by the increasing demand for energy-efficient building solutions and the presence of leading players in the region. The Asia Pacific region is expected to be the fastest-growing market for PCMs, driven by the increasing demand for sustainable solutions in countries such as China, India, and Japan. Furthermore, The Middle East and Africa region is expected to show moderate growth in the PCMs market, driven by the increasing demand for energy-efficient building solutions in countries such as Saudi Arabia, UAE, and South Africa. Again, Latin America region is expected to show steady growth in the PCMs market, driven by the increasing demand for energy-efficient building solutions in countries such as Brazil, Mexico, and Argentina.

Thus, each region has its unique drivers, challenges, and opportunities, and understanding these regional differences is important for players looking to tap into the global PCMs market. This understanding pf the regional differences and the impact of the pandemic is crucial for players looking to tap into the global PCMs market.

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Phase Change Materials Market Segment: Trends, Size, Share, Demand, Key Player profile and Regional Outlook by 2027

The Global Phase Change Materials Market is expected to register over 16% CAGR during the review period.

Phase Change Materials (PCMs) are known as thermal energy storage materials being widely used as a reliable source of energy to maintain required temperatures in a broad range of end-use industries. These materials change state from a solid to a liquid or from a liquid to a solid. The growth of phase change materials market is primarily driven by rising demand for energy-efficient construction materials in the building and construction industry.

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Market Segmentation

The global phase change materials market has been categorized based on type, application, and region. The types of phase change materials studied are organic and inorganic. The organic phase change materials segment has been further sub-segmented into paraffin and bio-based compounds, and the inorganic phase change materials segment has been divided into salt hydrates, metallic, and others.

The inorganic segment accounted for the largest share of the global phase change materials market in 2018 and likely to register a healthy CAGR during the review period. The growth of the segment is attributed to the widespread use of salt hydrates in the end-use industries owing to the superior properties such as high thermal conductivity, non-flammability, high heat of fusion, and low cost. The demand for organic phase change materials, particularly fatty acids, is likely to increase a significant rate during the assessment period on account of the growing preference for environment-friendly materials worldwide.  

The application segments included under the scope of the global market are building & construction, HVAC, packaging, cold chain transportation/storage, thermal energy storage (TES), refrigeration & equipment, textiles, electronics, automotive, and others. The building & construction segment held the dominant share of the global phase change materials market in 2018 and is likely to register a healthy CAGR during the review period. The increasing demand for energy-efficient construction materials to reduce energy consumption by buildings coupled with an increase in residential and commercial construction worldwide is driving the market growth. The demand for phase change materials is likely to increase at a significant rate from the electrical & electronics and textile industry. PCMs are being widely used in thermal energy storage systems to store energy and use as when required for cooling or heating purpose.

Regional Analysis

The geographies analyzed under the scope of the global phase change materials market are North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The market in Europe accounted for the largest share of the global PCM market on account of rapid increase in residential construction to meet the growing demand for energy-efficient buildings and modern infrastructure.

The market in North America is expected to witness healthy growth account of rapid increase in residential construction. Established presence of industries such as automotive, packaging, and electrical & electronics is also expected to support the regional market growth.

The Asia-Pacific market is growing at a significant rate owing to expanding end-use industries in developing nations such as India and Southeast Asian nations. Increasing construction activities in the region for infrastructural development coupled with growing urbanization is expected to fuel the demand for phase change materials in the region.

Latin America and the Middle East and African markets are expected to drive the market growth due to increasing residential construction activities coupled with changing living standards and increasing urbanization.

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Competitive Analysis

Some of the key players in the global phase change materials are Global-E-Systems Europe B.V. (Netherlands), PCM Products Ltd (UK), Henkel AG & Co. KGaA (Germany), Croda International Plc (UK), Laird (UK), Cryopak, A TCP Company (US),  Phase Change Energy Solutions Inc. (US), PURETEMP LLC (US), Microtek Laboratories, Inc. (US), Honeywell International Inc. (US), Cold Chain Technologies (US), Sasol Limited (South Africa), Salca BV (Netherlands), and Climator Sweden AB (Sweden).

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Phase Change Material (PCM) Market Future Growth with Technology and Outlook 2020 to 2027

The current report on the Phase Change Material (PCM) Market provides a comprehensive assessment of the business vertical and offers a comprehensive overview of the industry along with its key segments. The study includes an accurate estimate of the current industry scenario along with the market size, market volume, and revenue garnered by the industry. The report delivers radical data about the competitive landscape of the Phase Change Material (PCM) industry and a thorough bifurcation of the regions where the Phase Change Material (PCM) market has established a significant footing. The report further estimates the market scenario in context with the COVID-19 pandemic. The report analyses the current market scenario along with the effects of the COVID-19 on the present and future scenario. The report also focuses on the key changes, progress, or hurdles due to the COVID-19 pandemic.

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Key Summary of Regional Analysis and Competitive Landscape:

The report offers a comprehensive overview of the competitive landscape of the Phase Change Material (PCM) industry. The competitive landscape includes extensive profiling and overview of prominent players of the Phase Change Material (PCM) industry. The report studies the following companies in detail: Laird Plc, Honeywell Electronic Materials, Inc., Croda International Plc., Microtek Laboratories Inc., Phase Change Energy Solutions Inc., Phase Change Materials Products Ltd., Rubitherm Technologies GmbH, Henkel AG & Company, KGaA, Cryopak Industries Inc., and Cold Chain Technologies, Inc. among others.

Radical Highlights of the Phase Change Material (PCM) Market Report:

The research report provides an accurate analysis of the product range, application spectrum, regional analysis, and competitive landscape of the Phase Change Material (PCM) industry.

Product Type Outlook (Revenue, USD Billion; 2017-2027)

Salt Hydrates

Paraffin Wax

Others

Material Type Outlook (Revenue, USD Billion; 2017-2027)

Inorganic

Organic

Bio-Based

Technology Outlook (Revenue, USD Billion; 2017-2027)

Macro

Micro

Molecular

Application Outlook (Revenue, USD Billion; 2017-2027)

HVAC

Construction

Energy Storage

Commercial Storage

Shipping & Transportation

Textile

Others

The report further provides key insights into the market share held by each product and application in the Phase Change Material (PCM) market. Moreover, it also offers radical information about growth prospects and patterns. It also provides extensive coverage of the product consumption of each application and product. The report also provides a pricing analysis and growth trends for the key segments of the market.

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Along with the basic information, the report also offers insights into marketing strategies readily adopted by the key manufacturers for the endorsement of their products. The report offers significant data pertaining to development trends and market position to offer deeper insights into targeted clients, brand promotions, and pricing analysis. The report also sheds light on the supply chains and the changes in the trends of the upstream raw materials and downstream distributors.

The report explains the market share and sales volume of each company, along with the key details of the operations of these companies. The report further offers extensive coverage of their product portfolio, business expansion plans, gross profit margins, revenue contribution, investment plans, and financial standings. The report also covers the strategic alliances observed within these key companies such as mergers and acquisitions, joint ventures, corporate and government deals, partnerships and agreements, and brand promotions and product launches.

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Furthermore, the research study gives additional insights into the companies’ regional presence through extensive regional analysis. The regional analysis covers the key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The regional analysis segment covers details about the market share held by each region along with the prospective growth opportunities and revenue generation. The report also offers a projection of the growth rate for each region in the entirety of the forecast timeline. It also offers a country-wise analysis to impart a better understanding of the industry.

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Global Advanced Phase Change Material Market   Prevalent Opportunities up to 2019-2029

The global sales of advanced phase change materials (APCM) reached ~US$ 1.5 Bn in 2018, as projected by a recent research study on the advanced phase change materials market by Persistence Market Research (PMR). According to the report, the advanced phase change materials market is anticipated to grow at ~15% CAGR during the forecast period. Increasing prevalence of green construction and rising demand for thermal efficient solutions will drive the advanced phase change materials market.

As per the PMR analysis, efficient thermal insulation products for commercial refrigeration and energy storage is driving the demand for advanced phase change materials. Furthermore, the stringent codes and regulations employed by governments and environmental organizations for energy efficient buildings & construction is leading to the evolution of advanced phase change materials market. The global advanced phase change materials market is estimated to reach ~US$ 1.5 Bn towards the end of 2019, as indicated by the PMR report.

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Demand in ‘Green’ Building and Construction Projects on Rise

Building & construction is a prominent application area for advanced phase change materials. In residential & commercial constructions, phase change materials find a wide range of applications, since they play a key role in preventing temperature fluctuations. A growing number of green construction activities has surged the demand for energy-efficient materials.

According to the PMR study, prominent players in the advanced phase change materials market are offering a variety of products with innovative properties at a competitive cost. Rising environmental awareness, increased implementation of stringent regulations, and increasing government initiatives for the development of eco-friendly solutions have augmented the demand for bio-based materials derived from vegetable oils and other natural sources which are being used as advanced phase change materials.

Moreover, many of the market players have invested widely in R&D activities for continuous development of new and innovative products. Also, the shifting trend towards bio-based products is catalyzing R&D activities. Growing R&D activities are also expected to lead to the development of application-specific solutions, which in turn will escalate the demand for tailor-made products, which spurs the demand for advanced phase change materials.

Low-Cost Bio-Based APCMs - Key Pillar for Future Growth

Fluctuating prices of oil and fossil fuels, depleting reserves, and growing concerns about global warming are creating demand for eco-friendly solutions. Moreover, the increasing number of green construction activities owing to growing environmental awareness is also augmenting the demand of advanced phase change materials. Organic APCMs are expected to enjoy high demand as paraffin-based PCMs & fatty acid-based advanced phase change materials have wide applications in building & construction, commercial refrigeration, and HVAC sectors. Organic PCMs are thus expected to dominate the advanced phase change materials market over the forecast period. Rising environmental awareness, increased emphasis on sustainable development, and multiple government regulations are increasing the demand for bio-based phase change materials. Bio-based advanced phase change materials are expected to witness lucrative growth during the forecast period.

Manufacturers Inclined Towards R&D, Innovation, and New Launches

PMR’s study also delivers a detailed study of competition scenario in the Advanced phase change materials market and distinguishing strategies of key market players. Some of the key players in the market are BASF SE, Sasol Limited, Croda International PLC, Honeywell International Inc., Henkel AG & Co. KGaA, and DuPont de Nemours, Inc. among others.

Besides this, some of the noteworthy players in the Advanced phase change materials market have adopted forward integration strategies related to product development and encapsulation. Many of the market players are adopting organic growth strategies such as innovative product launches and remarkable development in R&D to expand their product portfolio and advancement of their products in terms technical aspects. Moreover, government initiatives promoting green construction are also encouraging small and medium scale manufacturers to enter the advanced phase change materialss market.

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This study highlights key opportunities in the advanced phase change materialss market and finds that the market would exhibit growth at a CAGR of ~15% during the forecast period. For in-depth information about the advanced phase change materialss market

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Advanced Phase Change Material (PCM) Market : Report segments the market on the basis of types, application, products, technology, etc (as applicable)

Request for sample reports@Materials that can store latent heat (energy released or absorbed by a material or a thermodynamic system at constant-temperature process) during the phase transition are called phase change materials (PCMs). PCMs latent heat transition can be achieved with solid-solid, solid-liquid, solid-gas, and liquid-gas phase change. However, only solid-liquid phase change is used in advanced PCMs at commercial level, since other methods required large volume and high pressure.

Based on the technology of the material used, advanced PCMs are broadly categorized as inorganic PCMs, organic PCMs, bio-based PCMs and other PCMs. Organic PCMs are further classified as paraffin and non-paraffin materials; these materials melt and freeze repetitively without phase isolation and resulting degradation of their latent heat of fusion. Inorganic phase changed materials are further classified in salt hydrate and metallic. These advanced PCMs do not withdraw heat significantly and their heats of fusion do not decay with cycling. Bio-based advanced PCMs are mostly derived from plant oil or animal fat and poses higher biodegradability over others.

On the basis of their application in various fields the advanced PCMs can be categories as building and construction, energy storage, heating, ventilation and air conditioning (HVAC), shipping and transportation, and others including textiles and protective clothing.

Europe is the largest market for advanced PCMs followed by North America and Asia Pacific. Whereas increased construction works due to increasing urbanization is expected to boost the advance PCMs market in Asia Pacific region in coming years. Paraffin based advanced PCMs (organic PCMs) holds the largest market share while with increasing concern over environment and stiff regulation against biodegradability, bio-based PCMs are expected to gain the fastest growth in coming years.

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Global trend towards energy saving, sustainable development and increase demand of biodegradable materials, increasing construction works due to surge in urbanization in Asia Pacific countries and advancement in packaging science is driving the market for advanced PCMs. However, harmful character of chemicals used as PCMs is expected to inhibit the growth of the market. Lack of government inventiveness and encourage in the direction of the growth and expansion of PCM is a major challenge faced by the Advanced PCMs industry.  

Some of the global leading manufacturers of advanced PCMs are, Advansa B.V, BASF SE, Ciat Group, Cryopak Inc., Datum Phase Change Ltd., E. I. Du Pont De Nemours And Company, Emco Klimatechnik Gmbh & Co. KG, Ewald Dörken AG, Honeywell Electronic Materials Inc., Laird PLC, Micron Technology Inc., Outlast Technologies LIC, PCM Energy P. Ltd, Phase Change Energy Solutions Inc., Phase Change Material Products Limited, Rgees LIC, Rubitherm Technologies GMBH, SALCA BV, SGL Group, The Bergquist Company Inc., Climator Sweden AB, Entropy Solutions Inc., Microtek Laboratories Inc., Pluss Polymers Pvt. Ltd. and Sonoco Products Co.  

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Advanced Phase Change Material Market – Industry Trends and Forecast to 2026

 Advanced Phase Change Material Market By Product (Organic, Inorganic, Bio- Based), Application (Building & Construction, Commercial Refrigeration, HVAC, Energy Storage, Shipping & Transportation, Others), Encapsulation & Packaging Method (Nano-Encapsulation, Micro-Encapsulation, Macro-Encapsulation), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

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 Advanced Phase Change Material Market Size, Status and Forecast  2026

Advanced Phase Change Material Market Overview

Advanced Phase Change Material Market Manufacturers Profiles

Advanced Phase Change Material Market Sales, Revenue, Market Share and Competition by Manufacturer

Advanced Phase Change Material Market Analysis by Regions

Advanced Phase Change Material Market by Countries

Advanced Phase Change Material Market Segment by Type

Advanced Phase Change Material Market Segment by Application

Advanced Phase Change Material MarketForecast

Sales Channel, Distributors, Traders and Dealers

Research Findings and Conclusion

Appendixes

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Market Definition:  Advanced Phase Change Material Market

Phase-changing materials are substances that capture or emit large amounts of latent energy as their physical state changes. Through switching the phase of solid-solid, solid-liquid, solid-gas and liquid-gas, PCMs latent heat conversion can be achieved. Advanced phase change materials can be widely used in application such building & construction, shipping & transportation, energy storage, HVAC, commercial refrigeration among others.

Market Drivers:

Increasing demand from textile industry will accelerate the demand for advanced PCM.

Rising investment by different manufacturer will also drive the market growth

Growing demand for energy efficient green building is also expected to accelerate the market growth

Increasing usage of the product in the HVAC industry will also contribute as a factor for the market growth

Market Restraints:

High flammability and corrosive nature of the advanced PCM will hamper the market growth

Rising awareness about the negative environmental impact of advanced phase change material will also hinder the market growth.

Segmentation:  Advanced Phase Change Material Market

By Product

Organic

Paraffin Based

Fatty Acid Based

Inorganic

Bio- Based

By Application

Building & Construction

Commercial Refrigeration

HVAC

Energy Storage

Shipping & Transportation

Others

By Encapsulation & Packaging Method

Nano-Encapsulation

Micro-Encapsulation

Macro-Encapsulation

By Geography

North America

U.S.

Canada

Mexico

Europe

Germany

France

Italy

U.K.

Belgium

Spain

Russia

Turkey

Netherlands

Switzerland

Rest of Europe

Asia-Pacific

Japan

China

India

South Korea

Australia

Singapore

Malaysia

Thailand

Indonesia

Philippines

Rest of Asia-Pacific

South America

Brazil

Argentina

Rest of South America

Middle East and Africa

UAE

Saudi Arabia

Egypt

South Africa

Israel

Rest of Middle East and Africa

Key Developments in the Market:

In October 2017, Advanced Cooling Technologies, Inc announced the launch of their new new Phase Change Material PCM Calculator. This instrument will join the current online resource and tool package of the ACT that helps clients to find the best thermal solution for their many and varied thermal challenges. The tool offers PCM material options that best suit your temporary thermal storage needs, from -10° C to 85° C, and is very easy to use

In May 2017, Microtek Laboratories, Inc announced the acquisition of Micronal brand and product line from BASF. This acquisition will help the company to enhance their product portfolio and will also help them to offer advanced product to their customers. This will also make them to be the leader in microencapsulated PCM products

Competitive Analysis:

 advanced phase change material market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of advanced phase change material market for , Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Market Competitors:

Few of the major competitors currently working in the  advanced phase change material market are Rubitherm Technologies GmbH; PCM Products Ltd; Climator SWEDEN AB; Outlast Technologies LLC; Cryopak A TCP Company; BASF SE; AI Technology, Inc.; Laird; Microtek Laboratories, Inc; Phase Change; RGEES, LLC; Rubitherm Technologies GmbH; VWR International, LLC.; Henkel Corporation; Croda International Plc; Insolcorp, LLC; among others.

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Research Methodology:  Advanced Phase Change Material Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

Complete and distinct analysis of the market drivers and restraints

Key market players involved in this industry

Detailed analysis of the market segmentation

Competitive analysis of the key players involved

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Global Advanced Phase Change Material Market Opportunity Assessment to Reveal Lucrative Growth Prospects for Players

The global sales of advanced phase change materials (APCM) reached ~US$ 1.5 Bn in 2018, as projected by a recent research study on the advanced phase change materials market by Persistence Market Research (PMR). According to the report, the advanced phase change materials market is anticipated to grow at ~15% CAGR during the forecast period. Increasing prevalence of green construction and rising demand for thermal efficient solutions will drive the advanced phase change materials market.

As per the PMR analysis, efficient thermal insulation products for commercial refrigeration and energy storage is driving the demand for advanced phase change materials. Furthermore, the stringent codes and regulations employed by governments and environmental organizations for energy efficient buildings & construction is leading to the evolution of advanced phase change materials market. The global advanced phase change materials market is estimated to reach ~US$ 1.5 Bn towards the end of 2019, as indicated by the PMR report.

Demand in ‘Green’ Building and Construction Projects on Rise

Building & construction is a prominent application area for advanced phase change materials. In residential & commercial constructions, phase change materials find a wide range of applications, since they play a key role in preventing temperature fluctuations. A growing number of green construction activities has surged the demand for energy-efficient materials.

According to the PMR study, prominent players in the advanced phase change materials market are offering a variety of products with innovative properties at a competitive cost. Rising environmental awareness, increased implementation of stringent regulations, and increasing government initiatives for the development of eco-friendly solutions have augmented the demand for bio-based materials derived from vegetable oils and other natural sources which are being used as advanced phase change materials.

Moreover, many of the market players have invested widely in R&D activities for continuous development of new and innovative products. Also, the shifting trend towards bio-based products is catalyzing R&D activities. Growing R&D activities are also expected to lead to the development of application-specific solutions, which in turn will escalate the demand for tailor-made products, which spurs the demand for advanced phase change materials.

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Low-Cost Bio-Based APCMs - Key Pillar for Future Growth

Fluctuating prices of oil and fossil fuels, depleting reserves, and growing concerns about global warming are creating demand for eco-friendly solutions. Moreover, the increasing number of green construction activities owing to growing environmental awareness is also augmenting the demand of advanced phase change materials. Organic APCMs are expected to enjoy high demand as paraffin-based PCMs & fatty acid-based advanced phase change materials have wide applications in building & construction, commercial refrigeration, and HVAC sectors. Organic PCMs are thus expected to dominate the advanced phase change materials market over the forecast period. Rising environmental awareness, increased emphasis on sustainable development, and multiple government regulations are increasing the demand for bio-based phase change materials. Bio-based advanced phase change materials are expected to witness lucrative growth during the forecast period.

Manufacturers Inclined Towards R&D, Innovation, and New Launches

PMR’s study also delivers a detailed study of competition scenario in the Advanced phase change materials market and distinguishing strategies of key market players. Some of the key players in the market are BASF SE, Sasol Limited, Croda International PLC, Honeywell International Inc., Henkel AG & Co. KGaA, and DuPont de Nemours, Inc. among others.

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Besides this, some of the noteworthy players in the Advanced phase change materials market have adopted forward integration strategies related to product development and encapsulation. Many of the market players are adopting organic growth strategies such as innovative product launches and remarkable development in R&D to expand their product portfolio and advancement of their products in terms technical aspects. Moreover, government initiatives promoting green construction are also encouraging small and medium scale manufacturers to enter the advanced phase change materialss market.

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[the-rohank-blog]

Advanced Phase Change Material Market  to Reflect Steady Growth By 2020

Materials that can store latent heat (energy released or absorbed by a material or a thermodynamic system at constant-temperature process) during the phase transition are called phase change materials (PCMs). PCMs latent heat transition can be achieved with solid-solid, solid-liquid, solid-gas, and liquid-gas phase change. However, only solid-liquid phase change is used in advanced PCMs at commercial level, since other methods required large volume and high pressure. 

A sample of this report is available upon request @ https://www.persistencemarketresearch.com/samples/2786 

Based on the technology of the material used, advanced PCMs are broadly categorized as inorganic PCMs, organic PCMs, bio-based PCMs and other PCMs. Organic PCMs are further classified as paraffin and non-paraffin materials; these materials melt and freeze repetitively without phase isolation and resulting degradation of their latent heat of fusion. Inorganic phase changed materials are further classified in salt hydrate and metallic. These advanced PCMs do not withdraw heat significantly and their heats of fusion do not decay with cycling. Bio-based advanced PCMs are mostly derived from plant oil or animal fat and poses higher biodegradability over others. 

On the basis of their application in various fields the advanced PCMs can be categories as building and construction, energy storage, heating, ventilation and air conditioning (HVAC), shipping and transportation, and others including textiles and protective clothing.

Europe is the largest market for advanced PCMs followed by North America and Asia Pacific. Whereas increased construction works due to increasing urbanization is expected to boost the advance PCMs market in Asia Pacific region in coming years. Paraffin based advanced PCMs (organic PCMs) holds the largest market share while with increasing concern over environment and stiff regulation against biodegradability, bio-based PCMs are expected to gain the fastest growth in coming years.

Global trend towards energy saving, sustainable development and increase demand of biodegradable materials, increasing construction works due to surge in urbanization in Asia Pacific countries and advancement in packaging science is driving the market for advanced PCMs. However, harmful character of chemicals used as PCMs is expected to inhibit the growth of the market. Lack of government inventiveness and encourage in the direction of the growth and expansion of PCM is a major challenge faced by the Advanced PCMs industry.   

Some of the global leading manufacturers of advanced PCMs are, Advansa B.V, BASF SE, Ciat Group, Cryopak Inc., Datum Phase Change Ltd., E. I. Du Pont De Nemours And Company, Emco Klimatechnik Gmbh & Co. KG, Ewald Dörken AG, Honeywell Electronic Materials Inc., Laird PLC, Micron Technology Inc., Outlast Technologies LIC, PCM Energy P. Ltd, Phase Change Energy Solutions Inc., Phase Change Material Products Limited, Rgees LIC, Rubitherm Technologies GMBH, SALCA BV, SGL Group, The Bergquist Company Inc., Climator Sweden AB, Entropy Solutions Inc., Microtek Laboratories Inc., Pluss Polymers Pvt. Ltd. and Sonoco Products Co.   

To view TOC of this report is available upon request @ https://www.persistencemarketresearch.com/methodology/2786 

[marketresearchinsight-blog]

Evolution of Construction Industry mostly in Emerging countries will propel Advanced Phase Change Material Industry Growth

The global Advanced Phase Change Material Market is expected to reach USD 1,765.8 million by 2020, according to a new study by Grand View Research, Inc. Growing need to conserve energy across various industries and sector is expected to be one of the major driving factors for the market. In addition, stringent regulations imposed on various industries to reduce greenhouse gases emission has also helped in developing the market for advanced phase change material. Consumption of APCM is expected to reduce the overall demand for energy by up to 50% by 2050. However, their high price compared to other insulating materials owing to lack of awareness among the consumers in under developed countries is expected to hinder market growth over the forecast period.

Paraffin APCM material emerged as the leading product and accounted for over half of total market revenue in 2012. Paraffin has high heat storing capacity and are also stable in nature owing to which they are expected to witness significant growth over the forecast period. However, bio-based APCM is expected to be the fastest growing product at an estimated CAGR of 22.5% from 2014 to 2020. Increased preference towards environmental friendly materials mainly in North America and Europe is expected to drive the market for bio-based APCM over the next six years.

Browse Full Report on Advanced Phase Change Material Market: http://www.grandviewresearch.com/industry-analysis/Advanced-Phase-Change-Material-apcm-Industry

Further key findings from the study suggest:

Building and construction emerged as the leading application market for APCM and accounted for 25% of total revenue in 2013. Growth of construction industry, mainly in China, India and Brazil is expected to drive the overall market for APCM in this industry. Building and construction along with being the largest market is also expected to be the fastest growing application market for APCM, at an estimated CAGR of 22.7% over the next six years.

Application of APCM in energy storage is also expected to gain significant market over the next six years, with global revenue expected to exceed USD 250 million by 2020 at an estimated CAGR of 21.3% from 2014 to 2020.

Europe was the largest regional market for APCM and accounted for just over one third of global revenue in 2013. Growing need to conserve energy coupled with stringent regulations to reduce/minimize emission of harmful gases has contributed to the growth of this market. Along with being the largest market, Europe is also expected to be the fastest growing market for APCM, at an estimated CAGR of 21.4% from 2014 to 2020.

Some of the major companies operating in the global market for advanced phase change material include Advansa B.V., BASF, Cyropak, Climator Sweden AB, Dow Building Solution, E.I. du Pont de Nemours & Company, Honeywell International, Phase Change Products Pty Ltd., Rubitherm Technologies GmbH and Salca BV.

For the purpose of this study, Grand View Research has segmented the global advanced phase change material market on the basis of product, application and region:

Advanced Phase Change Material Product Outlook, (Revenue, USD Million, 2012 - 2020)

Paraffin PCM

Salt Hydrate PCM

Other PCM

Advanced Phase Change Material Application Outlook, (Revenue, USD Million, 2012 - 2020)

HVAC

Energy Storage

Building & Construction

Refrigeration

Shipping & Transportation

Other

Advanced Phase Change Material Regional Outlook, (Revenue, USD Million, 2012 - 2020)

North America

Europe

Asia Pacific

Rest of the World

Access Press Release of this Report: http://www.grandviewresearch.com/press-release/global-advanced-phase-change-material-market

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For More Information: www.grandviewresearch.com

[globalrketresearchanalysis]

Advanced Phase Change Materials Market Will Be Worth USD 1,765.8 Million by 2020: Grand View Research, Inc.

The global market for advanced phase change material is expected to reach USD 1,765.8 million by 2020, according to a new study by Grand View Research, Inc. Growing need to conserve energy across various industries and sector is expected to be one of the major driving factors for the market. In addition, stringent regulations imposed on various industries to reduce green house gases emission has also helped in developing the market for advanced phase change material. Consumption of APCM is expected to reduce the overall demand for energy by up to 50% by 2050. However, their high price compared to other insulating materials owing to lack of awareness among the consumers in under developed countries is expected to hinder market growth over the forecast period.

Paraffin APCM material emerged as the leading product and accounted for over half of total market revenue in 2012. Paraffin has high heat storing capacity and are also stable in nature owing to which they are expected to witness significant growth over the forecast period. However, bio-based APCM is expected to be the fastest growing product at an estimated CAGR of 22.5% from 2014 to 2020. Increased preference towards environmental friendly materials mainly in North America and Europe is expected to drive the market for bio-based APCM over the next six years.

Browse full research report on Advanced Phase Change Materials Market: http://www.grandviewresearch.com/industry-analysis/advanced-phase-change-material-apcm-industry

Further key findings from the study suggest:

Building and construction emerged as the leading     application market for APCM and accounted for 25% of total revenue in     2013. Growth of construction industry, mainly in China, India and Brazil     is expected to drive the overall market for APCM in this industry.     Building and construction along with being the largest market is also     expected to be the fastest growing application market for APCM, at an     estimated CAGR of 22.7% over the next six years.

Application of APCM in energy storage is also     expected to gain significant market over the next six years, with global     revenue expected to exceed USD 250 million by 2020 at an estimated CAGR of     21.3% from 2014 to 2020.

Europe was the largest regional market for APCM and     accounted for just over one third of global revenue in 2013. Growing need     to conserve energy coupled with stringent regulations to reduce/minimize     emission of harmful gases has contributed to the growth of this market.     Along with being the largest market, Europe is also expected to be the     fastest growing market for APCM, at an estimated CAGR of 21.4% from 2014     to 2020.

Some of the major companies operating in the global     market for advanced phase change material include Advansa B.V., BASF, Cyropak,     Climator Sweden AB, Dow Building Solution, E.I. du Pont de Nemours &     Company, Honeywell International, Phase Change Products Pty Ltd.,     Rubitherm Technologies GmbH and Salca BV.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials

For the purpose of this study, Grand View Research has segmented the global advanced phase change material market on the basis of product, application and region:

    • Advanced Phase Change Material Product Outlook, (Revenue, USD Million, 2012 - 2020)             • Paraffin PCM             • Salt Hydrate PCM             • Other PCM     • Advanced Phase Change Material Application Outlook, (Revenue, USD Million, 2012 - 2020)             • HVAC             • Energy Storage             • Building & Construction              • Refrigeration              • Shipping & Transportation              • Other      • Advanced Phase Change Material Regional Outlook, (Revenue, USD Million, 2012 - 2020)             • North America             • Europe             • Asia Pacific             • Rest of the World

Access Press Release By Grand View Research: http://www.grandviewresearch.com/press-release/global-advanced-phase-change-material-market          

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

For more information: http://www.grandviewresearch.com

[marketresearchandreports-blog]

Advanced Phase Change Material Market To Witness Growth Owing To Rising Demand In Building And Construction Applications Till 2020: Grand View Research, Inc.

The global market for advanced phase change material is expected to reach USD 1,765.8 million by 2020, according to a new study by Grand View Research, Inc. Growing need to conserve energy across various industries and sector is expected to be one of the major driving factors for the market. In addition, stringent regulations imposed on various industries to reduce green house gases emission has also helped in developing the market for advanced phase change material. Consumption of APCM is expected to reduce the overall demand for energy by up to 50% by 2050. However, their high price compared to other insulating materials owing to lack of awareness among the consumers in under developed countries is expected to hinder market growth over the forecast period.

Paraffin APCM material emerged as the leading product and accounted for over half of total market revenue in 2012. Paraffin has high heat storing capacity and are also stable in nature owing to which they are expected to witness significant growth over the forecast period. However, bio-based APCM is expected to be the fastest growing product at an estimated CAGR of 22.5% from 2014 to 2020. Increased preference towards environmental friendly materials mainly in North America and Europe is expected to drive the market for bio-based APCM over the next six years.

View summary of this report @ http://www.grandviewresearch.com/industry-analysis/advanced-phase-change-material-apcm-industry

Further key findings from the study suggest:

Building     and construction emerged as the leading application market for APCM and     accounted for 25% of total revenue in 2013. Growth of construction     industry, mainly in China, India and Brazil is expected to drive the     overall market for APCM in this industry. Building and construction along     with being the largest market is also expected to be the fastest growing     application market for APCM, at an estimated CAGR of 22.7% over the next     six years.

Application     of APCM in energy storage is also expected to gain significant market over     the next six years, with global revenue expected to exceed USD 250 million     by 2020 at an estimated CAGR of 21.3% from 2014 to 2020.

Europe     was the largest regional market for APCM and accounted for just over one     third of global revenue in 2013. Growing need to conserve energy coupled     with stringent regulations to reduce/minimize emission of harmful gases     has contributed to the growth of this market. Along with being the largest     market, Europe is also expected to be the fastest growing market for APCM,     at an estimated CAGR of 21.4% from 2014 to 2020.

Some     of the major companies operating in the global market for advanced phase     change material include Advansa B.V., BASF, Cyropak, Climator Sweden AB,     Dow Building Solution, E.I. du Pont de Nemours & Company, Honeywell     International, Phase Change Products Pty Ltd., Rubitherm Technologies GmbH     and Salca BV.

Browse more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/automotive-and-aerospace-interior-materials

For the purpose of this study, Grand View Research has segmented the global advanced phase change material market on the basis of product, application and region:

    • Advanced Phase Change Material Product Outlook, (Revenue, USD Million, 2012 - 2020)             • Paraffin PCM             • Salt Hydrate PCM             • Other PCM     • Advanced Phase Change Material Application Outlook, (Revenue, USD Million, 2012 - 2020)             • HVAC             • Energy Storage             • Building & Construction             • Refrigeration             • Shipping & Transportation             • Other     • Advanced Phase Change Material Regional Outlook, (Revenue, USD Million, 2012 - 2020)             • North America             • Europe             • Asia Pacific             • Rest of the World

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.

For More Information Visit - http://www.grandviewresearch.com/

[thetejasamale]

Phase Change Materials Market Trends: Demand, Key Player profile and Regional Outlook by 2027

The Global Phase Change Materials Market is expected to register over 16% CAGR during the review period.

Phase Change Materials (PCMs) are known as thermal energy storage materials being widely used as a reliable source of energy to maintain required temperatures in a broad range of end-use industries. These materials change state from a solid to a liquid or from a liquid to a solid. The growth of phase change materials market is primarily driven by rising demand for energy-efficient construction materials in the building and construction industry.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/phase-change-materials-market-8282

Market Segmentation

The global phase change materials market has been categorized based on type, application, and region. The types of phase change materials studied are organic and inorganic. The organic phase change materials segment has been further sub-segmented into paraffin and bio-based compounds, and the inorganic phase change materials segment has been divided into salt hydrates, metallic, and others.

The inorganic segment accounted for the largest share of the global phase change materials market in 2018 and likely to register a healthy CAGR during the review period. The growth of the segment is attributed to the widespread use of salt hydrates in the end-use industries owing to the superior properties such as high thermal conductivity, non-flammability, high heat of fusion, and low cost. The demand for organic phase change materials, particularly fatty acids, is likely to increase a significant rate during the assessment period on account of the growing preference for environment-friendly materials worldwide.  

The application segments included under the scope of the global market are building & construction, HVAC, packaging, cold chain transportation/storage, thermal energy storage (TES), refrigeration & equipment, textiles, electronics, automotive, and others. The building & construction segment held the dominant share of the global phase change materials market in 2018 and is likely to register a healthy CAGR during the review period. The increasing demand for energy-efficient construction materials to reduce energy consumption by buildings coupled with an increase in residential and commercial construction worldwide is driving the market growth. The demand for phase change materials is likely to increase at a significant rate from the electrical & electronics and textile industry. PCMs are being widely used in thermal energy storage systems to store energy and use as when required for cooling or heating purpose.

Regional Analysis

The geographies analyzed under the scope of the global phase change materials market are North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The market in Europe accounted for the largest share of the global PCM market on account of rapid increase in residential construction to meet the growing demand for energy-efficient buildings and modern infrastructure.

The market in North America is expected to witness healthy growth account of rapid increase in residential construction. Established presence of industries such as automotive, packaging, and electrical & electronics is also expected to support the regional market growth.

The Asia-Pacific market is growing at a significant rate owing to expanding end-use industries in developing nations such as India and Southeast Asian nations. Increasing construction activities in the region for infrastructural development coupled with growing urbanization is expected to fuel the demand for phase change materials in the region.

Latin America and the Middle East and African markets are expected to drive the market growth due to increasing residential construction activities coupled with changing living standards and increasing urbanization.

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Competitive Analysis

Some of the key players in the global phase change materials are Global-E-Systems Europe B.V. (Netherlands), PCM Products Ltd (UK), Henkel AG & Co. KGaA (Germany), Croda International Plc (UK), Laird (UK), Cryopak, A TCP Company (US),  Phase Change Energy Solutions Inc. (US), PURETEMP LLC (US), Microtek Laboratories, Inc. (US), Honeywell International Inc. (US), Cold Chain Technologies (US), Sasol Limited (South Africa), Salca BV (Netherlands), and Climator Sweden AB (Sweden).

[thetejasamale]

Phase Change Materials Market Trends: Segments, Demand and Industry Analysis by 2027

The Global Phase Change Materials Market is expected to register over 16% CAGR during the review period.

Phase Change Materials (PCMs) are known as thermal energy storage materials being widely used as a reliable source of energy to maintain required temperatures in a broad range of end-use industries. These materials change state from a solid to a liquid or from a liquid to a solid. The growth of phase change materials market is primarily driven by rising demand for energy-efficient construction materials in the building and construction industry.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/phase-change-materials-market-8282

Market Segmentation

The global phase change materials market has been categorized based on type, application, and region. The types of phase change materials studied are organic and inorganic. The organic phase change materials segment has been further sub-segmented into paraffin and bio-based compounds, and the inorganic phase change materials segment has been divided into salt hydrates, metallic, and others.

The inorganic segment accounted for the largest share of the global phase change materials market in 2018 and likely to register a healthy CAGR during the review period. The growth of the segment is attributed to the widespread use of salt hydrates in the end-use industries owing to the superior properties such as high thermal conductivity, non-flammability, high heat of fusion, and low cost. The demand for organic phase change materials, particularly fatty acids, is likely to increase a significant rate during the assessment period on account of the growing preference for environment-friendly materials worldwide.  

The application segments included under the scope of the global market are building & construction, HVAC, packaging, cold chain transportation/storage, thermal energy storage (TES), refrigeration & equipment, textiles, electronics, automotive, and others. The building & construction segment held the dominant share of the global phase change materials market in 2018 and is likely to register a healthy CAGR during the review period. The increasing demand for energy-efficient construction materials to reduce energy consumption by buildings coupled with an increase in residential and commercial construction worldwide is driving the market growth. The demand for phase change materials is likely to increase at a significant rate from the electrical & electronics and textile industry. PCMs are being widely used in thermal energy storage systems to store energy and use as when required for cooling or heating purpose.

Regional Analysis

The geographies analyzed under the scope of the global phase change materials market are North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The market in Europe accounted for the largest share of the global PCM market on account of rapid increase in residential construction to meet the growing demand for energy-efficient buildings and modern infrastructure.

The market in North America is expected to witness healthy growth account of rapid increase in residential construction. Established presence of industries such as automotive, packaging, and electrical & electronics is also expected to support the regional market growth.

The Asia-Pacific market is growing at a significant rate owing to expanding end-use industries in developing nations such as India and Southeast Asian nations. Increasing construction activities in the region for infrastructural development coupled with growing urbanization is expected to fuel the demand for phase change materials in the region.

Latin America and the Middle East and African markets are expected to drive the market growth due to increasing residential construction activities coupled with changing living standards and increasing urbanization.

Get a Free Sample@ https://www.marketresearchfuture.com/sample_request/8282

Competitive Analysis

Some of the key players in the global phase change materials are Global-E-Systems Europe B.V. (Netherlands), PCM Products Ltd (UK), Henkel AG & Co. KGaA (Germany), Croda International Plc (UK), Laird (UK), Cryopak, A TCP Company (US),  Phase Change Energy Solutions Inc. (US), PURETEMP LLC (US), Microtek Laboratories, Inc. (US), Honeywell International Inc. (US), Cold Chain Technologies (US), Sasol Limited (South Africa), Salca BV (Netherlands), and Climator Sweden AB (Sweden).

[thetejasamale]

Phase Change Materials Market Research: Segments, Size, Share, Trends, Demand, Key Player profile and Regional Outlook by 2027

The Global Phase Change Materials Market is expected to register over 16% CAGR during the review period.

Phase Change Materials (PCMs) are known as thermal energy storage materials being widely used as a reliable source of energy to maintain required temperatures in a broad range of end-use industries. These materials change state from a solid to a liquid or from a liquid to a solid. The growth of phase change materials market is primarily driven by rising demand for energy-efficient construction materials in the building and construction industry.

Browse Full Report Details @ https://www.marketresearchfuture.com/reports/phase-change-materials-market-8282

Market Segmentation

The global phase change materials market has been categorized based on type, application, and region. The types of phase change materials studied are organic and inorganic. The organic phase change materials segment has been further sub-segmented into paraffin and bio-based compounds, and the inorganic phase change materials segment has been divided into salt hydrates, metallic, and others.

The inorganic segment accounted for the largest share of the global phase change materials market in 2018 and likely to register a healthy CAGR during the review period. The growth of the segment is attributed to the widespread use of salt hydrates in the end-use industries owing to the superior properties such as high thermal conductivity, non-flammability, high heat of fusion, and low cost. The demand for organic phase change materials, particularly fatty acids, is likely to increase a significant rate during the assessment period on account of the growing preference for environment-friendly materials worldwide.  

The application segments included under the scope of the global market are building & construction, HVAC, packaging, cold chain transportation/storage, thermal energy storage (TES), refrigeration & equipment, textiles, electronics, automotive, and others. The building & construction segment held the dominant share of the global phase change materials market in 2018 and is likely to register a healthy CAGR during the review period. The increasing demand for energy-efficient construction materials to reduce energy consumption by buildings coupled with an increase in residential and commercial construction worldwide is driving the market growth. The demand for phase change materials is likely to increase at a significant rate from the electrical & electronics and textile industry. PCMs are being widely used in thermal energy storage systems to store energy and use as when required for cooling or heating purpose.

Regional Analysis

The geographies analyzed under the scope of the global phase change materials market are North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The market in Europe accounted for the largest share of the global PCM market on account of rapid increase in residential construction to meet the growing demand for energy-efficient buildings and modern infrastructure.

The market in North America is expected to witness healthy growth account of rapid increase in residential construction. Established presence of industries such as automotive, packaging, and electrical & electronics is also expected to support the regional market growth.

The Asia-Pacific market is growing at a significant rate owing to expanding end-use industries in developing nations such as India and Southeast Asian nations. Increasing construction activities in the region for infrastructural development coupled with growing urbanization is expected to fuel the demand for phase change materials in the region.

Latin America and the Middle East and African markets are expected to drive the market growth due to increasing residential construction activities coupled with changing living standards and increasing urbanization.

Get a Free Sample Now@ https://www.marketresearchfuture.com/sample_request/8282

Competitive Analysis

Some of the key players in the global phase change materials are Global-E-Systems Europe B.V. (Netherlands), PCM Products Ltd (UK), Henkel AG & Co. KGaA (Germany), Croda International Plc (UK), Laird (UK), Cryopak, A TCP Company (US),  Phase Change Energy Solutions Inc. (US), PURETEMP LLC (US), Microtek Laboratories, Inc. (US), Honeywell International Inc. (US), Cold Chain Technologies (US), Sasol Limited (South Africa), Salca BV (Netherlands), and Climator Sweden AB (Sweden).