The latest research report by Polaris Market Research provides a thorough analysis of a rapidly growing market. It covers all the key market aspects, including Phase Change Materials Market share, size, drivers, trends, and major developments. Also, it offers market forecasts at the national, regional, and global levels. An in-depth analysis of market segments, along with an examination of the market performance across major regions and sub-regions, has been included in the study. The report provides insights into strategic developments to help stakeholders devise effective operating strategies.
The report includes a thorough value chain analysis to help readers gain crucial information on the outbound and inbound market logistics. Additionally, a thorough examination of key market participants addressing diverse consumer needs has been provided in the study. It further covers the emerging market trends and opportunities market participants can capitalize on. Pictorial representations, including charts, tables, and graphs, have been provided to help readers comprehend the key stats and other data easily.
According to the research report, the global phase change material market was valued at USD 479.9 million in 2021 and is expected to grow at a CAGR of 15.9% during the forecast period.
Market Dynamics:
This section of the research report sheds light on the evolution of the market, covering how market participants are responding to technological shifts. The impact of the shifting market landscape and globalization has been provided in the study. Also, all the key factors driving Phase Change Materials market growth have been covered.
The report covers major market trends and opportunities market participants can capitalize on. Additionally, it presents crucial information on market restraints and challenges and how businesses can navigate them. Furthermore, an analysis of technological advancements and regulatory shifts and their impact on market demand has been included in the study.
Competitive Landscape:
This section of the research report offers insights into the competitive landscape of the market. It analyzes the Phase Change Materials market key players, covering all the key aspects such as company overview, financials, and market potential. Besides, other factors such as manufacturing facilities and production capacities, have been detailed in the study. The report uses key methodologies such as Porter’s Five Forces Analysis and SWOT analysis to examine the competitive forces in the market. All the major market developments, including acquisitions, mergers, and partnerships, have been covered in the report.
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A few of the key players operating in the market are:
- Advansa B.V.
- AI Technology Inc.
- Climator SWEDEN AB
- Ciat Group
- Cold Chain Technologies Inc.
- Croda International Plc
- Cryopak Industries Inc.
- Henkel AG & Co.KGaA
- Honeywell International Inc.
- Microtek Laboratories Inc.
- Outlast Technologies LLC
- PCM Products Ltd.
- Phase Change Solutions Inc.
- Pluss Advanced Technologies Pvt. Ltd.
- PureTemp LLC
- Rubitherm Technologies GmbH
- Sasol Limited
- Teappcm Limited
Market Segmentation:
The phase change materials (PCM) market is segmented by type, application, and region. Types of PCMs include organic, inorganic, and eutectic PCMs, with organic PCMs dominating the market due to their high thermal energy storage capacity and safety features. Inorganic PCMs, such as salt hydrates, are also gaining traction due to their high latent heat capacity and low cost. The market applications for PCMs include thermal energy storage, building and construction, textiles, cold chain logistics, and electronics. The building and construction sector is the largest application segment, driven by the demand for energy-efficient buildings and the need to reduce heating and cooling costs. Textiles are also a key sector for PCMs, particularly in the production of temperature-regulating clothing and bedding. Geographically, the PCM market is segmented into North America, Europe, Asia Pacific, and the rest of the world, with North America and Europe being the dominant regions due to the growing focus on energy efficiency.
Phase Change Material Market, Type Outlook (Revenue – USD Billion, 2018 – 2030)
- Organic
- Inorganic
Phase Change Material Market, Application Outlook (Revenue – USD Billion, 2018 – 2030)
- HVAC
- Cold Chain & Packaging
- Thermal Energy Storage
- Electronics
- Textile
- Building & Construction
- Refrigeration & Equipment
- Others
Research Methodology:
The research methodology involves the collection of crucial data and information by expert analysts. The collected data is then carefully filtered to offer an accurate and reliable Phase Change Materials market analysis. The primary research technique involves interviews with leading market participants to make it both practical and relevant. Besides, secondary research has been included to provide insights into the demand and supply connection. Publicly available data sources such as annual reports and white papers have also been used to provide an insightful market analysis.
Top Features of Phase Change Materials Market Report:
• In-depth market analysis covering all the key market aspects
• Historical, current, and projected market size in terms of value and volume
• Detailed market segmentation covering all the major market segments
• Thorough examination of major market developments
• Assessment of the product offerings of market players and their operating strategies
• Includes classification of potential new clients or partners in the target demographic
Recent Developments:
- November 2023: BASF introduced a new generation of bio-based phase change materials (PCMs) designed for energy-efficient building applications. These PCMs help regulate indoor temperatures, reducing energy consumption and improving sustainability in construction.
- August 2023: Croda International announced the expansion of its PCM production capacity to meet growing demand in cold chain logistics and thermal energy storage applications. The expansion aligns with the company’s commitment to developing high-performance and sustainable PCM solutions.
- May 2023: Outlast Technologies launched an advanced textile-integrated PCM for high-performance outdoor and sportswear. This innovation enhances temperature regulation and moisture management, providing superior comfort for consumers.
- February 2023: Rubitherm Technologies partnered with a major automotive manufacturer to integrate PCM technology into electric vehicle (EV) battery systems. This initiative aims to improve battery efficiency, extend lifespan, and enhance vehicle performance under extreme temperature conditions.
- October 2022: Entropy Solutions introduced a new line of non-toxic and biodegradable PCMs for medical cold chain packaging. These materials help maintain precise temperature control for the safe transport of vaccines, biologics, and temperature-sensitive pharmaceuticals.
Key Questions Answered in Report:
• What are the key market growth drivers?
• What are the market projections considering production value and capacity?
• What will be the impact of strategic developments on market growth?
• Who are the Phase Change Materials market key players?
• What are the major market trends that can be used to maximize revenue?
• Which research methodologies have been used while prepearing the research report?
• Who could benefit from the research report?
Phase Change Materials market research report provides an in-depth analysis by covering all the major market aspects. All the stats and information presented in the study go through a multi-step verification method to ensure accuracy and reliability. The report is a must-read for policymakers, suppliers, stakeholders, and anyone involved or interested in the market.
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