Report Ocean has recently published the “Advanced Phase Change Materials Market“ Research Report 2023-2031, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2031.
The global advanced phase change materials (PCM) market accounted $691 million in 2015, and is expected to reach $2,434 million by 2022, registering a CAGR of 19.8% from 2016 to 2022. Phase change materials change from one phase to another at a given temperature and are proficient in storing thermal energy in the form of latent heat by releasing the energy when needed. These materials store or release large quantities of thermal energy at a constant temperature and retain the desired ambient conditions, by changing from solid to liquid phase or vice-versa. The market is expected to register a double-digit growth rate during the forecast period, attributed to the increased demand from the construction, transportation, and energy storage industries.
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Advanced phase change materials are applicable in in construction & building sector, which is one of the key factors that drives the market growth. Furthermore, increase in emphasis on energy conservation, expansion of applications of advanced phase change materials in the textile sector, rapid urbanization in developing countries, and continued technological developments in the field of advanced PCM are expected to fuel the market growth in the near future. However, the high cost of advanced PCM and the lack of awareness among the consumers about usage of phase change materials are expected to hinder market growth.
The global advanced phase change materials market has gained traction, owing to the increased use of microencapsulation and microencapsulation technologies, particularly in the construction and textile sectors. A number of manufacturers consider the use of microencapsulated PCM as it provides improved heat transfer between the PCM and the surrounding, owing to the increased surface area. Another major trend observed is the gradual shift of manufacturers toward biodegradable, bio-based PCM as an alternative to the traditional petroleum-based PCM.
The report segments the global advanced phase change materials market on the basis of type, application, and geography. Based on type, it is classified into organic PCM, inorganic PCM, and bio-based PCM. Based on application, it is segregated into building & construction, energy storage, HVAC, shipping & transportation, electronics, textiles, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific is expected to witness highest growth rate during the forecast period.
The global advanced phase change materials market is highly competitive, owing to the presence of several well-established manufacturers and vendors. These companies are extensively undergoing R&D of new products for specific applications and conditions.
KEY BENEFITS FOR STAKEHOLDERS
This report provides an extensive analysis of the current trends and emerging estimations and dynamics in the global advanced phase change materials market through 2014-2022, which assists in identifying the prevailing market opportunities.
Exhaustive analysis facilitates in understanding the types of advanced phase change materials and the materials used currently along with the variants to gain prominence in the future.
Extensive analysis of end-user industry forecasts the various types of advanced phase change materials that can be used in different end-user applications.
A detailed analysis is conducted by following key product positioning and monitoring the top competitors within the market framework.
Key market players are profiled and their strategies are analyzed thoroughly, which helps understand the competitive outlook of the market.
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Key Market Players
BASF SE
Entropy Solutions
Sonoco Products Company
Outlast Technologies LLC.
Advansa B.V.
E. I. Du Pont De Nemours And Company
Phase Change Energy Solutions
Cryopak Inc.
Microtek Laboratories, Inc.
Pluss Advanced Technologies Pvt. Ltd.
Other prominent market players are:
Phase Change Materials Products Ltd.
Rubitherm Technologies GmbH
Ciat Group
Datum Phase Change Ltd.
Emco Klimatechnik Gmbh & Co. KG
Rgees LLC.
Climator Sweden AB
Ewald D?rken AG
Laird PLC.
Advanced Phase Change Materials Market Key Segments:
By Type
Organic PCM
Inorganic PCM
Bio-based PCM
By Application
Building & Construction
Energy Storage
HVAC
Shipping & Transportation
Electronics
Textiles
Others (Healthcare, Telecommunication, etc.)
By Geography
North America
U.S.
Canada
Mexico
Europe
UK
Germany
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
South Korea
India
Rest of Asia-Pacific
LAMEA
Brazil
Argentina
South Africa
Rest of LAMEA
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Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
What Are the Key Data Covered in This Market Report?
- The report may provide data on the current market size, historical data for previous years, and projections for future growth.
- This data may be presented in terms of revenue, market share, or other relevant metrics.
- The report may include data on the segmentation of the market based on various factors such as product type, application, end-user industry, and geography.
- This data helps to understand the market dynamics within different segments
- The report may highlight key trends and drivers that are shaping the market. This can include technological advancements, regulatory changes, consumer behavior, and industry developments.
- Data on these trends and drivers can provide insights into the factors influencing market growth.
- The report may provide data on the competitive landscape of the market, including key players, their market share, and strategies.
- This data helps to assess the competitive intensity and market positioning of different companies operating in the market.
- The report may outline the challenges and opportunities faced by market participants. This can include factors such as regulatory hurdles, competitive pressures, and emerging market opportunities.
- Data on these challenges and opportunities can inform business decisions and strategies.
- The report may provide data on the market performance and trends in different regions or countries. This can include data on market size, growth rate, and key players in each region.
- Regional data helps to understand market dynamics at a local level.
- The report may include data on consumer behavior, preferences, and buying patterns related to patient engagement solutions.
- This data can provide insights into customer needs and expectations, helping businesses tailor their offerings accordingly.
- The report may provide forecasts for the future of the market based on historical data, market trends, and other factors.
- This data helps stakeholders understand the potential growth and opportunities in the market.
Questions & Answers Market Research/Analysis Report Contains to your following:
- What is the current size of the market and how is it expected to grow in the future?
- What are the key drivers influencing market growth?
- What are the major challenges or constraints faced by market participants?
- What are the emerging trends and opportunities in the market?
- Who are the major competitors in the market and what is their market share?
- What are the key customer segments and their preferences within the market?
- What are the regional or geographic trends and variations within the market?
- What are the regulatory and legal factors impacting the market?
- What are the technological advancements or innovations shaping the market?
- What are the pricing trends and strategies observed in the market?
- What are the distribution channels and their effectiveness in reaching the target market?
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