Global Advanced Phase Change Material Market, By Product (Organic, Inorganic, Bio- Based), Application (Building and Construction, Commercial Refrigeration, HVAC, Energy Storage, Shipping and Transportation, Others), Encapsulation and Packaging Method (Nano-Encapsulation, Micro-Encapsulation, Macro-Encapsulation), Country (U.S., Canada, Mexico, Germany, France, U.K., Italy, Spain, Russia, Turkey, Belgium, Netherlands, Switzerland, Luxemburg, Rest of Europe, Japan, China, South Korea, India, Australia And New Zealand, Singapore, Thailand, Malaysia, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America UAE, Saudi Arabia, Egypt, Israel, South Africa, And Rest Of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Advanced Phase Change Material Market
Data Bridge Market Research analyses that the advanced phase change material market will witness a CAGR of 16.97% for the forecast period of 2021-2028 and is likely to reach at USD 4,179.88 million by 2028.
Phase-changing materials (PCM) are substances whose physical state changes due to collect or expel substantial amounts of latent energy. PCMs latent heat conversion can be done by altering the phases of solid-solid, solid-liquid, solid-gas, and liquid-gas. Advanced phase change materials are used in various applications such as energy storage, shipping and transportation, HVAC, building and construction, commercial refrigeration and others.
Increase in the demand from textile industry and high utilization of the product in HVAC industry are the major drivers that will influence the growth of advanced phase change material market. Furthermore, surge in the demand for energy efficient green building and increasing investment by different manufacturer will accelerate the advanced phase change material market growth rate.
Also, growing application of advanced phase change material and technological advancement and development will provide beneficial opportunities for the advanced phase change material market growth.
However, high flammability and corrosive nature of advanced PCM will hamper the growth of the advanced phase change material market. Growing awareness towards the negative environmental impact of advanced PCM will challenge the advanced phase change material market growth rate.
This advanced phase change material market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on advanced phase change material market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Advanced Phase Change Material Market Scope and Market Size
The advanced phase change material market is segmented on the basis of product, application and encapsulation and packaging method. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.
- On the basis of product, the advanced phase change material market is segmented into organic, inorganic and bio- based. Organic have been further sub-segmented into paraffin based and fatty acid based.
- On the basis of application, the advanced phase change material market is segmented into building and construction, commercial refrigeration, HVAC, energy storage, shipping and transportation and others.
- On the basis of encapsulation and packaging method, the advanced phase change material market is segmented into nano-encapsulation, micro-encapsulation and macro-encapsulation.
Advanced Phase Change Material Market Country Level Analysis
The advanced phase change material market is analysed and market size, volume information is provided by country, product, application and encapsulation and packaging method as referenced above.
The countries covered in the advanced phase change material market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the advanced phase change material market and will continue to flourish its dominance during the forecast period due to the presence of major key players and surge in the use of advanced phase change materials in this region. Asia-Pacific will continue to however project the highest CAGR for this period because of the growing demand for advanced phase change material in this region.
The country section of the advanced phase change material market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Advanced Phase Change Material Market Share Analysis
The advanced phase change material market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to advanced phase change material market.
The major players covered in the advanced phase change material market report are Phase Change Solutions, Henkel Adhesives Technologies India Private Limited, 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; RGEES, LLC; VWR International, LLC.; Croda International Plc; Insolcorp, LLC; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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