Phase Change Material Market Scenario

Usage of advanced PCM for temperature control coupled with guidelines for the reduction of greenhouse gas emissions are some of the major factors propelling the phase change material market globally. Furthermore, availability of advanced PCM in numerous grades is also one of the factor propelling the growth of phase change material market. However, lack of awareness is one of the major factor expected to hamper the global growth of the phase change material market.   

Phase Change Material Market Segmentation

The Phase Change Material market is segmented by Type, Application and Geography. The Types studied in the report are Inorganic PCM and Organic PCM. Furthermore, various Application of Phase Change Material are Building & Construction, Cold Chain & Packaging, Electronics, HVAC, Refrigeration & Equipment, Textiles, Thermal Energy Storage (TES) and others. Additionally, the Global Phase Change Material Market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World.

Phase Change Material Market by Geography

Geographically, the Phase Change Material market is studied across the countries of key regions such as, North America, Europe, Asia Pacific and RoW. Among all the regions, The Asia-Pacific Phase Change Material market is expected to witness high growth during the forecast period, due to increasing awareness about advanced PCMs in key countries such as China and India. Increasing demand for renewable energy offers significant opportunity for the growth of the advanced PCM market in APAC.

Phase Change Material Market Key Players

Some of the major players operating in the global phase change material market includes Climator Sweden AB, Cold Chain Technologies, Inc., Croda International PLC., Dow Corning Corporation, Henkel Ag & Company, KGAA, Honeywell Electronic Materials, Inc., Laird, Microtek Laboratories Inc., Outlast Technologies LLC, Phase Change Energy Solutions, Phase Change Materials Products Ltd., Pluss Advanced Technologies Pvt. Ltd., Puretemp LLC, Rubitherm Technologies Gmbh and Sasol Limited. These key players in China, followed by the rest of Asia, proposing comparatively low-cost material solutions are anticipated to lead disruptive competition to the established players in North America and Europe.

Phase Change Material Market Report Key Benefits

• The report offers changing market dynamics in the phase change material market, presenting historical, current and projected market size in terms of value (USD Million)
• The report comprises a detailed analysis of the factors that drive and restrict the growth of the global phase change material market.
• The research study provides an in-depth analysis of the industry value chain focusing on the peer and parent markets of phase change material
• It presents a comprehensive assessment of geographical regions exhibiting promising growth, potential and niche segments, and a neutral perspective on the phase change material market performance
• Key players within the global phase change material market are profiled to understand the competitor scenario.

Research Objectives of Phase Change Material Market Report:

• Analysing the outlook of the market with the recent trends and Porter’s five forces analysis.
• Market dynamics, which essentially consider the factors that are impelling the present market scenario, along with growth prospects of the market over the forecast period.
• Market segmentation analysis, including qualitative and quantitative research, incorporating the impact of economic and non-economic aspects.
• Country-level analysis, integrating the demand and supply forces that are influencing the growth of the phase change material market.
• Competitive landscape involving the market share of major players, along with the key strategies adopted for development over the past five years.
• Comprehensive company profiles, covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players.