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