According to the research report published by DataM Intelligence, the global Advanced Phase Change Materials Market size is expected to reach USD XX billion by 2029, with growth at a CAGR of 18.10% during the forecast period 2022-2029.
Market Growth Drivers:
The advanced Phase change materials market is mainly determined by the accelerating growth in both the packaging and construction industries. In the construction sector PCM is used for space cooling/heating, solar water heating, waste heat retrieval structure, and others.
Increasing international trends to saving energy and supportable expansions are the prominent factors driving the growth of the global advanced phase change materials market. Though, unsafe kind of phase change materials is projected to hamper the advanced phase change materials market growth in the study period. Increasing innovation in the global phase change materials market also produces substantial revenue share over the period.
Regional Insights Analysis:
The advanced phase change materials market in North America and Europe is explained by prominent proficiency and consideration. Furthermore developing nations are experiencing quick growth in their markets. In both developed and developing economies, innovative technology, advanced technology, and the application of new methods are growing the demand for good products.
Europe recorded the largest share in the global advanced phase change materials market share in 2020. The market is majorly owing to updated construction performs in the Europe region and the increasing demand for HVAC systems in individual residential houses. The combination of PCM in the heating system and ventilation will significantly impact the room temperature. Europe shows cold weather situations, hence, quality HVAC systems are required all over the year which will ultimately generate demand for advanced phase change materials.
China has a huge share in the Asia pacific advanced phase change materials market, the PCM market is majorly pushed by the rise in demand from the end-user sector, containing building & Construction, textile, electronics, packaging, and transportation.
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BASF, Honeywell International, DuPont, Cryopak Industries, Advansa B.V, Dow Building Solutions, Phase Change Products Pty Ltd, Climator SWEDEN AB, Salca B.V., Rubitherm Technologies GmbH, and other major companies.
By Product Type:
- Paraffin waxes
- Salt hydrates
- Inorganic eutectics
- Hygroscopic material
By Application Type:
- Thermal energy storage
- Solar power plant
- Building and construction
- Shipping and transportation
- Air conditioning
- North America
- Latin America
- Asia Pacific
- Middle East and Africa
- Rest of the world
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The Full Report has the below insights.
- The report offers a comprehensive evaluation of the market in terms of Market Value (US$) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical data (2020-2021), and verifiable projections about market size during the forecast period (2022-2029).
- Visualize the composition of Advanced Phase Change Materials Market segmentation By Application, By Product Type, and country, highlighting the key commercial assets and players.
- By Application
- By Product Type
- By Region:
- Identify commercial opportunities in the Market by analyzing trends and co-development deals.
- The report also covers data insights on various industry forces such as porter’s five forces, regulations in each country, reimbursement scenario, technological advancements, PEST analysis, and pricing analysis.
- Excel data sheet with thousands of Market-level 4/5 segmentation data points.
- PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
- Product mapping in excel for the key product of all major market players
- The report will provide access to approximately 50+ market data tables, 40+ figures, and close to 180 pages.
Additional Benefits Post Purchase:
- Unlimited Analyst support for a period of 1 year.
- Any query regarding the scope offered will be addressed within 24- 48 hours.
- An excel sheet with market numbers will be provided separately.
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Country: United States