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Phase Change Materials Market Segmentation along with Regional Outlook, Competitive Strategies, Factors Contributing to Growth and Forecast 2024

Phase Change Materials Market is the process of conveying a good quality service to customers. focuses on identifying hidden needs or requirements of customers. Report defines the scope of the Phase Change Materials market, identifying potential of the Phase Change Materials markets and determining optimal pricing for the market, it encouraging potential customers to purchase, and finding the best distribution methods for delivering to customers.

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Market Overview:

  • The phase change materials market is expected to register a CAGR of 19.90% during the forecast period, 2019 – 2024. Major factors driving the market studied are the growing demand from the building and construction industry and growing global trend toward energy saving and sustainable development. However, high cost of material and manufacturing process is expected to hinder the growth of the market studied.
  • – The organic product segment dominated the market in 2018, and it is expected to grow during the forecast period, owing to the growth of construction industries in North America and Asia-Pacific.
  • – Development of phase change thermal interface material is likely to act as an opportunity in the future.
  • – dominated the market across the world, with the largest consumption from the countries, such as Germany and United Kingdom.<

    Key Market Trends:

    Growing Demand from the Building and Construction Industry

    – The building and construction industry has witnessed a significant growth worldwide. There is continuous technological advancement to produce high-quality materials for building and construction activities. Phase change material is one such development, which is slowly penetrating the global construction industry.
    – Developed economies in the and North American regions are witnessing a strong demand for high-end infrastructure projects, which in turn, generates demand for high-quality building and construction materials and services.
    – Leading construction companies are looking to leverage this demand and are incorporating high-quality materials, such as phase change material in its design. In residential buildings, phase change material finds a wide range of applications, since it plays a major role in helping to smooth out temperature fluctuations. In fact, phase change material is the only technology that can curb temperature increase in indoor application, without causing energy expenses.
    – The demand for phase change material in the construction industry is growing rapidly in North America. Green buildings that include smart features to ensure energy-efficiency, which attracts the highest interest, uses phase change material in its construction. This has made these buildings gain higher LEED (Leadership in Energy and Environmental Design) ratings by the United States Green Building Council.
    – The demand for phase change materials in Asia-Pacific is also witnessing moderate growth, owing to rapid urbanization and the growing demand for sustainable buildings, despite the soaring property prices.

    Region is Expected to Dominate the Market

    – has the highest share in the market, accounting for a share of approximately 30% in the global market, in 2018.
    – The an market is primarily driven by the increase in the demand from the end-user industries, including building and construction, packaging, textile, electronics, and transportation. In , packaging is also one of the major industries, where phase change materials are used for food packaging, medical packaging, and biological and chemical packaging.
    – Germany is the largest consumer of phase change materials in . The use of phase change materials is prominent in the construction industry, as the country is focusing on energy-efficient buildings.
    – Phase change materials are widely used in electronics. The German electronics industry holds a major share in and also across the world, aiding to its significant turnover over the years. Phase change materials are widely used in heating ventilation and air conditioning (HVAC) systems. With the increasing domestic and global demand for electronics and Germany’s transition toward renewable energies, the demand for phase change materials in the German electronics industry is also expected to grow during the forecast period.
    – The large market size, coupled with the huge growth of , is quite instrumental in expansion of the phase change materials market.

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    Major Key Players are as Follows

  • Top Players
  • Other Players

    Scope of the Report:

  • This report studies the global Phase Change Materials market size, industry status and forecast, competition landscape and growth opportunity.

    Geographical Regions:

    – China – – Japan – South Korea – United States – Canada – Mexico – Germany – United Kingdom – Italy – France – Brazil – Saudi Arabia – South Africa.

    Topics such as sales and sales revenue overview, production market share by product type, capacity and production overview, import, export, and consumption are covered under the development trend section of the Phase Change Materials market report.

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    Reasons to Purchase Phase Change Materials Market Report Covered:

    • The report examines how Phase Change Materials market will develop in the future.
    • Studying various views of the Phase Change Materials market with the help of Porter’s five forces analysis.
    • Analyzing the product type that is probable to control the market and regions that are likely to witness the fastest development during the forecast period
    • Identify the new developments, Phase Change Materials market shares and strategies employed by the key market players.
    • Competitive landscape including the market share of major players along with the key strategies accepted for growth in the past five years
    • Complete company profiles covering the product offerings, key financial information, current developments, SWOT analysis and strategies employed by the major Phase Change Materials market players

    Detailed TOC of Phase Change Materials Market – Growth, Trends, and Forecast (2019 – 2024)

    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study



    4.1 Drivers
    4.1.1 Growing Demand from the Building and Construction Industry
    4.1.2 Environmental Concerns over Reducing Greenhouse Emissions
    4.1.3 Growing Global Trend toward Energy Saving and Sustainable Development
    4.2 Restraints
    4.2.1 High Cost of Material and Manufacturing Process
    4.2.2 Hazardous Nature of Phase Change Materials
    4.3 Industry Value-Chain Analysis
    4.4 Porter’s Five Forces Analysis
    4.4.1 Bargaining Power of Suppliers
    4.4.2 Bargaining Power of Consumers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products and Services
    4.4.5 Degree of Competition
    4.5 Raw Material Analysis
    4.6 Patent Analysis

    5.1 By Product Type
    5.1.1 Organic
    5.1.2 Inorganic
    5.1.3 Bio-based
    5.2 By Encapsulation Technology
    5.2.1 Macro
    5.2.2 Micro
    5.2.3 Molecular
    5.3 By End-user Industry
    5.3.1 Building and Construction
    5.3.2 Packaging
    5.3.3 Textiles
    5.3.4 Electronics
    5.3.5 Transportation
    5.3.6 Other End-user Industries
    5.4 Geography
    5.4.1 Asia-Pacific China Japan South Korea Rest of Asia-Pacific
    5.4.2 North America United States Canada Mexico
    5.4.3 Germany United Kingdom Italy France Rest of
    5.4.4 Rest of the World Brazil Saudi Arabia South Africa Other Countries

    6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Market Share Analysis**
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 Top Players DowDupont Microtek Laboratories Inc. Henkel AG & Co. KGAA Parker Hannifin Corporation Croda International PLC TCP Reliable Inc.
    6.4.2 Other Players AI Technology Inc. Climator Sweden AB Cosella-Dorken Products Inc. Datum Phase Change Ltd Schoeller Textiles AG PCM Products Ltd Phase Change Energy Solutions Inc. (PCES) Phase Change Products Pty Ltd (PCP) Pluss Polymers Pvt Ltd Rubitherm Technologies Ltd Shenzhen Aochuan Technology Co. Ltd Shin-Etsu Chemical Co. Ltd Appvion Inc. Entropy Solutions LLC Kaplan Energy Aavid Kunze GmbH (Boyd Corporation) Laird Technologies Sonoco Thermosafe (SON) National Gypsum Company Outlast Technologies LLC

    7.1 Growing Applications in the Textile Industry
    7.2 Development of Phase Change Thermal Interface Material
    7.3 Rising Awareness of Bio-based Phase Change Materials
    7.4 Niche Applications
    7.4.1 Phase Change Memory
    7.4.2 Nano-scale Switching
    7.4.3 Glazing
    7.4.4 Other Applications

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    Contact Info:

    Name: Ajay More

    Email: [email protected] 

    Organization: Absolute Reports

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