$1+ Bn Advanced Phase Change Materials Market - Global Industry Trends, Share, Size, Growth, Opportunity and Forecast to 2024

DUBLIN, July 15, 2019 /PRNewswire/ -- The "Advanced Phase Change Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to ResearchAndMarkets.com's offering.

The market reached a value of US$ 1,055 Million in 2018

The advanced phase change materials market is currently being catalyzed by a rising demand for energy efficient and environment friendly technology. 

Based upon their unique structure, these materials have the ability to absorb, store and release energy during a phase transition. During the energy conversion process, these materials can be converted from liquid to solid or solid to liquid based upon their application. This makes them ideal for a diverse range of end uses which require temperature control. The material, during the transition process, absorbs energy as it changes from a solid to a liquid and releases energy as it changes back to a solid.

Advanced PCMs are mainly segmented into organic PCMs, inorganic PCMs, bio-based PCMs and other PCMs, based on the technology of the material used in the application. Organic PCMs are additionally segmented as paraffin and non-paraffin materials, and inorganic PCMs are further categorized in metallic and salt hydrate. Bio-based APCMs are generally extracted from animal fat or plant oil and postures higher biodegradability over others.

The factors driving the demand for advanced phase change materials include an increasing awareness towards reducing greenhouse gas emissions, strict building codes and a rising demand for renewable sources of energy. Additionally, the augmented demand for these materials from the building and construction industry is further fueling the growth of the market.

Moreover, due to the adoption of these materials across a diverse range of applications, such as packaging, HVAC, refrigeration, electronics, textiles, etc., the advanced phase change materials market is expected to register continuous growth in the near future.

Furthermore, factors such as a growing awareness for energy conservation, continued technological developments and rising levels of urbanization in developing countries are expected to be additional drivers for this market.

Looking forward, the market value is projected to reach US$ 2,736 Million by 2024, exhibiting a CAGR of 17% during 2019-2024.

Market Summary:

Based on type, the market has been segmented as organic PCM, inorganic PCM and bio-based PCM. Currently, organic PCM dominate the market, holding the largest share.

Based on form, the market has been segmented as encapsulated and non-encapsulated. Currently, encapsulated PCM dominates the market, holding the largest share.

On the basis of application, the market has been segmented as building and construction, packaging, HVAC, textiles, electronics and others. Currently, building and construction dominate the market, holding the largest share.

Region-wise, the market has been segmented into Europe, North America, Asia Pacific, Middle East and Africa, and Latin America. Amongst these, Europe is the leading market, accounting for the majority of the market share.

Key Questions Answered in This Report:

• How has the global advanced phase change materials market performed so far and how will it perform in the coming years?
• What are the key regions in the global advanced phase change materials market?
• What are the major application segments in the global advanced phase change materials market?
• What are the major forms in the global advanced phase change materials market?
• What are the key product types in the global advanced phase change materials market?
• What are the price trends of advanced phase change materials?
• What are the various stages in the value chain of the global advanced phase change materials industry?
• What are the key driving factors and challenges in the global advanced phase change materials industry?
• What is the structure of the global advanced phase change materials industry and who are the key players?
• What is the degree of competition in the global advanced phase change materials market?
• How are advanced phase change materials manufactured?

Key Topics Covered:

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Advanced Phase Change Materials Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Type
5.4 Market Breakup by Form
5.5 Market Breakup by Application
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.9 Value Chain Analysis
5.9.1 Overview
5.9.2 Research and Development
5.9.3 Raw Material Procurement
5.9.4 Manufacturing
5.9.5 Distribution
5.9.6 Export
5.9.7 End-Use
5.10 Porters Five Forces Analysis
5.11 Price Analysis
5.11.1 Key Price Indicators
5.11.2 Price Structure
5.11.3 Price Trends

6 Market Breakup by Type
6.1 Organic PCM
6.2 Inorganic PCM
6.3 Bio-Based PCM

7 Market Breakup by Form
7.1 Encapsulated
7.2 Non-Encapsulated

8 Market Breakup by Application
8.1 Building and Construction
8.2 Packaging
8.3 HVAC
8.4 Textiles
8.5 Electronics
8.6 Others

9 Market Breakup by Region
9.1 Europe
9.2 North America
9.3 Asia Pacific
9.4 Middle East and Africa
9.5 Latin America

10 Advanced Phase Change Materials Manufacturing Process
10.1 Product Overview
10.2 Raw Material Requirements
10.3 Manufacturing Process
10.4 Key Success and Risk Factors

11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
11.3.1 BASF
11.3.2 Cryopak
11.3.3 Entropy Solutions
11.3.4 Honeywell International
11.3.5 Outlast Technologies
11.3.6 Climator
11.3.7 Croda International
11.3.8 PCM Products
11.3.9 Phase Change Energy Solutions
11.3.10 PLUSS Advanced Technologies
11.3.11 RGEES
11.3.12 Rubitherm Technologies
11.3.13 Salca
11.3.14 SGL Group

For more information about this report visit https://www.researchandmarkets.com/r/n0me34

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Laura Wood | +353-1-481-1716 | [email protected]

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets