The global phase change materials industry is expected to

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Dublin, June 23, 2022 (GLOBE NEWSWIRE) — The “Phase Change Materials Market by Type (Organic, Inorganic), Application (Building & Construction, HVAC, Cold Chain & Packaging, Thermal Energy Storage, Textile, Electronics ), region – “Global Forecast to 2026” report added to from ResearchAndMarkets.com offer.

The Phase Change Materials Market is expected to reach USD 1,004 Million by 2026, from USD 477 Million in 2021, at a CAGR of 16.0%.

Global warming and climate change are major environmental concerns. The European Union (EU) planned to reduce greenhouse gas emissions by 20% by 2020 and 40% by 2030, with new environmentally friendly technologies needed to achieve this goal.

The use of phase change materials is expected to reduce the demand for coolers and heaters, and subsequently reduce the demand for electricity. By incorporating phase change materials into applications such as construction and HVAC, companies now have the potential to earn 10 to 20 times more carbon credits than those available using other green insulation materials.

Carbon reduction regulations such as the CRC Energy Efficiency Scheme in the UK have made it mandatory for low energy organizations in the public and private sectors to reduce carbon emissions. There is a growing demand for phase change materials in buildings that reduce the compressor load required for building heating and cooling by maintaining required ambient temperatures, thereby reducing carbon emissions. All these factors are expected to drive the phase change materials market.

Inorganic is expected to be the largest phase change material type in the phase change materials market, by value, between 2021 and 2026

By Type, the phase change materials market is segmented into inorganic and organic. Phase change materials store energy as latent heat, unlike materials which store energy as sensible heat or chemical energy. Inorganics accounted for the largest share of the global phase change materials market in 2020 in terms of value. Growing demand for Class A fire rated phase change materials in the country, along with its growing use in applications such as cold chain and packaging, as well as refrigeration and equipment, is driving the demand for inorganic phase change materials.

Government initiatives for green building construction to drive demand for phase change materials in Europe

Europe was the largest phase change materials market by value and volume in 2020. The growth of the overall phase change materials market in the region is primarily driven by demand from building and construction applications. construction and by strict government regulations regarding carbon emissions. Initiatives by governments for green building construction have driven the growth of the market as phase change materials help in saving the carbon credits allocated to each building. The cost of energy is also high in Europe, which is driving the demand for phase change materials in the region.

Main topics covered:

1. Introduction

2 Research methodology

3 Executive summary

4 premium previews
4.1 Attractive Opportunities in the Phase Change Materials Market
4.2 Phase Change Materials Market Size, by Region
4.3 Europe Phase Change Materials Market, by Application and Country, 2020
4.4 Phase Change Materials Market Size by Application
4.5 Phase Change Materials Market Size by Application with Respect to Region
4.6 Phase Change Materials Market, by Key Countries

5 Market Overview
5.1 Presentation
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Regulations for the reduction of greenhouse gas emissions
5.2.1.2 Use of phase change material for temperature control and greater comfort
5.2.1.3 Use of phase change material for peak load offset
5.2.1.4 Alternative to reduce energy cost
5.2.1.5 Reduced operating costs for cold chain and packaging industry
5.2.1.6 Efficient solution for temperature-sensitive applications
5.2.1.7 Technical superiority over conventional materials
5.2.1.7.1 Wide range of melting temperatures
5.2.1.7.2 Availability of phase change material in different grades
5.2.1.7.3 Long life
5.2.1.7.4 Use for cooling and heating purposes
5.2.1.7.5 High heat storage capacity
5.2.2 Constraints
5.2.2.1 Lack of Awareness of the Benefits of Pcm
5.2.2.2 Flammability and corrosivity restrict the use of Pcm
5.2.2.3 Absence of government subsidies
5.2.3 Opportunities
5.2.3.1 Growing need for cold chain logistics
5.2.3.2 R&D initiatives to improve the efficiency of phase change materials
5.2.4 Challenges
5.2.4.1 Relatively high cost of replacing conventional materials
5.2.4.2 Impact of COVID-19
5.3 Porter’s Five Forces Analysis
5.4 Technology Analysis
5.4.1 Battery thermal management based on active cooling using phase change composite materials
5.4.2 Nanoscale switching
5.5 Macroeconomic indicators
5.5.1 GDP Trends and Forecasts of Major Economies
5.6 Impact of COVID-19
5.6.1 Presentation
5.6.2 COVID-19 Health Assessment
5.6.3 Economic assessment of COVID-19
5.6.3.1 Impact of COVID-19 on the Economy – Scenario Assessment
5.7 Impact of COVID-19: Customer Analysis

6 industry trends
6.1 Supply Chain Analysis
6.1.1 Raw material
6.1.2 Manufacture of the phase change material
6.1.3 Distribution to end users
6.1.4 Application
6.2 Trends/disruptions affecting customer business
6.2.1 Revenue Shifts and Revenue Pockets for Phase Change Materials Market
6.3 Connected markets: ecosystem
6.4 Analysis of case studies
6.4.1 A Case Study of Heatventors Server Cooling Using Crodatherm
6.4.2 a case study on cold chain logistics
6.5 Business Analysis
6.5.1 Phase Change Material Import Scenario
6.5.2 Phase Change Material Export Scenario
6.6 Average selling price
6.7 Phase Change Materials Market: Realistic, Pessimistic, Optimistic and Non-COVID-19 Scenario
6.7.1 Non-COVID-19 scenario
6.7.2 Optimistic scenario
6.7.3 Pessimistic scenario
6.7.4 Realistic scenario
6.8 Regulatory landscape
6.8.1 Phase Change Materials Market Regulations
6.9 Patent analysis
6.9.1 Approach
6.9.2 Type of documents
6.9.3 Jurisdictional analysis
6.9.4 Main candidates

7 Phase Change Materials Market, by Type
7.1 Presentation
7.2 Pcm inorganic
7.2.1 Flammable Nature of Inorganic PCMs to Drive Demand During the Forecast Period
7.3 Organic cfm
7.3.1 Paraffin is the most widely used organic PCM
7.3.2 Biobased pcm

8 Phase Change Materials Market, by Application
8.1 Presentation
8.2 Cold chain and packaging
8.2.1 The Need to Transport Temperature Sensitive Goods to Drive the Demand for Phase Change Materials
8.3 Building and Construction
8.3.1 The need for temperature control in building and construction to drive demand for phase change materials
8.4 HVAC
8.4.1 The Need for Smart Heating and Cooling Systems to Drive the Demand for Phase Change Materials
8.5 Thermal energy storage (Tes)
8.5.1 Use of phase change materials to store renewable energy to drive demand in Tes application
8.5.2 Boiler/power plant
8.5.3 Solar energy storage
8.5.4 Geothermal energy storage
8.6 Refrigeration and equipment
8.6.1 Growing use of chillers, passive shippers and active compressor units to drive demand for phase change materials
8.6.2 Stationary refrigeration
8.7 Fabrics
8.7.1 Demand for phase change materials in textiles is increasing due to the need for thermo-physical comfort
8.7.2 Incorporation of phase change materials into textiles
8.8 Electronics
8.8.1 Use of phase change materials for thermal management of electronic items to drive demand
8.8.2 Phase change memory (Pcram)
8.8.3 Thermal Interface Material (Tim)
8.9 Others
8.9.1 Automotive
8.9.2 Healthcare
8.9.3 Telecommunication

9 Phase Change Materials Market, by Region

10 Competitive Landscape
10.1 Presentation
10.2 Strategies Adopted by Key Players
10.2.1 Overview of Strategies Adopted by Major Phase Change Materials Manufacturers
10.3 Market Share Analysis
10.3.1 Major Market Players Ranking, 2020
10.3.2 Market Share of Key Players
10.3.2.1 Puretemp LLC
10.3.2.2 Climator Sweden Ab
10.3.2.3 Croda International plc.
10.3.3 Top Three Players Revenue Analysis
10.4 Company Product Footprint Analysis
10.5 Business Rating Quadrant (Level 1)
10.5.1 Stars
10.5.2 Emerging Leaders
10.5.3 Participant
10.6 Quadrant for assessment of start-ups/SMEs
10.6.1 Progressive companies
10.6.2 Sensitive companies
10.6.3 Starting Blocks
10.7 Competitive Situation and Trends
10.7.1 New Product Launches
10.7.2 Offers
10.7.3 Other developments

11 company profiles
11.1 Key Players
11.1.1 Puretemp LLC
11.1.2 Climator Sweden Ab
11.1.3 Croda International plc.
11.1.4 Sasol Limited
11.1.5 Rubitherm Technologies GmbH
11.1.6 Microtek Laboratories Inc.
11.1.7 Pluss Advanced Technologies Pvt. ltd.
11.1.8 Dupont De Nemours, Inc.
11.1.9 Honeywell Electronic Materials Inc.
11.1.10 Phase Change Energy Solutions
11.1.11 Cold chain technologies
11.1.12 Outlast Technologies LLC
11.1.13 Henkel AG & Company KGaA
11.1.14 Phase Change Materials Products Ltd
11.2 Other Key Market Players
11.2.1 Advansa B.V.
11.2.2 Ai Technology Inc.
11.2.3 Beyond Industries (China) Limited
11.2.4 Boyd Society
11.2.5 Ciat Group (Cristolia Energy Systems)
11.2.6 Cryopak Industries Inc.
11.2.7 Limited reference phase change
11.2.8 Global-E-Systems Europe Bv
11.2.9 Insolcorp Inc.
11.2.10 Iolitec-Ionic Liquids Technologies GmbH
11.2.11 Kaplan Energy SAS
11.2.12 Parker Hannifin Corp.
11.2.13 Salca Bv
11.2.14 Shenzhen Aochuan Technology Co., Ltd.
11.2.15 Shin-Etsu Chemical Co., Ltd.
11.2.16 Appcm
11.2.17 Encapsys LLC
11.2.18 Coolcomposite Inc.

12 adjacent and related markets

13 Appendix

For more information on this report visit https://www.researchandmarkets.com/r/f3egnu

  • Global Phase Change Materials Market


        
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