Summarization Of the Report
Phase change materials (PCMs) are substances with a high enthalpy of fusion, also known as latent heat, meaning they can store large quantities of heat energy as they change phase. When melting, they absorb heat and maintain the temperature of the environment at a certain value until completely molten. When the temperature of the environment falls below the crystallisation temperature, the PCM will start to solidify, releasing large quantities of heat and maintaining the temperature until completely solid.
Latent heat storage can be achieved through liquid–>solid, solid–>liquid, solid–>gas and liquid–>gas phase changes. However, only solid–>liquid and liquid–>solid phase changes are practical for PCMs. Although liquid–gas transitions have a higher heat of transformation than solid–liquid transitions, liquid->gas phase changes are impractical for thermal storage because large volumes or high pressures are required to store the materials in their gas phase. Solid–solid phase changes are typically very slow and have a relatively low heat of transformation.
Phase change materials are products that release or absorb heat when they change from one phase to another (usually from solid to liquid or vice versa). These materials store thermal energy in the form of latent heat, which is released when they freeze or crystallize and absorbed when they melt at their respective melting/freezing temperature points. Hence, they are used in a broad range of applications that require thermal control and management.
The Phase Change Materials (PCM) market research report discusses the importance of the segments as well as the regional markets. An accurate overview for different segments and regions has been prepared on the basis of the market size as well as the growth rate (CAGR). Different industry professionals and research analysts in various regions have examined and validated the data presented in this research report.
Apart from this, the market research report contains an in-depth analysis of the forecasted data, important developments, and revenues. Further, it contains a thorough analysis of the important strategies undertaken by the leading market players to drive their business growth in the global Phase Change Materials (PCM) market while maintaining their competitive edge over their competitors. The report offers detailed and crucial information to understand the overall market scenario.
In addition, the research report highlights crucial information on upstream raw materials, market development trends, downstream client surveys, and marketing channels. Further, it contains recommendations that offer important information on raw material suppliers, traders, distributors, consumers, and manufacturing equipment suppliers with their contact details, in order to perform an in-depth market chain analysis for the global Phase Change Materials (PCM) market and the energy industry.
The prime objective of this report is to help the user understand the market in terms of its definition, segmentation, market potential, influential trends, and the challenges that the market is facing with 10 major regions and 30 major countries.
The report forecast global Phase Change Materials (PCM) market to grow to reach xxx Million USD in 2020 with a CAGR of xx% during the period 2021-2028.
Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.
First, this report covers the present status and the future prospects of the global Phase Change Materials (PCM) market for 2015-2028.
Market Segmentation
The Phase Change Materials (PCM) market is segmented on the basis of type, application, end-use industry, and region & country.
Key Companies
BASF
Honeywell
Cryopak
Entropy Solutions
Climator Sweden
Phase Change Energy Solutions
Outlast Technologies
Dow Building Solutions
Chemours Company
PCM Energy
Rubitherm Technologies
At the same time, we classify Phase Change Materials (PCM) according to the type, application by geography. More importantly, the report includes major countries market based on the type and application.
Market by Order Type
Organic
Inorganic
Bio-based
In Market segmentation by applications :
Building & Construction
Refrigeration
Consumer Goods
Others
Market Segment as follows:
By Region
Asia-Pacific[China, Southeast Asia, India, Japan, Korea, Western Asia]
Europe[Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
North America[United States, Canada, Mexico]
Middle East & Africa[GCC, North Africa, South Africa]
South America[Brazil, Argentina, Columbia, Chile, Peru]
The research provides answers to the following key questions:
• What is the estimated growth rate and market share and size of the Phase Change Materials (PCM) market for the forecast period 2021 - 2028?
• What are the driving forces in the Phase Change Materials (PCM) market for the forecast period 2021 - 2028?
• Who are the prominent market players and how have they gained a competitive edge over other competitors?
• What are the market trends influencing the progress of the Phase Change Materials (PCM) industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the market hold for the prominent market players?
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