Phase Change Materials (PCM) Market (Updated Version Available)

Overview Of Phase Change Materials (PCM) Market

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 new market research report Phase Change Materials (PCM) Market to its huge collection of research reports. Phase Change Materials (PCM) market and delivers a comprehensive individual analysis on the top companies, including BASF, Honeywell, Cryopak, Entropy Solutions, Climator Sweden, Phase Change Energy Solutions, Outlast Technologies, Dow Building Solutions, Chemours Company, PCM Energy, Rubitherm Technologies

The global Phase Change Materials (PCM) market is estimated to be valued at USDXX Million in the year 2028, growing at a CAGR of XX% in the period 2021 to 2028.

The Phase Change Materials (PCM) market report offers in-depth and extensive analysis of the factors affecting Market Dynamics, Distribution Channel, Product type, and geography, emerging technological trends, market challenges, recent industrial policies, and market size, revenue share and detailed forecasts during 2021-2028. It also provides comprehensive coverage on major industry drivers, restraints, and their impact on market growth during the revenue forecasts for global, regional and country levels.

Key Companies
BASF
Honeywell
Cryopak
Entropy Solutions
Climator Sweden
Phase Change Energy Solutions
Outlast Technologies
Dow Building Solutions
Chemours Company
PCM Energy
Rubitherm Technologies

Market Product Type Segmentation
Organic
Inorganic
Bio-based

Market by Application Segmentation
Building & Construction
Refrigeration
Consumer Goods
Others

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 size of occupied by the prominent leaders for the forecast period, 2021 to 2028?
• What will be the share and the growth rate of the Phase Change Materials (PCM) market during the forecast period?
• What are the future prospects for the Phase Change Materials (PCM) industry in the coming years?
• Which trends are likely to contribute to the development rate of the industry during the forecast period, 2021 to 2028?
• What are the future prospects of the Phase Change Materials (PCM) industry for the forecast period, 2021 to 2028?
• Which companies are dominating the competitive landscape across different region and what strategies have they applied to gain a competitive edge?
• What are the major factors responsible for the growth of the market across the different regions?
• What are the challenges faced by the companies operating in the Phase Change Materials (PCM) market?

Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.