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2019 – 2024 | Phase Change Materials Market Study by Regional Growth Analysis by Leading Players

Author : Rahul Varpe | Published Date : 2019-10-03 

The Global Phase Change Materials Market 2024 Research Report is a professional and in-depth study on the current state of the Phase Change Materials. Development policies and plans are discussed as well as manufacturing processes and cost structures. This report also states import/export, supply and   figures as well as cost, price, revenue and gross margin by regions North America, Europe, Asia-Pacific, Middle East and Africa and other regions can be added.

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Phase Change Materials Market in North America shall grow at substantial rate during the forecast timespan. This region has switched to cutting-edge technology for construction activities which lead to optimum resource management as well as energy saving, both of which are perfectly provided by phase change materials. The product contributes up to excellent standards in energy conservation, ultimately resulting in reduction in carbon footprint.

Phase change materials market is expected to experience exponential growth over the forecast duration. This substantial growth is owing to the rising awareness on reduction of greenhouse gases and thus minimizing global warming impact. The market is forecast to exceed USD 4 billion; according to a new research report by Global Market Insights.

Phase Change Materials Market Size, By End-user

  1. Building & construction
  2. HVAC
  3. Electrical & electronics
  4. Packaging
  5. Textiles
  6. Chemical industries
  7. Healthcare
  8. Aerospace & automotive
  9. Others

Important pointers encompassed pertaining to the End-user spectrum:

  1. The study is inclusive of significant data pertaining to the End-user spectrum.
  2. The report encompasses the revenue forecast details of the End-user segments categories by the end of the anticipate duration.
  3. The market share which each of the End-user segments account for are mentioned in the study.
  4. Also, the most proliferating trends that the End-user spectrum is characterized by are also entailed.

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Increasing demand for energy in combination with a rising awareness for environmental impact have encouraged the development of sustainable energy sources, including materials for energy storage. Latent heat thermal energy storage with using phase change material have become an area of great interest. It is a reliable and efficient way to reduce energy consumption. These materials have applications in cold storage, comfort temperature regulation and overheat protection.

Eutectic phase change materials provide combination of organic as well as inorganic ingredients properties which can thereby, customized and utilized as per application and end-user requirements. This product segment will witness significant attention in phase change materials market during the forecast timeframe. Bio-based PCM is gradually establishing its demand amongst packaging and textile manufacturers throughout the globe. These are generally vegetable based and offer numerous environmental, safety and social benefits.

The Phase change materials market is varied and includes multinational players and medium scale producers as well. Few major companies functional in this segment are Henkel, BASF SE, Sasol, Entropy Solutions, Phase Change Products, Dow Chemical and Laird PLC.

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https://www.gminsights.com/industry-analysis/phase-change-material-market  

Companies have different business models regarding handling of raw materials and distribution of phase change materials Distribution is generally done through these typical modes such as wholesalers, dealers & distributors, online portals such as Alibaba.com and direct marketing through their official websites. For instance, KraftKolour (Australia) supplies textile industry with Glauber salt PCM. Continuous efforts by companies through research and development activities is well reflected on the number of patents been launched each year.

Related News: https://www.marketwatch.com/press-release/earthmoving-equipment-market-2019---2023-global-industry-trends-and-growth-analysis-by-regional-manufacturers-liebherr-hitachi-john-deere-terex-doosan-2019-10-03

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Corporate Sales, USA

Global Market Insights, Inc.

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About Author

Rahul Varpe

Rahul Varpe

Rahul Varpe currently writes for fractovia. A communication Engineering graduate by education, Rahul started his journey in as a freelancer writer along with regular jobs. Rahul has a prior experience in writing as well as marketing of services and products online. Apart from being an avid reader, his other hobbies include music and sketching. He can be contacted at- [email protected] | https://twitter.com/varperahul

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