Advanced Phase Change Materials Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW   

Advanced Phase Change Materials (PCMs) are specialized materials that can store and release thermal energy through a physical change such as melting or solidification. These materials are used in various applications, such as building insulation, HVAC systems, and thermal energy storage. They have high thermal storage capacity, maintain a relatively constant temperature over a wide range of temperatures, are non-toxic, non-flammable, and have a long service life. Common types of advanced PCMs include paraffin waxes, eutectic salts, and fatty acid derivatives. They come in different forms, such as pellets, microcapsules, and fibers. Advanced PCMs are superior to traditional PCMs in terms of thermal storage capacity and temperature range.     

MARKET SCOPE

The "Global Advanced Phase Change Materials Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global advanced phase change materials market trend analysis. The report aims to provide an overview of the advanced phase change materials market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading advanced phase change materials market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

• Based on type, the global advanced phase change materials market is segmented into organic tcm and inorganic tcm.
• Based on application, the global advanced phase change materials market is segmented into packaging, building and construction, energy storage, hvac, electronics, others. 

MARKET DYNAMICS

Drivers:

• Demand for "green" construction.
• Rising emphasis on stringent implementation of environmental regulations coupled with growing investment to develop environment-friendly bio-based advanced phase change material.
• Growing awareness and implementation of energy-efficient technologies and practices.

Restraints:

• Stringent government regulations.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global advanced phase change materials market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The advanced phase change materials market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region. The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the advanced phase change materials market in these regions.

IMPACT OF COVID-19 ON ADVANCED PHASE CHANGE MATERIALS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, because of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.

MARKET PLAYERS

The report covers key developments in the advanced phase change materials market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from advanced phase change materials market are anticipated to lucrative growth opportunities in the future with the rising demand for advanced phase change materials in the global market. The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the advanced phase change materials market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

• Advansa B.V.
• BASF SE
• Cryopak
• E. I. Du Pont De Nemours And Company
• Entropy Solutions
• Microtek Laboratories, Inc.
• Outlast Technologies LLC
• Phase Change Energy Solutions
• Pluss Advanced Technologies Pvt. Ltd.
• Sonoco Products Company.

Advanced Phase Change Materials Report Scope