The Phase Change Material Market Size was valued at USD 560.36 million in 2022. It is projected to reach USD 1901.42 million by 2030, exhibiting a robust compound annual growth rate (CAGR) of 16.5% during the forecast period from 2023 to 2030.

Phase Change Material Market Trends are gaining significant traction in various industries due to their unique thermal properties. These materials have the ability to store and release large amounts of energy during phase transitions, making them ideal for applications such as thermal energy storage, building insulation, and temperature regulation in electronics.

The market for phase change materials is expected to witness substantial growth in the coming years. Factors driving this growth include the increasing demand for energy-efficient solutions, rising awareness about environmental sustainability, and the growing need for thermal management in various industries.

Furthermore, the construction sector is anticipated to be a major contributor to the market expansion. The use of PCMs in building materials, such as concrete and insulation, helps in reducing energy consumption by maintaining stable indoor temperatures. This not only enhances comfort for occupants but also reduces the reliance on heating and cooling systems, leading to significant energy savings.

Moreover, the electronics industry is also expected to fuel the demand for phase change materials. With the continuous miniaturization of electronic devices, the need for efficient thermal management becomes crucial. PCMs offer an effective solution by absorbing and dissipating heat generated by electronic components, thereby preventing overheating and improving device performance and reliability.

 

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Market Segmentation:

By Type

  • Organic
  • Inorganic
  • Eutectic

By Temperature Range

  • -20 to -35 deg C
  • 2 to 8 deg C
  • 12 to 15 deg C
  • Others

By End-user

By Application

  • HVAC
  • Cold Chain & Packaging
  • Thermal Energy Storage
  • Electronics
  • Textile
  • Building & Construction
  • Refrigeration & Equipment
  • Others

Key players:

Croda International Plc, Sasol Limited, Cold Chain Technologies Inc., Phase Change Materials Products Ltd., Honeywell Electronic Materials, Sumitomo Chemical Co. Ltd., Henkel AG & Company KGAA, PureTemp LLC, Microtek Laboratories Inc., Rubitherm Technologies GmbH, and other players.

 

Complete Report Details @ https://www.snsinsider.com/reports/phase-change-material-market-1812 

Table of Content
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession on Major Economies
5. Value Chain Analysis
6. Porter’s 5 forces model Textile Chemicals Market
7. PEST Analysis
8. Emulsion Phase Change Material Market Trends By Type
9.Emulsion Phase Change Material Market Trends By By Temperature Range
10.Emulsion Phase Change Material Market Trends By Application
11.Regional Analysis
12. Company Profiles
13. Competitive Landscape
14. Conclusion

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