Global Advanced Phase Change Materials PCM Market Research Report 2023(Status and Outlook)

Global Advanced Phase Change Materials PCM Market Research Report 2023(Status and Outlook)

Report Overview

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.

Based on the technology of the material used, advanced PCM are broadly categorized as inorganic PCM, organic PCM and Bio-based PCM.

The Global Advanced Phase Change Materials PCM Market Size was estimated at USD 1661.00 million in 2022 and is projected to reach USD 3649.05 million by 2029, exhibiting a CAGR of 11.90% during the forecast period.

Bosson Research’s latest report provides a deep insight into the global Advanced Phase Change Materials PCM market covering all its essential aspects. This ranges from a macro overview of the market to micro details of the market size, competitive landscape, development trend, niche market, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc.

The analysis helps the reader to shape the competition within the industries and strategies for the competitive environment to enhance the potential profit. Furthermore, it provides a simple framework for evaluating and accessing the position of the business organization. The report structure also focuses on the competitive landscape of the Global Advanced Phase Change Materials PCM Market, this report introduces in detail the market share, market performance, product situation, operation situation, etc. of the main players, which helps the readers in the industry to identify the main competitors and deeply understand the competition pattern of the market.

In a word, this report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the Advanced Phase Change Materials PCM market in any manner.

Global Advanced Phase Change Materials PCM Market: Market Segmentation Analysis

The research report includes specific segments by region (country), manufacturers, Type, and Application. Market segmentation creates subsets of a market based on product type, end-user or application, Geographic, and other factors. By understanding the market segments, the decision-maker can leverage this targeting in the product, sales, and marketing strategies. Market segments can power your product development cycles by informing how you create product offerings for different segments.

Key Company

BASF

Honeywell

Cryopak

Entropy Solutions Inc.

Climator Sweden AB

Phase Change Energy Solutions

Outlast Technologies

Dow Building Solutions

Chemours Company

PCM Energy Ltd

Rubitherm Technologies GmbH

Market Segmentation (by Type)

Organic

Inorganic

Bio-Based

Market Segmentation (by Application)

Passenger Cars

Lightweight Commercial Vehicles

Heavy Trucks

Buses & Coaches

Trailers

Geographic Segmentation

North America (USA, Canada, Mexico)

Europe (Germany, UK, France, Russia, Italy, Rest of Europe)

Asia-Pacific (China, Japan, South Korea, India, Southeast Asia, Rest of Asia-Pacific)

South America (Brazil, Argentina, Columbia, Rest of South America)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, South Africa, Rest of MEA)

Key Benefits of This Market Research:

Industry drivers, restraints, and opportunities covered in the study

Neutral perspective on the market performance

Recent industry trends and developments

Competitive landscape & strategies of key players

Potential & niche segments and regions exhibiting promising growth covered

Historical, current, and projected market size, in terms of value

In-depth analysis of the Advanced Phase Change Materials PCM Market

Overview of the regional outlook of the Advanced Phase Change Materials PCM Market:

Key Reasons to Buy this Report:

Access to date statistics compiled by our researchers. These provide you with historical and forecast data, which is analyzed to tell you why your market is set to change

This enables you to anticipate market changes to remain ahead of your competitors