Global Phase Change Material (PCM) Market Growth 2023-2029

Global Phase Change Material (PCM) Market Growth 2023-2029

A phase change material (PCM) is a substance with a high heat of fusion which, melting and solidifying at a certain temperature, is capable of storing and releasing large amounts of energy. Heat is absorbed or released when the material changes from solid to liquid and vice versa; thus, PCMs are classified as latent heat storage (LHS) units.
LPI (LP Information)' newest research report, the “Phase Change Material (PCM) Industry Forecast” looks at past sales and reviews total world Phase Change Material (PCM) sales in 2022, providing a comprehensive analysis by region and market sector of projected Phase Change Material (PCM) sales for 2023 through 2029. With Phase Change Material (PCM) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Phase Change Material (PCM) industry.
This Insight Report provides a comprehensive analysis of the global Phase Change Material (PCM) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Phase Change Material (PCM) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Phase Change Material (PCM) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Phase Change Material (PCM) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Phase Change Material (PCM).
The global Phase Change Material (PCM) market size is projected to grow from US$ 1022.6 million in 2022 to US$ 2354.9 million in 2029; it is expected to grow at a CAGR of 2354.9 from 2023 to 2029.
Key players operating in the Phase Change Material market are Henkel AG & Company, Honeywell, Croda International, Sasol Germany GmbH, Microtek Laboratories Inc, etc. Top 5 companies accouted for a combined market share about 42% of the world total. Henkel AG & Company, with a share of 17%, was the largest manufacturer among those companies. Europe is now the world's biggest producer and largest exporter of Phase Change Material, with approximately 31% of the global share.
This report presents a comprehensive overview, market shares, and growth opportunities of Phase Change Material (PCM) market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Organic
Inorganic
Bio-based
Segmentation by application
Building & Construction
Refrigeration & Logistics
Textile
Electronics
Others
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Henkel AG & Company
Honeywell
Croda International
Sasol Germany GmbH
Microtek Laboratories Inc
DuPont and Dow
Parker
Laird PLC
Phase Change Energy Solutions
Cryopak
SGL Carbon
Rubitherm Technologies GmbH
Cold Chain Technologies, Inc
PLUSS Advanced Technologies
Outlast Technologies
Key Questions Addressed in this Report
What is the 10-year outlook for the global Phase Change Material (PCM) market?
What factors are driving Phase Change Material (PCM) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Phase Change Material (PCM) market opportunities vary by end market size?
How does Phase Change Material (PCM) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.