The global phase change material market is projected to reach $1 billion by 2030, at a CAGR of 16.1% during 2024-2030. The growth of phase change material market is driven by growth in the construction industry, increasing demand for thermal packaging, and strict regulations for reducing carbon footprints.
Some of the key questions answered in this exclusive report are:
Q.1 What are some of the
most promising, high-growth opportunities for the phase change material market
by product form (organic, inorganic, and bio-based and others), end use
industry (building and construction, HVAC, cold chain and packaging, thermal
energy storage, electronics, textile, and others), and region (North America,
Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will
grow at a faster pace and why?
Q.3 What are the business
risks and threats to the phase change material market?
Q.4 What are some
changing demands of customers in the phase change material market?
Q.5 What are the new
developments in the phase change material market? Which companies are leading
these developments?
Q.6 What strategic
initiatives are being implemented by key players for business growth?
Q.7 What are some of the
competitive products and processes in this phase change material area and how
big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A
activity has occurred in the last 5 years in this phase change material market?
Market Segmentation:
Based on product form,
the phase change material market is segmented into organic, inorganic, and
bio-based and others. The organic segment accounted for the largest share of
the market in 2024 and is expected to register the highest CAGR during the
forecast period, due to the growing usage of paraffin waxes for electronics
thermal management.
Europe is expected to be
the largest region with the highest growth over the forecast period due to
increasing demand from green building construction and development in the
region.
Key Players in the phase
change material market are Honeywell, DuPont, Sasol, Croda, PureTemp, Pluss Advanced
Technologies, Phase Change Energy Solutions, Rubitherm Technologies, Phase
Change Materials Products, and Outlast Technologies.
The report helps stakeholders understand the
pulse of the market and provides them with information on key drivers, restraints,
challenges, and opportunities for market growth. It would also help to
understand the competitors better and gain more insights to improve their
position in the business.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
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