According to a market report by Lucintel, the future of the global phase change material market looks promising with opportunities in the building and construction, HVAC, cold chain and packaging, thermal energy storage, electronics, textile, and other end use industries. The global phase change material market is expected to reach an estimated $1,742 million by 2030 from $689 million in 2023 at a CAGR of 14% from 2023 to 2030. The major drivers for this market are growth in the construction industry, increasing demand for thermal packaging, and strict regulations for reducing carbon footprints.
Browse 78 figures/charts and 50
tables in this 173–page report to understand trends, opportunity and forecast in global phase change material market to 2030
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).
Lucintel
forecasts that organic will remain the largest segment over the forecast period
due to the growing usage of paraffin waxes for electronics thermal management.
Within
this market, building and construction will remain the largest segment by end
use industry over the forecast period due to increasing usage of phase change
materials for reducing the energy consumption of buildings.
Europe
will remain the largest market over the forecast period due to increasing
demand from green building construction and development in the region.
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sample by clicking on phase change
material market.
Honeywell,
DuPont, Sasol, Croda, PureTemp, Pluss Advanced Technologies, Phase Change
Energy Solutions, Rubitherm Technologies, Phase Change Materials Products, and
Outlast Technologies are the major suppliers in the phase change material
market.
This unique research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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