Lucintel Forecasts Phase Change Material Market to Grow at a CAGR of 17% from 2019 to 2024

According to the recent study the phase change material market is projected to grow at a CAGR of 17 % from 2019 to 2024. Growth in this market is primarily driven by increasing awareness towards reducing greenhouse gas emissions and growing demand for renewable sources of energy.

Browse XX figures / charts and XX tables in this 150 -page report to understand trends, opportunities and forecast in phase change material market by product form (inorganic, organic, and bio-based), end use (building & construction, HVAC, cold chain & packaging, TES, refrigeration & equipment, electronics, textiles, and others), and region (Asia Pacific, North America, Europe, and ROW).

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“Inorganic market is expected to remain the largest segment during the forecast period.”

Based on product form, the phase change material market is segmented into inorganic, organic, and bio-based. Lucintel forecasts that the inorganic market is expected to remain the largest segment.

“Within the phase change material market, the building & construction segment is expected to remain the largest end use industry.”

Based on end use industry the building & construction segment is expected to witness the highest growth over the forecast period.

“Europe will dominate the phase change material market in near future.”

Europe will remain the largest market over the forecast period due to growing concerns over improving efficiency in buildings and rising cost of energy.

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Major players of phase change material market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Honeywell Electronic Materials, Inc., Laird Plc, Sasol Ltd., Croda International Plc., Entropy Solutions LLC, Microtek Laboratories Inc., Pluss Technologies Pvt. Ltd., Phase Change Energy Solutions Inc., Rubitherm Technologies GmbH, Phase Change Materials Products Ltd., Outlast Technologies LLC, Henkel AG & Company, Advansa BV, AI Technology Inc., Climator Sweden AB,  Cryopak Industries Inc., Datum Phase Change Limited, Dow Corning Corporation, Global E-Systems Europe B.V., Insolcorp, Inc., Iolitec Ionic Liquids Technologies GmbH, Salca BV, and TeapPCM are among the major phase change material providers.

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 click on this link https://www.lucintel.com/phase-change-materials-market.aspx  or helpdesk@lucintel.com.

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Contact:
Brandon Fitzgerald
Lucintel
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Email: brandon.fitzgerald@lucintel.com
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