Global Phase Change Material Market
Dublin, June 23, 2022 (GLOBE NEWSWIRE) -- The "Phase Change Material Market by Type(Organic, Inorganic), Application (Building & Construction, HVAC, Cold Chain & Packaging, Thermal Energy Storage, Textile, Electronics), Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering. The phase change material market is estimated to grow to USD 1,004 million by 2026 from USD 477 million in 2021, at a CAGR of 16.0%.
Global warming and changing climate patterns are major environmental concerns. The European Union (EU) planned to reduce greenhouse gas emissions by 20% by 2020 and by 40% by 2030, with new environment-friendly technologies being required to achieve this objective.
The use of phase change material is expected to reduce the demand for coolers and heaters, and subsequently lower the demand for electricity. By incorporating phase change material in applications such as building and HVAC, companies now have the potential to earn 10-20 times more carbon credits than available through using other green insulating materials.
Regulations for carbon emission reductions such as the CRC Energy Efficiency Scheme in the UK have made it mandatory for non-energy-intensive organizations in the public and private sectors to reduce carbon emissions. There is an increasing demand for phase change material in buildings that reduces the required compressor load for heating and cooling buildings by maintaining required room temperatures, thus decreasing carbon emissions. All these factors are expected to drive the phase change material market. Inorganic expected to be the largest phase change material type of the phase change material market, in terms of value, between 2021 and 2026 By type, the phase change material market is segmented into inorganic, and organic. Phase change material stores energy as latent heat, in contrast to materials that store energy as sensible heat or chemical energy. Inorganic accounted for the larger share of the global phase change material market in 2020 in terms of value. Rising demand for class-A fire rating phase change material in the country, accompanied by its increasing use in applications such as cold chain & packaging, and refrigeration & equipment drives the demand for inorganic phase change materials. Government initiatives for the construction of green buildings to drive the demand for phase change materials in Europe Europe was the largest market for phase change material in terms of both, value and volume in 2020. Growth of the overall phase change material market in the region is driven majorly by demand from the building & construction application and stringent government regulations regarding carbon emissions. The initiatives of governments for the construction of green buildings boosted market growth as phase change material helps in saving carbon credits allotted to each building. The cost of energy is also high in Europe, which drives demand for phase change material in the region.
Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 4.1 Attractive Opportunities in the Phase Change Material Market 4.2 Phase Change Material Market Size, by Region 4.3 Europe: Phase Change Material Market, by Application and Country, 2020 4.4 Phase Change Material Market Size, by Application 4.5 Phase Change Material Market Size, by Application Vs Region 4.6 Phase Change Material Market, by Key Countries
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Regulations for the Reduction of Greenhouse Gas Emissions 5.2.1.2 Use of Phase Change Material for Temperature Control and Greater Comfort 5.2.1.3 Use of Phase Change Material for Peak-Load Shifting 5.2.1.4 Alternative for Reducing Energy Cost 5.2.1.5 Reduction in Operating Cost for Cold Chain and Packaging Industry 5.2.1.6 Effective Solution for Temperature-Sensitive Applications 5.2.1.7 Technical Superiority Over Conventional Materials 5.2.1.7.1 Wide Range of Melting Temperatures 5.2.1.7.2 Availability of Phase Change Material in Various Grades 5.2.1.7.3 Long Operating Life 5.2.1.7.4 Use for Both, Cooling and Heating Purposes 5.2.1.7.5 High Heat Storage Capacity 5.2.2 Restraints 5.2.2.1 Lack of Awareness for the Benefits of Pcm 5.2.2.2 Flammability and Corrosiveness Restrict the Usage of Pcm 5.2.2.3 Lack of Government Subsidies 5.2.3 Opportunities 5.2.3.1 The Rise in the Need for Cold Chain Logistics 5.2.3.2 R&D Initiatives for Enhanced Phase Change Material Efficiency 5.2.4 Challenges 5.2.4.1 Relatively High Cost of Switching from Conventional Materials 5.2.4.2 Impact of COVID-19 5.3 Porter's Five Forces Analysis 5.4 Technology Analysis 5.4.1 Active Cooling--Based Battery Thermal Management Using Composite Phase Change Materials 5.4.2 Nanoscale Switching 5.5 Macroeconomic Indicators 5.5.1 GDP Trends and Forecast of Major Economies 5.6 COVID-19 Impact 5.6.1 Introduction 5.6.2 COVID-19 Health Assessment 5.6.3 COVID-19 Economic Assessment 5.6.3.1 COVID-19 Impact on the Economy - Scenario Assessment 5.7 Impact of COVID-19: Customer Analysis
6 Industry Trends 6.1 Supply Chain Analysis 6.1.1 Raw Material 6.1.2 Manufacturing of Phase Change Material 6.1.3 Distribution to End-users 6.1.4 Application 6.2 Trends/Disruptions Impacting Customer's Business 6.2.1 Revenue Shifts & Revenue Pockets for Phase Change Material Market 6.3 Connected Markets: Ecosystem 6.4 Case Study Analysis 6.4.1 a Case Study on Heatventors Server Cooling Using Crodatherm 6.4.2 a Case Study on Cold Chain Logistics 6.5 Trade Analysis 6.5.1 Import Scenario of Phase Change Material 6.5.2 Export Scenario of Phase Change Material 6.6 Average Selling Price 6.7 Phase Change Material Market: Realistic, Pessimistic, Optimistic, and Non-COVID-19 Scenario 6.7.1 Non-COVID-19 Scenario 6.7.2 Optimistic Scenario 6.7.3 Pessimistic Scenario 6.7.4 Realistic Scenario 6.8 Regulatory Landscape 6.8.1 Regulations Related to Phase Change Material Market 6.9 Patent Analysis 6.9.1 Approach 6.9.2 Document Type 6.9.3 Jurisdiction Analysis 6.9.4 Top Applicants
7 Phase Change Material Market, by Type 7.1 Introduction 7.2 Inorganic Pcm 7.2.1 The Inflammable Nature of Inorganic Pcms to Drive the Demand During the Forecast Period 7.3 Organic Pcm 7.3.1 Paraffin are the Most Widely Used Organic Pcms 7.3.2 Bio-Based Pcm
8 Phase Change Material Market, by Application 8.1 Introduction 8.2 Cold Chain & Packaging 8.2.1 The Need to Transport Temperature-Sensitive Goods to Drive Demand for Phase Change Material 8.3 Building & Construction 8.3.1 The Need for Temperature Control in Building & Construction to Drive Demand for Phase Change Materials 8.4 HVAC 8.4.1 The Need for Intelligent Heating and Cooling Systems to Drive the Demand for Phase Change Material 8.5 Thermal Energy Storage (Tes) 8.5.1 The Use of Phase Change Material for Storing Renewable Energy to Drive Demand in the Tes Application 8.5.2 Boiler/ Power Plant 8.5.3 Solar Energy Storage 8.5.4 Geothermal Energy Storage 8.6 Refrigeration & Equipment 8.6.1 The Increasing Use of Chillers, Passive Shippers, and Active Compressor Units to Drive the Demand for Phase Change Materials 8.6.2 Fixed Refrigeration 8.7 Textiles 8.7.1 The Demand for Phase Change Materials in Textiles is Increasing Owing to the Need for Thermo-Physical Comfort 8.7.2 Incorporation of Phase Change Material in Textiles 8.8 Electronics 8.8.1 The Use of Phase Change Materials for Thermal Management in Electronic Items to Drive Demand 8.8.2 Phase Change Memory (Pcram) 8.8.3 Thermal Interface Material (Tim) 8.9 Others 8.9.1 Automotive 8.9.2 Healthcare 8.9.3 Telecommunication
9 Phase Change Material Market, by Region
10 Competitive Landscape 10.1 Introduction 10.2 Strategies Adopted by Key Players 10.2.1 Overview of Strategies Adopted by Key Phase Change Material Manufacturers 10.3 Market Share Analysis 10.3.1 Ranking of Key Market Players, 2020 10.3.2 Market Share of Key Players 10.3.2.1 Puretemp LLC 10.3.2.2 Climator Sweden Ab 10.3.2.3 Croda International plc. 10.3.3 Revenue Analysis of Top Three Players 10.4 Company Product Footprint Analysis 10.5 Company Evaluation Quadrant (Tier 1) 10.5.1 Stars 10.5.2 Emerging Leaders 10.5.3 Participant 10.6 Start-Up/Smes Evaluation Quadrant 10.6.1 Progressive Companies 10.6.2 Responsive Companies 10.6.3 Starting Blocks 10.7 Competitive Situation and Trends 10.7.1 New Product Launches 10.7.2 Deals 10.7.3 Other Developments
11 Company Profiles 11.1 Major Players 11.1.1 Puretemp LLC 11.1.2 Climator Sweden Ab 11.1.3 Croda International plc. 11.1.4 Sasol Limited 11.1.5 Rubitherm Technologies GmbH 11.1.6 Microtek Laboratories Inc. 11.1.7 Pluss Advanced Technologies Pvt. Ltd. 11.1.8 Dupont De Nemours, Inc. 11.1.9 Honeywell Electronic Materials Inc. 11.1.10 Phase Change Energy Solutions 11.1.11 Cold Chain Technologies 11.1.12 Outlast Technologies LLC 11.1.13 Henkel AG & Company KGaA 11.1.14 Phase Change Materials Products Ltd 11.2 Other Key Market Players 11.2.1 Advansa B.V. 11.2.2 Ai Technology Inc. 11.2.3 Beyond Industries (China) Limited 11.2.4 Boyd Corporation 11.2.5 Ciat Group (Cristopia Energy Systems) 11.2.6 Cryopak Industries Inc. 11.2.7 Datum Phase Change Limited 11.2.8 Global-E-Systems Europe Bv 11.2.9 Insolcorp Inc. 11.2.10 Iolitec-Ionic Liquids Technologies GmbH 11.2.11 Kaplan Energy Sas 11.2.12 Parker Hannifin Corp. 11.2.13 Salca Bv 11.2.14 Shenzen Aochuan Technology Co., Ltd. 11.2.15 Shin-Etsu Chemical Co., Ltd 11.2.16 Teappcm 11.2.17 Encapsys LLC 11.2.18 Coolcomposite Inc.
For more information about this report visit https://www.researchandmarkets.com/r/f3egnu
Global Phase Change Material Market
The mood has changed at the headquarters of Meta Platforms , parent of Facebook, Instagram and WhatsApp, in Menlo Park, California. For months now, many economists have been anticipating a sharp downturn in the economy due to aggressive monetary policy by the Federal Reserve and central banks around the world to combat record price increases everywhere. The Russian war in Ukraine has further exacerbated the supply chain problems caused by the Covid-19 pandemic.
The CEO of social media giant Meta is pessimistic about the economy and is looking for ways to keep his company profitable.
Tesla said it had a record rate of production in June, but supply chain disruption and the closure of its Shanghai gigafactory triggered a slump in Q2 deliveries.
(Bloomberg) -- Global oil prices could reach a “stratospheric” $380 a barrel if US and European penalties prompt Russia to inflict retaliatory crude-output cuts, JPMorgan Chase & Co. analysts warned.Most Read from BloombergJPMorgan Sees ‘Stratospheric’ $380 Oil on Worst-Case Russian CutCrypto Meltdown Claims Rolex and Patek Philippe as VictimsNetflix Crashes After ‘Stranger Things 4’ Finale ReleaseThe Wheels Have Come Off Electric VehiclesUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden
(Bloomberg) -- Commodities are careering into a second half that promises as much turmoil as the first, with the world facing an escalating energy crisis, copper plunging on Fed-fueled recession fears, and Russian President Vladimir Putin delivering a shock for Shell Plc.Most Read from BloombergJPMorgan Sees ‘Stratospheric’ $380 Oil on Worst-Case Russian CutCrypto Meltdown Claims Rolex and Patek Philippe as VictimsNetflix Crashes After ‘Stranger Things 4’ Finale ReleaseThe Wheels Have Come Off E
HOUSTON (Reuters) -Exxon Mobil Corp on Friday signaled that skyrocketing margins from fuel and crude sales could generate a record quarterly profit, according to a securities filing. Energy prices have shot up this year with oil selling for more than $105 per barrel and gasoline at about $5 per gallon in the United States. In the first quarter, Exxon posted an $8.8 billion profit, excluding a Russia writedown.
Elon Musk was laughing. Tesla, the entrepreneur’s electric car maker, had just delivered its first ever back-to-back quarterly profits and the ebullient chief executive was delighting in telling Wall Street just how he’d pulled it off.
The legacy automaker has just made a decision that will affect consumers buying its electric vehicles via a lease.
Endo International plc (NASDAQ: ENDP) announced today that a federal jury in Chicago, Illinois, has returned a verdict in favor of the Company's subsidiaries Endo Pharmaceuticals Inc. and Endo Health Solutions Inc. (collectively Endo), in an antitrust trial.
Inflation has touched all parts of the economy. According to Blake Hurst, a farmer and former president of the Missouri Farm Bureau, it's hitting both farmers and consumers.
Meta (META) could be bracing for a "tornado-like quarter," says Wedbush Managing Director Dan Ives.
In this article, we take a look at the top 10 oil and gas stocks to invest in. If you want to skip our detailed analysis of the energy sector, go to Top 5 Oil and Gas Stocks to Invest In. The stock market has been going through a rough patch for quite some time […]
California on Thursday approved a plan to tax the electric vehicle battery metal lithium to generate revenue for environmental remediation projects despite industry concerns that it will harm the sector and delay shipments to automakers. Governor Gavin Newsom, a Democrat, approved the tax as part of a must-pass state budget on Thursday. The tax is structured as a flat-rate per tonne and will go into effect in January.
(Bloomberg) -- A measure of US manufacturing activity weakened in June to a two-year low as new orders contracted, restrained by lingering supply constraints and some softening in demand.Most Read from BloombergJPMorgan Sees ‘Stratospheric’ $380 Oil on Worst-Case Russian CutCrypto Meltdown Claims Rolex and Patek Philippe as VictimsNetflix Crashes After ‘Stranger Things 4’ Finale ReleaseThe Wheels Have Come Off Electric VehiclesUS Will Face High Gas Prices ‘as Long as It Takes,’ Biden SaysThe Ins
IBM is up while the tech industry totters
“The pilot shortage for the industry is real"
Exxon Mobil has gained as oil prices surged and Russia attacked Ukraine, but is XOM still a buy after Q1 earnings and softening oil prices?
Intel's usage is expected to increase Columbus' water output — which averages 141.9 million gallons a day — by about 3.5% on a daily and annual basis. But first a deal needs to be struck. And that hasn't happened yet.
Some McDonald’s locations are axing the chain’s U.S. deal offering soda and other cold beverages of any size for a buck as restaurant owners try to manage a record spate of inflation.
Most of Netflix's streaming video rivals offer lower-priced or free tiers of their services to consumers who are willing to watch ads during their programming. Simply put, of the eight major streaming services available in the United States, Netflix ranks last in terms of overall perceived value.