Phase change material (PCM) Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

According to the International Energy Agency (IEA), heat is the largest end energy use, accounting for over 50% of total energy consumption. In addition, global energy use in 2018 was measured to be twice that of 2010. With increasing energy consumption and foreseeable requirements for the future, it has become essential for the world to find solutions to conserve or store energy. Freed from various tasks.

Phase change material (PCM) market size is projected to reach USD 889 million by 2027 from USD 423 million in 2020, at a CAGR of 16%.

The major players crusading for the phase change materials market share are Henkel, BASF SE, Sasol, Laird Plc, Croda, Dow Chemical Company, Phase Change Product Pty Ltd., Cryopak, Climator Sweden, Outlast Technologies, Rubitherm Technologies, and PCM Energy.

By Product

• Paraffin
• Non-paraffin
• Salt Hydrates
• Eutectics

By End-user

• Building & Construction
• HVAC
• Electrical & Electronics
• Packaging
• Textile
• Chemical Industries
• Healthcare
• Aerospace & Automotive
• Others

Scope of the Report

The research study analyzes the global Phase change material (PCM) industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Phase change material (PCM) Market Report

1. What was the Phase change material (PCM) Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).

2. What will be the CAGR of Phase change material (PCM) Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Phase change material (PCM) Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.