Phase Change Materials Market growth outlook with industry review and forecasts 2017-2024
An outlook Phase Change Materials Market growth is presented in this latest research report that reviews industry growth drivers, trends, regional factors & companies as well as provides forecasts for next few years.
An outlook Phase Change Materials Market growth is presented in this latest research report that reviews industry growth drivers, trends, regional factors & companies as well as provides forecasts for next few years.
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
<strong>Phase</strong> <strong>Change</strong> <strong>Materials</strong> <strong>Market</strong> research report by <strong>2017</strong><br />
to <strong>2024</strong>: Global <strong>Market</strong> Insights, Inc.<br />
<strong>Phase</strong> <strong>Change</strong> <strong>Materials</strong> <strong>Market</strong> from North America <strong>and</strong> Europe will be growing at<br />
prominent rates during the forecast period. Most of the countries in these regions have<br />
adopted advanced construction practices which utilize products such as phase change<br />
materials to improve the overall energy efficiency of structures. This contributes well in<br />
energy saving <strong>and</strong> ultimately aids in carbon footprint reduction. <strong>Phase</strong> change materials will<br />
experience surged dem<strong>and</strong> in these regions over the forecast duration.<br />
<strong>Phase</strong> <strong>Change</strong> <strong>Materials</strong> <strong>Market</strong> size is forecast to exceed USD 4 billion by <strong>2024</strong>; according<br />
to a new research report by Global <strong>Market</strong> Insights, Inc.<br />
<strong>Phase</strong> change materials (PCM) market is poised to witness substantial <strong>growth</strong> rate during<br />
the forecast period. This exponential <strong>growth</strong> can be attributed to increasing global emphasis<br />
on reduction of greenhouse gases. According to International Energy Agency, global energy<br />
consumption increased twice from 1973 to 2012, reaching to approximately 8,500 Mtoe<br />
(million tons of oil equivalent). This has led to increase in greenhouse gas emissions by 7.7%<br />
from 1990 to 2014. Thus, there is a pressing need for energy saving <strong>and</strong> corresponding<br />
hazardous gas emission. To achieve this objective new environmental friendly technologies<br />
<strong>and</strong> gadgets are required. PCMs utilize latent heat of phase change for controlling<br />
temperature <strong>with</strong>in a set range. Use of PCMs in as many applications as possible will reduce<br />
the dem<strong>and</strong> for coolers <strong>and</strong> heaters <strong>and</strong> subsequently reduce energy consumption. By<br />
incorporating phase change materials in applications such as building <strong>and</strong> construction, <strong>and</strong><br />
HVAC, companies can earn 10-20 times more carbon credits compared to other greener<br />
insulating materials.<br />
© <strong>2017</strong> Global <strong>Market</strong> Insights Inc. All Rights Reserved www.gminsights.com
To browse this report titled, “<strong>Phase</strong> <strong>Change</strong> <strong>Materials</strong> <strong>Market</strong> Size By Product (Paraffin,<br />
Non-Paraffin, Salt Hydrates, Eutectics), By End-user (Building & Construction, HVAC,<br />
Electrical & Electronics, Packaging, Textiles, Chemical, Healthcare, Aerospace &<br />
Automotive) Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany,<br />
France, Italy, Spain, Russia, China, India, Japan, Australia, Malaysia, Indonesia, South<br />
Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Application Potential,<br />
Price Trends, Competitive <strong>Market</strong> Share & Forecast, <strong>2017</strong> – <strong>2024</strong>” please click on the<br />
link below:<br />
https://www.gminsights.com/<strong>industry</strong>-analysis/phase-change-material-market<br />
Salt hydrates will be fastest growing product segment of phase change materials market in<br />
the coming years. Hydrated salts comprise of an alloy of inorganic salts <strong>and</strong> water. These are<br />
cost-effective <strong>and</strong> are easily available in market. Desirable properties of salt hydrates to be<br />
used as a phase change material include higher thermal conductivity than paraffins <strong>and</strong> nonparaffins<br />
<strong>and</strong> small volume change. Bio-based phase change materials is increasingly<br />
grabbing attention of textile <strong>and</strong> packaging manufacturers across the globe. These are<br />
mostly vegetable based <strong>and</strong> provide several social, environmental <strong>and</strong> safety benefits.<br />
Textiles segment will be growing at substantial CAGR in phase change materials market over<br />
the next few years. The product was initially incorporated in spacesuits by NASA for their<br />
astronauts. <strong>Phase</strong> change materials used in this <strong>industry</strong> are combination of various types of<br />
paraffins each having different crystallization <strong>and</strong> melting points. The product is enclosed in<br />
microcapsules for leakage prevention in its liquid state. HVAC is an important end-user<br />
segment of phase change materials market <strong>and</strong> shall exp<strong>and</strong> at a significant <strong>growth</strong> rate in<br />
North America <strong>and</strong> Europe during the forecast timeframe.<br />
Make an inquiry for purchasing this report @<br />
https://www.gminsights.com/inquiry-before-buying/2241<br />
The phase change materials market is diverse which includes small to medium scale <strong>and</strong><br />
multinational players as well. This market space has some major names including Henkel,<br />
BASF SE, <strong>Phase</strong> <strong>Change</strong> Products Pty Ltd., Sasol, Laird PLC, Entropy Solutions, Croda <strong>and</strong> The<br />
Dow Chemical Company. This <strong>industry</strong> has companies <strong>with</strong> forward as well as backward<br />
integration of resources. For instance, RGEES LLC produces phase change materials <strong>and</strong> uses<br />
it for thermal shipping <strong>and</strong> as a cold chain refrigerant for healthcare, pharmaceutical <strong>and</strong><br />
biosciences industries. Acquisitions <strong>and</strong> joint ventures were common strategic development<br />
tactics among players of phase change materials market.<br />
Request for A Sample Copy of This Report@<br />
https://www.gminsights.com/request-sample/detail/2241<br />
© <strong>2017</strong> Global <strong>Market</strong> Insights Inc. All Rights Reserved www.gminsights.com
About Global <strong>Market</strong> Insights<br />
Global <strong>Market</strong> Insights, Inc., headquartered in Delaware, U.S., is a global market research<br />
<strong>and</strong> consulting service provider; offering syndicated <strong>and</strong> custom research reports along <strong>with</strong><br />
<strong>growth</strong> consulting services. Our business intelligence <strong>and</strong> <strong>industry</strong> research reports offer<br />
clients <strong>with</strong> penetrative insights <strong>and</strong> actionable market data specially designed <strong>and</strong><br />
presented to aid strategic decision making. These exhaustive reports are designed via a<br />
proprietary research methodology <strong>and</strong> are available for key industries such as chemicals,<br />
advanced materials, technology, renewable energy <strong>and</strong> biotechnology. =<br />
Contact Us:<br />
Arun Hegde<br />
Corporate Sales, USA<br />
Global <strong>Market</strong> Insights, Inc.<br />
Phone:1-302-846-7766<br />
Toll Free: 1-888-689-0688<br />
Email: sales@gminsights.com<br />
Web: https://www.gminsights.com<br />
Social Media: Google+ | LinkedIn | Twitter | Facebook<br />
© <strong>2017</strong> Global <strong>Market</strong> Insights Inc. All Rights Reserved www.gminsights.com
Change language