Phase Change Materials Market growth outlook with industry review and forecasts 2017-2024

To browse this report titled, “Phase Change Materials Market Size By Product (Paraffin,
Non-Paraffin, Salt Hydrates, Eutectics), By End-user (Building & Construction, HVAC,
Electrical & Electronics, Packaging, Textiles, Chemical, Healthcare, Aerospace &
Automotive) Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany,
France, Italy, Spain, Russia, China, India, Japan, Australia, Malaysia, Indonesia, South
Korea, Brazil, Mexico, South Africa, Saudi Arabia, UAE, Kuwait), Application Potential,
Price Trends, Competitive Market Share & Forecast, 2017 – 2024” please click on the
link below:
https://www.gminsights.com/industry-analysis/phase-change-material-market
Salt hydrates will be fastest growing product segment of phase change materials market in
the coming years. Hydrated salts comprise of an alloy of inorganic salts and water. These are
cost-effective and are easily available in market. Desirable properties of salt hydrates to be
used as a phase change material include higher thermal conductivity than paraffins and nonparaffins
and small volume change. Bio-based phase change materials is increasingly
grabbing attention of textile and packaging manufacturers across the globe. These are
mostly vegetable based and provide several social, environmental and safety benefits.
Textiles segment will be growing at substantial CAGR in phase change materials market over
the next few years. The product was initially incorporated in spacesuits by NASA for their
astronauts. Phase change materials used in this industry are combination of various types of
paraffins each having different crystallization and melting points. The product is enclosed in
microcapsules for leakage prevention in its liquid state. HVAC is an important end-user
segment of phase change materials market and shall expand at a significant growth rate in
North America and Europe during the forecast timeframe.
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The phase change materials market is diverse which includes small to medium scale and
multinational players as well. This market space has some major names including Henkel,
BASF SE, Phase Change Products Pty Ltd., Sasol, Laird PLC, Entropy Solutions, Croda and The
Dow Chemical Company. This industry has companies with forward as well as backward
integration of resources. For instance, RGEES LLC produces phase change materials and uses
it for thermal shipping and as a cold chain refrigerant for healthcare, pharmaceutical and
biosciences industries. Acquisitions and joint ventures were common strategic development
tactics among players of phase change materials market.
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