Phase Change Materials Market 2020-2024 Covid 19 Impact on Top countries data, Industry Size Analyzed by Business Opportunity, Development, Growth Factors, Applications Analysis and Future Prospects

Posted on Oct 26 2020 4:58 AM

"COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. The Phase Change Materials Market is expected to register a CAGR of Growing rate%, during 2020-2024."

Global “Phase Change Materials Market” Report 2020 - 2024 Provides Complete company profiles covering the product offerings, key financial information, current developments, SWOT analysis and strategies employed by the major Phase Change Materials market players. Also Provides Industry position and viewpoint of main regions based on major key players, country, product types, and end industries Phase Change Materials Market reports offer a detailed assessment of the Phase Change Materials including enabling technologies, current market situation, market assumptions, restraining factors.

Phase Change Materials Market Report Segmented by Regions: North America, Europe, Asia-Pacific (APAC), Middle East and Africa, Rest of World (ROW).  This XYZ market research report focuses on the Key Manufacturers Profiles in Detail with Granular Analysis of the Market Share, Production Technology, Market Entry Strategies, Revenue Forecasts and Regional Analysis of the Market.

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The global phase change materials chemicals market has been estimated at USD 917.08 million in 2017. The market is expected to register a CAGR of 19.90% during the forecast period, 2018 to 2023. The building and construction sector dominated the global construction chemicals market with nearly 37% share globally and is estimated to register the fastest CAGR through the forecast period.

Growing Demand in Asia-Pacific

Construction sector in Asia-Pacific is the largest in the world. The increasing infrastructure construction activities are the major drivers for the Asia-Pacific construction industry. In addition, the entry of major construction players from the EU into the lucrative market in countries like China, has further fueled the industry’s growth. Owing to their business potential, countries, such as Indonesia, China, Malaysia, Singapore, and South Korea have become hosts to numerous national and international events. The move has accelerated the demand for hotels, shopping malls, high-rise buildings, arenas, and stadiums (both outdoor and indoor), thereby, boosting the construction industry in the respective regions. Moreover, PCM consumption is increasing slowly in the country’s textile industry as well. The total number of patents in the country are also increasing. Hence, the PCM market has growth potential during the forecast period.
Phase change materials can be incorporated easily and economically into construction materials, such as concrete. By coating a microscopic-sized phase change material with a protective coating, the particles can be suspended within a continuous phase, such as water. The benefit of PCMs over other thermally massive materials are that, they are far lighter, storing relatively large amounts of heat per unit of volume. Further, they can easily be installed as part of a refurbishment program, to increase the thermal mass of lightweight structures and therefore, improve their thermal performance and the efficiency of ventilation systems, and further lower cooling or heating energy consumption. Europe is witnessing a significant growth in the demand for PCM, owing to increasing investment and reviving construction industry in the region. In recent times, the European construction market has witnessed a path of steady growth. The future of the European construction market looks positive, which is indirectly catalyzing the growth of the PCM market in Europe.

Europe Dominates the Market

Europe has the highest share in the market, accounting for nearly 30% of the global market share in 2017. The market for Europe is driven majorly by the increasing demand from end-user industries including building & construction, packaging, textile, electronics and transportation. Packaging is also one of the major industries, which uses PCMs for food packaging, medical packaging and biological & chemical packaging in Europe.

Germany is the Largest Consumer

The building and construction industry in the country has started recovering with expected sales to rise by 5% in 2017 following growth of 5.8% in 2016. However, lower investment and poor payment behavior remains a challenge. The use of PCMs is prominent in the construction industry, as the country is focused on energy-efficient buildings. The recovery is expected to increase during the forecast period and is expected to lead a rise in demand for PCMs. Food & beverages is the largest consumer goods segment in Germany that demands PCM, significantly. Moreover, other industries, such as transportation and healthcare also use PCMs for various purposes. Increasing usage in all these industries is the factor that is expected to add up to the PCM market during the forecast period.

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Here is the Top-List of Key-players of Phase Change Materials Market 2020:-

         ●      DOW CORNING
         ●      HENKEL
         ●      CRODA
         ●      TCP
         ●      PARKER
         ●      AI TECHNOLOGY INC.
         ●      DATUM PHASE CHANGE LTD.
         ●      PCM PRODUCTS LTD.
         ●      PLUSS POLYMERS PVT. LTD.
         ●      LTD
         ●      SHIN-ETSU CHEMICAL CO.
         ●      LTD.
         ●      APPVION
         ●      INC.
         ●      KAPLAN ENERGY
         ●      AAVID KUNZE GMBH
         ●      LAIRD TECHNOLOGIES
         ●      and THERMAX GLOBAL.

The report focuses on the global market, especially in the United States, Europe, China, Japan, South Korea, North America, and India. 


Also, the Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions.

The Global Phase Change Materials market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

The global Phase Change Materials market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Highlighted points of Phase Change Materials Market Size:

         ●      Covers the varying market dynamics of the industry.
         ●      In-depth analysis of market risks, opportunities, limitations, and growth of the market.
         ●      Includes market driving and restraining factors.
         ●      Participants profiles along with product description, overview, and business data.
         ●      Include details of five years of forecast analysis by types, regions, and applications.

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Key Developments in the Phase Change Materials Market:

Reasons to Purchase this Report

         ●      Market definition, along with the identification of factors instrumental in changing the market scenario and prospective opportunities
         ●      Various market perspectives, with the help of Porter’s five forces analysis
         ●      Regions or countries that are expected to witness the fastest growth during the forecast period
         ●      Product segment, which is going to dominate the market over the forecast period
         ●      The latest developments, market shares, and strategies that are employed by the major market players
         ●      3 months analyst support along with the Market Estimation sheet in excel.

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Finally, the report Global Phase Change Materials Market 2020 describes the Phase Change Materials industry expansion game plan, the Phase Change Materials industry knowledge supply, appendix, analysis findings, and the conclusion.

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