The phase change material (PCM) market size is expected to arrive at USD 1202.7 million by 2027 from USD 423 million out of 2020, at a CAGR of 16.1%.

A phase change material (PCM) is a substance that discharges/assimilates adequate energy at stage progress to give helpful warmth/cooling. The progress in PCM will be from one of the initial two central conditions of issue - strong and fluid - to the next. The stage change may likewise be between non-old style conditions of issue, for example, the congruity of gems. The material adjusts from one glasslike structure to another, which might be a sequential energy state.

By liquefying and cementing at the stage change temperature (PCT), a PCM is fit for putting away and delivering a lot of energy contrasted with reasonable warmth stockpiling. Warmth is ingested or delivered when the material changes from strong to fluid and the other way around or when the inner structure of the material changes; PCMs are appropriately alluded to as inert warmth stockpiling (LHS) materials.

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Major players in the global market are

· Phase Change Products. Pty Ltd

· BASF SE

· Entropy Solutions LLC

· Laird Plc

· Henkel

· Cryopak

· Sasol

· Croda International Plc

· The Dow Chemical Company

· Climator Sweden AB

The global phase change material (PCM) market is segmented based on Product, Application, and Region.

Based on product, the global market is segmented into

· Organic

· Inorganic

· Eutectics

· Hygroscopic

Organic is further segmented into the

· Paraffin

· Bio-based

Based on application, the global market is segmented into

· Building & construction

· Heating

· Ventilation

· Air conditioning (HVAC)

· Electrical & electronics

· Packaging

· Textiles

· Chemical

· Healthcare

· Aerospace & Automotive, and other industries

Based on region, the global market is segmented into

· North America

· Europe

· Asia Pacific

· The Middle East and Africa

· Latin America

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Impact of COVID-19

The outbreak of COVID-19 has brought a significant impact on almost all industries across the globe. The imposition of lockdown across the world affected every sphere of the industry. The report offers an in-depth analysis of the COVID-19 impact. The report highlights the vulnerability of the market due to the sudden rise of the COVID-19 cases. Further, it also highlights the initiatives taken by the players to combat the impact of the virus in the market.

The report answers questions such as:

1. What is the anticipated market size of the global Phase Change Material Market during the forecast period?

2. What are the factors impeding the rise of the global Phase Change Material Market in the coming time?

3. What are lucrative application/segments/products areas of the Phase Change Material Market to invest during the assessment period?

4. What is the competitive strategy for the Phase Change Material Market in the coming time?

5. Who are the eminent players of the global Phase Change Material Market?

6. What are the prevailing frameworks in the global Phase Change Material Market?

7. What are the strategies adopted by the players of the Phase Change Material Market to enter the industry?

Table of Contents

Global Phase Change Material Market Research Report 2022 – 2029

Chapter 1 Phase Change Material Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers

Chapter 4 Global Production, Revenue (Value) by Region

Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 6 Global Production, Revenue (Value), Price Trend by Type

Chapter 7 Global Market Analysis by Application

Chapter 8 Manufacturing Cost Analysis

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

Chapter 11 Market Effect Factors Analysis

Chapter 12 Global Phase Change Material Market Forecast

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Phase Change Material Market - Global and Regional Analysis