Global Phase Change Material Market size was US$ XX Bn in 2020 and is expected to reach US$ XX Bn by 2027, at a CAGR of XX % during forecast period.

Phase Change Material Market Overview:

Phase Change Material Market size was valued at USD 1981.94 Mn. in 2023 and the total Phase Change Material revenue is expected to grow at 15.8% from 2024 to 2030, reaching nearly USD 5534.14 Mn.

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Market Scope:

A phase change material is a substance that, during a phase transition, releases/absorbs enough energy to provide useful heat/cooling. Materials capable of collecting or releasing substantial quantities of energy, during a specified period and under specific operating circumstances are Phase Change Materials (PCMs). These materials may store 5-14 times more energy per unit of volume than materials that store energy through sensitive heat, such as water, concrete, or rocks, and they have specific phase-changing temperatures that tend to remain consistent during matter transition.

The factors increasing demand for phase change materials include growing awareness of the need of decreasing greenhouse gas emissions, stringent building rules, and increasing demand for renewable energy sources. Additionally, increased demand for these materials from the building and construction industries is driving the market growth. However, due to the widespread use of these materials in a variety of applications such as packaging, HVAC, refrigeration, electronics, textiles, and so on, the advanced phase change materials market is expected to grow continuously.

Furthermore, factors such as increased energy conservation consciousness, continuous technical advancements, and rising levels of urbanization in emerging nations are expected to drive this market during the forecast period.

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Segmentation:

by Source

• Microbial Pesticides
• Biochemical Products
• Plant-incorporated Protectants

by Product

• Bioinsecticides
• Biofungicides
• Bioherbicides
• Bionematicides
• PIP

by Application

• Cereals and Grains
• Oilseeds and Pulses
• Fruits and Vegetable
• Nurseries
• Turf

Key Players: the key players are

Industrial Internet of Things (IIoT) Providers in North America
1. Cold Chain Technologies, Inc.
2. Croda International Plc.
3. Microtek Laboratories Inc.
4. Sasol Limited
5. PureTemp LLC.
6. Henkel AG & Company KGAA
7. Outlast Technologies LLC.
8. Advansa B.V.
9. AI Technology Inc.
10.Climator Sweden AB
11.Ciat Group
12.Honeywell Electronic Materials, Inc.
13.Phase Change Materials Products Ltd.
14.Rubitherm Technologies GmbH
15.Teappcm
16.BASF SE
17.SGL Group
18.Salca BV
19.Rubitherm Technologies GmbH
20.Pluss Advanced Technologies Pvt. Ltd.
21.RGEES, LLC.
22.Outlast Technologies LLC.

Regional Analysis:

The report has assessed the global Phase Change Material Market in the following regions:

• America, North (the United States, Canada)
• European Union (Germany, France, United Kingdom, Russia)
• Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
• Latin America (Brazil, Argentina, Colombia)
• Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)

Key Questions answered in the Lithium Metal Market Report are:

• Which key trends are likely to emerge in the Phase Change Material Market in the forecast period?
• What will be the Phase Change Material Market size by 2027?
• Which company had the biggest share in the Phase Change Material Market in 2020?