Global Advanced Phase Change Materials Market 2021-2025

Global Advanced Phase Change Materials Market 2021-2025

Technavio has been monitoring the advanced phase change materials market and it is poised to grow by $ 2.81 bn during 2021-2025, progressing at a CAGR of almost 23% during the forecast period. Our report on the advanced phase change materials market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing inclination toward energy conservation and the increasing demand for APCMs in solar energy storage. In addition, the growing inclination toward energy conservation is anticipated to boost the growth of the market as well.

The advanced phase change materials market analysis includes the type and application segments and geographic landscape.

Technavio's advanced phase change materials market is segmented as below:

By Type

• Organic PCMs
• Inorganic PCMs
• Bio-based PCMs

By Application

• Building and construction
• HVAC
• Packaging and transportation
• Textiles
• Others

By Geographical Landscape

• Europe
• APAC
• North America
• MEA
• South America

This study identifies novel technologies associated with the production of APCMs as one of the prime reasons driving the advanced phase change materials market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on advanced phase change materials market covers the following areas:

• Advanced phase change materials market sizing
• Advanced phase change materials market forecast
• Advanced phase change materials market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading advanced phase change materials market vendors that include Croda International Plc, Cryopak, Henkel AG & Co. KGaA, Honeywell International Inc., Microtek Laboratories Inc., Outlast Technologies LLC, Phase Change Solutions, PURETEMP LLC, Sasol Ltd., and SGL Carbon SE. Also, the advanced phase change materials market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.