Lucintel Forecasts the Global Phase Change Material Market to Reach $1,742 Million by 2030
Lucintel Forecasts the Global Phase Change Material Market to Reach $1,742 Million by 2030
Blog Article
According to a market report by Lucintel, the future of the global phase change material market looks promising with opportunities in the building and construction, HVAC, cold chain and packaging, thermal energy storage, electronics, textile, and other end use industries. The global phase change material market is expected to reach an estimated $1,742 million by 2030 from $689 million in 2023 at a CAGR of 14% from 2023 to 2030. The major drivers for this market are growth in the construction industry, increasing demand for thermal packaging, and strict regulations for reducing carbon footprints.
Browse 78 figures/charts and 50 tables in this 173–page report to understand trends, opportunity and forecast in global phase change material market to 2030 by product form (organic, inorganic, and bio-based and others), end use industry (building and construction, HVAC, cold chain and packaging, thermal energy storage, electronics, textile, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that organic will remain the largest segment over the forecast period due to the growing usage of paraffin waxes for electronics thermal management.
Within this market, building and construction will remain the largest segment by end use industry over the forecast period due to increasing usage of phase change materials for reducing the energy consumption of buildings.
Europe will remain the largest market over the forecast period due to increasing demand from green building construction and development in the region.
Honeywell, DuPont, Sasol, Croda, PureTemp, Pluss Advanced Technologies, Phase Change Energy Solutions, Rubitherm Technologies, Phase Change Materials Products, and Outlast Technologies are the major suppliers in the phase change material market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at [email protected]. To get access of more than 1000 reports at fraction of cost visit Lucintel's Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1-972-636-5056