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Phase Change Materials Market Share

Report ID: GMI2241
Published Date: Aug 2020
Report Format: PDF

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Phase Change Materials Market Share

The industry is fairly competitive with presence of various global and domestic suppliers in the value chain. Some of the key product producing companies in the phase change materials industry include:

Phase Change Products Pty Ltd
Henkel
Cryopak
BASF SE
Entropy Solutions LLC
Laird Plc
Sasol
The Dow Chemical Company
Croda International Plc.

Authors: Kiran Pulidindi

Frequently Asked Questions (FAQ) :

phase change materials market’s recorded worth was USD 1.9 billion in 2019.

The phase change materials market is likely to register a crcr of 17.4% over the forecast period.

Paraffin may gain extensive traction, having held 53% market share in 2019. Paraffin segment may record 18.3% CAGR through 2026 driven by their ability to congruently solidify sans sub-cooling and their good storage density.

The other segment in this industry may depict 14.9% CAGR through 2026, as these are made from biodegradable raw materials, are non-toxic, and are basically hydrogenated hydrocarbons that can last for a longer duration.

Building & construction sector accounted for 23% market share in 2019 and will depict considerable growth ahead, driven by rising R&D investments and proliferating technologies in macro and microencapsulation.

These materials will gain extensive demand in Europe, which accounted for 30% market share in 2019, owing to rising demand for HVAC systems in residential spaces and advanced construction practices.

Some of the key product manufacturers include Entropy Solutions LLC, The Dow Chemical Company, Phase Change Products Pty Ltd, Henkel, BASF SE, Cryopak, Sasol, Croda International Plc, and Laird Plc.