Global Phase Change Material (PCM) Market 2017-2023 - Key Players are Advansa B.V, BASF, Honeywell Electronic Materials, Microtek Laboratories, Phase Change Energy Solutions

The key factors driving the market growth are use of advanced phase change materials for increased comfort, energy saving and temperature control deployment of advanced phase change materials for peak-load shifting and environmental concerns over reducing greenhouse emissions.

The surging demand for enhancing the efficiency of the buildings is the key factor responsible for market region in European region. Moreover, in European region, there is high cost of energy resources which had led to the increasing demand for phase change materials for residential and commercial applications in European countries such as France. Furthermore, additional factors such as increased adoption of advanced phase change materials stringent government rules for management of temperature sensitive goods etc. are also fuelling the growth of European PCM market. However, Asia Pacific is the fastest growing market region during the forecast period 2016-2023 owing to the surging demand for energy saving and eco-friendly technology in Asia Pacific countries.

The global phase change material (PCM) market is influenced by the presence of key market players such as Advansa B.V, BASF SE, Honeywell Electronic Materials Inc., Microtek Laboratories Inc., Phase Change Energy Solutions Inc. etc. Product launch, joint venture, merger and acquisition are some of the important strategies adopted by the key market players to gain competitive advantage.

Global phase change material (PCM) market report covers segmentation analysis of type, encapsulation technology and applications. On the basis of types, phase change material (PCM) are further segmented into Inorganic PCM, Organic PCM and Bio-Based PCM. Inorganic phase change material is both dominating and fastest growing type segment owing to the surging demand for non-flammable phase change materials. On the basis of encapsulation technology, the market is further categorised into macro encapsulation, micro encapsulation and molecular encapsulation.

Key Topics Covered:

1. Introduction

2. Market Overview

3. Market Determinants

4. Market Segmentation

5. Competitive Landscape

6. Geographic Analysis