Nester's research estimates the growth and size of the global phase change materials market, which is expected to be driven by the growing need to reduce greenhouse gas emissions and rising demand for air conditioners.
Research A recent analysis of the Phase Change Materials market by Nester: “Phase Change Materials Market: Global Demand Analysis and Outlook to 2035” provides an in-depth competitor analysis and a detailed overview of the global Phase Change Materials market in terms of market segmentation by type. , form, application and by region.
Tighter regulation to minimize CO2 emissions to increase global market share of phase change materials
The global market for phase change materials is estimated to grow mainly due to rising levels of greenhouse gas emissions, and government agencies have enacted regulations to minimize it. The UN Framework Convention on Climate Change includes all the rules that must be followed to limit CO2 emissions. In addition, 192 parties from different countries have signed the Kyoto Protocol to comply with these requirements. In terms of regulation, PCMs play an important role in reducing CO2 levels by storing and releasing huge amounts of energy during phase transitions, such as from solid to liquid or gas and vice versa.
Additionally, the market is expected to grow due to increased freight transportation between countries and increased adoption of smart cities and green buildings in these cities. In 2021, global trade is expected to increase by US$5.5 trillion to reach approximately US$28 trillion. By the end of 2022, international trade will exceed US$32 trillion. The growing demand for cold chain logistics for perishable products requires the use of PCM to extend the life of perishable products by stabilizing the temperature. In addition, buildings that consume less energy contribute to faster development of smart cities. These buildings are equipped with PCM to maintain temperature standards and use energy correctly, thereby reducing energy consumption.
Some of the major growth factors and challenges associated with the growth of the global phase change materials market are:
Growth drivers:
• Rapid development of smart cities
• Growing need to control greenhouse gas emissions.
Problems:
The world is not fully aware of the benefits of phase change materials, and those who are aware believe that switching to PCM is expensive because their equipment is already installed with other materials. Thus, installing PCM increases the customer's costs. These are some of the major factors expected to hamper the growth of the global phase change materials market. On the other hand, the corrosive and flammable properties of PCM are also expected to hamper the market growth. Different forms of PCM were flammable and corrosive to varying degrees. The PCM will react with the incompatible substance, creating a serious hazard. Therefore, it is difficult for a particular PCM to be compatible with the material into which it is inserted.
Based on application, the global phase change materials market is segmented into Construction, HVAC, Cold Chain & Packaging, Textiles, and Electronics. The cold chain and packaging segment is expected to achieve the highest revenue by the end of 2035, driven by a significant CAGR during the forecast period. Trade in food products such as fruits and vegetables, meat and poultry and others is driving the expansion of the segment. Global exports are forecast to be slightly higher at 12.1 million tonnes in 2023; In addition, global exports are expected to grow by 2% in countries other than the US. PCMs are used in packaging to prevent temperature fluctuations and keep food at the appropriate temperature by absorbing heat from the environment.
By region, the European phase change materials market is expected to generate the highest revenue by the end of 2035. This growth is expected due to the growing efforts being made by various countries to reduce greenhouse gas emissions. Many European countries have taken strict measures to reduce CO2 levels in the environment, which has increased the demand for PCM in many sectors to improve sustainability and energy efficiency. The Dutch government has passed the Climate Act, which calls for a reduction in greenhouse gas emissions by 49% by 2030 compared to 1990 levels and by 95% by 2050.
This report also presents the existing competitive scenario of some of the key players in the global phase.
рынок изменяемых материалов, который включает профилирование компаний BASF SE, Microtek Laboratories Inc., Thermo Fisher Scientific Inc., Medifab Global Group, Integreon Inc., Thal Technologies B.V., Sinomax USA Inc., Rubitherm Technologies GmbH, Croda International Plc., PureTemp LLC. ., и Honeywell International, Inc.
Ознакомьтесь с нашим подробным отчетом по адресу: https://www.researchnester.com/reports/phase-change-material-market/4973.
Research Nester — ведущий поставщик услуг по стратегическим исследованиям рынка и консалтингу. Мы стремимся предоставить беспристрастную, беспрецедентную информацию о рынке и отраслевой анализ, чтобы помочь отраслям, конгломератам и руководителям принимать мудрые решения для своей будущей маркетинговой стратегии, расширения, инвестиций и т. д. Мы считаем, что каждый бизнес может выйти на новый горизонт при условии правильного руководства подходящее время доступно благодаря стратегическому мышлению. Наше нестандартное мышление помогает нашим клиентам принимать мудрые решения, чтобы избежать неопределенности в будущем.
Контакт для получения дополнительной информации:
Эй Джей Дэниэл
Электронная почта: info@researchnester.com
Телефон в США: +1 646 586 9123.
Телефон в Великобритании: +44 203 608 5919.
