Advanced Phase Change Materials (PCM) Market
Advanced Phase Change Materials (PCM) Market
Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Advanced Phase Change Materials (PCM) Market Size and Growth
The Advanced Phase Change Materials (PCM) market is experiencing significant growth, driven by increasing demand for energy-efficient solutions across various sectors. Market size is projected to reach $3.5 billion by 2027, reflecting a compound annual growth rate of 20%. Key drivers include urbanization, rising energy costs, and environmental sustainability initiatives.
Companies Covered
(Covid 19 Impact Covered)
◍ BASF
◍ Honeywell
◍ Cryopak
◍ Entropy Solutions Inc.
◍ Climator Sweden AB
◍ Phase Change Energy Solutions
◍ Outlast Technologies
◍ Dow Building Solutions
◍ Chemours Company
◍ PCM Energy Ltd
◍ Rubitherm Technologies GmbH
The Advanced Phase Change Materials (PCM) market features key players like BASF, Honeywell, and Dow Building Solutions, focusing on energy efficiency and thermal management solutions. These companies innovate PCM applications, enhancing commercial viability. Revenue figures reflect growth: BASF (approx. $70 billion), Honeywell (approx. $34 billion), and Dow (approx. $55 billion).
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Market Segmentation
By Application
Building & Construction
Refrigeration
Consumer Goods
Others
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By Product
Organic
Inorganic
Bio-Based
Market Growth
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$ X Billion USD
