Advanced Phase Change Materials Market: How can Businesses cope with COVID-19?

The Global Advanced Phase Change Materials Market size was valued to USD 1.41 billion in 2019, and is predicted to garner USD 6.48 billion by 2030, witnessing a CAGR of 14.8% from 2020-2030.

Phase Change Materials offer a range of thermal management solutions, by facilitating temporary storage of energy, either by releasing or absorbing sufficient amount of energy during phase transition, i.e. changing their states from solid to liquid and vice-versa; hence providing desired heat or cooling. The advanced phase change materials (Advanced PCMs) can store as well as provide massive volume of thermal energy after transition from one state to the other. The global advanced phase change materials market observed a volumetric sale of 275.76 kilotons in 2019 that is expected to rise up-to 1321.09 kilotons by 2030, with a growing CAGR of 15.2% from 2020-2030.

Market Segmentations and Scope of the Study: The advanced phase change materials market share is analyzed based on type, application, and geography. Based on type, the advanced phase change materials market is segmented into organic, inorganic, and bio-based. Based on application, the advanced phase change materials market covers building & construction, thermal energy storage, cold chain & packaging, HVAC, shipping & transportation, electronics, textiles, and others. Geographic breakdown and analysis of each of the previously mentioned segment include region comprising North America, Europe, Asia-Pacific, and LAMEA. Request for sample report: https://www.nextmsc.com/Advanced-Phase-Change-Materials/request-sample Geographical Analysis Europe is the fastest growing region in the advanced phase change materials market. The strict building energy codes to reduce and minimize emission of harmful gases, increasing demand for green buildings, and demand for low-carbon & net-zero energy buildings are factors to lead the growth of European region. Asia-Pacific region is anticipated to grow with highest growth rate during the forecast period owing to growing construction industry, rapid industrialization, and strong emphasis on energy security.

Inquire before buying: https://www.nextmsc.com/Advanced-Phase-Change-Materials/inquirebefore-buying Competitive Landscape The advanced phase change materials market share includes a comprehensive competitive analysis and profiles of the major market players. Companies such as Croda International Plc., Entropy

Solutions LLC, Microtek Laboratories Inc., Honeywell Electronic Materials, Inc., Laird Plc, Sasol Ltd., Pluss Technologies Pvt. Ltd., Phase Change Materials Products Ltd., Outlast Technologies LLC, Phase Change Energy Solutions Inc., Rubitherm Technologies GmbH, Henkel AG & Company, KGaA, Advansa BV, AI Technology Inc., Climator Sweden AB, Cold Chain Technologies, Inc., and others are provided in the advanced phase change materials market report. The past endeavors and futuristic advancements, sum-up to comprehend the overall market growth. For instance, in February 2020, well-known player of the Advanced Phase Change materials market, Honeywell Electronic Materials, Inc. launched its Solstice E-cooling technology for cooling the data centers and other highperformance electronic applications. The technology uses a two-phase liquid cooling process to remove heat from data center and electronic applications, hence increasing their efficiency while lowering their operational costs and carbon footprints. Honeywell's Solstice E-Cooling is a revolutionary line of next-generation low-global-warming potential refrigerant technologies, to overwhelm the need for efficient and effective cooling mechanisms with minimum impact on environment.

About Us: Next Move Strategy Consulting is an independent and trusted third-platform market intelligence provider, committed to deliver high quality, market research reports that help multinational companies to triumph over their competitions and increase industry footprint by capturing greater market share. Our research model is a unique collaboration of primary research, secondary research, data mining and data analytics. We carefully analyse the historical data, augment it by constantly keeping an eye on the latest industry trends and estimate the future events to arrive at accurate market forecasts.

For more insights, please visit: https://www.nextmsc.com

Tags: #advancedphasechangematerialsmarketsize

#advancedphasechangematerialsmarketshare

#advancedphasechangematerialsmarketanalysis #advancedphasechangematerialsmarketgrowth