Global Eutectic Phase Change Materials Market Analysis and Size
Heat energy is collected and released as a materials transitions from solid to liquid or vice versa, and this is the main mechanism. Aside from that, phase change materials have a wide range of uses. They're utilised to store heat for air conditioning, load reduction at peak times, and as a buffer for solar-based applications.
Data Bridge Market Research analyses that the eutectic phase change materials market was valued at USD 2033.00 million in 2021 and is further estimated to reach USD 3493.07 million by 2029, and is expected to grow at a CAGR of 7.0% during the forecast period of 2022 to 2029.during the forecast period. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Request a Sample Copy of this report@ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-eutectic-phase-change-materials-market
Global Eutectic Phase Change Materials Market Definition
Eutectic is a phase change materials does not change when heated and cooled cyclically. Eutectic plates are made up of a mixture of two or more compounds, each of which having a lower melting point than the others. A solution that has a phase change temperature of less than 0°C (32°F) is called eutectic.
Eutectic Phase Change Materials Market Dynamics
Drivers
Major factors that are expected to boost the growth of the eutectic phase change materials market in the forecast period are as follows:
- Rise in the use of phase change materials for temperature control
Increased use of phase change materials for temperature control. The use of phase change materials in construction ensures room temperature management is one of the primary factors for the eutectic phase change materials market.
- Rising innovations and technological developments
The current market demand is for eutectic phase change materials that are both cost-effective and meet the region's minimum standards or regulations. As a result of the growing demand for new and innovative products, technological and product innovation occurs
- Increase in the trend of biobased phase change materials
The demand for eutectic phase change materials will be fueled by the growing popularity of biobased phase change materials due to their environmental and safety benefits.
Opportunities
In addition, the increase in the demand for cold chain logistics is further estimated to provide potential opportunities for the growth of the eutectic phase change materials market in the coming years.
Some of the major players operating in the eutectic phase change materials market are:
- Aimtek (US)
- The Lincoln Electric Company (US)
- Alfa Aesar (US)
- Solvay (Belgium)
- Finetech (Germany)
- Bellman-Melcor (US)
- Lucas-Milhaupt, Inc. (US)
- Ador Fontech (India)
- Aufhauser Corporation. (US)
- Belmont Metals (US)
- Global E Systems (Netherlands)
- PCM Products Ltd (UK)
- Climator SWEDEN AB (Sweden)
- Sasol Limited (SA)
- Laird (US)
- Honeywell International Inc. (US)
Check the report in detail: https://www.databridgemarketresearch.com/reports/global-eutectic-phase-change-materials-market
Covid-19 Impact on Eutectic Phase Change Materials Market
The pandemic of COVID-19 has had a huge impact on the eutectic phase change materials market. As a result of the epidemic, various countries throughout the world went into lockdown to prevent the virus from spreading further. As a result, the supply and demand chain was interrupted, which had an impact on the market. The phase change materials market has been hampered by the fluctuating price of raw materials used to create phase change material, as well as the COVID-19 pandemic. However, in the post-COVID scenario, companies have anticipated a return to normalcy and an improvement in the eutectic phase change materials market in the near future.
Recent Development
- In January 2019, PureTemp LLC has introduced a temperature-control fabric treatment that can be used in apparel, footwear, bedding, safety, medical, workwear, and industrial applications to manage ambient temperature swings.
Global Eutectic Phase Change Materials Market Scope and Market Size
The eutectic phase change materials market is segmented on the basis of product and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Eutectic Solder
- Brazing Alloys
- Others
On the basis of product type, the eutectic phase change materials market is segmented into eutectic solder, brazing alloys and others. Brazing alloys has been further sub segmented into Au-Sn, Au-Ge, Cu-Ag., others.
Applications
- Automotive
- Aerospace
- Electronic and Electrical
- Optoelectronic
- Medical
On the basis of applications, the eutectic phase change materials market is segmented into automotive, aerospace, electronic and electrical, optoelectronic and medical.
Eutectic Phase Change Materials Market Regional Analysis/Insights
The eutectic phase change materials market is analysed and market size insights and trends are provided by country, product and application as referenced above.
The countries covered in the eutectic phase change materials market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the eutectic phase change materials market due to the technological developments. Furthermore, the several companies are working and investing in the research and development for various innovative applications will further boost the growth of the eutectic phase change materials market in the region during the forecast period.
Europe is projected to observe significant amount of growth in the eutectic phase change materials market due to the rise in the demand from the key end-users including healthcare, aerospace, automotive, and others. Moreover, the Germany is being the leading producer and exporter of phase change materials which is anticipated to propel the growth of the eutectic phase change materials market in the region in the coming years.
Explore More:
https://www.databridgemarketresearch.com/reports/global-high-purity-boehmite-market
https://www.databridgemarketresearch.com/reports/global-high-silica-zeolite-market
https://www.databridgemarketresearch.com/reports/global-high-purity-specialty-gases-market
https://www.databridgemarketresearch.com/reports/global-high-purity-silicon-nitride-powder-market
https://www.databridgemarketresearch.com/reports/global-high-performance-additives-market
About Data Bridge Market Research:
Data Bridge Market Research is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability levels and advanced approaches. We are committed to uncovering the best consumer prospects and fostering useful knowledge for your company to succeed in the market.
Data Bridge Market Research is a result of sheer wisdom and practice that was conceived and built-in Pune in the year 2015. The company came into existence from the healthcare department with far fewer employees intending to cover the whole market while providing the best class analysis. Later, the company widened its departments, as well as expanded its reach by opening a new office in the Gurugram location in the year 2018, where a team of highly qualified personnel joins hands for the growth of the company. “Even in the tough times of COVID-19 where the Virus slowed down everything around the world, the dedicated Team of Data Bridge Market Research worked round the clock to provide quality and support to our client base, which also tells about the excellence in our sleeve.”
We provide a variety of services such as market verified industry reports, technology trend analysis, Formative market research, strategic consulting, vendor analysis, production and demand analysis, and consumer impact studies among many others.
Contact Us
Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Email – [email protected]
The global Phase Change Materials Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2020-2027.
Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the phase change materials market include Phase Change Products Pty Ltd., Henkel, Cryopak, BASF SE, Entropy Solutions LLC, Laird Plc, Sasol, The Dow Chemical Company, and Croda International Plc.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Phase Change Materials Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/phase-change-materials-market/download-sampleMarket DynamicsThe changing climate conditions and the growing need to reduce energy consumption, especially in the residential sectors, will be the central stimulants for market growth.
The increased use of PCM in thermal regulation of electronics, heating pads, home furnishings, cooling for telephone switching boxes, and clothing will benefit market growth.
The development of vegetable-based phase change materials that provide additional safety and environmental benefits will be a market booster.
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.
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.Access Full Description of this report at:-https://www.nextmsc.com/report/advanced-phase-change-materials Top Companies: 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 and others.The advanced phase change materials market share is analyzed based on type, application, and geography.
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.
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.About Next Move Strategy Consulting: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 have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade.
