New York, April 06, 2022 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Phase Change Materials Market - A Global and Regional Analysis: Focus on Application, Type, and Region - Analysis and Forecast, 2020-2031" - https://www.reportlinker.com/p06251524/?utm_source=GNW
Market Segmentation
Phase Change Materials Market by Application
Among different applications, the building and construction segment led the market in 2020 and is expected to be the largest application during the forecast period (2021-2031).Buildings require to reduce their energy consumption and enhance their energy conservation to promote energy efficiency and long-term sustainability.
Furthermore, the usage of efficient energy materials such as PCMs is essential to minimize the energy reliance on buildings. As a result, incorporating PCMs in building systems such as walls, windows, ceilings, or floors is an effective approach to decreasing the energy consumption of buildings for heating and cooling.
Phase Change Materials Market by Type
Among different types, paraffins led the market in 2020 and are estimated to lead the market during the forecast period (2021-2031).It is a widely utilized material, owing to the benefits of paraffin-based PCMs.
The accessibility of paraffin at a wide range of temperatures is the major reason for its suitability as an energy storage medium.Paraffins are reliable, safe, and non-corrosive in general.
Also, properties such as chemical stability, non-toxic properties, high latent heat of fusion, and others are contributing to the growth of paraffins.
Phase Change Materials Market by Region
The demand for phase change materials varies according to various regions. The phase change materials market holds a prominent share in various countries of North America, South America, Europe, the U.K., China, Asia-Pacific, and the Middle East and Africa, among which Europe is expected to account for the highest share of the global phase change materials market, owing to the presence of a significant number of phase change materials manufacturers such as Henkel AG & Co. KGaA, Climator Sweden AB, Rubitherm Technologies GmbH, and others.
Key Market Players and Competition Synopsis
Some key players operating in the market are Henkel AG & Co. KGaA, Honeywell International.Inc., Croda International Plc, PureTemp LLC, Laird Technologies, Inc., Rubitherm Technologies GmbH, PCM Products Ltd, Climator Sweden AB, Cryopak, Shin-Etsu Chemicals Co.,Ltd., PLUSS, Phase Change Products Pty.Ltd, Microtek Laboratories Inc., Shanghai Tempered Entropy New Energy Co., Ltd, Phase Change Solutions, Sasol, Axiotherm GmbH, Hangzhou New Material Technology Co., Ltd. (‘RuhrTech’), and Rovilus
The companies that are profiled in the report have been selected based on a selective pool of players, such as tier-1 players, mid-segment players, and small and emerging companies, based on various factors such as product portfolios, annual revenues, market penetrations, research, and development initiatives, along with a domestic and international presence in the phase change materials market.
Countries Covered
• North America
• U.S.
• Canada
• Mexico
• Europe
• Germany
• France
• Italy
• Spain
• Rest-of-Europe (RoE)
• U.K.
• China
• Asia-Pacific and Japan
• Japan
• India
• South Korea
• Rest-of-Asia-Pacific
• Rest-of-the-World
• Middle East and Africa
• South America
Read the full report: https://www.reportlinker.com/p06251524/?utm_source=GNW
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