Phase Change Materials Market set to rise $6.9 billion by 2030, as Digital Integration hits transformation ground


Posted February 8, 2025 by datastring

Phase Change Materials is expected to rise to $6.9 billion by 2030 from $2.1 billion of 2023. The revenue growth of industry players is estimated to average at 18.3% annually for period 2023 to 2030.
 
Research Study analyse the new revenue pockets, emerging markets, competition landscape, opportunities & niche insights for Material Type (Organic, Inorganic, Bio-based), Product Form (Encapsulated, Non-Encapsulated) and Application (Building & Construction, HVAC, Textiles, Electronics, Others).

Access the detailed report here - ๐ก๐ญ๐ญ๐ฉ๐ฌ://๐๐š๐ญ๐š๐ฌ๐ญ๐ซ๐ข๐ง๐ ๐œ๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ .๐œ๐จ๐ฆ/๐ข๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ-๐š๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ/๐ฉ๐ก๐š๐ฌ๐ž-๐œ๐ก๐š๐ง๐ ๐ž-๐ฆ๐š๐ญ๐ž๐ซ๐ข๐š๐ฅ๐ฌ-๐ฆ๐š๐ซ๐ค๐ž๐ญ-๐ซ๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก-๐ซ๐ž๐ฉ๐จ๐ซ๐ญ

๐‘๐ž๐ ๐ข๐จ๐ง๐š๐ฅ ๐€๐ง๐š๐ฅ๐ฒ๐ฌ๐ข๐ฌ

North America and Europe are the two most active and leading regions in the market. In Europe, the PCM market is highly competitive with industry leaders like BASF playing a role in various construction applications. The regulatory framework in the region, emphasizes energy efficiency making it favorable, for the adoption of PCM technology.

With challenges like high cost and technical challenges, Phase Change Materials marketโ€™s supply chain from raw material suppliers to end-user is expected to evolve & expand further; and industry players will make strategic advancement in emerging markets including Brazil, India and South Africa for revenue diversification and TAM expansion. Integration of PCM with smart technologies is on the rise. This development allows for thermal regulation, in smart homes and devices.

๐ˆ๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ ๐‹๐ž๐š๐๐ž๐ซ๐ฌ๐ก๐ข๐ฉ ๐š๐ง๐ ๐’๐ญ๐ซ๐š๐ญ๐ž๐ ๐ข๐ž๐ฌ

The Phase Change Materials market is characterized by intense competition, with a number of leading players such as BASF, Croda, Rubitherm, Phase Change Energy Solutions, Outlast, Microtek, Honeywell, PureTemp, Entropy Solutions, Pluss Advanced Technologies, Climator Sweden and Sasol. These players are pushing & penetrating the market with their strategies.

๐€๐›๐จ๐ฎ๐ญ ๐ƒ๐š๐ญ๐š๐’๐ญ๐ซ๐ข๐ง๐  ๐‚๐จ๐ง๐ฌ๐ฎ๐ฅ๐ญ๐ข๐ง๐ 

DataString Consulting assist companies in strategy formulations & roadmap creation including TAM expansion, revenue diversification strategies and venturing into new markets; by offering in depth insights into developing trends and competitor landscapes as well as customer demographics. Our customized & direct strategies, filters industry noises into new opportunities; and reduces the effective connect time between products and its market niche.

DataString Consulting offers complete range of market research and business intelligence solutions for both B2C and B2B markets all under one roof. DataStringโ€™s leadership team has more than 30 years of combined experience in Market & business research and strategy advisory across the world. Our Industry experts and data aggregators continuously track & monitor high growth segments within more than 15 industries and 60 sub-industries.
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Last Updated February 8, 2025