Phase Change Materials Market Size , Share , Trends , Analysis and Forecasts To 2022
Global Phase Change Material Market is accounted for $ 686.73 million in 2015 and is expected to reach $ 2,365 million by 2022 growing at a CAGR of 19.3 % during the forecast period . Decrease in operating cost , improved comfort and temperature control nature of phase change materials are the key factors driving the market growth . Lack of government subsidies and high cost of these materials is restraining the market growth .
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New and superior products by suppliers , and enhanced macro and micro-encapsulation techniques which eventually reduce the advanced PCM costs will create new opportunities in PCM market . Major Challenge in Phase Change Materials is to increase the awareness for advanced PCM products .
Some of the key players in the market include Pluss Polymers , DuPont , Phase Change Energy Solutions , BASF , Honeywell Electronic Materials Inc ., Entropy Solutions Inc ., AI Technology Inc ., Rubitherm Technologies , Microtek Laboratories Inc ., Cryopak Inc ., Advansa B . V , Ciat Group , Emco Klimatechnik Gmbh & Co . KG , Phase Change Energy Solutions Inc and Outlast Technologies LLC .
Applications Covered : Thermal Energy Storage Cold Chain Electronics Building & Construction Textiles Construction Transportation Other Automotive Healthcare Telecommunication
Products Type Covered : Bio-Based PCM Organic PCM Inorganic PCM Salt Hydrates
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