Phase Change Materials Market To Reach Usd 7,206.2 Million By 2030

By Author: Pramod Kumar
Total Articles: 97
Comment this article

This has a lot to do with the increasing growth in the construction and packaging sectors and increasing importance on green buildings.
Cold chain and packaging category will grow at the highest rate, of above 17%, in the years to come. This can be mostly because of the surge in PCM requirement to sustain precise temperatures through the supply chain while lowering the emissions of carbon dioxide.

Furthermore, growing requirement for fresh and frozen foods globally is a main driver for temperature-controlled packaging solutions. The increasing obtainability and acceptance of material-based, reusable, temperature-controlled packaging solutions have brought about to the increasing acceptance of maintainable materials in logistics like PCMs, helping in competent transportation of the products while saving energy.

With the enormous increase in the requirement for energy-efficient ACs, the requirement for PCMs will soar, as the electrical consumption of modified ACs with PCMs could be brought down by 3.09 kWh every day.

Europe dominated the industry with a share, of about 40%, in the recent past. The predisposition ...
... toward the acceptance of eco-friendly materials will power the PCM industry in the region.

European regulatory associations, such as the SCANVAC, took more than a few initiatives for developing and promoting and effective building mechanical solutions and increase awareness pertaining to PCM applications.

The organic category dominated the industry, because of the benefits of organic-based PCMs, for example chemical stability over numerous freezing and heating cycles, non-reactive to most materials of encapsulation, high heat of fusion, and well-suited with nearly all materials.

The convenience of paraffin at a wide range of temperatures is a major reason for its appropriateness as an energy storage medium. Likewise, paraffin-based PCM is called a waxy solid paraffin, safe, dependable, noncorrosive, and economical material.

Phase Change Material Market Size and Share Analysis@ https://www.psmarketresearch.com/market-analysis/phase-change-material-market

Pramod has around 7 years of experience in market research and consulting services for healthcare industry. He holds varied experience in market sizing and forecasting with varied models, competition landscape, consumer behavior analysis, opportunity analysis, product/company benchmarking, data mining and others. He has successfully delivered multiple projects on go-to-market strategies, pricing strategy, price point analysis, Business Expansion, market entry and exit, share analysis and others. Prior to joining P&S Intelligence, he worked with different research companies, including Transparency Market Research and MarketsandMarkets Pvt Ltd. Some of the projects delivered by him include Scar Treatment Market, Skin Replacement and Substitutes Market, and Energy-Based Aesthetic Devices Market.