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Global Top Phase Change Material Market Industry Leaders


(EnergyIndustry.Net, December 04, 2021 ) The phase change material PCM market size is projected to reach USD 889millionby 2025 from USD 423million in 2020, at a CAGRof 16.0% during the forecast period. The increasing awareness about phase change material and its growing demand in applications such as cold chain & packaging, refrigeration & equipment, thermal energy storage, textiles, and electronics are expected to fuel the growth of phase change material in the region. The market is evolving, with major players playing a crucial role in developing new and advanced products.

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PureTemp LLC (US),Climator Sweden AB(Sweden), and CrodaIndustries AG (Germany) are the major players in this market.
PureTemp LLC focuses on the production of organic PCMs which are bio-based in nature. PureTemp was the first company in 2007 to begin producing 100% renewable phase change materials. These phase change materials are derived from sustainable sources such as animal fat and plant oil and are non-toxic and biodegradable. It focuses on new product developments in order to remain competitive in the phase change materials market. For instance, in January 2019, the company launched a temperature-control fabric coating to control ambient temperature swings in apparel, footwear, bedding, safety, medical, workwear, and industrial applications.

Climator Sweden AB majorly produces inorganic PCMs, basically salt hydrates. It is one of the leading companies in the advanced PCM market and in the temperature stabilization sector. Through its know-how, PCM expertise, and innovation power, the company develops project-based solutions for its customers. The company currently focuses on four application areas, namely, transport, room, body, and equipment. Moreover, it is one of the oldest companies to manufacture phase change materials.

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CrodaInternational Plc is one of the major producers of phase
change materials (PCMs). The company offers phase change materials under the brand name CrodaTherm. It focusses on new product launches, acquisitions, and expansions to remain competitive in phase change materials market. In March 2019, the company launched two new bio-based phase change materials, namely CrodaTherm 32 and CrodaTherm 37. These two new products provide high latent heat, narrow melting and crystallization points, and high cycle stability. In July 2019, the company launched a microencapsulated form of bio-based phase change material. This product can control temperatures in bedding, mattresses, automotive interiors, clothing, and other applications. In November 2017, Croda inaugurated its Centre of Innovation for Formulation Science at the University of Liverpool’s new Materials Innovation Factory (MIF). This investment is expected to utilize state-of-the-art automated technologies and further improve their formulation of science knowledge and capabilities across all their market sectors.

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.


Mr. Aashish Mehra


Source: EmailWire.Com

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