© Copyright khedmeh Wall
Aqueous-based metal cleaners are water-based solutions used
to clean, degrease, and prepare metal surfaces. These cleaners are effective in
removing dirt, oil, grease, and other contaminants from metals in various
industrial applications. They are widely used in industries such as automotive,
aerospace, manufacturing, and heavy machinery. The global demand for
aqueous-based metal cleaners is expected to reach USD 14.6 billion
by 2027 with a CAGR of 5.4%. The report throws light on the competitive
landscape, segmentation, geographical expansion, and revenue, production, and
consumption growth of the market. Industry trends, growth analysis, aqueous-based
metal cleaners market size, and forecast offer details of the factors
influencing the global business scope. The growing demand for environmentally
friendly and non-toxic cleaning solutions has spurred the adoption of
aqueous-based metal cleaners across several sectors.
The Manufacturing Cleaning Association states, "
Aqueous metal cleaning chemicals are water-based with low or no VOCs (volatile
organic compounds). Instead of dissolving grease like solvent metal cleaning
chemicals, aqueous metal cleaning chemicals rely on heat, agitation, and
additives to break down the contaminants and wash them from the surface of
components. Due to the water content, aqueous systems produce minimal hazardous
waste, contain no ozone-depleting properties, and offer better operator acceptability.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=177487851
Rinse technology is the second-largest aqueous-based
metal cleaner technology during the forecast period
Rinse technology is majorly used in big spray machines to
remove loose soil and chemical residue from the surface of the metal part. It
is used to ensure that all the dirt, soil, and chemicals are removed from the
object. Rinsing is an important part of the cleaning process. To remove heavy
chemical residue sometimes, multiple rinses are required. The volume of the
water required for rinsing depends on the type and concentration of the washing
chemical used.
Alkaline is projected to be the fastest-growing chemistry
type of the aqueous-based metal cleaners market during the forecast period
Alkaline is the most commonly used chemistry type of
aqueous-based metal cleaner. This solution is used to remove grease from
various types of metals. Alkaline solutions rinse well after cleaning, and as a
result, no residue is left behind. The use of alkaline cleaners is increasing
due to the growing awareness of environmental and personal safety associated
with chlorinated and petroleum-based solvents. Properties such as nontoxicity,
non-volatile, non-combustible, and biodegradability make them environmentally,
which drives the market demand.
Get Sample Copy of this Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=177487851
Builders is the second-largest aqueous-based metal
cleaner by cleaning chemicals during the forecast period
Builders are inorganic components that maintain the pH value
and reduce water hardness. They act as co-emulsifier and enhance the cleaning
efficiency in synergy with surfactants. Builders also keep the removed soil,
especially particles, dispersed and prevent them from re-depositing on the
metal. With rising pH, they increasingly saponify greases or fatty oils that
further contribute to soil removal. Alkaline builders are applied in cases
where highly alkaline systems are too aggressive to the metal surface. They are
mostly made from phosphates, mainly tri-sodium phosphate, but also silicates or
carbonates.
Healthcare is projected to be the fastest-growing end-use
industry during the forecast period
In the healthcare industry, cleaning demands the preparation
of the surface for sterilization. Healthcare cleaning procedures aim to keep
instruments and equipment clean and sterile, prolong their working life,
minimize cross-contamination, and reduce medical waste. The ideal detergent for
cleaning reusable instruments should have a neutral pH to prevent corrosion or
other surface degradation.
South America is projected to be the second
fastest-growing market -during the forecast period
The South American aqueous-based metal cleaners market is
segmented into Brazil, Argentina, and the Rest of South America. The demand for
aqueous-based metal cleaners in this region is projected to grow at a lower
rate than in Asia Pacific. However, the region is a promising market for
aqueous-based metal cleaners owing to stable economic growth and development.
The development of the infrastructure sector and improved standard of living
are expected to boost vehicle sales.
Inquire Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=177487851
Aqueous-based Metal Cleaners Market Trending Key Players
The key market players profiled in the report include BASF
SE (Germany), Dow Inc. (US), Stepan Company (US), Evonik Industries AG
(Germany), Eastman Chemical Company (US), Nouryon (Netherlands), Clariant AG
(Switzerland), The Chemours Company (US), Indorama Ventures Public Company
Limited (Thailand), Ashland Global Holdings Inc. (US) and among others.
BASF SE focuses on expanding its presence in
emerging markets and maintaining a strong position in the existing ones. The
company has a significant geographical presence and a strong brand image in the
market. It is focusing on maintaining its position in the market by
strengthening its customer relationships in key industries through innovations
in applications and technological areas. The company also focuses on the
environmental impact of its products and, hence, started production of methanol
using renewable raw materials. As a result, the company has reduced the total
emission of greenhouse gases by 50%.
Dow Inc. is one of the largest chemical
manufacturers in the world. The company offers products and services across 160
countries through its subsidiaries. It operates in 34 countries with 189
production plants. It serves a number of end-use industries, including
construction, healthcare & medical, packaging, oil & gas,
transportation, pharmaceutical, processed foods, pulp & paper, textile
& carpet, utilities, and renewable energy.
3D printing materials, including plastics, metals, ceramics,
and composites, are essential to the growing additive manufacturing industry.
These materials are used in sectors like aerospace, automotive, healthcare, and
consumer goods, where demand is rapidly rising due to the advantages of 3D
printing, such as customization, cost-efficiency, and material waste reduction.
As industries seek more innovative and efficient manufacturing processes, the
demand for advanced 3D printing materials continues to increase. The 3D
printing materials market is expected to grow up to USD 7.9 billion by 2027, at
a CAGR of 25.6% during the forecasted period. The 3D printing materials market
is witnessing significant growth because of the growing demand from healthcare,
automotive, aerospace & defense, and consumer goods. The market research
report presents a complete judgment of the market through strategic insights on
future trends, 3D
printing materials market size, share, growth factors, supplier landscape,
demand landscape, Y-o-Y growth rate, CAGR, pricing analysis.
Demand for 3D printing plastics has significantly
risen for creating prototypes over the past few years. Higher numbers of
manufacturers are expected to utilize additive manufacturing for high-volume
production. Lucrative market opportunities prevail for the market in
aftermarket applications as manufacturers increasingly utilize additive
manufacturing technology to produce new components in the aftermarket industry.
3D printing plastics have created several significant transformations in the automotive
manufacturing industry, including products that are safer, cleaner, lighter,
and in newer designs. Several original equipment manufacturers (OEMs) utilize
additive manufacturing for creating automotive prototypes and high-volume
direct manufacturing.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1295
3D Printing Materials Market Dynamics
3D Printing Materials Market Regional Analysis
North America to Hold the Largest Market Share
North America is projected to dominate the 3D printing
materials market, driven by strong demand from key industries like aerospace,
automotive, and healthcare. The presence of major 3D printing companies and a
robust innovation ecosystem in the U.S. and Canada contribute to the region’s
leadership position.
Get Sample Copy of this Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1295
Regional Analysis in Detail
▶️ Europe follows
closely, with significant adoption of 3D printing in industrial applications,
particularly in Germany, the UK, and France. The region’s focus on
sustainability is also pushing the development of eco-friendly 3D printing
materials.
▶️ Asia-Pacific is
expected to register the highest growth rate, fueled by rapid industrialization
and the rising use of 3D printing in automotive and electronics manufacturing.
Countries like China, Japan, and South Korea are emerging as major markets for
3D printing materials.
▶️ Latin America and Middle
East & Africa are still in the nascent stages of adoption, but
growing investments in manufacturing and healthcare sectors could drive future
demand in these regions.
In terms of value and volume, the healthcare end-use
industry is expected to hold the largest market share during the forecast
period
3D printing materials are widely used in the healthcare
industry for manufacturing surgical equipment, prosthetics, implants, and
tissue engineering products. These products are manufactured using 3D printing
technology as it offers a high level of precision during manufacturing. In the
healthcare sector, bio-based grades of materials certified by various
government agencies are used for making capsules to ensure that the required
dosages of medicines designed for particular body organs reach them on time. 3D
printing materials market growth in the healthcare industry can be attributed
to the development of new and improved grades of 3D printing materials for the
industry through financial support from various governments for their
development.
Conclusion
The 3D Printing Materials Market is poised
for strong growth, driven by advancements in industrial-grade materials and the
increasing adoption of 3D printing technology across key industries. While
challenges such as standardization and low-cost material production remain,
emerging opportunities in home printing and rapid growth in regions like
Asia-Pacific offer promising prospects. With North America leading the market,
the global demand for innovative and sustainable 3D printing materials will
continue to rise, shaping the future of additive manufacturing.
Reverse Osmosis (RO) membranes are semipermeable membranes
that allow water to pass through while rejecting a wide range of contaminants,
including salts, bacteria, and other impurities. They are essential components
in water purification systems used in various applications, including drinking
water treatment, wastewater management, and industrial processes. RO membranes
offer an effective solution for producing high-quality water, making them
integral to many sectors. The global RO
membrane market size is projected to reach USD 5.0 billion by 2026
from USD 3.1 billion in 2021, at a CAGR of 10.0% during the forecast period.
The growing requirement for RO membrane in water & wastewater treatment is
driving the market. In addition, increasing water scarcity and evolving
government regulations mandating treatment of industrial and municipal
wastewater are also driving the RO membrane market.
The reverse osmosis market is expected to experience
significant growth, driven by increasing demand for clean water amid rising
global water scarcity and pollution. The industrial sector, particularly in
food and beverage, pharmaceuticals, and power generation, is a major
contributor to this demand. Additionally, advancements in membrane technology
and the growing adoption of desalination plants are set to enhance market
opportunities. The RO market is projected to expand steadily, supported by
investments in infrastructure and a focus on sustainable water management
solutions.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=423
Driver: Government Regulations and Increasing Demand for
Clean Drinking Water
The growing emphasis on water quality and safety, driven by
stringent government regulations, is a significant driver for the Reverse
Osmosis (RO) membrane market. Increased awareness of the health risks
associated with contaminated water has led to a surge in demand for clean
drinking water solutions across residential, commercial, and industrial
sectors.
Restraint: Membrane Fouling and Scaling
Despite their effectiveness, RO membranes face challenges
such as fouling and scaling, which can reduce efficiency and increase
maintenance costs. These issues can lead to operational downtime and require
frequent replacement of membranes, posing a restraint on market growth.
Opportunity: Growing Demand from Emerging Economies
Emerging economies, particularly in Asia-Pacific and Africa,
are witnessing rapid urbanization and industrialization, resulting in increased
demand for water purification technologies. This trend presents significant
opportunities for the RO membrane market, as these regions seek efficient
solutions to address water scarcity and quality concerns.
Challenge: Discharge of Dense Brine
The discharge of dense brine, a byproduct of the reverse
osmosis process, poses environmental challenges. The proper management of brine
disposal is critical to prevent environmental degradation, presenting a
challenge for RO technology adoption in regions with strict environmental
regulations.
Get Sample Copy of this Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=423
Market Segmental Growth
The RO membrane market can be segmented by type (polymeric,
ceramic), application (drinking water treatment, wastewater treatment,
industrial processes), and end-user (residential, commercial, industrial). The
drinking water treatment segment is anticipated to witness the highest growth,
driven by increasing consumer demand for safe drinking water solutions.
Regional Demand
The market is witnessing significant demand across various
regions, with North America and Europe leading due to established
infrastructure and stringent water quality regulations. However, the
Asia-Pacific region is projected to grow at the highest CAGR, fueled by
urbanization, population growth, and rising investments in water treatment
facilities.
Based on region, APAC is projected to grow the fastest in
the RO membrane market during the forecast period.
APAC is projected to be the fastest-growing region amongst
others in the RO membrane market during the forecast period, in terms of value.
Increasing government initiatives in providing water access to all, rise in
population, and increased urbanization are driving the market in APAC. China,
Japan, and India are the major markets in this region. In addition, growing
industrial activities, residential & commercial sector growth in countries
such as Singapore, China, Malaysia, Thailand, Vietnam, Indonesia, India, and
others, are also driving the market growth of water & wastewater treatment
in the RO membrane industry.
Inquire Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=423
Reverse Osmosis (RO) Membrane Market Key Players
Analysis
☑️ Dow Water & Process Solutions – A leader
in RO membrane technology known for innovative solutions in water treatment.
☑️ Toray Industries, Inc. – Provides a wide
range of high-performance membranes for various applications.
☑️ Hydranautics (A Nitto Group Company) –
Specializes in advanced membrane technologies and water purification systems.
☑️ Pall Corporation – Offers a range of
filtration and separation solutions, including RO membranes for diverse
industries.
☑️ LG Chem – A major player in the global
membrane market, focusing on advanced polymer membranes for water treatment.
Conclusion
the Reverse Osmosis (RO) membrane market is poised for
significant growth, driven by increasing government regulations and the rising
demand for clean drinking water. While challenges such as membrane fouling and
the discharge of dense brine present hurdles, the opportunities in emerging
economies and advancements in membrane technology are likely to shape the
market's future. With a robust segmental growth outlook and strong demand
across various regions, key players are well-positioned to capitalize on this
expanding market by developing innovative solutions to meet the evolving needs
of water purification and treatment.
The flooring industry encompasses a wide range of materials
such as hardwood, vinyl, laminate, carpet, and tiles, used in residential,
commercial, and industrial buildings. These materials are designed to provide
durability, aesthetics, and functionality, catering to various customer
preferences and environmental considerations. The market for flooring is
approximated to be USD 331.9 billion in 2023, and it is projected to reach USD
510.7 billion by 2028, at a CAGR of 9.0%.
The flooring
industry is expected to witness strong growth, driven by rising
construction activities, urbanization, and a shift towards sustainable and
eco-friendly flooring solutions. Technological advancements in materials,
increased renovation projects, and expanding demand in emerging economies are
likely to fuel market expansion in the coming years. The global flooring market
is projected to reach substantial growth, with increasing focus on luxury vinyl
tiles (LVT) and green building solutions.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=110789434
Flooring is a construction material applied over a floor
structure to provide a walking surface. It provides a level surface and
supports static and dynamic loads. Different materials like carpets & rugs,
ceramic tiles, wood, laminates, vinyl tiles & sheets, and stones are used
as flooring materials in different residential and non-residential buildings.
It serves both functional and aesthetic aspects of any space. The flooring adds
stability & strength, enhances sound insulation and thermal insulation, and
offers fire resistance in some cases. In residential spaces, beauty and
elegance are the prime concerns. In the context of commercial spaces,
functionalities aspects like high traffic and strength are considered.
The Flooring market can be segmented based on different
materials. These include resilient materials (Vinyl, and others), non-resilient
materials (ceramic tiles, wood, laminate, stone, and others). Soft floor
covering/ carpets & rugs also serve as a good flooring option. Vinyl is
resistant to moisture, and this makes it among the best flooring options for
kitchens, bathrooms, and laundry rooms where occasional spills are a big
concern. Ceramic tile flooring also provides a water resistance, durability,
and decorative floor finish. The non-resilient segment led the market for
flooring. This can be attributed to its properties like high durability,
water-resistance, low maintenance, and reliability.
Get Sample Copy of this Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=110789434
The Flooring market is divided into different end-use
industries, which include residential and non-residential segments. Flooring
materials are very useful and widely used in kitchens, bathrooms, dining rooms,
living rooms, and bedrooms in residences. Ceramic tiles are the most used
non-resilient flooring materials. Ceramic matt tiles are ideal for usage in
kitchens and bathrooms due to their non slippery nature. Flooring can be used
in non-residential constructions like institutions, hospitals, malls, gymnasiums,
auditoriums, offices, cinema theaters etc. Carpets and rugs are used to enhance
the sound insulation of any space. The residential segment dominated the
flooring market.
The Flooring market is studied in five regions, namely,
North America, Europe, Asia Pacific, the Middle East &Africa, and South
America. Asia Pacific is the largest consumer of flooring products globally.
The growth in this region is led by growing developmental activities, rapid
urbanization, and a growing population. This region presents a large customer
base for construction activities due to increasing urbanization. In Europe,
increased constructional and renovation activities are expected to drive the demand
for flooring products in this region.
Inquire Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=110789434
Europe accounted for the second largest market share of
the Flooring Market in 2022
The rising demand of housing in urban areas, increased
infrastructure development activities, and increased modernization and
renovation of buildings are the major key factors for the expansion of the
European construction market. With the region's robust economic growth,
commercial infrastructure construction, such as offices, schools, hotels,
restaurants, and leisure facilities, is on the rise. Initiatives and
investments by the government are aiding the growth of the European
infrastructure.
Flooring Market Trending Key Players
The Flooring Market comprises major players such as Mohawk
Industries, Inc. (US), Tarkett (France), Forbo (Switzerland), Shaw Industries
Group Inc. (Georgia), Interface, Inc. (US), and others are covered in the
Flooring market. Expansions, acquisitions, joint ventures, and new product
developments are some of the major strategies adopted by these key players to
enhance their positions in the Flooring Market.
Packaging plays a critical role in the film industry, where
materials like plastics, paper, aluminum, and other composites are used to
wrap, protect, and preserve products, primarily for food, beverages,
pharmaceuticals, and consumer goods. Packaging films are flexible, lightweight,
and versatile materials designed to maintain the product's integrity during
storage, transportation, and display. With rising consumer demand for
convenient and sustainable packaging solutions, packaging films have become essential
for manufacturers. The global packaging films market is valued at USD
105.4 billion in 2024 and is projected to reach USD 159.7 billion by 2033,
growing at 4.7% cagr from 2024 to 2033. The research report provides
demand analysis, packaging
films market size, share, industry insights, competitive intelligence, and
customer database.
Packaging Films Market Dynamics
Driver: Surging Demand Across Major End-Use Industries
The food and beverage industry is a dominant player in
driving demand for packaging films due to the increasing need for extended
shelf life, convenience, and portability of packaged foods. Similarly,
healthcare, personal care, and electronics industries are fueling growth as
they seek secure, durable, and cost-effective packaging solutions.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1283
Restraint: Limited Infrastructure for Recycling
One of the primary challenges in the packaging films market
is the limited infrastructure for recycling, especially in developing regions.
Despite the growing awareness of sustainability, the availability of facilities
for recycling flexible plastic films remains inadequate, limiting the market’s
full potential for eco-friendly practices.
Opportunities: Untapped Potential in Emerging Markets
Emerging markets in Asia-Pacific, Latin America, and Africa
present significant growth opportunities. Rapid urbanization, changing
lifestyles, and increased spending power in these regions are boosting demand
for packaged goods, thereby fueling the need for advanced packaging films.
Companies entering these regions can tap into this rapidly growing market by
offering sustainable and efficient packaging solutions.
Challenges: Vulnerability in Raw Material Prices
Fluctuations in the prices of raw materials, particularly
crude oil (a key source for plastic packaging films), pose a challenge for
manufacturers. These price variations can impact production costs and,
ultimately, profit margins, making it difficult for companies to maintain
competitive pricing.
Packaging Films Market Segmentation
The packaging films market can be segmented based on
material type, application, and region:
Get Sample Copy of this Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1283
Key Players in the Packaging Films Market
The packaging films market is highly competitive, with
several key players dominating the landscape. These include:
✅ Amcor Ltd. – A global
leader in packaging solutions, specializing in flexible and rigid packaging for
various industries.
✅ Berry Global Inc. –
Known for producing high-quality plastic packaging films and catering to
diverse end-use industries.
✅ Sealed Air Corporation –
Provides innovative and sustainable packaging solutions, particularly in the
food and healthcare sectors.
✅ Mondi Group – A
leading player in the sustainable packaging industry, focusing on eco-friendly
and recyclable packaging films.
✅ Bemis Company, Inc. –
Offers a wide range of packaging films, particularly for the food and
pharmaceutical industries.
These companies are continuously investing in research and
development to create innovative, eco-friendly packaging materials that meet
the growing demand for sustainable solutions.
Inquire Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1283
Conclusion
The packaging films market is experiencing rapid growth,
driven by increased demand across multiple industries. However, challenges such
as fluctuating raw material prices and limited recycling infrastructure hinder
the market's full potential. Nonetheless, untapped opportunities in emerging
markets and a shift toward sustainable packaging present a promising outlook.
Key players in the industry are focusing on innovation and sustainability to
stay competitive in this evolving market.
This article not only covers essential details about
packaging in the film industry but also provides insights into market dynamics,
segmentation, and key player analysis, ensuring that it is SEO-friendly and
comprehensive.
Browse Detailed Research Summary Report:
https://www.marketsandmarkets.com/ResearchInsight/packaging-film-market.asp
The global methanol market is projected to grow from USD
30.9 billion in 2023 to USD 38.0 billion by 2028, at a CAGR of 4.2% from 2023
to 2028. The research report provides demand analysis, methanol
market size, share, industry insights, competitive intelligence, and
customer database. The growth of the construction, automotive, and electronics
industries plays a key role in driving the methanol market.
Based on feedstock, the coal segment is projected to
be the fastest-growing segment during 2023 to 2028. The growth of this segment
can be attributed as coal is considered to be the sustainable alternative raw
material for large-scale methanol production. Coal is widely used in the areas
where there is less availability of natural gas.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=425
Based on derivative, the MTO/MTP segment is
projected to be the fastest-growing segment during 2023 to 2028. The methanol
derivative market is classified into formaldehyde, acetic acid, gasoline,
biodiesel, methanol-to-olefins/methanol-to-propylene (MTO/MTP), methyl methacrylate
(MMA), methyl tert-butyl ether (MTBE), dimethyl ether (DME), among others. Due
to high demand of plastics such as polyethylene and polypropylene, the demand
of MTO is increasing in various countries such as China.
Based on sub-derivative, the olefins segment is
projected to be the fastest-growing segment during 2023 to 2028. The demand for
olefins is increasing due to the large-scale methanol production and high
feedstock availability in various regions.
Based on end-use industries, the solvent segment
is projected to be the fastest-growing segment during 2023 to 2028. This growth
is due to the increasing demand for solvents in the pharmaceutical,
construction, and paints & coatings industries.
Based on region, Asia Pacific is projected to be the
fastest-growing market for methanol during the forecast period. The demand for
methanol market is increasing due to the continuous rise in the production of
methanol for fuel additives, construction, and automotive applications in the
region The excessive growth and innovation along with the industry
consolidations, are expected to increase the demand of methanol in the region.
Get Sample Copy of this Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=425
LIST OF KEY COMPANIES PROFILED IN THE REPORT
Report Coverage:
The research report offers an in-depth analysis of the
industry and highlights prominent areas, such as distribution channels,
competitive landscape, and key product types. The report also offers insights
into the latest market trends and highlights key developments in the industry.
Browse Detailed Research Summary Report:
https://www.marketsandmarkets.com/ResearchInsight/methanol-market.asp
Phase Change Materials (PCMs) are substances that absorb, store, and release large amounts of latent heat during phase transitions, typically from solid to liquid or vice versa. They are widely used for thermal management as they help regulate temperature by absorbing excess heat and releasing it when temperatures drop. In terms of value, the phase change materials market is estimated to grow from USD 628 million in 2024 to USD 1,383 million by 2029, at a CAGR of 17.1%. The market report provides phase change materials market size, share, growth, demand analysis, industry insights, competitive intelligence, and customer database.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1087
Rising demand for phase change materials from industries such as building & construction, HVAC, cold chain & packaging, thermal energy storage, refrigeration & equipment, textiles, electronics, and others for a variety of applications is leading the market.
Industry Demand and End-Use Applications
The demand for PCMs is growing in industries like building & construction (for energy-efficient buildings), textiles (for smart clothing), electronics (for cooling devices), and healthcare (for temperature-sensitive packaging). Their ability to improve energy efficiency and sustainability is driving their adoption across multiple sectors.
Phase change materials are used primarily for thermal energy storage, regulating temperatures in building & construction, HVAC, cold chain & packaging, thermal energy storage, refrigeration & equipment, textiles, electronics, and others. They absorb and release heat during phase transitions, reducing energy consumption for heating and cooling. Additionally, phase change materials are used in textiles for temperature-regulating fabrics and in cold chain logistics for preserving perishable goods. Their versatility extends to medical devices, where phase change materials ensure precise temperature control during transportation and storage of sensitive medications and vaccines, contributing to improved efficacy and safety.
“Organic segment was the largest type in phase change materials market in 2023, in terms of value.”
Organic segment was the largest type in the phase change materials in 2023 due to their high effectiveness in reducing flammability and their wide availability. Despite growing concerns over their environmental and health impacts, they continue to dominate the market owing to their proven efficacy and relatively lower cost compared to alternatives. Additionally, their established usage in various industries and regulatory compliance contribute to their continued prominence in the market.
Get Sample Copy of this Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=1087
“Cold chain & packaging segment is estimated to be the fastest-growing application for phase change materials market during the forecast period 2024 to 2029.”
The cold chain & packaging segment emerged as the fastest-growing application in the phase change materials market during the forecast period from 2024 to 2029 due to several factors. With the increasing demand for temperature-sensitive goods such as pharmaceuticals, biologics, and fresh food products, there is a critical need for reliable temperature-controlled packaging solutions. Phase change materials offer an effective method to maintain the required temperature range during transportation and storage, ensuring product integrity and safety. Additionally, stringent regulations governing the transportation of perishable goods and the growing focus on reducing food waste further drove the adoption of phase change materials-based packaging solutions, accelerating growth in this segment.
“Europe was the largest region for the phase change materials market in 2023, in terms of value.”
Europe emerged as the leading region in the phase change materials market, primarily driven by several factors. The region's strong emphasis on energy efficiency, stringent environmental regulations, and robust investments in sustainable technologies propelled the adoption of phase change materials across various industries. In sectors such as building & construction, automotive, and electronics, there was a growing demand for phase change materials solutions to enhance thermal management and reduce energy consumption. Additionally, Europe's well-established infrastructure and research capabilities facilitated the development and commercialization of advanced phase change materials technologies, further bolstering its leadership position in the global phase change materials market during the year.
Inquire Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1087
Key Players
The key market players identified in the report are Honeywell International Inc. (US), DuPont de Nemours, Inc. (US), Croda International Plc (UK), Boyd Corporation (US), Sasol Limited (South Africa), Outlast Technologies LLC (US), Climator Sweden AB (Sweden), Rubitherm Technologies GmbH (Germany), PureTemp LLC (US), and Phase Change Solutions (US).
Honeywell International Inc., a diversified multinational company, excels in aerospace, building technologies, and safety solutions. These innovative materials enhance energy efficiency in buildings & construction, HVAC, cold chain & packaging, thermal energy storage, refrigeration & equipment, textile, electronics, and refine thermal management across applications. Honeywell International Inc. PCM solutions underscore its commitment to sustainability, fostering significant energy savings and environmental benefits. With a global presence and relentless innovation, Honeywell International Inc. continues to drive PCM technology forward, reshaping industries and reinforcing its position as a leader in diverse sectors. With a strong reputation for reliability and innovation, Honeywell International Inc. is a trusted partner for businesses seeking top-tier phase change material.