HOME Research Insight Most of the Phase Change Material Market Players Cater to Building & Construction Industry



Most of the Phase Change Material Market Players Cater to Building & Construction Industry


Phase Change Material Market  is a niche market but with a huge market potential. The market is consolidated with a few major players covering the maximum market share. There are different major players for different applications; for example, BASF (Germany) is a major player for PCM in building & construction, while Outlast (U.S.) is a major player in textile applications. In the phase change material industry, new product launch is the approach most commonly followed by the market participants in order to grow and sustain their share.

Phase Change Material Market  is a niche market but with a huge market potential. The market is consolidated with a few major players covering the maximum market share. There are different major players for different applications; for example, BASF (Germany) is a major player for PCM in building & construction, while Outlast (U.S.) is a major player in textile applications. In the phase change material industry, new product launch is the approach most commonly followed by the market participants in order to grow and sustain their share.

The major developments in the phase change material market are dominated by a few major players such as BASF SE (Germany), Entropy Solutions Inc. (U.S.), Micron Technology Inc. (U.S.), Outlast Technology (U.S.), Sonoco Products Co. (U.S.), etc. Market players are mainly focused on the development of phase change material and PCM-based products by partnering with other companies to develop and grow their market share.

This industry has a low threat from new entrants as the manufacture of PCM requires a technical assistance and the raw paraffin or the salt hydrates cannot be directly used as PCM. The properties of this raw material have to be altered to be effectively used as PCM. Also, the macro and microencapsulation requires infrastructure for the production of macro and microencapsulated PCM.

Building & construction is the largest application of PCM and has the maximum number of companies. Building & construction has seen the maximum number of developments by the market players followed by shipping, packaging, and transportation.

The phase change material industry saw maximum developments in 2012, indicating the increasing number of developments every year with excellent growth opportunities in the near future.

Outlast Technology (U.S.), Sonoco Products (U.S.), and DuPont (U.S.) had the maximum number of developments in the phase change material industry from 2009 to 2012. These companies operate in various applications like textile, shipping, packaging & transportation, and building & construction respectively.

Related Reports:

Advanced Phase Change Material Market (PCM) by Type (Inorganic, Organic & Bio-Based) & Application (Building & Construction, Cold Storage, Hvac, Textile, Thermal Energy Storage, Electronics) - Global Trends & Forecast to 2018

http://www.marketsandmarkets.com/Market-Reports/advanced-phase-change-material-pcm-market-1087.html

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