Us Eutectic Phase Change Material Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Eutectic Phase Change Material Market was valued at USD 1.5 Billion in 2022 and is projected to reach USD 3.2 Billion by 2030, growing at a CAGR of 10.3% from 2024 to 2030.
The US Eutectic Phase Change Material (EPCM) market is experiencing significant growth, driven by the increasing demand for energy-efficient solutions in various industries. These materials, known for their ability to absorb and release thermal energy during the melting and solidifying phases, are widely used in thermal management applications. The adoption of EPCMs has surged in industries such as electronics, construction, and renewable energy, as they provide a sustainable way to store and regulate heat, reducing energy consumption and enhancing the performance of products.
In the electronics industry, the application of EPCMs is particularly noteworthy. With the rapid development of high-performance devices, there is an urgent need for effective thermal management solutions. EPCMs offer a promising solution by absorbing excess heat and preventing overheating in critical components. This is especially crucial for devices with high processing power, such as servers and data centers, where maintaining an optimal temperature is vital for performance and longevity.
Additionally, EPCMs play a key role in the construction industry, particularly in passive building designs. By integrating phase change materials into building materials like insulation panels, it is possible to regulate indoor temperatures without the need for excessive heating or cooling systems. This not only reduces energy costs but also contributes to the overall sustainability of buildings. As green building standards become more stringent, the use of EPCMs is expected to rise significantly.
Renewable energy systems, particularly solar energy, also benefit from EPCMs. These materials can store heat during the day and release it during the night, improving the efficiency of solar thermal systems. This ability to balance energy storage and release makes EPCMs an integral part of the ongoing development of renewable energy technologies.
As the demand for energy-efficient solutions continues to grow, the US EPCM market is expected to expand rapidly. The market's future looks promising, especially with advancements in material technology and the increasing focus on sustainability. Moreover, the growing popularity of smart homes and IoT applications is likely to further boost the demand for EPCMs as part of integrated energy management systems.
In conclusion, the US Eutectic Phase Change Material market is poised for growth, driven by its versatile applications across multiple sectors. From electronics to renewable energy, EPCMs are playing a crucial role in transforming how we approach energy efficiency and sustainability.
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Aimtek
The Harris Products Group
Alfa Aesar
Solvay
Finetech
Bellman-Melcor
Lucas-Milhaupt
Ador Fontech Ltd
Aufhauser Corporation
Belmont Metals
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Eutectic Phase Change Material Market
Organic Phase Change Materials (PCMs)
Inorganic Phase Change Materials (PCMs)
Bio-based Phase Change Materials
Building and Construction
Cold Chain Storage
Transportation and Automotive
Consumer Electronics
Textiles
Aerospace
Commercial Real Estate
Residential Buildings
IT and Telecommunications
Healthcare
Food and Beverage
Pharmaceuticals
Encapsulated PCMs
Non-Encapsulated PCMs
PCM-infused Products
PCM Films and Coatings
Residential Applications
Commercial Applications
Industrial Applications
Public Sector Applications
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Eutectic Phase Change Material Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Eutectic Phase Change Material Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Eutectic Phase Change Material Market, By Type
6. Global Eutectic Phase Change Material Market, By Application
7. Global Eutectic Phase Change Material Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Eutectic Phase Change Material Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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