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Refrigeration Inorganic Phase Change Materials Market Share and New Trends Analysis: By Its Type, Application, End-use and Forecast for period from 2024 to 2031
The "Refrigeration Inorganic Phase Change Materials Market" is focused on controlling cost, and improving efficiency. Moreover, the reports offer both the demand and supply aspects of the market. The Refrigeration Inorganic Phase Change Materials market is expected to grow annually by 6.5% (CAGR 2024 - 2031).
This entire report is of 138 pages.
Refrigeration Inorganic Phase Change Materials Introduction and its Market Analysis
The Refrigeration Inorganic Phase Change Materials market research report provides an in-depth analysis of the market conditions, focusing on the emerging trend of using inorganic phase change materials in refrigeration systems. These materials have high energy storage capacity and can improve the efficiency of cooling systems, driving revenue growth in the market. Key players include BASF SE, Dow Corning, DuPont, Henkel AG, Laird Technologies, Croda International, Datum Phase Change, and Kaplan Energy. The report highlights the increasing demand for sustainable refrigeration solutions and recommends companies to invest in R&D for product innovation and market expansion.
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The Refrigeration Inorganic Phase Change Materials market is segmented by type into Type I and Type II, as well as by application into Application I and Application II. Type I materials exhibit high thermal conductivity and stability, while Type II materials have better encapsulation and compatibility properties. In terms of applications, Application I is typically used in cold chain logistics, while Application II is commonly found in refrigeration systems.
Regulatory and legal factors specific to the market conditions include compliance with environmental regulations, such as the Montreal Protocol and the Kigali Amendment, which aim to phase out harmful refrigerants. Additionally, product safety standards and labeling requirements must be met to ensure consumer protection. As the market for refrigeration inorganic phase change materials continues to grow, companies must stay vigilant in monitoring and adapting to changing regulatory requirements to ensure continued success in the industry.
Top Featured Companies Dominating the Global Refrigeration Inorganic Phase Change Materials Market
The refrigeration inorganic phase change materials market is highly competitive, with key players including BASF SE, Dow Corning, DuPont, Henkel AG, Laird Technologies, Croda International, Datum Phase Change, Kaplan Energy, and others. These companies offer a wide range of inorganic phase change materials that are used in various refrigeration applications to improve energy efficiency and temperature control.
BASF SE is a leading player in the market, offering a range of inorganic phase change materials such as Micronal PCM. The company has a strong presence in the global market and is known for its innovative products and solutions. Dow Corning is another major player, known for its range of SILFRA phase change materials which are used in various refrigeration applications.
DuPont is a well-known player in the market, offering a range of inorganic phase change materials under its Tyco brand. The company is known for its high-quality products and solutions. Henkel AG also offers a range of inorganic phase change materials for various refrigeration applications.
Laird Technologies, Croda International, Datum Phase Change, and Kaplan Energy are other players in the market that offer innovative solutions for refrigeration applications using inorganic phase change materials. These companies play a key role in driving the growth of the refrigeration inorganic phase change materials market through their research and development efforts, product innovation, and strategic partnerships.
In terms of sales revenue, BASF SE reported sales of € billion in 2020, while Dow Corning reported sales of $11.8 billion in the same year. DuPont reported sales of $21.5 billion in 2020. These companies have a significant impact on the refrigeration inorganic phase change materials market and are poised to grow further in the coming years.
- BASF SE
- Dow Corning
- DuPont
- Henkel AG
- Laird Technologies
- Croda International
- Datum Phase Change
- Kaplan Energy
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Refrigeration Inorganic Phase Change Materials Market Analysis, by Type:
- Type I
- Type II
Type I refrigeration inorganic phase change materials are substances that directly absorb and release heat during phase change without undergoing a change in chemical composition, such as salts and metals. Type II materials, on the other hand, are composite materials that involve the encapsulation of organic phase change materials within an inorganic matrix. These materials improve efficiency and stability, making them ideal for a wide range of refrigeration applications, thereby boosting the demand for refrigeration inorganic phase change materials in the market. Their versatility and effectiveness in storing and releasing energy make them an attractive choice for various industries.
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Refrigeration Inorganic Phase Change Materials Market Analysis, by Application:
- Application I
- Application II
Refrigeration Inorganic Phase Change Materials are used in various applications such as thermal energy storage in buildings and refrigeration units. In Application I, these materials are used to store cold energy during off-peak hours and release it during peak hours to reduce energy consumption. In Application II, they are used in refrigeration systems to maintain a constant temperature by absorbing heat during the phase change process.
The fastest growing application segment in terms of revenue is thermal energy storage in buildings, where the use of Refrigeration Inorganic Phase Change Materials is increasing rapidly due to their ability to reduce energy costs and improve overall energy efficiency.
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Refrigeration Inorganic Phase Change Materials Industry Growth Analysis, by Geography:
North America:
- United States
- Canada
Europe:
- Germany
- France
- U.K.
- Italy
- Russia
Asia-Pacific:
- China
- Japan
- South Korea
- India
- Australia
- China Taiwan
- Indonesia
- Thailand
- Malaysia
Latin America:
- Mexico
- Brazil
- Argentina Korea
- Colombia
Middle East & Africa:
- Turkey
- Saudi
- Arabia
- UAE
- Korea
The refrigeration inorganic phase change materials market is expected to witness significant growth in regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Among these regions, North America and Europe are expected to dominate the market with a market share percent valuation of 30% and 25%, respectively. Asia-Pacific is also projected to experience a substantial growth in the market, with an expected market share of 20%. Latin America and the Middle East & Africa regions are expected to contribute 15% and 10% to the market share, respectively.
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