Global Eutectic Phase Change Materials Market, By Product Type (Eutectic Solder, Brazing Alloys and Others), Applications (Automotive, Aerospace, Electronic and Electrical, Optoelectronic and Medical)-Industry Trends and Forecast to 2029.
Global Eutectic Phase Change Materials Market Analysis and Size
Heat energy is collected and released as a materials transitions from solid to liquid or vice versa, and this is the main mechanism. Aside from that, phase change materials have a wide range of uses. They're utilised to store heat for air conditioning, load reduction at peak times, and as a buffer for solar-based applications.
Data Bridge Market Research analyses that the eutectic phase change materials market was valued at USD 2033.00 million in 2021 and is further estimated to reach USD 3493.07 million by 2029, and is expected to grow at a CAGR of 7.0% during the forecast period of 2022 to 2029.during the forecast period. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2019 - 2014)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Eutectic Solder, Brazing Alloys and Others), Applications (Automotive, Aerospace, Electronic and Electrical, Optoelectronic and Medical)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Aimtek (US), The Lincoln Electric Company (US), Alfa Aesar (US), Solvay (Belgium), Finetech (Germany), Bellman-Melcor (US), Lucas-Milhaupt, Inc. (US), Ador Fontech (India), Aufhauser Corporation. (US), Belmont Metals (US), Global E Systems (Netherlands), PCM Products Ltd (UK), Climator SWEDEN AB (Sweden), Sasol Limited (SA), Laird (US), Honeywell International Inc. (US).
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Market Opportunities
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Global Eutectic Phase Change Materials Market Definition
Eutectic is a phase change materials does not change when heated and cooled cyclically. Eutectic plates are made up of a mixture of two or more compounds, each of which having a lower melting point than the others. A solution that has a phase change temperature of less than 0°C (32°F) is called eutectic.
Eutectic Phase Change Materials Market Dynamics
Drivers
Major factors that are expected to boost the growth of the eutectic phase change materials market in the forecast period are as follows:
- Rise in the use of phase change materials for temperature control
Increased use of phase change materials for temperature control. The use of phase change materials in construction ensures room temperature management is one of the primary factors for the eutectic phase change materials market.
- Rising innovations and technological developments
The current market demand is for eutectic phase change materials that are both cost-effective and meet the region's minimum standards or regulations. As a result of the growing demand for new and innovative products, technological and product innovation occurs
- Increase in the trend of biobased phase change materials
The demand for eutectic phase change materials will be fueled by the growing popularity of biobased phase change materials due to their environmental and safety benefits.
Opportunities
In addition, the increase in the demand for cold chain logistics is further estimated to provide potential opportunities for the growth of the eutectic phase change materials market in the coming years.
Restraints/Challenges Global Eutectic Phase Change Materials Market
On the other hand, the dearth of awareness for the benefits of eutectic phase change materials and dearth of government subsidies is further projected to impede the growth of the eutectic phase change materials market in the targeted period. However, the comparatively increased cost for switching from conventional materials might further challenge the growth of the eutectic phase change materials market in the near future.
This eutectic phase change materials market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the eutectic phase change materials market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Covid-19 Impact on Eutectic Phase Change Materials Market
The pandemic of COVID-19 has had a huge impact on the eutectic phase change materials market. As a result of the epidemic, various countries throughout the world went into lockdown to prevent the virus from spreading further. As a result, the supply and demand chain was interrupted, which had an impact on the market. The phase change materials market has been hampered by the fluctuating price of raw materials used to create phase change material, as well as the COVID-19 pandemic. However, in the post-COVID scenario, companies have anticipated a return to normalcy and an improvement in the eutectic phase change materials market in the near future.
Recent Development
- In January 2019, PureTemp LLC has introduced a temperature-control fabric treatment that can be used in apparel, footwear, bedding, safety, medical, workwear, and industrial applications to manage ambient temperature swings.
Global Eutectic Phase Change Materials Market Scope and Market Size
The eutectic phase change materials market is segmented on the basis of product and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Eutectic Solder
- Brazing Alloys
- Others
On the basis of product type, the eutectic phase change materials market is segmented into eutectic solder, brazing alloys and others. Brazing alloys has been further sub segmented into Au-Sn, Au-Ge, Cu-Ag., others.
Applications
- Automotive
- Aerospace
- Electronic and Electrical
- Optoelectronic
- Medical
On the basis of applications, the eutectic phase change materials market is segmented into automotive, aerospace, electronic and electrical, optoelectronic and medical.
Eutectic Phase Change Materials Market Regional Analysis/Insights
The eutectic phase change materials market is analysed and market size insights and trends are provided by country, product and application as referenced above.
The countries covered in the eutectic phase change materials market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (M.E.A.) as a part of Middle East and Africa (M.E.A.), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the eutectic phase change materials market due to the technological developments. Furthermore, the several companies are working and investing in the research and development for various innovative applications will further boost the growth of the eutectic phase change materials market in the region during the forecast period.
Europe is projected to observe significant amount of growth in the eutectic phase change materials market due to the rise in the demand from the key end-users including healthcare, aerospace, automotive, and others. Moreover, the Germany is being the leading producer and exporter of phase change materials which is anticipated to propel the growth of the eutectic phase change materials market in the region in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Eutectic Phase Change Materials Market Share Analysis
The eutectic phase change materials market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to eutectic phase change materials market.
Some of the major players operating in the eutectic phase change materials market are:
- Aimtek (US)
- The Lincoln Electric Company (US)
- Alfa Aesar (US)
- Solvay (Belgium)
- Finetech (Germany)
- Bellman-Melcor (US)
- Lucas-Milhaupt, Inc. (US)
- Ador Fontech (India)
- Aufhauser Corporation. (US)
- Belmont Metals (US)
- Global E Systems (Netherlands)
- PCM Products Ltd (UK)
- Climator SWEDEN AB (Sweden)
- Sasol Limited (SA)
- Laird (US)
- Honeywell International Inc. (US)
Research Methodology : Global Eutectic Phase Change Materials Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-eutectic-phase-change-materials-market
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