Middle East and Africa Advanced Phase Change Materials Market

Phase Change Material (PCM) is basically an energy storage technology, primarily used in the thermal packaging industry to maintain a temperature‐sensitive product within the manufacturer’s required temperature range during all transportation phases. The advanced PCM materials find its application at the commercial level.

The Middle East & African advanced phase change materials market is one of the emerging markets in the temperature controlled packaging and textile industries. The market is expected to grow at a CAGR of 11.9% from 2013 to 2018. The growth in the market is driven by the shift from oil & gas as their main energy, and increasing environmental concerns that has resulted in fueling the market demand of PCM materials in this region.

The Middle East & African advanced phase change materials market is segmented on the basis of application, sub-market, and geography. With respect to application, this market is segmented into building & construction, energy storage systems, HVAC system, phase change memory, refrigeration, supply chain, and textile application among others. On the basis of sub-market, it includes organic, inorganic, and bio-based PCM materials. The market further is segmented on the basis of geography  into Saudi Arabia, Kuwait, and Qatar among others. Prominent companies operating in this market include BASF SE, Ewald Dörken AG, Intel Corporation, Honeywell Electronics Materials Inc., Micron Technologies Inc., CIAT Group, and Cryopak Inc.

This research study involves the usage of both primary and secondary data. Such credible data is gathered from a variety of secondary resources that involves press releases and industry white papers.  

The market study on advanced phase change materials focuses on market share, value chain analysis, and various market dynamics, such as drivers, restraints, and upcoming opportunities. It also presents a competitive landscape of key players in this market, in addition to their product portfolio, recent developments, growth strategies & trends, and company financials.

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