Advanced Phase Change Materials Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

Coverage: Advanced Phase Change Materials Market covers analysis By Type (Organic PCM, Inorganic PCM); Application (Packaging, Building and Construction, Energy Storage, HVAC, Electronics, Others); , and Geography (North America, Europe, Asia Pacific, and South and Central America)

Publication Month : Apr 2024

  • Report Code : TIPRE00003336
  • Category : Chemicals and Materials
  • Status : Upcoming
  • No. of Pages : 150
Inquire Before Buy

PRICING

$5190

$4671

MARKET OVERVIEW   

Advanced Phase Change Materials (PCMs) are specialized materials that can store and release thermal energy through a physical change such as melting or solidification. These materials are used in various applications, such as building insulation, HVAC systems, and thermal energy storage. They have high thermal storage capacity, maintain a relatively constant temperature over a wide range of temperatures, are non-toxic, non-flammable, and have a long service life. Common types of advanced PCMs include paraffin waxes, eutectic salts, and fatty acid derivatives. They come in different forms, such as pellets, microcapsules, and fibers. Advanced PCMs are superior to traditional PCMs in terms of thermal storage capacity and temperature range.     

MARKET SCOPE

The "Global Advanced Phase Change Materials Market Analysis to 2028" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global advanced phase change materials market trend analysis. The report aims to provide an overview of the advanced phase change materials market with detailed market segmentation by type, application, and geography. The report provides key statistics on the market status of the leading advanced phase change materials market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  • Based on type, the global advanced phase change materials market is segmented into organic tcm and inorganic tcm.
  • Based on application, the global advanced phase change materials market is segmented into packaging, building and construction, energy storage, hvac, electronics, others. 

MARKET DYNAMICS

Drivers:

  • Demand for "green" construction.
  • Rising emphasis on stringent implementation of environmental regulations coupled with growing investment to develop environment-friendly bio-based advanced phase change material.
  • Growing awareness and implementation of energy-efficient technologies and practices.

Restraints:

  • Stringent government regulations.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global advanced phase change materials market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The advanced phase change materials market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region. The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the advanced phase change materials market in these regions.

IMPACT OF COVID-19 ON ADVANCED PHASE CHANGE MATERIALS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, because of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.

World Geography

Have a question?

Analyst

Shejal

Shejal will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.

Analyst   Speak to Analyst
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
MARKET PLAYERS

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global advanced phase change materials market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The advanced phase change materials market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region. The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA, and South America after evaluating political, economic, social, and technological factors affecting the advanced phase change materials market in these regions.

IMPACT OF COVID-19 ON ADVANCED PHASE CHANGE MATERIALS MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The chemical & materials industry is one of the major industries suffering serious disruptions, such as supply chain breaks, technology events cancellations, and office shutdowns, because of this pandemic. The shutdown of various plants and factories in leading regions such as North America, Europe, Asia Pacific, South America, and the Middle East & Africa has affected the global supply chain and negatively impacted the manufacturing, delivery schedules, and sales of various goods. Furthermore, various companies have already announced possible delays in product deliveries and slump in future sales of their products.

MARKET PLAYERS

The report covers key developments in the advanced phase change materials market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from advanced phase change materials market are anticipated to lucrative growth opportunities in the future with the rising demand for advanced phase change materials in the global market. The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the advanced phase change materials market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  • Advansa B.V.
  • BASF SE
  • Cryopak
  • E. I. Du Pont De Nemours And Company
  • Entropy Solutions
  • Microtek Laboratories, Inc.
  • Outlast Technologies LLC
  • Phase Change Energy Solutions
  • Pluss Advanced Technologies Pvt. Ltd.
  • Sonoco Products Company.
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
  • Request discounts available for Start-Ups & Universities
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

This text is related
to segments covered.

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

This text is related
to country scope.

TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Advanced Phase Change Materials Market - By Type
1.3.2 Advanced Phase Change Materials Market - By Application
1.3.3 Advanced Phase Change Materials Market - By Region
1.3.3.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. ADVANCED PHASE CHANGE MATERIALS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS

5. ADVANCED PHASE CHANGE MATERIALS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. ADVANCED PHASE CHANGE MATERIALS MARKET - GLOBAL MARKET ANALYSIS
6.1. ADVANCED PHASE CHANGE MATERIALS - GLOBAL MARKET OVERVIEW
6.2. ADVANCED PHASE CHANGE MATERIALS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING

7. ADVANCED PHASE CHANGE MATERIALS MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. ORGANIC PCM
7.3.1. Overview
7.3.2. Organic PCM Market Forecast and Analysis
7.4. INORGANIC PCM
7.4.1. Overview
7.4.2. Inorganic PCM Market Forecast and Analysis
8. ADVANCED PHASE CHANGE MATERIALS MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. PACKAGING
8.3.1. Overview
8.3.2. Packaging Market Forecast and Analysis
8.4. BUILDING AND CONSTRUCTION
8.4.1. Overview
8.4.2. Building and Construction Market Forecast and Analysis
8.5. ENERGY STORAGE
8.5.1. Overview
8.5.2. Energy Storage Market Forecast and Analysis
8.6. HVAC
8.6.1. Overview
8.6.2. HVAC Market Forecast and Analysis
8.7. ELECTRONICS
8.7.1. Overview
8.7.2. Electronics Market Forecast and Analysis
8.8. OTHERS
8.8.1. Overview
8.8.2. Others Market Forecast and Analysis

9. ADVANCED PHASE CHANGE MATERIALS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Advanced Phase Change Materials Market Overview
9.1.2 North America Advanced Phase Change Materials Market Forecasts and Analysis
9.1.3 North America Advanced Phase Change Materials Market Forecasts and Analysis - By Type
9.1.4 North America Advanced Phase Change Materials Market Forecasts and Analysis - By Application
9.1.5 North America Advanced Phase Change Materials Market Forecasts and Analysis - By Countries
9.1.5.1 United States Advanced Phase Change Materials Market
9.1.5.1.1 United States Advanced Phase Change Materials Market by Type
9.1.5.1.2 United States Advanced Phase Change Materials Market by Application
9.1.5.2 Canada Advanced Phase Change Materials Market
9.1.5.2.1 Canada Advanced Phase Change Materials Market by Type
9.1.5.2.2 Canada Advanced Phase Change Materials Market by Application
9.1.5.3 Mexico Advanced Phase Change Materials Market
9.1.5.3.1 Mexico Advanced Phase Change Materials Market by Type
9.1.5.3.2 Mexico Advanced Phase Change Materials Market by Application
9.2. EUROPE
9.2.1 Europe Advanced Phase Change Materials Market Overview
9.2.2 Europe Advanced Phase Change Materials Market Forecasts and Analysis
9.2.3 Europe Advanced Phase Change Materials Market Forecasts and Analysis - By Type
9.2.4 Europe Advanced Phase Change Materials Market Forecasts and Analysis - By Application
9.2.5 Europe Advanced Phase Change Materials Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Advanced Phase Change Materials Market
9.2.5.1.1 Germany Advanced Phase Change Materials Market by Type
9.2.5.1.2 Germany Advanced Phase Change Materials Market by Application
9.2.5.2 France Advanced Phase Change Materials Market
9.2.5.2.1 France Advanced Phase Change Materials Market by Type
9.2.5.2.2 France Advanced Phase Change Materials Market by Application
9.2.5.3 Italy Advanced Phase Change Materials Market
9.2.5.3.1 Italy Advanced Phase Change Materials Market by Type
9.2.5.3.2 Italy Advanced Phase Change Materials Market by Application
9.2.5.4 United Kingdom Advanced Phase Change Materials Market
9.2.5.4.1 United Kingdom Advanced Phase Change Materials Market by Type
9.2.5.4.2 United Kingdom Advanced Phase Change Materials Market by Application
9.2.5.5 Russia Advanced Phase Change Materials Market
9.2.5.5.1 Russia Advanced Phase Change Materials Market by Type
9.2.5.5.2 Russia Advanced Phase Change Materials Market by Application
9.2.5.6 Rest of Europe Advanced Phase Change Materials Market
9.2.5.6.1 Rest of Europe Advanced Phase Change Materials Market by Type
9.2.5.6.2 Rest of Europe Advanced Phase Change Materials Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Advanced Phase Change Materials Market Overview
9.3.2 Asia-Pacific Advanced Phase Change Materials Market Forecasts and Analysis
9.3.3 Asia-Pacific Advanced Phase Change Materials Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Advanced Phase Change Materials Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Advanced Phase Change Materials Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Advanced Phase Change Materials Market
9.3.5.1.1 Australia Advanced Phase Change Materials Market by Type
9.3.5.1.2 Australia Advanced Phase Change Materials Market by Application
9.3.5.2 China Advanced Phase Change Materials Market
9.3.5.2.1 China Advanced Phase Change Materials Market by Type
9.3.5.2.2 China Advanced Phase Change Materials Market by Application
9.3.5.3 India Advanced Phase Change Materials Market
9.3.5.3.1 India Advanced Phase Change Materials Market by Type
9.3.5.3.2 India Advanced Phase Change Materials Market by Application
9.3.5.4 Japan Advanced Phase Change Materials Market
9.3.5.4.1 Japan Advanced Phase Change Materials Market by Type
9.3.5.4.2 Japan Advanced Phase Change Materials Market by Application
9.3.5.5 South Korea Advanced Phase Change Materials Market
9.3.5.5.1 South Korea Advanced Phase Change Materials Market by Type
9.3.5.5.2 South Korea Advanced Phase Change Materials Market by Application
9.3.5.6 Rest of Asia-Pacific Advanced Phase Change Materials Market
9.3.5.6.1 Rest of Asia-Pacific Advanced Phase Change Materials Market by Type
9.3.5.6.2 Rest of Asia-Pacific Advanced Phase Change Materials Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Advanced Phase Change Materials Market Overview
9.4.2 Middle East and Africa Advanced Phase Change Materials Market Forecasts and Analysis
9.4.3 Middle East and Africa Advanced Phase Change Materials Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Advanced Phase Change Materials Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Advanced Phase Change Materials Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Advanced Phase Change Materials Market
9.4.5.1.1 South Africa Advanced Phase Change Materials Market by Type
9.4.5.1.2 South Africa Advanced Phase Change Materials Market by Application
9.4.5.2 Saudi Arabia Advanced Phase Change Materials Market
9.4.5.2.1 Saudi Arabia Advanced Phase Change Materials Market by Type
9.4.5.2.2 Saudi Arabia Advanced Phase Change Materials Market by Application
9.4.5.3 U.A.E Advanced Phase Change Materials Market
9.4.5.3.1 U.A.E Advanced Phase Change Materials Market by Type
9.4.5.3.2 U.A.E Advanced Phase Change Materials Market by Application
9.4.5.4 Rest of Middle East and Africa Advanced Phase Change Materials Market
9.4.5.4.1 Rest of Middle East and Africa Advanced Phase Change Materials Market by Type
9.4.5.4.2 Rest of Middle East and Africa Advanced Phase Change Materials Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Advanced Phase Change Materials Market Overview
9.5.2 South and Central America Advanced Phase Change Materials Market Forecasts and Analysis
9.5.3 South and Central America Advanced Phase Change Materials Market Forecasts and Analysis - By Type
9.5.4 South and Central America Advanced Phase Change Materials Market Forecasts and Analysis - By Application
9.5.5 South and Central America Advanced Phase Change Materials Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Advanced Phase Change Materials Market
9.5.5.1.1 Brazil Advanced Phase Change Materials Market by Type
9.5.5.1.2 Brazil Advanced Phase Change Materials Market by Application
9.5.5.2 Argentina Advanced Phase Change Materials Market
9.5.5.2.1 Argentina Advanced Phase Change Materials Market by Type
9.5.5.2.2 Argentina Advanced Phase Change Materials Market by Application
9.5.5.3 Rest of South and Central America Advanced Phase Change Materials Market
9.5.5.3.1 Rest of South and Central America Advanced Phase Change Materials Market by Type
9.5.5.3.2 Rest of South and Central America Advanced Phase Change Materials Market by Application

10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

11. ADVANCED PHASE CHANGE MATERIALS MARKET, KEY COMPANY PROFILES
11.1. ADVANSA B.V.
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BASF SE
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. CRYOPAK
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. E. I. DU PONT DE NEMOURS AND COMPANY
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ENTROPY SOLUTIONS
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. MICROTEK LABORATORIES, INC.
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. OUTLAST TECHNOLOGIES LLC
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PHASE CHANGE ENERGY SOLUTIONS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. PLUSS ADVANCED TECHNOLOGIES PVT. LTD.
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. SONOCO PRODUCTS COMPANY
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments

12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS

The List of Companies

  • Advansa B.V.
  • BASF SE
  • Cryopak
  • E. I. Du Pont De Nemours And Company
  • Entropy Solutions
  • Microtek Laboratories, Inc.
  • Outlast Technologies LLC
  • Phase Change Energy Solutions
  • Pluss Advanced Technologies Pvt. Ltd.
  • Sonoco Products Company.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

Your data will never be shared with third parties, however, we may send you information from time to time about our products that may be of interest to you. By submitting your details, you agree to be contacted by us. You may contact us at any time to opt-out.

Trends and growth analysis reports related to Advanced Phase Change Materials Market