China Phase Change Materials Market, By End-user

Year BIOPHARMACEUTICAL COMPANIES HOSPITALS MEDICAL LABORATORIES OTHERS
2019 $ 434.31 $ 310.24 $ 205.09 $ 68.2
2020 $ 477.35 $ 339.12 $ 223.26 $ 73.23
2021 $ 554.37 $ 391.7 $ 256.8 $ 83.07
2022 $ 655.99 $ 460.99 $ 300.97 $ 95.98
2023 $ 782.48 $ 546.93 $ 355.58 $ 111.76
2024 $ 931.96 $ 647.92 $ 419.46 $ 129.88
2025 $ 1111.28 $ 768.47 $ 495.39 $ 151.07
2026 $ 1306.04 $ 898.37 $ 576.66 $ 173.11
2027 $ 1537.85 $ 1052.23 $ 672.53 $ 198.68
2028 $ 1815.7 $ 1235.81 $ 786.46 $ 228.54
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China Phase Change Materials Market, By End-user

Synopsis
The above chart is China Phase Change Materials Market, By End-user

Market Dynamics

phase change materials (pcm) are substances that can store and release large amounts of thermal energy as they undergo a phase change from solid to liquid or vice versa. they are widely used in various industries, including construction, transportation, energy, and textiles. china is a major producer and consumer of pcm, driven by its growing economy and increasing demand for energy-efficient solutions. let's take a closer look at the demand for pcm in china by end-user industries. construction: the construction industry is the largest end-user of pcm in china. pcm is used in building envelopes, such as roofs, walls, and windows, to regulate indoor temperature and reduce energy consumption. with china's rapid urbanization and increasing focus on sustainable building practices, the demand for pcm in the construction sector is expected to continue to grow in the coming years. transportation: the transportation sector, including automotive, aerospace, and marine industries, is another key end-user of pcm in china. pcm-based thermal storage systems are used in vehicles to regulate the temperature in the passenger compartment and improve fuel efficiency. additionally, pcm is used in the construction of thermal insulation materials for transportation equipment, further driving its demand in this sector. energy: the energy sector is a major consumer of pcm in china. pcm is used in thermal energy storage systems, which help to store excess renewable energy generated during peak hours and release it during times of high demand. with china's commitment to reducing its carbon footprint and increasing its use of renewable energy, the demand for pcm in the energy sector is expected to grow significantly. textiles: the textile industry is another prominent end-user of pcm in china. pcm is used in the manufacturing of advanced textiles for temperature-regulating clothing, such as sportswear and outerwear. with the rise of fitness and outdoor activities in china, there is a growing demand for high-performance clothing that can provide comfort and protection in varying temperatures, thus driving the demand for pcm in this sector. in conclusion, the demand for pcm in china is driven by its versatility and its ability to contribute to energy efficiency and sustainability in various industries. as the country continues to focus on technological advancements and environmental protection, the demand for pcm is expected to grow further in the coming years.

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