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The Global Market for Phase Change Materials 2024-2034

  • Report

  • 150 Pages
  • September 2023
  • Region: Global
  • Future Markets, Inc
  • ID: 5354128

Phase Change Materials (PCMs) are thermal compounds that absorb and release thermal energy during phase transitions between solid and liquid. This allows effective thermal storage and temperature regulation. A wide range of PCMs have been developed including organic (paraffins and fatty acids), inorganics (salt hydrates and metallic) and eutectic mixtures of organic and/or inorganic materials. PCM products are used to improve whole-building energy efficiency in retail, commercial, hospitality, and industrial applications; enable safe transport of sensitive food and pharmaceutical products; and provide enhanced thermal storage capabilities for industrial and commercial processes, among other applications.? 

The Global Market for Phase Change Materials 2024-2034 provides a comprehensive analysis of the global phase change materials (PCMs) market. The report covers PCM types including paraffins, fatty acids, salt hydrates, eutectics, and metallics. Applications in buildings, cold chain, electronics cooling, textiles, aerospace, automotive, and energy storage are assessed.

The report provides PCM global market revenues, regional market breakdowns, growth drivers, trends, technology overview, SWOT analysis, pricing, patents, and profiles 60 leading PCM manufacturers.

Multiple tables summarize key properties, advantages/disadvantages, applications, and market metrics for major PCM technology segments. Future outlook assesses opportunities in encapsulation, bio-PCMs, heating/cooling integration, electronics substrates, medical textiles, building integration and cold storage.

The report helps decision makers in the PCM value chain including materials suppliers, heating/cooling OEMs, electronics brands, logistics providers, architects, and specialty chemical companies understand the fast-growing multi-billion dollar PCM market and identify new application and partnership opportunities.

Report contents include:

  • Overview of phase change materials, their properties, classification, and applications.
  • PCM market size, growth drivers, competitive landscape, developments, opportunities.
  • Working principle, types of PCMs, encapsulation methods, comparative analysis.
  • Thermal energy storage concepts.
  • Recent patents related to PCM technologies.
  • Cost ranges for different PCM types.
  • Total PCM global market size and forecasts. Breakdown by market segments and regions.
  • PCM adoption in buildings, electronics cooling, cold storage, textiles, aerospace, automotive etc.
  • Profiles of 60 companies manufacturing various types of PCMs. Companies profiled include Axiotherm GmbH, Climator Sweden AB, HeatVentors, i-TES, Kaneka, Lightstandard Technology, PureTemp LLC, Rubitherm Technologies, and Swave Photonics NV. 

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Table of Contents

1.1 What are Phase change materials (PCMs)?
1.1.1 Key properties
1.1.2 Classification
1.2 Markets
1.3 Market drivers
1.4 Properties of Phase Change Materials (PCMs)
1.5 Factors restraining adoption
1.6 Recent market developments
1.7 Competitive landscape
1.8 Growth Opportunities
1.9 Future market outlook

2.1 Overview and working principle
2.2 Types
2.2.1 Organic phase change materials Paraffin wax Properties Advantages and disadvantages Applications of paraffin PCMs Commercial paraffin PCM products Non-Paraffins (fatty acids, esters, alcohols) Fatty Acids Esters Alcohols Glycols Advantages and disadvantages Bio-based phase change materials Fatty Acids Plant Oils Agricultural Byproducts Advantages and disadvantages Commercial development
2.2.2 Inorganic phase change materials Salt hydrates Properties Applications of Salt Hyhydrate PCMs Advantages and disadvantages Commercial Salt Hydrate PCM Products Metal and metal alloy PCMs (High-temperature) Properties Applications Advantages and disadvantages Recent developments
2.2.3 Eutectic PCMs Eutectic Mixtures Examples of Eutectic Inorganic PCMs Benefits Applications Advantages and disadvantages of eutectics Recent developments
2.2.4 Encapsulation of PCMs Benefits Macroencapsulation Micro/nanoencapsulation Shape Stabilized PCMs Commercial Encapsulation Technologies Self-Assembly Encapsulation
2.2.5 Nanomaterial phase change materials
2.3 Thermal energy storage (TES)
2.3.1 Sensible heat storage
2.3.2 Latent heat storage
2.4 Comparative analysis

5 GLOBAL REVENUES, 2019-2034
5.1 Total market and growth
5.2 By market
5.3 By region

6.1.1 Integration in Buildings
6.1.2 Improved energy efficiency
6.1.3 Concrete Benefits Commercial PCM Concrete Products
6.1.4 Wallboards Benefits Commercial PCM Wallboards
6.1.5 Trombe Walls Benefits Products
6.1.6 HVAC
6.1.7 Heat Pumps
6.1.8 Solar Heating
6.2.1 Thermal management and cooling Benefits Applications Heat Sinks Benefits Applications Commercial PCM Heat Sinks PCM Substrates Benefits Applications Products PCM Encapsulants Benefits Applications Products
6.3.1 Benefits
6.3.2 PCM Integration
6.3.3 Applications Temperature-controlled shipping Commercial refrigeration Commercial PCM Cold Chain Products
6.4.1 Water heaters
6.4.2 Thermal batteries for water heaters and EVs
6.5.1 Methods to Incorporate PCMs into Textiles
6.5.2 Temperature controlled fabrics Applications Commercial PCM Fabrics
6.5.3 Cooling vests Applications
6.5.4 PCM Medical Textiles Applications Commercial PCM Medical Textiles
6.6.1 Coatings
6.6.2 Propulsion

List of Tables
Table 1. Markets and applications for Phase Change Materials
Table 2. Market drivers for phase change materials
Table 3. Properties of PCMs
Table 4. Recent market developments in phase change materials
Table 5. PCM Types and properties
Table 6. Advantages and disadvantages of parafiin wax PCMs
Table 7. Advantages and disadvantages of non-paraffins
Table 8. Advantages and disadvantages of Bio-based phase change materials
Table 9. Advantages and disadvantages of salt hydrates
Table 10. Advantages and disadvantages of low melting point metals
Table 11. Advantages and disadvantages of eutectics
Table 12. Comparative analysis of PCMs-Properties, advantages/disadvantages, applications
Table 13. Recent PCM patents
Table 14. Pricing of phase change materials
Table 15. Global Phase Change Materials Market Revenues, 2018-2034 (Millions USD)
Table 16. Global revenues for phase change materials, 2019-2034, by market, (millions USD)
Table 17. Global revenues for phase change materials, 2019-2032, by region, (millions USD)
Table 18. Market assessment for PCMs in building and construction-market age, applications, key benefits and motivation for use, market drivers and trends, market challenges
Table 19. Market assessment for PCMs in electronics-market age, applications, key benefits and motivation for use, market drivers and trends, market challenges
Table 20. PCMs used in cold chain applications
Table 21. Market assessment for phase change materials in packaging and cold chain logistics-market age, applications, key benefits and motivation for use, market drivers and trends, market challenges
Table 22. Market assessment for PCMs in refrigeration systems -market age, applications, key benefits and motivation for use, market drivers and trends, market challenges
Table 23. Market assessment for PCMs in thermal storage systems-market age, applications, key benefits and motivation for use, market drivers and trends, market challenges
Table 24. Commercially available PCM cooling vest products
Table 25. Market assessment for PCMs textiles and apparel-market age, applications, key benefits and motivation for use, market drivers and trends, market challenges
Table 26. Market assessment for PCMs in automotive-market age, applications, key benefits and motivation for use, market drivers and trends, market challenges
Table 27. Type of PCM produced, by company
Table 28. Target markets for PCMS, by company
Table 29. CrodaTherm Range

List of Figures
Figure 1. PCM mode of operation
Figure 2. Applications of PCM by temperature range
Figure 3. Classification of PCMs
Figure 4. Phase-change materials in their original states
Figure 5. Thermal energy storage materials
Figure 6. Phase Change Material transient behaviour
Figure 7. Phase change materials patents 2001-2021
Figure 8. Global Phase Change Materials Market Revenues, 2018-2034(Millions USD)
Figure 9. Global revenues for phase change materials, 2019-2032, by market, (millions USD)
Figure 10. Global revenues for phase change materials, 2019-2032, by region, (millions USD)
Figure 11. Global energy consumption growth of buildings
Figure 12. Energy consumption of residential building sector
Figure 13. Schematic of PCM use in buildings
Figure 14. Comparison of the maximum energy storage capacity of 10 mm thickness of different building materials operating between 18 °C and 26 °C for 24 h
Figure 15. Schematic of PCM in storage tank linked to solar collector
Figure 16. UniQ line of thermal batteries
Figure 17. PCMs-containing microcapsules incorporated into textiles
Figure 18. PCM cooling vest
Figure 19. Schematic representation of the PCM de-icing
Figure 20. Ultraguard -70°C Phase Change Material (PCM) being loaded into a Stirling Ultracold ULT25NEU portable freezer
Figure 21. Solid State Reflective Display (SRD®) schematic
Figure 22. Transtherm® PCMs
Figure 23. HI-FLOW Phase Change Materials
Figure 24. Credo™ ProMed transport bags

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Advanced Cooling Technologies, Inc.
  • AI Technology Inc.
  • Andores New Energy Co., Ltd.
  • Axiotherm GmbH
  • Azelio
  • BioLife Solutions, Inc.
  • Bodle Technologies Ltd.
  • Boyd Corporation
  • CCT Energy Storage
  • Climator Sweden AB
  • Cowa Thermal Solutions AG
  • Croda Europe Ltd.
  • Cryopak
  • Datum Phase Change Ltd
  • Devan Chemicals NV
  • Encapsys LLC (Milliken & Company)
  • Enesoon New Energy Co. Ltd
  • Ewald Dörken AG
  • Global-E-Systems Europe
  • Hangzhou Ruhr New Material Technology Co., Ltd.
  • HeatVentors
  • Henkel AG & Co. KGAA
  • Insolcorp LLC
  • Inuteq
  • i-TES
  • Kaneka
  • KULR Technology Group, Inc.
  • Lightstandard Technology
  • Microtek Laboratories, Inc.
  • Parker Hannifin Corporation
  • PCM Technology
  • Phase Change Material Products Ltd.
  • Pelican BioThermal LLC
  • Phase Change Products Pty Ltd (PCP)
  • Phase Change Energy Solutions Inc.
  • PLUSS Advanced Technologies Pvt. Ltd.
  • Promethean Power Systems, Inc
  • PureTemp LLC
  • Rovilus, Inc.
  • Rubitherm Technologies GmbH
  • Salca BV
  • Sasol Germany GmbH
  • Seatrec
  • Schoeller Textiles AG
  • Shanghai Tempered Entropy New Energy Co.
  • Shenzhen Aochuan Technology Co., Ltd.
  • Sonoco Thermosafe
  • Shin-Etsu Chemical Co. Ltd.
  • Stasis Energy Group LLC
  • Sundanzer
  • Sunamp Ltd.
  • Suntherm ApS
  • Swave Photonics NV
  • Tan90
  • Techniche International
  • va-Q-tec AG
  • Viking Cold Solutions, Inc.