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Advanced Phase Change Materials (PCM) - Global Strategic Business Report

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    Report

  • 385 Pages
  • March 2024
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 3397952

Global Advanced Phase Change Materials (PCM) Market to Reach $6.3 Billion by 2030

The global market for Advanced Phase Change Materials (PCM) estimated at US$1.8 Billion in the year 2023, is projected to reach a revised size of US$6.3 Billion by 2030, growing at a CAGR of 17.2% over the analysis period 2023-2030.

Organic PCM, one of the segments analyzed in the report, is projected to record 15.7% CAGR and reach US$2 Billion by the end of the analysis period. Growth in the Inorganic PCM segment is estimated at 18% CAGR for the next 8-year period.

The U.S. Market is Estimated at $610.6 Million, While China is Forecast to Grow at 18.4% CAGR

The Advanced Phase Change Materials (PCM) market in the U.S. is estimated at US$610.6 Million in the year 2023. China, the world's second largest economy, is forecast to reach a projected market size of US$812 Million by the year 2030 trailing a CAGR of 18.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.1% and 16.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 15.6% CAGR.

Exciting New Report Features

  • Full access to influencer engagement stats
  • Free access to digital archives & research platform. The proprietary platform is fully enabled to unlock creativity and market knowledge of domain experts worldwide in a cohesive and collaborative manner. The state-of-art tools bring world class market perspectives while protecting participants` privacy and identity. Numbers, statistics and market narrative in the report are based on fully curated insights shared by domain experts and influencers in this space.
  • Opportunity to engage with interactive questionnaires that come with real-time data simulator tools & bespoke report generation capabilities
  • Full client access to peer collaborative and interactive platform for cross-enterprise smart exchange of ideas
  • Complimentary report updates for one year
  • Competitor coverage with global market shares of major players
  • Player market presence analysis (Strong/Active/Niche/Trivial) across multiple geographies
  • Access to curated YouTube video transcripts of domain experts/influencer interviews, podcasts, press statements and event keynotes

What to Expect from the Global Economy in 2024

Edgy geopolitics, and economic instability caused by monetary policy tightening and ensuing higher interest rates will create a tumultuous landscape for 2024. Several factors will continue to exert pressure on the path to recovery including hostilities in the Middle East and increasingly common climate disasters. Among the risks, several positives are also taking shape such as growing signs of disinflation and easing of anxiety over stubborn inflation, supply chain normalization and price moderation despite volatility in energy costs. Elections across several G21 jurisdictions, notably in India and the United States, will have potential ramifications for capital flows and investment strategies. While India emerges as a compelling destination in the global investment landscape, U.S, based tech firms will continue to dominate, fueled by a dynamic ecosystem of talent and capital. Tech opportunities in Silicon Valley and beyond remain attractive for investors seeking high-growth prospects supported largely by a resilient albeit slowing domestic economy and conducive regulatory environment. Europe will continue to battle tight monetary policy and recession risks with U.K. having the most challenging outlook and running the greatest risk of recession in 2024. China remains a wild card with hope for growth in the country underpinned by government spending and improvements in consumer spending. The volatile environment will offer both opportunities and challenges for investors and businesses alike. Embracing volatility as a catalyst for growth together with agility and strategic foresight in navigating investment decisions will remain important for survival.

Select Competitors (Total 55 Featured)

  • Honeywell International, Inc.
  • Croda International PLC
  • AI Technology, Inc.
  • Boyd Corporation
  • KERAFOL Keramische Folien GmbH & Co. KG
  • Climator Sweden AB
  • Cold Chain Technologies
  • Cryopak
  • Encapsys LLC
  • Iolitec-Ionic Liquids Technologies GmbH
  • Acuro Organics Limited
  • Insolcorp, Inc.
  • CIAT Group
  • Inmark, LLC
  • Axiotherm

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Advanced Phase Change Materials (PCM) - Global Key Competitors Percentage Market Share in 2023 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2023 (E)
  • An Introduction to Advanced Phase Change Materials (PCM)
  • Types of Advanced Phase Change Materials
  • Comparison of Characteristics of Bio-based PCM, Paraffin PCM and Salt Hydrate PCM
  • Key features of Various PCM Types
  • Global Market Prospects & Outlook
  • Inorganic Advanced PCMs Lead Global Market
  • Building & Construction: The Leading Application Market
  • Developed Regions Lead, Developing Economies Promise Growth
  • Competition
  • Recent Market Activity
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Growing Demand for Energy Efficient Technology & Rising Emphasis on Energy Conservation Drive Focus onto APCM
  • Regulations to Reduce Greenhouse Gas Emissions: Opportunity for Advanced PCMs Market
  • Global CO2 Emissions in Billion Metric Tons of CO2 Per Year
  • Domestic Targets for Greenhouse Gas Emissions of Select Regions/ Countries
  • Building & Construction: A Major Application Market for Advanced Phase Change Materials
  • Energy Consumption Worldwide by Sector (in %)
  • Carbon Dioxide (CO2) Emissions Worldwide by Sector (in %)
  • Composition, Melting temperature and Melting Heat of PCMs in Building Applications
  • How Buildings Contribute Towards Climate Change
  • Carbon Footprint Forecasts for Buildings (In Billion Metric Tons) for Years 2020, 2025, 2030, 2035, 20240, 2045 & 2050
  • Emphasis on Energy-Efficient, Green, LEED Buildings Builds Fertile Environment for Advanced PCM Market
  • Growing Relevance of Zero Energy Building Constructions to Propel Demand for Advanced PCMs
  • Building Energy Efficiency Codes & Standards, Efficiency Improvement Targets, Incentives & Supporting Polices Lay the Foundation for Growth
  • Energy Efficiency Codes & Standards for Existing Buildings
  • Government Measures to Support Migration to Net Zero Energy Buildings
  • Transportation Of Temperature-Sensitive Goods Drives Demand for Advanced PCMs in Shipping & Transportation
  • Need for Cold Chain Logistics Propels Outlook for Advanced PCMs
  • Global Cold Chain Market Size (in US$ Billion) for the Years 2020, 2022, 2024 and 2026
  • Vaccines Make Cold Chain Highly Relevant in Pharmaceutical Logistics
  • Demand for Efficient Thermal Insulation Materials in HVAC and Refrigeration Applications Propels Growth
  • Global Heating, Ventilation and Air conditioning (HVAC) Systems Market Size (in US$ Million) by Region/Country for 2019 and 2024
  • Rising Significance of Advanced Phase Change Materials for Thermal Energy Storage Systems
  • Despite Competition from Latent Heat Storage, Sensible Heat Technology Sustains Dominance
  • Various Thermal Storage Technologies: Brief Details of Efficiency, Storage Time, Power and Capacity
  • PCM Systems Poised for High Growth in Thermal Energy Storage Market
  • Need for Improved Energy Management and Resultant Importance of TES Systems to Drive Market Gains
  • Global Energy Demand & Growth (In Million Tonnes of Oil Equivalent (Mtoe)) for the Years 1990, 2000, 2010, 2020, 2030 and 2040
  • Growing Investments in Renewable Energy Fuel Demand for TES Solutions
  • Bio-Based PCMs Emerge for TES Applications
  • Expanding Applications of Advanced Phase Change Materials (PCM) in Textile Industry
  • Robust Growth in Smart Textiles Industry to Drive Demand for Advanced PCM: Global Smart Textiles Market (in US$ Thousand) by Geographic Region for 2020 and 2027
  • Advanced PCMs Find Growing Use of Electronics Equipment & Components
  • Benefits of Advanced PCMs for Electronic Devices
  • PCM Applications in Electronics Industry
  • PCMs Help in Thermal Management of Electronic Devices
  • Technological Developments in Advanced PCM Market to Boost Market Prospects
  • Bio-Based PCM Poised for High Growth
  • Microencapsulated PCM Regulate Temperature in Building & Construction, Textile Applications
  • Expanding Population and Urbanization Trend Boost Market Outlook
  • World Population (in Thousands) by Geographic Region for the Years 2019, 2030, 2050, 2100
  • World Urban Population in Thousands: 1950-2050P
  • Major Challenges Facing Advanced PCMs Market
4. GLOBAL MARKET PERSPECTIVE
  • Table 1: World Recent Past, Current & Future Analysis for Organic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 2: World Historic Review for Organic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2022 and % CAGR
  • Table 3: World 15-Year Perspective for Organic by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2015, 2024 & 2030
  • Table 4: World Recent Past, Current & Future Analysis for Inorganic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 5: World Historic Review for Inorganic by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2022 and % CAGR
  • Table 6: World 15-Year Perspective for Inorganic by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2015, 2024 & 2030
  • Table 7: World Recent Past, Current & Future Analysis for Building & Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 8: World Historic Review for Building & Construction by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2022 and % CAGR
  • Table 9: World 15-Year Perspective for Building & Construction by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2015, 2024 & 2030
  • Table 10: World Recent Past, Current & Future Analysis for HVAC by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 11: World Historic Review for HVAC by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2022 and % CAGR
  • Table 12: World 15-Year Perspective for HVAC by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2015, 2024 & 2030
  • Table 13: World Recent Past, Current & Future Analysis for Cold Chain & Packaging by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 14: World Historic Review for Cold Chain & Packaging by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2022 and % CAGR
  • Table 15: World 15-Year Perspective for Cold Chain & Packaging by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2015, 2024 & 2030
  • Table 16: World Recent Past, Current & Future Analysis for Thermal Energy Storage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 17: World Historic Review for Thermal Energy Storage by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2022 and % CAGR
  • Table 18: World 15-Year Perspective for Thermal Energy Storage by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2015, 2024 & 2030
  • Table 19: World Recent Past, Current & Future Analysis for Textiles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 20: World Historic Review for Textiles by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2022 and % CAGR
  • Table 21: World 15-Year Perspective for Textiles by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2015, 2024 & 2030
  • Table 22: World Recent Past, Current & Future Analysis for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 23: World Historic Review for Other Applications by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2022 and % CAGR
  • Table 24: World 15-Year Perspective for Other Applications by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World for Years 2015, 2024 & 2030
  • Table 25: World Advanced Phase Change Materials (PCM) Market Analysis of Annual Sales in US$ Thousand for Years 2015 through 2030
  • Table 26: World Recent Past, Current & Future Analysis for Advanced Phase Change Materials (PCM) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2023 through 2030 and % CAGR
  • Table 27: World Historic Review for Advanced Phase Change Materials (PCM) by Geographic Region - USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets - Independent Analysis of Annual Sales in US$ Thousand for Years 2015 through 2022 and % CAGR
  • Table 28: World 15-Year Perspective for Advanced Phase Change Materials (PCM) by Geographic Region - Percentage Breakdown of Value Sales for USA, Canada, Japan, China, Europe, Asia-Pacific, Latin America and Rest of World Markets for Years 2015, 2024 & 2030
III. MARKET ANALYSIS
UNITED STATES
  • Advanced Phase Change Materials (PCM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2024 (E)
CANADA
JAPAN
  • Advanced Phase Change Materials (PCM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2024 (E)
CHINA
  • Advanced Phase Change Materials (PCM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2024 (E)
EUROPE
  • Advanced Phase Change Materials (PCM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2024 (E)
FRANCE
  • Advanced Phase Change Materials (PCM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2024 (E)
GERMANY
  • Advanced Phase Change Materials (PCM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2024 (E)
ITALY
UNITED KINGDOM
  • Advanced Phase Change Materials (PCM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2024 (E)
SPAINRUSSIAREST OF EUROPE
ASIA-PACIFIC
  • Advanced Phase Change Materials (PCM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2024 (E)
AUSTRALIA
  • Advanced Phase Change Materials (PCM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2024 (E)
INDIA
  • Advanced Phase Change Materials (PCM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2024 (E)
SOUTH KOREAREST OF ASIA-PACIFIC
LATIN AMERICA
  • Advanced Phase Change Materials (PCM) Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2024 (E)
REST OF WORLDIV. COMPETITION

Companies Mentioned (Partial List)

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

  • Honeywell International, Inc.
  • Croda International PLC
  • AI Technology, Inc.
  • Boyd Corporation
  • KERAFOL Keramische Folien GmbH & Co. KG
  • Climator Sweden AB
  • Cold Chain Technologies
  • Cryopak
  • Encapsys LLC
  • Iolitec-Ionic Liquids Technologies GmbH
  • Acuro Organics Limited
  • Insolcorp, Inc.
  • CIAT Group
  • Inmark, LLC
  • Axiotherm