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Advanced Phase Change Materials Market by Type, Application - Global Opportunity Analysis and Industry Forecast, 2020-2030

  • ID: 5206363
  • Report
  • May 2020
  • Region: Global
  • 244 pages
  • Next Move Strategy Consulting

FEATURED COMPANIES

  • Advansa BV
  • AI Technology Inc.
  • Climator Sweden AB
  • Croda International Plc.
  • Entropy Solutions LLC
  • Henkel AG & Company, KGaA
  • MORE
Market Definition:

The Global Advanced Phase Change Materials Market was valued at USD 1.41 billion in 2019, and is projected at USD 6.48 billion by 2030, expanding at a CAGR of 14.8% during the forecast period from 2020 to 2030. Volumetric sale of advanced phase change materials was 275.76 kilotons in 2019 is expected to reach 1,321.09 kilotons by 2030, expanding at a CAGR of 15.2% from 2020 to 2030.

Phase change materials offer thermal management solutions. They either release or absorb the energy during phase transition. In other words, they change the state from solid to liquid and vice-versa, thereby offering the desired heating or cooling. Advanced phase change materials (PCMs) can store and provide large volumes of thermal energy after changing state from one to another. Advanced phase change materials are extensively used in the construction industry for building interiors, green constructions, lightweight architectures, and cooling infrastructures.

Market Dynamics and Trends

Growing usage of advanced PCM in the construction industry is fuelling the PCM market growth. Increasing use of advanced PCMs for temperature control, reducing operating cost, temperature security, long operating life and energy saving are boosting the growth of global advanced phase change materials market. However, high cost of advanced PCMs, its susceptibility to corrosion, high flammability, and lack of awareness regarding its usage, are expected to limit the growth of advanced phase change materials market during the forecast period. Conversely, increasing awareness regarding energy-saving and environment-friendly technologies, stringent regulations for minimizing greenhouse gas emissions, and surge in R&D activities to increase the efficiency of advanced phase change materials, are expected to create lucrative opportunities in the market during the forecast period.

Market Segmentations and Scope of the Study:

The advanced phase change materials market is segmented based on type, application, and geography. In terms of type, the advanced phase change materials market is segmented into organic, inorganic, and bio-based. On the basis of application, the market is segregated into building & construction, energy storage, HVAC, shipping & transportation, electronics, textiles, and others. Based on geography, the market is fragmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW).

Geographical Analysis

The advanced phase change materials market in Europe is expected to grow at a considerable pace during the forecast period. Strict building energy codes to reduce emission of harmful gases, increasing demand for green buildings, and high demand for low-carbon & net-zero energy buildings are factors fuelling market growth in Europe. The market in Asia-Pacific is anticipated to grow with at a high pace during the forecast period owing to the growth in the construction industry, rapid industrialization, and strong emphasis on energy security.

Competitive Landscape

Key players in the advanced phase change materials market include Croda International Plc., Entropy Solutions LLC, Microtek Laboratories Inc., Honeywell Electronic Materials, Inc., Laird Plc, Sasol Ltd., Pluss Technologies Pvt. Ltd., Microtek Laboratories Inc., Phase Change Materials Products Ltd., Outlast Technologies LLC, Phase Change Energy Solutions Inc., Rubitherm Technologies GmbH, Henkel AG & Company, KGaA, Advansa BV, AI Technology Inc., Climator Sweden AB, and Cold Chain Technologies, Inc.

In February 2020, Honeywell Electronic Materials, Inc. launched its Solstice E-cooling technology for cooling the data centres and other high-performance electronic applications. The technology uses a two-phase liquid cooling process to remove heat from data centre and electronic applications, thereby increasing its efficiency while lowering their operational costs and carbon footprints.

KEY MARKET SEGMENTS:

Global Advanced Phase Change Materials Market - By Type
  • Organic
  • Inorganic
  • Bio-based
Global Advanced Phase Change Materials Market - By Application
  • Building & Construction
  • Energy Storage
  • HVAC
  • Shipping & Transportation
  • Electronics
  • Textiles
  • Others
Global Advanced Phase Change Materials Market - By Geography
  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
  • RoW
  • UAE
  • Saudi Arabia
  • South Africa
  • Brazil
  • Remaining Countries
KEY PLAYERS:
  • Croda International Plc.
  • Entropy Solutions LLC
  • Microtek Laboratories Inc.
  • Honeywell Electronic Materials, Inc.
  • Laird Plc,
  • Sasol Ltd.
  • Pluss Technologies Pvt. Ltd.
  • Phase Change Materials Products Ltd.
  • Outlast Technologies LLC
  • Phase Change Energy Solutions Inc.
  • Rubitherm Technologies GmbH
  • Henkel AG & Company, KGaA
  • Advansa BV
  • AI Technology Inc.
  • Climator Sweden AB
  • Cold Chain Technologies, Inc.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Advansa BV
  • AI Technology Inc.
  • Climator Sweden AB
  • Croda International Plc.
  • Entropy Solutions LLC
  • Henkel AG & Company, KGaA
  • MORE
1. Introduction
1.1. Report Description
1.2. Research Methodology
1.2.1 Secondary Research
1.2.2 Data Analysis Framework
1.2.3 Market Size Estimation
1.2.4 Forecasting
1.2.5 Primary Research and Data Validation

2. Market Snapshot, 2019-2030 Million Usd
2.1. Market Snapshot

3. Porter's Five Force Model Analysis

4. Market Dynamics
4.1. Growth Drivers
4.1.1 Driver 1
4.1.2 Driver 2
4.1.3 Driver 3
4.1.4 Driver 4
4.2. Challenges
4.2.1 Challenge 1
4.2.2 Challenge 2
4.3. Opportunities
4.3.1 Opportunity 1
4.3.2 Opportunity 2

5. Global Advanced Phase Change Materials Market, by Type
5.1. Overview
5.2. Organic
5.2.1 Organic Market, by Region
5.2.1.1 North America Organic Market, by Country
5.2.1.2 Europe Organic Market, by Country
5.2.1.3 Asia-Pacific Organic Market, by Country
5.2.1.4 Rest of World Organic Market, by Country
5.3. Inorganic
5.3.1 Inorganic Market, by Region
5.3.1.1 North America Inorganic Market, by Country
5.3.1.2 Europe Inorganic Market, by Country
5.3.1.3 Asia-Pacific Inorganic Market, by Country
5.3.1.4 Rest of World Inorganic Market, by Country
5.4. Bio-Based
5.4.1 Bio-Based Market, by Region
5.4.1.1 North America Bio-Based Market, by Country
5.4.1.2 Europe Bio-Based Market, by Country
5.4.1.3 Asia-Pacific Bio-Based Market, by Country
5.4.1.4 Rest of World Bio-Based Market, by Country

6. Global Advanced Phase Change Materials Market, by Application
6.1. Overview
6.2. Building & Construction
6.2.1 Building & Construction Market, by Region
6.2.1.1 North America Building & Construction Market, by Country
6.2.1.2 Europe Building & Construction Market, by Country
6.2.1.3 Asia-Pacific Building & Construction Market, by Country
6.2.1.4 Rest of World Building & Construction Market, by Country
6.3. Energy Storage
6.3.1 Energy Storage Market, by Region
6.3.1.1 North America Energy Storage Market, by Country
6.3.1.2 Europe Energy Storage Market, by Country
6.3.1.3 Asia-Pacific Energy Storage Market, by Country
6.3.1.4 Rest of World Energy Storage Market, by Country
6.4. Hvac
6.4.1 Hvac Market, by Region
6.4.1.1 North America Hvac Market, by Country
6.4.1.2 Europe Hvac Market, by Country
6.4.1.3 Asia-Pacific Hvac Market, by Country
6.4.1.4 Rest of World Hvac Market, by Country
6.5. Shipping & Transportation
6.5.1 Shipping & Transportation Market, by Region
6.5.1.1 North America Shipping & Transportation Market, by Country
6.5.1.2 Europe Shipping & Transportation Market, by Country
6.5.1.3 Asia-Pacific Shipping & Transportation Market, by Country
6.5.1.4 Rest of World Shipping & Transportation Market, by Country
6.6. Electronics
6.6.1 Electronics Market, by Region
6.6.1.1 North America Electronics Market, by Country
6.6.1.2 Europe Electronics Market, by Country
6.6.1.3 Asia-Pacific Electronics Market, by Country
6.6.1.4 Rest of World Electronics Market, by Country
6.7. Textiles
6.7.1 Textiles Market, by Region
6.7.1.1 North America Textiles Market, by Country
6.7.1.2 Europe Textiles Market, by Country
6.7.1.3 Asia-Pacific Textiles Market, by Country
6.7.1.4 Rest of World Textiles Market, by Country
6.8. Others
6.8.1 Others Market, by Region
6.8.1.1 North America Others Market, by Country
6.8.1.2 Europe Others Market, by Country
6.8.1.3 Asia-Pacific Others Market, by Country
6.8.1.4 Rest of World Others Market, by Country

7. Global Advanced Phase Change Materials Market, by Region
7.1. Overview
7.2. North America
7.2.1 North America Advanced Phase Change Materials Market, by Type
7.2.2 North America Advanced Phase Change Materials Market, by Application
7.2.3 North America Advanced Phase Change Materials, Market by Country
7.2.3.1 U.S
7.2.3.1.1 U.S Advanced Phase Change Materials Market, by Type
7.2.3.1.2 U.S Advanced Phase Change Materials Market, by Application
7.2.3.2 Canada
7.2.3.2.1 Canada Advanced Phase Change Materials Market, by Type
7.2.3.2.2 Canada Advanced Phase Change Materials Market, by Application
7.2.3.3 Mexico
7.2.3.3.1 Mexico Advanced Phase Change Materials Market, by Type
7.2.3.3.2 Mexico Advanced Phase Change Materials Market, by Application
7.3. Europe
7.3.1 Europe Advanced Phase Change Materials Market, by Type
7.3.2 Europe Advanced Phase Change Materials Market, by Application
7.3.3 Europe Advanced Phase Change Materials, Market by Country
7.3.3.1 UK
7.3.3.1.1 UK Advanced Phase Change Materials Market, by Type
7.3.3.1.2 UK Advanced Phase Change Materials Market, by Application
7.3.3.2 Germany
7.3.3.2.1 Germany Advanced Phase Change Materials Market, by Type
7.3.3.2.2 Germany Advanced Phase Change Materials Market, by Application
7.3.3.3 France
7.3.3.3.1 France Advanced Phase Change Materials Market, by Type
7.3.3.3.2 France Advanced Phase Change Materials Market, by Application
7.3.3.4 Italy
7.3.3.4.1 Italy Advanced Phase Change Materials Market, by Type
7.3.3.4.2 Italy Advanced Phase Change Materials Market, by Application
7.3.3.5 Spain
7.3.3.5.1 Spain Advanced Phase Change Materials Market, by Type
7.3.3.5.2 Spain Advanced Phase Change Materials Market, by Application
7.3.3.6 Rest of Europe
7.3.3.6.1 Rest of Europe Advanced Phase Change Materials Market, by Type
7.3.3.6.2 Rest of Europe Advanced Phase Change Materials Market, by Application
7.4. Asia-Pacific
7.4.1 Asia-Pacific Advanced Phase Change Materials Market, by Type
7.4.2 Asia-Pacific Advanced Phase Change Materials Market, by Application
7.4.3 Asia-Pacific Advanced Phase Change Materials, Market by Country
7.4.3.1 China
7.4.3.1.1 China Advanced Phase Change Materials Market, by Type
7.4.3.1.2 China Advanced Phase Change Materials Market, by Application
7.4.3.2 Japan
7.4.3.2.1 Japan Advanced Phase Change Materials Market, by Type
7.4.3.2.2 Japan Advanced Phase Change Materials Market, by Application
7.4.3.3 India
7.4.3.3.1 India Advanced Phase Change Materials Market, by Type
7.4.3.3.2 India Advanced Phase Change Materials Market, by Application
7.4.3.4 Korea
7.4.3.4.1 Korea Advanced Phase Change Materials Market, by Type
7.4.3.4.2 Korea Advanced Phase Change Materials Market, by Application
7.4.3.5 Rest of Asia-Pacific
7.4.3.5.1 Rest of Asia-Pacific Advanced Phase Change Materials Market, by Type
7.4.3.5.2 Rest of Asia-Pacific Advanced Phase Change Materials Market, by Application
7.5. Rest of World
7.5.1 Rest of World Advanced Phase Change Materials Market, by Type
7.5.2 Rest of World Advanced Phase Change Materials Market, by Application
7.5.3 Rest of World Advanced Phase Change Materials, Market by Country
7.5.3.1 Latin America
7.5.3.1.1 Latin America Advanced Phase Change Materials Market, by Type
7.5.3.1.2 Latin America Advanced Phase Change Materials Market, by Application
7.5.3.2 Middle East
7.5.3.2.1 Middle East Advanced Phase Change Materials Market, by Type
7.5.3.2.2 Middle East Advanced Phase Change Materials Market, by Application
7.5.3.3 Africa
7.5.3.3.1 Africa Advanced Phase Change Materials Market, by Type
7.5.3.3.2 Africa Advanced Phase Change Materials Market, by Application

8. Company Profiles
8.1. Basf Se
8.1.1 Company Overview
8.1.2 Company Snapshot
8.1.3 Operating Business Segments
8.1.4 Product Portfolio
8.1.5 Business Performance
8.1.6 Key Strategic Moves and Development
8.2. Entropy Solutions
8.2.1 Company Overview
8.2.2 Company Snapshot
8.2.3 Operating Business Segments
8.2.4 Product Portfolio
8.2.5 Business Performance
8.2.6 Key Strategic Moves and Development
8.3. Sonoco Products Company
8.3.1 Company Overview
8.3.2 Company Snapshot
8.3.3 Operating Business Segments
8.3.4 Product Portfolio
8.3.5 Business Performance
8.3.6 Key Strategic Moves and Development
8.4. Outlast Technologies LLC
8.4.1 Company Overview
8.4.2 Company Snapshot
8.4.3 Operating Business Segments
8.4.4 Product Portfolio
8.4.5 Business Performance
8.4.6 Key Strategic Moves and Development
8.5. E. I. Du Pont De Nemours and Company
8.5.1 Company Overview
8.5.2 Company Snapshot
8.5.3 Operating Business Segments
8.5.4 Product Portfolio
8.5.5 Business Performance
8.5.6 Key Strategic Moves and Development
8.6. Phase Change Energy Solutions
8.6.1 Company Overview
8.6.2 Company Snapshot
8.6.3 Operating Business Segments
8.6.4 Product Portfolio
8.6.5 Business Performance
8.6.6 Key Strategic Moves and Development
8.7. Cryopak Inc.
8.7.1 Company Overview
8.7.2 Company Snapshot
8.7.3 Operating Business Segments
8.7.4 Product Portfolio
8.7.5 Business Performance
8.7.6 Key Strategic Moves and Development
8.8. Microtek Laboratories, Inc.
8.8.1 Company Overview
8.8.2 Company Snapshot
8.8.3 Operating Business Segments
8.8.4 Product Portfolio
8.8.5 Business Performance
8.8.6 Key Strategic Moves and Development
8.9. Advansa B.V.
8.9.1 Company Overview
8.9.2 Company Snapshot
8.9.3 Operating Business Segments
8.9.4 Product Portfolio
8.9.5 Business Performance
8.9.6 Key Strategic Moves and Development
8.10. Pluss Advanced Technologies Pvt. Ltd.
8.10.1 Company Overview
8.10.2 Company Snapshot
8.10.3 Operating Business Segments
8.10.4 Product Portfolio
8.10.5 Business Performance
8.10.6 Key Strategic Moves and Development
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Advansa BV
  • AI Technology Inc.
  • Climator Sweden AB
  • Croda International Plc.
  • Entropy Solutions LLC
  • Henkel AG & Company, KGaA
  • MORE
Advanced Phase Change Materials Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2020-2030- Growing demand for energy conservation along with technological advancements are the key drivers for Global Advanced Phase Change Materials Market

The advanced phase change materials market is majorly driven by the growing usage of advanced PCM in the construction industry. Increasing use of advanced PCMs for temperature control, temperature security, securing long operating life and saving energy costs are boosting the growth of global advanced phase change materials market. However, requirement for high investments restrains the market.

The advanced phase change materials market is divided based on type, application, and geography. In terms of type, the advanced phase change materials market is segmented into organic, inorganic, and bio-based. On the basis of application, the market is segregated into building & construction, energy storage, HVAC, shipping & transportation, electronics, textiles, and others. Based on geography, the market is fragmented into North America, Europe, Asia-Pacific, and Rest of the World (RoW). These regions are further segmented into major countries and sub-regions, including the US, the UK, and France.
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Croda International Plc.
  • Entropy Solutions LLC
  • Microtek Laboratories Inc.
  • Honeywell Electronic Materials, Inc.
  • Laird Plc,
  • Sasol Ltd.
  • Pluss Technologies Pvt. Ltd.
  • Phase Change Materials Products Ltd.
  • Outlast Technologies LLC
  • Phase Change Energy Solutions Inc.
  • Rubitherm Technologies GmbH
  • Henkel AG & Company, KGaA
  • Advansa BV
  • AI Technology Inc.
  • Climator Sweden AB
  • Cold Chain Technologies, Inc.
Note: Product cover images may vary from those shown
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