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Advanced Phase Change Materials Market by Type (Organic, Inorganic, Bio-based), Application (Building & Construction, Energy Storage, Cold Chain & Packaging, HVAC, Shipping & Transportation, Electronics, Textiles,) - Global Opportunity Analysis and Industry Forecast, 2022 - 2030

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    Report

  • 244 Pages
  • May 2022
  • Region: Global
  • Next Move Strategy Consulting
  • ID: 5591265
The Global Advanced Phase Change Materials Market size was valued at USD 1.63 billion in 2021 and is predicted to garner USD 4.93 billion by 2030, witnessing a CAGR of 13.0% from 2022-to 2030. Phase Change Materials offer a range of thermal management solutions, by facilitating temporary storage of energy, either by releasing or absorbing a sufficient amount of energy during phase transition, i.e., changing their states from solid to liquid and vice-versa; hence providing desired heat or cooling. The advanced phase change materials (Advanced PCMs) can store as well as provide a massive volume of thermal energy after transitioning from one state to the other. The global advanced phase change materials market observed a volumetric sale of 319721.5 tons in 2021 that is expected to rise up to 1006514.2 tons by 2030, with a growing CAGR of 13.5% from 2022-to 2030.


Market Dynamics and Trends

Building and construction segment currently contributes the highest market share, owing to the extensive application of advanced PCMs in green constructions, building interiors, cooling buildings, and lightweight architectures. Besides, increasing use of advanced PCMs for temperature control & comfort, reduction in operating cost, temperature security, long operating life, and energy-saving features are likely to boost the growth of the global advanced phase change materials market in the future. However, factors such as the high costs of advanced PCMs, their susceptibility to corrosion, flammability issues, and lack of awareness regarding its usage, are expected to limit the growth of the advanced phase change materials market during the forecast period. Moreover, market dynamics such as increasing awareness toward energy-saving and environment-friendly technologies, stringent regulations for minimizing greenhouse gas emissions, as well surge in R&D activities to increase the efficiency of advanced phase change materials, are expected to create lucrative opportunities in the global advanced phase change materials market in future.


Market Segmentation and Scope of the Study:

The advanced phase change materials market share is analyzed based on type, application, and geography. Based on type, the advanced phase change materials market is segmented into organic, inorganic, and bio-based. Based on application, the advanced phase change materials market covers building & construction, thermal energy storage, cold chain & packaging, HVAC, shipping & transportation, electronics, textiles, and others. Geographic breakdown and analysis of each of the previously mentioned segments include region comprising North America, Europe, Asia-Pacific, and RoW.


Geographical Analysis

Europe is the fastest-growing region in the advanced phase change materials market. The strict building energy codes to reduce and minimize emission of harmful gases, increasing demand for green buildings, and demand for low-carbon & net-zero energy buildings are factors to lead the growth of European region. Asia-Pacific region is anticipated to grow with the highest growth rate during the forecast period owing to the growing construction industry, rapid industrialization, and strong emphasis on energy security.


Competitive Landscape

The advanced phase change materials market share includes a comprehensive competitive analysis and profiles of the major market players. Companies such as 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., and others are provided in the advanced phase change materials market report.


The past endeavors and futuristic advancements, sum up to comprehend the overall market growth.

For instance, in February 2020, a well-known player in the Advanced Phase Change materials market, Honeywell Electronic Materials, Inc. launched its Solstice E-cooling technology for cooling the data centers and other high-performance electronic applications. The technology uses a two-phase liquid cooling process to remove heat from data centers and electronic applications, hence increasing their efficiency while lowering their operational costs and carbon footprints. Honeywell's Solstice E-Cooling is a revolutionary line of next-generation low-global-warming potential refrigerant technologies, to overwhelm the need for efficient and effective cooling mechanisms with minimum impact on the environment.

Key Market Segment:

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, Spain, Italy, Rest of Europe, Asia-Pacific,China, India, Japan, Korea, Rest of Asia-Pacific, RoW, Latin America, Middle East, Africa



Table of Contents

1.  Introduction
1.1.  Report Description
1.2.  Who Should Read this Report
1.3.  Key Market Segments
1.4.  Key Market Players
1.5.  Research Methodology
1.5.1  Secondary Research
1.5.2  Data Analysis Framework
1.5.3  Market Size Estimation
1.5.4  Forecasting
1.5.5  Primary Research and Data Validation
2.  Advanced Phase Material Change Market - Executive Summary
2.1.  Market Snapshot, 2022 - 2030, Million Usd
3.  Market Overview
3.1.  Market Definition and Scope
3.2.  Market Dynamics
3.2.1  Drivers
3.2.1.1.  Increased Use of Advanced Phase Change Materials for Temperature Control
3.2.1.2.  Regulations for Reduction of Greenhouse Gas Emissions
3.2.2  Restraints
3.2.2.1.  Negative Impact of COVID-19 Pandemic
3.2.2.2.  Corrosive Nature and Technical Issues
3.2.3  Opportunities
3.2.3.1.  Increasing Demand of Advanced PCMs from Pharmaceutical Industry
4.  Global Advanced Phase Change Materials (PCM) Market, by Type
4.1.  Overview
4.2.  Organic
4.2.1  Organic Market, by Region
4.2.1.1  North America Organic Market, by Country
4.2.1.2  Europe Organic Market, by Country
4.2.1.3  Asia-Pacific Organic Market, by Country
4.2.1.4  Rest of World Organic Market, by Country
4.3.  Inorganic
4.3.1  Inorganic Market, by Region
4.3.1.1  North America Inorganic Market, by Country
4.3.1.2  Europe Inorganic Market, by Country
4.3.1.3  Asia-Pacific Inorganic Market, by Country
4.3.1.4  Rest of World Inorganic Market, by Country
4.4.  Bio-Based
4.4.1  Bio-Based Market, by Region
4.4.1.1  North America Bio-Based Market, by Country
4.4.1.2  Europe Bio-Based Market, by Country
4.4.1.3  Asia-Pacific Bio-Based Market, by Country
4.4.1.4  Rest of World Bio-Based Market, by Country
5.  Global Advanced Phase Change Materials (PCM) Market, by Application
5.1.  Overview
5.2.  Building & Construction
5.2.1  Building & Construction Market, by Region
5.2.1.1  North America Building & Construction Market, by Country
5.2.1.2  Europe Building & Construction Market, by Country
5.2.1.3  Asia-Pacific Building & Construction Market, by Country
5.2.1.4  Rest of World Building & Construction Market, by Country
5.3.  Energy Storage
5.3.1  Energy Storage Market, by Region
5.3.1.1  North America Energy Storage Market, by Country
5.3.1.2  Europe Energy Storage Market, by Country
5.3.1.3  Asia-Pacific Energy Storage Market, by Country
5.3.1.4  Rest of World Energy Storage Market, by Country
5.4.  HVAC
5.4.1  HVAC Market, by Region
5.4.1.1  North America HVAC Market, by Country
5.4.1.2  Europe HVAC Market, by Country
5.4.1.3  Asia-Pacific HVAC Market, by Country
5.4.1.4  Rest of World HVAC Market, by Country
5.5.  Shipping & Transportation
5.5.1  Shipping & Transportation Market, by Region
5.5.1.1  North America Shipping & Transportation Market, by Country
5.5.1.2  Europe Shipping & Transportation Market, by Country
5.5.1.3  Asia-Pacific Shipping & Transportation Market, by Country
5.5.1.4  Rest of World Shipping & Transportation Market, by Country
5.6.  Electronics
5.6.1  Electronics Market, by Region
5.6.1.1  North America Electronics Market, by Country
5.6.1.2  Europe Electronics Market, by Country
5.6.1.3  Asia-Pacific Electronics Market, by Country
5.6.1.4  Rest of World Electronics Market, by Country
5.7.  Textiles
5.7.1  Textiles Market, by Region
5.7.1.1  North America Textiles Market, by Country
5.7.1.2  Europe Textiles Market, by Country
5.7.1.3  Asia-Pacific Textiles Market, by Country
5.7.1.4  Rest of World Textiles Market, by Country
5.8.  Others
5.8.1  Others Market, by Region
5.8.1.1  North America Others Market, by Country
5.8.1.2  Europe Others Market, by Country
5.8.1.3  Asia-Pacific Others Market, by Country
5.8.1.4  Rest of World Others Market, by Country
6.  Global Advanced Phase Change Materials (PCM) Market, by Region
6.1.  Overview
6.2.  North America
6.2.1  North America Advanced Phase Change Materials (PCM) Market, by Type
6.2.2  North America Advanced Phase Change Materials (PCM) Market, by Application
6.2.3  North America Advanced Phase Change Materials (PCM) Market, by Country
6.2.3.1  U.S.
6.2.3.1.1  U.S. Advanced Phase Change Materials (PCM) Market, by Type
6.2.3.1.2  U.S. Advanced Phase Change Materials (PCM) Market, by Application
6.2.3.2  Canada
6.2.3.2.1  Canada Advanced Phase Change Materials (PCM) Market, by Type
6.2.3.2.2  Canada Advanced Phase Change Materials (PCM) Market, by Application
6.2.3.3  Mexico
6.2.3.3.1  Mexico Advanced Phase Change Materials (PCM) Market, by Type
6.2.3.3.2  Mexico Advanced Phase Change Materials (PCM) Market, by Application
6.3.  Europe
6.3.1  Europe Advanced Phase Change Materials (PCM) Market, by Type
6.3.2  Europe Advanced Phase Change Materials (PCM) Market, by Application
6.3.3  Europe Advanced Phase Change Materials (PCM) Market, by Country
6.3.3.1  Germany
6.3.3.1.1  Germany Advanced Phase Change Materials (PCM) Market, by Type
6.3.3.1.2  Germany Advanced Phase Change Materials (PCM) Market, by Application
6.3.3.2  France
6.3.3.2.1  France Advanced Phase Change Materials (PCM) Market, by Type
6.3.3.2.2  France Advanced Phase Change Materials (PCM) Market, by Application
6.3.3.3  Uk
6.3.3.3.1  Uk Advanced Phase Change Materials (PCM) Market, by Type
6.3.3.3.2  Uk Advanced Phase Change Materials (PCM) Market, by Application
6.3.3.4  Italy
6.3.3.4.1  Italy Advanced Phase Change Materials (PCM) Market, by Type
6.3.3.4.2  Italy Advanced Phase Change Materials (PCM) Market, by Application
6.3.3.5  Spain
6.3.3.5.1  Spain Advanced Phase Change Materials (PCM) Market, by Type
6.3.3.5.2  Spain Advanced Phase Change Materials (PCM) Market, by Application
6.3.3.6  Rest of Europe
6.3.3.6.1  Rest of Europe Advanced Phase Change Materials (PCM) Market, by Type
6.3.3.6.2  Rest of Europe Advanced Phase Change Materials (PCM) Market, by Application
6.4.  Asia-Pacific
6.4.1  Asia-Pacific Advanced Phase Change Materials (PCM) Market, by Type
6.4.2  Asia-Pacific Advanced Phase Change Materials (PCM) Market, by Application
6.4.3  Asia-Pacific Advanced Phase Change Materials (PCM) Market, by Country
6.4.3.1  China
6.4.3.1.1  China Advanced Phase Change Materials (PCM) Market, by Type
6.4.3.1.2  China Advanced Phase Change Materials (PCM) Market, by Application
6.4.3.2  India
6.4.3.2.1  India Advanced Phase Change Materials (PCM) Market, by Type
6.4.3.2.2  India Advanced Phase Change Materials (PCM) Market, by Application
6.4.3.3  Japan
6.4.3.3.1  Japan Advanced Phase Change Materials (PCM) Market, by Type
6.4.3.3.2  Japan Advanced Phase Change Materials (PCM) Market, by Application
6.4.3.4  Korea
6.4.3.4.1  Korea Advanced Phase Change Materials (PCM) Market, by Type
6.4.3.4.2  Korea Advanced Phase Change Materials (PCM) Market, by Application
6.4.3.5  Rest of Asia-Pacific
6.4.3.5.1  Rest of Asia-Pacific Advanced Phase Change Materials (PCM) Market, by Type
6.4.3.5.2  Rest of Asia-Pacific Advanced Phase Change Materials (PCM) Market, by Application
6.5.  Rest of World
6.5.1  Rest of World Advanced Phase Change Materials (PCM) Market, by Type
6.5.2  Rest of World Advanced Phase Change Materials (PCM) Market, by Application
6.5.3  Rest of World Advanced Phase Change Materials (PCM) Market, by Country
6.5.3.1  Brazil
6.5.3.1.1  Brazil Advanced Phase Change Materials (PCM) Market, by Type
6.5.3.1.2  Brazil Advanced Phase Change Materials (PCM) Market, by Application
6.5.3.2  Argentina
6.5.3.2.1  Argentina Advanced Phase Change Materials (PCM) Market, by Type
6.5.3.2.2  Argentina Advanced Phase Change Materials (PCM) Market, by Application
6.5.3.3  South Africa
6.5.3.3.1  South Africa Advanced Phase Change Materials (PCM) Market, by Type
6.5.3.3.2  South Africa Advanced Phase Change Materials (PCM) Market, by Application
6.5.3.4  Remaining Countries
6.5.3.4.1  Remaining Countries Advanced Phase Change Materials (PCM) Market, by Type
6.5.3.4.2  Remaining Countries Advanced Phase Change Materials (PCM) Market, by Application
7.  Company Profiles
7.1.  Cryopak
7.1.1  Company Overview
7.1.2  Company Snapshot
7.1.3  Product Portfolio
7.1.4  Key Strategic Moves & Developments
7.1.5  Primary Market Competitors
7.2.  Honeywell International
7.2.1  Company Overview
7.2.2  Company Snapshot
7.2.3  Operating Business Segments
7.2.4  Product Portfolio
7.2.5  Business Performance
7.2.6  Sales by Business Segment
7.2.7  Sales by Geographic Segment
7.2.8  Key Strategic Moves & Developments
7.2.9  Primary Market Competitors
7.3.  Outlast Technologies
7.3.1  Company Overview
7.3.2  Company Snapshot
7.3.3  Product Portfolio
7.3.4  Key Strategic Moves & Developments
7.3.5  Primary Market Competitors
7.4.  Microtek Laboratories
7.4.1  Company Overview
7.4.2  Company Snapshot
7.4.3  Product Portfolio
7.4.4  Key Strategic Moves & Developments
7.4.5  Primary Market Competitors
7.5.  Henkel AG & Co. KGaA
7.5.1  Company Overview
7.5.2  Company Snapshot
7.5.3  Operating Business Segments
7.5.4  Product Portfolio
7.5.5  Business Performance
7.5.6  Sales by Business Segment
7.5.7  Sales by Geographic Segment
7.5.8  Key Strategic Moves & Developments
7.5.9  Primary Market Competitors
7.6.  Sasol Ltd
7.6.1  Company Overview
7.6.2  Company Snapshot
7.6.3  Operating Business Segments
7.6.4  Product Portfolio
7.6.5  Business Performance
7.6.6  Sales by Business Segment
7.6.7  Key Strategic Moves & Developments
7.6.8  Primary Market Competitors
7.7.  Phase Change Energy Solutions
7.7.1  Company Overview
7.7.2  Company Snapshot
7.7.3  Product Portfolio
7.7.4  Key Strategic Moves & Developments
7.7.5  Primary Market Competitors
7.8.  Croda International
7.8.1  Company Overview
7.8.2  Company Snapshot
7.8.3  Operating Business Segments
7.8.4  Product Portfolio
7.8.5  Business Performance
7.8.6  Sales by Business Segment
7.8.7  Sales by Geographic Segment
7.8.8  Key Strategic Moves & Developments
7.8.9  Primary Market Competitors

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Advansa BV
  • AI Technology Inc.
  • Climator Sweden AB
  • Cold Chain Technologies, Inc.
  • Croda International Plc.
  • Cryopak
  • Entropy Solutions LLC
  • Henkel AG & Company KGaA
  • Honeywell Electronic Materials, Inc.
  • Laird Plc, Sasol Ltd.
  • Microtek Laboratories Inc.
  • Outlast Technologies LLC
  • Phase Change Energy Solutions Inc.
  • Phase Change Materials Products Ltd.
  • Pluss Technologies Pvt. Ltd.
  • Rubitherm Technologies GmbH
  • Sasol LTD
  • Sonoco Products Company