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Global Advanced Phase Change Materials Market Size, Share & Industry Trends Analysis Report By Application, By Type, By Regional Outlook and Forecast, 2022 - 2028

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    Report

  • 179 Pages
  • May 2022
  • Region: Global
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5615743
The Global Advanced Phase Change Materials Market size is expected to reach $2.8 billion by 2028, rising at a market growth of 10.9% CAGR during the forecast period.



Advanced phase change materials have a high capacity for storing and releasing massive amounts of energy in the form of heat produced during phase transition. When the physical condition of a substance changes at a specific temperature, energy radiation is produced. It is critical to make optimal use of available energy supplies in the case of an energy crisis.

Temperature-controlled packaging is used in a variety of industries such as food and pharmaceuticals, beverages, and biomedicine. The demand for effective cold storage and mass transit is growing as a result of rapid industrialization. Companies and organizations have implemented excellent distribution policy rules to evaluate its products to guarantee, they are not subjected to extreme conditions that could compromise their quality while in transit. Pharmaceuticals and biological items must be kept at a certain temperature while in transportation.

The strict requirements for energy efficient construction and the increasing significance of energy conservation and sustainable to drive demand for advanced phase change materials. Furthermore, demand for innovative phase change materials is expected to rise as the demand for effective insulating in industrial freezing and HVAC systems grows.

Thermal energy storage is obtained using advanced phase change materials (PCMs), which allow for the storage purposes of low- or high-temperature energy for subsequent usage. Advanced phase change material facilitate the capacity to balance demands among energy requirements and usage by providing a variety of thermal management solutions. When these materials move from one phase to another, they store and release thermal energy. For example, when materials freeze, a considerable quantity of energy as latent heat fusion or crystallization process energy. As solids melt into liquids, energy absorbed from the environment.

COVID-19 Impact Analysis


COVID-19 has had a significant influence on the world economy, wreaking havoc on international trade and affecting households, businesses, financial institutions, industrial facilities, and infrastructure corporations all at the same time. As a result of the pandemic, various countries throughout the world went into lockdown to prevent the virus from spreading further. Short-term consumption for advanced phase change materials in the primary network is expected to be limited due to international trade restrictions and chemical industry lockdown laws.

Market Growth Factors


Application of Phase Change Material as A Dynamic Thermal Insulation


Advanced phase change material absorbs and releases heat at a practically constant temperature, unlike traditional storage materials. They store 5-14 times more energy per unit volume than masonry or rock. A large number of advanced PCMs are known to melt at any requisite heat of fusion. Phase change materials are materials that can change their state over a temperature range. These substances absorb energy during in the heat treatment as phase change takes place otherwise, during a reverse cooling operation, this energy can be transmitted to the atmosphere in the phase transition range.

Efficient Substitute for Cooling Systems


Advanced phase change materials can be employed as a thermal battery to provide continuous cooling. The advanced phase change material must be linked with the current refrigeration system for these applications to ensure that advanced PCMs are completely recharged by the refrigeration system and are ready immediately in the event of a power loss. Building air-conditioning systems and mission-critical applications both require advanced PCMs. Since they are charged during the off hours when electricity is supplied, they are substantially less expensive than diesel generators. Another disadvantage of diesel generator as it takes time to start the system, which can be disastrous in mission-critical situations.

Market Restraining Factors


Interoperability Working with The Advanced Phase Change Materials


Since advanced phase change materials are oil-based, materials must be assessed for compatibility with packing materials. The materials utilized to encapsulate the advanced PCM along with other packaging used in thermal transportation solutions must be evaluated that as insulation and corrugate. The penetration and dissolution of the advanced phase change materials with the packing materials are the most significant elements to consider. If the advanced phase change materials and the material used to encapsulate it are incompatible, it might quickly infiltrate the packaging material after it has been created.

Application Outlook


Based on the Application, the Advanced phase change material market is segmented into Building and Construction, Shipping and Transportation, Energy Storage, HVAC, Electronics, Textiles, and Others. The energy storage segment recorded a significant revenue share in the Advanced phase change material market in 2021. Advanced phase change material is a type of thermal energy storage that can store and release enormous amounts of energy. For retaining and releasing energy, the system relies on the advanced phase material's change. Evaporation, solidification, and melting all require energy. When a material transforms from solid to liquid or vice versa, heat is absorbed or released. As a result, advanced PCMs may easily and reliably change their phase in response to a specific energy input and then release that energy at a later time.

Type Outlook


On the basis of type, the advanced phase change materials market is categorized into Organic PCM, Inorganic PCM, and Bio-based PCM. The organic PCM segment acquired the highest revenue share in the Advanced phase change material market in 2021. Organic PCMs have a variety of properties that make them suitable for storing latent heat in building components. They are chemically more stable than inorganic compounds, melt uniformly, and supercoiling is not a serious issue. They've also been discovered to be consistent with and suited for absorption into a variety of building materials.

Regional Outlook


On the basis of Region, the Advanced phase change material market is analyzed across North America, Europe, APAC, and LAMEA. The Asia pacific region recorded the highest revenue share in the Advanced phase change material market in 2021. The primary element supporting market expansion throughout with the growth of the textile and manufacturing sectors, driven by a significant increase in personal income levels along with improved monetary conditions. Advanced phase change material is now being used in packaging, shipping, and transportation in countries such as China and India.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include PLUSS Advanced Technologies, BASF SE, Entropy Solutions, Outlast Technologies GmbH, DuPont de Nemours, Inc., Sonoco Products Company, Phase Change Solutions, Cryopak, Microtek Laboratories, Inc., and ADVANSA Marketing GmbH.
  • Sep-2020: BASF signed an uptake supply agreement with New Energy, a technology company exclusively in the pyrolysis of waste tires. Under this agreement, New Energy is expected to provide BASF with up to 4,000 metric tons of pyrolysis oil per year extracted from junk tires. Additionally, the first quantity of the pyrolysis oil has already been consumed perfectly in BASF’s combined chemical manufacturing site in Ludwigshafen, Germany.
  • Apr-2020: ADVANSA Germany introduced ADVA MegaBond, the next generation in binding for the nonwoven market. The ADVA MegaBond is a new product family of binder fiber, ideally convenient for both dry-laid nonwovens and wetlaid.
  • Jan-2018: Outlast Technologies introduced improved Outlast Xelerate, boosting and supporting PCM performance. The improved PCMs are integrated with a heat distributor technology, circulating and absorbing heat rapidly, so that the PCM procedure can operate even more actively.

Scope of the Study


Market Segments Covered in the Report:


By Application

  • Building & Construction
  • Energy Storage
  • Shipping & Transportation
  • HVAC
  • Electronics
  • Textiles
  • Others

By Type

  • Organic PCM
  • Inorganic PCM
  • Bio-based PCM

By Geography

  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA

Key Market Players


List of Companies Profiled in the Report:

  • PLUSS Advanced Technologies
  • BASF SE
  • Entropy Solutions
  • Outlast Technologies GmbH
  • DuPont de Nemours, Inc.
  • Sonoco Products Company
  • Phase Change Solutions
  • Cryopak
  • Microtek Laboratories, Inc.
  • ADVANSA Marketing GmbH

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Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Advanced Phase Change Materials Market, by Application
1.4.2 Global Advanced Phase Change Materials Market, by Type
1.4.3 Global Advanced Phase Change Materials Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Advanced Phase Change Materials Market by Application
3.1 Global Building & Construction Market by Region
3.2 Global Energy Storage Market by Region
3.3 Global Shipping & Transportation Market by Region
3.4 Global HVAC Market by Region
3.5 Global Electronics Market by Region
3.6 Global Textiles Market by Region
3.7 Global Others Market by Region
Chapter 4. Global Advanced Phase Change Materials Market by Type
4.1 Global Organic PCM Market by Region
4.2 Global Inorganic PCM Market by Region
4.3 Global Bio-based PCM Market by Region
Chapter 5. Global Advanced Phase Change Materials Market by Region
5.1 North America Advanced Phase Change Materials Market
5.1.1 North America Advanced Phase Change Materials Market by Application
5.1.1.1 North America Building & Construction Market by Country
5.1.1.2 North America Energy Storage Market by Country
5.1.1.3 North America Shipping & Transportation Market by Country
5.1.1.4 North America HVAC Market by Country
5.1.1.5 North America Electronics Market by Country
5.1.1.6 North America Textiles Market by Country
5.1.1.7 North America Others Market by Country
5.1.2 North America Advanced Phase Change Materials Market by Type
5.1.2.1 North America Organic PCM Market by Country
5.1.2.2 North America Inorganic PCM Market by Country
5.1.2.3 North America Bio-based PCM Market by Country
5.1.3 North America Advanced Phase Change Materials Market by Country
5.1.3.1 US Advanced Phase Change Materials Market
5.1.3.1.1 US Advanced Phase Change Materials Market by Application
5.1.3.1.2 US Advanced Phase Change Materials Market by Type
5.1.3.2 Canada Advanced Phase Change Materials Market
5.1.3.2.1 Canada Advanced Phase Change Materials Market by Application
5.1.3.2.2 Canada Advanced Phase Change Materials Market by Type
5.1.3.3 Mexico Advanced Phase Change Materials Market
5.1.3.3.1 Mexico Advanced Phase Change Materials Market by Application
5.1.3.3.2 Mexico Advanced Phase Change Materials Market by Type
5.1.3.4 Rest of North America Advanced Phase Change Materials Market
5.1.3.4.1 Rest of North America Advanced Phase Change Materials Market by Application
5.1.3.4.2 Rest of North America Advanced Phase Change Materials Market by Type
5.2 Europe Advanced Phase Change Materials Market
5.2.1 Europe Advanced Phase Change Materials Market by Application
5.2.1.1 Europe Building & Construction Market by Country
5.2.1.2 Europe Energy Storage Market by Country
5.2.1.3 Europe Shipping & Transportation Market by Country
5.2.1.4 Europe HVAC Market by Country
5.2.1.5 Europe Electronics Market by Country
5.2.1.6 Europe Textiles Market by Country
5.2.1.7 Europe Others Market by Country
5.2.2 Europe Advanced Phase Change Materials Market by Type
5.2.2.1 Europe Organic PCM Market by Country
5.2.2.2 Europe Inorganic PCM Market by Country
5.2.2.3 Europe Bio-based PCM Market by Country
5.2.3 Europe Advanced Phase Change Materials Market by Country
5.2.3.1 Germany Advanced Phase Change Materials Market
5.2.3.1.1 Germany Advanced Phase Change Materials Market by Application
5.2.3.1.2 Germany Advanced Phase Change Materials Market by Type
5.2.3.2 UK Advanced Phase Change Materials Market
5.2.3.2.1 UK Advanced Phase Change Materials Market by Application
5.2.3.2.2 UK Advanced Phase Change Materials Market by Type
5.2.3.3 France Advanced Phase Change Materials Market
5.2.3.3.1 France Advanced Phase Change Materials Market by Application
5.2.3.3.2 France Advanced Phase Change Materials Market by Type
5.2.3.4 Russia Advanced Phase Change Materials Market
5.2.3.4.1 Russia Advanced Phase Change Materials Market by Application
5.2.3.4.2 Russia Advanced Phase Change Materials Market by Type
5.2.3.5 Spain Advanced Phase Change Materials Market
5.2.3.5.1 Spain Advanced Phase Change Materials Market by Application
5.2.3.5.2 Spain Advanced Phase Change Materials Market by Type
5.2.3.6 Italy Advanced Phase Change Materials Market
5.2.3.6.1 Italy Advanced Phase Change Materials Market by Application
5.2.3.6.2 Italy Advanced Phase Change Materials Market by Type
5.2.3.7 Rest of Europe Advanced Phase Change Materials Market
5.2.3.7.1 Rest of Europe Advanced Phase Change Materials Market by Application
5.2.3.7.2 Rest of Europe Advanced Phase Change Materials Market by Type
5.3 Asia Pacific Advanced Phase Change Materials Market
5.3.1 Asia Pacific Advanced Phase Change Materials Market by Application
5.3.1.1 Asia Pacific Building & Construction Market by Country
5.3.1.2 Asia Pacific Energy Storage Market by Country
5.3.1.3 Asia Pacific Shipping & Transportation Market by Country
5.3.1.4 Asia Pacific HVAC Market by Country
5.3.1.5 Asia Pacific Electronics Market by Country
5.3.1.6 Asia Pacific Textiles Market by Country
5.3.1.7 Asia Pacific Others Market by Country
5.3.2 Asia Pacific Advanced Phase Change Materials Market by Type
5.3.2.1 Asia Pacific Organic PCM Market by Country
5.3.2.2 Asia Pacific Inorganic PCM Market by Country
5.3.2.3 Asia Pacific Bio-based PCM Market by Country
5.3.3 Asia Pacific Advanced Phase Change Materials Market by Country
5.3.3.1 China Advanced Phase Change Materials Market
5.3.3.1.1 China Advanced Phase Change Materials Market by Application
5.3.3.1.2 China Advanced Phase Change Materials Market by Type
5.3.3.2 Japan Advanced Phase Change Materials Market
5.3.3.2.1 Japan Advanced Phase Change Materials Market by Application
5.3.3.2.2 Japan Advanced Phase Change Materials Market by Type
5.3.3.3 India Advanced Phase Change Materials Market
5.3.3.3.1 India Advanced Phase Change Materials Market by Application
5.3.3.3.2 India Advanced Phase Change Materials Market by Type
5.3.3.4 South Korea Advanced Phase Change Materials Market
5.3.3.4.1 South Korea Advanced Phase Change Materials Market by Application
5.3.3.4.2 South Korea Advanced Phase Change Materials Market by Type
5.3.3.5 Singapore Advanced Phase Change Materials Market
5.3.3.5.1 Singapore Advanced Phase Change Materials Market by Application
5.3.3.5.2 Singapore Advanced Phase Change Materials Market by Type
5.3.3.6 Malaysia Advanced Phase Change Materials Market
5.3.3.6.1 Malaysia Advanced Phase Change Materials Market by Application
5.3.3.6.2 Malaysia Advanced Phase Change Materials Market by Type
5.3.3.7 Rest of Asia Pacific Advanced Phase Change Materials Market
5.3.3.7.1 Rest of Asia Pacific Advanced Phase Change Materials Market by Application
5.3.3.7.2 Rest of Asia Pacific Advanced Phase Change Materials Market by Type
5.4 LAMEA Advanced Phase Change Materials Market
5.4.1 LAMEA Advanced Phase Change Materials Market by Application
5.4.1.1 LAMEA Building & Construction Market by Country
5.4.1.2 LAMEA Energy Storage Market by Country
5.4.1.3 LAMEA Shipping & Transportation Market by Country
5.4.1.4 LAMEA HVAC Market by Country
5.4.1.5 LAMEA Electronics Market by Country
5.4.1.6 LAMEA Textiles Market by Country
5.4.1.7 LAMEA Others Market by Country
5.4.2 LAMEA Advanced Phase Change Materials Market by Type
5.4.2.1 LAMEA Organic PCM Market by Country
5.4.2.2 LAMEA Inorganic PCM Market by Country
5.4.2.3 LAMEA Bio-based PCM Market by Country
5.4.3 LAMEA Advanced Phase Change Materials Market by Country
5.4.3.1 Brazil Advanced Phase Change Materials Market
5.4.3.1.1 Brazil Advanced Phase Change Materials Market by Application
5.4.3.1.2 Brazil Advanced Phase Change Materials Market by Type
5.4.3.2 Argentina Advanced Phase Change Materials Market
5.4.3.2.1 Argentina Advanced Phase Change Materials Market by Application
5.4.3.2.2 Argentina Advanced Phase Change Materials Market by Type
5.4.3.3 UAE Advanced Phase Change Materials Market
5.4.3.3.1 UAE Advanced Phase Change Materials Market by Application
5.4.3.3.2 UAE Advanced Phase Change Materials Market by Type
5.4.3.4 Saudi Arabia Advanced Phase Change Materials Market
5.4.3.4.1 Saudi Arabia Advanced Phase Change Materials Market by Application
5.4.3.4.2 Saudi Arabia Advanced Phase Change Materials Market by Type
5.4.3.5 South Africa Advanced Phase Change Materials Market
5.4.3.5.1 South Africa Advanced Phase Change Materials Market by Application
5.4.3.5.2 South Africa Advanced Phase Change Materials Market by Type
5.4.3.6 Nigeria Advanced Phase Change Materials Market
5.4.3.6.1 Nigeria Advanced Phase Change Materials Market by Application
5.4.3.6.2 Nigeria Advanced Phase Change Materials Market by Type
5.4.3.7 Rest of LAMEA Advanced Phase Change Materials Market
5.4.3.7.1 Rest of LAMEA Advanced Phase Change Materials Market by Application
5.4.3.7.2 Rest of LAMEA Advanced Phase Change Materials Market by Type
Chapter 6. Company Profiles
6.1 PLUSS Advanced Technologies
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expenses
6.2 BASF SE
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expense
6.2.5 Recent strategies and developments:
6.2.5.1 Partnerships, Collaborations, and Agreements:
6.3 Entropy Solutions
6.3.1 Company Overview
6.4 Outlast Technologies GmbH
6.4.1 Company Overview
6.4.2 Recent strategies and developments:
6.4.2.1 Product Launches and Product Expansions:
6.5 DuPont de Nemours, Inc.
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Research & Development Expense
6.6 Sonoco Products Company
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expense
6.7 Phase Change Solutions
6.7.1 Company Overview
6.8 Cryopak (Integreon Global)
6.8.1 Company Overview
6.9 Microtek Laboratories, Inc.
6.9.1 Company Overview
6.10. ADVANSA Marketing GmbH
6.10.1 Company Overview
6.10.2 Recent strategies and developments:
6.10.2.1 Product Launches and Product Expansions:

Companies Mentioned

  • PLUSS Advanced Technologies
  • BASF SE
  • Entropy Solutions
  • Outlast Technologies GmbH
  • DuPont de Nemours, Inc.
  • Sonoco Products Company
  • Phase Change Solutions
  • Cryopak
  • Microtek Laboratories, Inc.
  • ADVANSA Marketing GmbH

Methodology

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Table Information