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

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    Report

  • 226 Pages
  • April 2022
  • Region: Global
  • Allied Market Research
  • ID: 5640534
The global advanced phase change materials market was valued at $1.4 billion in 2020, and is projected to reach $4.5 billion by 2030, growing at a CAGR of 12.61% from 2021 to 2030.

Phase change materials are compounds that absorb, store, and release an oversized amount of heat at a comparatively constant temperature by changing their physical state. When a phase change material freezes, it releases an oversized amount of energy in the form of heat whereas, when such material melts, it absorbs an oversized amount of heat from the environment. Phase change material absorbs and release heat by liquefying and solidifying at set temperatures. The natural heat property of phase change material helps in maintaining a structure’s temperature and prevents sudden external changes. Fluctuations in ambient temperature recharge phase change material, making them suitable for everyday applications.

The major driver for the advanced phase change material market is increase in use of activity materials for temperature control. The appliance of phase change material in buildings ensures temperature regulation in rooms. Variations in environmental temperatures during the day and night lead to the utilization of phase change materials to smart textiles or fabrics, which releases and absorbs energy accordingly. Temperature regulation using activity material reduces the load on the heating and cooling equipment used for maintaining temperature. The benefits of using phase change material such as energy-saving and low greenhouse emission emissions compel governments to encourage and enforce its use, leading to a rise in demand for phase change material. Indirect regulations and policies in exceedingly few countries, such as China and Australia create awareness about activity material as another for reducing energy consumption, greenhouse gases, and overhead.

The major problem faced by the advanced phase change material market is the lack of awareness regarding the advantages of using activity material and its products. Companies are marketing organic materials to extend awareness regarding their products and advantages, which is expected to be derived by using them, hence driving the demand for the market. The government also plays a crucial role in increasing awareness about natural action material through regulations and subsidies. The advanced phase change material market got affected negatively by the COVID-19 pandemic. Owning to the pandemic situation, several countries globally went into lockdown, to curb the spread of the virus, due to which, the availability and demand chain got disrupted, thus affecting the market. Industries, manufacturing units, infrastructural projects, and mining operations were closed down for the past two years, owing to the pandemic situation. The fluctuating price of raw materials leads to decrease in the production of organic phase change materials and therefore, the COVID-19 pandemic hinders the expansion of the advanced phase change materials market.

The advanced phase change materials market is segmented based on product type, application, and region.

On the basis of type, the market is categorized into organic PCM, inorganic PCM, and bio-based PCM. On the basis of application, it is segregated into building & construction, energy storage, HVAC, shipping & transportation, electronics, textiles, and others. By geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific region accounted for largest market share of the total revenue in 2020, followed by North America and Europe. The high adoption of phase change materials products in the region is expected to continue to bolster the advanced phase change materials market size, due to the presence of huge population base and presence of many developing countries in this region.

The key players operating in the global advanced phase change materials market are BASF SE, Entropy Solutions, Sonoco Products Company, Outlast Technologies LLC., Advansa B.V., E. I. Du Pont De Nemours And Company, Phase Change Energy Solutions, Cryopak Inc., Microtek Laboratories, Inc., and Pluss Advanced Technologies Pvt. Ltd. Other players in the value chain (not profiled in the report) include Phase Change Materials Products Ltd., Rubitherm Technologies GmbH, Ciat Group, Datum Phase Change Ltd., Emco Klimatechnik Gmbh & Co. KG, Rgees LLC., Climator Sweden AB, Ewald Dörken AG, and Laird PLC. Key players in the market are competing for the share of the market through product launch, joint venture, partnership, and expanding the production capabilities to meet the future demand for the advanced phase change materials market in the forecast period.

COVID-19 Impact Analysis:


COVID-19 has severely impacted the global economy with devastating effects on global trade, which has simultaneously affected households, business, financial institution, industrial establishments, and infrastructure companies. Restrictions on international trade and lockdown regulations on the operations of the chemicals industry are projected to limit short-term demand for advanced phase change materials in the infrastructure market. Industries, manufacturing units, infrastructural projects, and mining operations were closed for the past two years due to the pandemic situation. The fluctuation in price of raw materials used to make phase change material and the COVID-19 pandemic hinder the growth of the phase change material market. Countries such as China, the U.S., and others are back on their feet, due to the availability of COVID-19 vaccines, and are continuing regular work due to the presence of huge investment in the infrastructure developments such as smart city, airports, and others.

Key Benefits For Stakeholders

  • This report provides a detailed quantitative analysis of the current advanced phase change materials market trends and estimations from 2020 to 2030, which assists to identify the prevailing opportunities.
  • An in-depth analysis of advanced phase change materials market across the globe is anticipated to provide a detailed understanding of the current trends to enable stakeholders formulate specific plans.
  • A comprehensive analysis of the factors that drive and restrain the growth of the market is provided.
  • Region-wise and country-wise market conditions are comprehensively analyzed in this report.
  • The projections in this report are made by analyzing the current trends and future market potential from 2020 to 2030 in terms of value.
  • An extensive analysis of various regions provides insights that are expected to allow companies to strategically plan their business moves.
  • Key market players within the market are profiled in this report and their strategies are analyzed thoroughly, which help to understand the competitive outlook of the global advanced phase change materials market.

Key Market Segments


By Application

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

By Type

  • Organic PCM
  • Inorganic PCM
  • Bio-based PCM

By Region

  • North America
  • U.S.
  • Canada
  • Mexico
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest Of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • South Africa
  • Rest of LAMEA

Key Market Players

  • BASF SE
  • Entropy Solutions
  • Sonoco Products Company
  • Outlast Technologies LLC
  • E. I. Du Pont De Nemours And Company
  • Phase Change Energy Solutions
  • Cryopak Inc.
  • Microtek Laboratories, Inc.
  • Advansa B.V.
  • Pluss Advanced Technologies Pvt. Ltd.
Frequently Asked Questions about the Global Advanced Phase Change Materials Market

What is the estimated value of the Global Advanced Phase Change Materials Market?

The Global Advanced Phase Change Materials Market was estimated to be valued at $1.4 billion in 2020.

What is the growth rate of the Global Advanced Phase Change Materials Market?

The growth rate of the Global Advanced Phase Change Materials Market is 12.4%, with an estimated value of $4.5 billion by 2030.

What is the forecasted size of the Global Advanced Phase Change Materials Market?

The Global Advanced Phase Change Materials Market is estimated to be worth $4.5 billion by 2030.

Who are the key companies in the Global Advanced Phase Change Materials Market?

Key companies in the Global Advanced Phase Change Materials Market include BASF SE, Entropy Solutions, Sonoco Products Company, Outlast Technologies LLC, E. I. Du Pont De Nemours And Company, Phase Change Energy Solutions, Cryopak Inc., Microtek Laboratories, Inc. and Pluss Advanced Technologies Pvt. Ltd..

Table of Contents

CHAPTER 1: INTRODUCTION
1.1. Report description
1.2. Key market segments
1.3. Key benefits to the stakeholders
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. Key findings of the study
2.2. CXO Perspective
CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter’s five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Pricing Analysis
3.8. Value Chain Analysis
3.9. Key Regulation Analysis
3.10. Patent Landscape
CHAPTER 4: ADVANCED PHASE CHANGE MATERIALS MARKET, BY APPLICATION
4.1 Overview
4.1.1 Market size and forecast
4.2 Building and Construction
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Energy Storage
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 HVAC
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Shipping and Transportation
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Electronics
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
4.7 Textiles
4.7.1 Key market trends, growth factors and opportunities
4.7.2 Market size and forecast, by region
4.7.3 Market analysis by country
4.8 Others
4.8.1 Key market trends, growth factors and opportunities
4.8.2 Market size and forecast, by region
4.8.3 Market analysis by country
CHAPTER 5: ADVANCED PHASE CHANGE MATERIALS MARKET, BY TYPE
5.1 Overview
5.1.1 Market size and forecast
5.2 Organic PCM
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Inorganic PCM
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Bio-based PCM
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: ADVANCED PHASE CHANGE MATERIALS MARKET, BY REGION
6.1 Overview
6.1.1 Market size and forecast
6.2 North America
6.2.1 Key trends and opportunities
6.2.2 North America Market size and forecast, by Application
6.2.3 North America Market size and forecast, by Type
6.2.4 North America Market size and forecast, by country
6.2.4.1 U.S.
6.2.4.1.1 Market size and forecast, by Application
6.2.4.1.2 Market size and forecast, by Type
6.2.4.2 Canada
6.2.4.2.1 Market size and forecast, by Application
6.2.4.2.2 Market size and forecast, by Type
6.2.4.3 Mexico
6.2.4.3.1 Market size and forecast, by Application
6.2.4.3.2 Market size and forecast, by Type
6.3 Europe
6.3.1 Key trends and opportunities
6.3.2 Europe Market size and forecast, by Application
6.3.3 Europe Market size and forecast, by Type
6.3.4 Europe Market size and forecast, by country
6.3.4.1 Germany
6.3.4.1.1 Market size and forecast, by Application
6.3.4.1.2 Market size and forecast, by Type
6.3.4.2 France
6.3.4.2.1 Market size and forecast, by Application
6.3.4.2.2 Market size and forecast, by Type
6.3.4.3 U.K.
6.3.4.3.1 Market size and forecast, by Application
6.3.4.3.2 Market size and forecast, by Type
6.3.4.4 Italy
6.3.4.4.1 Market size and forecast, by Application
6.3.4.4.2 Market size and forecast, by Type
6.3.4.5 Spain
6.3.4.5.1 Market size and forecast, by Application
6.3.4.5.2 Market size and forecast, by Type
6.3.4.6 Rest of Europe
6.3.4.6.1 Market size and forecast, by Application
6.3.4.6.2 Market size and forecast, by Type
6.4 Asia-Pacific
6.4.1 Key trends and opportunities
6.4.2 Asia-Pacific Market size and forecast, by Application
6.4.3 Asia-Pacific Market size and forecast, by Type
6.4.4 Asia-Pacific Market size and forecast, by country
6.4.4.1 China
6.4.4.1.1 Market size and forecast, by Application
6.4.4.1.2 Market size and forecast, by Type
6.4.4.2 Japan
6.4.4.2.1 Market size and forecast, by Application
6.4.4.2.2 Market size and forecast, by Type
6.4.4.3 India
6.4.4.3.1 Market size and forecast, by Application
6.4.4.3.2 Market size and forecast, by Type
6.4.4.4 South Korea
6.4.4.4.1 Market size and forecast, by Application
6.4.4.4.2 Market size and forecast, by Type
6.4.4.5 Rest Of Asia Pacific
6.4.4.5.1 Market size and forecast, by Application
6.4.4.5.2 Market size and forecast, by Type
6.5 LAMEA
6.5.1 Key trends and opportunities
6.5.2 LAMEA Market size and forecast, by Application
6.5.3 LAMEA Market size and forecast, by Type
6.5.4 LAMEA Market size and forecast, by country
6.5.4.1 Brazil
6.5.4.1.1 Market size and forecast, by Application
6.5.4.1.2 Market size and forecast, by Type
6.5.4.2 Argentina
6.5.4.2.1 Market size and forecast, by Application
6.5.4.2.2 Market size and forecast, by Type
6.5.4.3 South Africa
6.5.4.3.1 Market size and forecast, by Application
6.5.4.3.2 Market size and forecast, by Type
6.5.4.4 Rest of LAMEA
6.5.4.4.1 Market size and forecast, by Application
6.5.4.4.2 Market size and forecast, by Type
CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments
CHAPTER 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 developments
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 developments
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 developments
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 developments
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 developments
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 developments
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 developments
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 developments
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 developments
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 developments
LIST OF TABLES
Table 1. Global Advanced Phase Change Materials Market, by Application, 2020-2030, ($Million)
Table 2. Advanced Phase Change Materials Market Revenue, for Building and Construction, by Region, 2020-2030, ($Million)
Table 3. Advanced Phase Change Materials Market Building and Construction by Country, 2020-2030, ($Million)
Table 4. Advanced Phase Change Materials Market Revenue, for Energy Storage, by Region, 2020-2030, ($Million)
Table 5. Advanced Phase Change Materials Market Energy Storage by Country, 2020-2030, ($Million)
Table 6. Advanced Phase Change Materials Market Revenue, for HVAC, by Region, 2020-2030, ($Million)
Table 7. Advanced Phase Change Materials Market HVAC by Country, 2020-2030, ($Million)
Table 8. Advanced Phase Change Materials Market Revenue, for Shipping and Transportation, by Region, 2020-2030, ($Million)
Table 9. Advanced Phase Change Materials Market Shipping and Transportation by Country, 2020-2030, ($Million)
Table 10. Advanced Phase Change Materials Market Revenue, for Electronics, by Region, 2020-2030, ($Million)
Table 11. Advanced Phase Change Materials Market Electronics by Country, 2020-2030, ($Million)
Table 12. Advanced Phase Change Materials Market Revenue, for Textiles, by Region, 2020-2030, ($Million)
Table 13. Advanced Phase Change Materials Market Textiles by Country, 2020-2030, ($Million)
Table 14. Advanced Phase Change Materials Market Revenue, for Others, by Region, 2020-2030, ($Million)
Table 15. Advanced Phase Change Materials Market Others by Country, 2020-2030, ($Million)
Table 16. Global Advanced Phase Change Materials Market, by Type, 2020-2030, ($Million)
Table 17. Advanced Phase Change Materials Market Revenue, for Organic Pcm, by Region, 2020-2030, ($Million)
Table 18. Advanced Phase Change Materials Market Organic Pcm by Country, 2020-2030, ($Million)
Table 19. Advanced Phase Change Materials Market Revenue, for Inorganic Pcm, by Region, 2020-2030, ($Million)
Table 20. Advanced Phase Change Materials Market Inorganic Pcm by Country, 2020-2030, ($Million)
Table 21. Advanced Phase Change Materials Market Revenue, for Bio-Based Pcm, by Region, 2020-2030, ($Million)
Table 22. Advanced Phase Change Materials Market Bio-Based Pcm by Country, 2020-2030, ($Million)
Table 23. Advanced Phase Change Materials Market, by Region, 2020-2030, ($Million)
Table 24. North America Advanced Phase Change Materials Market, by Application, 2020-2030, ($Million)
Table 25. North America Advanced Phase Change Materials Market, by Type, 2020-2030, ($Million)
Table 26. North America Advanced Phase Change Materials Market, by Country, 2020-2030, ($Million)
Table 27. U.S. Advanced Phase Change Materials Market by Application 2020-2030, ($Million)
Table 28. U.S. Advanced Phase Change Materials Market by Type 2020-2030, ($Million)
Table 29. Canada Advanced Phase Change Materials Market by Application 2020-2030, ($Million)
Table 30. Canada Advanced Phase Change Materials Market by Type 2020-2030, ($Million)
Table 31. Mexico Advanced Phase Change Materials Market by Application 2020-2030, ($Million)
Table 32. Mexico Advanced Phase Change Materials Market by Type 2020-2030, ($Million)
Table 33. Europe Advanced Phase Change Materials Market, by Application, 2020-2030, ($Million)
Table 34. Europe Advanced Phase Change Materials Market, by Type, 2020-2030, ($Million)
Table 35. Europe Advanced Phase Change Materials Market, by Country, 2020-2030, ($Million)
Table 36. Germany Advanced Phase Change Materials Market by Application 2020-2030, ($Million)
Table 37. Germany Advanced Phase Change Materials Market by Type 2020-2030, ($Million)
Table 38. France Advanced Phase Change Materials Market by Application 2020-2030, ($Million)
Table 39. France Advanced Phase Change Materials Market by Type 2020-2030, ($Million)
Table 40. U.K. Advanced Phase Change Materials Market by Application 2020-2030, ($Million)
Table 41. U.K. Advanced Phase Change Materials Market by Type 2020-2030, ($Million)
Table 42. Italy Advanced Phase Change Materials Market by Application 2020-2030, ($Million)
Table 43. Italy Advanced Phase Change Materials Market by Type 2020-2030, ($Million)
Table 44. Spain Advanced Phase Change Materials Market by Application 2020-2030, ($Million)
Table 45. Spain Advanced Phase Change Materials Market by Type 2020-2030, ($Million)
Table 46. Rest of Europe Advanced Phase Change Materials Market by Application 2020-2030, ($Million)
Table 47. Rest of Europe Advanced Phase Change Materials Market by Type 2020-2030, ($Million)
Table 48. Asia-Pacific Advanced Phase Change Materials Market, by Application, 2020-2030, ($Million)
Table 49. Asia-Pacific Advanced Phase Change Materials Market, by Type, 2020-2030, ($Million)
Table 50. Asia-Pacific Advanced Phase Change Materials Market, by Country, 2020-2030, ($Million)
Table 51. China Advanced Phase Change Materials Market by Application 2020-2030, ($Million)
Table 52. China Advanced Phase Change Materials Market by Type 2020-2030, ($Million)
Table 53. Japan Advanced Phase Change Materials Market by Application 2020-2030, ($Million)
Table 54. Japan Advanced Phase Change Materials Market by Type 2020-2030, ($Million)
Table 55. India Advanced Phase Change Materials Market by Application 2020-2030, ($Million)
Table 56. India Advanced Phase Change Materials Market by Type 2020-2030, ($Million)
Table 57. South Korea Advanced Phase Change Materials Market by Application 2020-2030, ($Million)
Table 58. South Korea Advanced Phase Change Materials Market by Type 2020-2030, ($Million)
Table 59. Rest of Asia-Pacific Advanced Phase Change Materials Market by Application 2020-2030, ($Million)
Table 60. Rest of Asia-Pacific Advanced Phase Change Materials Market by Type 2020-2030, ($Million)
Table 61. LAMEA Advanced Phase Change Materials Market, by Application, 2020-2030, ($Million)
Table 62. LAMEA Advanced Phase Change Materials Market, by Type, 2020-2030, ($Million)
Table 63. LAMEA Advanced Phase Change Materials Market, by Country, 2020-2030, ($Million)
Table 64. Brazil Advanced Phase Change Materials Market by Application 2020-2030, ($Million)
Table 65. Brazil Advanced Phase Change Materials Market by Type 2020-2030, ($Million)
Table 66. Argentina Advanced Phase Change Materials Market by Application 2020-2030, ($Million)
Table 67. Argentina Advanced Phase Change Materials Market by Type 2020-2030, ($Million)
Table 68. South Africa Advanced Phase Change Materials Market by Application 2020-2030, ($Million)
Table 69. South Africa Advanced Phase Change Materials Market by Type 2020-2030, ($Million)
Table 70. Rest of LAMEA Advanced Phase Change Materials Market by Application 2020-2030, ($Million)
Table 71. Rest of LAMEA Advanced Phase Change Materials Market by Type 2020-2030, ($Million)
Table 72. Basf Se: Company Snapshot
Table 73. Basf Se: Operating Segments
Table 74. Basf Se: Product Portfolio
Table 75. Basf Se: Net Sales
Table 76. Basf Se: Key Stratergies
Table 77. Entropy Solutions: Company Snapshot
Table 78. Entropy Solutions: Operating Segments
Table 79. Entropy Solutions: Product Portfolio
Table 80. Entropy Solutions: Net Sales
Table 81. Entropy Solutions: Key Stratergies
Table 82. Sonoco Products Company: Company Snapshot
Table 83. Sonoco Products Company: Operating Segments
Table 84. Sonoco Products Company: Product Portfolio
Table 85. Sonoco Products Company: Net Sales
Table 86. Sonoco Products Company: Key Stratergies
Table 87. Outlast Technologies LLC: Company Snapshot
Table 88. Outlast Technologies LLC: Operating Segments
Table 89. Outlast Technologies LLC: Product Portfolio
Table 90. Outlast Technologies LLC: Net Sales
Table 91. Outlast Technologies LLC: Key Stratergies
Table 92. E. I. Du Pont De Nemours and Company: Company Snapshot
Table 93. E. I. Du Pont De Nemours and Company: Operating Segments
Table 94. E. I. Du Pont De Nemours and Company: Product Portfolio
Table 95. E. I. Du Pont De Nemours and Company: Net Sales
Table 96. E. I. Du Pont De Nemours and Company: Key Stratergies
Table 97. Phase Change Energy Solutions: Company Snapshot
Table 98. Phase Change Energy Solutions: Operating Segments
Table 99. Phase Change Energy Solutions: Product Portfolio
Table 100. Phase Change Energy Solutions: Net Sales
Table 101. Phase Change Energy Solutions: Key Stratergies
Table 102. Cryopak Inc.: Company Snapshot
Table 103. Cryopak Inc.: Operating Segments
Table 104. Cryopak Inc.: Product Portfolio
Table 105. Cryopak Inc.: Net Sales
Table 106. Cryopak Inc.: Key Stratergies
Table 107. Microtek Laboratories, Inc.: Company Snapshot
Table 108. Microtek Laboratories, Inc.: Operating Segments
Table 109. Microtek Laboratories, Inc.: Product Portfolio
Table 110. Microtek Laboratories, Inc.: Net Sales
Table 111. Microtek Laboratories, Inc.: Key Stratergies
Table 112. Advansa B.V.: Company Snapshot
Table 113. Advansa B.V.: Operating Segments
Table 114. Advansa B.V.: Product Portfolio
Table 115. Advansa B.V.: Net Sales
Table 116. Advansa B.V.: Key Stratergies
Table 117. Pluss Advanced Technologies Pvt. Ltd.: Company Snapshot
Table 118. Pluss Advanced Technologies Pvt. Ltd.: Operating Segments
Table 119. Pluss Advanced Technologies Pvt. Ltd.: Product Portfolio
Table 120. Pluss Advanced Technologies Pvt. Ltd.: Net Sales
Table 121. Pluss Advanced Technologies Pvt. Ltd.: Key Stratergies
LIST OF FIGURES
Figure 1. Advanced Phase Change Materials Market Segmentation
Figure 2. Advanced Phase Change Materials Market, 2020-2030
Figure 3. Advanced Phase Change Materials Market, 2020-2030
Figure 4. Top Investment Pockets, by Region
Figure 5. Porter Five-1
Figure 6. Porter Five-2
Figure 7. Porter Five-3
Figure 8. Porter Five-4
Figure 9. Porter Five-5
Figure 10. Top Player Positioning
Figure 11. Advanced Phase Change Materials Market:Drivers, Restraints and Opportunities
Figure 12. Pricing Analysis
Figure 13. Value Chain Analysis
Figure 14. Key Regulation Analysis
Figure 15. Patent Analysis by Company
Figure 16. Patent Analysis by Country
Figure 17. Advanced Phase Change Materials Market, by Application, 2020 (%)
Figure 18. Comparative Share Analysis of Building and Construction Advanced Phase Change Materials Market, 2020-2030 (%)
Figure 19. Comparative Share Analysis of Energy Storage Advanced Phase Change Materials Market, 2020-2030 (%)
Figure 20. Comparative Share Analysis of HVAC Advanced Phase Change Materials Market, 2020-2030 (%)
Figure 21. Comparative Share Analysis of Shipping and Transportation Advanced Phase Change Materials Market, 2020-2030 (%)
Figure 22. Comparative Share Analysis of Electronics Advanced Phase Change Materials Market, 2020-2030 (%)
Figure 23. Comparative Share Analysis of Textiles Advanced Phase Change Materials Market, 2020-2030 (%)
Figure 24. Comparative Share Analysis of Others Advanced Phase Change Materials Market, 2020-2030 (%)
Figure 25. Advanced Phase Change Materials Market, by Type, 2020 (%)
Figure 26. Comparative Share Analysis of Organic Pcm Advanced Phase Change Materials Market, 2020-2030 (%)
Figure 27. Comparative Share Analysis of Inorganic Pcm Advanced Phase Change Materials Market, 2020-2030 (%)
Figure 28. Comparative Share Analysis of Bio-based Pcm Advanced Phase Change Materials Market, 2020-2030 (%)
Figure 29. Advanced Phase Change Materials Market by Region, 2020
Figure 30. U.S. Advanced Phase Change Materials Market, 2020-2030 ($Million)
Figure 31. Canada Advanced Phase Change Materials Market, 2020-2030 ($Million)
Figure 32. Mexico Advanced Phase Change Materials Market, 2020-2030 ($Million)
Figure 33. Germany Advanced Phase Change Materials Market, 2020-2030 ($Million)
Figure 34. France Advanced Phase Change Materials Market, 2020-2030 ($Million)
Figure 35. U.K. Advanced Phase Change Materials Market, 2020-2030 ($Million)
Figure 36. Italy Advanced Phase Change Materials Market, 2020-2030 ($Million)
Figure 37. Spain Advanced Phase Change Materials Market, 2020-2030 ($Million)
Figure 38. Rest of Europe Advanced Phase Change Materials Market, 2020-2030 ($Million)
Figure 39. China Advanced Phase Change Materials Market, 2020-2030 ($Million)
Figure 40. Japan Advanced Phase Change Materials Market, 2020-2030 ($Million)
Figure 41. India Advanced Phase Change Materials Market, 2020-2030 ($Million)
Figure 42. South Korea Advanced Phase Change Materials Market, 2020-2030 ($Million)
Figure 43. Rest of Asia-Pacific Advanced Phase Change Materials Market, 2020-2030 ($Million)
Figure 44. Brazil Advanced Phase Change Materials Market, 2020-2030 ($Million)
Figure 45. Argentina Advanced Phase Change Materials Market, 2020-2030 ($Million)
Figure 46. South Africa Advanced Phase Change Materials Market, 2020-2030 ($Million)
Figure 47. Rest of LAMEA Advanced Phase Change Materials Market, 2020-2030 ($Million)
Figure 48. Top Winning Strategies, by Year
Figure 49. Top Winning Strategies, by Development
Figure 50. Top Winning Strategies, by Company
Figure 51. Product Mapping of Top 10 Players
Figure 52. Competitive Dashboard
Figure 53. Competitive Heatmap of Top 10 Key Players
Figure 54. BASF SE.: Net Sales, ($Million)
Figure 55. Entropy Solutions.: Net Sales, ($Million)
Figure 56. Sonoco Products Company.: Net Sales, ($Million)
Figure 57. Outlast Technologies LLC.: Net Sales, ($Million)
Figure 58. E. I. Du Pont De Nemours and Company.: Net Sales, ($Million)
Figure 59. Phase Change Energy Solutions.: Net Sales, ($Million)
Figure 60. Cryopak Inc. Net Sales, ($Million)
Figure 61. Microtek Laboratories, Inc. Net Sales, ($Million)
Figure 62. Advansa B.V. Net Sales, ($Million)
Figure 63. Pluss Advanced Technologies Pvt. Ltd. Net Sales, ($Million)

Executive Summary

According to this report titled, 'Advanced Phase Change Materials Market,' the advanced phase change materials market was valued at $1.4 billion in 2020, and is estimated to reach $4.5 billion by 2030, growing at a CAGR of 12.61% from 2021 to 2030.

Phase change materials (PCMs) are used for thermal energy storage, enabling the temporary storage of low- or high-temperature energy for later use. Offering a range of thermal management solutions, PCMs facilitate the ability to manage demand between energy requirements and usage. These materials store and release thermal energy on transitioning from one phase to another, that is, when materials freeze, large amount of energy is released as latent heat fusion or energy of crystallization. Conversely, energy is absorbed from the environment as solids melt into liquid.

Advanced phase change materials find extensive applications in the construction & building sector, which is one of the key factors that drives the market growth. One of the major drivers for the advanced phase change material market is increase in use of phase change material for temperature control. The application of phase change material in buildings ensures temperature regulation in rooms. Variations in environmental temperatures during the day and night are used to change the phase of the material, which releases and absorbs energy during the process. Temperature regulation using phase change material reduces the load on the heating and cooling equipment used for maintaining room temperature. Furthermore, factors such as increase in emphasis on energy conservation, expansion in application of advanced phase change materials in the textile sector, rapid urbanization in developing countries, and continued technological developments in the field of advanced PCM are expected to fuel the market growth in the near future.

The natural latent heat property of phase change material helps in maintaining a structure’s temperature and prevents sudden external changes. Fluctuations in ambient temperature recharge phase change material, making them suitable for everyday applications. The high regulations for reduction of greenhouse gas emission fuel the growth of the advanced phase change material market. However, the high cost of advanced PCM and lack of awareness among consumers regarding the use of phase change materials and flammability hamper the market growth.

The advanced phase change materials market is segmented based on product type, application, and region.

On the basis of type, it is categorized into organic PCM, inorganic PCM, and bio-based PCM. On the basis of application, it is segregated into building & construction, energy storage, HVAC, shipping & transportation, electronics, textiles, and others. By geography, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific region accounted for largest market share of the total revenue in 2020, followed by North America and Europe. The high adoption of phase change materials products in the region is expected to continue to bolster the advanced phase change materials market size, due to the presence of huge population base and presence of many developing countries in this region.

The key players operating in the global advanced phase change materials market are BASF SE, Entropy Solutions, Sonoco Products Company, Outlast Technologies LLC., Advansa B.V., E. I. Du Pont De Nemours And Company, Phase Change Energy Solutions, Cryopak Inc., Microtek Laboratories, Inc., and Pluss Advanced Technologies Pvt. Ltd. Other players in the value chain (not profiled in the report), such as Phase Change Materials Products Ltd., Rubitherm Technologies GmbH, Ciat Group, Datum Phase Change Ltd., Emco Klimatechnik Gmbh & Co. KG, Rgees LLC., Climator Sweden AB, Ewald Dörken AG, and Laird PLC., are competing for the share of the market through product launch, joint venture, partnership, and expanding the production capabilities to meet the future demand for the Advanced phase change materials market in the forecast period.

Key Findings of Study

  • By region, Europe accounted for the largest advanced phase change materials market share in 2020.
  • By type, the organic PCM segment held the largest market share in 2020.
  • By application, the building & construction segment held the largest market share in 2020.

IMPACT OF COVID-19 ON GLOBAL ADVANCED PHASE CHANGE MATERIALS MARKET

  • Emergence of COVID-19 had less impact on the growth of the global advanced phase change materials market during the pandemic outbreak period.
  • This impact is mostly attributed to significant disruptions in raw material transportation, unavailability of labor, and shutdown of many manufacturing industries.
  • The decrease in demand for many non-essential products and shut down of manufacturing industries created a negative impact on the development of global advanced phase change materials market.

Companies Mentioned

  • BASF SE
  • Entropy Solutions
  • Sonoco Products Company
  • Outlast Technologies LLC
  • E. I. Du Pont De Nemours And Company
  • Phase Change Energy Solutions
  • Cryopak Inc.
  • Microtek Laboratories, Inc.
  • Advansa B.V.
  • Pluss Advanced Technologies Pvt. Ltd.

Methodology

The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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