Phase Change Material Market

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Phase Change Material Market by type (Inorganic, Organic), Application (Building & Construction, HVAC, Cold Chain & Packaging, Electronics, Textile) and Region (North America, Europe, APAC, Rest of World) - Global Forecasts to 2026

FREE BROCHURE FREE SAMPLE REPORT
Report Code: AD 2999 Feb, 2022, by marketsandmarkets.com

The phase change material market is projected to reach USD 1,004 million by 2026, at a CAGR of 16.0%. The phase change material market is mainly driven by the regulations pertaining to the reduction of greenhouse gases and the use of phase change material for temperature control and greater comfort and saving. The lack of awareness regarding PCMs, issues related to corrosion of products, and lack of government subsidies are the key restraints for the market. However, the rising need for cold chain logistics and R&D initiatives for enhanced phase change material efficiency offers opportunities to the phase change material manufacturers.

Attractive Opportunities in the Phase Change Material Market

Phase Change Material Market

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DRIVERS: Regulations for the reduction of greenhouse gas emission

Regulations for carbon emission reductions such as the CRC Energy Efficiency Scheme in the UK have made it mandatory for non-energy-intensive organizations in the public and private sectors to reduce carbon emissions. There is an increasing demand for phase change material in buildings that reduce the required compressor load for heating and cooling buildings by maintaining required room temperatures, thus decreasing carbon emissions. Regulations are being imposed on the transport of pharmaceuticals and other biological goods based on temperature requirements during transport, with goods and transport needing to comply with the labeled storage requirements for each product.

The impact of this driver is medium at present, as only a few countries have imposed strict norms for the reduction of the carbon footprint. However, in the future, the impact is expected to be high as most countries are expected to reduce carbon emissions due to increasing environmental concerns.

RESTRAINT: Flammability and corrosiveness restrict the usage of PCM.

Certain characteristics of phase change material include flammability, corrosion, overheating, and volume expansion. For instance, paraffin is flammable, and therefore its use is restricted in the building & construction and HVAC applications. Phase change materials are used in TES and HVAC systems to serve as heat pumps. These systems, which are majorly made of metal and metal alloys, use phase change materials to increase the efficiency and lifecycles of the systems. Corrosion can critically damage the entire system and lead to high costs in terms of repairs or replacements.

The impact of this restraint is low at present and is expected to remain low in the future as encapsulation is improving, and manufacturers are also making efforts to sell encapsulated phase change material rather than raw PCM.

OPPORTUNITY: The rise in the need for cold chain logistics.

The pharmaceutical and food industries have grown significantly in terms of logistics as relatively high quantities of food are now being transported and stored around the globe. The increasing working population in countries, such as India and China, has led to an increased demand for packaged foods, such as meat, dairy, and other beverages. The rise in the transportation of goods that are temperature-sensitive and need to reach customers in the required forms have contributed significantly to the growth of the phase change material market. For instance, significant quantities of products, such as vaccines and other healthcare products, are being transported across the globe. All these factors offer opportunities for phase change material manufacturers.

CHALLENGES: Relatively high cost of switching from conventional materials.

Current users of HVAC systems are required to invest to incorporate phase change material in their systems. The cost incurred for this change is later recovered from the savings, payout period, and other advantages that the company is expected to receive due to switching to phase change material. If the company finds it cost-effective, it then takes the necessary steps to incorporate phase change material. At present, a high cost is incurred to convert from the current systems to phase change materials. However, the impact of this challenge is expected to be low in the future as it is expected to be incorporated into the product (for instance, when new HVAC systems are to be installed, they would be installed with phase change material), thus doing away with the need to incur the costs of converting to phase change material.

Inorganic PCM segment accounted for the largest share of the phase change material market, in terms of both value and volume, in 2020

The inorganic PCM segment accounted for a larger share of the phase change material market, in terms of both value and volume, in 2020. Inorganic PCMs are classified as salt hydrates and metallic. Metallic PCMs include low melting metals and metal eutectics that are not yet commercialized due to their weight. The increasing demand for inorganic PCMs from the cold chain & packaging; and refrigeration & equipment applications is driving the demand for these materials, globally. The non-flammable nature of inorganic PCMs is another reason driving the demand across regions.

The cold chain & packaging application accounted for the largest market share in terms of value in 2020.

The cold chain & packaging application accounted for the largest market share and is projected to grow at the highest CAGR in terms of value from 2021 to 2026. This growth can be attributed to the rising demand for phase change materials in the cold chain & packaging segment due to the increased demand for pharmaceutical packaging, globally. Phase change materials are used for transporting temperature-sensitive materials. Cold chains are used in shipping and storing perishable goods, procurement of raw materials, as well as production and transport until the product reaches the consumer.

Europe was the largest market for phase change materials in terms of value and volume in 2020.

Europe was the largest market for phase change materials in terms of value and volume in 2020. The growth of the phase change material market in the region is driven majorly by the demand from the building & construction application and stringent government regulations regarding carbon emissions. The initiatives of governments for the construction of green buildings boosted market growth as phase change materials help in saving carbon credits allotted to each building.


Phase Change Material Market by Region

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Phase Change Material Market by Ecosystem

Key Market Players in Phase Change Material Market Industry

The key market players profiled in the report include Cold Chain Technologies, Inc. (US), Croda International Plc. (UK), Microtek Laboratories Inc. (US), Sasol Limited (South Africa), PureTemp LLC. (US), Henkel AG & Company KGAA (Germany), Outlast Technologies LLC (US), Climator Sweden AB (Sweden), Ciat Group (France), Honeywell Electronic Materials, Inc. (US), among others.

Phase Change Material Market Report Scope

Report Metric

Details

Years considered for the study

2016-2026

Base year

2020

Forecast Period

2021-2026

Forecast Units

Value (USD Million), Volume (tons)

Segments Covered

Type, Application, and Region

Geographies Covered

North America, Europe, Asia Pacific and Rest of the World

Companies profiled

Cold Chain Technologies, Inc. (US), Croda International Plc. (UK), Microtek Laboratories Inc. (US), Sasol Limited (South Africa), PureTemp LLC. (US), Henkel AG & Company KGAA (Germany), Outlast Technologies LLC (US), Advansa B.V. (The Netherlands), AI Technology Inc. (US), Climator Sweden AB (Sweden), Ciat Group (France), Honeywell Electronic Materials, Inc. (US), Phase Change Materials Products Ltd. (UK), Rubitherm Technologies GmbH (Germany), and Teappcm (India)among others.

This report categorizes the global phase change material market based on type, application and region.

On the basis of type, the phase change material market has been segmented as follows:

  • Inorganic
  • Organic

On the basis of application, the phase change material market has been segmented as follows:

  • HVAC
  • Cold Chain & Packaging
  • Thermal Energy Storage
  • Electronics
  • Textile
  • Building & Construction
  • Refrigeration & Equipment
  • Others

On the basis of region, the phase change material market has been segmented as follows:

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World

Recent Developments in Phase Change Material Market

  • In January 2019, PureTemp LLC launched a temperature-control fabric coating to control ambient temperature swings in apparel, footwear, bedding, safety, medical, workwear, and industrial applications
  • In March 2019, Croda International introduced two new biobased PCMs, CrodaTherm 32 and CrodaTherm 37. These two new products provide high latent heat, narrow melting and crystallization points, and high cycle stability.

Frequently Asked Questions (FAQ):

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 37)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 PHASE CHANGE MATERIAL MARKET: INCLUSIONS AND EXCLUSIONS
           1.2.2 PHASE CHANGE MATERIAL: MARKET DEFINITION AND INCLUSIONS, BY TYPE
           1.2.3 PHASE CHANGE MATERIAL: MARKET DEFINITION AND INCLUSIONS, BY APPLICATION
    1.3 MARKET DEFINITION
           FIGURE 1 PHASE CHANGE MATERIAL MARKET SEGMENTATION
           1.3.1 REGIONS COVERED
           1.3.2 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 UNITS CONSIDERED
    1.6 STAKEHOLDERS
    1.7 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 42)
    2.1 RESEARCH DATA
           FIGURE 2 PHASE CHANGE MATERIAL MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews: demand-side and supply-side
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION - APPROACH 1 (SUPPLY-SIDE): REVENUE FROM SALE OF PHASE CHANGE MATERIAL
                    FIGURE 4 MARKET SIZE ESTIMATION - BOTTOM-UP (SUPPLY-SIDE): COLLECTIVE REVENUE OF ALL PHASE CHANGE MATERIAL COMPANIES
                    FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 – BOTTOM-UP (DEMAND-SIDE): PRODUCTS SOLD AND THEIR AVERAGE SELLING PRICE
           2.2.2 TOP-DOWN APPROACH
                    FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 – TOP-DOWN
    2.3 DATA TRIANGULATION
           FIGURE 7 PHASE CHANGE MATERIAL MARKET: DATA TRIANGULATION
    2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
           2.4.1 SUPPLY-SIDE
                    FIGURE 8 MARKET CAGR PROJECTIONS FROM SUPPLY-SIDE
           2.4.2 DEMAND-SIDE
                    FIGURE 9 MARKET GROWTH PROJECTIONS FROM DEMAND SIDE: DRIVERS AND OPPORTUNITIES
    2.5 FACTORS ANALYSIS
    2.6 ASSUMPTIONS
    2.7 LIMITATIONS
    2.8 RISK ASSESSMENT
           TABLE 1 PHASE CHANGE MATERIAL MARKET: RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 53)
    FIGURE 10 COLD CHAIN & PACKAGING ESTIMATED TO BE THE LARGEST APPLICATION SEGMENT OF THE PHASE CHANGE MATERIAL MARKET IN 2020
    FIGURE 11 INORGANIC PHASE CHANGE MATERIAL EXPECTED TO DOMINATE THE PHASE CHANGE MATERIAL MARKET BETWEEN 2021 AND 2026
    FIGURE 12 EUROPE ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2020

4 PREMIUM INSIGHTS (Page No. - 57)
    4.1 ATTRACTIVE OPPORTUNITIES IN THE PHASE CHANGE MATERIAL MARKET
           FIGURE 13 THE GROWING DEMAND FROM THE COLD CHAIN & PACKAGING APPLICATION TO DRIVE THE PHASE CHANGE MATERIAL MARKET DURING THE FORECAST PERIOD
    4.2 PHASE CHANGE MATERIAL MARKET SIZE, BY REGION
           FIGURE 14 EUROPE EXPECTED TO BE THE LARGEST MARKET FOR PHASE CHANGE MATERIALS DURING THE FORECAST PERIOD
    4.3 EUROPE: PHASE CHANGE MATERIAL MARKET, BY APPLICATION AND COUNTRY, 2020
           FIGURE 15 THE UK ACCOUNTED FOR THE LARGEST SHARE OF THE PHASE CHANGE MATERIAL MARKET IN 2020
    4.4 PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION
           FIGURE 16 COLD CHAIN & PACKAGING EXPECTED TO BE THE LARGEST APPLICATION SEGMENT OF THE PHASE CHANGE MATERIAL MARKET IN 2026
    4.5 PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION VS REGION
           FIGURE 17 COLD CHAIN & PACKAGING EXPECTED TO BE THE DOMINANT APPLICATION OF THE PHASE CHANGE MATERIAL MARKET IN MOST REGIONS
    4.6 PHASE CHANGE MATERIAL MARKET, BY KEY COUNTRIES
           FIGURE 18 THE PHASE CHANGE MATERIAL MARKET IN THE US PROJECTED TO REGISTER THE HIGHEST CAGR BETWEEN 2021 AND 2026

5 MARKET OVERVIEW (Page No. - 61)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 19 PHASE CHANGE MATERIAL MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Regulations for the reduction of greenhouse gas emissions
                               TABLE 2 REGION-WISE ENVIRONMENTAL NORMS: REGULATIONS DRIVING GROWTH OF THE PHASE CHANGE MATERIAL MARKET
                    5.2.1.2 Use of phase change material for temperature control and greater comfort
                               FIGURE 20 A COMPARISON BETWEEN TEMPERATURES WITH AND WITHOUT THE USE OF PHASE CHANGE MATERIAL
                    5.2.1.3 Use of phase change material for peak-load shifting
                    5.2.1.4 Alternative for reducing energy cost
                    5.2.1.5 Reduction in operating cost for cold chain and packaging industry
                    5.2.1.6 Effective solution for temperature-sensitive applications
                    5.2.1.7 Technical superiority over conventional materials
                               5.2.1.7.1 Wide range of melting temperatures
                                            TABLE 3 PHASE CHANGE MATERIAL APPLICATIONS WITH RESPECT TO THEIR TEMPERATURE
                               5.2.1.7.2 Availability of phase change material in various grades
                                            TABLE 4 TYPES AND FORMS OF PHASE CHANGE MATERIAL
                               5.2.1.7.3 Long operating life
                               5.2.1.7.4 Use for both, cooling and heating purposes
                               5.2.1.7.5 High heat storage capacity
                                            FIGURE 21 HEAT CAPACITY OF PHASE CHANGE MATERIAL VS. OTHER INSULATING MATERIALS
           5.2.2 RESTRAINTS
                    5.2.2.1 Lack of awareness for the benefits of PCM
                    5.2.2.2 Flammability and corrosiveness restrict the usage of PCM
                    5.2.2.3 Lack of government subsidies
           5.2.3 OPPORTUNITIES
                    5.2.3.1 The rise in the need for cold chain logistics
                    5.2.3.2 R&D initiatives for enhanced phase change material efficiency
                               FIGURE 22 GLOBAL R&D INITIATIVES TO INCREASE THE EFFICIENCY OF PHASE CHANGE MATERIAL
           5.2.4 CHALLENGES
                    5.2.4.1 Relatively high cost of switching from conventional materials
                    5.2.4.2 Impact of COVID-19
                               TABLE 5 COUNTRY-WISE PERCENTAGE DEVIATION ACROSS THE MANUFACTURING AND SERVICE SECTORS FROM BENCHMARKS DUE TO COVID-19
    5.3 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 23 PORTER’S FIVE FORCES ANALYSIS OF PHASE CHANGE MATERIAL MARKET
           TABLE 6 PHASE CHANGE MATERIAL MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.3.1 THREAT OF SUBSTITUTES
           5.3.2 THREAT OF NEW ENTRANTS
           5.3.3 BARGAINING POWER OF SUPPLIERS
           5.3.4 BARGAINING POWER OF BUYERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 TECHNOLOGY ANALYSIS
           5.4.1 ACTIVE COOLING--BASED BATTERY THERMAL MANAGEMENT USING COMPOSITE PHASE CHANGE MATERIALS
           5.4.2 NANOSCALE SWITCHING
    5.5 MACROECONOMIC INDICATORS
           5.5.1 GDP TRENDS AND FORECAST OF MAJOR ECONOMIES
                    TABLE 7 GDP TRENDS AND FORECAST, BY MAJOR ECONOMIES, 2018–2026 (USD BILLION)
    5.6 COVID-19 IMPACT
           5.6.1 INTRODUCTION
           5.6.2 COVID-19 HEALTH ASSESSMENT
                    FIGURE 24 COUNTRY-WISE SPREAD OF COVID-19
           5.6.3 COVID-19 ECONOMIC ASSESSMENT
                    FIGURE 25 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2021
                    5.6.3.1 COVID-19 Impact on the Economy—Scenario Assessment
                               FIGURE 26 FACTORS IMPACTING THE GLOBAL ECONOMY
    5.7 IMPACT OF COVID-19: CUSTOMER ANALYSIS

6 INDUSTRY TRENDS (Page No. - 78)
    6.1 SUPPLY CHAIN ANALYSIS
           FIGURE 27 PHASE CHANGE MATERIALS: SUPPLY CHAIN
           6.1.1 RAW MATERIAL
           6.1.2 MANUFACTURING OF PHASE CHANGE MATERIAL
           6.1.3 DISTRIBUTION TO END USERS
           6.1.4 APPLICATION
    6.2 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS
           6.2.1 REVENUE SHIFTS & REVENUE POCKETS FOR PHASE CHANGE MATERIAL MARKET
                    FIGURE 28 REVENUE SHIFT FOR PHASE CHANGE MATERIALS MARKET
    6.3 CONNECTED MARKETS: ECOSYSTEM
           TABLE 8 PHASE CHANGE MATERIAL MARKET: SUPPLY CHAIN
           FIGURE 29 PHASE CHANGE MATERIAL MARKET: ECOSYSTEM
    6.4 CASE STUDY ANALYSIS
           6.4.1 A CASE STUDY ON HEATVENTORS SERVER COOLING USING CRODATHERM
           6.4.2 A CASE STUDY ON COLD CHAIN LOGISTICS
    6.5 TRADE ANALYSIS
           6.5.1 IMPORT SCENARIO OF PHASE CHANGE MATERIAL
                    FIGURE 30 PHASE CHANGE MATERIALS IMPORTS, BY KEY COUNTRY, 2016-2020
                    TABLE 9 PHASE CHANGE MATERIAL IMPORTS, BY REGION, 2016-2020 (USD BILLION)
           6.5.2 EXPORT SCENARIO OF PHASE CHANGE MATERIAL
                    FIGURE 31 PHASE CHANGE MATERIALS EXPORTS, BY KEY COUNTRY, 2016- 2020
                    TABLE 10 PHASE CHANGE MATERIAL EXPORTS, BY REGION, 2016-2020 (USD BILLION)
    6.6 AVERAGE SELLING PRICE
           FIGURE 32 AVERAGE SELLING PRICE OF PHASE CHANGE MATERIAL, BY REGION (USD/KG)
           TABLE 11 AVERAGE SELLING PRICE OF PHASE CHANGE MATERIAL, BY REGION (USD/KG)
    6.7 PHASE CHANGE MATERIAL MARKET: REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIO
           FIGURE 33 MARKET SIZE UNDER REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIO
           TABLE 12 PHASE CHANGE MATERIAL MARKET: MARKET FORECAST SCENARIO, 2019-2026 (USD MILLION)
           6.7.1 NON-COVID-19 SCENARIO
           6.7.2 OPTIMISTIC SCENARIO
           6.7.3 PESSIMISTIC SCENARIO
           6.7.4 REALISTIC SCENARIO
    6.8 REGULATORY LANDSCAPE
           6.8.1 REGULATIONS RELATED TO PHASE CHANGE MATERIAL MARKET
    6.9 PATENT ANALYSIS
           6.9.1 APPROACH
           6.9.2 DOCUMENT TYPE
                    TABLE 13 GRANTED PATENTS ACCOUNT FOR 16 % OF ALL PATENTS IN LAST 10 YEARS
                    FIGURE 34 PATENTS REGISTERED FOR PHASE CHANGE MATERIAL, 2010–2020
                    FIGURE 35 PATENTS PUBLICATION TRENDS FOR PHASE CHANGE MATERIAL, 2010–2020
                    FIGURE 36 LEGAL STATUS OF PATENTS
           6.9.3 JURISDICTION ANALYSIS
                    FIGURE 37 MAXIMUM PATENTS FILED BY COMPANIES IN CHINA
           6.9.4 TOP APPLICANTS
                    FIGURE 38 IBM REGISTERED MAXIMUM NUMBER OF PATENTS FROM 2010 TO 2020
                    TABLE 14 LIST OF PATENTS BY IBM
                    TABLE 15 LIST OF PATENTS BY MICRON TECHNOLOGY INC.
                    TABLE 16 LIST OF PATENTS BY COMMISSARIAT ENERGIE ATOMIQUE
                    TABLE 17 TOP 10 PATENT OWNERS IN US, 2010–2020

7 PHASE CHANGE MATERIAL MARKET, BY TYPE (Page No. - 95)
    7.1 INTRODUCTION
           FIGURE 39 THE INORGANIC SEGMENT PROJECTED TO DOMINATE THE PHASE CHANGE MATERIAL MARKET FROM 2021 TO 2026
           TABLE 18 COMPARATIVE ANALYSIS OF DIFFERENT TYPES OF PHASE CHANGE MATERIAL
           TABLE 19 PHASE CHANGE MATERIAL TYPE, BY APPLICATION
           TABLE 20 PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
           TABLE 21 PHASE CHANGE MATERIALS MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
           TABLE 22 PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2016–2019 (TON)
           TABLE 23 PHASE CHANGE MATERIALS MARKET SIZE, BY TYPE, 2020–2026 (TON)
    7.2 INORGANIC PCM
           7.2.1 THE INFLAMMABLE NATURE OF INORGANIC PCMS TO DRIVE THE DEMAND DURING THE FORECAST PERIOD
                    TABLE 24 LIST OF INORGANIC PCM MATERIALS ALONG WITH THEIR PROPERTIES
                    FIGURE 40 EUROPE PROJECTED TO BE THE LARGEST INORGANIC PCM MARKET DURING THE FORECAST PERIOD
                    TABLE 25 INORGANIC PHASE CHANGE MATERIAL MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 26 INORGANIC PHASE CHANGE MATERIALS MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
                    TABLE 27 INORGANIC PHASE CHANGE MATERIAL MARKET SIZE, BY REGION, 2016–2019 (TON)
                    TABLE 28 INORGANIC PHASE CHANGE MATERIALS MARKET SIZE, BY REGION, 2020–2026 (TON)
    7.3 ORGANIC PCM
           7.3.1 PARAFFIN ARE THE MOST WIDELY USED ORGANIC PCMS
           7.3.2 BIO-BASED PCM
                    FIGURE 41 NORTH AMERICA IS PROJECTED TO BE THE FASTEST-GROWING ORGANIC PCM MARKET FROM 2021 TO 2026
                    TABLE 29 ORGANIC PHASE CHANGE MATERIAL MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 30 ORGANIC PHASE CHANGE MATERIALS MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
                    TABLE 31 ORGANIC PHASE CHANGE MATERIAL MARKET SIZE, BY REGION, 2016–2019 (TON)
                    TABLE 32 ORGANIC PHASE CHANGE MATERIALS MARKET SIZE, BY REGION, 2020–2026 (TON)
                    TABLE 33 ORGANIC PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 34 ORGANIC PHASE CHANGE MATERIALS MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
                    TABLE 35 ORGANIC PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2016–2019 (TON)
                    TABLE 36 ORGANIC PHASE CHANGE MATERIALS MARKET SIZE, BY TYPE, 2020–2026 (TON)
                    TABLE 37 LIST OF NON-PARAFFIN BASED ORGANIC PCM MATERIALS ALONG WITH THEIR PROPERTIES
                    TABLE 38 LIST OF PARAFFIN BASED ORGANIC PCM MATERIALS ALONG WITH THEIR PROPERTIES

8 PHASE CHANGE MATERIAL MARKET, BY APPLICATION (Page No. - 108)
    8.1 INTRODUCTION
           FIGURE 42 COLD CHAIN & PACKAGING TO BE THE FASTEST-GROWING APPLICATION DURING THE FORECAST PERIOD
           TABLE 39 PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
           TABLE 40 PHASE CHANGE MATERIALS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
           TABLE 41 PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
           TABLE 42 PHASE CHANGE MATERIALS MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
    8.2 COLD CHAIN & PACKAGING
           8.2.1 THE NEED TO TRANSPORT TEMPERATURE-SENSITIVE GOODS TO DRIVE DEMAND FOR PHASE CHANGE MATERIAL
                    FIGURE 43 EUROPE PROJECTED TO BE THE LARGEST PHASE CHANGE MATERIAL MARKET IN THE COLD CHAIN & PACKAGING FROM 2021 TO 2026
                    TABLE 43 PHASE CHANGE MATERIALS MARKET SIZE IN COLD CHAIN & PACKAGING APPLICATION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 44 PHASE CHANGE MATERIAL MARKET SIZE IN COLD CHAIN & PACKAGING APPLICATION, BY REGION, 2020–2026 (USD MILLION)
                    TABLE 45 PHASE CHANGE MATERIALS MARKET SIZE IN THE COLD CHAIN & PACKAGING APPLICATION, BY REGION, 2016–2019 (TON)
                    TABLE 46 PHASE CHANGE MATERIAL MARKET SIZE IN THE COLD CHAIN & PACKAGING APPLICATION, BY REGION, 2020–2026 (TON)
    8.3 BUILDING & CONSTRUCTION
           8.3.1 THE NEED FOR TEMPERATURE CONTROL IN BUILDING & CONSTRUCTION TO DRIVE DEMAND FOR PHASE CHANGE MATERIALS
                    FIGURE 44 NORTH AMERICA IS PROJECTED TO BE THE FASTEST-GROWING PCM MARKET IN THE BUILDING & CONSTRUCTION FROM 2021 TO 2026
                    TABLE 47 PHASE CHANGE MATERIAL MARKET SIZE IN BUILDING & CONSTRUCTION APPLICATION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 48 PHASE CHANGE MATERIAL MARKET SIZE IN BUILDING & CONSTRUCTION APPLICATION, BY REGION, 2020–2026 (USD MILLION)
                    TABLE 49 PHASE CHANGE MATERIALS MARKET SIZE IN THE BUILDING & CONSTRUCTION APPLICATION, BY REGION, 2016–2019 (TON)
                    TABLE 50 PHASE CHANGE MATERIAL MARKET SIZE IN THE BUILDING & CONSTRUCTION APPLICATION, BY REGION, 2020–2026 (TON)
    8.4 HVAC
           8.4.1 THE NEED FOR INTELLIGENT HEATING AND COOLING SYSTEMS TO DRIVE THE DEMAND FOR PHASE CHANGE MATERIAL
                    FIGURE 45 FUNCTION OF PHASE CHANGE MATERIAL IN REDUCING PEAK LOAD
                    FIGURE 46 EUROPE PROJECTED TO BE THE LARGEST MARKET FOR PHASE CHANGE MATERIAL IN THE HVAC APPLICATION FROM 2021 TO 2026
                    TABLE 51 PHASE CHANGE MATERIAL MARKET SIZE IN HVAC APPLICATION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 52 PHASE CHANGE MATERIALS MARKET SIZE IN HVAC APPLICATION, BY REGION, 2020–2026 (USD MILLION)
                    TABLE 53 PHASE CHANGE MATERIAL MARKET SIZE IN HVAC APPLICATION, BY REGION, 2016–2019 (TON)
                    TABLE 54 PHASE CHANGE MATERIALS MARKET SIZE IN HVAC APPLICATION, BY REGION, 2020–2026 (TON)
    8.5 THERMAL ENERGY STORAGE (TES)
           8.5.1 THE USE OF PHASE CHANGE MATERIAL FOR STORING RENEWABLE ENERGY TO DRIVE DEMAND IN THE TES APPLICATION
           8.5.2 BOILER/ POWER PLANT
           8.5.3 SOLAR ENERGY STORAGE
                    TABLE 55 COMMERCIALLY AVAILABLE PHASE CHANGE MATERIALS FOR SOLAR ENERGY STORAGE
           8.5.4 GEOTHERMAL ENERGY STORAGE
                    FIGURE 47 NORTH AMERICA PROJECTED TO BE THE SECOND-LARGEST MARKET FOR PHASE CHANGE MATERIAL IN THE THERMAL ENERGY STORAGE APPLICATION FROM 2021 TO 2026
                    TABLE 56 PHASE CHANGE MATERIAL MARKET SIZE IN THERMAL ENERGY STORAGE APPLICATION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 57 PHASE CHANGE MATERIALS MARKET SIZE IN THERMAL ENERGY STORAGE APPLICATION, BY REGION, 2020–2026 (USD MILLION)
                    TABLE 58 PHASE CHANGE MATERIAL MARKET SIZE IN THERMAL ENERGY STORAGE APPLICATION, BY REGION, 2016–2019 (TON)
                    TABLE 59 PHASE CHANGE MATERIALS MARKET SIZE IN THERMAL ENERGY STORAGE APPLICATION, BY REGION, 2020–2026 (TON)
    8.6 REFRIGERATION & EQUIPMENT
           8.6.1 THE INCREASING USE OF CHILLERS, PASSIVE SHIPPERS, AND ACTIVE COMPRESSOR UNITS TO DRIVE THE DEMAND FOR PHASE CHANGE MATERIALS
           8.6.2 FIXED REFRIGERATION
                    FIGURE 48 EUROPE TO BE THE LARGEST MARKET FOR PHASE CHANGE MATERIAL IN THE REFRIGERATION & EQUIPMENT APPLICATION FROM 2021 TO 2026
                    TABLE 60 PHASE CHANGE MATERIAL MARKET SIZE IN THE REFRIGERATION & EQUIPMENT APPLICATION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 61 PHASE CHANGE MATERIALS MARKET SIZE IN THE REFRIGERATION & EQUIPMENT APPLICATION, BY REGION, 2020–2026 (USD MILLION)
                    TABLE 62 PHASE CHANGE MATERIAL MARKET SIZE IN THE REFRIGERATION & EQUIPMENT APPLICATION, BY REGION, 2016–2019 (TON)
                    TABLE 63 PHASE CHANGE MATERIALS MARKET SIZE IN THE REFRIGERATION & EQUIPMENT APPLICATION, BY REGION, 2020–2026 (TON)
    8.7 TEXTILES
           8.7.1 THE DEMAND FOR PHASE CHANGE MATERIALS IN TEXTILES IS INCREASING OWING TO THE NEED FOR THERMO-PHYSICAL COMFORT
           8.7.2 INCORPORATION OF PHASE CHANGE MATERIAL IN TEXTILES
                    FIGURE 49 ASIA PACIFIC PROJECTED TO BE THE FASTEST-GROWING MARKET FOR PHASE CHANGE MATERIAL IN THE TEXTILE APPLICATION FROM 2021 TO 2026
                    TABLE 64 PHASE CHANGE MATERIAL MARKET SIZE IN TEXTILE APPLICATION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 65 PHASE CHANGE MATERIALS MARKET SIZE IN TEXTILE APPLICATION, BY REGION, 2020–2026 (USD MILLION)
                    TABLE 66 PHASE CHANGE MATERIAL MARKET SIZE IN THE TEXTILE APPLICATION, BY REGION, 2016–2019 (TON)
                    TABLE 67 PHASE CHANGE MATERIALS MARKET SIZE IN THE TEXTILE APPLICATION, BY REGION, 2020–2026 (TON)
    8.8 ELECTRONICS
           8.8.1 THE USE OF PHASE CHANGE MATERIALS FOR THERMAL MANAGEMENT IN ELECTRONIC ITEMS TO DRIVE DEMAND
           8.8.2 PHASE CHANGE MEMORY (PCRAM)
                    TABLE 68 COMPARATIVE ANALYSIS: DIFFERENT MEMORY TYPES
           8.8.3 THERMAL INTERFACE MATERIAL (TIM)
                    FIGURE 50 NORTH AMERICA PROJECTED TO BE THE FASTEST-GROWING MARKET FOR PHASE CHANGE MATERIAL IN THE ELECTRONICS APPLICATION FROM 2021 TO 2026
                    TABLE 69 PHASE CHANGE MATERIAL MARKET SIZE IN THE ELECTRONICS APPLICATION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 70 PHASE CHANGE MATERIALS MARKET SIZE IN THE ELECTRONICS APPLICATION, BY REGION, 2020–2026 (USD MILLION)
                    TABLE 71 PHASE CHANGE MATERIAL MARKET SIZE IN THE ELECTRONICS APPLICATION, BY REGION, 2016–2019 (TON)
                    TABLE 72 PHASE CHANGE MATERIALS MARKET SIZE IN THE ELECTRONICS APPLICATION, BY REGION, 2020–2026 (TON)
    8.9 OTHERS
           8.9.1 AUTOMOTIVE
           8.9.2 HEALTHCARE
           8.9.3 TELECOMMUNICATION
                    FIGURE 51 EUROPE IS PROJECTED TO BE THE LARGEST MARKET IN OTHER APPLICATIONS OF PHASE CHANGE MATERIAL FROM 2021 TO 2026
                    TABLE 73 PHASE CHANGE MATERIAL MARKET SIZE IN THE OTHER APPLICATIONS, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 74 PHASE CHANGE MATERIALS MARKET SIZE IN THE OTHER APPLICATIONS, BY REGION, 2020–2026 (USD MILLION)
                    TABLE 75 PHASE CHANGE MATERIAL MARKET SIZE IN THE OTHER APPLICATIONS, BY REGION, 2016–2019 (TON)
                    TABLE 76 PHASE CHANGE MATERIALS MARKET SIZE IN THE OTHER APPLICATIONS, BY REGION, 2020–2026 (TON)

9 PHASE CHANGE MATERIAL MARKET, BY REGION (Page No. - 134)
    9.1 INTRODUCTION
           FIGURE 52 NORTH AMERICA PROJECTED TO BE THE FASTEST-GROWING MARKET DURING THE FORECAST PERIOD
           TABLE 77 PHASE CHANGE MATERIAL MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
           TABLE 78 PHASE CHANGE MATERIALS MARKET SIZE, BY REGION, 2020–2026 (USD MILLION)
           TABLE 79 PHASE CHANGE MATERIAL MARKET SIZE, BY REGION, 2016–2019 (TON)
           TABLE 80 PHASE CHANGE MATERIALS MARKET SIZE, BY REGION, 2020–2026 (TON)
    9.2 EUROPE
           FIGURE 53 EUROPEAN PHASE CHANGE MATERIAL MARKET SNAPSHOT: UK TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026
           9.2.1 EUROPE PHASE CHANGE MATERIAL MARKET, BY TYPE
                    TABLE 81 EUROPE: MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 82 EUROPE: MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
                    TABLE 83 EUROPE: MARKET SIZE, BY TYPE, 2016–2019 (TON)
                    TABLE 84 EUROPE: MARKET SIZE, BY TYPE, 2020–2026 (TON)
           9.2.2 EUROPE PHASE CHANGE MATERIALS MARKET, BY APPLICATION
                    TABLE 85 EUROPE: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 86 EUROPE: MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    TABLE 87 EUROPE: MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                    TABLE 88 EUROPE: MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
           9.2.3 EUROPE PHASE CHANGE MATERIAL MARKET, BY COUNTRY
                    TABLE 89 EUROPE: MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 90 EUROPE: MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
                    TABLE 91 EUROPE: MARKET SIZE, BY COUNTRY, 2016–2019 (TON)
                    TABLE 92 EUROPE: MARKET SIZE, BY COUNTRY, 2020–2026 (TON)
                    9.2.3.1 Germany
                               9.2.3.1.1 Energy Conservation Ordinance to drive the demand for phase change materials in Germany
                                            TABLE 93 GERMANY: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                                            TABLE 94 GERMANY: MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
                                            TABLE 95 GERMANY: MARKET SIZE, BY TYPE, 2016–2019 (TON)
                                            TABLE 96 GERMANY: MARKET SIZE, BY TYPE, 2020–2026 (TON)
                                            TABLE 97 GERMANY: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 98 GERMANY: MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                                            TABLE 99 GERMANY: MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                                            TABLE 100 GERMANY: MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                    9.2.3.2 UK
                               9.2.3.2.1 Prevalence of cold temperature to drive the phase change material market
                                            TABLE 101 UK: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                                            TABLE 102 UK: MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
                                            TABLE 103 UK: MARKET SIZE, BY TYPE, 2016–2019 (TON)
                                            TABLE 104 UK: MARKET SIZE, BY TYPE, 2020–2026 (TON)
                                            TABLE 105 UK: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 106 UK: MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                                            TABLE 107 UK: MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                                            TABLE 108 UK: MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                    9.2.3.3 France
                               9.2.3.3.1 Energy Efficiency Certificates expected to drive the market for phase change material in building & construction application
                                            TABLE 109 FRANCE: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                                            TABLE 110 FRANCE: MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
                                            TABLE 111 FRANCE: MARKET SIZE, BY TYPE, 2016–2019 (TON)
                                            TABLE 112 FRANCE: MARKET SIZE, BY TYPE, 2020–2026 (TON)
                                            TABLE 113 FRANCE: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 114 FRANCE: MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                                            TABLE 115 FRANCE: MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                                            TABLE 116 FRANCE: MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                    9.2.3.4 The Netherlands
                               9.2.3.4.1 Stringent building codes in the country to drive demand for phase change materials
                                            TABLE 117 THE NETHERLANDS: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                                            TABLE 118 THE NETHERLANDS: MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
                                            TABLE 119 THE NETHERLANDS: MARKET SIZE, BY TYPE, 2016–2019 (TON)
                                            TABLE 120 THE NETHERLANDS: MARKET SIZE, BY TYPE, 2020–2026 (TON)
                                            TABLE 121 THE NETHERLANDS: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 122 THE NETHERLANDS: MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                                            TABLE 123 THE NETHERLANDS: MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                                            TABLE 124 THE NETHERLANDS: MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
    9.3 NORTH AMERICA
           FIGURE 54 NORTH AMERICAN PHASE CHANGE MATERIAL MARKET SNAPSHOT: US PROJECTED TO GROW AT A HIGH CAGR DURING THE FORECAST PERIOD
           9.3.1 NORTH AMERICA PHASE CHANGE MATERIALS MARKET, BY TYPE
                    TABLE 125 NORTH AMERICA: MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 126 NORTH AMERICA: MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
                    TABLE 127 NORTH AMERICA: MARKET SIZE, BY TYPE, 2016–2019 (TON)
                    TABLE 128 NORTH AMERICA: MARKET SIZE, BY TYPE, 2020–2026 (TON)
           9.3.2 NORTH AMERICA PHASE CHANGE MATERIALS MARKET, BY APPLICATION
                    TABLE 129 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 130 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    TABLE 131 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                    TABLE 132 NORTH AMERICA: MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
           9.3.3 NORTH AMERICA PHASE CHANGE MATERIALS MARKET, BY COUNTRY
                    TABLE 133 NORTH AMERICA: PHASE CHANGE MATERIAL MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 134 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
                    TABLE 135 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2016–2019 (TON)
                    TABLE 136 NORTH AMERICA: MARKET SIZE, BY COUNTRY, 2020–2026 (TON)
                    9.3.3.1 US
                               9.3.3.1.1 The presence of major manufacturers and rising awareness regarding the use of phase change materials to drive demand in the US
                                            TABLE 137 US: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                                            TABLE 138 US: MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
                                            TABLE 139 US: MARKET SIZE, BY TYPE, 2016–2019 (TON)
                                            TABLE 140 US: MARKET SIZE, BY TYPE, 2020–2026 (TON)
                                            TABLE 141 US: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 142 US: MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                                            TABLE 143 US: MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                                            TABLE 144 US: MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
    9.4 ASIA PACIFIC
           FIGURE 55 ASIA PACIFIC PHASE CHANGE MATERIAL MARKET SNAPSHOT: CHINA PROJECTED TO WITNESS SIGNIFICANT GROWTH DURING THE FORECAST PERIOD
           9.4.1 ASIA PACIFIC PHASE CHANGE MATERIALS MARKET, BY TYPE
                    TABLE 145 ASIA PACIFIC: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 146 ASIA PACIFIC: MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
                    TABLE 147 ASIA PACIFIC: MARKET SIZE, BY TYPE, 2016–2019 (TON)
                    TABLE 148 ASIA PACIFIC: MARKET SIZE, BY TYPE, 2020–2026 (TON)
           9.4.2 ASIA PACIFIC PHASE CHANGE MATERIALS MARKET, BY APPLICATION
                    TABLE 149 ASIA PACIFIC: PHASE CHANGE MATERIALS MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 150 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    TABLE 151 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                    TABLE 152 ASIA PACIFIC: MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
           9.4.3 ASIA PACIFIC PHASE CHANGE MATERIALS MARKET, BY COUNTRY
                    TABLE 153 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
                    TABLE 154 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION)
                    TABLE 155 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2016–2019 (TON)
                    TABLE 156 ASIA PACIFIC: MARKET SIZE, BY COUNTRY, 2020–2026 (TON)
                    9.4.3.1 China
                               9.4.3.1.1 Increase in awareness about phase change material to drive demand
                                            TABLE 157 CHINA: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                                            TABLE 158 CHINA: MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
                                            TABLE 159 CHINA: MARKET SIZE, BY TYPE, 2016–2019 (TON)
                                            TABLE 160 CHINA: MARKET SIZE, BY TYPE, 2020–2026 (TON)
                                            TABLE 161 CHINA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 162 CHINA: MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                                            TABLE 163 CHINA: MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                                            TABLE 164 CHINA: MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                    9.4.3.2 India
                               9.4.3.2.1 Rise in the demand for renewable energy offers a significant opportunity for the growth of the phase change material market
                                            TABLE 165 INDIA: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                                            TABLE 166 INDIA: MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
                                            TABLE 167 INDIA: MARKET SIZE, BY TYPE, 2016–2019 (TON)
                                            TABLE 168 INDIA: MARKET SIZE, BY TYPE, 2020–2026 (TON)
                                            TABLE 169 INDIA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 170 INDIA: MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                                            TABLE 171 INDIA: MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                                            TABLE 172 INDIA: MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                    9.4.3.3 Australia
                               9.4.3.3.1 Increase in renewable energy consumption and stringent building codes to drive the demand for phase change materials
                                            TABLE 173 AUSTRALIA: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                                            TABLE 174 AUSTRALIA: MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
                                            TABLE 175 AUSTRALIA: MARKET SIZE, BY TYPE, 2016–2019 (TON)
                                            TABLE 176 AUSTRALIA: MARKET SIZE, BY TYPE, 2020–2026 (TON)
                                            TABLE 177 AUSTRALIA: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 178 AUSTRALIA: MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                                            TABLE 179 AUSTRALIA: MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                                            TABLE 180 AUSTRALIA: MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
                    9.4.3.4 Singapore
                               9.4.3.4.1 A highly developed healthcare sector in the country is expected to drive the demand for phase change materials
                                            TABLE 181 SINGAPORE: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                                            TABLE 182 SINGAPORE: MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
                                            TABLE 183 SINGAPORE: MARKET SIZE, BY TYPE, 2016–2019 (TON)
                                            TABLE 184 SINGAPORE: MARKET SIZE, BY TYPE, 2020–2026 (TON)
                                            TABLE 185 SINGAPORE: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                                            TABLE 186 SINGAPORE: MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                                            TABLE 187 SINGAPORE: MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                                            TABLE 188 SINGAPORE: MARKET SIZE, BY APPLICATION, 2020–2026 (TON)
    9.5 REST OF THE WORLD
           9.5.1 REST OF THE WORLD PHASE CHANGE MATERIALS MARKET, BY TYPE
                    TABLE 189 REST OF THE WORLD: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 190 REST OF THE WORLD: MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION)
                    TABLE 191 REST OF THE WORLD: MARKET SIZE, BY TYPE, 2016–2019 (TON)
                    TABLE 192 REST OF THE WORLD: MARKET SIZE, BY TYPE, 2020–2026 (TON)
           9.5.2 REST OF THE WORLD PHASE CHANGE MATERIALS MARKET, BY APPLICATION
                    TABLE 193 REST OF THE WORLD: MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 194 REST OF THE WORLD: PHASE CHANGE MATERIALS MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION)
                    TABLE 195 REST OF THE WORLD: MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                    TABLE 196 REST OF THE WORLD: MARKET SIZE, BY APPLICATION, 2020–2026 (TON)

10 COMPETITIVE LANDSCAPE (Page No. - 187)
     10.1 INTRODUCTION
     10.2 STRATEGIES ADOPTED BY KEY PLAYERS
             10.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY PHASE CHANGE MATERIAL MANUFACTURERS
     10.3 MARKET SHARE ANALYSIS
             10.3.1 RANKING OF KEY MARKET PLAYERS, 2020
                        FIGURE 56 RANKING OF TOP THREE PLAYERS IN THE PHASE CHANGE MATERIAL MARKET, 2020
             10.3.2 MARKET SHARE OF KEY PLAYERS
                        TABLE 197 PHASE CHANGE MATERIALS MARKET: DEGREE OF COMPETITION
                        FIGURE 57 PURETEMP LLC IS THE LEADING PLAYER IN THE PHASE CHANGE MATERIAL MARKET IN 2020
                        10.3.2.1 PureTemp LLC
                        10.3.2.2 Climator Sweden AB
                        10.3.2.3 Croda International Plc.
             10.3.3 REVENUE ANALYSIS OF TOP THREE PLAYERS
                        FIGURE 58 REVENUE ANALYSIS OF KEY COMPANIES IN THE PAST 5 YEARS
     10.4 COMPANY PRODUCT FOOTPRINT ANALYSIS
             FIGURE 59 PHASE CHANGE MATERIAL MARKET: COMPANY FOOTPRINT
             TABLE 198 PHASE CHANGE MATERIALS MARKET: APPLICATION FOOTPRINT
             TABLE 199 PHASE CHANGE MATERIAL MARKET: TYPE FOOTPRINT
             TABLE 200 PHASE CHANGE MARKET: COMPANY REGION FOOTPRINT
     10.5 COMPANY EVALUATION QUADRANT (TIER 1)
             10.5.1 STARS
             10.5.2 EMERGING LEADERS
             10.5.3 PARTICIPANT
                        FIGURE 60 COMPANY EVALUATION QUADRANT FOR PHASE CHANGE MATERIAL MARKET (TIER 1)
     10.6 START-UP/SMES EVALUATION QUADRANT
             10.6.1 PROGRESSIVE COMPANIES
             10.6.2 RESPONSIVE COMPANIES
             10.6.3 STARTING BLOCKS
                        FIGURE 61 START-UP/SMES EVALUATION QUADRANT FOR PHASE CHANGE MATERIAL MARKET
     10.7 COMPETITIVE SITUATION AND TRENDS
             10.7.1 NEW PRODUCT LAUNCHES
                        TABLE 201 PHASE CHANGE MATERIAL MARKET: NEW PRODUCT LAUNCHES (2018- 2021)
             10.7.2 DEALS
                        TABLE 202 PHASE CHANGE MATERIAL MARKET: DEALS (2018- 2021)
             10.7.3 OTHER DEVELOPMENTS
                        TABLE 203 PHASE CHANGE MATERIAL MARKET: EXPANSIONS, INVESTMENTS, AND INNOVATIONS (2016-2021)

11 COMPANY PROFILES (Page No. - 204)
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))* 
     11.1 MAJOR PLAYERS
             11.1.1 PURETEMP LLC
                        TABLE 204 PURETEMP LLC: BUSINESS OVERVIEW
             11.1.2 CLIMATOR SWEDEN AB
                        TABLE 205 CLIMATOR SWEDEN AB: COMPANY OVERVIEW
             11.1.3 CRODA INTERNATIONAL PLC.
                        TABLE 206 CRODA INTERNATIONAL PLC.: COMPANY OVERVIEW
                        FIGURE 62 CRODA INTERNATIONAL PLC.: COMPANY SNAPSHOT
             11.1.4 SASOL LIMITED
                        TABLE 207 SASOL LIMITED: COMPANY OVERVIEW
                        FIGURE 63 SASOL LIMITED: COMPANY SNAPSHOT
             11.1.5 RUBITHERM TECHNOLOGIES GMBH
                        TABLE 208 RUBITHERM TECHNOLOGIES GMBH: COMPANY OVERVIEW
             11.1.6 MICROTEK LABORATORIES INC.
                        TABLE 209 MICROTEK LABORATORIES INC.: COMPANY OVERVIEW
             11.1.7 PLUSS ADVANCED TECHNOLOGIES PVT. LTD.
                        TABLE 210 PLUSS ADVANCED TECHNOLOGIES PVT. LTD: COMPANY OVERVIEW
             11.1.8 DUPONT DE NEMOURS, INC.
                        TABLE 211 DUPONT DE NEMOURS, INC.: COMPANY OVERVIEW
                        FIGURE 64 DUPONT DE NEMOURS, INC.: COMPANY SNAPSHOT
             11.1.9 HONEYWELL ELECTRONIC MATERIALS INC.
                        TABLE 212 HONEYWELL ELECTRONIC MATERIALS INC.: COMPANY OVERVIEW
                        FIGURE 65 HONEYWELL ELECTRONIC MATERIALS INC.: COMPANY SNAPSHOT
             11.1.10 PHASE CHANGE ENERGY SOLUTIONS
                        TABLE 213 PHASE CHANGE ENERGY SOLUTIONS: COMPANY OVERVIEW
             11.1.11 COLD CHAIN TECHNOLOGIES
                        TABLE 214 COLD CHAIN TECHNOLOGIES: COMPANY OVERVIEW
             11.1.12 OUTLAST TECHNOLOGIES LLC
                        TABLE 215 OUTLAST TECHNOLOGIES LLC: COMPANY OVERVIEW
             11.1.13 HENKEL AG & COMPANY KGAA
                        TABLE 216 HENKEL AG & COMPANY, KGAA: COMPANY OVERVIEW
                        FIGURE 66 HENKEL AG & COMPANY KGAA: COMPANY SNAPSHOT
             11.1.14 PHASE CHANGE MATERIALS PRODUCTS LTD
                        TABLE 217 PHASE CHANGE MATERIALS PRODUCTS LTD.: COMPANY OVERVIEW
     11.2 OTHER KEY MARKET PLAYERS
             11.2.1 ADVANSA B.V.
                        TABLE 218 ADVANSA B.V.: BUSINESS OVERVIEW
             11.2.2 AI TECHNOLOGY INC.
                        TABLE 219 AI TECHNOLOGY INC.: BUSINESS OVERVIEW
             11.2.3 BEYOND INDUSTRIES (CHINA) LIMITED
                        TABLE 220 BEYOND INDUSTRIES (CHINA) LIMITED: BUSINESS OVERVIEW
             11.2.4 BOYD CORPORATION
                        TABLE 221 BOYD CORPORATION: BUSINESS OVERVIEW
             11.2.5 CIAT GROUP (CRISTOPIA ENERGY SYSTEMS)
                        TABLE 222 CIAT GROUP (CRISTOPIA ENERGY SYSTEMS): BUSINESS OVERVIEW
             11.2.6 CRYOPAK INDUSTRIES INC.
                        TABLE 223 CRYOPAK INDUSTRIES INC: BUSINESS OVERVIEW
             11.2.7 DATUM PHASE CHANGE LIMITED
                        TABLE 224 DATUM PHASE CHANGE LIMITED: BUSINESS OVERVIEW
             11.2.8 GLOBAL-E-SYSTEMS EUROPE BV
                        TABLE 225 GLOBAL-E-SYSTEMS EUROPE BV: BUSINESS OVERVIEW
             11.2.9 INSOLCORP INC.
                        TABLE 226 INSOLCORP INC: BUSINESS OVERVIEW
             11.2.10 IOLITEC-IONIC LIQUIDS TECHNOLOGIES GMBH
                        TABLE 227 IOLITEC-IONIC LIQUIDS TECHNOLOGIES GMBH: BUSINESS OVERVIEW
             11.2.11 KAPLAN ENERGY SAS
                        TABLE 228 KAPLAN ENERGY SAS: BUSINESS OVERVIEW
             11.2.12 PARKER HANNIFIN CORP.
                        TABLE 229 PARKER HANNIFIN CORP.: BUSINESS OVERVIEW
             11.2.13 SALCA BV
                        TABLE 230 SALCA BV: BUSINESS OVERVIEW
             11.2.14 SHENZEN AOCHUAN TECHNOLOGY CO., LTD.
                        TABLE 231 SHENZEN AOUCHUAN TECHNOLOGY CO. LTD.: BUSINESS OVERVIEW
             11.2.15 SHIN-ETSU CHEMICAL CO., LTD
                        TABLE 232 SHIN-ETSU CHEMICAL CO., LTD: BUSINESS OVERVIEW
             11.2.16 TEAPPCM
                        TABLE 233 TEAPPCM: BUSINESS OVERVIEW
             11.2.17 ENCAPSYS LLC
                        TABLE 234 ENCAPSYS LLC: BUSINESS OVERVIEW
             11.2.18 COOLCOMPOSITE INC.
                        TABLE 235 COOLCOMPOSITE INC.: BUSINESS OVERVIEW
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies. 

12 ADJACENT & RELATED MARKETS (Page No. - 243)
     12.1 INTRODUCTION
     12.2 LIMITATION
     12.3 THERMAL ENERGY STORAGE MARKET
             12.3.1 MARKET DEFINITION
             12.3.2 MARKET OVERVIEW
     12.4 THERMAL ENERGY STORAGE MARKET, REGION
             TABLE 236 THERMAL ENERGY STORAGE MARKET, CAPACITY, BY REGION, 2018–2025 (MWH)
             TABLE 237 THERMAL ENERGY STORAGE MARKET, BY REGION, 2018–2025 (USD THOUSAND)
             12.4.1 EUROPE
                        12.4.1.1 By country
                                     TABLE 238 EUROPE THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018–2025 (USD THOUSAND)
             12.4.2 AMERICAS
                        12.4.2.1 By country
                                     TABLE 239 AMERICAS: THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018–2025 (USD THOUSAND)
             12.4.3 MIDDLE EAST & AFRICA
                        12.4.3.1 By country
                                     TABLE 240 MIDDLE EAST & AFRICA: THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018–2025 (USD THOUSAND)
             12.4.4 ASIA PACIFIC
                        12.4.4.1 By country
                                     TABLE 241 ASIA PACIFIC: THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018–2025 (USD THOUSAND)

13 APPENDIX (Page No. - 247)
     13.1 DISCUSSION GUIDE
     13.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL
     13.3 AVAILABLE CUSTOMIZATIONS
     13.4 RELATED REPORTS
     13.5 AUTHOR DETAILS

The study involved four major activities in estimating the market size for the phase change material market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Post that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.

Secondary Research

Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold standard & silver standard websites such as Factiva, ICIS, Bloomberg, and others. Findings of this study were verified through primary research by conducting extensive interviews with key officials such as CEOs, VPs, directors, and other executives.

Primary Research

The phase change material market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. The demand side of this market is characterized by the development of construction, electronics, textile, HVAC and other industries. The supply side is characterized by advancements in technology and diverse application industries. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

Phase Change Material Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the phase change material market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

The key players in the industry were identified through extensive secondary research.

  • The industry’s supply chain and market size, in terms of value, were determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size-using the market size estimation processes as explained above-the market was split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation, and market breakdown procedures were employed, wherever applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the construction, oil& gas, automotive, electronics, healthcare, textile industry among others.

Report Objectives

  • To analyze and forecast the size of the phase change material market in terms of value and volume
  • To provide detailed information regarding key factors, such as drivers, restraints, challenges and opportunities influencing the growth of the market
  • To define, describe, and segment the phase change material market based on type, and application.  
  • To forecast the size of the market segments for regions such as North America, Europe, Asia Pacific and Rest of the World.  
  • To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contribution to the overall market
  • To identify and analyze opportunities for stakeholders in the market
  • To strategically profile key players and comprehensively analyze their core competencies

Available Customizations

Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Regional Analysis

  • Further breakdown of a region with respect to a particular country or additional type

Company Information

  • Detailed analysis and profiles of additional market players (up to five)
Report Code
AD 2999
Published ON
Feb, 2022
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