Phase Change Material Market

Phase Change Material Market by Type(Organic, Inorganic), Application (Building & Construction, HVAC, Cold Chain & Packaging, Thermal Energy Storage, Textile, Electronics), Region - Global Forecast to 2025

Report Code: AD 2999 Oct, 2020, by marketsandmarkets.com

[219 Pages Report] The phase change material (PCM) market size is projected to reach USD 889 million by 2025 from USD 423 million in 2020, at a CAGR of 16.0%. The growth of the market is driven by the regulation to reduce greenhouse gas emissions and the use of PCM for temperature control and greater comfort. In addition, the use of PCM for peak-load shifting is another factor driving its growth.

Phase Change Material Market

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Impact of COVID-19 on PCM market.

The global pandemic has affected almost every sector in the world economy. The PCM market in the building & construction application is estimated to be negatively affected due to the disturbances in the global supply chain. The market is highly dependent on the growth in the building & construction and HVAC sectors. China is the major market for manufacturing and construction in the world. Strict lockdowns in the country’s major provinces has affected construction activities in China. The demand for PCM has declined during the first quarter of this year in the building & construction and HVAC sectors majorly due to the outbreak of the COVID-19 pandemic.

Europe is among the largest producers and consumers of PCM. The second wave of coronavirus has affected European countries and led to a decline in building & construction activities in the region, leading to the decline in the consumption of PCM in the building & construction sector. North America is also significantly affected by COVID-19; hence countries such as the US, Canada, Italy, and Spain are expected to be affected by economic recession during the next two to three years. The demand for advanced PCM has contracted during the first two quarters of 2020 due to the COVID-19 pandemic in the building & construction and HVAC applications.

Regulations for the reduction of greenhouse gas emissions

Global warming and changing climate patterns are major environmental concerns. The European Union (EU) plans to reduce greenhouse gas emissions by 20% by 2020 and by 40% by 2030, with new environment-friendly technologies being required to achieve this objective. The use of advanced PCM is expected to reduce the demand for coolers and heaters, and subsequently lower the demand for electricity. Through incorporating advanced PCM in applications such as building and HVAC, companies now have the potential to earn 10–20 times more carbon credits than available through using other green insulating materials.

Strict regulations are implemented for controlling emissions that are increasingly affecting the atmosphere. The Kyoto Protocol to the United Nations Framework Convention on Climate Change (UNFCCC) was adopted by 191 countries (all UN members, except Andorra, Canada, South Sudan, and the US) in 1997, and was enforced in 2005. This protocol categorizes the countries and binds them with carbon emission targets. The US included its initiatives to reduce greenhouse gas emissions through its Fourth US Climate Action Report (USCAR) to the UNFCCC.

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 advanced PCM in buildings that reduces 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 requirement 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 future, the impact is expected to be high as most countries are expected to reduce carbon emissions due to increasing environmental concerns.

Technological advancements leading to innovation

Technological advancements create an opportunity for the growth of the phase change material market. Europe and North America are characterized by extensive experience and knowledge in the phase change material market. The market is experiencing rapid growth in emerging economies. Advanced technologies and innovation in technologies, coupled with the application of new systems, are driving the demand for improved products in both developed and developing countries. Some of the major players investing in R&D are Croda International Plc. (UK) and PureTemp LLC (US).

Phase Change Material Market  by Region

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Europe to account for the largest share of the global PCM market during the forecast period

Europe is expected to account for the largest market share in PCM during the forecast period, in terms of value and volume. This is owing to the increasing demand for PCM in applications such as cold chain & packaging and building & construction in the region. Moreover, the presence of stringent regulations regarding the reduction of greenhouse gas emission (GHG) is another factor leading to its growth.

Phase Change Materials ecosystem

Phase Change Material Market  by Region

Key Market Players

The key market players profiled in the report include as Climator Sweden AB (Sweden), Microtek Laboratories Inc. (US), Honeywell Electronic Materials, Inc. (US), Laird Plc (UK), Sasol Limited (South Africa), Croda International Plc. (UK), Entropy Solutions LLC (US), Pluss Advanced Technologies Pvt. Ltd. (India), Phase Change Energy Solutions Inc. (US), Rubitherm Technologies GmbH (Germany), Phase Change Materials Product Ltd. (UK), Outlast Technologies LLC (US), and Henkel Electronic Materials LLC (US).

Croda International Plc is one of the leading manufacturers of PCM globally. The company offers 100% USDA certified bio-based and designed by a dedicated team of scientists from the global PCM innovation center, in Gouda, Netherlands. Innovation as per customer needs and trained local sales team are a few other strategies the company adopts to strengthen its PCM market. It focusses on new product launches, acquisitions, and expansions to remain competitive in phase change materials market. In March 2019, the company launched two new bio-based phase change materials, namely CrodaTherm 32 and CrodaTherm 37. These two new products provide high latent heat, narrow melting and crystallization points, and high cycle stability. In July 2019, the company launched a microencapsulated form of bio-based phase change material. This product can control temperatures in bedding, mattresses, automotive interiors, clothing, and other applications.

PureTemp LLC focuses on the production of organic PCMs, which are bio-based in nature. PureTemp was the first company in 2007 to begin producing 100% renewable phase change materials. These phase change materials are derived from sustainable sources such as animal fat and plant oil and are non-toxic and biodegradable. It focuses on new product developments in order to remain competitive in the phase change materials market. For instance, in January 2019, the company launched a temperature-control fabric coating to control ambient temperature swings in apparel, footwear, bedding, safety, medical, workwear, and industrial applications.

Recent Developments:

  • In April 2020, Rubitherm Technologies launched a new ventilation PCM, PhaseCube.
  • In November, 2019 Microtek Laboratories launched an acrylic PCM, Fibratek, for the textile industry.
  • In March 2019, Croda International introduced two new bio-based PCMs, CrodaTherm 32 and CrodaTherm 37. These two new products provide high latent heat, narrow melting and crystallization points, and high cycle stability.
  • 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 February 2019, Rubitherm Technologies launched RT54HC, a new heat storage material.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 23)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
           1.2.1 ADVANCED PHASE CHANGE MATERIAL: MARKET DEFINITION
    1.3 MARKET SCOPE
           1.3.1 MARKETS COVERED
                    FIGURE 1 ADVANCED PCM: MARKET SEGMENTATION
           1.3.2 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 PACKAGE SIZE
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 27)
    2.1 RESEARCH DATA
           FIGURE 2 PCM MARKET: RESEARCH APPROACH
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Primary interviews – demand- and supply-side
                    2.1.2.3 Breakdown of primary interviews
    2.2 BASE NUMBER CALCULATION
           2.2.1 SUPPLY-SIDE APPROACH
                    FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY FROM SUPPLY-SIDE
           2.2.2 DEMAND-SIDE APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY FROM DEMAND-SIDE
    2.3 FORECAST NUMBER CALCULATION
           2.3.1 SUPPLY SIDE
           2.3.2 DEMAND SIDE
    2.4 MARKET SIZE ESTIMATION
           2.4.1 BOTTOM-UP APPROACH
           2.4.2 TOP-DOWN APPROACH
    2.5 DATA TRIANGULATION
           FIGURE 5 ADVANCED PCM MARKET: DATA TRIANGULATION
    2.6 ASSUMPTIONS
    2.7 FACTOR ANALYSIS
           2.7.1 ADVANCED PCM MARKET: IMPACTING FACTORS
    2.8 LIMITATIONS & RISKS ASSOCIATED WITH THE PCM MARKET

3 EXECUTIVE SUMMARY (Page No. - 38)
    3.1 ADVANCED PCM MARKET: REALISTIC, PESSIMISTIC, OPTIMISTIC, AND PRE-COVID-19 SCENARIOS
           3.1.1 NON-COVID-19 SCENARIO
           3.1.2 OPTIMISTIC SCENARIO
           3.1.3 PESSIMISTIC SCENARIO
           3.1.4 REALISTIC SCENARIO
                    FIGURE 6 INORGANIC PCM WAS THE DOMINANT SEGMENT OF THE ADVANCED PCM MARKET IN 2019
                    FIGURE 7 COLD CHAIN & PACKAGING APPLICATION PROJECTED TO GROW AT THE HIGHEST CAGR IN THE ADVANCED PCM MARKET BETWEEN 2020 AND 2025
                    FIGURE 8 NORTH AMERICA IS PROJECTED TO GROW AT THE HIGHEST CAGR IN THE ADVANCED PCM MARKET BETWEEN 2020 AND 2025

4 PREMIUM INSIGHTS (Page No. - 43)
    4.1 SIGNIFICANT OPPORTUNITIES IN THE ADVANCED PCM MARKET
           FIGURE 9 ATTRACTIVE GROWTH OPPORTUNITIES IN THE ADVANCED PCM MARKET, 2020–2025
    4.2 ADVANCED PCM MARKET, BY REGION, 2020–2025
           FIGURE 10 EUROPE IS PROJECTED TO BE THE LARGEST MARKET FOR ADVANCED PCM BETWEEN 2020 AND 2025
    4.3 ADVANCED PCM MARKET IN EUROPE, BY APPLICATION AND COUNTRY
           FIGURE 11 UK ACCOUNTED FOR THE LARGEST SHARE OF THE EUROPEAN ADVANCED PCM MARKET IN 2019
    4.4 ADVANCED PCM MARKET, BY TYPE
           FIGURE 12 EUROPE ACCOUNTED FOR THE LARGEST SHARE OF THE INORGANIC PCM MARKET IN 2019

5 MARKET OVERVIEW (Page No. - 45)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS OF ADVANCED PCM
           FIGURE 13 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN THE ADVANCED PCM MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Regulations for the reduction of greenhouse gas emissions
                               TABLE 1 REGION-WISE ENVIRONMENTAL NORMS: REGULATIONS DRIVING GROWTH OF THE ADVANCED PCM MARKET
                    5.2.1.2 Use of advanced PCM for temperature control and greater comfort
                               FIGURE 14 A COMPARISON BETWEEN TEMPERATURES WITH AND WITHOUT THE USE OF ADVANCED PCM
                    5.2.1.3 Use of advanced PCM for peak-load shifting
                    5.2.1.4 Energy saving
                    5.2.1.5 Reduction in operating cost
                    5.2.1.6 Temperature security
                    5.2.1.7 Technical drivers
                               5.2.1.7.1 Wide range of melting temperatures
                                             TABLE 2 ADVANCED PCM APPLICATIONS WITH RESPECT TO THEIR TEMPERATURE
                               5.2.1.7.2 Availability of advanced PCM in various grades
                                             TABLE 3 TYPES AND FORMS OF ADVANCED PCM
                               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 15 HEAT CAPACITY OF ADVANCED PCM VS. OTHER INSULATING MATERIALS
           5.2.2 RESTRAINTS
                    5.2.2.1 Flammability
                    5.2.2.2 Lack of government subsidies
                    5.2.2.3 Corrosion
                    5.2.2.4 Lack of awareness
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Rising need for cold chain logistics
                    5.2.3.2 R&D initiatives for enhanced advanced PCM efficiency
                               FIGURE 16 GLOBAL R&D INITIATIVES TO INCREASE THE EFFICIENCY OF ADVANCED PCM
           5.2.4 CHALLENGES
                    5.2.4.1 Cost of switching
    5.3 PORTER’S FIVE FORCES ANALYSIS
           FIGURE 17 PORTER’S FIVE FORCES ANALYSIS: ADVANCED PCM MARKET
           5.3.1 THREAT OF NEW ENTRANTS
           5.3.2 THREAT OF SUBSTITUTES
           5.3.3 BARGAINING POWER OF BUYERS
           5.3.4 BARGAINING POWER OF SUPPLIERS
           5.3.5 INTENSITY OF COMPETITIVE RIVALRY
    5.4 POLICIES & REGULATIONS
           5.4.1 EUROPE
                    5.4.1.1 EU Directive 2002/91/EC regarding the Energy Performance of Buildings
                    5.4.1.2 EPA–EU Emissions Trading Scheme
                    5.4.1.3 UK–Energy Performance Certificate
           5.4.2 THE AMERICAS
                    5.4.2.1 EPA – Emission Reduction Goal
                    5.4.2.2 CCME – Emission Reduction Goal
                    5.4.2.3 Procuradurνa Federal de Protecciσn al Ambiente(PROFEPA) – Emission Reduction Goal
           5.4.3 ASIA PACIFIC
                    5.4.3.1 Japan Central Government – Kyoto Protocol
                    5.4.3.2 Chinese Central Government – Emission Reduction Goal
                    5.4.3.3 Australia Central Government – Emission Reduction Goal
    5.5 AVERAGE SELLING PRICE
           TABLE 4 AVERAGE SELLING PRICE OF ADVANCED PCM, BY TYPE, 2018-2025 (USD/KG)
    5.6 MACROECONOMIC INDICATORS
           5.6.1 GDP TRENDS AND FORECAST OF MAJOR ECONOMIES
                    TABLE 5 REAL GDP GROWTH RATE, BY MAJOR ECONOMY, 2018–2025
           5.6.2 IMPACT OF COVID-19 ON THE CONSTRUCTION INDUSTRY AND ITS IMPACT ON THE ADVANCED PCM MARKET
                    FIGURE 18 GDP GROWTH RATE, BY KEY COUNTRIES, 2020
    5.7 VALUE CHAIN ANALYSIS
           FIGURE 19 VALUE CHAIN ANALYSIS OF ADVANCED PCM
           5.7.1 RAW MATERIALS/SOURCE OF RAW MATERIALS
           5.7.2 MANUFACTURING
           5.7.3 FINAL PRODUCT
           5.7.4 DISTRIBUTION
           5.7.5 APPLICATION
    5.8 SHIFT IN REVENUE STREAMS DUE TO MEGATRENDS IN END-USE INDUSTRIES
           FIGURE 20 ADVANCED PCM MARKET: CHANGING REVENUE MIX
    5.9 CONNECTED MARKET: ECOSYSTEM
           FIGURE 21 ADVANCED PCM MARKET: ECOSYSTEM
    5.1 CASE STUDY
           FIGURE 22 MARKET ASSESSMENT OF PARAFFIN-BASED ADVANCED PCM FOR THE ASIA PACIFIC
    5.11 PATENTS ANALYSIS
                    TABLE 6 SOME OF THE PATENTS IN THE ADVANCED PCM MARKET
    5.12 TECHNOLOGY ANALYSIS
                    TABLE 7 SOME OF THE TECHNOLOGICAL DEVELOPMENTS IN ADVANCED PCM MARKET

6 ADVANCED PCM MARKET, BY TYPE (Page No. - 65)
    6.1 INTRODUCTION
           FIGURE 23 INORGANIC PCM PROJECTED TO DOMINATE THE ADVANCED PCM MARKET BETWEEN 2020 AND 2025
           TABLE 8 COMPARATIVE ANALYSIS OF DIFFERENT TYPES OF ADVANCED PCM
           TABLE 9 ADVANCED PCM TYPE, BY APPLICATION
           TABLE 10 ADVANCED PCM MARKET SIZE, BY TYPE, 2016-2019 (USD MILLION)
           TABLE 11 ADVANCED PCM MARKET SIZE, BY TYPE, 2020-2025 (USD MILLION)
           TABLE 12 ADVANCED PCM MARKET SIZE, BY TYPE, 2016-2019 (TON)
           TABLE 13 ADVANCED PCM MARKET SIZE, BY TYPE, 2020-2025 (TON)
    6.2 INORGANIC PCM
           6.2.1 THE INFLAMMABLE NATURE OF INORGANIC PCMS TO DRIVE ITS DEMAND DURING THE FORECAST PERIOD
                    TABLE 14 LEADING COMPANIES PRODUCING INORGANIC PCM
                    TABLE 15 LIST OF INORGANIC PCM MATERIALS ALONG WITH THEIR PROPERTIES
                    FIGURE 24 EUROPE IS PROJECTED TO BE THE LARGEST INORGANIC PCM MARKET DURING THE FORECAST PERIOD
                    TABLE 16 INORGANIC PCM MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 17 INORGANIC PCM MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 18 INORGANIC PCM MARKET SIZE, BY REGION, 2016–2019 (TON)
                    TABLE 19 INORGANIC PCM MARKET SIZE, BY REGION, 2020–2025 (TON)
    6.3 ORGANIC PCM
           6.3.1 PARAFFINS ARE THE WIDELY USED ORGANIC PCMS
           6.3.2 BIO-BASED PCM
                    TABLE 20 LEADING COMPANIES MANUFACTURING ORGANIC PCM
                    TABLE 21 LEADING COMPANIES PRODUCING BIO-BASED PCM
                    FIGURE 25 EUROPE IS PROJECTED TO BE THE LARGEST ORGANIC PCM MARKET BETWEEN 2020 AND 2025
                    TABLE 22 ORGANIC PCM MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 23 ORGANIC PCM MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 24 ORGANIC PCM MARKET SIZE, BY REGION, 2016–2019 (TON)
                    TABLE 25 ORGANIC PCM MARKET SIZE, BY REGION, 2020–2025 (TON)
                    TABLE 26 ORGANIC PCM MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 27 ORGANIC PCM MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 28 ORGANIC PCM MARKET SIZE, BY TYPE, 2016–2019 (TON)
                    TABLE 29 ORGANIC PCM MARKET SIZE, BY TYPE, 2020–2025 (TON)
                    TABLE 30 LIST OF NON-PARAFFIN BASED ORGANIC PCM MATERIALS ALONG WITH THEIR PROPERTIES
                    TABLE 31 LIST OF PARAFFIN-BASED ORGANIC PCM MATERIALS ALONG WITH THEIR PROPERTIES

7 ADVANCED PCM MARKET, BY APPLICATION (Page No. - 78)
    7.1 INTRODUCTION
           FIGURE 26 COLD CHAIN & PACKAGING PROJECTED TO LEAD THE ADVANCED PCM MARKET DURING THE FORECAST PERIOD
           TABLE 32 ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
           TABLE 33 ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
           TABLE 34 ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
           TABLE 35 ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (TON)
    7.2 COLD CHAIN & PACKAGING
           7.2.1 THE NEED TO TRANSPORT TEMPERATURE-SENSITIVE GOODS TO DRIVE DEMAND FOR ADVANCED PCMS
                    FIGURE 27 EUROPE IS PROJECTED TO BE THE LARGEST MARKET FOR ADVANCED PCM IN THE COLD CHAIN & PACKAGING APPLICATION BETWEEN 2020 AND 2025
                    TABLE 36 ADVANCED PCM MARKET SIZE IN COLD CHAIN & PACKAGING APPLICATION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 37 ADVANCED PCM MARKET SIZE IN COLD CHAIN & PACKAGING APPLICATION, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 38 ADVANCED PCM MARKET SIZE IN THE COLD CHAIN & PACKAGING APPLICATION, BY REGION, 2016-2019 (TON)
                    TABLE 39 ADVANCED PCM MARKET SIZE IN THE COLD CHAIN & PACKAGING APPLICATION, BY REGION, 2020–2025 (TON)
    7.3 BUILDING & CONSTRUCTION
           7.3.1 THE NEED FOR TEMPERATURE CONTROL IN BUILDING & CONSTRUCTION TO DRIVE DEMAND FOR ADVANCED PCMS
                    FIGURE 28 EUROPE IS PROJECTED TO BE THE LARGEST MARKET FOR ADVANCED PCM IN THE BUILDING & CONSTRUCTION APPLICATION BETWEEN 2020 AND 2025
                    TABLE 40 ADVANCED PCM MARKET SIZE IN BUILDING & CONSTRUCTION APPLICATION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 41 ADVANCED PCM MARKET SIZE IN BUILDING & CONSTRUCTION APPLICATION, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 42 ADVANCED PCM MARKET SIZE IN THE BUILDING & CONSTRUCTION APPLICATION, BY REGION, 2016–2019 (TON)
                    TABLE 43 ADVANCED PCM MARKET SIZE IN THE BUILDING & CONSTRUCTION APPLICATION, BY REGION, 2020–2025 (TON)
    7.4 HVAC
           7.4.1 THE NEED FOR INTELLIGENT HEATING AND COOLING SYSTEMS TO DRIVE THE DEMAND FOR ADVANCED PCMS
                    FIGURE 29 FUNCTION OF ADVANCED PCM IN REDUCING PEAK LOAD
                    FIGURE 30 EUROPE IS PROJECTED TO BE THE LARGEST MARKET FOR ADVANCED PCM IN THE HVAC APPLICATION BETWEEN 2020 AND 2025
                    TABLE 44 ADVANCED PCM MARKET SIZE IN HVAC APPLICATION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 45 ADVANCED PCM MARKET SIZE IN HVAC APPLICATION, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 46 ADVANCED PCM MARKET SIZE IN HVAC APPLICATION, BY REGION, 2016–2019 (TON)
                    TABLE 47 ADVANCED PCM MARKET SIZE IN HVAC APPLICATION, BY REGION, 2020–2025 (TON)
    7.5 THERMAL ENERGY STORAGE (TES)
           7.5.1 THE USE OF ADVANCED PCMS FOR STORING RENEWABLE ENERGY TO DRIVE DEMAND IN THE TES APPLICATION
           7.5.2 BOILER/ POWER PLANT
           7.5.3 SOLAR ENERGY STORAGE
                    TABLE 48 COMMERCIALLY AVAILABLE ADVANCED PCMS FOR SOLAR ENERGY STORAGE
           7.5.4 GEOTHERMAL ENERGY STORAGE
                    FIGURE 31 EUROPE IS PROJECTED TO BE THE LARGEST MARKET FOR ADVANCED PCM IN THE TES APPLICATION BETWEEN 2020 AND 2025
                    TABLE 49 ADVANCED PCM MARKET SIZE IN TES APPLICATION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 50 ADVANCED PCM MARKET SIZE IN TES APPLICATION, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 51 ADVANCED PCM MARKET SIZE IN TES APPLICATION, BY REGION, 2016–2019 (TON)
                    TABLE 52 ADVANCED PCM MARKET SIZE IN TES APPLICATION, BY REGION, 2020–2025 (TON)
    7.6 REFRIGERATION & EQUIPMENT
           7.6.1 THE INCREASING USE OF CHILLERS, PASSIVE SHIPPERS, AND ACTIVE COMPRESSOR UNITS TO DRIVE THE DEMAND FOR ADVANCED PCMS
           7.6.2 FIXED REFRIGERATION
                    FIGURE 32 EUROPE IS PROJECTED TO BE THE LARGEST MARKET FOR ADVANCED PCM IN THE REFRIGERATION & EQUIPMENT APPLICATION BETWEEN 2020 AND 2025
                    TABLE 53 ADVANCED PCM MARKET SIZE IN THE REFRIGERATION & EQUIPMENT APPLICATION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 54 ADVANCED PCM MARKET SIZE IN THE REFRIGERATION & EQUIPMENT APPLICATION, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 55 ADVANCED PCM MARKET SIZE IN THE REFRIGERATION & EQUIPMENT APPLICATION, BY REGION, 2016–2019 (TON)
                    TABLE 56 ADVANCED PCM MARKET SIZE IN THE REFRIGERATION & EQUIPMENT APPLICATION, BY REGION, 2020–2025 (TON)
    7.7 TEXTILES
           7.7.1 THE DEMAND FOR PCMS IN TEXTILES IS INCREASING OWING TO THE NEED FOR THERMO-PHYSICAL COMFORT
           7.7.2 INCORPORATION OF ADVANCED PCM IN TEXTILES
                    FIGURE 33 EUROPE PROJECTED TO BE THE LARGEST MARKET FOR ADVANCED PCM IN THE TEXTILE APPLICATION BETWEEN 2020 AND 2025
                    TABLE 57 ADVANCED PCM MARKET SIZE IN TEXTILES APPLICATION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 58 ADVANCED PCM MARKET SIZE IN TEXTILES APPLICATION, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 59 ADVANCED PCM MARKET SIZE IN THE TEXTILES APPLICATION, BY REGION, 2016–2019 (TON)
                    TABLE 60 ADVANCED PCM MARKET SIZE IN THE TEXTILES APPLICATION, BY REGION, 2020–2025 (TON)
    7.8 ELECTRONICS
           7.8.1 THE USE OF ADVANCED PCMS FOR THERMAL MANAGEMENT IN ELECTRONIC ITEMS TO DRIVE DEMAND
           7.8.2 PHASE CHANGE MEMORY (PCRAM)
                    TABLE 61 COMPARATIVE ANALYSIS: DIFFERENT MEMORY TYPES
           7.8.3 THERMAL INTERFACE MATERIAL (TIM)
                    FIGURE 34 EUROPE PROJECTED TO BE THE LARGEST MARKET FOR ADVANCED PCM IN THE ELECTRONICS APPLICATION BETWEEN 2020 AND 2025
                    TABLE 62 ADVANCED PCM MARKET SIZE IN THE ELECTRONICS APPLICATION, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 63 ADVANCED PCM MARKET SIZE IN THE ELECTRONICS APPLICATION, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 64 ADVANCED PCM MARKET SIZE IN THE ELECTRONICS APPLICATION, BY REGION, 2016–2019 (TON)
                    TABLE 65 ADVANCED PCM MARKET SIZE IN THE ELECTRONICS APPLICATION, BY REGION, 2020–2025 (TON)
    7.9 OTHERS
           7.9.1 AUTOMOTIVE
           7.9.2 HEALTHCARE
           7.9.3 TELECOMMUNICATION
                    FIGURE 35 EUROPE PROJECTED TO BE THE LARGEST MARKET FOR THE OTHER APPLICATIONS OF ADVANCED PCM BETWEEN 2020 AND 2025
                    TABLE 66 ADVANCED PCM MARKET SIZE IN THE OTHER APPLICATIONS, BY REGION, 2016–2019 (USD MILLION)
                    TABLE 67 ADVANCED PCM MARKET SIZE IN THE OTHER APPLICATIONS, BY REGION, 2020–2025 (USD MILLION)
                    TABLE 68 ADVANCED PCM MARKET SIZE IN THE OTHER APPLICATIONS, BY REGION, 2016–2019 (TON)
                    TABLE 69 ADVANCED PCM MARKET SIZE IN THE OTHER APPLICATIONS, BY REGION, 2020–2025 (TON)

8 ADVANCED PCM MARKET, BY REGION (Page No. - 103)
    8.1 INTRODUCTION
           TABLE 70 ADVANCED PCM MARKET SIZE, BY REGION, 2016–2019 (USD MILLION)
           TABLE 71 ADVANCED PCM MARKET SIZE, BY REGION, 2020–2025 (USD MILLION)
           TABLE 72 ADVANCED PCM MARKET SIZE, BY REGION, 2016–2019 (TON)
           TABLE 73 ADVANCED PCM MARKET SIZE, BY REGION, 2020–2025 (TON)
           FIGURE 36 THE US IS PROJECTED TO BE THE FASTEST-GROWING MARKET DURING THE FORECAST PERIOD
    8.2 EUROPE
           FIGURE 37 EUROPEAN ADVANCED PCM MARKET SNAPSHOT: UK TO GROW AT THE HIGHEST CAGR BETWEEN 2020 AND 2025
           TABLE 74 EUROPE: ADVANCED PCM MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
           TABLE 75 EUROPE: ADVANCED PCM MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
           TABLE 76 EUROPE: ADVANCED PCM MARKET SIZE, BY COUNTRY, 2016–2019 (TON)
           TABLE 77 EUROPE: ADVANCED PCM MARKET SIZE, BY COUNTRY, 2020–2025 (TON)
           TABLE 78 EUROPE: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
           TABLE 79 EUROPE: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
           TABLE 80 EUROPE: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (TON)
           TABLE 81 EUROPE: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (TON)
           TABLE 82 EUROPE: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
           TABLE 83 EUROPE: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
           TABLE 84 EUROPE: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
           TABLE 85 EUROPE: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (TON)
           8.2.1 GERMANY
                    8.2.1.1 Energy Conservation Ordinance to drive the demand for advanced PCMs
                               TABLE 86 GERMANY: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                               TABLE 87 GERMANY: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
                               TABLE 88 GERMANY: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (TON)
                               TABLE 89 GERMANY: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (TON)
                               TABLE 90 GERMANY: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 91 GERMANY: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                               TABLE 92 GERMANY: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                               TABLE 93 GERMANY: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (TON)
           8.2.2 UK
                    8.2.2.1 Prevalence of cold temperature to drive the advanced PCM market
                               TABLE 94 UK: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                               TABLE 95 UK: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
                               TABLE 96 UK: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (TON)
                               TABLE 97 UK: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (TON)
                               TABLE 98 UK: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 99 UK: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                               TABLE 100 UK: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                               TABLE 101 UK: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (TON)
           8.2.3 FRANCE
                    8.2.3.1 France is the third-largest market for advanced PCM in Europe
                               TABLE 102 FRANCE: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                               TABLE 103 FRANCE: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
                               TABLE 104 FRANCE: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (TON)
                               TABLE 105 FRANCE: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (TON)
                               TABLE 106 FRANCE: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 107 FRANCE: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                               TABLE 108 FRANCE: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                               TABLE 109 FRANCE: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (TON)
           8.2.4 THE NETHERLANDS
                    8.2.4.1 Stringent building codes in the country to drive demand for advanced PCMs
                               TABLE 110 THE NETHERLANDS: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                               TABLE 111 THE NETHERLANDS: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
                               TABLE 112 THE NETHERLANDS: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (TON)
                               TABLE 113 THE NETHERLANDS: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (TON)
                               TABLE 114 THE NETHERLANDS: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 115 THE NETHERLANDS: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                               TABLE 116 THE NETHERLANDS: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                               TABLE 117 THE NETHERLANDS: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (TON)
           8.2.5 REST OF EUROPE
                    TABLE 118 REST OF EUROPE: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 119 REST OF EUROPE: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 120 REST OF EUROPE: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (TON)
                    TABLE 121 REST OF EUROPE: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (TON)
                    TABLE 122 REST OF EUROPE: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 123 REST OF EUROPE: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    TABLE 124 REST OF EUROPE: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                    TABLE 125 REST OF EUROPE: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (TON)
    8.3 NORTH AMERICA
           FIGURE 38 NORTH AMERICAN ADVANCED PCM MARKET SNAPSHOT: US PROJECTED TO GROW AT A HIGH CAGR DURING THE FORECAST PERIOD
           TABLE 126 NORTH AMERICA: ADVANCED PCM MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
           TABLE 127 NORTH AMERICA: ADVANCED PCM MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
           TABLE 128 NORTH AMERICA: ADVANCED PCM MARKET SIZE, BY COUNTRY, 2016–2019 (TON)
           TABLE 129 NORTH AMERICA: ADVANCED PCM MARKET SIZE, BY COUNTRY, 2020–2025 (TON)
           TABLE 130 NORTH AMERICA: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
           TABLE 131 NORTH AMERICA: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
           TABLE 132 NORTH AMERICA: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (TON)
           TABLE 133 NORTH AMERICA: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (TON)
           TABLE 134 NORTH AMERICA: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
           TABLE 135 NORTH AMERICA: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
           TABLE 136 NORTH AMERICA: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
           TABLE 137 NORTH AMERICA: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (TON)
           8.3.1 US
                    8.3.1.1 The presence of major manufacturers in the country and rising awareness about advanced PCM products to drive demand
                               TABLE 138 US: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                               TABLE 139 US: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
                               TABLE 140 US: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (TON)
                               TABLE 141 US: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (TON)
                               TABLE 142 US: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 143 US: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                               TABLE 144 US: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                               TABLE 145 US: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (TON)
           8.3.2 THE REST OF NORTH AMERICA
                    TABLE 146 THE REST OF NORTH AMERICA: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 147 THE REST OF NORTH AMERICA: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 148 THE REST OF NORTH AMERICA: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (TON)
                    TABLE 149 THE REST OF NORTH AMERICA: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (TON)
                    TABLE 150 THE REST OF NORTH AMERICA: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 151 THE REST OF NORTH AMERICA: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    TABLE 152 THE REST OF NORTH AMERICA: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                    TABLE 153 THE REST OF NORTH AMERICA: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (TON)
    8.4 ASIA PACIFIC
           FIGURE 39 ASIA PACIFIC ADVANCED PCM MARKET SNAPSHOT: CHINA PROJECTED TO GROW SIGNIFICANTLY DURING THE FORECAST PERIOD
           TABLE 154 ASIA PACIFIC: ADVANCED PCM MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION)
           TABLE 155 ASIA PACIFIC: ADVANCED PCM MARKET SIZE, BY COUNTRY, 2020–2025 (USD MILLION)
           TABLE 156 ASIA PACIFIC: ADVANCED PCM MARKET SIZE, BY COUNTRY, 2016–2019 (TON)
           TABLE 157 ASIA PACIFIC: ADVANCED PCM MARKET SIZE, BY COUNTRY, 2020–2025 (TON)
           TABLE 158 ASIA PACIFIC: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
           TABLE 159 ASIA PACIFIC: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
           TABLE 160 ASIA PACIFIC: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (TON)
           TABLE 161 ASIA PACIFIC: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (TON)
           TABLE 162 ASIA PACIFIC: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
           TABLE 163 ASIA PACIFIC: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
           TABLE 164 ASIA PACIFIC: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
           TABLE 165 ASIA PACIFIC: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (TON)
           8.4.1 CHINA
                    8.4.1.1 Increasing awareness about advanced PCMs to drive demand
                               TABLE 166 CHINA: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                               TABLE 167 CHINA: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
                               TABLE 168 CHINA: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (TON)
                               TABLE 169 CHINA: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (TON)
                               TABLE 170 CHINA: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 171 CHINA: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                               TABLE 172 CHINA: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                               TABLE 173 CHINA: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (TON)
           8.4.2 INDIA
                    8.4.2.1 Increasing demand for renewable energy offers significant opportunity for the growth of the advanced PCM market
                               TABLE 174 INDIA: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                               TABLE 175 INDIA: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
                               TABLE 176 INDIA: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (TON)
                               TABLE 177 INDIA: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (TON)
                               TABLE 178 INDIA: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 179 INDIA: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                               TABLE 180 INDIA: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                               TABLE 181 INDIA: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (TON)
           8.4.3 AUSTRALIA
                    8.4.3.1 Increasing renewable energy and stringent building codes to drive the demand for advanced PCMs
                               TABLE 182 AUSTRALIA: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                               TABLE 183 AUSTRALIA: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
                               TABLE 184 AUSTRALIA: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (TON)
                               TABLE 185 AUSTRALIA: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (TON)
                               TABLE 186 AUSTRALIA: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 187 AUSTRALIA: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                               TABLE 188 AUSTRALIA: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                               TABLE 189 AUSTRALIA: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (TON)
           8.4.4 SINGAPORE
                    8.4.4.1 The strong healthcare sector in the country is expected to drive the demand for advanced PCMs
                               TABLE 190 SINGAPORE: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                               TABLE 191 SINGAPORE: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
                               TABLE 192 SINGAPORE: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (TON)
                               TABLE 193 SINGAPORE: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (TON)
                               TABLE 194 SINGAPORE: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                               TABLE 195 SINGAPORE: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                               TABLE 196 SINGAPORE: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                               TABLE 197 SINGAPORE: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (TON)
           8.4.5 THE REST OF ASIA PACIFIC
                    TABLE 198 THE REST OF ASIA PACIFIC: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
                    TABLE 199 THE REST OF ASIA PACIFIC: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
                    TABLE 200 THE REST OF ASIA PACIFIC: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (TON)
                    TABLE 201 THE REST OF ASIA PACIFIC: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (TON)
                    TABLE 202 THE REST OF ASIA PACIFIC: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
                    TABLE 203 THE REST OF ASIA PACIFIC: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
                    TABLE 204 THE REST OF ASIA PACIFIC: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
                    TABLE 205 THE REST OF ASIA PACIFIC: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (TON)
    8.5 THE REST OF THE WORLD
           TABLE 206 REST OF THE WORLD: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION)
           TABLE 207 REST OF THE WORLD: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (USD MILLION)
           TABLE 208 REST OF THE WORLD: ADVANCED PCM MARKET SIZE, BY TYPE, 2016–2019 (TON)
           TABLE 209 REST OF THE WORLD: ADVANCED PCM MARKET SIZE, BY TYPE, 2020–2025 (TON)
           TABLE 210 REST OF THE WORLD: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION)
           TABLE 211 REST OF THE WORLD: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (USD MILLION)
           TABLE 212 REST OF THE WORLD: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2016–2019 (TON)
           TABLE 213 REST OF THE WORLD: ADVANCED PCM MARKET SIZE, BY APPLICATION, 2020–2025 (TON)

9 COMPETITIVE LANDSCAPE (Page No. - 162)
    9.1 OVERVIEW
    9.2 COMPETITIVE LEADERSHIP MAPPING, TIER 1 COMPANIES
           9.2.1 STAR
           9.2.2 EMERGING LEADERS
           9.2.3 PERVASIVE
           9.2.4 PARTICIPANT
                    FIGURE 40 ADVANCED PCM MARKET: COMPETITIVE LEADERSHIP MAPPING, 2019
    9.3 STRENGTH OF PRODUCT PORTFOLIO
           FIGURE 41 PRODUCT PORTFOLIO ANALYSIS OF TOP PLAYERS IN THE ADVANCED PCM MARKET
    9.4 BUSINESS STRATEGY EXCELLENCE
           FIGURE 42 BUSINESS STRATEGY EXCELLENCE OF TOP PLAYERS IN THE ADVANCED PCM MARKET
           FIGURE 43 NEW PRODUCT LAUNCHES WAS THE KEY GROWTH STRATEGY ADOPTED BY MARKET PLAYERS BETWEEN 2016 AND 2020
    9.5 COMPETITIVE LEADERSHIP MAPPING, 2019 (SMALL- AND MEDIUM-SIZED ENTERPRISES)
           9.5.1 PROGRESSIVE COMPANIES
           9.5.2 DYNAMIC COMPANIES
           9.5.3 STARTING BLOCKS
                    FIGURE 44 ADVANCED PCM MARKET (OTHER PLAYERS): COMPETITIVE LEADERSHIP MAPPING, 2019
    9.6 STRENGTH OF PRODUCT PORTFOLIO
           FIGURE 45 PRODUCT PORTFOLIO ANALYSIS OF OTHER PLAYERS IN THE ADVANCED PCM MARKET
    9.7 BUSINESS STRATEGY EXCELLENCE
           FIGURE 46 BUSINESS STRATEGY EXCELLENCE OF OTHER PLAYERS IN THE ADVANCED PCM MARKET
    9.8 MARKET SHARE ANALYSIS
           FIGURE 47 MARKET SHARE ANALYSIS OF ADVANCED PCM MANUFACTURERS, 2019
    9.9 COMPETITIVE SITUATIONS & TRENDS
           9.9.1 EXPANSIONS
                    TABLE 214 EXPANSIONS
           9.9.2 NEW PRODUCT LAUNCHES
                    TABLE 215 NEW PRODUCT LAUNCHES
           9.9.3 ACQUISITIONS
                    TABLE 216 ACQUISITIONS
           9.9.4 PARTNERSHIPS AND COLLABORATIONS
                    TABLE 217 PARTNERSHIPS

10 COMPANY PROFILES (Page No. - 174)
(Business overview, Products offered, Recent developments, Winning imperatives, Current focus and Strategies, Threat from competition & Right to win)*
     10.1 PURETEMP LLC
               FIGURE 48 PURETEMP LLC: WINNING IMPERATIVES
     10.2 CLIMATOR SWEDEN AB
               FIGURE 49 CLIMATOR SWEDEN AB: WINNING IMPERATIVES
     10.3 CRODA INTERNATIONAL PLC.
               FIGURE 50 CRODA INTERNATIONAL PLC.: COMPANY SNAPSHOT
               FIGURE 51 CRODA INTERNATIONAL PLC: WINNING IMPERATIVES
     10.4 SASOL LIMITED
               FIGURE 52 SASOL LIMITED: COMPANY SNAPSHOT
               FIGURE 53 SASOL LIMITED: WINNING IMPERATIVES
     10.5 RUBITHERM TECHNOLOGIES GMBH
     10.6 MICROTEK LABORATORIES INC.
     10.7 PLUSS ADVANCED TECHNOLOGIES PVT. LTD.
     10.8 LAIRD
               FIGURE 54 LAIRD: COMPANY SNAPSHOT
     10.9 HONEYWELL ELECTRONIC MATERIALS, INC.
               FIGURE 55 HONEYWELL ELECTRONIC MATERIALS, INC.: COMPANY SNAPSHOT
     10.10 PHASE CHANGE ENERGY SOLUTIONS
     10.11 COLD CHAIN TECHNOLOGIES, INC.
     10.12 OUTLAST TECHNOLOGIES LLC
     10.13 HENKEL AG & COMPANY, KGAA
                       FIGURE 56 HENKEL AG & COMPANY, KGAA: COMPANY SNAPSHOT
     10.14 PHASE CHANGE MATERIALS PRODUCTS LTD.
*Details on Business overview, Products offered, Recent developments, Winning imperatives, Current focus and Strategies, Threat from competition & Right to win might not be captured in case of unlisted companies.
     10.15 OTHER KEY MARKET PLAYERS
               10.15.1 ADVANSA B.V.
               10.15.2 AI TECHNOLOGY, INC.
               10.15.3 BEYOND INDUSTRIES (CHINA) LIMITED
               10.15.4 BOYD CORPORATION
               10.15.5 COOLCOMPOSITES, INC.
               10.15.6 CIAT GROUP (CRISTOPIA ENERGY SYSTEMS)
               10.15.7 CRYOPAK INDUSTRIES INC.
               10.15.8 DATUM PHASE CHANGE LIMITED
               10.15.9 DOW CORNING CORPORATION
               10.15.10 ENCAPSYS, LLC
               10.15.11 GLOBAL-E-SYSTEMS EUROPE BV
               10.15.12 INSOLCORP, INC.
               10.15.13 IOLITEC-IONIC LIQUIDS TECHNOLOGIES GMBH
               10.15.14 KAPLAN ENERGY SAS
               10.15.15 PARKER HANNIFIN CORP.
               10.15.16 SALCA BV
               10.15.17 SHENZHEN AOCHUAN TECHNOLOGY CO., LTD.
               10.15.18 SHIN-ETSU CHEMICAL CO., LTD.
               10.15.19 TEAPPCM

11 ADJACENT & RELATED MARKETS (Page No. - 203)
     11.1 INTRODUCTION
     11.2 LIMITATIONS
     11.3 BUILDING THERMAL INSULATION MARKET
             11.3.1 MARKET DEFINITION
             11.3.2 MARKET OVERVIEW
             11.3.3 BUILDING THERMAL INSULATION MARKET, BY MATERIAL
                       TABLE 218 BUILDING THERMAL INSULATION MARKET SIZE, BY MATERIAL, 2015–2022 (USD MILLION)
                       TABLE 219 BUILDING THERMAL INSULATION MARKET SIZE, BY MATERIAL, 2015–2022 (KILOTON)
             11.3.4 BUILDING THERMAL INSULATION MARKET, BY BUILDING TYPE
                       TABLE 220 BUILDING THERMAL INSULATION MARKET SIZE, BY BUILDING TYPE, 2015–2022 (USD MILLION)
                       TABLE 221 BUILDING THERMAL INSULATION MARKET SIZE, BY BUILDING TYPE, 2015–2022 (KILOTON)
             11.3.5 BUILDING THERMAL INSULATION MARKET, BY REGION
                       TABLE 222 BUILDING THERMAL INSULATION MARKET SIZE, BY REGION, 2015–2022 (USD MILLION)
                       TABLE 223 BUILDING THERMAL INSULATION MARKET SIZE, BY REGION, 2015–2022 (KILOTON)
     11.4 FLEXIBLE INSULATION MARKET
             11.4.1 MARKET DEFINITION
             11.4.2 MARKET OVERVIEW
             11.4.3 FLEXIBLE INSULATION MARKET, BY MATERIAL
                       TABLE 224 FLEXIBLE INSULATION MARKET SIZE, BY MATERIAL, 2014–2021 (KILOTON)
                       TABLE 225 FLEXIBLE INSULATION MARKET SIZE, BY MATERIAL, 2014–2021 (USD MILLION)
             11.4.4 FLEXIBLE INSULATION MARKET, BY INSULATION TYPE
                       TABLE 226 FLEXIBLE INSULATION MARKET SIZE, BY INSULATION TYPE, 2014-2021 (KILOTON)
                       TABLE 227 FLEXIBLE INSULATION MARKET SIZE, BY INSULATION TYPE, 2014-2021 (USD MILLION)
             11.4.5 FLEXIBLE INSULATION MARKET, BY REGION
                       TABLE 228 FLEXIBLE INSULATION MARKET SIZE, BY REGION, 2014–2021 (KILOTON)
                       TABLE 229 FLEXIBLE INSULATION MARKET SIZE, BY REGION, 2014–2021 (USD MILLION)

12 APPENDIX (Page No. - 211)
     12.1 DISCUSSION GUIDE
     12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     12.3 AVAILABLE CUSTOMIZATIONS
     12.4 RELATED REPORTS
     12.5 AUTHOR DETAILS

The study involved four major activities in estimating the market size for phase change material. 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. The 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 companies which are into the manufacturing of textiles, and electronics, among others. The supply side is characterized by advancements in technology. 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 the 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.

Report Objectives

  • To analyze and forecast the size of the global phase change material market in terms of value and volume
  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the market
  • To define, describe, and forecast the global phase change material market on the basis of type, application, and region
  • To forecast the market size of different segments based on regions: Asia Pacific (APAC), Europe, North America, the Middle East & Africa, and South America, along with their key countries
  • To strategically analyze micro markets with respect to individual growth trends, growth prospects, and their contribution to the overall market
  • To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market
  • To track and analyze competitive developments such as new product launch, expansion, acquisition, and partnership & collaboration in the phase change material market
  • To strategically profile the key players and comprehensively analyze their core competencies

Scope of the Report

Report Metric

Details

Years considered for the study 2018–2025

Base year considered

2019
Forecast period 2020–2025
Units considered Value (USD Million), Volume (Ton)
Segments covered Type, Application, and Region
Regions covered Asia Pacific, North America, Europe, and Rest of the World
Companies profiled Climator Sweden AB (Sweden), 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), CoolComposites Inc. (US), Cryopak Inc. (Canada), Datum Phase Change Ltd. (UK), IoLiTec-Ionic Liquids Technologies GmbH (Germany), Salca B.V. (The Netherlands), Dow Corning Corporation (US), Insolcorp. Inc. (US), Laird Plc. (UK), Phase Change Energy Solutions Inc. (US), Ciat Group (France), Honeywell Electronic Materials, Inc. (US), Phase Change Materials Products Ltd. (UK), and Rubitherm Technologies GmbH (Germany).

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:

  • Organic PCM
  • Inorganic PCM

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

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

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

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

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Regional Analysis

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Company Information

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COVID-19

Get in-depth analysis of the COVID-19 impact on the Phase Change Material Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the Phase Change Material Market

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Report Code
AD 2999
Published ON
Oct, 2020
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