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
Updated on : January 27, 2023
The global phase change material market was valued at USD 477 million in 2021 and is projected to reach USD 1,004 million by 2026, growing at a cagr 16.0% from 2021 to 2026. The 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
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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.
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Phase Change Material Market Players
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 |
|
Market Size Value in 2021 |
USD 477 Million |
|
Revenue Forecast in 2026 |
USD 1004 Million |
|
CAGR |
16.0% |
|
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 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):
What are the high growth type of phase change materials?
Inorganic is the largest type of phase change material in terms of both value and volume, in the global market in 2020. Inorganic phase change material is classified as salt hydrates and metallic. Metallic includes low melting metals and metal eutectics that are not yet commercialized due to their weight. Increasing demand from building & construction, electronics, cold chain & logistics and other applications is fueling the demand for inorganic phase change materials.
What are the major factors impacting market growth during the forecast period?
The market growth is primarily due to the regulations for reduction of greenhouse gas emission and increased use of phase change material for temperature control and comfort.
Which are the significant players operating in the phase change materials market?
Cold Chain Technologies, Inc. (US), Croda International Plc. (UK), Microtek Laboratories Inc. (US), Sasol Limited (South Africa), PureTemp LLC. (US),are some of the major companies operating in the flow battery market. .
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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
Thermal Energy Storage Material Market Overview
Thermal energy storage materials are used to store thermal energy for later use. They are essential components of various energy storage systems that are designed to help balance the supply and demand of energy in various applications. The thermal energy storage material market is expected to grow significantly in the coming years due to increasing demand for energy-efficient solutions in various end-use industries.
Phase change materials (PCMs) are a type of thermal energy storage material that can absorb and release thermal energy during phase changes. Therefore, PCMs are a subset of thermal energy storage materials. The thermal energy storage material market includes various types of materials, including PCMs.
The growth of the thermal energy storage material market is expected to have a positive impact on the phase change material market. As the demand for thermal energy storage solutions increases, the demand for various types of thermal energy storage materials, including PCMs, is also likely to increase.
Futuristic Growth Use-Cases of Thermal Energy Storage Material Market
Some of the potential use-cases for thermal energy storage materials in the future include:
1. Renewable Energy: Thermal energy storage materials can be used to store excess energy generated by renewable energy sources, such as solar and wind power, for use during times when the energy supply is low.
2. Industrial Processes: Thermal energy storage materials can be used to improve the energy efficiency of various industrial processes, such as manufacturing, by storing thermal energy during times of low demand and releasing it during times of high demand.
3. Buildings: Thermal energy storage materials can be used in buildings to store excess thermal energy generated by HVAC systems and use it to heat or cool the building when needed.
Top Players in Thermal Energy Storage Material Market
Some of the top players in the thermal energy storage material market include BASF SE, Covestro AG, Dow Chemical Company, Rubitherm Technologies GmbH, Entropy Solutions Inc., Cryopak Industries Inc., Phase Change Energy Solutions Inc., Laird Thermal Systems, PCM Energy Ltd., CALMAC Corporation
Other Industries Impacted by Thermal Energy Storage Material Market
The thermal energy storage material market is expected to have a significant impact on various industries in the future, including:
1. Energy: The energy industry is expected to see increased use of thermal energy storage materials in various applications, including renewable energy storage and grid stabilization.
HVAC: The HVAC industry is expected to benefit from the use of thermal energy storage materials, which can help improve energy efficiency and reduce costs.
2. Construction: The construction industry is expected to see increased use of thermal energy storage materials in building materials, such as insulation and roofing, to improve energy efficiency and reduce heating and cooling costs.
3. Manufacturing: The manufacturing industry is expected to see increased use of thermal energy storage materials to improve energy efficiency and reduce costs in various manufacturing processes.
Speak to our Analyst today to know more about Thermal Energy Storage Material Market!
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.
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)
Growth opportunities and latent adjacency in Phase Change Material Market
Irrelevant
Phase change material market report
Phase Change Material Market Report
General information on BIO Based PCM
Specific interest on major suppliers of encapsulated organic phase change material in South East Asia
Information on the global market of the products and a description.
flexible polyurethane foam market by Application
Specific information on Phase Change Material market for automotive industry
Directory of global PCM manufacturers, including, key contacts data leading players and 2nd tier players.
Market information PCM materials for the thermal energy storage
Do you have a phase change material (beeswax)?what is the price?And what are the specifications?I want to use it to cool photovoltaic panels.I want to mix it with glycerol, what do you think?
Phase Change Material (PCM) Market
Specific information on the Phase Change Materials Market in food packaging applications
Sample document for Phase Change Material Market Report
Interested in Engine Controls market
General information on fabrics market and current market trends
Interested in PCM reports
Interested to be listed in the Company Profiles section of the specific report