Phase Change Materials Market Report

Phase Change Materials Market Insights

Phase change materials market is likely to witness an impressive CAGR of 18.2% during the forecast period. Strong demand from end-use industries, such as building & construction, HVAC, cold chain & packaging, thermal energy storage, refrigeration & equipment, electronics, textiles, and others is the major factor driving the demand for phase change materials in the global market. Phase change material holds unique feature that it can store and release large amount of energy/heat while maintaining a constant temperature and hence, is used to conserve energy, reduce operating cost, and provide temperature security.

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Phase Change Materials Market Share: By Type

Based on the type, the market is segmented as Inorganic PCM, Organic PCM, and Bio-based PCM. The inorganic PCM is expected to lead the market during the forecast period, owing to its good thermal conductivity, high latent heat of fusion, non-flammability, and low cost. Inorganic PCMs are extensively used in thermal energy storage, HVAC, cold chain & packaging, and refrigeration & equipment.

Phase Change Materials Market Share: By Application Type

Based on the application type, the PCM market is segmented as building & construction, HVAC, cold chain & packaging, thermal energy storage, refrigeration & equipment, electronics, textiles, and others. The building & construction segment is expected to remain the largest segment during the forecast period, owing to stringent regulations towards greenhouse gas emission and increasing investment for low carbon buildings, especially in North America and Europe.

Phase Change Materials Market Share: By Region

In terms of regions, Europe is expected to remain the largest market for phase change materials during the forecast period. Stringent regulation regarding usage and handling of temperature-sensitive goods, implementation of strict building codes, and the European Union directives to improve efficiency in buildings are the major factors that have led to the dominance of Europe in the global PCM market.

Some of the major players in the phase change materials market are Honeywell Electronic Materials, Inc., Laird PLC., Sasol Limited, Croda International PLC., Entropy Solutions LLC, Microtek Laboratories Inc., Pluss Advanced Technologies Pvt. Ltd., Phase Change Energy Solutions Inc., Rubitherm Technologies GmbH, Phase Change Materials Products Ltd., Outlast Technologies LLC, Henkel AG & Company, KGaA, and Cold Chain Technologies, Inc.

Market Scope & Segmentation

Phase Change Materials are materials that are capable of changing their phase or form from solid to liquid and vice versa. These are useful in storing heat so that it can be used later on when needed. When they absorb, they melt and they again solidify when they release heat. These can be stored in different insulated buffers so that they can be used for upcoming needs.

Phase Change Materials can be of several types with their own advantages and disadvantages. These materials can be used in a wide number of areas such as construction, textiles, refrigeration, and many others.

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

The phase change materials market is segmented into the following categories. 

Phase Change Materials Market Size, Share, & Forecast, by Type:

• Inorganic PCM (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Organic PCM (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Bio-Based PCM (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Phase Change Materials Market Size, Share, & Forecast, by Application Type:

• Building & Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• HVAC (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Cold Chain & Packaging (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Thermal Energy Storage (TES) (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (By Application Type: Boiler/Power Plant, Solar Energy Storage, and Geothermal Energy Storage)
• Refrigeration & Equipment (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Textiles (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Electronics
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (By Application Type: Phase Change Memory (PCRAM) and Thermal Interface Material (TIM))
• Others
  • (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
  • (By Application Type: Automotive, Healthcare, Telecommunication)

Phase Change Materials Market Size, Share, & Forecast, by Encapsulation Technology Type:

• Macro (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Micro (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
• Molecular (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

Phase Change Materials Market Size, Share, & Forecast, by Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

Research Methodology

This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:

• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors

Report Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Market Segmentation

• Current market segmentation of any one of the types by application types.  

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at sales@stratviewresearch.com.