Advanced Phase Change Materials Market, By Product Type, By Application, By Geography

Description

The advanced phase change materials market is estimated to be valued at USD 1.78 Bn in 2024 and is expected to reach USD 3.71 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 11.1% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 1.78 Bn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	11.10%	2031 Value Projection:	US$ 3.71 Bn

Figure. Advanced Phase Change Materials Market Share (%), By Region 2024

Advanced Phase Change Materials Market - IMG1

Advanced phase change materials (PCMs) are substances with high heat storage capacity which undergo phase transition, typically from solid to liquid, at certain temperatures. They are capable of absorbing, storing, and releasing heat energy enabling temperature regulation and energy storage. These materials have found widespread applications from building and construction to textiles and packaging. The increasing focus on energy efficiency and demand for smart and sustainable buildings is driving research on advanced PCMs with improved thermal properties and ability to work at higher temperature ranges. Development of bio-based and nano-engineered PCMs is also gaining traction to boost performance and reduce costs.

Market Dynamics:

The global advanced phase change materials market is witnessing strong growth driven by factors such as rising need for energy conservation in various end-use industries, implementation of stricter building energy codes, and focus on sustainable infrastructure development. Moreover, increasing investment by governments worldwide in research of thermal energy storage technologies is creating new opportunities. However, high initial costs compared to conventional materials continue to restrain market penetration. Manufacturers are overcoming this by developing economical microencapsulated PCM products. Ongoing nano-engineering of PCMs to achieve higher heat of fusion per unit volume without altering other properties is another growth opportunity.

Key Features of the Study:

This report provides in-depth analysis of the global advanced phase change materials market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global advanced phase change materials market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include E.I. du Pont de Nemours & Company, BASF, Advansa B.V., Honeywell International, Cryopak, Dow Building Solutions, Phase Change Products Pty Ltd., Climate Sweden AB, Salca BV, Rubitherm Technologies GmbH, AI Technology Inc., Boyd Corporation, Cold Chain Technologies, Croda International PLC, Henkel Ag & Company KGaA, Honeywell Electronic Materials, Microtek Laboratories Inc., Pluss Advanced Technologies, Puretemp LLC, and Sasol Limited.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global advanced phase change materials market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global advanced phase change materials market

Detailed Segmentation-

By Product Type:
- Paraffin
- Salt Hydrates
- Others
By Application
- Building and construction
- Commercial Refrigeration
- HVAC
- Energy Storage
- Shipping and Transportation
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- E.I. du Pont de Nemours & Company
- BASF
- Advansa B.V.
- Honeywell International
- Cryopak
- Dow Building Solutions
- Phase Change Products Pty Ltd.
- Climate Sweden AB
- Salca BV
- Rubitherm Technologies GmbH
- AI Technology Inc.
- Boyd Corporation
- Cold Chain Technologies
- Croda International PLC
- Henkel Ag & Company KGaA
- Honeywell Electronic Materials
- Microtek Laboratories Inc.
- Pluss Advanced Technologies
- Puretemp LLC
- Sasol Limited.

Product Code: CMI4954

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions

4. Global Advanced Phase Change Materials Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Advanced Phase Change Materials Market
Impact Analysis

5. Global Advanced Phase Change Materials Market, By Product Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Paraffin
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Salt Hydrates
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

6. Global Advanced Phase Change Materials Market, By Application, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, 2019 - 2031
- Segment Trends
Building and construction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Commercial Refrigeration
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
HVAC
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Energy Storage
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Shipping and Transportation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019 - 2031, (US$ Bn)
- Segment Trends

7. Global Advanced Phase Change Materials Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2019-2031
North America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn))
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, By Product Type, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Application, 2019 - 2031, (US$ Bn)
- Market Size and Forecast, By Country, 2019 - 2031, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Market Share Analysis
Company Profiles
- E.I. du Pont de Nemours & Company
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- BASF
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Advansa B.V.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Honeywell International
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Cryopak
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Dow Building Solutions
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Phase Change Products Pty Ltd.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Climate Sweden AB
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Salca BV
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Rubitherm Technologies GmbH
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- AI Technology Inc.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Boyd Corporation
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Cold Chain Technologies
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Croda International PLC
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Henkel Ag & Company KGaA
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Honeywell Electronic Materials
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Microtek Laboratories Inc.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Pluss Advanced Technologies
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Puretemp LLC
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates
- Sasol Limited.
  - Company Overview
  - Product Type Portfolio
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
About Us and Sales Contact
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