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PUBLISHER: Grand View Research | PRODUCT CODE: 1571554
PUBLISHER: Grand View Research | PRODUCT CODE: 1571554
Advanced Phase Change Materials Market Size, Share & Trends Analysis Report By Product (Paraffin, Salt Hydrates), By Application (Building & Construction, HVAC, Commercial Refrigeration), By Region, And Segment Forecasts, 2024 - 2030
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PAGES: 100 Pages
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Advanced Phase Change Materials Market Growth & Trends:
The global advanced phase change materials market size is expected to reach USD 5.86 billion by 2030, registering a CAGR of 8.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing need to conserve energy across various industries and sectors is expected to be one of the major driving factors for the market. In addition, stringent regulations imposed on various industries to reduce greenhouse gases emission has also helped in developing the market for advanced phase change material. Consumption of APCM is expected to reduce the overall demand for energy by up to 50% by 2050. However, their high price compared to other insulating materials owing to lack of awareness among the consumers in underdeveloped countries is expected to hinder market growth over the forecast period.
In 2023, the paraffin segment accounted for 46.3% of the global market share. Paraffin has a high heat-storing capacity and are also stable in nature owing to which they are expected to witness significant growth over the forecast period. The salt hydrates segment is expected to witness a CAGR of 6.8% from 2024 to 2030. Salt hydrate materials have become attractive and are often used as high-performance phase change materials for thermal energy storage because of the characteristics they possess.
Advanced Phase Change Materials Market Report Highlights:
- Paraffin exhibits remarkable thermal storage capacity and freezes without supercooling. Paraffin stands out because it is chemically stable in multiple heating and freezing cycles with a high heat of fusion, and is compatible with extensive structural materials in encapsulation materials.
- Salt hydrate materials have become attractive and are often used as high-performance phase change materials for thermal energy storage because of the characteristics they possess.
- In 2023, the building and construction industry commanded a market share of 29.9%. The building & construction sector is expected to maintain its growth pattern and account for a significant share during the forecast period.
- HVAC (Heating, Ventilation, Air-Conditioning) secured a 15.1% revenue share worldwide in 2023. New features that were incorporated into HVAC systems include the incorporation of highly developed phase change material for the storage of thermal energy during high time and the release of the thermal energy.
- The advanced phase change material market in Europe led globally and accounted for a share of 36.9% in 2023. Europe's position is also expected to improve in the coming years.
Product Code: 978-1-68038-021-7
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Advanced Phase Change Materials Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.4. Advanced Phase Change Materials Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
- 3.4.1. Porter's Analysis
Chapter 4. Advanced Phase Change Materials Market: Product Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Advanced Phase Change Materials Market: Product Movement Analysis, USD Million, 2023 & 2030
- 4.3. Paraffin
- 4.3.1. Paraffin Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.4. Salt Hydrates
- 4.4.1. Salt Hydrates Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 4.5. Others
- 4.5.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030(USD Million)
Chapter 5 Advanced Phase Change Materials Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Advanced Phase Change Materials Market: Application Movement Analysis, USD Million, 2024 & 2030
- 5.2.1. Building & Construction
- 5.2.1.1. Building & Construction Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.2.2. Commercial Refrigeration
- 5.2.2.1. Commercial Refrigeration Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.2.3 Energy Storage
- 5.2.3.1. Energy Storage Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.2.4. Shipping And Transportation
- 5.2.4.1. Shipping and Transportation Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
- 5.2.1. Building & Construction
- 5.3. Others
- 5.3.1. Others Market Revenue Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 6 Advanced Phase Change Materials Market: Regional Estimates & Trend Analysis
- 6.1. Advanced Phase Change Materials Market Share, By Region, 2023 & 2030, USD Million
- 6.2. North America
- 6.2.1. North America Advanced Phase Change Materials Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.2.2. U.S.
- 6.2.2.1. U.S. Advanced Phase Change Materials Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3 Europe
- 6.3.1. Europe Advanced Phase Change Materials Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.3.2. UK
- 6.3.2.1. UK Advanced Phase Change Materials Market Estimates and Forecasts, 2018 - 2030 (USD Million
- 6.3.3. Germany
- 6.3.3.1. Germany Advanced Phase Change Materials Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Advanced Phase Change Materials Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.2. China
- 6.4.2.1. China Advanced Phase Change Materials Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.4.3. India
- 6.4.3.1. India Advanced Phase Change Materials Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5. Latin America
- 6.5.1. Latin America Advanced Phase Change Materials Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.5.2. Brazil
- 6.5.2.1. Brazil Advanced Phase Change Materials Market Estimates and Forecasts, 2018 - 2030 (USD Million)
- 6.6. Middle East and Africa
- 6.6.1. Middle East and Africa Advanced Phase Change Materials Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 7 Advanced Phase Change Materials Market. Competitive Landscape
- 7.1 BASF SE
- 7.1.1 Company Overview
- 7.1.2 Financial Performance
- 7.1.3 Product Benchmarking
- 7.1.4 Strategic Initiatives
- 7.2 Advansa Marketing GmbH
- 7.2.1 Company Overview
- 7.2.2 Financial Performance
- 7.2.3 Product Benchmarking
- 7.2.4 Strategic Initiatives
- 7.3 Honeywell International Inc
- 7.3.1 Company Overview
- 7.3.2 Financial Performance
- 7.3.3 Product Benchmarking
- 7.3.4 Strategic Initiatives
- 7.4 Outlast Technologies
- 7.4.1 Company Overview
- 7.4.2 Financial Performance
- 7.4.3 Product Benchmarking
- 7.4.4 Strategic Initiatives
- 7.5 DuPont
- 7.5.1 Company Overview
- 7.5.2 Financial Performance
- 7.5.3 Product Benchmarking
- 7.5.4 Strategic Initiatives
- 7.6 PCM Energy Ltd
- 7.6.1 Company Overview
- 7.6.2 Financial Performance
- 7.6.3 Product Benchmarking
- 7.6.4 Strategic Initiatives
- 7.7 Rubitherm Technologies GmbH
- 7.7.1 Company Overview
- 7.7.2 Financial Performance
- 7.7.3 Product Benchmarking
- 7.7.4 Strategic Initiatives
- 7.8 Climator Sweden AB
- 7.8.1 Company Overview
- 7.8.2 Financial Performance
- 7.8.3 Product Benchmarking
- 7.8.4 Strategic Initiatives
- 7.9. Cryopak
- 7.9.1 Company Overview
- 7.9.2 Financial Performance
- 7.9.3 Product Benchmarking
- 7.9.4 Strategic Initiatives
- 7.10. Dow
- 7.10.1 Company Overview
- 7.10.2 Financial Performance
- 7.10.3 Product Benchmarking
- 7.10.4 Strategic Initiatives
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