Product Code: CMI4954
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 (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.
Table of Contents
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)
- 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
- Browse 25 market data tables* and 20 figures* on "Global Advanced Phase Change Materials Market" - Global forecast to 2031.