Product Code: PM2502
The global Advanced Phase Change Materials (PCM) market size is expected to reach USD 3.87 billion by 2030, according to a new study by Polaris Market Research. The report "Advanced Phase Change Materials (PCM) Market Share, Size, Trends, Industry Analysis Report, By Product (Paraffin Wax, Salt Hydrates, Others); By Application (Organic, Inorganic, Eutectic); By Type; By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Reduced demand for traditional resources and an increasing focus on reducing greenhouse gas emissions are expected to boost product market demand. Over the forecast period, rising demand for energy-efficient green buildings, combined with a growing emphasis on enhancing the indoor environment and increasing building inertia, will likely boost product demand. The market is expected to grow due to a growing focus on strict execution of environmental rules and increased investment in developing environmentally friendly bio-based advanced phase transition resources.
Global energy demand is quickly rising, and increased consumption of fossil fuels results in increased emissions of greenhouse gases, mainly carbon dioxide (CO2). These gases lead to severe environmental consequences such as ozone layer depletion, global warming, and climate variability. The building industry accounts for more than 30% of worldwide energy demand. According to the International Energy Agency, the sector is responsible for nearly 30% of overall CO2 emissions.
The changing preferences drive the energy consumption for living and comfort needs across locations with varying temperatures. As a result, at the regional, national, and international levels, green technology in buildings is the primary emphasis of energy policy. The development of innovative building materials capable of improving energy usage in buildings is gaining pace in the manufacturing industries. As a result, PCMs are seen as essential tools for increasing energy efficiency and maximizing energy savings.
Advanced Phase Change Materials (PCM) Market Report Highlights
Building and construction segment is anticipated to grow considerably over the forecast period owing to its rising use of advanced phase change materials (PCM) in residential, corporate, and commercial infrastructure in conjunction with heating, ventilation, and air conditioning (HVAC) systems.
Eutectic type segment is expected to hold a significant share over the forecast period. This is growing due to its benefits, such as it does not change when heated and cooled cyclically.
North America is expected to grow considerably over the projected period because of the increasing use of modern building techniques and the growing demand for HVAC systems in the domestic segment. The region's chilly weather necessitates a well-designed heating, ventilation, and air-conditioning (HVAC) system, which drives demand for advanced phase change materials(PCM).
The global Advanced (PCM) Phase Change Materials market is highly competitive owing to prominent global market players, including Advansa B.V., Honeywell International Inc., Microtek Laboratories, Inc., Rubitherm Technologies GmbH, and Sasol Limited.
Polaris Market Research has segmented the advanced phase change materials (PCM) market report based on product, type, application, and region:
Advanced Phase Change Materials (PCM), Product Outlook (Revenue - USD Billion, 2018 - 2030)
Paraffin Wax
Salt Hydrates
Others
Advanced Phase Change Materials (PCM), Application Outlook (Revenue - USD Billion, 2018 - 2030)
Building & Construction
Commercial Refrigeration
HVAC
Energy Storage
Shipping & Transportation
Others
Advanced Phase Change Materials (PCM), Type Outlook (Revenue - USD Billion, 2018 - 2030)
Organic
Inorganic
Eutectic
Advanced Phase Change Materials (PCM), Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Advanced Phase Change Materials (PCM) Market Insights
- 4.1. Advanced Phase Change Materials (PCM) - Industry Snapshot
- 4.2. Advanced Phase Change Materials (PCM) Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Alternative for reducing energy cost
- 4.2.1.2. Reduction in operating cost for cold chain and packaging industry
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Lack of awareness for the benefits of PCM
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Advanced Phase Change Materials (PCM) Market Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Advanced Phase Change Materials (PCM) Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Advanced Phase Change Materials (PCM) Market, by Product, 2018 - 2030 (USD Billion)
- 5.3. Paraffin Wax
- 5.3.1. Global Advanced Phase Change Materials (PCM) Market, by Paraffin Wax, by Region, 2018 - 2030 (USD Billion)
- 5.4. Salt Hydrates
- 5.4.1. Global Advanced Phase Change Materials (PCM) Market, by Salt Hydrates, by Region, 2018 - 2030 (USD Billion)
- 5.5. Others
- 5.5.1. Global Other Advanced Phase Change Materials (PCM) Market, by Region, 2018 - 2030 (USD Billion)
6. Global Advanced Phase Change Materials (PCM) Market, by Type
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Advanced Phase Change Materials (PCM) Market, by Type, 2018 - 2030 (USD Billion)
- 6.3. Organic
- 6.3.1. Global Advanced Phase Change Materials (PCM) Market, by Organic, by Region, 2018 - 2030 (USD Billion)
- 6.4. Inorganic
- 6.4.1. Global Advanced Phase Change Materials (PCM) Market, by Inorganic, by Region, 2018 - 2030 (USD Billion)
- 6.5. Eutectic
- 6.5.1. Global Advanced Phase Change Materials (PCM) Market, by Eutectic, by Region, 2018 - 2030 (USD Billion)
7. Global Advanced Phase Change Materials (PCM) Market, by Application
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Advanced Phase Change Materials (PCM) Market, by Application, 2018 - 2030 (USD Billion)
- 7.3. Building & Construction
- 7.3.1. Global Advanced Phase Change Materials (PCM) Market, by Building & Construction, by Region, 2018 - 2030 (USD Billion)
- 7.4. Commercial Refrigeration
- 7.4.1. Global Advanced Phase Change Materials (PCM) Market, by Commercial Refrigeration, by Region, 2018 - 2030 (USD Billion)
- 7.5. HVAC
- 7.5.1. Global Advanced Phase Change Materials (PCM) Market, by HVAC, by Region, 2018 - 2030 (USD Billion)
- 7.6. Energy Storage
- 7.6.1. Global Advanced Phase Change Materials (PCM) Market, by Energy Storage, by Region, 2018 - 2030 (USD Billion)
- 7.7. Shipping & Transportation
- 7.7.1. Global Advanced Phase Change Materials (PCM) Market, by Shipping & Transportation, by Region, 2018 - 2030 (USD Billion)
- 7.8. Others
- 7.8.1. Global Other Advanced Phase Change Materials (PCM) Market, by Region, 2018 - 2030 (USD Billion)
8. Global Advanced Phase Change Materials (PCM) Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Advanced Phase Change Materials (PCM) Market Assessment, By Geography, 2018 - 2030 (USD Billion)
- 8.3. Advanced Phase Change Materials (PCM) Market - North America
- 8.3.1. North America: Advanced Phase Change Materials (PCM) Market, by Product, 2018 - 2030 (USD Billion)
- 8.3.2. North America: Advanced Phase Change Materials (PCM) Market, by Application, 2018 - 2030 (USD Billion)
- 8.3.3. North America: Advanced Phase Change Materials (PCM) Market, by Type, 2018 - 2030 (USD Billion)
- 8.3.4. Advanced Phase Change Materials (PCM) Market - U.S.
- 8.3.4.1. U.S.: Advanced Phase Change Materials (PCM) Market, by Product, 2018 - 2030 (USD Billion)
- 8.3.4.2. U.S.: Advanced Phase Change Materials (PCM) Market, by Application, 2018 - 2030 (USD Billion)
- 8.3.4.3. U.S.: Advanced Phase Change Materials (PCM) Market, by Type, 2018 - 2030 (USD Billion)
- 8.3.5. Advanced Phase Change Materials (PCM) Market - Canada
- 8.3.5.1. Canada: Advanced Phase Change Materials (PCM) Market, by Product, 2018 - 2030 (USD Billion)
- 8.3.5.2. Canada.: Advanced Phase Change Materials (PCM) Market, by Application, 2018 - 2030 (USD Billion)
- 8.3.5.3. Canada: Advanced Phase Change Materials (PCM) Market, by Type, 2018 - 2030 (USD Billion)
- 8.4. Advanced Phase Change Materials (PCM) Market - Europe
- 8.4.1. Europe: Advanced Phase Change Materials (PCM) Market, by Product, 2018 - 2030 (USD Billion)
- 8.4.2. Europe.: Advanced Phase Change Materials (PCM) Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.3. Europe: Advanced Phase Change Materials (PCM) Market, by Type, 2018 - 2030 (USD Billion)
- 8.4.4. Advanced Phase Change Materials (PCM) Market - UK
- 8.4.4.1. UK: Advanced Phase Change Materials (PCM) Market, by Product, 2018 - 2030 (USD Billion)
- 8.4.4.2. UK.: Advanced Phase Change Materials (PCM) Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.4.3. UK: Advanced Phase Change Materials (PCM) Market, by Type, 2018 - 2030 (USD Billion)
- 8.4.5. Advanced Phase Change Materials (PCM) Market - France
- 8.4.5.1. France: Advanced Phase Change Materials (PCM) Market, by Product, 2018 - 2030 (USD Billion)
- 8.4.5.2. France.: Advanced Phase Change Materials (PCM) Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.5.3. France: Advanced Phase Change Materials (PCM) Market, by Type, 2018 - 2030 (USD Billion)
- 8.4.6. Advanced Phase Change Materials (PCM) Market - Germany
- 8.4.6.1. Germany: Advanced Phase Change Materials (PCM) Market, by Product, 2018 - 2030 (USD Billion)
- 8.4.6.2. Germany.: Advanced Phase Change Materials (PCM) Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.6.3. Germany: Advanced Phase Change Materials (PCM) Market, by Type, 2018 - 2030 (USD Billion)
- 8.4.7. Advanced Phase Change Materials (PCM) Market - Italy
- 8.4.7.1. Italy: Advanced Phase Change Materials (PCM) Market, by Product, 2018 - 2030 (USD Billion)
- 8.4.7.2. Italy.: Advanced Phase Change Materials (PCM) Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.7.3. Italy: Advanced Phase Change Materials (PCM) Market, by Type, 2018 - 2030 (USD Billion)
- 8.4.8. Advanced Phase Change Materials (PCM) Market - Spain
- 8.4.8.1. Spain: Advanced Phase Change Materials (PCM) Market, by Product, 2018 - 2030 (USD Billion)
- 8.4.8.2. Spain.: Advanced Phase Change Materials (PCM) Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.8.3. Spain: Advanced Phase Change Materials (PCM) Market, by Type, 2018 - 2030 (USD Billion)
- 8.4.9. Advanced Phase Change Materials (PCM) Market - Netherlands
- 8.4.9.1. Netherlands: Advanced Phase Change Materials (PCM) Market, by Product, 2018 - 2030 (USD Billion)
- 8.4.9.2. Netherlands.: Advanced Phase Change Materials (PCM) Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.9.3. Netherlands: Advanced Phase Change Materials (PCM) Market, by Type, 2018 - 2030 (USD Billion)
- 8.4.10. Advanced Phase Change Materials (PCM) Market - Russia
- 8.4.10.1. Russia: Advanced Phase Change Materials (PCM) Market, by Product, 2018 - 2030 (USD Billion)
- 8.4.10.2. Russia.: Advanced Phase Change Materials (PCM) Market, by Application, 2018 - 2030 (USD Billion)
- 8.4.10.3. Russia: Advanced Phase Change Materials (PCM) Market, by Type, 2018 - 2030 (USD Billion)
- 8.5. Advanced Phase Change Materials (PCM) Market - Asia Pacific
- 8.5.1. Asia Pacific: Advanced Phase Change Materials (PCM) Market, by Product, 2018 - 2030 (USD Billion)
- 8.5.2. Asia Pacific.: Advanced Phase Change Materials (PCM) Market, by Application, 2018 - 2030 (USD Billion)
- 8.5.3. Asia Pacific: Advanced Phase Change Materials (PCM) Market, by Type, 2018 - 2030 (USD Billion)
- 8.5.4. Advanced Phase Change Materials (PCM) Market - China
- 8.5.4.1. China: Advanced Phase Change Materials (PCM) Market, by Product, 2018 - 2030 (USD Billion)
- 8.5.4.2. China.: Advanced Phase Change Materials (PCM) Market, by Application, 2018 - 2030 (USD Billion)
- 8.5.4.3. China: Advanced Phase Change Materials (PCM) Market, by Type, 2018 - 2030 (USD Billion)
- 8.5.5. Advanced Phase Change Materials (PCM) Market - India
- 8.5.5.1. India: Advanced Phase Change Materials (PCM) Market, by Product, 2018 - 2030 (USD Billion)
- 8.5.5.2. India.: Advanced Phase Change Materials (PCM) Market, by Application, 2018 - 2030 (USD Billion)
- 8.5.5.3. India: Advanced Phase Change Materials (PCM) Market, by Type, 2018 - 2030 (USD Billion)
- 8.5.6. Advanced Phase Change Materials (PCM) Market - Malaysia
- 8.5.6.1. Malaysia: Advanced Phase Change Materials (PCM) Market, by Product, 2018 - 2030 (USD Billion)
- 8.5.6.2. Malaysia.: Advanced Phase Change Materials (PCM) Market, by Application, 2018 - 2030 (USD Billion)
- 8.5.6.3. Malaysia: Advanced Phase Change Materials (PCM) Market, by Type, 2018 - 2030 (USD Billion)
- 8.5.7. Advanced Phase Change Materials (PCM) Market - Japan
- 8.5.7.1. Japan: Advanced Phase Change Materials (PCM) Market, by Product, 2018 - 2030 (USD Billion)
- 8.5.7.2. Japan.: Advanced Phase Change Materials (PCM) Market, by Application, 2018 - 2030 (USD Billion)
- 8.5.7.3. Japan: Advanced Phase Change Materials (PCM) Market, by Type, 2018 - 2030 (USD Billion)
- 8.5.8. Advanced Phase Change Materials (PCM) Market - Indonesia
- 8.5.8.1. Indonesia: Advanced Phase Change Materials (PCM) Market, by Product, 2018 - 2030 (USD Billion)
- 8.5.8.2. Indonesia.: Advanced Phase Change Materials (PCM) Market, by Application, 2018 - 2030 (USD Billion)
- 8.5.8.3. Indonesia: Advanced Phase Change Materials (PCM) Market, by Type, 2018 - 2030 (USD Billion)
- 8.5.9. Advanced Phase Change Materials (PCM) Market - South Korea
- 8.5.9.1. South Korea: Advanced Phase Change Materials (PCM) Market, by Product, 2018 - 2030 (USD Billion)
- 8.5.9.2. South Korea.: Advanced Phase Change Materials (PCM) Market, by Application, 2018 - 2030 (USD Billion)
- 8.5.9.3. South Korea: Advanced Phase Change Materials (PCM) Market, by Type, 2018 - 2030 (USD Billion)
- 8.6. Advanced Phase Change Materials (PCM) Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Advanced Phase Change Materials (PCM) Market, by Product, 2018 - 2030 (USD Billion)
- 8.6.2. Middle East & Africa.: Advanced Phase Change Materials (PCM) Market, by Application, 2018 - 2030 (USD Billion)
- 8.6.3. Middle East & Africa: Advanced Phase Change Materials (PCM) Market, by Type, 2018 - 2030 (USD Billion)
- 8.6.4. Advanced Phase Change Materials (PCM) Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Advanced Phase Change Materials (PCM) Market, by Product, 2018 - 2030 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Advanced Phase Change Materials (PCM) Market, by Application, 2018 - 2030 (USD Billion)
- 8.6.4.3. Saudi Arabia: Advanced Phase Change Materials (PCM) Market, by Type, 2018 - 2030 (USD Billion)
- 8.6.5. Advanced Phase Change Materials (PCM) Market - UAE
- 8.6.5.1. UAE: Advanced Phase Change Materials (PCM) Market, by Product, 2018 - 2030 (USD Billion)
- 8.6.5.2. UAE.: Advanced Phase Change Materials (PCM) Market, by Application, 2018 - 2030 (USD Billion)
- 8.6.5.3. UAE: Advanced Phase Change Materials (PCM) Market, by Type, 2018 - 2030 (USD Billion)
- 8.6.6. Advanced Phase Change Materials (PCM) Market - Israel
- 8.6.6.1. Israel: Advanced Phase Change Materials (PCM) Market, by Product, 2018 - 2030 (USD Billion)
- 8.6.6.2. Israel.: Advanced Phase Change Materials (PCM) Market, by Application, 2018 - 2030 (USD Billion)
- 8.6.6.3. Israel: Advanced Phase Change Materials (PCM) Market, by Type, 2018 - 2030 (USD Billion)
- 8.6.7. Advanced Phase Change Materials (PCM) Market - South Africa
- 8.6.7.1. South Africa: Advanced Phase Change Materials (PCM) Market, by Product, 2018 - 2030 (USD Billion)
- 8.6.7.2. South Africa.: Advanced Phase Change Materials (PCM) Market, by Application, 2018 - 2030 (USD Billion)
- 8.6.7.3. South Africa: Advanced Phase Change Materials (PCM) Market, by Type, 2018 - 2030 (USD Billion)
- 8.7. Advanced Phase Change Materials (PCM) Market - Latin America
- 8.7.1. Latin America: Advanced Phase Change Materials (PCM) Market, by Product, 2018 - 2030 (USD Billion)
- 8.7.2. Latin America.: Advanced Phase Change Materials (PCM) Market, by Application, 2018 - 2030 (USD Billion)
- 8.7.3. Latin America: Advanced Phase Change Materials (PCM) Market, by Type, 2018 - 2030 (USD Billion)
- 8.7.4. Advanced Phase Change Materials (PCM) Market - Mexico
- 8.7.4.1. Mexico: Advanced Phase Change Materials (PCM) Market, by Product, 2018 - 2030 (USD Billion)
- 8.7.4.2. Mexico.: Advanced Phase Change Materials (PCM) Market, by Application, 2018 - 2030 (USD Billion)
- 8.7.4.3. Mexico: Advanced Phase Change Materials (PCM) Market, by Type, 2018 - 2030 (USD Billion)
- 8.7.5. Advanced Phase Change Materials (PCM) Market - Brazil
- 8.7.5.1. Brazil: Advanced Phase Change Materials (PCM) Market, by Product, 2018 - 2030 (USD Billion)
- 8.7.5.2. Brazil.: Advanced Phase Change Materials (PCM) Market, by Application, 2018 - 2030 (USD Billion)
- 8.7.5.3. Brazil: Advanced Phase Change Materials (PCM) Market, by Type, 2018 - 2030 (USD Billion)
- 8.7.6. Advanced Phase Change Materials (PCM) Market - Argentina
- 8.7.6.1. Argentina: Advanced Phase Change Materials (PCM) Market, by Product, 2018 - 2030 (USD Billion)
- 8.7.6.2. Argentina.: Advanced Phase Change Materials (PCM) Market, by Application, 2018 - 2030 (USD Billion)
- 8.7.6.3. Argentina: Advanced Phase Change Materials (PCM) Market, by Type, 2018 - 2030 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. Advansa B.V
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. AI Technology
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Climator SWEDEN
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Ciat Group
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Cold Chain
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Croda International
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Cryopak Industries
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Henkel AG
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Honeywell International
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. Microtek Laboratories
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. Outlast Technologies
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. PCM Products
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Phase Change Solutions
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Pluss Advanced Technologies
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. PureTemp
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development
- 10.16. Rubitherm Technologies
- 10.16.1. Company Overview
- 10.16.2. Financial Performance
- 10.16.3. Product Benchmarking
- 10.16.4. Recent Development
- 10.17. Sasol Limited
- 10.17.1. Company Overview
- 10.17.2. Financial Performance
- 10.17.3. Product Benchmarking
- 10.17.4. Recent Development
- 10.18. Teappcm Limited
- 10.18.1. Company Overview
- 10.18.2. Financial Performance
- 10.18.3. Product Benchmarking
- 10.18.4. Recent Development