Dublin, June 03, 2022 (GLOBE NEWSWIRE) -- The "Advanced Phase Change Materials Market by Type and Application - Global Opportunity Analysis and Industry Forecast, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.
The Global Advanced Phase Change Materials Market size was valued to USD 1.63 billion in 2021, and is predicted to garner USD 4.93 billion by 2030, witnessing a CAGR of 13.0% from 2022-2030.
Phase Change Materials offer a range of thermal management solutions, by facilitating temporary storage of energy, either by releasing or absorbing sufficient amount of energy during phase transition, i.e., changing their states from solid to liquid and vice-versa; hence providing desired heat or cooling. The advanced phase change materials (Advanced PCMs) can store as well as provide massive volume of thermal energy after transition from one state to the other.
The global advanced phase change materials market observed a volumetric sale of 319721.5 tons in 2021 that is expected to rise up-to 1006514.2 tons by 2030, with a growing CAGR of 13.5% from 2022-2030.
Market Dynamics and Trends
Building and construction segment currently contribute the highest market share, owing to extensive application of advanced PCMs in green constructions, building interiors, cooling buildings and light weight architectures. Besides, increasing use of advanced PCMs for temperature control & comfort, reduction in operating cost, temperature security, long operating life and energy saving features are likely to boost the growth of global advanced phase change materials market in future.
However, factors such as high costs of advanced PCMs, its susceptibility to corrosion, flammability issues, and lack of awareness regarding its usage, are expected to limit the growth of advanced phase change materials market during the forecast period.
Moreover, market dynamics such as increasing awareness towards energy-saving and environment-friendly technologies, stringent regulations for minimizing greenhouse gas emissions, as well surge in R&D activities to increase the efficiency of advanced phase change materials, are expected to create lucrative opportunities in the global advanced phase change materials market in future.
Market Segmentations and Scope of the Study:
The advanced phase change materials market share is analyzed based on type, application, and geography. Based on type, the advanced phase change materials market is segmented into organic, inorganic, and bio-based. Based on application, the advanced phase change materials market covers building & construction, thermal energy storage, cold chain & packaging, HVAC, shipping & transportation, electronics, textiles, and others. Geographic breakdown and analysis of each of the previously mentioned segment include region comprising North America, Europe, Asia-Pacific, and RoW.
Geographical Analysis
Europe is the fastest growing region in the advanced phase change materials market. The strict building energy codes to reduce and minimize emission of harmful gases, increasing demand for green buildings, and demand for low-carbon & net-zero energy buildings are factors to lead the growth of European region.
Asia-Pacific region is anticipated to grow with highest growth rate during the forecast period owing to growing construction industry, rapid industrialization, and strong emphasis on energy security.
Competitive Landscape
The advanced phase change materials market share includes a comprehensive competitive analysis and profiles of the major market players. Companies such as Croda International Plc., Entropy Solutions LLC, Microtek Laboratories Inc., Honeywell Electronic Materials, Inc., Laird Plc, Sasol Ltd., Pluss Technologies Pvt. Ltd., Phase Change Materials Products Ltd., Outlast Technologies LLC, Phase Change Energy Solutions Inc., Rubitherm Technologies GmbH, Henkel AG & Company, KGaA, Advansa BV, AI Technology Inc., Climator Sweden AB, Cold Chain Technologies, Inc., and others are provided in the advanced phase change materials market report.
Key Topics Covered:
1. Introduction
2. Advanced Phase Material Change Market - Executive Summary
3. Market Overview
3.1. Market Definition and Scope
3.2. Market Dynamics
3.2.1 Drivers
3.2.1.1. Increased Use of Advanced Phase Change Materials for Temperature Control
3.2.1.2. Regulations for Reduction of Greenhouse Gas Emissions
3.2.2 Restraints
3.2.2.1. Negative Impact of Covid-19 Pandemic
3.2.2.2. Corrosive Nature and Technical Issues
3.2.3 Opportunities
3.2.3.1. Increasing Demand of Advanced Pcms from Pharmaceutical Industry
4. Global Advanced Phase Change Materials (Pcm) Market, by Type
4.1. Overview
4.2. Organic
4.2.1 Organic Market, by Region
4.2.1.1 North America Organic Market, by Country
4.2.1.2 Europe Organic Market, by Country
4.2.1.3 Asia-Pacific Organic Market, by Country
4.2.1.4 Rest of World Organic Market, by Country
4.3. Inorganic
4.3.1 Inorganic Market, by Region
4.3.1.1 North America Inorganic Market, by Country
4.3.1.2 Europe Inorganic Market, by Country
4.3.1.3 Asia-Pacific Inorganic Market, by Country
4.3.1.4 Rest of World Inorganic Market, by Country
4.4. Bio-Based
4.4.1 Bio-Based Market, by Region
4.4.1.1 North America Bio-Based Market, by Country
4.4.1.2 Europe Bio-Based Market, by Country
4.4.1.3 Asia-Pacific Bio-Based Market, by Country
4.4.1.4 Rest of World Bio-Based Market, by Country
5. Global Advanced Phase Change Materials (Pcm) Market, by Application
5.1. Overview
5.2. Building & Construction
5.2.1 Building & Construction Market, by Region
5.2.1.1 North America Building & Construction Market, by Country
5.2.1.2 Europe Building & Construction Market, by Country
5.2.1.3 Asia-Pacific Building & Construction Market, by Country
5.2.1.4 Rest of World Building & Construction Market, by Country
5.3. Energy Storage
5.3.1 Energy Storage Market, by Region
5.3.1.1 North America Energy Storage Market, by Country
5.3.1.2 Europe Energy Storage Market, by Country
5.3.1.3 Asia-Pacific Energy Storage Market, by Country
5.3.1.4 Rest of World Energy Storage Market, by Country
5.4. Hvac
5.4.1 Hvac Market, by Region
5.4.1.1 North America Hvac Market, by Country
5.4.1.2 Europe Hvac Market, by Country
5.4.1.3 Asia-Pacific Hvac Market, by Country
5.4.1.4 Rest of World Hvac Market, by Country
5.5. Shipping & Transportation
5.5.1 Shipping & Transportation Market, by Region
5.5.1.1 North America Shipping & Transportation Market, by Country
5.5.1.2 Europe Shipping & Transportation Market, by Country
5.5.1.3 Asia-Pacific Shipping & Transportation Market, by Country
5.5.1.4 Rest of World Shipping & Transportation Market, by Country
5.6. Electronics
5.6.1 Electronics Market, by Region
5.6.1.1 North America Electronics Market, by Country
5.6.1.2 Europe Electronics Market, by Country
5.6.1.3 Asia-Pacific Electronics Market, by Country
5.6.1.4 Rest of World Electronics Market, by Country
5.7. Textiles
5.7.1 Textiles Market, by Region
5.7.1.1 North America Textiles Market, by Country
5.7.1.2 Europe Textiles Market, by Country
5.7.1.3 Asia-Pacific Textiles Market, by Country
5.7.1.4 Rest of World Textiles Market, by Country
5.8. Others
5.8.1 Others Market, by Region
5.8.1.1 North America Others Market, by Country
5.8.1.2 Europe Others Market, by Country
5.8.1.3 Asia-Pacific Others Market, by Country
5.8.1.4 Rest of World Others Market, by Country
6. Global Advanced Phase Change Materials (Pcm) Market, by Region
7. Company Profiles
7.1. Cryopak
7.1.1 Company Overview
7.1.2 Company Snapshot
7.1.3 Product Portfolio
7.1.4 Key Strategic Moves & Developments
7.1.5 Primary Market Competitors
7.2. Honeywell International
7.2.1 Company Overview
7.2.2 Company Snapshot
7.2.3 Operating Business Segments
7.2.4 Product Portfolio
7.2.5 Business Performance
7.2.6 Sales by Business Segment
7.2.7 Sales by Geographic Segment
7.2.8 Key Strategic Moves & Developments
7.2.9 Primary Market Competitors
7.3. Outlast Technologies
7.3.1 Company Overview
7.3.2 Company Snapshot
7.3.3 Product Portfolio
7.3.4 Key Strategic Moves & Developments
7.3.5 Primary Market Competitors
7.4. Microtek Laboratories
7.4.1 Company Overview
7.4.2 Company Snapshot
7.4.3 Product Portfolio
7.4.4 Key Strategic Moves & Developments
7.4.5 Primary Market Competitors
7.5. Henkel AG & Co. Kgaa
7.5.1 Company Overview
7.5.2 Company Snapshot
7.5.3 Operating Business Segments
7.5.4 Product Portfolio
7.5.5 Business Performance
7.5.6 Sales by Business Segment
7.5.7 Sales by Geographic Segment
7.5.8 Key Strategic Moves & Developments
7.5.9 Primary Market Competitors
7.6. Sasol Ltd
7.6.1 Company Overview
7.6.2 Company Snapshot
7.6.3 Operating Business Segments
7.6.4 Product Portfolio
7.6.5 Business Performance
7.6.6 Sales by Business Segment
7.6.7 Key Strategic Moves & Developments
7.6.8 Primary Market Competitors
7.7. Phase Change Energy Solutions
7.7.1 Company Overview
7.7.2 Company Snapshot
7.7.3 Product Portfolio
7.7.4 Key Strategic Moves & Developments
7.7.5 Primary Market Competitors
7.8. Croda International
7.8.1 Company Overview
7.8.2 Company Snapshot
7.8.3 Operating Business Segments
7.8.4 Product Portfolio
7.8.5 Business Performance
7.8.6 Sales by Business Segment
7.8.7 Sales by Geographic Segment
7.8.8 Key Strategic Moves & Developments
7.8.9 Primary Market Competitors
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