Microencapsulated Paraffin Phase Change Materials Market Size, Share and Industry Analysis Report by End-user Sector, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2022

Description

List of Tables

The global microencapsulated paraffin phase change materials market is expected to grow at an exponential rate through 2028 on account of increasing product demand in the construction and packaging sectors.

Microencapsulated paraffin phase change materials (PPCMs) have successfully overcome challenges associated with regular PPCM, such as leakage issues and poor thermal conductivity. Microencapsulation of PPCM has gained notable momentum as it offers better performance with safer and more efficient installation within buildings. Consequently, phase change materials are considered crucial in terms of thermal energy consumption and climate conditions.

Paraffin, in particular, is a predominantly used PCM in building applications owing to its medium and low melting temperatures. Microencapsulated PPCM is an economical alternative as well as a highly accessible and cost-effective solution with relatively safer operations, which has impelled product adoption in recent years.

Moreover, technological developments in 3D printing are likely to catalyze advancements in microencapsulated PPCM. 3D printable PCM building material is one such innovation that offers a wide range of usage in terms shape and size, catering to decorative and structure requirements of a building, which has been favorable for industry expansion.

The global microencapsulated paraffin phase change materials market has been segmented based on end-user and region. With respect to end-user, the market has been fragmented into building & construction, textiles, HVAC, aerospace & automotive, chemical industries, electrical & electronics, healthcare, and packaging. The healthcare sub-segment is estimated to exhibit significant progress at a CAGR of around 8.5% through the assessment timespan due to increasing application of microencapsulated PPCM for packaging in the healthcare sector.

Paraffin finds extensive usage in the healthcare sector, wherein it serves as an efficient solution for heat/cold storage during transportation. It helps maintain critical temperatures for blood and vaccine storage as well as pain relief packs and other essential healthcare products, which is set to contribute to segmental growth.

The microencapsulated paraffin phase change materials market size from the aerospace & automotive sub-segment is likely to showcase extensive growth at about 9% CAGR over the review timeline as a result of mounting usage in air conditioning systems installed in cars. Additionally, the advent of electrification in the automotive industry is driving the demand for solutions for temperature management of batteries for efficient electric mobility, which is speculated to promote product uptake.

From the regional point of view, the Middle East and Africa microencapsulated paraffin phase change materials market is expected to witness substantial growth at approximately 9.0% CAGR through the forecast period driven by prominent government initiatives focused on strengthening the region's manufacturing industry. Considerable growth in the number of large-scale infrastructure projects is aiding the growth of the construction industry in the Middle East region, which is primed to cause a potential surge in demand for microencapsulated PPCM.

Furthermore, in May 2021, Qatar University's Advanced Materials Centre (CAM) conducted workshops pertaining to materials used in the building sector, including heat insulating and absorbing materials that help reduce energy consumption. Thus, rising research focus on exploring the applications of these materials is anticipated to support product penetration in the MEA region.

Product Code: 5244

Chapter 1 Methodology and Scope

1.1 Market definition
1.2 Base estimates & working
- 1.2.1 North America
- 1.2.2 Europe
- 1.2.3 Asia Pacific
- 1.2.4 Latin America
- 1.2.5 Middle East & Africa
1.3 Forecast calculations
- 1.3.1 COVID-19 impact calculations on industry forecast
1.4 Data Sources
- 1.4.1 Primary
- 1.4.2 Secondary

Chapter 2 Executive Summary

2.1 Global microencapsulated paraffin phase change materials industry 360 degree synopsis, 2018 - 2028
- 2.1.1 Business trends
- 2.1.2 End-user trends
- 2.1.3 Regional trends

Chapter 3 Microencapsulated Paraffin Phase Change Materials Industry Insights

3.1 Industry segmentation
3.2 Industry size and forecast, 2018 - 2028
- 3.2.1 COVID-19 impact on industry landscape
3.3 Industry ecosystem analysis
- 3.3.1 Raw material analysis
- 3.3.2 Profit margin analysis
- 3.3.3 Value addition at each stage
- 3.3.4 Distribution channel analysis
- 3.3.5 Vendor matrix
  - 3.3.5.1 List of key manufacturers/suppliers
  - 3.3.5.2 List of key raw material suppliers
  - 3.3.5.3 List of potential customers
3.4 Innovation & sustainability
- 3.4.1 Patent analysis
- 3.4.2 Technology landscape
- 3.4.3 Future trends
3.5 Industry impact forces
- 3.5.1 Growth drivers
  - 3.5.1.1 Increasing product acceptance in the textile industry
  - 3.5.1.2 Regulations regarding minimizing greenhouse gas emissions
  - 3.5.1.3 Growing building & construction industry in Asia Pacific
  - 3.5.1.4 Advanced construction practices in North America
  - 3.5.1.5 Rising demand for heating, ventilation, and air conditioning systems in Europe
- 3.5.2 Industry pitfalls & challenges
  - 3.5.2.1 Growing popularity of bio-based phase change materials
  - 3.5.2.2 Procurement risk and high prices of raw materials
3.6 Regulatory trends
- 3.6.1 U.S.
- 3.6.2 Europe
- 3.6.3 Asia Pacific
3.7 Growth potential analysis, 2021
3.8 Competitive landscape, 2021
- 3.8.1 Top players overview
- 3.8.2 Strategy dashboard
3.9 Porter's analysis
- 3.9.1 Supplier power
- 3.9.2 Buyer power
- 3.9.3 Threat of substitutes
- 3.9.4 Threat of new entrants
- 3.9.5 Competitive rivalry
3.10 PESTLE analysis

Chapter 4 Microencapsulated Paraffin Phase Change Materials Market, By End-user

4.1 Global microencapsulated paraffin phase change materials market insights, by end-user
4.2 Building & construction
- 4.2.1 Market estimates and forecasts, 2018 - 2028
4.3 HVAC
- 4.3.1 Market estimates and forecasts, 2018 - 2028
4.4 Electrical & electronics
- 4.4.1 Market estimates and forecasts, 2018 - 2028
4.5 Packaging
- 4.5.1 Market estimates and forecasts, 2018 - 2028
4.6 Textiles
- 4.6.1 Market estimates and forecasts, 2018 - 2028
4.7 Chemical Industries
- 4.7.1 Market estimates and forecasts, 2018 - 2028
4.8 Healthcare
- 4.8.1 Market estimates and forecasts, 2018 - 2028
4.9 Aerospace & automotive
- 4.9.1 Market estimates and forecasts, 2018 - 2028
4.10 Others
- 4.10.1 Market estimates and forecasts, 2018 - 2028

Chapter 5 Microencapsulated Paraffin Phase Change Materials Market, By Region

5.1 Global microencapsulated paraffin phase change materials market regional insights
5.2 North America
- 5.2.1 Market estimates and forecast, 2018 - 2028
- 5.2.2 Market estimates and forecast, by end-user, 2018 - 2028
- 5.2.3 U.S.
  - 5.2.3.1 Market estimates and forecast, 2018 - 2028
  - 5.2.3.2 Market estimates and forecast, by end-user, 2018 - 2028
- 5.2.4 Canada
  - 5.2.4.1 Market estimates and forecast, 2018 - 2028
  - 5.2.4.2 Market estimates and forecast, by end-user, 2018 - 2028
5.3 Europe
- 5.3.1 Market estimates and forecast, 2018 - 2028
- 5.3.2 Market estimates and forecast, by end-user, 2018 - 2028
- 5.3.3 Germany
  - 5.3.3.1 Market estimates and forecast, 2018 - 2028
  - 5.3.3.2 Market estimates and forecast, by end-user, 2018 - 2028
- 5.3.4 UK
  - 5.3.4.1 Market estimates and forecast, 2018 - 2028
  - 5.3.4.2 Market estimates and forecast, by end-user, 2018 - 2028
- 5.3.5 France
  - 5.3.5.1 Market estimates and forecast, 2018 - 2028
  - 5.3.5.2 Market estimates and forecast, by end-user, 2018 - 2028
- 5.3.6 Spain
  - 5.3.6.1 Market estimates and forecast, 2018 - 2028
  - 5.3.6.2 Market estimates and forecast, by end-user, 2018 - 2028
- 5.3.7 Italy
  - 5.3.7.1 Market estimates and forecast, 2018 - 2028
  - 5.3.7.2 Market estimates and forecast, by end-user, 2018 - 2028
5.4 Asia Pacific
- 5.4.1 Market estimates and forecast, 2018 - 2028
- 5.4.2 Market estimates and forecast, by end-user, 2018 - 2028
- 5.4.3 China
  - 5.4.3.1 Market estimates and forecast, 2018 - 2028
  - 5.4.3.2 Market estimates and forecast, by end-user, 2018 - 2028
- 5.4.4 India
  - 5.4.4.1 Market estimates and forecast, 2018 - 2028
  - 5.4.4.2 Market estimates and forecast, by end-user, 2018 - 2028
- 5.4.5 Japan
  - 5.4.5.1 Market estimates and forecast, 2018 - 2028
  - 5.4.5.2 Market estimates and forecast, by end-user, 2018 - 2028
- 5.4.6 Australia
  - 5.4.6.1 Market estimates and forecast, 2018 - 2028
  - 5.4.6.2 Market estimates and forecast, by end-user, 2018 - 2028
5.5 Latin America
- 5.5.1 Market estimates and forecast, 2018 - 2028
- 5.5.2 Market estimates and forecast, by end-user, 2018 - 2028
- 5.5.3 Brazil
  - 5.5.3.1 Market estimates and forecast, 2018 - 2028
  - 5.5.3.2 Market estimates and forecast, by end-user, 2018 - 2028
- 5.5.4 Mexico
  - 5.5.4.1 Market estimates and forecast, 2018 - 2028
  - 5.5.4.2 Market estimates and forecast, by end-user, 2018 - 2028
- 5.5.5 Chile
  - 5.5.5.1 Market estimates and forecast, 2018 - 2028
  - 5.5.5.2 Market estimates and forecast, by end-user, 2018 - 2028
5.6 Middle East & Africa
- 5.6.1 Market estimates and forecast, 2018 - 2028
- 5.6.2 Market estimates and forecast, by end-user, 2018 - 2028
- 5.6.3 South Africa
  - 5.6.3.1 Market estimates and forecast, 2018 - 2028
  - 5.6.3.2 Market estimates and forecast, by end-user, 2018 - 2028
- 5.6.4 GCC
  - 5.6.4.1 Market estimates and forecast, 2018 - 2028
  - 5.6.4.2 Market estimates and forecast, by end-user, 2018 - 2028

Chapter 6 Company Profiles

6.1 BASF
- 6.1.1 Business Overview
- 6.1.2 Financial Data
- 6.1.3 Product Landscape
- 6.1.4 Strategic Outlook
- 6.1.5 SWOT Analysis
6.2 Rubitherm
- 6.2.1 Business Overview
- 6.2.2 Financial Data
- 6.2.3 Product Landscape
- 6.2.4 SWOT Analysis
6.3 Microtek Laboratories
- 6.3.1 Business Overview
- 6.3.2 Financial Data
- 6.3.3 Product Landscape
- 6.3.4 Strategic Outlook
- 6.3.5 SWOT Analysis
6.4 Andores New Energy CO., Ltd
- 6.4.1 Business Overview
- 6.4.2 Financial Data
- 6.4.3 Product Landscape
- 6.4.4 SWOT Analysis
6.5 Tempered Entropy
- 6.5.1 Business Overview
- 6.5.2 Financial Data
- 6.5.3 Product Landscape
- 6.5.4 SWOT Analysis