Advanced Phase Change Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

The advanced phase change materials market is currently being catalyzed by a rising demand for energy efficient and environment friendly technology. According to IMARC Group, this market reached a value of US$ 1,475 Million in 2020. Based upon their unique structure, these materials have the ability to absorb, store and release energy during a phase transition. During the energy conversion process, these materials can be converted from liquid to solid or solid to liquid based upon their application. This makes them ideal for a diverse range of end uses which require temperature control. The material, during the transition process, absorbs energy as it changes from a solid to a liquid and releases energy as it changes back to a solid. Advanced PCMs are mainly segmented into organic PCMs, inorganic PCMs, bio-based PCMs and other PCMs, based on the technology of the material used in the application. Organic PCMs are additionally segmented as paraffin and non-paraffin materials, and inorganic PCMs are further categorized in metallic and salt hydrate. Bio-based APCMs are generally extracted from animal fat or plant oil and postures higher biodegradability over others.

The factors driving the demand for advanced phase change materials include an increasing awareness towards reducing greenhouse gas emissions, strict building codes and a rising demand for renewable sources of energy. Additionally, the augmented demand for these materials from the building and construction industry is further fueling the growth of the market. Moreover, due to the adoption of these materials across a diverse range of applications, such as packaging, HVAC, refrigeration, electronics, textiles, etc., the advanced phase change materials market is expected to register continuous growth in the near future. Furthermore, factors such as a growing awareness for energy conservation, continued technological developments and rising levels of urbanization in developing countries are expected to be additional drivers for this market. Looking forward, IMARC Group expects the global advanced phase change materials market to exhibit strong growth during the next five years.

Market Summary:

• Based on type, the market has been segmented as organic PCM, inorganic PCM and bio-based PCM. Currently, organic PCM dominate the market, holding the largest share.
• Based on form, the market has been segmented as encapsulated and non-encapsulated. Currently, encapsulated PCM dominates the market, holding the largest share.
• On the basis of application, the market has been segmented as building and construction, packaging, HVAC, textiles, electronics and others. Currently, building and construction dominate the market, holding the largest share.
• Region-wise, the market has been segmented into Europe, North America, Asia Pacific, Middle East and Africa, and Latin America. Amongst these, Europe is the leading market, accounting for the majority of the market share.
• The competitive landscape of the market has also been examined with some of the key players being BASF, Cryopak, Entropy Solutions, Honeywell International, Outlast Technologies, Climator, Croda International, PCM Products, Phase Change Energy Solutions, PLUSS Advanced Technologies, RGEES, Rubitherm Technologies, Salca and SGL Group.
• This report provides a deep insight into the global advanced phase change materials market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the advanced phase change materials industry in any manner.

Key Questions Answered in This Report:

• How has the global advanced phase change materials market performed so far and how will it perform in the coming years?
• What are the key regions in the global advanced phase change materials market?
• What has been the impact of COVID-19 on the global advanced phase change materials market?
• What are the major application segments in the global advanced phase change materials market?
• What are the major forms in the global advanced phase change materials market?
• What are the key product types in the global advanced phase change materials market?
• What are the price trends of advanced phase change materials?
• What are the various stages in the value chain of the global advanced phase change materials industry?
• What are the key driving factors and challenges in the global advanced phase change materials industry?
• What is the structure of the global advanced phase change materials industry and who are the key players?
• What is the degree of competition in the global advanced phase change materials market?
• How are advanced phase change materials manufactured?

Table of Contents

1 Preface

2 Scope and Methodology

• 2.1 Objectives of the Study
• 2.2 Stakeholders
• 2.3 Data Sources
  • 2.3.1 Primary Sources
  • 2.3.2 Secondary Sources
• 2.4 Market Estimation
  • 2.4.1 Bottom-Up Approach
  • 2.4.2 Top-Down Approach
• 2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

• 4.1 Overview
• 4.2 Key Industry Trends

5 Global Advanced Phase Change Materials Market

• 5.1 Market Overview
• 5.2 Market Performance
• 5.3 Impact of COVID-19
• 5.4 Market Breakup by Type
• 5.5 Market Breakup by Form
• 5.6 Market Breakup by Application
• 5.7 Market Breakup by Region
• 5.8 Market Forecast
• 5.9 SWOT Analysis
  • 5.9.1 Overview
  • 5.9.2 Strengths
  • 5.9.3 Weaknesses
  • 5.9.4 Opportunities
  • 5.9.5 Threats
• 5.10 Value Chain Analysis
  • 5.10.1 Overview
  • 5.10.2 Research and Development
  • 5.10.3 Raw Material Procurement
  • 5.10.4 Manufacturing
  • 5.10.5 Distribution
  • 5.10.6 Export
  • 5.10.7 End-Use
• 5.11 Porters Five Forces Analysis
  • 5.11.1 Overview
  • 5.11.2 Bargaining Power of Buyers
  • 5.11.3 Bargaining Power of Suppliers
  • 5.11.4 Degree of Competition
  • 5.11.5 Threat of New Entrants
  • 5.11.6 Threat of Substitutes
• 5.12 Price Analysis
  • 5.12.1 Key Price Indicators
  • 5.12.2 Price Structure
  • 5.12.3 Price Trends

6 Market Breakup by Type

• 6.1 Organic PCM
  • 6.1.1 Market Trends
  • 6.1.2 Market Forecast
• 6.2 Inorganic PCM
  • 6.2.1 Market Trends
  • 6.2.2 Market Forecast
• 6.3 Bio-Based PCM
  • 6.3.1 Market Trends
  • 6.3.2 Market Forecast

7 Market Breakup by Form

• 7.1 Encapsulated
  • 7.1.1 Market Trends
  • 7.1.2 Market Forecast
• 7.2 Non-Encapsulated
  • 7.2.1 Market Trends
  • 7.2.2 Market Forecast

8 Market Breakup by Application

• 8.1 Building and Construction
  • 8.1.1 Market Trends
  • 8.1.2 Market Forecast
• 8.2 Packaging
  • 8.2.1 Market Trends
  • 8.2.2 Market Forecast
• 8.3 HVAC
  • 8.3.1 Market Trends
  • 8.3.2 Market Forecast
• 8.4 Textiles
  • 8.4.1 Market Trends
  • 8.4.2 Market Forecast
• 8.5 Electronics
  • 8.5.1 Market Trends
  • 8.5.2 Market Forecast
• 8.6 Others
  • 8.6.1 Market Trends
  • 8.6.2 Market Forecast

9 Market Breakup by Region

• 9.1 Europe
  • 9.1.1 Market Trends
  • 9.1.2 Market Forecast
• 9.2 North America
  • 9.2.1 Market Trends
  • 9.2.2 Market Forecast
• 9.3 Asia Pacific
  • 9.3.1 Market Trends
  • 9.3.2 Market Forecast
• 9.4 Middle East and Africa
  • 9.4.1 Market Trends
  • 9.4.2 Market Forecast
• 9.5 Latin America
  • 9.5.1 Market Trends
  • 9.5.2 Market Forecast

10 Advanced Phase Change Materials Manufacturing Process

• 10.1 Product Overview
• 10.2 Raw Material Requirements
• 10.3 Manufacturing Process
• 10.4 Key Success and Risk Factors

11 Competitive Landscape

• 11.1 Market Structure
• 11.2 Key Players
• 11.3 Profiles of Key Players
  • 11.3.1 BASF
  • 11.3.2 Cryopak
  • 11.3.3 Entropy Solutions
  • 11.3.4 Honeywell International
  • 11.3.5 Outlast Technologies
  • 11.3.6 Climator
  • 11.3.7 Croda International
  • 11.3.8 PCM Products
  • 11.3.9 Phase Change Energy Solutions
  • 11.3.10 PLUSS Advanced Technologies
  • 11.3.11 RGEES
  • 11.3.12 Rubitherm Technologies
  • 11.3.13 Salca
  • 11.3.14 SGL Group

List of Figures

• Figure 1: Global: Advanced Phase Change Materials Market: Major Drivers and Challenges
• Figure 2: Global: Advanced Phase Change Materials Market: Sales Value (in Million US$), 2015-2020
• Figure 3: Global: Advanced Phase Change Materials Market: Breakup by Type (in %), 2020
• Figure 4: Global: Advanced Phase Change Materials Market: Breakup by Form (in %), 2020
• Figure 5: Global: Advanced Phase Change Materials Market: Breakup by Application (in %), 2020
• Figure 6: Global: Advanced Phase Change Materials Market: Breakup by Region (in %), 2020
• Figure 7: Global: Advanced Phase Change Materials Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 8: Global: Advanced Phase Change Materials Industry: SWOT Analysis
• Figure 9: Global: Advanced Phase Change Materials Industry: Value Chain Analysis
• Figure 10: Global: Advanced Phase Change Materials Industry: Porter's Five Forces Analysis
• Figure 11: Organic PCM (Paraffin Based) Manufacturing: Total Production Cost Breakup (in %)
• Figure 12: Global: Advanced Phase Change Materials Market: Average Prices (in US$/Ton), 2015 and 2021-2026
• Figure 13: Global: Advanced Phase Change Materials (Organic PCM) Market: Sales Value (in Million US$), 2015 & 2020
• Figure 14: Global: Advanced Phase Change Materials (Organic PCM) Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 15: Global: Advanced Phase Change Materials (Inorganic PCM) Market: Sales Value (in Million US$), 2015 & 2020
• Figure 16: Global: Advanced Phase Change Materials (Inorganic PCM) Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 17: Global: Advanced Phase Change Materials (Bio-Based PCM) Market: Sales Value (in Million US$), 2015 & 2020
• Figure 18: Global: Advanced Phase Change Materials (Bio-Based PCM) Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 19: Global: Advanced Phase Change Materials (Encapsulated) Market: Sales Value (in Million US$), 2015 & 2020
• Figure 20: Global: Advanced Phase Change Materials (Encapsulated) Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 21: Global: Advanced Phase Change Materials (Non-Encapsulated) Market: Sales Value (in Million US$), 2015 & 2020
• Figure 22: Global: Advanced Phase Change Materials (Non-Encapsulated) Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 23: Global: Advanced Phase Change Materials (Application in Building and Construction) Market: Sales Value (in Million US$), 2015 & 2020
• Figure 24: Global: Advanced Phase Change Materials (Application in Building and Construction) Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 25: Global: Advanced Phase Change Materials (Application in Packaging) Market: Sales Value (in Million US$), 2015 & 2020
• Figure 26: Global: Advanced Phase Change Materials (Application in Packaging) Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 27: Global: Advanced Phase Change Materials (Application in HVAC) Market: Sales Value (in Million US$), 2015 & 2020
• Figure 28: Global: Advanced Phase Change Materials (Application in HVAC) Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 29: Global: Advanced Phase Change Materials (Application in Textiles) Market: Sales Value (in Million US$), 2015 & 2020
• Figure 30: Global: Advanced Phase Change Materials (Application in Textiles) Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 31: Global: Advanced Phase Change Materials (Application in Electronics) Market: Sales Value (in Million US$), 2015 & 2020
• Figure 32: Global: Advanced Phase Change Materials (Application in Electronics) Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 33: Global: Advanced Phase Change Materials (Other Applications) Market: Sales Value (in Million US$), 2015 & 2020
• Figure 34: Global: Advanced Phase Change Materials (Other Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 35: Europe: Advanced Phase Change Materials Market: Sales Value (in Million US$), 2015 & 2020
• Figure 36: Europe: Advanced Phase Change Materials Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 37: North America: Advanced Phase Change Materials Market: Sales Value (in Million US$), 2015 & 2020
• Figure 38: North America: Advanced Phase Change Materials Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 39: Asia Pacific: Advanced Phase Change Materials Market: Sales Value (in Million US$), 2015 & 2020
• Figure 40: Asia Pacific: Advanced Phase Change Materials Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 41: Middle East and Africa: Advanced Phase Change Materials Market: Sales Value (in Million US$), 2015 & 2020
• Figure 42: Middle East and Africa: Advanced Phase Change Materials Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 43: Latin America: Advanced Phase Change Materials Market: Sales Value (in Million US$), 2015 & 2020
• Figure 44: Latin America: Advanced Phase Change Materials Market Forecast: Sales Value (in Million US$), 2021-2026
• Figure 45: Advanced Phase Change Materials Manufacturing: Detailed Process Flow

List of Tables

• Table 1: Global: Advanced Phase Change Materials Market: Key Industry Highlights, 2020 and 2026
• Table 2: Global: Advanced Phase Change Materials Market Forecast: Breakup by Type (in Million US$), 2021-2026
• Table 3: Global: Advanced Phase Change Materials Market Forecast: Breakup by Form (in Million US$), 2021-2026
• Table 4: Global: Advanced Phase Change Materials Market Forecast: Breakup by Application (in Million US$), 2021-2026
• Table 5: Global: Advanced Phase Change Materials Market Forecast: Breakup by Region (in Million US$), 2021-2026
• Table 6: Advanced Phase Change Materials Manufacturing: Raw Material Requirements
• Table 7: Global: Advanced Phase Change Materials Market: Competitive Structure
• Table 8: Global: Advanced Phase Change Materials Market: Key Players