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$ 847 Million in 2017. 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, the market value is projected to exceed US$ 2,118 Million by 2023, exhibiting a CAGR of around 16.5% during 2018-2023.
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 global 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 market 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 regional markets in the global advanced phase change materials industry?
- What are the major application segments in the global advanced phase change materials industry?
- What are the major forms in the global advanced phase change materials industry?
- What are the key product types in the global advanced phase change materials industry?
- 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 market?
- What are the key driving factors and challenges in the global advanced phase change materials market?
- What is the structure of the global advanced phase change materials market 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?
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 Market Breakup by Type
5.4 Market Breakup by Form
5.5 Market Breakup by Application
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.9.1 Overview
5.9.2 Research and Development
5.9.3 Raw Material Procurement
5.9.4 Manufacturing
5.9.5 Marketing
5.9.6 Distribution
5.9.7 End-Use
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
5.11 Price Analysis
5.11.1 Price Indicators
5.11.2 Price Structure
5.11.3 Price Trends
6 Market Breakup by Type
6.1 Organic PCM
6.2 Inorganic PCM
6.3 Bio-Based PCM
7 Market Breakup by Form
7.1 Encapsulated
7.2 Non-Encapsulated
8 Market Breakup by Application
8.1 Building and Construction
8.2 Packaging
8.3 HVAC
8.4 Textiles
8.5 Electronics
8.6 Others
9 Market Breakup by Region
9.1 Europe
9.2 North America
9.3 Asia Pacific
9.4 Middle East and Africa
9.5 Latin America
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$), 2010-2017
Figure 3: Global: Advanced Phase Change Materials Market: Breakup by Type (in %), 2017
Figure 4: Global: Advanced Phase Change Materials Market: Breakup by Form (in %), 2017
Figure 5: Global: Advanced Phase Change Materials Market: Breakup by Application (in %), 2017
Figure 6: Global: Advanced Phase Change Materials Market: Breakup by Region (in %), 2017
Figure 7: Global: Advanced Phase Change Materials Market Forecast: Sales Value (in Million US$), 2018-2023
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: Global: Advanced Phase Change Materials Market (Organic PCM): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 12: Global: Advanced Phase Change Materials Market (Inorganic PCM): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 13:Global: Advanced Phase Change Materials Market (Bio-Based PCM): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 14: Global: Advanced Phase Change Materials Market (Encapsulated): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 15: Global: Advanced Phase Change Materials Market (Non-Encapsulated): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 16: Global: Advanced Phase Change Materials Market (Application in Building and Construction): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 17: Global: Advanced Phase Change Materials Market (Application in Packaging): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 18: Global: Advanced Phase Change Materials Market (Application in HVAC): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 19: Global: Advanced Phase Change Materials Market (Application in Textiles): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 20: Global: Advanced Phase Change Materials Market (Application in Electronics): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 21: Global: Advanced Phase Change Materials Market (Other Applications): Sales Value (in Million US$), 2010, 2017 & 2023
Figure 22: Europe: Advanced Phase Change Materials Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 23: North America: Advanced Phase Change Materials Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 24: Asia Pacific: Advanced Phase Change Materials Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 25: Middle East and Africa: Advanced Phase Change Materials Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 26: Latin America: Advanced Phase Change Materials Market: Sales Value (in Million US$), 2010, 2017 & 2023
Figure 27: Advanced Phase Change Materials Manufacturing: Process Flow
List of Tables
Table 1: Global: Advanced Phase Change Materials Market: Key Industry Highlights, 2017 and 2023
Table 2: Global: Advanced Phase Change Materials Market Forecast: Breakup by Type (in Million US$), 2018-2023
Table 3: Global: Advanced Phase Change Materials Market Forecast: Breakup by Form (in Million US$), 2018-2023
Table 4: Global: Advanced Phase Change Materials Market Forecast: Breakup by Application (in Million US$), 2018-2023
Table 5: Global: Advanced Phase Change Materials Market Forecast: Breakup by Region (in Million US$), 2018-2023
Table 6: Advanced Phase Change Materials: Raw Material Requirements
Table 7: Global: Advanced Phase Change Materials Market Structure
Table 8: Global: Advanced Phase Change Materials Market: Key Players