Phase Change Materials Market: The Key to Energy Efficiency and Thermal Comfort

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Phase Change Material Market size was valued at USD 1711.52 Mn. in 2022 and the total Phase Change Material revenue is expected to grow at 15.8% from 2023 to 2029, reaching nearly USD 4779.06 Mn.

Phase Change Material Market Overview:

This study categorises the Phase Change Material market Size in order to anticipate revenues and analyse trends in each of the sub-markets listed below.

The Competition Strategic Window investigates the competition landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their strengths and future growth possibilities.

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Market Scope:

The Phase Change Material Industry research provides readers with a more in-depth insight of the market and competitive landscape, helping them to make better decisions on market growth and expansion. The study includes a participant summary, revenue figures, capital investment, and worldwide Phase Change Material market growth rates.

Segmentation:

The Inorganic segment dominated the Phase Change Material (PCM) market by Type in 2021 and is likely to retain its dominance at the end of the forecast period. Inorganic PCMs have a relatively high heat of fusion, high thermal conductivity, low cost, and are non-flammable. The majority of them, however, are corrosive to most metals and suffer from supercooling and phase breakup. Hydrated salts are the most common inorganic PCMs, driving category development.

Hydrated salts are appealing for thermal energy storage due to their high storage density of roughly 240 kJ/kg, relatively good thermal conductivity of approximately 0.5 W/(mK), and low cost when compared to paraffin waxes. Glauber's salt, or Na2SO4H2O, is well known as one of the cheapest materials for thermal energy storage, with a melting temperature of 32–35°C and a high latent heat of 254 kJ/kg, albeit its applications are limited due to supercooling and phase segregation.

Global Phase Change Material Market, by Type (2022-2029)
• Inorganic
• Organic
Global Phase Change Material Market, by Application (2022-2029)
• HVAC
• Cold Chain & Packaging
• Thermal Energy Storage
• Electronics
• Textile
• Building & Construction
• Refrigeration & Equipment
• Others
Global Phase Change Material Market, by Form (2022-2029)
• Encapsulated
• Non-Encapsulated
Global Phase Change Material Market, by Encapsulation Technology (2022-2029)
• Macro
• Micro
• Molecular

1. Global Phase Change Material Market: Research Methodology
2. Global Phase Change Material Market: Executive Summary

• Market Overview and Definitions
• Introduction to Global Phase Change Material Market
• Summary
• Key Findings
• Recommendations for Investors
• Recommendations for Market Leaders
• Recommendations for New Market Entry

1. Global Phase Change Material Market: Competitive Analysis

• MMR Competition Matrix
• Market Structure by region
• Competitive Benchmarking of Key Players
• Consolidation in the Market
• M&A by region
• Key Developments by Companies
• Market Drivers
• Market Restraints
• Market Opportunities
• Market Challenges
• Market Dynamics
• PORTERS Five Forces Analysis
• PESTLE
• Regulatory Landscape by region
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
• COVID-19 Impact

1. Global Phase Change Material Market Segmentation

• Global Phase Change Material Market, by Type (2023-2029)
• Global Phase Change Material Market, by Product (2023-2029)
• Global Phase Change Material Market, by Application (2023-2029)
• Global Phase Change Material Market, by End-User (2023-2029)

1. Regional Phase Change Material Market(2023-2029)

• Regional Phase Change Material Market, by Type (2023-2029)
• Regional Phase Change Material Market, by Product (2023-2029)
• Regional Phase Change Material Market, by Application (2023-2029)
• Regional Phase Change Material Market, by End-User (2023-2029)
• Regional Phase Change Material Market, by Country (2023-2029)

1. Company Profile: Key players

• Company Overview
• Financial Overview
• Global Presence
• Capacity Portfolio
• Business Strategy
• Recent Developments

Key Players: The key players are

1. Cold Chain Technologies, Inc.
2. Croda International Plc.
3. Microtek Laboratories Inc.
4. Sasol Limited
5. PureTemp LLC.
6. Henkel AG & Company KGAA
7. Outlast Technologies LLC.
8. Advansa B.V.
9. AI Technology Inc.
10.Climator Sweden AB
11.Ciat Group
12.Honeywell Electronic Materials, Inc.
13.Phase Change Materials Products Ltd.
14.Rubitherm Technologies GmbH
15.Teappcm
16.BASF SE
17.SGL Group
18.Salca BV
19.Rubitherm Technologies GmbH
20.Pluss Advanced Technologies Pvt. Ltd.
21.RGEES, LLC.
22.Outlast Technologies LLC.

Regional Analysis:

The Phase Change Material market prediction research is created after a thorough examination of many geographical areas, including Asia-Pacific, Europe, North America, and the rest of the globe. North America has the greatest power over the Phase Change Material market share and will continue to be a major shareholder in the global Phase Change Material market.

COVID-19 Impact Analysis on Phase Change Material Market: The COVID-19 impact on the Phase Change Material market is also included in the report

Key Questions Answered in the Phase Change Material Market Report are:

• What will be the CAGR of the Phase Change Material market during the forecast period?
• Which segment emerged as the leading segment in the Phase Change Material market?
• Which are the prominent players in the Phase Change Material market?

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