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The Global Phase Change Material Market is expected to reach $1,528.51 million by 2028 growing at a CAGR of 18.1% from 2021 to 2028. PCM is a substance material with a elevated heat of synthesis which, melting and solidifying at a certain temperature, is capable of storing and releasing energy in large amount. The PCM’s are classified as latent heat storage (LHS) units as the heat is engrossed or unconfined when the material changes from solid to liquid or vice-versa. Temperature controlled packaging based on PCMs is used for transporting life-saving drugs and pharmaceuticals and perishable foods. This is uplifting the market of the PCM’s. The PCM’s are increasingly used in the logistics and cold chain, electronic applications, buildings textiles and others. Factors such as reduction in operating cost for cold chain and packaging industry, growing popularity of bio-based phase change materials, and environmental concerns over reducing greenhouse emissions are driving the growth of the market. However, lack of awareness for the benefits of phase change material is restraining the growth of the market. Based on end user, the building & construction segment is estimated to have a significant growth. The application of phase change material in buildings ensures temperature regulation in rooms. The buildings and construction industry accounts for 36% of global final energy use, and the progression to achieve the sustainable development goals (SDGs) of the United Nations (UN) will lead to more construction, and the energy intensity per square meter in the buildings will need to improve by 30% by 2030. In order to suffice the energy requirement and increase efficiency, it will be necessary to use phase change materials to store some of the energy that is used during the construction. The growth in the buildings and construction sector coupled with the demand for energy storage will largely support the phase change materials market. The key vendors mentioned are Microtek Laboratories Inc., Honeywell International Inc., PureTemp LLC, The Dow Chemical Company, Sasol Limited, Henkel AG & Co. KGaA, Rubitherm Technologies GmbH, Laird Technologies, Inc, Croda International Plc, PCM Products Ltd, Axiotherm GmbH, BASF SE, Cold Chain Technologies, Outlast Technologies, and Phase change product Pvt. Ltd. Types Covered: • Organic PCM • Hygroscopics • Inorganic PCM • Eutectics Temperature Ranges Covered: • 10 to 15 deg C • 2 to 8 deg C • -20 to -35 deg C Equipments Covered: • Carriers • Refrigerators • Cold Boxes Encapsulation Technology Types Covered: • Micro • Macro • Molecular Applications Covered: • Negative Temperature • Positive Temperature End Users Covered: • Hospitals/Healthcare • Biopharmaceutical Companies • Medical Laboratories • Chemical Industries • Aerospace & Automotive • Cold Chain & Packaging • Textiles and Apparel • Refrigeration & Equipment • Thermal Energy Storage • Building & Construction • Electrical & Electronics • Heating, Ventilation, and Air Conditioning (HVAC) • Shipping & Transportation • Solar Energy Storage • Telecommunications Regions Covered: • North America • Europe • Asia Pacific • South America • Middle East & Africa Key Questions Answered in this Report: • How this market evolved since the year 2020 • Market size estimations, forecasts and CAGR for all the segments presented in the scope • Key Market Developments and financials of the key players • Opportunity Analysis for the new entrants • SWOT Analysis of the key players • Fastest growing markets analyzed during the forecast period
1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Phase Change Material Market, By Type
5.1 Introduction
5.2 Organic PCM
5.3 Hygroscopics
5.4 Inorganic PCM
5.5 Eutectics
6 Global Phase Change Material Market, By Temperature Range
6.1 Introduction
6.2 10 to 15 deg C
6.3 2 to 8 deg C
6.4 -20 to -35 deg C
7 Global Phase Change Material Market, By Equipment
7.1 Introduction
7.2 Carriers
7.3 Refrigerators
7.4 Cold Boxes
8 Global Phase Change Material Market, By Encapsulation Technology Type
8.1 Introduction
8.2 Micro
8.3 Macro
8.4 Molecular
9 Global Phase Change Material Market, By Application
9.1 Introduction
9.2 Negative Temperature
9.3 Positive Temperature
10 Global Phase Change Material Market, By End User
10.1 Introduction
10.2 Hospitals/Healthcare
10.3 Biopharmaceutical Companies
10.4 Medical Laboratories
10.5 Chemical Industries
10.6 Aerospace & Automotive
10.7 Cold Chain & Packaging
10.8 Textiles and Apparel
10.9 Refrigeration & Equipment
10.10 Thermal Energy Storage
10.11 Building & Construction
10.12 Electrical & Electronics
10.13 Heating, Ventilation, and Air Conditioning (HVAC)
10.14 Shipping & Transportation
10.15 Solar Energy Storage
10.16 Telecommunications
11 Global Phase Change Material Market, By Geography
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia Pacific
11.5 South America
11.6 Middle East & Africa
12 Strategic Benchmarking
13 Vendors Landscape
13.1 Microtek Laboratories Inc.
13.2 Honeywell International Inc.
13.3 PureTemp LLC
13.4 The Dow Chemical Company
13.5 Sasol Limited
13.6 Henkel AG & Co. KGaA
13.7 Rubitherm Technologies GmbH
13.8 Laird Technologies, Inc
13.9 Croda International Plc
13.10 PCM Products Ltd
13.11 Axiotherm GmbH
13.12 BASF SE
13.13 Cold Chain Technologies
13.14 Outlast Technologies
13.15 Phase change product Pvt. Ltd.
List of Data Tables
1 Global Phase Change Material Market Outlook, By Region (2020-2028) ($MN)
2 Global Phase Change Material Market Outlook, By Type (2020-2028) ($MN)
3 Global Phase Change Material Market Outlook, By Organic PCM (2020-2028) ($MN)
4 Global Phase Change Material Market Outlook, By Hygroscopics (2020-2028) ($MN)
5 Global Phase Change Material Market Outlook, By Inorganic PCM (2020-2028) ($MN)
6 Global Phase Change Material Market Outlook, By Eutectics (2020-2028) ($MN)
7 Global Phase Change Material Market Outlook, By Temperature Range (2020-2028) ($MN)
8 Global Phase Change Material Market Outlook, By 10 to 15 deg C (2020-2028) ($MN)
9 Global Phase Change Material Market Outlook, By 2 to 8 deg C (2020-2028) ($MN)
10 Global Phase Change Material Market Outlook, By -20 to -35 deg C (2020-2028) ($MN)
11 Global Phase Change Material Market Outlook, By Equipment (2020-2028) ($MN)
12 Global Phase Change Material Market Outlook, By Carriers (2020-2028) ($MN)
13 Global Phase Change Material Market Outlook, By Refrigerators (2020-2028) ($MN)
14 Global Phase Change Material Market Outlook, By Cold Boxes (2020-2028) ($MN)
15 Global Phase Change Material Market Outlook, By Encapsulation Technology Type (2020-2028) ($MN)
16 Global Phase Change Material Market Outlook, By Micro (2020-2028) ($MN)
17 Global Phase Change Material Market Outlook, By Macro (2020-2028) ($MN)
18 Global Phase Change Material Market Outlook, By Molecular (2020-2028) ($MN)
19 Global Phase Change Material Market Outlook, By Application (2020-2028) ($MN)
20 Global Phase Change Material Market Outlook, By Negative Temperature (2020-2028) ($MN)
21 Global Phase Change Material Market Outlook, By Positive Temperature (2020-2028) ($MN)
22 Global Phase Change Material Market Outlook, By End User (2020-2028) ($MN)
23 Global Phase Change Material Market Outlook, By Hospitals/Healthcare (2020-2028) ($MN)
24 Global Phase Change Material Market Outlook, By Biopharmaceutical Companies (2020-2028) ($MN)
25 Global Phase Change Material Market Outlook, By Medical Laboratories (2020-2028) ($MN)
26 Global Phase Change Material Market Outlook, By Chemical Industries (2020-2028) ($MN)
27 Global Phase Change Material Market Outlook, By Aerospace & Automotive (2020-2028) ($MN)
28 Global Phase Change Material Market Outlook, By Cold Chain & Packaging (2020-2028) ($MN)
29 Global Phase Change Material Market Outlook, By Textiles and Apparel (2020-2028) ($MN)
30 Global Phase Change Material Market Outlook, By Refrigeration & Equipment (2020-2028) ($MN)
31 Global Phase Change Material Market Outlook, By Thermal Energy Storage (2020-2028) ($MN)
32 Global Phase Change Material Market Outlook, By Building & Construction (2020-2028) ($MN)
33 Global Phase Change Material Market Outlook, By Electrical & Electronics (2020-2028) ($MN)
34 Global Phase Change Material Market Outlook, By Heating, Ventilation, and Air Conditioning (HVAC) (2020-2028) ($MN)
35 Global Phase Change Material Market Outlook, By Shipping & Transportation (2020-2028) ($MN)
36 Global Phase Change Material Market Outlook, By Solar Energy Storage (2020-2028) ($MN)
37 Global Phase Change Material Market Outlook, By Telecommunications (2020-2028) ($MN)
38 North America Phase Change Material Market Outlook, By Type (2020-2028) ($MN)
39 North America Phase Change Material Market Outlook, By Temperature Range (2020-2028) ($MN)
40 North America Phase Change Material Market Outlook, By Equipment (2020-2028) ($MN)
41 North America Phase Change Material Market Outlook, By Encapsulation Technology Type (2020-2028) ($MN)
42 North America Phase Change Material Market Outlook, By Application (2020-2028) ($MN)
43 North America Phase Change Material Market Outlook, By End User (2020-2028) ($MN)
44 Europe Phase Change Material Market Outlook, By Type (2020-2028) ($MN)
45 Europe Phase Change Material Market Outlook, By Temperature Range (2020-2028) ($MN)
46 Europe Phase Change Material Market Outlook, By Equipment (2020-2028) ($MN)
47 Europe Phase Change Material Market Outlook, By Encapsulation Technology Type (2020-2028) ($MN)
48 Europe Phase Change Material Market Outlook, By Application (2020-2028) ($MN)
49 Europe Phase Change Material Market Outlook, By End User (2020-2028) ($MN)
50 Asia Pacific Phase Change Material Market Outlook, By Type (2020-2028) ($MN)
51 Asia Pacific Phase Change Material Market Outlook, By Temperature Range (2020-2028) ($MN)
52 Asia Pacific Phase Change Material Market Outlook, By Equipment (2020-2028) ($MN)
53 Asia Pacific Phase Change Material Market Outlook, By Encapsulation Technology Type (2020-2028) ($MN)
54 Asia Pacific Phase Change Material Market Outlook, By Application (2020-2028) ($MN)
55 Asia Pacific Phase Change Material Market Outlook, By End User (2020-2028) ($MN)
56 South America Phase Change Material Market Outlook, By Type (2020-2028) ($MN)
57 South America Phase Change Material Market Outlook, By Temperature Range (2020-2028) ($MN)
58 South America Phase Change Material Market Outlook, By Equipment (2020-2028) ($MN)
59 South America Phase Change Material Market Outlook, By Encapsulation Technology Type (2020-2028) ($MN)
60 South America Phase Change Material Market Outlook, By Application (2020-2028) ($MN)
61 South America Phase Change Material Market Outlook, By End User (2020-2028) ($MN)
62 Middle East & Africa Phase Change Material Market Outlook, By Type (2020-2028) ($MN)
63 Middle East & Africa Phase Change Material Market Outlook, By Temperature Range (2020-2028) ($MN)
64 Middle East & Africa Phase Change Material Market Outlook, By Equipment (2020-2028) ($MN)
65 Middle East & Africa Phase Change Material Market Outlook, By Encapsulation Technology Type (2020-2028) ($MN)
66 Middle East & Africa Phase Change Material Market Outlook, By Application (2020-2028) ($MN)
67 Middle East & Africa Phase Change Material Market Outlook, By End User (2020-2028) ($MN)