Phase Change Material Market by Type, Application and Region - Global Forecast to 2026

DUBLIN, June 23, 2022 /PRNewswire/ -- The "Phase Change Material Market by Type(Organic, Inorganic), Application (Building & Construction, HVAC, Cold Chain & Packaging, Thermal Energy Storage, Textile, Electronics), Region - Global Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.

The phase change material market is estimated to grow to USD 1,004 million by 2026 from USD 477 million in 2021, at a CAGR of 16.0%.

Global warming and changing climate patterns are major environmental concerns. The European Union (EU) planned to reduce greenhouse gas emissions by 20% by 2020 and by 40% by 2030, with new environment-friendly technologies being required to achieve this objective.

The use of phase change material is expected to reduce the demand for coolers and heaters, and subsequently lower the demand for electricity. By incorporating phase change material in applications such as building and HVAC, companies now have the potential to earn 10-20 times more carbon credits than available through using other green insulating materials.

Regulations for carbon emission reductions such as the CRC Energy Efficiency Scheme in the UK have made it mandatory for non-energy-intensive organizations in the public and private sectors to reduce carbon emissions. There is an increasing demand for phase change material in buildings that reduces the required compressor load for heating and cooling buildings by maintaining required room temperatures, thus decreasing carbon emissions. All these factors are expected to drive the phase change material market.

Inorganic expected to be the largest phase change material type of the phase change material market, in terms of value, between 2021 and 2026

By type, the phase change material market is segmented into inorganic, and organic. Phase change material stores energy as latent heat, in contrast to materials that store energy as sensible heat or chemical energy. Inorganic accounted for the larger share of the global phase change material market in 2020 in terms of value. Rising demand for class-A fire rating phase change material in the country, accompanied by its increasing use in applications such as cold chain & packaging, and refrigeration & equipment drives the demand for inorganic phase change materials.

Government initiatives for the construction of green buildings to drive the demand for phase change materials in Europe

Europe was the largest market for phase change material in terms of both, value and volume in 2020. Growth of the overall phase change material market in the region is driven majorly by demand from the building & construction application and stringent government regulations regarding carbon emissions. The initiatives of governments for the construction of green buildings boosted market growth as phase change material helps in saving carbon credits allotted to each building. The cost of energy is also high in Europe, which drives demand for phase change material in the region.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Phase Change Material Market
4.2 Phase Change Material Market Size, by Region
4.3 Europe: Phase Change Material Market, by Application and Country, 2020
4.4 Phase Change Material Market Size, by Application
4.5 Phase Change Material Market Size, by Application Vs Region
4.6 Phase Change Material Market, by Key Countries

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Regulations for the Reduction of Greenhouse Gas Emissions
5.2.1.2 Use of Phase Change Material for Temperature Control and Greater Comfort
5.2.1.3 Use of Phase Change Material for Peak-Load Shifting
5.2.1.4 Alternative for Reducing Energy Cost
5.2.1.5 Reduction in Operating Cost for Cold Chain and Packaging Industry
5.2.1.6 Effective Solution for Temperature-Sensitive Applications
5.2.1.7 Technical Superiority Over Conventional Materials
5.2.1.7.1 Wide Range of Melting Temperatures
5.2.1.7.2 Availability of Phase Change Material in Various Grades
5.2.1.7.3 Long Operating Life
5.2.1.7.4 Use for Both, Cooling and Heating Purposes
5.2.1.7.5 High Heat Storage Capacity
5.2.2 Restraints
5.2.2.1 Lack of Awareness for the Benefits of Pcm
5.2.2.2 Flammability and Corrosiveness Restrict the Usage of Pcm
5.2.2.3 Lack of Government Subsidies
5.2.3 Opportunities
5.2.3.1 The Rise in the Need for Cold Chain Logistics
5.2.3.2 R&D Initiatives for Enhanced Phase Change Material Efficiency
5.2.4 Challenges
5.2.4.1 Relatively High Cost of Switching from Conventional Materials
5.2.4.2 Impact of COVID-19
5.3 Porter's Five Forces Analysis
5.4 Technology Analysis
5.4.1 Active Cooling--Based Battery Thermal Management Using Composite Phase Change Materials
5.4.2 Nanoscale Switching
5.5 Macroeconomic Indicators
5.5.1 GDP Trends and Forecast of Major Economies
5.6 COVID-19 Impact
5.6.1 Introduction
5.6.2 COVID-19 Health Assessment
5.6.3 COVID-19 Economic Assessment
5.6.3.1 COVID-19 Impact on the Economy - Scenario Assessment
5.7 Impact of COVID-19: Customer Analysis

6 Industry Trends
6.1 Supply Chain Analysis
6.1.1 Raw Material
6.1.2 Manufacturing of Phase Change Material
6.1.3 Distribution to End-users
6.1.4 Application
6.2 Trends/Disruptions Impacting Customer's Business
6.2.1 Revenue Shifts & Revenue Pockets for Phase Change Material Market
6.3 Connected Markets: Ecosystem
6.4 Case Study Analysis
6.4.1 a Case Study on Heatventors Server Cooling Using Crodatherm
6.4.2 a Case Study on Cold Chain Logistics
6.5 Trade Analysis
6.5.1 Import Scenario of Phase Change Material
6.5.2 Export Scenario of Phase Change Material
6.6 Average Selling Price
6.7 Phase Change Material Market: Realistic, Pessimistic, Optimistic, and Non-COVID-19 Scenario
6.7.1 Non-COVID-19 Scenario
6.7.2 Optimistic Scenario
6.7.3 Pessimistic Scenario
6.7.4 Realistic Scenario
6.8 Regulatory Landscape
6.8.1 Regulations Related to Phase Change Material Market
6.9 Patent Analysis
6.9.1 Approach
6.9.2 Document Type
6.9.3 Jurisdiction Analysis
6.9.4 Top Applicants

7 Phase Change Material Market, by Type
7.1 Introduction
7.2 Inorganic Pcm
7.2.1 The Inflammable Nature of Inorganic Pcms to Drive the Demand During the Forecast Period
7.3 Organic Pcm
7.3.1 Paraffin are the Most Widely Used Organic Pcms
7.3.2 Bio-Based Pcm

8 Phase Change Material Market, by Application
8.1 Introduction
8.2 Cold Chain & Packaging
8.2.1 The Need to Transport Temperature-Sensitive Goods to Drive Demand for Phase Change Material
8.3 Building & Construction
8.3.1 The Need for Temperature Control in Building & Construction to Drive Demand for Phase Change Materials
8.4 HVAC
8.4.1 The Need for Intelligent Heating and Cooling Systems to Drive the Demand for Phase Change Material
8.5 Thermal Energy Storage (Tes)
8.5.1 The Use of Phase Change Material for Storing Renewable Energy to Drive Demand in the Tes Application
8.5.2 Boiler/ Power Plant
8.5.3 Solar Energy Storage
8.5.4 Geothermal Energy Storage
8.6 Refrigeration & Equipment
8.6.1 The Increasing Use of Chillers, Passive Shippers, and Active Compressor Units to Drive the Demand for Phase Change Materials
8.6.2 Fixed Refrigeration
8.7 Textiles
8.7.1 The Demand for Phase Change Materials in Textiles is Increasing Owing to the Need for Thermo-Physical Comfort
8.7.2 Incorporation of Phase Change Material in Textiles
8.8 Electronics
8.8.1 The Use of Phase Change Materials for Thermal Management in Electronic Items to Drive Demand
8.8.2 Phase Change Memory (Pcram)
8.8.3 Thermal Interface Material (Tim)
8.9 Others
8.9.1 Automotive
8.9.2 Healthcare
8.9.3 Telecommunication

9 Phase Change Material Market, by Region

10 Competitive Landscape
10.1 Introduction
10.2 Strategies Adopted by Key Players
10.2.1 Overview of Strategies Adopted by Key Phase Change Material Manufacturers
10.3 Market Share Analysis
10.3.1 Ranking of Key Market Players, 2020
10.3.2 Market Share of Key Players
10.3.2.1 Puretemp LLC
10.3.2.2 Climator Sweden Ab
10.3.2.3 Croda International plc.
10.3.3 Revenue Analysis of Top Three Players
10.4 Company Product Footprint Analysis
10.5 Company Evaluation Quadrant (Tier 1)
10.5.1 Stars
10.5.2 Emerging Leaders
10.5.3 Participant
10.6 Start-Up/Smes Evaluation Quadrant
10.6.1 Progressive Companies
10.6.2 Responsive Companies
10.6.3 Starting Blocks
10.7 Competitive Situation and Trends
10.7.1 New Product Launches
10.7.2 Deals
10.7.3 Other Developments

11 Company Profiles
11.1 Major Players
11.1.1 Puretemp LLC
11.1.2 Climator Sweden Ab
11.1.3 Croda International plc.
11.1.4 Sasol Limited
11.1.5 Rubitherm Technologies GmbH
11.1.6 Microtek Laboratories Inc.
11.1.7 Pluss Advanced Technologies Pvt. Ltd.
11.1.8 Dupont De Nemours, Inc.
11.1.9 Honeywell Electronic Materials Inc.
11.1.10 Phase Change Energy Solutions
11.1.11 Cold Chain Technologies
11.1.12 Outlast Technologies LLC
11.1.13 Henkel AG & Company KGaA
11.1.14 Phase Change Materials Products Ltd
11.2 Other Key Market Players
11.2.1 Advansa B.V.
11.2.2 Ai Technology Inc.
11.2.3 Beyond Industries (China) Limited
11.2.4 Boyd Corporation
11.2.5 Ciat Group (Cristopia Energy Systems)
11.2.6 Cryopak Industries Inc.
11.2.7 Datum Phase Change Limited
11.2.8 Global-E-Systems Europe Bv
11.2.9 Insolcorp Inc.
11.2.10 Iolitec-Ionic Liquids Technologies GmbH
11.2.11 Kaplan Energy Sas
11.2.12 Parker Hannifin Corp.
11.2.13 Salca Bv
11.2.14 Shenzen Aochuan Technology Co., Ltd.
11.2.15 Shin-Etsu Chemical Co., Ltd
11.2.16 Teappcm
11.2.17 Encapsys LLC
11.2.18 Coolcomposite Inc.

12 Adjacent & Related Markets

13 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/w20a7i

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets