Global Advanced Phase Change Materials Market: By Type: Organic PCM, Inorganic PCM, Bio-Based PCM; By Form; By Application; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Value Chain Analysis; Manufacturing Process; Price Analysis; Competitive Landscape; Industry Events and Developments

Global Advanced Phase Change Materials Market Outlook

The global advanced phase change materials market attained a value of USD 1233 million in 2019. The market is expected to grow at a CAGR of about 16.9% in the forecast period of 2020-2025 to reach a value of approximately USD 3147 million by 2025.

Europe is the leading regional market for advanced phase change materials, accounting for the majority of the market share. Apart from Europe, the United States is expected to be one of the leading markets for the product. The demand for the industry in the regions is growing due to the strict regulations of the governments to minimise greenhouse gas emissions. The increasing application of phase change material in various industries, including automotive, is boosting the growth of the industry further in these regions. Moreover, the growing use of the product in the HVAC sector for increasing energy savings is likely to propel the industry growth further.

Organic PCM is the leading type in the global advanced phase change materials market. Based on form, encapsulated PCMs are dominating the overall industry. The application sector is being led by the building and construction sector, accounting for the largest market share.

 

Global Advanced Phase Change Materials Market Report and Forecast 2020-2025

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Properties and Applications

Phase change materials (PCMs) refer to materials, which can absorb, store as well as release significant quantities of energy during the transformation process because of their specific structure. As they freeze and absorb vast amounts of heat from the atmosphere during their melting, they generate energy in the form of latent heat. The latent heat transition could be performed in various phase changes such as solid-gas, solid-solid, and solid-liquid. Such materials can improve sustainable energy production by saving excess energy for subsequent use.

Based on type, the industry is divided into:

  • Organic PCM
  • Inorganic PCM
  • Bio-Based PCM

On the basis of form, the industry is being segmented into:

  • Encapsulated
  • Non-Encapsulated

It finds wide application in the following sectors:

  • Building and Construction
  • Packaging
  • HVAC
  • Textiles
  • Electronics
  • Others

The regional markets for advanced phase change materials include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Market Analysis

The ever-growing construction industry, particularly in the developing economies, due to rapid urbanisation, inflating disposable incomes, as well as the rapid population growth, is expected to propel the growth of the industry. The rising demand for advanced phase change material is being driven by the substantial growth in the number of construction activities, as they have high heat storage capacity. Another significant growth-inducing trend is the rise in the demand for economical methods to improve the thermal efficiency of building structures. Furthermore, the growing adoption of green buildings owing to the rising environmental issues also boosts the sales of these materials. In addition, an increase in energy usage has been observed at the global level. Since the advanced phase change material help to save energy, they are commonly used in applications including heating, ventilation and air conditioning, cooling, and storage. In addition, new revolutionary versions like vegetable-based phase change materials are gaining attention because they are not harmful and are environmentally friendly.

 

Competitive Landscape

The report gives a detailed analysis of the following key players in the global market for advanced phase change materials, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Outlast Technologies
  • Climator
  • Croda International (OTCMKTS: COIHY)
  • PCM Products
  • Others

The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model along with giving a SWOT analysis.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Market Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Market Drivers
    5.3    Key Market Developments
    5.4    Key Players Market Share
    5.5    Key Market Trends
6    Global Market Snapshot
7    Regional Market Snapshot
8    Industry Opportunities and Challenges
9    Global Advanced Phase Change Materials Market Analysis

    9.1    Key Industry Highlights
    9.2    Global Advanced Phase Change Materials Historical Market (2015-2019) 
    9.3    Global Advanced Phase Change Materials Market Forecast (2020-2025)
    9.4    Global Advanced Phase Change Materials Market by Type
        9.4.1    Organic PCM
            9.4.1.1    Market Share
            9.4.1.2    Historical Trend (2015-2019)
            9.4.1.3    Forecast Trend (2020-2025)
        9.4.2    Inorganic PCM
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2015-2019
            9.4.2.3    Forecast Trend (2020-2025)
        9.4.3    Bio-Based PCM
            9.4.3.1    Market Share
            9.4.3.2    Historical Trend (2015-2019)
            9.4.3.3    Forecast Trend (2020-2025)
    9.5    Global Advanced Phase Change Materials Market by Form
        9.5.1    Encapsulated
            9.5.1.1    Market Share
            9.5.1.2    Historical Trend (2015-2019)
            9.5.1.3    Forecast Trend (2020-2025)
        9.5.2    Non-Encapsulated
            9.5.2.1    Market Share
            9.5.2.2    Historical Trend (2015-2019)
            9.5.2.3    Forecast Trend (2020-2025)
    9.6    Global Advanced Phase Change Materials Market by Application
        9.6.1    Building and Construction
            9.6.1.1    Market Share
            9.6.1.2    Historical Trend (2015-2019)
            9.6.1.3    Forecast Trend (2020-2025)
        9.6.2    Packaging
            9.6.2.1    Market Share
            9.6.2.2    Historical Trend (2015-2019)
            9.6.2.3    Forecast Trend (2020-2025)
        9.6.3    HVAC
            9.6.3.1    Market Share
            9.6.3.2    Historical Trend (2015-2019)
            9.6.3.3    Forecast Trend (2020-2025)
        9.6.4    Textiles
            9.6.4.1    Market Share
            9.6.4.2    Historical Trend (2015-2019)
            9.6.4.3    Forecast Trend (2020-2025)
        9.6.5    Electronics
            9.6.5.1    Market Share
            9.6.5.2    Historical Trend (2015-2019)
            9.6.5.3    Forecast Trend (2020-2025)
        9.6.6    Others
            9.6.6.1    Market Share
            9.6.6.2    Historical Trend (2015-2019)
            9.6.6.3    Forecast Trend (2020-2025)
    9.7    Global Advanced Phase Change Materials Market by Region
        9.7.1    Market Share
            9.7.1.1    North America
            9.7.1.2    Europe
            9.7.1.3    Asia Pacific
            9.7.1.4    Latin America
            9.7.1.5    Middle East and Africa
10    Regional Analysis
    10.1    North America
        10.1.1    Historical Trend (2015-2019)
        10.1.2    Forecast Trend (2020-2025)
        10.1.3    Breakup by Country
            10.1.3.1    United States of America 
            10.1.3.2    Canada
        10.2    Europe
    10.2.1    Historical Trend (2015-2019)
        10.2.2    Forecast Trend (2020-2025)
        10.2.3    Breakup by Country
            10.2.3.1    United Kingdom
            10.2.3.2    Germany
            10.2.3.3    France
            10.2.3.4    Italy
            10.2.3.5    Others
    10.3    Asia Pacific
        10.3.1    Historical Trend (2015-2019)
        10.3.2    Forecast Trend (2020-2025)
        10.3.3    Breakup by Country
            10.3.3.1    China
            10.3.3.2    Japan
            10.3.3.3    India
            10.3.3.4    ASEAN
            10.3.3.5    Australia
            10.3.3.6    Others
    10.4    Latin America
        10.4.1    Historical Trend (2015-2019)
        10.4.2    Forecast Trend (2020-2025)
        10.4.3    Breakup by Country
            10.4.3.1    Brazil
            10.4.3.2    Argentina
            10.4.3.3    Mexico
            10.4.3.4    Others
    10.5    Middle East and Africa
        10.5.1    Historical Trend (2015-2019)
        10.5.2    Forecast Trend (2020-2025)
        10.5.3    Breakup by Country
            10.5.3.1    Saudi Arabia
            10.5.3.2    United Arab Emirates
            10.5.3.3    Nigeria
            10.5.3.4    South Africa
            10.5.3.5    Others
11    Market Dynamics
    11.1    SWOT Analysis
        11.1.1    Strengths
        11.1.2    Weaknesses
        11.1.3    Opportunities
        11.1.4    Threats
    11.2    Porter’s Five Forces Analysis
        11.2.1    Supplier’s Power
        11.2.2    Buyers Power
        11.2.3    Threat of New Entrants
        11.2.4    Degree of Rivalry
        11.2.5    Threat of Substitutes
    11.3    EMR’s Key Indicators for Demand
    11.4    EMR’s Key Indicators for Price
12    Value Chain Analysis
13    Manufacturing Process

    13.1    Detailed Process Flow
    13.2    Operations Involved
    13.3    Mass Balance
14    Price Analysis
    14.1    North America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    14.2    Europe Historical Price Trends (2015-2019) and Forecast (2020-2025)
    14.3    Asia Pacific Historical Price Trends (2015-2019) and Forecast (2020-2025)
    14.4    Latin America Historical Price Trends (2015-2019) and Forecast (2020-2025)
    14.5    Middle East and Africa Historical Price Trends (2015-2019) and Forecast (2020-2025)
15    Competitive Landscape
    15.1    Market Structure
    15.2    Key Players Market Share
    15.3    Company Profiles
        15.3.1    Outlast Technologies LLC
            15.3.1.1    Company Overview
            15.3.1.2    Product Portfolio
            15.3.1.3    Demographic Reach and Achievements
            15.3.1.4    Financial Summary
            15.3.1.5    Certifications
        15.3.2    Climator
            15.3.2.1    Company Overview
            15.3.2.2    Product Portfolio
            15.3.2.3    Demographic Reach and Achievements
            15.3.2.4    Financial Summary
            15.3.2.5    Certifications
        15.3.3    Croda International Plc
            15.3.3.1    Company Overview
            15.3.3.2    Product Portfolio
            15.3.3.3    Demographic Reach and Achievements
            15.3.3.4    Financial Summary
            15.3.3.5    Certifications
        15.3.4    PCM Products, Inc.
            15.3.4.1    Company Overview
            15.3.4.2    Product Portfolio
            15.3.4.3    Demographic Reach and Achievements
            15.3.4.4    Financial Summary
            15.3.4.5    Certifications
        15.3.5    Others
16    Industry Events and Developments


List of Figures and Tables

1.    Global Advanced Phase Change Materials Market: Key Industry Highlights, 2015 and 2025
2.    Global Advanced Phase Change Materials Historical Market: Breakup by Type (USD Million), 2015-2019
3.    Global Advanced Phase Change Materials Market Forecast: Breakup by Type (USD Million), 2020-2025
4.    Global Advanced Phase Change Materials Historical Market: Breakup by Form (USD Million), 2015-2019
5.    Global Advanced Phase Change Materials Market Forecast: Breakup by Form (USD Million), 2020-2025
6.    Global Advanced Phase Change Materials Historical Market: Breakup by Application (USD Million), 2015-2019
7.    Global Advanced Phase Change Materials Market Forecast: Breakup by Application (USD Million), 2020-2025
8.    Global Advanced Phase Change Materials Historical Market: Breakup by Region (USD Million), 2015-2019
9.    Global Advanced Phase Change Materials Market Forecast: Breakup by Region (USD Million), 2020-2025
10.    North America Advanced Phase Change Materials Historical Market: Breakup by Country (USD Million), 2015-2019
11.    North America Advanced Phase Change Materials Market Forecast: Breakup by Country (USD Million), 2020-2025
12.    Europe Advanced Phase Change Materials Historical Market: Breakup by Country (USD Million), 2015-2019
13.    Europe Advanced Phase Change Materials Market Forecast: Breakup by Country (USD Million), 2020-2025
14.    Asia Pacific Advanced Phase Change Materials Historical Market: Breakup by Country (USD Million), 2015-2019
15.    Asia Pacific Advanced Phase Change Materials Market Forecast: Breakup by Country (USD Million), 2020-2025
16.    Latin America Advanced Phase Change Materials Historical Market: Breakup by Country (USD Million), 2015-2019
17.    Latin America Advanced Phase Change Materials Market Forecast: Breakup by Country (USD Million), 2020-2025
18.    Middle East and Africa Advanced Phase Change Materials Historical Market: Breakup by Country (USD Million), 2015-2019
19.    Middle East and Africa Advanced Phase Change Materials Market Forecast: Breakup by Country (USD Million), 2020-2025
20.    North America Historical Price Trends and Forecast 2015-2025
21.    Europe Historical Price Trends and Forecast 2015-2025
22.    Asia Pacific Historical Price Trends and Forecast 2015-2025
23.    Latin America Historical Price Trends and Forecast 2015-2025
24.    Middle East and Africa Historical Price Trends and Forecast 2015-2025
25.    Global Advanced Phase Change Materials Market Structure

Key Questions Answered in the Report

The global advanced phase change materials market reached a value of USD 1233 million in 2019.

The market is projected to grow at a CAGR of nearly 16.9% in the forecast period of 2020-2025.

By 2025, the market is estimated to reach a value of about USD 3147 million by 2025.

The major drivers of the industry such as rising disposable incomes, increasing population, rising construction industry, and the growing need for energy conversation.

The rising adoption of green buildings to the rising eco-consciousness among the consumers and government regulations is expected to be a key trend guiding the growth of the industry.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market, with Europe accounting for the largest market share.

Organic PCM is the dominant type of the product in the market.

Encapsulated PCMs are the leading forms of the product in the industry.

The building and construction sector accounts for the largest market share, among other application segments in the industry.

The leading players in the market are Outlast Technologies LLC, Climator, Croda International Plc, PCM Products, Inc., and others.

Analyst Review

The global advanced phase change materials market attained a value of USD 1233 million in 2019 driven by the growth in the construction industry. Aided by the rising environmental regulations, increasing need for energy conservation, and the growing adoption of green buildings, the industry is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 16.9%. The industry is projected to reach USD 3147 million by 2025.

EMR’s meticulous research methodology delves deep into the industry, covering the macro and micro aspects of the industry. Based on its types, the global market for advanced phase change materials can be  into organic PCM, inorganic PCM, and bio-based PCM, with organic PCM accounting for the largest market share. By form, the encapsulated PCMs lead the industry. On the basis of application, building and construction sector accounts for the largest share in the global industry. The major regional markets for advanced phase change materials are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with Europe accounting for the largest share of the market. The key players in the above industry include Outlast Technologies LLC, Climator, Croda International Plc, and PCM Products, Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.

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