North America Advanced Phase Change Materials Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Overview 2023-2028:
The North America advanced phase change materials market size reached US$ 636 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,598 Million by 2028, exhibiting a growth rate (CAGR) of 16.7% during 2023-2028.
The advanced phase change materials (PCMs) refer to the elements with a capability to store latent heat emitted during distinctive phase transitions. At a commercial level, they store latent heat released during the solid-liquid phase transition. Advanced phase change materials enhance the heat storage capacity of buildings and are highly efficient in power distribution and generation systems. They are employed for cooling electrical engines, foods and drinks, maintaining high temperatures in greenhouses and conditioning of buildings.
North America represents one of the largest advanced phase change materials market owing to the highly developed manufacturing industries for electric and electronic devices. These devices use advanced PCMs pertaining to their high latent heat of fusion, specific heat, thermal stability and thermal conductivity in both solid and liquid phases. Several initiatives by government institutions, such as Department of Energy, are taken for the assessment of costs, risks and technology performance of advanced PCMs for their wide application in the region. Availability of these materials at affordable prices and their potential to provide zero net energy buildings will continue to spur the demand in the upcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the North America advanced phase change materials market report, along with forecasts at the regional and country levels from 2023-2028. Our report has categorized the market based on type, form and application.
Key Regions Analysed
United States
Canada
Mexico
Analysis for Each Country
Market by Type
Organic PCM
Inorganic PCM
Bio-Based PCM
Market by Form
Encapsulated
Non-Encapsulated
Market by Application
Building and Construction
Packaging
HVAC
Textiles
Electronics
Others
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
Competitive Structure
Key Player Profiles
Key Questions Answered in This Report:
How has the North America advanced phase change materials market performed so far and how will it perform in the coming years?
What are the key regions in the North America advanced phase change materials market?
What has been the impact of COVID-19 on the North America advanced phase change materials market?
What is the breakup of the North America advanced phase change materials market on the basis of type?
What is the breakup of the North America advanced phase change materials market on the basis of form?
What is the breakup of the North America advanced phase change materials market on the basis of application?
What are the various stages in the value chain of the North America advanced phase change materials industry?
What are the key driving factors and challenges in the North America advanced phase change materials industry?
What is the structure of the North America advanced phase change materials industry and who are the key players?
What is the degree of competition in the North America advanced phase change materials industry?
What are the profit margins in the North America advanced phase change materials industry?
The North America advanced phase change materials market size reached US$ 636 Million in 2022. Looking forward, IMARC Group expects the market to reach US$ 1,598 Million by 2028, exhibiting a growth rate (CAGR) of 16.7% during 2023-2028.
The advanced phase change materials (PCMs) refer to the elements with a capability to store latent heat emitted during distinctive phase transitions. At a commercial level, they store latent heat released during the solid-liquid phase transition. Advanced phase change materials enhance the heat storage capacity of buildings and are highly efficient in power distribution and generation systems. They are employed for cooling electrical engines, foods and drinks, maintaining high temperatures in greenhouses and conditioning of buildings.
North America represents one of the largest advanced phase change materials market owing to the highly developed manufacturing industries for electric and electronic devices. These devices use advanced PCMs pertaining to their high latent heat of fusion, specific heat, thermal stability and thermal conductivity in both solid and liquid phases. Several initiatives by government institutions, such as Department of Energy, are taken for the assessment of costs, risks and technology performance of advanced PCMs for their wide application in the region. Availability of these materials at affordable prices and their potential to provide zero net energy buildings will continue to spur the demand in the upcoming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the North America advanced phase change materials market report, along with forecasts at the regional and country levels from 2023-2028. Our report has categorized the market based on type, form and application.
Key Regions Analysed
United States
Canada
Mexico
Analysis for Each Country
Market by Type
Organic PCM
Inorganic PCM
Bio-Based PCM
Market by Form
Encapsulated
Non-Encapsulated
Market by Application
Building and Construction
Packaging
HVAC
Textiles
Electronics
Others
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
Competitive Structure
Key Player Profiles
Key Questions Answered in This Report:
How has the North America advanced phase change materials market performed so far and how will it perform in the coming years?
What are the key regions in the North America advanced phase change materials market?
What has been the impact of COVID-19 on the North America advanced phase change materials market?
What is the breakup of the North America advanced phase change materials market on the basis of type?
What is the breakup of the North America advanced phase change materials market on the basis of form?
What is the breakup of the North America advanced phase change materials market on the basis of application?
What are the various stages in the value chain of the North America advanced phase change materials industry?
What are the key driving factors and challenges in the North America advanced phase change materials industry?
What is the structure of the North America advanced phase change materials industry and who are the key players?
What is the degree of competition in the North America advanced phase change materials industry?
What are the profit margins in the North America advanced phase change materials industry?
1 PREFACE
2 SCOPE AND METHODOLOGY
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1Overview
4.2Key Industry Trends
5 GLOBAL ADVANCED PHASE CHANGE MATERIALS MARKET
5.1Market Performance
5.2Market Breakup by Type
5.3Market Breakup by Form
5.4Market Breakup by Application
5.5Market Breakup by Region
5.6Market Forecast
6 NORTH AMERICA ADVANCED PHASE CHANGE MATERIALS MARKET
6.1Market Performance
6.2Impact of COVID-19
6.3Market Forecast
7 NORTH AMERICA ADVANCED PHASE CHANGE MATERIALS MARKET: BREAKUP BY TYPE
7.1Organic PCM
7.2Inorganic PCM
7.3Bio-Based PCM
8 NORTH AMERICA ADVANCED PHASE CHANGE MATERIALS MARKET: BREAKUP BY FORM
8.1Encapsulated
8.2Non-Encapsulated
9 NORTH AMERICA ADVANCED PHASE CHANGE MATERIALS MARKET: BREAKUP BY APPLICATION
9.1Building and Construction
9.2Packaging
9.3HVAC
9.4Textiles
9.5Electronics
9.6Others
10 NORTH AMERICA ADVANCED PHASE CHANGE MATERIALS MARKET: BREAKUP BY COUNTRY
10.1 United States
10.1.1Historical Market Trends
10.1.2Market Breakup by Type
10.1.3Market Breakup by Form
10.1.4Market Breakup by Application
10.1.5Market Forecast
10.2 Canada
10.2.1Historical Market Trends
10.2.2Market Breakup by Type
10.2.3Market Breakup by Form
10.2.4Market Breakup by Application
10.2.5Market Forecast
10.3 Mexico
10.3.1Historical Market Trends
10.3.3Market Breakup by Type
10.3.3Market Breakup by Form
10.3.4Market Breakup by Application
10.3.5Market Forecast
11 SWOT ANALYSIS
11.1Overview
11.2Strengths
11.3Weaknesses
11.4Opportunities
11.5Threats
12 VALUE CHAIN ANALYSIS
12.1Overview
12.2Research and Development
12.3Raw Material Procurement
12.4Manufacturing
12.5Distribution
12.6Export
12.7End-Use
13 PORTER’S FIVE FORCES ANALYSIS
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Rivalry
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 PRICE ANALYSIS
15 COMPETITIVE LANDSCAPE
15.1Market Structure
15.2Key Players
15.3Profiles of Key Players
2 SCOPE AND METHODOLOGY
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1Overview
4.2Key Industry Trends
5 GLOBAL ADVANCED PHASE CHANGE MATERIALS MARKET
5.1Market Performance
5.2Market Breakup by Type
5.3Market Breakup by Form
5.4Market Breakup by Application
5.5Market Breakup by Region
5.6Market Forecast
6 NORTH AMERICA ADVANCED PHASE CHANGE MATERIALS MARKET
6.1Market Performance
6.2Impact of COVID-19
6.3Market Forecast
7 NORTH AMERICA ADVANCED PHASE CHANGE MATERIALS MARKET: BREAKUP BY TYPE
7.1Organic PCM
7.2Inorganic PCM
7.3Bio-Based PCM
8 NORTH AMERICA ADVANCED PHASE CHANGE MATERIALS MARKET: BREAKUP BY FORM
8.1Encapsulated
8.2Non-Encapsulated
9 NORTH AMERICA ADVANCED PHASE CHANGE MATERIALS MARKET: BREAKUP BY APPLICATION
9.1Building and Construction
9.2Packaging
9.3HVAC
9.4Textiles
9.5Electronics
9.6Others
10 NORTH AMERICA ADVANCED PHASE CHANGE MATERIALS MARKET: BREAKUP BY COUNTRY
10.1 United States
10.1.1Historical Market Trends
10.1.2Market Breakup by Type
10.1.3Market Breakup by Form
10.1.4Market Breakup by Application
10.1.5Market Forecast
10.2 Canada
10.2.1Historical Market Trends
10.2.2Market Breakup by Type
10.2.3Market Breakup by Form
10.2.4Market Breakup by Application
10.2.5Market Forecast
10.3 Mexico
10.3.1Historical Market Trends
10.3.3Market Breakup by Type
10.3.3Market Breakup by Form
10.3.4Market Breakup by Application
10.3.5Market Forecast
11 SWOT ANALYSIS
11.1Overview
11.2Strengths
11.3Weaknesses
11.4Opportunities
11.5Threats
12 VALUE CHAIN ANALYSIS
12.1Overview
12.2Research and Development
12.3Raw Material Procurement
12.4Manufacturing
12.5Distribution
12.6Export
12.7End-Use
13 PORTER’S FIVE FORCES ANALYSIS
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Rivalry
13.5 Threat of New Entrants
13.6 Threat of Substitutes
14 PRICE ANALYSIS
15 COMPETITIVE LANDSCAPE
15.1Market Structure
15.2Key Players
15.3Profiles of Key Players
LIST OF TABLES
Table 1: North America: Advanced Phase Change Materials Market: Key Industry Highlights, 2022 and 2028
Table 2: North America: Advanced Phase Change Materials Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: North America: Advanced Phase Change Materials Market Forecast: Breakup by Form (in Million US$), 2023-2028
Table 4: North America: Advanced Phase Change Materials Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: North America: Advanced Phase Change Materials Market Forecast: Breakup by Country (in Million US$), 2023-2028
Table 6: North America: Advanced Phase Change Materials Market: Competitive Structure
Table 7: North America: Advanced Phase Change Materials Market: Key Players
Table 1: North America: Advanced Phase Change Materials Market: Key Industry Highlights, 2022 and 2028
Table 2: North America: Advanced Phase Change Materials Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: North America: Advanced Phase Change Materials Market Forecast: Breakup by Form (in Million US$), 2023-2028
Table 4: North America: Advanced Phase Change Materials Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 5: North America: Advanced Phase Change Materials Market Forecast: Breakup by Country (in Million US$), 2023-2028
Table 6: North America: Advanced Phase Change Materials Market: Competitive Structure
Table 7: North America: Advanced Phase Change Materials Market: Key Players
LIST OF FIGURES
Figure 1: North America: Advanced Phase Change Materials Market: Major Drivers and Challenges
Figure 2: Global: Advanced Phase Change Materials Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Advanced Phase Change Materials Market: Breakup by Type (in %), 2022
Figure 4: Global: Advanced Phase Change Materials Market: Breakup by Form (in %), 2022
Figure 5: Global: Advanced Phase Change Materials Market: Breakup by Application (in %), 2022
Figure 6: Global: Advanced Phase Change Materials Market: Breakup by Region (in %), 2022
Figure 7: Global: Advanced Phase Change Materials Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: North America: Advanced Phase Change Materials Market: Sales Value (in Million US$), 2017-2022
Figure 9: North America: Advanced Phase Change Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: North America: Advanced Phase Change Materials Market: Breakup by Type (in %), 2022
Figure 11: North America: Advanced Phase Change Materials (Organic PCM) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: North America: Advanced Phase Change Materials (Organic PCM) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: North America: Advanced Phase Change Materials (Inorganic PCM) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: North America: Advanced Phase Change Materials (Inorganic PCM) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: North America: Advanced Phase Change Materials (Bio-Based PCM) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: North America: Advanced Phase Change Materials (Bio-Based PCM) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: North America: Advanced Phase Change Materials Market: Breakup by Form (in %), 2022
Figure 18: North America: Advanced Phase Change Materials (Encapsulated) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: North America: Advanced Phase Change Materials (Encapsulated) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: North America: Advanced Phase Change Materials (Non-Encapsulated) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: North America: Advanced Phase Change Materials (Non-Encapsulated) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: North America: Advanced Phase Change Materials Market: Breakup by Application (in %), 2022
Figure 23: North America: Advanced Phase Change Materials (Building and Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: North America: Advanced Phase Change Materials (Building and Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: North America: Advanced Phase Change Materials (Packaging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: North America: Advanced Phase Change Materials (Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: North America: Advanced Phase Change Materials (HVAC) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: North America: Advanced Phase Change Materials (HVAC) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: North America: Advanced Phase Change Materials (Textiles) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: North America: Advanced Phase Change Materials (Textiles) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: North America: Advanced Phase Change Materials (Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: North America: Advanced Phase Change Materials (Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: North America: Advanced Phase Change Materials (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: North America: Advanced Phase Change Materials (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: North America: Advanced Phase Change Materials Market: Breakup by Country (in %), 2022
Figure 36: United States: Advanced Phase Change Materials Market: Sales Value (in Million US$), 2017-2022
Figure 37: United States: Advanced Phase Change Materials Market: Breakup by Type (in %), 2022
Figure 38: United States: Advanced Phase Change Materials Market: Breakup by Form (in %), 2022
Figure 39: United States: Advanced Phase Change Materials Market: Breakup by Application (in %), 2022
Figure 40: United States: Advanced Phase Change Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Canada: Advanced Phase Change Materials Market: Sales Value (in Million US$), 2017-2022
Figure 42: Canada: Advanced Phase Change Materials Market: Breakup by Type (in %), 2022
Figure 43: Canada: Advanced Phase Change Materials Market: Breakup by Form (in %), 2022
Figure 44: Canada: Advanced Phase Change Materials Market: Breakup by Application (in %), 2022
Figure 45: Canada: Advanced Phase Change Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Mexico: Advanced Phase Change Materials Market: Sales Value (in Million US$), 2017-2022
Figure 47: Mexico: Advanced Phase Change Materials Market: Breakup by Type (in %), 2022
Figure 48: Mexico: Advanced Phase Change Materials Market: Breakup by Form (in %), 2022
Figure 49: Mexico: Advanced Phase Change Materials Market: Breakup by Application (in %), 2022
Figure 50: Mexico: Advanced Phase Change Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: North America: Advanced Phase Change Materials Industry: SWOT Analysis
Figure 52: North America: Advanced Phase Change Materials Industry: Value Chain Analysis
Figure 53: North America: Advanced Phase Change Materials Industry: Porter’s Five Forces Analysis
Figure 1: North America: Advanced Phase Change Materials Market: Major Drivers and Challenges
Figure 2: Global: Advanced Phase Change Materials Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Advanced Phase Change Materials Market: Breakup by Type (in %), 2022
Figure 4: Global: Advanced Phase Change Materials Market: Breakup by Form (in %), 2022
Figure 5: Global: Advanced Phase Change Materials Market: Breakup by Application (in %), 2022
Figure 6: Global: Advanced Phase Change Materials Market: Breakup by Region (in %), 2022
Figure 7: Global: Advanced Phase Change Materials Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 8: North America: Advanced Phase Change Materials Market: Sales Value (in Million US$), 2017-2022
Figure 9: North America: Advanced Phase Change Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: North America: Advanced Phase Change Materials Market: Breakup by Type (in %), 2022
Figure 11: North America: Advanced Phase Change Materials (Organic PCM) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: North America: Advanced Phase Change Materials (Organic PCM) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: North America: Advanced Phase Change Materials (Inorganic PCM) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: North America: Advanced Phase Change Materials (Inorganic PCM) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: North America: Advanced Phase Change Materials (Bio-Based PCM) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: North America: Advanced Phase Change Materials (Bio-Based PCM) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: North America: Advanced Phase Change Materials Market: Breakup by Form (in %), 2022
Figure 18: North America: Advanced Phase Change Materials (Encapsulated) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: North America: Advanced Phase Change Materials (Encapsulated) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: North America: Advanced Phase Change Materials (Non-Encapsulated) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: North America: Advanced Phase Change Materials (Non-Encapsulated) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: North America: Advanced Phase Change Materials Market: Breakup by Application (in %), 2022
Figure 23: North America: Advanced Phase Change Materials (Building and Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: North America: Advanced Phase Change Materials (Building and Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: North America: Advanced Phase Change Materials (Packaging) Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: North America: Advanced Phase Change Materials (Packaging) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: North America: Advanced Phase Change Materials (HVAC) Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: North America: Advanced Phase Change Materials (HVAC) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: North America: Advanced Phase Change Materials (Textiles) Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: North America: Advanced Phase Change Materials (Textiles) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: North America: Advanced Phase Change Materials (Electronics) Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: North America: Advanced Phase Change Materials (Electronics) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: North America: Advanced Phase Change Materials (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: North America: Advanced Phase Change Materials (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: North America: Advanced Phase Change Materials Market: Breakup by Country (in %), 2022
Figure 36: United States: Advanced Phase Change Materials Market: Sales Value (in Million US$), 2017-2022
Figure 37: United States: Advanced Phase Change Materials Market: Breakup by Type (in %), 2022
Figure 38: United States: Advanced Phase Change Materials Market: Breakup by Form (in %), 2022
Figure 39: United States: Advanced Phase Change Materials Market: Breakup by Application (in %), 2022
Figure 40: United States: Advanced Phase Change Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Canada: Advanced Phase Change Materials Market: Sales Value (in Million US$), 2017-2022
Figure 42: Canada: Advanced Phase Change Materials Market: Breakup by Type (in %), 2022
Figure 43: Canada: Advanced Phase Change Materials Market: Breakup by Form (in %), 2022
Figure 44: Canada: Advanced Phase Change Materials Market: Breakup by Application (in %), 2022
Figure 45: Canada: Advanced Phase Change Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Mexico: Advanced Phase Change Materials Market: Sales Value (in Million US$), 2017-2022
Figure 47: Mexico: Advanced Phase Change Materials Market: Breakup by Type (in %), 2022
Figure 48: Mexico: Advanced Phase Change Materials Market: Breakup by Form (in %), 2022
Figure 49: Mexico: Advanced Phase Change Materials Market: Breakup by Application (in %), 2022
Figure 50: Mexico: Advanced Phase Change Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: North America: Advanced Phase Change Materials Industry: SWOT Analysis
Figure 52: North America: Advanced Phase Change Materials Industry: Value Chain Analysis
Figure 53: North America: Advanced Phase Change Materials Industry: Porter’s Five Forces Analysis
