Phase Change Materials Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Paraffin, Salt Hydrates, Eutectics, Non-Paraffin, Others), By Application (Building and Construction, Heating Ventilation and Air Conditioning (HVAC) Systems, Energy Storage Management, Commercial Refrigeration, Cold Chain and Packaging, Textiles, Others), By Region and Competition, 2019-2029F
Global Phase Change Materials Market was valued at USD 1.47 billion in 2023 and is anticipated t%li%project steady growth in the forecast period with a CAGR of 4.23% through 2029. The primary drivers of the global phase change materials market stem from an increasing emphasis on energy efficiency and sustainability. PCMs play a pivotal role in curbing energy consumption and carbon emissions by enhancing the thermal performance of buildings, appliances, and industrial processes. By absorbing excess heat during peak periods and releasing it when temperatures drop, PCMs contribute t%li%maintaining comfortable indoor environments and reducing reliance on mechanical heating and cooling systems, leading t%li%substantial energy savings and environmental advantages.
The construction sector significantly propels the growth of the global phase change materials market. PCMs are increasingly integrated int%li%building materials like insulation, wallboards, and roofing materials t%li%elevate thermal comfort and energy efficiency in residential, commercial, and industrial structures. By regulating indoor temperatures and curbing heat transfer through walls and roofs, PCMs contribute t%li%decreased energy expenses, heightened occupant comfort, and the promotion of sustainable building practices.
Also, the electronics and automotive industries are key contributors t%li%the demand for phase change materials in thermal management applications. With the ongoing miniaturization and heightened power density of electronic devices and components, efficient thermal management is imperative t%li%prevent overheating and ensure reliable performance. PCMs offer a compact and efficient solution for thermal management in electronic devices, such as smartphones, laptops, and electric vehicles, by absorbing and dissipating excess heat during operation. The escalating adoption of renewable energy sources like solar and wind power fuels demand for phase change materials in thermal energy storage applications. PCMs are utilized t%li%store and release thermal energy in solar thermal systems, concentrating solar power plants, and solar water heaters, enabling efficient and dependable energy storage for electricity generation and heating purposes.
Key Market Drivers
Growth in Construction Industry
The primary factors propelling the demand for PCMs in the construction industry is the growing emphasis on energy-efficient building designs and green building standards. With increasing awareness of the environmental impact of buildings, architects, developers, and builders are seeking innovative solutions t%li%enhance energy performance and reduce operational costs. PCMs offer a viable solution by optimizing thermal management, minimizing heating and cooling loads, and maintaining comfortable indoor temperatures year-round, aligning with the principles of sustainable building design.
Also, stringent energy efficiency regulations and building codes are driving the adoption of PCMs in construction projects worldwide. Many countries and regions have implemented stringent energy performance standards and sustainability certifications, such as LEED (Leadership in Energy and Environmental Design) and BREEAM (Building Research Establishment Environmental Assessment Method), which incentivize the use of energy-efficient building materials and technologies like PCMs. Compliance with these regulations and certifications requires the integration of PCMs int%li%building envelopes, insulation systems, and HVAC (heating, ventilation, and air conditioning) systems t%li%improve thermal performance and reduce energy consumption.
The increasing demand for green and smart buildings is driving the integration of PCMs int%li%building materials and systems. PCMs are incorporated int%li%insulation, wallboards, roofing materials, and HVAC systems t%li%enhance thermal comfort, reduce energy costs, and achieve sustainability goals. Additionally, the rise of smart building technologies and energy management systems enables real-time monitoring and control of PCM-based thermal storage systems, optimizing energy usage and maximizing efficiency in building operations.
Surge in Technological Advancements
Technological advancements have led t%li%the development of advanced PCM formulations with tailored phase transition temperatures, improved thermal properties, and enhanced durability. These innovative formulations expand the range of applications for phase change materials and offer solutions optimized for specific temperature ranges and operating conditions.
Nanoencapsulation and microencapsulation technologies are revolutionizing the delivery and performance of phase change materials. These advanced encapsulation techniques enable the incorporation of PCM int%li%a wide range of materials, including fabrics, building materials, and electronics, while maintaining their integrity and enhancing their thermal properties.
The integration of smart technologies such as sensors, actuators, and control systems is transforming PCM systems int%li%intelligent solutions for thermal management. Smart PCM systems can dynamically adjust phase change temperatures, optimize energy storage and release, and respond t%li%changing environmental conditions, offering enhanced flexibility and efficiency in various applications.
Technological advancements are driving the integration of phase change materials int%li%building materials such as concrete, insulation, and roofing materials. PCM-enhanced building materials offer superior thermal performance, reduce energy consumption for heating and cooling, and contribute t%li%sustainable building designs that prioritize energy efficiency and occupant comfort.
Key Market Challenges
Disruptions in Supply Chain
The COVID-19 pandemic has exacerbated disruptions in the PCM supply chain, causing supply shortages, production delays, and logistical challenges. The pandemic-induced lockdowns, travel restrictions, and labor shortages have disrupted manufacturing operations, raw material sourcing, and transportation networks, leading t%li%supply chain bottlenecks and disruptions. As a result, manufacturers and end-users of PCMs have faced challenges in sourcing raw materials, fulfilling orders, and meeting project deadlines.
PCMs are manufactured using a variety of raw materials, including paraffins, fatty acids, bio-based materials, and inorganic salts. Disruptions in the supply chain for these raw materials, such as shortages, price volatility, and supply constraints, can impact PCM production and availability. Fluctuations in raw material prices and availability can affect production costs, profit margins, and pricing strategies for PCM manufacturers, influencing market dynamics and competitiveness.
The transportation and logistics sector plays a crucial role in the PCM supply chain, facilitating the movement of raw materials, intermediate products, and finished goods across regions and countries. However, disruptions in transportation networks, port closures, customs delays, and freight capacity constraints can impede the timely delivery of PCM products t%li%customers. Logistical challenges and transportation delays increase lead times, affect inventory management, and disrupt supply chain operations, posing challenges for PCM manufacturers and end-users.
Key Market Trends
Expansion of Cold Chain Logistics
The growing demand for temperature-sensitive products, including perishable food items, vaccines, biologics, and specialty chemicals, is driving the need for reliable cold chain logistics solutions. PCM-based technologies offer an effective means of maintaining the required temperature range throughout the supply chain, ensuring product quality and compliance with regulatory standards.
The food and beverage industry is experiencing a heightened focus on food safety, quality, and shelf-life extension. PCM solutions play a critical role in preserving the freshness, nutritional value, and sensory attributes of perishable foods by preventing temperature fluctuations during storage and transportation.
The pharmaceutical industry relies heavily on cold chain logistics t%li%maintain the efficacy and stability of temperature-sensitive drugs and vaccines. PCM-based thermal packaging solutions are increasingly adopted t%li%ensure the integrity of pharmaceutical products during transit, especially in regions with challenging environmental conditions.
PCM technologies are gaining traction due t%li%their environmental benefits, including energy efficiency and reduced carbon footprint. PCM-based cold chain solutions offer a sustainable alternative t%li%traditional refrigeration systems, leading t%li%lower energy consumption and greenhouse gas emissions.
Ongoing advancements in PCM formulations, packaging designs, and application methods are driving innovation in the market. Manufacturers are developing new PCM products with enhanced thermal properties, improved durability, and compatibility with various packaging materials, thereby expanding their applicability in cold chain logistics.
Segmental Insights
Product Insights
Based on the category of product, the paraffin segment emerged as the dominant player in the global market for phase change materials in 2023. Paraffin exhibits excellent thermal stability over a wide temperature range, making it suitable for various applications requiring precise temperature control. Its stable phase change characteristics ensure reliable thermal energy storage and release, contributing t%li%its dominance in the PCM market.
Paraffin-based PCMs have a high latent heat storage capacity, meaning they can absorb and release large amounts of thermal energy during phase transitions. This high heat storage capacity makes paraffin an efficient and effective material for storing thermal energy in applications such as building insulation, HVAC systems, and solar thermal energy storage.
Paraffin is a relatively low-cost material compared t%li%other PCM options, making it a cost-effective choice for various applications. Its affordability makes it an attractive option for large-scale deployment in commercial and industrial projects, driving its dominance in the PCM market.
Regional Insights
Europe emerged as the dominant region in the Global Phase Change Materials Market in 2023, holding the largest market share in terms of value. Europe has been at the forefront of implementing stringent building energy efficiency regulations and standards t%li%reduce energy consumption and carbon emissions in the construction sector. PCMs are widely used in building materials such as insulation, wallboards, and roofing systems t%li%improve thermal comfort and energy efficiency in buildings. The strong emphasis on energy-efficient building design and construction has driven the demand for PCMs in Europe, making it a dominant market for PCM applications in the construction industry.
European governments have implemented supportive policies, incentives, and funding programs t%li%promote the adoption of renewable energy technologies and energy-efficient solutions, including PCMs. Programs such as the European Union's Horizon 2020 initiative, the Energy Efficiency Directive, and national building codes incentivize the use of PCM-enhanced building materials and energy storage systems in residential, commercial, and institutional buildings. These policies create a favorable regulatory environment and drive market growth for PCMs in Europe.
Europe boasts a robust research and development infrastructure with leading academic institutions, research centers, and industry collaborations focused on PCM technologies. European research initiatives such as the European Technology Platform on Renewable Heating and Cooling (RHC-Platform) and the European Energy Research Alliance (EERA) support collaborative research, innovation, and knowledge exchange in the field of PCMs. The region's strong R&D capabilities drive technological advancements, product innovation, and market leadership in PCM applications across various sectors.
Key Market Players
In this report, the Global Phase Change Materials Market has been segmented int%li%the following categories, in addition t%li%the industry trends which have als%li%been detailed below:
Company Profiles: Detailed analysis of the major companies present in the Global Phase Change Materials Market.
Available Customizations:
Global Phase Change Materials Market report with the given market data, TechSci Research offers customizations according t%li%a company's specific needs. The following customization options are available for the report:
Company Information
The construction sector significantly propels the growth of the global phase change materials market. PCMs are increasingly integrated int%li%building materials like insulation, wallboards, and roofing materials t%li%elevate thermal comfort and energy efficiency in residential, commercial, and industrial structures. By regulating indoor temperatures and curbing heat transfer through walls and roofs, PCMs contribute t%li%decreased energy expenses, heightened occupant comfort, and the promotion of sustainable building practices.
Also, the electronics and automotive industries are key contributors t%li%the demand for phase change materials in thermal management applications. With the ongoing miniaturization and heightened power density of electronic devices and components, efficient thermal management is imperative t%li%prevent overheating and ensure reliable performance. PCMs offer a compact and efficient solution for thermal management in electronic devices, such as smartphones, laptops, and electric vehicles, by absorbing and dissipating excess heat during operation. The escalating adoption of renewable energy sources like solar and wind power fuels demand for phase change materials in thermal energy storage applications. PCMs are utilized t%li%store and release thermal energy in solar thermal systems, concentrating solar power plants, and solar water heaters, enabling efficient and dependable energy storage for electricity generation and heating purposes.
Key Market Drivers
Growth in Construction Industry
The primary factors propelling the demand for PCMs in the construction industry is the growing emphasis on energy-efficient building designs and green building standards. With increasing awareness of the environmental impact of buildings, architects, developers, and builders are seeking innovative solutions t%li%enhance energy performance and reduce operational costs. PCMs offer a viable solution by optimizing thermal management, minimizing heating and cooling loads, and maintaining comfortable indoor temperatures year-round, aligning with the principles of sustainable building design.
Also, stringent energy efficiency regulations and building codes are driving the adoption of PCMs in construction projects worldwide. Many countries and regions have implemented stringent energy performance standards and sustainability certifications, such as LEED (Leadership in Energy and Environmental Design) and BREEAM (Building Research Establishment Environmental Assessment Method), which incentivize the use of energy-efficient building materials and technologies like PCMs. Compliance with these regulations and certifications requires the integration of PCMs int%li%building envelopes, insulation systems, and HVAC (heating, ventilation, and air conditioning) systems t%li%improve thermal performance and reduce energy consumption.
The increasing demand for green and smart buildings is driving the integration of PCMs int%li%building materials and systems. PCMs are incorporated int%li%insulation, wallboards, roofing materials, and HVAC systems t%li%enhance thermal comfort, reduce energy costs, and achieve sustainability goals. Additionally, the rise of smart building technologies and energy management systems enables real-time monitoring and control of PCM-based thermal storage systems, optimizing energy usage and maximizing efficiency in building operations.
Surge in Technological Advancements
Technological advancements have led t%li%the development of advanced PCM formulations with tailored phase transition temperatures, improved thermal properties, and enhanced durability. These innovative formulations expand the range of applications for phase change materials and offer solutions optimized for specific temperature ranges and operating conditions.
Nanoencapsulation and microencapsulation technologies are revolutionizing the delivery and performance of phase change materials. These advanced encapsulation techniques enable the incorporation of PCM int%li%a wide range of materials, including fabrics, building materials, and electronics, while maintaining their integrity and enhancing their thermal properties.
The integration of smart technologies such as sensors, actuators, and control systems is transforming PCM systems int%li%intelligent solutions for thermal management. Smart PCM systems can dynamically adjust phase change temperatures, optimize energy storage and release, and respond t%li%changing environmental conditions, offering enhanced flexibility and efficiency in various applications.
Technological advancements are driving the integration of phase change materials int%li%building materials such as concrete, insulation, and roofing materials. PCM-enhanced building materials offer superior thermal performance, reduce energy consumption for heating and cooling, and contribute t%li%sustainable building designs that prioritize energy efficiency and occupant comfort.
Key Market Challenges
Disruptions in Supply Chain
The COVID-19 pandemic has exacerbated disruptions in the PCM supply chain, causing supply shortages, production delays, and logistical challenges. The pandemic-induced lockdowns, travel restrictions, and labor shortages have disrupted manufacturing operations, raw material sourcing, and transportation networks, leading t%li%supply chain bottlenecks and disruptions. As a result, manufacturers and end-users of PCMs have faced challenges in sourcing raw materials, fulfilling orders, and meeting project deadlines.
PCMs are manufactured using a variety of raw materials, including paraffins, fatty acids, bio-based materials, and inorganic salts. Disruptions in the supply chain for these raw materials, such as shortages, price volatility, and supply constraints, can impact PCM production and availability. Fluctuations in raw material prices and availability can affect production costs, profit margins, and pricing strategies for PCM manufacturers, influencing market dynamics and competitiveness.
The transportation and logistics sector plays a crucial role in the PCM supply chain, facilitating the movement of raw materials, intermediate products, and finished goods across regions and countries. However, disruptions in transportation networks, port closures, customs delays, and freight capacity constraints can impede the timely delivery of PCM products t%li%customers. Logistical challenges and transportation delays increase lead times, affect inventory management, and disrupt supply chain operations, posing challenges for PCM manufacturers and end-users.
Key Market Trends
Expansion of Cold Chain Logistics
The growing demand for temperature-sensitive products, including perishable food items, vaccines, biologics, and specialty chemicals, is driving the need for reliable cold chain logistics solutions. PCM-based technologies offer an effective means of maintaining the required temperature range throughout the supply chain, ensuring product quality and compliance with regulatory standards.
The food and beverage industry is experiencing a heightened focus on food safety, quality, and shelf-life extension. PCM solutions play a critical role in preserving the freshness, nutritional value, and sensory attributes of perishable foods by preventing temperature fluctuations during storage and transportation.
The pharmaceutical industry relies heavily on cold chain logistics t%li%maintain the efficacy and stability of temperature-sensitive drugs and vaccines. PCM-based thermal packaging solutions are increasingly adopted t%li%ensure the integrity of pharmaceutical products during transit, especially in regions with challenging environmental conditions.
PCM technologies are gaining traction due t%li%their environmental benefits, including energy efficiency and reduced carbon footprint. PCM-based cold chain solutions offer a sustainable alternative t%li%traditional refrigeration systems, leading t%li%lower energy consumption and greenhouse gas emissions.
Ongoing advancements in PCM formulations, packaging designs, and application methods are driving innovation in the market. Manufacturers are developing new PCM products with enhanced thermal properties, improved durability, and compatibility with various packaging materials, thereby expanding their applicability in cold chain logistics.
Segmental Insights
Product Insights
Based on the category of product, the paraffin segment emerged as the dominant player in the global market for phase change materials in 2023. Paraffin exhibits excellent thermal stability over a wide temperature range, making it suitable for various applications requiring precise temperature control. Its stable phase change characteristics ensure reliable thermal energy storage and release, contributing t%li%its dominance in the PCM market.
Paraffin-based PCMs have a high latent heat storage capacity, meaning they can absorb and release large amounts of thermal energy during phase transitions. This high heat storage capacity makes paraffin an efficient and effective material for storing thermal energy in applications such as building insulation, HVAC systems, and solar thermal energy storage.
Paraffin is a relatively low-cost material compared t%li%other PCM options, making it a cost-effective choice for various applications. Its affordability makes it an attractive option for large-scale deployment in commercial and industrial projects, driving its dominance in the PCM market.
Regional Insights
Europe emerged as the dominant region in the Global Phase Change Materials Market in 2023, holding the largest market share in terms of value. Europe has been at the forefront of implementing stringent building energy efficiency regulations and standards t%li%reduce energy consumption and carbon emissions in the construction sector. PCMs are widely used in building materials such as insulation, wallboards, and roofing systems t%li%improve thermal comfort and energy efficiency in buildings. The strong emphasis on energy-efficient building design and construction has driven the demand for PCMs in Europe, making it a dominant market for PCM applications in the construction industry.
European governments have implemented supportive policies, incentives, and funding programs t%li%promote the adoption of renewable energy technologies and energy-efficient solutions, including PCMs. Programs such as the European Union's Horizon 2020 initiative, the Energy Efficiency Directive, and national building codes incentivize the use of PCM-enhanced building materials and energy storage systems in residential, commercial, and institutional buildings. These policies create a favorable regulatory environment and drive market growth for PCMs in Europe.
Europe boasts a robust research and development infrastructure with leading academic institutions, research centers, and industry collaborations focused on PCM technologies. European research initiatives such as the European Technology Platform on Renewable Heating and Cooling (RHC-Platform) and the European Energy Research Alliance (EERA) support collaborative research, innovation, and knowledge exchange in the field of PCMs. The region's strong R&D capabilities drive technological advancements, product innovation, and market leadership in PCM applications across various sectors.
Key Market Players
- Henkel AG & Co. KGaA
- Honeywell International.Inc.
- Croda International Plc
- PureTemp LLC
- Laird Limited
- Rubitherm Technologies GmbH
- PCM Products Ltd
- Climator Sweden AB
- Shin-Etsu Chemicals Co., Ltd.
- Dongguan Gu%li%Heng plastic technology co., LTD
In this report, the Global Phase Change Materials Market has been segmented int%li%the following categories, in addition t%li%the industry trends which have als%li%been detailed below:
- Phase Change Materials Market, By Product:
- Paraffin
- Salt Hydrates
- Eutectics
- Non-Paraffin
- Others
- Phase Change Materials Market, By Application:
- Building and Construction
- Heating Ventilation and Air Conditioning (HVAC) Systems
- Energy Storage Management
- Commercial Refrigeration
- Cold Chain and Packaging
- Textiles
- Others
- Phase Change Materials Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Company Profiles: Detailed analysis of the major companies present in the Global Phase Change Materials Market.
Available Customizations:
Global Phase Change Materials Market report with the given market data, TechSci Research offers customizations according t%li%a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up t%li%five).
1. PRODUCT OVERVIEW
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. RESEARCH METHODOLOGY
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. EXECUTIVE SUMMARY
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
4. IMPACT OF COVID-19 ON GLOBAL PHASE CHANGE MATERIALS MARKET
5. GLOBAL PHASE CHANGE MATERIALS MARKET OUTLOOK
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Product (Paraffin, Salt Hydrates, Eutectics, Non-Paraffin, Others)
5.2.2. By Application (Building and Construction, Heating, Ventilation, and Air Conditioning (HVAC) Systems, Energy Storage Management, Commercial Refrigeration, Cold Chain and Packaging, Textiles, Others)
5.2.3. By Region
5.2.4. By Company (2023)
5.3. Market Map
6. ASIA PACIFIC PHASE CHANGE MATERIALS MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Product
6.2.2. By Application
6.2.3. By Country
6.3. Asia Pacific: Country Analysis
6.3.1. China Phase Change Materials Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Product
6.3.1.2.2. By Application
6.3.2. India Phase Change Materials Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Product
6.3.2.2.2. By Application
6.3.3. Australia Phase Change Materials Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Product
6.3.3.2.2. By Application
6.3.4. Japan Phase Change Materials Market Outlook
6.3.4.1. Market Size & Forecast
6.3.4.1.1. By Value
6.3.4.2. Market Share & Forecast
6.3.4.2.1. By Product
6.3.4.2.2. By Application
6.3.5. South Korea Phase Change Materials Market Outlook
6.3.5.1. Market Size & Forecast
6.3.5.1.1. By Value
6.3.5.2. Market Share & Forecast
6.3.5.2.1. By Product
6.3.5.2.2. By Application
7. EUROPE PHASE CHANGE MATERIALS MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Product
7.2.2. By Application
7.2.3. By Country
7.3. Europe: Country Analysis
7.3.1. France Phase Change Materials Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Product
7.3.1.2.2. By Application
7.3.2. Germany Phase Change Materials Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Product
7.3.2.2.2. By Application
7.3.3. Spain Phase Change Materials Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Product
7.3.3.2.2. By Application
7.3.4. Italy Phase Change Materials Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Product
7.3.4.2.2. By Application
7.3.5. United Kingdom Phase Change Materials Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Product
7.3.5.2.2. By Application
8. NORTH AMERICA PHASE CHANGE MATERIALS MARKET OUTLOOK
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Product
8.2.2. By Application
8.2.3. By Country
8.3. North America: Country Analysis
8.3.1. United States Phase Change Materials Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Product
8.3.1.2.2. By Application
8.3.2. Mexico Phase Change Materials Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Product
8.3.2.2.2. By Application
8.3.3. Canada Phase Change Materials Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Product
8.3.3.2.2. By Application
9. SOUTH AMERICA PHASE CHANGE MATERIALS MARKET OUTLOOK
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Product
9.2.2. By Application
9.2.3. By Country
9.3. South America: Country Analysis
9.3.1. Brazil Phase Change Materials Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Product
9.3.1.2.2. By Application
9.3.2. Argentina Phase Change Materials Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Product
9.3.2.2.2. By Application
9.3.3. Colombia Phase Change Materials Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Product
9.3.3.2.2. By Application
10. MIDDLE EAST AND AFRICA PHASE CHANGE MATERIALS MARKET OUTLOOK
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Product
10.2.2. By Application
10.2.3. By Country
10.3. MEA: Country Analysis
10.3.1. South Africa Phase Change Materials Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Product
10.3.1.2.2. By Application
10.3.2. Saudi Arabia Phase Change Materials Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Product
10.3.2.2.2. By Application
10.3.3. UAE Phase Change Materials Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Product
10.3.3.2.2. By Application
11. MARKET DYNAMICS
11.1. Drivers
11.2. Challenges
12. MARKET TRENDS & DEVELOPMENTS
12.1. Recent Developments
12.2. Product Launches
12.3. Mergers & Acquisitions
13. GLOBAL PHASE CHANGE MATERIALS MARKET: SWOT ANALYSIS
14. PORTER’S FIVE FORCES ANALYSIS
14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Product
15. PESTLE ANALYSIS
16. COMPETITIVE LANDSCAPE
16.1. Henkel AG & Co. KGaA
16.1.1. Business Overview
16.1.2. Company Snapshot
16.1.3. Products & Services
16.1.4. Financials (As Reported)
16.1.5. Recent Developments
16.2. Honeywell International.Inc.
16.3. Croda International Plc
16.4. PureTemp LLC
16.5. Laird Limited.
16.6. Rubitherm Technologies GmbH
16.7. PCM Products Ltd
16.8. Climator Sweden AB
16.9. Shin-Etsu Chemicals Co., Ltd.
16.10. Dongguan Guo Heng plastic technology co., LTD
17. STRATEGIC RECOMMENDATIONS
18. ABOUT US & DISCLAIMER
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. RESEARCH METHODOLOGY
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. EXECUTIVE SUMMARY
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, Trends
4. IMPACT OF COVID-19 ON GLOBAL PHASE CHANGE MATERIALS MARKET
5. GLOBAL PHASE CHANGE MATERIALS MARKET OUTLOOK
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Product (Paraffin, Salt Hydrates, Eutectics, Non-Paraffin, Others)
5.2.2. By Application (Building and Construction, Heating, Ventilation, and Air Conditioning (HVAC) Systems, Energy Storage Management, Commercial Refrigeration, Cold Chain and Packaging, Textiles, Others)
5.2.3. By Region
5.2.4. By Company (2023)
5.3. Market Map
6. ASIA PACIFIC PHASE CHANGE MATERIALS MARKET OUTLOOK
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Product
6.2.2. By Application
6.2.3. By Country
6.3. Asia Pacific: Country Analysis
6.3.1. China Phase Change Materials Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Product
6.3.1.2.2. By Application
6.3.2. India Phase Change Materials Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Product
6.3.2.2.2. By Application
6.3.3. Australia Phase Change Materials Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Product
6.3.3.2.2. By Application
6.3.4. Japan Phase Change Materials Market Outlook
6.3.4.1. Market Size & Forecast
6.3.4.1.1. By Value
6.3.4.2. Market Share & Forecast
6.3.4.2.1. By Product
6.3.4.2.2. By Application
6.3.5. South Korea Phase Change Materials Market Outlook
6.3.5.1. Market Size & Forecast
6.3.5.1.1. By Value
6.3.5.2. Market Share & Forecast
6.3.5.2.1. By Product
6.3.5.2.2. By Application
7. EUROPE PHASE CHANGE MATERIALS MARKET OUTLOOK
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Product
7.2.2. By Application
7.2.3. By Country
7.3. Europe: Country Analysis
7.3.1. France Phase Change Materials Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Product
7.3.1.2.2. By Application
7.3.2. Germany Phase Change Materials Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Product
7.3.2.2.2. By Application
7.3.3. Spain Phase Change Materials Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Product
7.3.3.2.2. By Application
7.3.4. Italy Phase Change Materials Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Product
7.3.4.2.2. By Application
7.3.5. United Kingdom Phase Change Materials Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Product
7.3.5.2.2. By Application
8. NORTH AMERICA PHASE CHANGE MATERIALS MARKET OUTLOOK
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Product
8.2.2. By Application
8.2.3. By Country
8.3. North America: Country Analysis
8.3.1. United States Phase Change Materials Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Product
8.3.1.2.2. By Application
8.3.2. Mexico Phase Change Materials Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Product
8.3.2.2.2. By Application
8.3.3. Canada Phase Change Materials Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Product
8.3.3.2.2. By Application
9. SOUTH AMERICA PHASE CHANGE MATERIALS MARKET OUTLOOK
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Product
9.2.2. By Application
9.2.3. By Country
9.3. South America: Country Analysis
9.3.1. Brazil Phase Change Materials Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Product
9.3.1.2.2. By Application
9.3.2. Argentina Phase Change Materials Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Product
9.3.2.2.2. By Application
9.3.3. Colombia Phase Change Materials Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Product
9.3.3.2.2. By Application
10. MIDDLE EAST AND AFRICA PHASE CHANGE MATERIALS MARKET OUTLOOK
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Product
10.2.2. By Application
10.2.3. By Country
10.3. MEA: Country Analysis
10.3.1. South Africa Phase Change Materials Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Product
10.3.1.2.2. By Application
10.3.2. Saudi Arabia Phase Change Materials Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Product
10.3.2.2.2. By Application
10.3.3. UAE Phase Change Materials Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Product
10.3.3.2.2. By Application
11. MARKET DYNAMICS
11.1. Drivers
11.2. Challenges
12. MARKET TRENDS & DEVELOPMENTS
12.1. Recent Developments
12.2. Product Launches
12.3. Mergers & Acquisitions
13. GLOBAL PHASE CHANGE MATERIALS MARKET: SWOT ANALYSIS
14. PORTER’S FIVE FORCES ANALYSIS
14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Product
15. PESTLE ANALYSIS
16. COMPETITIVE LANDSCAPE
16.1. Henkel AG & Co. KGaA
16.1.1. Business Overview
16.1.2. Company Snapshot
16.1.3. Products & Services
16.1.4. Financials (As Reported)
16.1.5. Recent Developments
16.2. Honeywell International.Inc.
16.3. Croda International Plc
16.4. PureTemp LLC
16.5. Laird Limited.
16.6. Rubitherm Technologies GmbH
16.7. PCM Products Ltd
16.8. Climator Sweden AB
16.9. Shin-Etsu Chemicals Co., Ltd.
16.10. Dongguan Guo Heng plastic technology co., LTD
17. STRATEGIC RECOMMENDATIONS
18. ABOUT US & DISCLAIMER
