Global Phase Change Materials Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Phase Change Materials Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Product Type (Organic, Inorganic, and Bio-based), Encapsulation Technology (Macro, Micro, and Molecular), End-user Industry (Building and Construction, Packaging, Textiles, Electronics, Transportation, and Other), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Phase Change Materials Market was valued at USD 659.6 million in 2023 and is expected to reach USD 2,177.3 million by 2031 while growing at a CAGR of 16.1% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global phase change materials market growth. Phase Change Materials (PCMs) are substances capable of storing and releasing significant heat energy during a specific temperature-induced phase transition, typically from a solid to a liquid or vice versa. This unique property makes them valuable for applications requiring temperature control and energy storage.
Advancements in the Building and Construction Industry, coupled with the increasing use in Electronics and Thermal Management, drive the phase change materials market forward. This progress overcomes challenges such as high initial costs and limited awareness and understanding.
Furthermore, the global phase change materials industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Product Type Analysis
The Global Phase Change Materials Market is segmented among Organic, Inorganic, and Bio-based, based on Product Type. In 2023, Inorganic accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Encapsulation Technology Analysis
The Global Phase Change Materials Market is segmented among Macro, Micro, and Molecular, based on Encapsulation Technology. In 2023, Macro accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Phase Change Materials Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, Europe dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are Appvion Inc., Croda International Plc, Cryopak, Entropy Solution, Henkel AG & Co. KGAA, Laird Technologies, Microtek Laboratories Inc., National Gypsum Services Company, Outlast Technologies LLC6., Parker Hannifin Corp6, Rubitherm Technologies GmbH, Shenzhen Aochuan Technology Co. Ltd., and Shin-Etsu Chemical Co. Ltd.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Phase Change Materials Market Dynamics
Drivers
Restraints
Opportunity
4. Global Phase Change Materials Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Phase Change Materials Market Segmentation, By Product Type
Global Phase Change Materials Market Share Analysis, By Product Type
Global Phase Change Materials Market Growth Analysis, By Product Type
Global Phase Change Materials Market Trends, By Product Type
o Organic
o Inorganic
o Bio-based
6. Global Phase Change Materials Market Segmentation, By Encapsulation Technology
Global Phase Change Materials Market Share Analysis, By Encapsulation Technology
Global Phase Change Materials Market Growth Analysis, By Encapsulation Technology
Global Phase Change Materials Market Trends, By Encapsulation Technology
o Macro
o Micro
o Molecular
7. Global Phase Change Materials Market Segmentation, By End-user Industry
Global Phase Change Materials Market Share Analysis, By End-user Industry
Global Phase Change Materials Market Growth Analysis, By End-user Industry
Global Phase Change Materials Market Trends, By End-user Industry
o Building and Construction
o Packaging
o Textiles
o Electronics
o Transportation
o Others
8. Global Phase Change Materials Market Segmentation, By Region
Global Phase Change Materials Market Share Analysis, By Region
Global Phase Change Materials Market Growth Analysis, By Region
Global Phase Change Materials Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
9. Competitive Landscape
Appvion Inc.*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
Croda International Plc
Cryopak
Entropy Solution
Henkel AG & Co. KGAA
Laird Technologies
Microtek Laboratories Inc.
National Gypsum Services Company
Outlast Technologies LLC.
Parker Hannifin Corp.
Rubitherm Technologies GmbH
Shenzhen Aochuan Technology Co. Ltd.
Shin-Etsu Chemical Co. Ltd
*Similar analysis will be provided for each company listed above.
