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Advanced Phase Change Material PCM by Type Organic Inorganic and Bio-based Application Building Construction Energy Storage HVAC Shipping Transportation Electronics Textiles and Other

Advanced Phase Change Material (PCM) by Type (Organic, Inorganic and Bio-based), Application (Building & Construction, Energy Storage, HVAC, Shipping & Transportation, Electronics, Textiles, and Others) – Trends & Global Forecast to 2025

Report code: SDMRCH499857 | Industry: Chemicals & Materials | Published On: 7/6/2019

The total advanced PCMs market is likely to reach USD 2,192 million by the end of 2023, growing at a CAGR of 16.0%. Growing concerns towards energy saving processes, sustainable development, increasing demand of biodegradable materials, and advancement in packaging science is driving the market for advanced PCMs globally. However, presence of harmful chemicals in PCMs and lack of government inventiveness and encouragement for the use of PCM products is to remain a major challenge for the advanced PCMs industry in near future.
In 2018, Europe accounts for the largest market share in advanced PCMs market followed by North America and Asia-Pacific. Growing construction activities in developing nations such as China, India, and Brazil is the main driver for the demand of PCM products. The governments in these nations is in a process of adopting environment-friendly legislation, which will further drive the demand of these products in these regions Also, continuous efforts of developed nations such as the US, EU-27, and Japan to save energy by optimizing the use of fossil fuels is further driving the use of PCM products in various applications.


PCMs are broadly segmented into inorganic PCMs, organic PCMs, and bio-based PCMs. Organic PCMs are further classified as paraffin and non-paraffin materials, whereas inorganic phase changed materials segmented into salt hydrate and metallic. Bio-based advanced PCMs are mostly derived from plant oil or animal fat and poses higher biodegradability. Organic PCMs holds the largest market share in terms of value due to their high price. However, inorganic PCMs have the high consumption in terms of volume. Growing environment concerns and stiff regulation towards biodegradability, is expected to drive the demand of bio-based PCMs in coming years.
In 2017, building and construction is the largest application of PCMs due to their high use in building and construction activities especially in cooling buildings which in turn has arisen due to the shift from heavy thermal mass design to lightweight architecture. However, textile application is expected to have the highest CAGR of 25% from 2017 to 2023.
Market Players in PCM market adopt commonly adopting marketing strategies to position their products, which includes advertising PCM products as being cost and energy efficient and environmentally friendly products. Some of the key strategies and expansion plans adopted by top market players include joint ventures, investments, acquisitions, and collaboration with universities and research institutes to develop new products. Some of the major market players active in the industry include Outlast Technologies, CSafe Global, Dow Chemicals, DuPont BASF, Henkel, and Entropy Solutions.

1.  Introduction
1.1.  Goal  &  Objective  
1.2.  Report  Coverage  
1.3.  Supply  Side  Data  Modelling  &  Methodology                                                                                                                                
1.4.  Demand  Side  Data  Modelling  &  Methodology
2.  Executive  Summary  

3.  Market  Outlook  
3.1.  Introduction
3.2.  Current  &  Future  Outlook
3.3.  DROC
3.3.1.  Drivers  Demand  Drivers  Supply  Drivers
3.3.2.  Restraints
3.3.3.  Opportunities
3.3.4.  Challenges
3.4.  Market  Entry  Matrix
3.5.  Market  Opportunity  Analysis
3.6.  Market  Regulations
3.7.  Pricing  Mix
3.8.  Value  Chain  &  Ecosystem
3.9.  Key  Customers

4.  Market  Demand  Analysis
4.1.  Advanced  Phase  Change  Material  Market  (PCM),  By  Type      
4.1.1.  Introduction  
4.1.2.  Organics
4.1.3.  Inorganic
4.1.4.  Bio-based
4.1.5.  Others

5.  Advanced  Phase  Change  Material  Market  (PCM),  By  Form  
5.1.    Introduction  
5.2.  Building  and  Construction  
5.3.  Cold  Storage
5.4.  HVAC
5.5.  Energy  Storage
5.6.  Refrigeration  Equipment
5.7.  Electronics
5.8.  Textiles
5.9.  Others  (Healthcare,  Automotive)  

6.  Advanced  Phase  Change  Material  Market  (PCM),  By  Region  
6.1.    Introduction  
6.2.  North  America  
6.2.1.  U.S.A
6.2.2.  Canada
6.2.3.  Mexico
6.3.  Asia  Pacific
6.3.1.  China
6.3.2.  Japan
6.3.3.  South  Korea
6.3.4.  India
6.3.5.  Australia
6.3.6.  Others  
6.4.  Europe  
6.4.1.  Germany
6.4.2.  UK
6.4.3.  Sweden
6.4.4.  France
6.4.5.  Italy
6.4.6.  Others
6.5.  Middle  East  &  Africa  
6.5.1.  Saudi  Arabia
6.5.2.  UAE
6.5.3.  Others
6.6.  South  America
6.6.1.  Brazil  
Rest  of  South  America

6.7.  Supply  Market  Analysis  (Industry  Player  Analysis)
6.7.1.  Strategic  Benchmarking
6.7.2.  Market  Share  Analysis
6.7.3.  Key  Players  ACU  Temp  Thermal  Systems  Aegis  Building  Technologies  AI  Technology  Inc  Aster  Teleservices  Pvt  Ltd  BASF  AG  National  Gypsum  Capzo  International  B  V  Chomerics  Cosella-Dorken  Dow  Chemical  Honeywell  Electronics  Materials,  Inc.  Entropy  Soluations  LLC  Microtek  Laboratories  Phase  Change  Materials  Products  Henkel  AG  Sasol  Limited  Croda  International  PLC.

SDMR employs a three way data triangulation approach to arrive at market estimates. We use primary research, secondary research and data triangulation by top down and bottom up approach


Secondary Research:
Our research methodology involves in-depth desk research using various secondary sources. Data is gathered from association/government publications/databases, company websites, press releases, annual reports/presentations/sec filings, technical papers, journals, research papers, magazines, conferences, tradeshows, and blogs.

Key Data Points through secondary research-
Macro-economic data points
Import Export data
Identification of major market trends across various applications
Primary understanding of the industry for both the regions
Competitors analysis for the production capacities, key production sites, competitive landscape
Key customers
Production Capacity
Pricing Scenario
Cost Margin Analysis

Key Data Points through primary research-
Major factors driving the market and its end application markets
Comparative analysis and customer analysis
Regional presence
Collaborations or tie-ups
Annual Production, and sales
Profit Margins
Average Selling Price

Data Triangulation:
Data triangulation is done using top down and bottom approaches. However, to develop accurate market sizing estimations, both the methodologies are used to accurately arrive at the market size. Insert Image
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