Global Phase Change Material Market Analysis 2022

Global Phase Change Material Market Analysis 2022

The Global Phase Change Material Market is expected to reach $1,528.51 million by 2028 growing at a CAGR of 18.1% from 2021 to 2028. PCM is a substance material with a elevated heat of synthesis which, melting and solidifying at a certain temperature, is capable of storing and releasing energy in large amount. The PCM’s are classified as latent heat storage (LHS) units as the heat is engrossed or unconfined when the material changes from solid to liquid or vice-versa. Temperature controlled packaging based on PCMs is used for transporting life-saving drugs and pharmaceuticals and perishable foods. This is uplifting the market of the PCM’s. The PCM’s are increasingly used in the logistics and cold chain, electronic applications, buildings textiles and others.

Factors such as reduction in operating cost for cold chain and packaging industry, growing popularity of bio-based phase change materials, and environmental concerns over reducing greenhouse emissions are driving the growth of the market. However, lack of awareness for the benefits of phase change material is restraining the growth of the market.

Based on end user, the building & construction segment is estimated to have a significant growth. The application of phase change material in buildings ensures temperature regulation in rooms. The buildings and construction industry accounts for 36% of global final energy use, and the progression to achieve the sustainable development goals (SDGs) of the United Nations (UN) will lead to more construction, and the energy intensity per square meter in the buildings will need to improve by 30% by 2030. In order to suffice the energy requirement and increase efficiency, it will be necessary to use phase change materials to store some of the energy that is used during the construction. The growth in the buildings and construction sector coupled with the demand for energy storage will largely support the phase change materials market.

The key vendors mentioned are Microtek Laboratories Inc., Honeywell International Inc., PureTemp LLC, The Dow Chemical Company, Sasol Limited, Henkel AG & Co. KGaA, Rubitherm Technologies GmbH, Laird Technologies, Inc, Croda International Plc, PCM Products Ltd, Axiotherm GmbH, BASF SE, Cold Chain Technologies, Outlast Technologies, and Phase change product Pvt. Ltd.

Types Covered:

  • Organic PCM
  • Hygroscopics
  • Inorganic PCM
  • Eutectics
Temperature Ranges Covered:
  • 10 to 15 deg C
  • 2 to 8 deg C
  • -20 to -35 deg C
Equipments Covered:
  • Carriers
  • Refrigerators
  • Cold Boxes
Encapsulation Technology Types Covered:
  • Micro
  • Macro
  • Molecular
Applications Covered:
  • Negative Temperature
  • Positive Temperature
End Users Covered:
  • Hospitals/Healthcare
  • Biopharmaceutical Companies
  • Medical Laboratories
  • Chemical Industries
  • Aerospace & Automotive
  • Cold Chain & Packaging
  • Textiles and Apparel
  • Refrigeration & Equipment
  • Thermal Energy Storage
  • Building & Construction
  • Electrical & Electronics
  • Heating, Ventilation, and Air Conditioning (HVAC)
  • Shipping & Transportation
  • Solar Energy Storage
  • Telecommunications

  • Regions Covered:
    • North America
    • Europe
    • Asia Pacific
    • South America
    • Middle East & Africa
    Key Questions Answered in this Report:
    • How this market evolved since the year 2020
    • Market size estimations, forecasts and CAGR for all the segments presented in the scope
    • Key Market Developments and financials of the key players
    • Opportunity Analysis for the new entrants
    • SWOT Analysis of the key players
    • Fastest growing markets analyzed during the forecast period


1 Market Synopsis
2 Research Outline
2.1 Research Snapshot
2.2 Research Methodology
2.3 Research Sources
2.3.1 Primary Research Sources
2.3.2 Secondary Research Sources
3 Market Dynamics
3.1 Drivers
3.2 Restraints
4 Market Environment
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Phase Change Material Market, By Type
5.1 Introduction
5.2 Organic PCM
5.3 Hygroscopics
5.4 Inorganic PCM
5.5 Eutectics
6 Global Phase Change Material Market, By Temperature Range
6.1 Introduction
6.2 10 to 15 deg C
6.3 2 to 8 deg C
6.4 -20 to -35 deg C
7 Global Phase Change Material Market, By Equipment
7.1 Introduction
7.2 Carriers
7.3 Refrigerators
7.4 Cold Boxes
8 Global Phase Change Material Market, By Encapsulation Technology Type
8.1 Introduction
8.2 Micro
8.3 Macro
8.4 Molecular
9 Global Phase Change Material Market, By Application
9.1 Introduction
9.2 Negative Temperature
9.3 Positive Temperature
10 Global Phase Change Material Market, By End User
10.1 Introduction
10.2 Hospitals/Healthcare
10.3 Biopharmaceutical Companies
10.4 Medical Laboratories
10.5 Chemical Industries
10.6 Aerospace & Automotive
10.7 Cold Chain & Packaging
10.8 Textiles and Apparel
10.9 Refrigeration & Equipment
10.10 Thermal Energy Storage
10.11 Building & Construction
10.12 Electrical & Electronics
10.13 Heating, Ventilation, and Air Conditioning (HVAC)
10.14 Shipping & Transportation
10.15 Solar Energy Storage
10.16 Telecommunications
11 Global Phase Change Material Market, By Geography
11.1 Introduction
11.2 North America
11.3 Europe
11.4 Asia Pacific
11.5 South America
11.6 Middle East & Africa
12 Strategic Benchmarking
13 Vendors Landscape
13.1 Microtek Laboratories Inc.
13.2 Honeywell International Inc.
13.3 PureTemp LLC
13.4 The Dow Chemical Company
13.5 Sasol Limited
13.6 Henkel AG & Co. KGaA
13.7 Rubitherm Technologies GmbH
13.8 Laird Technologies, Inc
13.9 Croda International Plc
13.10 PCM Products Ltd
13.11 Axiotherm GmbH
13.12 BASF SE
13.13 Cold Chain Technologies
13.14 Outlast Technologies
13.15 Phase change product Pvt. Ltd.
List of Data Tables
Table 1 Global Phase Change Material Market Outlook, By Region (2020-2028) ($MN)
Table 2 Global Phase Change Material Market Outlook, By Type (2020-2028) ($MN)
Table 3 Global Phase Change Material Market Outlook, By Organic PCM (2020-2028) ($MN)
Table 4 Global Phase Change Material Market Outlook, By Hygroscopics (2020-2028) ($MN)
Table 5 Global Phase Change Material Market Outlook, By Inorganic PCM (2020-2028) ($MN)
Table 6 Global Phase Change Material Market Outlook, By Eutectics (2020-2028) ($MN)
Table 7 Global Phase Change Material Market Outlook, By Temperature Range (2020-2028) ($MN)
Table 8 Global Phase Change Material Market Outlook, By 10 to 15 deg C (2020-2028) ($MN)
Table 9 Global Phase Change Material Market Outlook, By 2 to 8 deg C (2020-2028) ($MN)
Table 10 Global Phase Change Material Market Outlook, By -20 to -35 deg C (2020-2028) ($MN)
Table 11 Global Phase Change Material Market Outlook, By Equipment (2020-2028) ($MN)
Table 12 Global Phase Change Material Market Outlook, By Carriers (2020-2028) ($MN)
Table 13 Global Phase Change Material Market Outlook, By Refrigerators (2020-2028) ($MN)
Table 14 Global Phase Change Material Market Outlook, By Cold Boxes (2020-2028) ($MN)
Table 15 Global Phase Change Material Market Outlook, By Encapsulation Technology Type (2020-2028) ($MN)
Table 16 Global Phase Change Material Market Outlook, By Micro (2020-2028) ($MN)
Table 17 Global Phase Change Material Market Outlook, By Macro (2020-2028) ($MN)
Table 18 Global Phase Change Material Market Outlook, By Molecular (2020-2028) ($MN)
Table 19 Global Phase Change Material Market Outlook, By Application (2020-2028) ($MN)
Table 20 Global Phase Change Material Market Outlook, By Negative Temperature (2020-2028) ($MN)
Table 21 Global Phase Change Material Market Outlook, By Positive Temperature (2020-2028) ($MN)
Table 22 Global Phase Change Material Market Outlook, By End User (2020-2028) ($MN)
Table 23 Global Phase Change Material Market Outlook, By Hospitals/Healthcare (2020-2028) ($MN)
Table 24 Global Phase Change Material Market Outlook, By Biopharmaceutical Companies (2020-2028) ($MN)
Table 25 Global Phase Change Material Market Outlook, By Medical Laboratories (2020-2028) ($MN)
Table 26 Global Phase Change Material Market Outlook, By Chemical Industries (2020-2028) ($MN)
Table 27 Global Phase Change Material Market Outlook, By Aerospace & Automotive (2020-2028) ($MN)
Table 28 Global Phase Change Material Market Outlook, By Cold Chain & Packaging (2020-2028) ($MN)
Table 29 Global Phase Change Material Market Outlook, By Textiles and Apparel (2020-2028) ($MN)
Table 30 Global Phase Change Material Market Outlook, By Refrigeration & Equipment (2020-2028) ($MN)
Table 31 Global Phase Change Material Market Outlook, By Thermal Energy Storage (2020-2028) ($MN)
Table 32 Global Phase Change Material Market Outlook, By Building & Construction (2020-2028) ($MN)
Table 33 Global Phase Change Material Market Outlook, By Electrical & Electronics (2020-2028) ($MN)
Table 34 Global Phase Change Material Market Outlook, By Heating, Ventilation, and Air Conditioning (HVAC) (2020-2028) ($MN)
Table 35 Global Phase Change Material Market Outlook, By Shipping & Transportation (2020-2028) ($MN)
Table 36 Global Phase Change Material Market Outlook, By Solar Energy Storage (2020-2028) ($MN)
Table 37 Global Phase Change Material Market Outlook, By Telecommunications (2020-2028) ($MN)
Table 38 North America Phase Change Material Market Outlook, By Type (2020-2028) ($MN)
Table 39 North America Phase Change Material Market Outlook, By Temperature Range (2020-2028) ($MN)
Table 40 North America Phase Change Material Market Outlook, By Equipment (2020-2028) ($MN)
Table 41 North America Phase Change Material Market Outlook, By Encapsulation Technology Type (2020-2028) ($MN)
Table 42 North America Phase Change Material Market Outlook, By Application (2020-2028) ($MN)
Table 43 North America Phase Change Material Market Outlook, By End User (2020-2028) ($MN)
Table 44 Europe Phase Change Material Market Outlook, By Type (2020-2028) ($MN)
Table 45 Europe Phase Change Material Market Outlook, By Temperature Range (2020-2028) ($MN)
Table 46 Europe Phase Change Material Market Outlook, By Equipment (2020-2028) ($MN)
Table 47 Europe Phase Change Material Market Outlook, By Encapsulation Technology Type (2020-2028) ($MN)
Table 48 Europe Phase Change Material Market Outlook, By Application (2020-2028) ($MN)
Table 49 Europe Phase Change Material Market Outlook, By End User (2020-2028) ($MN)
Table 50 Asia Pacific Phase Change Material Market Outlook, By Type (2020-2028) ($MN)
Table 51 Asia Pacific Phase Change Material Market Outlook, By Temperature Range (2020-2028) ($MN)
Table 52 Asia Pacific Phase Change Material Market Outlook, By Equipment (2020-2028) ($MN)
Table 53 Asia Pacific Phase Change Material Market Outlook, By Encapsulation Technology Type (2020-2028) ($MN)
Table 54 Asia Pacific Phase Change Material Market Outlook, By Application (2020-2028) ($MN)
Table 55 Asia Pacific Phase Change Material Market Outlook, By End User (2020-2028) ($MN)
Table 56 South America Phase Change Material Market Outlook, By Type (2020-2028) ($MN)
Table 57 South America Phase Change Material Market Outlook, By Temperature Range (2020-2028) ($MN)
Table 58 South America Phase Change Material Market Outlook, By Equipment (2020-2028) ($MN)
Table 59 South America Phase Change Material Market Outlook, By Encapsulation Technology Type (2020-2028) ($MN)
Table 60 South America Phase Change Material Market Outlook, By Application (2020-2028) ($MN)
Table 61 South America Phase Change Material Market Outlook, By End User (2020-2028) ($MN)
Table 62 Middle East & Africa Phase Change Material Market Outlook, By Type (2020-2028) ($MN)
Table 63 Middle East & Africa Phase Change Material Market Outlook, By Temperature Range (2020-2028) ($MN)
Table 64 Middle East & Africa Phase Change Material Market Outlook, By Equipment (2020-2028) ($MN)
Table 65 Middle East & Africa Phase Change Material Market Outlook, By Encapsulation Technology Type (2020-2028) ($MN)
Table 66 Middle East & Africa Phase Change Material Market Outlook, By Application (2020-2028) ($MN)
Table 67 Middle East & Africa Phase Change Material Market Outlook, By End User (2020-2028) ($MN)

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