Phase Change Material Market by type (Inorganic, Organic), Application (Building & Construction, HVAC, Cold Chain & Packaging, Electronics, Textile) and Region (North America, Europe, APAC, Rest of World) – Global Forecasts to 2026

2022-02-18
Price :
Published : Feb-2022
No. of Pages : 252

“Regulations for reduction of greenhouse gas emission are expected to drive the phase change material market.”

The phase change material market is estimated to grow to USD 1,004 million by 2026 from USD 477 million in 2021, at a CAGR of 16.0%.Global warming and changing climate patterns are major environmental concerns. The European Union (EU) planned to reduce greenhouse gas emissions by 20% by 2020 and by 40% by 2030, with new environment-friendly technologies being required to achieve this objective. The use of phase change material is expected to reduce the demand for coolers and heaters, and subsequently lower the demand for electricity. Through incorporating phase change material in applications such as building and HVAC, companies now have the potential to earn 10–20 times more carbon credits than available through using other green insulating materials. Regulations for carbon emission reductions such as the CRC Energy Efficiency Scheme in the UK have made it mandatory for non-energy-intensive organizations in the public and private sectors to reduce carbon emissions. There is an increasing demand for phase change material in buildings that reduces the required compressor load for heating and cooling buildings by maintaining required room temperatures, thus decreasing carbon emissions. All these factors are expected to drive the phase change material market.

Inorganic expected to be the largest phase change material type of the phase change material market, in terms of value, between 2021 and 2026

By type, the phase change material market is segmented into inorganic, and organic. Phase change material stores energy as latent heat, in contrast to materials that store energy as sensible heat or chemical energy. Inorganic accounted for the larger share of the global phase change material market in 2020 in terms of value. Rising demand for class-A fire rating phase change material in the country, accompanied by its increasing use in applications such as cold chain & packaging, and refrigeration & equipment drives the demand for inorganic phase change materials.

“Government initiatives for construction of green buildings to drive the demand for phase change materials in the Europe.”

Europe was the largest market for phase change material in terms of both, value and volume in 2020. Growth of the overall phase change material market in the region is driven majorly by demand from the building & construction application and stringent government regulations regarding carbon emissions. The initiatives of governments for the construction of green buildings boosted market growth as phase change material helps in saving carbon credits allotted to each building. The cost of energy is also high in Europe, which drives demand for phase change material in the region.

  • By Company Type: Tier 1 – 46%, Tier 2 -31%, and Tier 3 – 23%
  • By Designation: C-Level – 46%, Director Level – 27%, and Others – 27%
  • By Region:North America – 33%, Europe – 27%,APAC- 27%, South America – 7%,Middle East & Africa – 6%,

The key players profiled in the report include Cold Chain Technologies, Inc. (US), Croda International Plc. (UK), Microtek Laboratories Inc. (US), Sasol Limited (South Africa), PureTemp LLC. (US), Henkel AG & Company KGAA (Germany), Outlast Technologies LLC (US), Climator Sweden AB (Sweden), among others.

Research Coverage

This report segments the market for phase change material based type, application, and region, and provides estimations for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, associated with the market for phase change material.

Reasons to Buy this Report

This research report is focused on various levels of analysis—industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the construction lubricants market; high-growth regions; and market drivers, restraints, and opportunities.

The report provides insights on the following pointers:

  • Market Penetration: Comprehensive information on phase change materials offered by top players in the global market
  • Market Development: Comprehensive information about lucrative emerging markets—the report analyzes the markets for phase change material across regions
  • Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global phase change material market
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the phase change material market
Filed in: Advanced Material
Publisher : marketsandmarkets
More Reports
Title Price Buy Now

3D Printing Plastics Market by Type (Photopolymer, ABS, PLA, Polyamide), Form (Powder, Liquid, Filament), Application, End-User Industry (Aerospace & Defense, Healthcare, Automotive, Electronics & Consumer Goods) and Region – Global Forecast to 2027

“The 3D printing plastics market is projected to register a CAGR of 21.5% during the forecast period.” The 3D printing plastics market is estimated to be USD  721 million in 2022 and is projected to reach USD  1,907 million by 2027, at a CAGR of 21.5% between 2022 and 2027. The supportive initiatives undertaken by governments of different countries to support adoption of 3D printing technologies in various industries is one of the most significant factors projected to drive the growth of the 3D printing plastics market. Increased supply of of 3D printing plastics due to forward integration of major polymer companies and mass customization are also contributing to the growth of the 3D printing plastics market. However, skepticism regarding acceptance of new technologies in emerging......
$4950

Thermal Interface Materials Market by Chemistry (Silicone, Epoxy, Polyimide), Type (Greases & adhesives, Tapes & Films, Gap Fillers), Application (Computers, Telecom, Consumer Durables, Medical Devices) and Region – Global Forecast to 2027

Growth in the thermal interface materials market can primarily be attributed to the growing involvement of amorphous polyethylene terephthalate in the computers, telecom, and medical devices, among others. Thermal interface materials (TIMs) are used to remove the heat generated by semiconductors to maintain the junction temperature of electronic & electrical components within safe operating limits. This heat removal process involves the conduction from a package surface to a heat spreader that can transfer the heat to the ambient environment more efficiently. The global thermal interface materials market size is estimated at USD 3.4 billion in 2022 and is projected to reach USD 5.6 billion by 2027, at a CAGR of 10.5%. Growth in the thermal interface materials market can primarily be at......
$4950

Metal Nanoparticles Market by Metal (Platinum, Gold, Silver, Iron, Copper, Nickel), Process (Chemical, Physical), End-use (Pharmaceutical & Healthcare, Electrical & electronics, Catalyst, Personal care & cosmetics) and Region – Global Forecast to 2026

The global metal nanoparticles market is projected to register a CAGR of 11.5% between 2021 and 2026, in terms of value. The global metal nanoparticles market size is projected to grow from USD 2.4 billion in 2021 to USD 4.2 billion by 2026, at a CAGR of 11.5% between 2021 and 2026. Rising focus of government on nanotechnology research, growing popularity of gold nanoparticles in the pharmaceutical & healthcare industry, and increasing application areas of nanoparticles, are driving the market for metal nanoparticles. However, toxicity caused due to nanoparticlesis expected to restrain this market. Growing pharmaceutical & healthcare industry isexpected to offer significant growth opportunities to manufacturers of metal nanoparticles. The major challenge faced by players is the ......
$4950

Prepreg Market by Fiber Type (Glass, Carbon, Others), By Resin Type (Thermoset, Thermoplastic), Form (Tow, Fabric), Manufacturing, Application ( Aerospace & Defense, Wind Energy, Sporting Goods, Automotive) and Region – Global Forecast 2026

“The prepreg market is projected to register a CAGR of 12.5% during the forecast period.” The global prepreg market size is estimated at USD 7.0 billion in 2021 and is projected to reach USD 12.6 billion by 2026, at a CAGR of 12.5%.Prepreg is being used in the aerospace & defense, wind energy, automotive, sporting goods, electronics, and other end-use industries. The increasing wind energy projects and demand of lightweight material from automotive industry support the demand for prepreg in the wind energy and automotive end-use industry.  “Carbon Fiber Reinforcement Type is the fastest-growing Fiber Reinforcement Type of prepregs, in terms of value.” The carbon fiber prepregs find wide applications in various end-use industries. Carbon fiber prepregs are used in auto......
$4950

Greenhouse Film Market by Resin Type (LDPE, LLDPE, EVA), Thickness (80 to 150 Microns, 150 to 200 Microns, More than 200 Microns), Width (4.5M, 5.5 M, 7M, 9M) and Region (APAC, Europe, North America, South America, MEA) – Global Forecast to 2026

“The greenhouse film market is projected to register a CAGR of 7.6% between 2021 and 2026.” The global greenhouse film market size is projected to grow from USD 5.9 billion in 2021 to USD 8.6 billion by 2026, at a CAGR of 7.6% between 2021 and 2026. APAC is estimated to be the largest consumer of greenhouse film. Global focus on increasing agricultural output, increased demand for greenhouse-cultivated crops, and growth in areas for greenhouse-protected cultivation are the key driving factors for the market. “LDPE resin segment is estimated to be the largest segment of the greenhouse film market.” LDPE resin segment is expected to lead the overall greenhouse film market in terms of value, between 2021 and 2026. The vital features of LDPE that make it suitable for use in g......
$4950

Rare Earth Metals Recycling Market by Application (Permanent Magnets, Alloys, Polishing Materials, Glass, Catalyst, Phosphor, Ceramics, Hydrogen Storage Alloys), Technology (Hydrometallurgical, Pyrometallurgical) and Region – Global Forecasts to 2026

“Increasing use of rare-earth elements that are used in the permanent magnet application is likely to drive the rare-earth metals market in the near future.” The rare-earth metals market is projected to grow from USD 5.3 billion in 2021 to USD 9.6 billion by 2026, at a CAGR of 12.33% during the forecast period. The increasing uses of rare-earth elements that are used in the permanent magnet application are likely to drive the rare-earth metals market. APAC is the fastest-growing market for rare-earth metals due to increase in production and consumption in China. Significant usage of permanent magnets offer a huge impetus to these advanced materials, are expected to drive the rare-earth metals market in the region. “In terms of value, Neodymium oxide segment is projected to lead......
$4950

Automotive Interior Materials Market by Type (Polymer, Genuine Leather, Fabric, Synthetic Leather), Vehicle Type, Application (Dashboard, Door Panel, Seats, Floor Carpets) & Region (APAC, Europe, North America, MEA, South America) – Global Forecast to 2026

“Optimizing fuel efficiency by reducing the overall weight of the vehicle” The automotive interior materials market is projected to reach USD 54.8 billion by 2026, at a CAGR of 2.6% from USD 48.1 billion in 2021. The automotive industry is currently under constant pressure to adapt to new changes due to technological advancements and end-user preferences. Vehicle interiors are key areas that have witnessed a rapid change due to various factors such as consumer demand for safety and comfort, preference for fuel efficiency, and increasing competition within the industry. Automotive interior materials are usually used in the manufacturing of seat covers, headrests, armrests, door panels, center consoles, floor mats, and dashboards. These materials are processed and supplied to OEMs for......
$4950

Recycled Carbon Fiber Market by Type (Chopped Recycled Carbon Fiber, Milled Recycled Carbon Fiber), Source (Aerospace Scrap, Automotive Scrap), End-use Industry and Region (North America, Europe, APAC, MEA and Latin America) – Global Forecast to 2026

“The recycle carbon fiber market is projected to register a CAGR of 12.0% during the forecast period.” The global recycled carbon fiber market size is projected to grow from USD 126 million in 2021 to USD 222 million by 2026, at a CAGR of 12.0% during the forecast period. These material features excellent properties such as high strength and modulus, low density, dimensional stability, and low thermal expansion. However, the negative impact of the COVID-19 pandemic across all the end-use industries has affected the recycle carbon fiber market adversely. The recycled carbon fiber market is growing due to the rise in the demand for cost-effective and high-performance materials, and stringent government regulations globally. “Chopped type is the fastest-growing segment in the recy......
$4950

Antimicrobial Plastics Market by Additive (Inorganic, Organic), Type (Commodity Plastics, Engineering Plastics, High-Performance Plastics), Application and Region (APAC, North America, Europe, MEA, South America) – Global Forecast to 2026

“Outbreak of pandemic and growing awareness pertaining to antimicrobial plastics” The antimicrobial plastics market is projected to reach USD 66.7 billion by 2026, at a CAGR of 10.8% from USD 40.0 billion in 2021. Increasing demand from applications such as medical and healthcare, packaging, and consumer goods; and consumer awareness pertaining to the importance of antimicrobial plastics are the major factors attributed to the market's growth. However, volatility in raw material prices and government regulations on the usage of plastics in certain applications are hampering market growth. Additionally, the growth of the textile industry is expected to offer lucrative opportunities for the market players. “The inorganic additive is the largest additive of antimicrobial plastics ......
$4950

Gas Separation Membranes Market by Material Type (Polyimide & Polyaramide, PS, CA), Application (N2 Generation & O2 Enrichment, HR, CO2 removal, Vapor/Gas Separation, Vapor/Vapor Separation, AD), Module (SW, HF) and Region – Global Forecast to 2026

“The global gas separation membranes market size is projected to reach USD 1.2 billion by 2026 from USD  0.9 billion in 2021, at a CAGR of 6.7% during the forecast period.” The global gas separation membranes market size is projected to reach USD 1.2 billion by 2026 from USD 0.9 billion in 2021, at a CAGR of 6.7% during the forecast period. The overall increase in demand for gas separation membranes in emerging economies such as APAC is driving the global gas separation membranes market. Various regulations regarding carbon capture and storage are driving the growth of the gas separation membranes market. The development of mixed matrix membranes is an opportunity for the gas separation membranes market growth. Commercialization of new and advanced membrane systems are also project......
$4950
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy