Global Advanced Phase Change Material (PCM) Market, By Type (Organic, Inorganic, Bio-Based PCM), By

Published Date: | Report Code : MT1924664


Demand for advancements in micro and macro encapsulation technologies is expected to drive the growth of the advanced phase change material (PCM) market during the forecast period. This has resulted in some of the key developments by companies operating in the market to consolidate their market positions and look for further niche opportunities.

Materials that can store latent heat during the phase transition are called phase change materials (PCMs). PCMs latent heat transition can be achieved with solid-solid, solid-liquid, solid-gas, and liquid-gas phase changes. However, the only solid-liquid phase change is used in advanced PCMs at the commercial level, since other methods require a large volume of materials and high pressure. They are available in amorphous and crystalline forms.

There are three major products of advanced PCM, namely, salt hydrates, paraffin wax, and other fatty acid-based PCM. Phase change materials have a unique structural combination. With the help of this unique structure, these materials can store energy and release the stored energy.

With a growing global focus on energy conservation, phase change materials are expected to play a major and vital role in the coming years. They are extensively being used in applications such as refrigeration, HVAC, energy storage and building and construction. Compared to other conventional materials, advanced phase change materials provide high heat storage capacity. Hence, they are mostly used in energy-efficient buildings.

Key Factors Impacting Market Growth:

  • Demand for advancements in micro and macro encapsulation technologies
  • Technological developments in the field of advanced PCM
  • Growing construction industry in emerging economies such as India, China, Brazil, South Africa, and Russia
  • High cost of advanced PCM and lack of awareness among consumers to hamper the market

Regional Analysis: 

The advanced phase change material (PCM) market by region has been segmented by North America, Western Europe, Asia Pacific, Middle East, Eastern Europe, and the Rest of the World. North America and Western Europe are major regions for the advanced phase change material (PCM) market owing to diversified demand from end-use industries and competitive scenarios. Some of the major end-use applications in these regions include refrigeration, HVAC, energy storage and building and construction and others. These markets have been dynamic in terms of new product developments and related activities. Hence, some of the emerging sub-segments in this market promise high potential in this region. Major countries for advanced phase change material (PCM) market in these regions include the US, Germany, France, UK, Canada, Italy, and so on. Recent economic slowdowns, trade implications and environmental concerns are some of the key impact factors influencing the market dynamics in these regions. Developing regions including Asia Pacific, South America, and Africa have witnessed key developments in terms of organic and inorganic growth strategies. Global companies have made strategic investments in these regions with favorable production conditions and high demand from end-use industries. China, India, Brazil, South Africa, South Korea, Japan, and others have been some of the key economies in the region. refrigeration, HVAC, energy storage and building and construction are some of the major industries in the region with strong potential for advanced phase change material (PCM) market. Middle East promises a strong market potential with demand from countries including UAE, Saudi Arabia, Qatar, and others that are seeking to diversify the economic outlook. Eastern Europe consisting of Russia and Turkey is also estimated as one of the key markets with demand from refrigeration, HVAC, energy storage and building and construction.

Companies Covered: 

BASF SE, Advansa B.V., Entropy Solutions, Dow Corning Corporation, Cryopak Inc., Honeywell, Climator Sweden AB, PCM Energy Ltd., Microtek Laboratories, and Rubitherm Technologies GmbH., Phase Change Materials Products Ltd., Rubitherm Technologies GmbH, Ciat Group, Datum Phase Change Ltd., Emco Klimatechnik Gmbh & Co. KG, Rgees LLC., Climator Sweden AB, Ewald Dörken AG, and Laird PLC., Sonoco Products Company, Outlast Technologies LLC., E. I. Du Pont De Nemours And Company, Phase Change Energy Solutions, and Pluss Advanced Technologies Pvt. Ltd… 

Market Segmentation: 

By Type:

  • Organic
  • Inorganic
  • Bio-based PCM

By Application:

  • HVAC
  • Shipping & Transport
  • Electronics
  • Textiles
  • Building & Construction
  • Energy Storage
  • Others

By Region:

  • North America
    • By Country (US, Canada, Mexico)
    • By Type
    • By Application
  • Europe
    • By Country (Germany, UK, France, Italy, Spain, Rest of Europe)
    • By Type
    • By Application
  • Asia Pacific
    • By Country (China, Japan, India, Korea, Rest of Asia Pacific)
    • By Type
    • By Application
  • Middle East
    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
    • By Type
    • By Application
  • Rest of the World
  • By Region (South America, Africa)
  • By Type
  • By Application

Reasons To Buy This Report:

  • Market size estimation of the advanced phase change material (PCM) market on a regional and global basis
  • Unique research design for market size estimation and forecast
  • Profiling of major companies operating in the market with key developments
  • Broad scope to cover all the possible segments helping every stakeholder in the market


We provide customization of the study to meet specific requirements:

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  • By Sub-segment
  • By Region/Country

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