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Advanced Phase Change Material Trends and Forecast
The future of the global advanced phase change material market looks promising with opportunities in the building & construction, energy storage, HVAC, shipping & transportation, electronic, and textile markets. The global advanced phase change material market is expected to reach an estimated $2.9 billion by 2030 with a CAGR of 11.6% from 2024 to 2030. The major drivers for this market are growth in the market for effective materials for temperature control, increase in the significance of sustainable development and energy conservation, as well as, rising need for effective insulation in HVAC and commercial freezing applications.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Advanced Phase Change Material by Segment
The study includes a forecast for the global advanced phase change material by type, application, and region.
Advanced Phase Change Material Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Organic PCM
• Inorganic PCM
• Bio-Based PCM
Advanced Phase Change Material Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Building & Construction
• Energy Storage
• HVAC
• Shipping & Transportation
• Electronics
• Textiles
• Others
Advanced Phase Change Material Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Advanced Phase Change Material Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies advanced phase change material companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the advanced phase change material companies profiled in this report include-
• Pluss Advanced Technologies
• DuPont
• BASF SE
• Entropy Solutions
• Phase Change Energy Solutions
• Advansa B.V
• Cryopak
Advanced Phase Change Material Market Insights
Lucintel forecasts that bio-based is expected to witness the highest growth over the forecast period due to rising knowledge and demand for renewable resources, reinforced by government measures to minimize dependence on fossil fuels, as well as, increasing need for bio-based PCM across a range of industries, including food processing, textiles, and cold chain logistics.
APAC is expected to witness highest growth over the forecast period due to rising textile and manufacturing sectors, significant increase in the level of personal income and improvement of the financial situation of the consumers in the region.
Features of the Global Advanced Phase Change Material Market
Market Size Estimates: Advanced phase change material market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Advanced phase change material market size by type, application, and region in terms of value ($B).
Regional Analysis: Advanced phase change material market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different type, application, and regions for the advanced phase change material market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the advanced phase change material market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the advanced phase change material market size?
Answer: The global advanced phase change material market is expected to reach an estimated $2.9 billion by 2030.
Q2. What is the growth forecast for advanced phase change material market?
Answer: The global advanced phase change material market is expected to grow with a CAGR of 11.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the advanced phase change material market?
Answer: The major drivers for this market are growth in the market for effective materials for temperature control, increase in the significance of sustainable development and energy conservation, as well as, rising need for effective insulation in HVAC and commercial freezing applications.
Q4. What are the major segments for advanced phase change material market?
Answer: The future of the global advanced phase change material market looks promising with opportunities in the building & construction, energy storage, HVAC, shipping & transportation, electronic, and textile markets.
Q5. Who are the key advanced phase change material market companies?
Answer: Some of the key advanced phase change material companies are as follows:
• Pluss Advanced Technologies
• DuPont
• BASF SE
• Entropy Solutions
• Phase Change Energy Solutions
• Advansa B.V
• Cryopak
Q6. Which advanced phase change material market segment will be the largest in future?
Answer: Lucintel forecasts that bio-based is expected to witness the highest growth over the forecast period due to rising knowledge and demand for renewable resources, reinforced by government measures to minimize dependence on fossil fuels, as well as, increasing need for bio-based PCM across a range of industries, including food processing, textiles, and cold chain logistics.
Q7. In advanced phase change material market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to rising textile and manufacturing sectors, significant increase in the level of personal income and improvement of the financial situation of the consumers in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the advanced phase change material market by type (organic PCM, inorganic PCM, and bio-based PCM), application (building & construction, energy storage, HVAC, shipping & transportation, electronics, textiles, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Advanced Phase Change Material Market, Advanced Phase Change Material Market Size, Advanced Phase Change Material Market Growth, Advanced Phase Change Material Market Analysis, Advanced Phase Change Material Market Report, Advanced Phase Change Material Market Share, Advanced Phase Change Material Market Trends, Advanced Phase Change Material Market Forecast, Advanced Phase Change Material Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Advanced Phase Change Material Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Advanced Phase Change Material Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Advanced Phase Change Material Market by Type
3.3.1: Organic PCM
3.3.2: Inorganic PCM
3.3.3: Bio-Based PCM
3.4: Global Advanced Phase Change Material Market by Application
3.4.1: Building & Construction
3.4.2: Energy Storage
3.4.3: HVAC
3.4.4: Shipping & Transportation
3.4.5: Electronics
3.4.6: Textiles
3.4.7: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Advanced Phase Change Material Market by Region
4.2: North American Advanced Phase Change Material Market
4.2.2: North American Advanced Phase Change Material Market by Application: Building & Construction, Energy Storage, HVAC, Shipping & Transportation, Electronics, Textiles, and Others
4.3: European Advanced Phase Change Material Market
4.3.1: European Advanced Phase Change Material Market by Type: Organic PCM, Inorganic PCM, and Bio-Based PCM
4.3.2: European Advanced Phase Change Material Market by Application: Building & Construction, Energy Storage, HVAC, Shipping & Transportation, Electronics, Textiles, and Others
4.4: APAC Advanced Phase Change Material Market
4.4.1: APAC Advanced Phase Change Material Market by Type: Organic PCM, Inorganic PCM, and Bio-Based PCM
4.4.2: APAC Advanced Phase Change Material Market by Application: Building & Construction, Energy Storage, HVAC, Shipping & Transportation, Electronics, Textiles, and Others
4.5: ROW Advanced Phase Change Material Market
4.5.1: ROW Advanced Phase Change Material Market by Type: Organic PCM, Inorganic PCM, and Bio-Based PCM
4.5.2: ROW Advanced Phase Change Material Market by Application: Building & Construction, Energy Storage, HVAC, Shipping & Transportation, Electronics, Textiles, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Advanced Phase Change Material Market by Type
6.1.2: Growth Opportunities for the Global Advanced Phase Change Material Market by Application
6.1.3: Growth Opportunities for the Global Advanced Phase Change Material Market by Region
6.2: Emerging Trends in the Global Advanced Phase Change Material Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Advanced Phase Change Material Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Advanced Phase Change Material Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Pluss Advanced Technologies
7.2: DuPont
7.3: BASF SE
7.4: Entropy Solutions
7.5: Phase Change Energy Solutions
7.6: Advansa B.V
7.7: Cryopak
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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