조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2024년05월
Phase Change Materials Market – Global Forecast to 2029
상변화물질(PCM) 시장 : 유형 (유기, 무기, 공정), 용도 (건축 및 건설, HVAC, 콜드 체인 및 포장, 전자), 지역별 – 2029 년까지의 세계 예측
Phase Change Materials Market by Type (Organic, Inorganic, Eutectic), Application (Building & Construction, HVAC, Cold Chain & Packaging, Electronics), and Region – Global Forecast to 2029
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Report Overview
The phase change materials market is poised for significant growth, with a projected value of USD 1,383 million by 2029, exhibiting a robust CAGR of 17.1% from its 2024 value of USD 628 million.
상변화물질(PCM) 시장은 2029년까지 13억 8,300만 달러에 이를 것으로 예측되며, 2024년 6억 2,800만 달러에서 17.1%라는 견조한 CAGR을 보였으며, 대폭적인 성장이 예상되고 있습니다.
The phase change materials market is witnessing substantial growth, primarily driven by two key factors. The superior properties of phase change materials market stand as an ideal driver driving the growth and evolution of the phase change materials market. Phase change materials facilitate temperature control, reducing energy consumption and emissions. Compliance with stricter regulations fuels demand for phase change materials solutions, driving growth in the market for sustainable thermal management technologies. These combined forces are propelling the demand for phase change materials market in various applications.
“Organic segment was the largest type of phase change materials market in 2023, in terms of value.”
Organic emerged as the largest type in the phase change materials market due to several factors. Organic offers advantages such as high thermal storage capacity, stability, and biodegradability, making them attractive for various applications. Additionally, advancements in organic technology have led to improved performance and cost-effectiveness, further boosting their adoption. Industries seeking sustainable solutions, spurred by environmental concerns and regulatory pressures, increasingly favor organic for thermal management needs, driving significant growth and dominance in the market during the year.
“Building & Construction application was the largest segment in phase change materials market in 2023, in terms of value.”
The building & construction segment emerged as the largest application in the phase change materials market, driven by various key factors. Phase change materials ability to regulate indoor temperatures effectively, reducing energy consumption for heating and cooling, has made them indispensable in building insulation, HVAC systems, and roofing materials. With a growing emphasis on energy efficiency, green building standards, and sustainable construction practices, demand for phase change materials solutions surged in the building & construction sector. Moreover, innovations in phase change materials technology, coupled with increasing awareness of their benefits among architects, developers, and homeowners, propelled their widespread adoption in the construction industry, solidifying their position as the leading application segment in 2023.
“North America is estimated to be the fastest growing segment of phase change materials market during the forecasted year from 2024 to 2029, in terms of value.”
North America is anticipated to emerge as the fastest-growing segment in the phase change materials market. This growth is attributed to several factors, including increasing investments in sustainable construction, rising demand for energy-efficient HVAC systems, and stringent regulations aimed at reducing carbon emissions. Additionally, advancements in phase change materials technology and their expanding applications across various industries such as building & construction, automotive, and textiles contribute to the region’s rapid market expansion.
In the meticulous process of determining and verifying market sizes for multiple segments and subsegments, extensive primary interviews were conducted. A breakdown of the profiles of the primary interviewees is as follows:
• By Company Type: Tier 1 – 69%, Tier 2 – 23%, and Tier 3 – 8%
• By Designation: – Director Level – 27%, C-Level – 25%, and Others – 48%
• By Region: North America – 32%, Europe – 28%, Asia Pacific – 21%, South America – 12%, and Middle East & Africa – 7%
The key market players illustrated in the report include Honeywell International Inc. (US), DuPont de Nemours, Inc. (US), Croda International Plc (UK), Boyd Corporation (US), Sasol Limited (South Africa), Outlast Technologies LLC (US), Climator Sweden AB (Sweden), Rubitherm Technologies GmbH (Germany), PureTemp LLC (US), and Phase Change Solutions (US).
Research Coverage
This report segments the market for phase change materials market based on type, application, and region, and provides estimations for the overall value (USD Thousand) of the market across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, products & services, key strategies, new product launches, expansions, and mergers & acquisitions associated with the market for phase change materials.
Reasons to buy this report
This research report is focused on various levels of analysis — industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape, emerging and high-growth segments of the phase change materials market; high-growth regions; and market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
• Analysis of key drivers (regulations for the reduction of greenhouse gas emissions, use of phase change material for temperature control and greater comfort, use of phase change material for peak-load shifting, reduction in operating cost for cold chain and packaging industry), restraints (lack of awareness for the benefits of phase change material, flammability and corrosiveness restrict the usage of PCM, lack of government subsidies), opportunities (the rise in the need for cold chain logistics, r&d initiatives for enhanced phase change material efficiency, rising demand for consumer electronics), and challenges (high cost of switching from conventional materials).
• Market Penetration: Comprehensive information on the phase change materials market offered by top players in the global phase change materials market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the phase change materials market.
• Market Development: Comprehensive information about lucrative emerging markets — the report analyzes the markets for phase change materials market across regions.
• Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global phase change materials market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the phase change materials market
• Impact of recession on phase change materials market
Table of Contents
1 INTRODUCTION 25
1.1 STUDY OBJECTIVES 25
1.2 MARKET DEFINITION 25
1.2.1 PHASE CHANGE MATERIALS: INCLUSIONS & EXCLUSIONS 26
1.2.2 PHASE CHANGE MATERIALS: MARKET DEFINITION AND INCLUSIONS, BY TYPE 26
1.2.3 PHASE CHANGE MATERIALS: MARKET DEFINITION AND INCLUSIONS, BY APPLICATION 26
1.3 MARKET SCOPE 27
1.3.1 MARKET SEGMENTATION 27
1.3.2 REGIONS COVERED 28
1.3.3 YEARS CONSIDERED 28
1.4 CURRENCY CONSIDERED 29
1.5 UNIT CONSIDERED 29
1.6 STAKEHOLDERS 29
1.7 SUMMARY OF CHANGES 29
1.7.1 IMPACT OF RECESSION 30
2 RESEARCH METHODOLOGY 31
2.1 RESEARCH DATA 31
FIGURE 1 PHASE CHANGE MATERIALS MARKET: RESEARCH DESIGN 31
2.1.1 SECONDARY DATA 32
2.1.2 PRIMARY DATA 32
2.1.2.1 Interviews with experts: demand side and supply side 32
2.1.2.2 Key industry insights 33
2.1.2.3 Breakdown of interviews with experts 33
2.2 MARKET SIZE ESTIMATION 34
2.2.1 BOTTOM-UP APPROACH 34
FIGURE 2 MARKET SIZE ESTIMATION – APPROACH 1 (SUPPLY-SIDE): COMBINED MARKET SHARE OF KEY PLAYERS 34
FIGURE 3 MARKET SIZE ESTIMATION – BOTTOM-UP (SUPPLY-SIDE): REVENUE FROM SALE OF PHASE CHANGE MATERIALS 35
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 – BOTTOM-UP (DEMAND-SIDE): PRODUCTS SOLD AND THEIR AVERAGE SELLING PRICE 35
2.2.2 TOP-DOWN APPROACH 36
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 – TOP-DOWN APPROACH 36
2.3 DATA TRIANGULATION 36
FIGURE 6 PHASE CHANGE MATERIALS MARKET: DATA TRIANGULATION 37
2.4 GROWTH RATE ASSUMPTIONS 38
2.4.1 SUPPLY SIDE 38
FIGURE 7 MARKET CAGR PROJECTIONS FROM SUPPLY SIDE 38
2.4.2 DEMAND SIDE 39
FIGURE 8 MARKET GROWTH PROJECTIONS FROM DEMAND SIDE: DRIVERS AND OPPORTUNITIES 39
2.5 FACTOR ANALYSIS 40
FIGURE 9 FACTORS IMPACTING GROWTH OF PHASE CHANGE MATERIALS MARKET 40
2.6 IMPACT OF RECESSION 40
2.7 ASSUMPTIONS 41
2.8 LIMITATIONS 41
2.9 RISK ASSESSMENT 41
TABLE 1 PHASE CHANGE MATERIALS MARKET: RISK ASSESSMENT 41
3 EXECUTIVE SUMMARY 42
FIGURE 10 COLD CHAIN & PACKAGING TO BE LARGEST APPLICATION OF PHASE CHANGE MATERIALS MARKET DURING FORECAST PERIOD 43
FIGURE 11 ORGANIC PHASE CHANGE MATERIALS TO DOMINATE PHASE CHANGE MATERIALS MARKET BETWEEN 2024 AND 2029 43
FIGURE 12 NORTH AMERICA ACCOUNTED FOR LARGEST SHARE IN 2023 44
4 PREMIUM INSIGHTS 45
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN PHASE CHANGE MATERIALS MARKET 45
FIGURE 13 GROWING DEMAND FROM COLD CHAIN & PACKAGING APPLICATION TO DRIVE PHASE CHANGE MATERIALS MARKET 45
4.2 PHASE CHANGE MATERIALS MARKET, BY APPLICATION 46
FIGURE 14 COLD CHAIN & PACKAGING TO BE LARGEST APPLICATION DURING FORECAST PERIOD 46
4.3 EUROPE: PHASE CHANGE MATERIALS MARKET, BY APPLICATION AND COUNTRY 46
FIGURE 15 GERMANY ACCOUNTED FOR LARGEST SHARE OF PHASE CHANGE MATERIALS MARKET IN 2023 46
4.4 PHASE CHANGE MATERIALS MARKET, BY APPLICATION VS. REGION 47
FIGURE 16 COLD CHAIN & PACKAGING TO BE DOMINANT APPLICATION GLOBALLY 47
4.5 PHASE CHANGE MATERIALS MARKET, BY REGION 47
FIGURE 17 EUROPE TO BE LARGEST MARKET FOR PHASE CHANGE MATERIALS DURING FORECAST PERIOD 47
4.6 PHASE CHANGE MATERIALS MARKET, BY KEY COUNTRY 48
FIGURE 18 US TO REGISTER HIGHEST CAGR IN PHASE CHANGE MATERIALS MARKET DURING FORECAST PERIOD 48
5 MARKET OVERVIEW 49
5.1 INTRODUCTION 49
5.2 MARKET DYNAMICS 49
FIGURE 19 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IN PHASE CHANGE MATERIALS MARKET 49
5.2.1 DRIVERS 50
5.2.1.1 Regulations for reduction of greenhouse gas emissions 50
TABLE 2 REGION-WISE ENVIRONMENTAL NORMS: REGULATIONS DRIVING GROWTH OF PHASE CHANGE MATERIALS MARKET 50
5.2.1.2 Use of phase change materials for temperature control and greater comfort 51
FIGURE 20 COMPARISON BETWEEN TEMPERATURES WITH AND WITHOUT USE OF PHASE CHANGE MATERIALS 51
5.2.1.3 Use of phase change materials for peak-load shifting 51
5.2.1.4 Reduction in operating cost for cold chain and packaging industry 51
5.2.2 RESTRAINTS 52
5.2.2.1 Lack of awareness of benefits of phase change materials 52
5.2.2.2 Flammability and corrosiveness restrict usage of phase change materials 52
5.2.2.3 Lack of government subsidies 53
5.2.3 OPPORTUNITIES 53
5.2.3.1 Rise in need for cold chain logistics 53
5.2.3.2 R&D initiatives for enhanced phase change material efficiency 53
TABLE 3 GLOBAL R&D INITIATIVES TO INCREASE EFFICIENCY OF PHASE CHANGE MATERIALS 53
5.2.3.3 Rising demand for consumer electronics 54
5.2.4 CHALLENGES 54
5.2.4.1 High cost of switching from conventional materials 54
5.3 PORTER’S FIVE FORCES ANALYSIS 55
FIGURE 21 PHASE CHANGE MATERIALS: PORTER’S FIVE FORCES ANALYSIS 55
5.3.1 THREAT OF NEW ENTRANTS 55
5.3.2 THREAT OF SUBSTITUTES 56
5.3.3 BARGAINING POWER OF SUPPLIERS 56
5.3.4 BARGAINING POWER OF BUYERS 56
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 56
TABLE 4 PHASE CHANGE MATERIALS: PORTER’S FIVE FORCES ANALYSIS 57
5.4 MACROECONOMIC INDICATORS 57
5.4.1 GDP TRENDS AND FORECAST OF MOST PROMINENT ECONOMIES 57
TABLE 5 GDP TRENDS AND FORECAST, BY MOST PROMINENT ECONOMIES, 2021–2029 (USD BILLION) 57
6 INDUSTRY TRENDS 58
6.1 SUPPLY CHAIN ANALYSIS 58
FIGURE 22 PHASE CHANGE MATERIALS: SUPPLY CHAIN ANALYSIS 58
6.1.1 RAW MATERIALS 58
6.1.2 MANUFACTURING 58
6.1.3 DISTRIBUTION NETWORK 59
6.1.4 APPLICATIONS 59
6.2 KEY STAKEHOLDERS AND BUYING CRITERIA 59
6.2.1 KEY STAKEHOLDERS IN BUYING PROCESS 59
FIGURE 23 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS IN TOP 3 APPLICATIONS 59
TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS IN TOP 3 APPLICATIONS (%) 60
6.2.2 BUYING CRITERIA 60
FIGURE 24 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS 60
TABLE 7 KEY BUYING CRITERIA FOR TOP 3 APPLICATIONS 61
6.3 PRICING ANALYSIS 61
6.3.1 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION 61
FIGURE 25 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION, 2023 61
TABLE 8 AVERAGE SELLING PRICE TREND OF KEY PLAYERS, BY APPLICATION (USD/KG), 2023 62
6.3.2 AVERAGE SELLING PRICE TREND, BY REGION 62
FIGURE 26 AVERAGE SELLING PRICE TREND, BY REGION (USD/KG) 62
TABLE 9 AVERAGE SELLING PRICE TREND OF PHASE CHANGE MATERIALS, BY REGION (USD/KG) 62
6.4 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 63
6.4.1 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR PHASE CHANGE MATERIALS 63
FIGURE 27 REVENUE SHIFT FOR PHASE CHANGE MATERIALS MARKET 63
6.5 ECOSYSTEM/MARKET MAP 64
FIGURE 28 PHASE CHANGE MATERIALS MARKET: ECOSYSTEM 64
TABLE 10 PHASE CHANGE MATERIALS MARKET: ECOSYSTEM 64
6.6 TECHNOLOGY ANALYSIS 66
6.6.1 KEY TECHNOLOGIES 66
6.6.1.1 Nano-enhanced phase change materials technology 66
6.6.2 COMPLIMENTARY TECHNOLOGIES 66
6.6.2.1 Active cooling-based battery thermal management using composite phase change materials 66
6.6.2.2 Nanoscale switching technology 66
6.7 CASE STUDY ANALYSIS 67
6.7.1 HEATVENTORS SERVER COOLING USING CRODATHERM 67
6.7.2 COLD CHAIN LOGISTICS 67
6.7.3 ENHANCING SMARTPHONE PERFORMANCE: LAIRD PLC’S PHASE CHANGE MATERIAL-BASED THERMAL MANAGEMENT SOLUTION 67
6.8 TRADE ANALYSIS 68
6.8.1 IMPORT SCENARIO 68
FIGURE 29 IMPORT OF PHASE CHANGE MATERIALS, BY KEY COUNTRY 68
TABLE 11 IMPORT OF PHASE CHANGE MATERIALS, BY REGION, 2017–2022 (USD MILLION) 68
6.8.2 EXPORT SCENARIO 68
FIGURE 30 EXPORT OF PHASE CHANGE MATERIALS, BY KEY COUNTRY 69
TABLE 12 EXPORT OF PHASE CHANGE MATERIALS, BY REGION, 2017–2022 (USD MILLION) 69
6.9 REGULATORY LANDSCAPE 69
TABLE 13 NORTH AMERICA: REGULATIONS RELATED TO PHASE CHANGE MATERIALS 70
TABLE 14 EUROPE: REGULATIONS RELATED TO PHASE CHANGE MATERIALS 70
TABLE 15 ASIA PACIFIC: REGULATIONS RELATED TO PHASE CHANGE MATERIALS 71
TABLE 16 SOUTH AMERICA: REGULATIONS RELATED TO PHASE CHANGE MATERIALS 71
TABLE 17 MIDDLE EAST & AFRICA: REGULATIONS RELATED TO PHASE CHANGE MATERIALS 71
6.9.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 72
TABLE 18 PHASE CHANGE MATERIALS: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 72
6.10 KEY CONFERENCES AND EVENTS IN 2024–2025 73
TABLE 19 PHASE CHANGE MATERIALS: KEY CONFERENCES AND EVENTS, 2024–2025 73
6.11 INVESTMENT AND FUNDING SCENARIO 73
TABLE 20 PHASE CHANGE MATERIALS: FUNDING/INVESTMENT 73
6.12 PATENT ANALYSIS 74
6.12.1 APPROACH 74
6.12.2 PATENT TYPES 74
TABLE 21 PHASE CHANGE MATERIALS MARKET: PATENT STATUS 74
FIGURE 31 PATENTS REGISTERED FOR PHASE CHANGE MATERIALS, 2013–2023 74
FIGURE 32 TOP PATENT OWNERS IN LAST 10 YEARS 75
TABLE 22 MAJOR PATENTS FOR PHASE CHANGE MATERIALS 76
6.12.3 TOP APPLICANTS 79
TABLE 23 PATENTS BY IBM 79
TABLE 24 PATENTS BY MICRON TECHNOLOGY INC. 79
TABLE 25 PATENTS BY HONEYWELL INTERNATIONAL INC. 80
TABLE 26 TOP 10 PATENT OWNERS IN US, 2013–2023 81
FIGURE 33 LEGAL STATUS OF PATENTS FILED FOR PHASE CHANGE MATERIALS 81
6.12.4 JURISDICTION ANALYSIS 82
FIGURE 34 MAXIMUM PATENTS FILED IN JURISDICTION OF US 82
7 PHASE CHANGE MATERIALS MARKET, BY TYPE 83
7.1 INTRODUCTION 84
FIGURE 35 ORGANIC PHASE CHANGE MATERIALS TO DOMINATE MARKET DURING FORECAST PERIOD 84
TABLE 27 COMPARATIVE ANALYSIS OF DIFFERENT TYPES OF PHASE CHANGE MATERIALS 84
TABLE 28 PHASE CHANGE MATERIAL TYPE, BY APPLICATION 85
TABLE 29 PHASE CHANGE MATERIALS MARKET, BY TYPE, 2017–2022 (TON) 86
TABLE 30 PHASE CHANGE MATERIALS MARKET, BY TYPE, 2023–2029 (TON) 86
TABLE 31 PHASE CHANGE MATERIALS MARKET, BY TYPE, 2017–2022 (USD THOUSAND) 86
TABLE 32 PHASE CHANGE MATERIALS MARKET, BY TYPE, 2023–2029 (USD THOUSAND) 87
7.2 ORGANIC 87
7.2.1 PARAFFIN AND BIO-BASED PHASE CHANGE MATERIALS TO DRIVE DEMAND 87
TABLE 33 LIST OF NON-PARAFFIN-BASED ORGANIC PHASE CHANGE MATERIALS WITH THEIR PROPERTIES 87
TABLE 34 LIST OF PARAFFIN-BASED ORGANIC PHASE CHANGE MATERIALS WITH THEIR PROPERTIES 88
7.2.2 PARAFFIN 88
7.2.3 BIO-BASED 89
TABLE 35 ORGANIC PHASE CHANGE MATERIALS MARKET, BY REGION, 2017–2022 (TON) 89
TABLE 36 ORGANIC PHASE CHANGE MATERIALS MARKET, BY REGION, 2023–2029 (TON) 89
TABLE 37 ORGANIC PHASE CHANGE MATERIALS MARKET, BY REGION, 2017–2022 (USD THOUSAND) 90
TABLE 38 ORGANIC PHASE CHANGE MATERIALS MARKET, BY REGION, 2023–2029 (USD THOUSAND) 90
7.3 INORGANIC 90
7.3.1 NON-FLAMMABLE PROPERTIES TO DRIVE DEMAND 90
TABLE 39 LIST OF INORGANIC PHASE CHANGE MATERIALS WITH THEIR PROPERTIES 91
TABLE 40 INORGANIC PHASE CHANGE MATERIALS MARKET, BY REGION, 2017–2022 (TON) 92
TABLE 41 INORGANIC PHASE CHANGE MATERIALS MARKET, BY REGION, 2023–2029 (TON) 92
TABLE 42 INORGANIC PHASE CHANGE MATERIALS MARKET, BY REGION, 2017–2022 (USD THOUSAND) 93
TABLE 43 INORGANIC PHASE CHANGE MATERIALS MARKET, BY REGION, 2023–2029 (USD THOUSAND) 93
7.4 EUTECTIC 93
7.4.1 NEED OF THERMAL ENERGY STORAGE TO DRIVE DEMAND DURING FORECAST PERIOD 93
TABLE 44 EUTECTIC PHASE CHANGE MATERIALS MARKET, BY REGION, 2017–2022 (TON) 94
TABLE 45 EUTECTIC PHASE CHANGE MATERIALS MARKET, BY REGION, 2023–2029 (TON) 94
TABLE 46 EUTECTIC PHASE CHANGE MATERIALS MARKET, BY REGION, 2017–2022 (USD THOUSAND) 94
TABLE 47 EUTECTIC PHASE CHANGE MATERIALS MARKET, BY REGION, 2023–2029 (USD THOUSAND) 95
8 PHASE CHANGE MATERIALS MARKET, BY APPLICATION 96
8.1 INTRODUCTION 97
FIGURE 36 COLD CHAIN & PACKAGING TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 97
TABLE 48 PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2017–2022 (TON) 98
TABLE 49 PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2023–2029 (TON) 98
TABLE 50 PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2017–2022 (USD THOUSAND) 99
TABLE 51 PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2023–2029 (USD THOUSAND) 99
8.2 BUILDING & CONSTRUCTION 99
8.2.1 NEED FOR TEMPERATURE STABILITY IN BUILDING & CONSTRUCTION TO DRIVE DEMAND 99
TABLE 52 BUILDING & CONSTRUCTION: PHASE CHANGE MATERIALS MARKET, BY REGION, 2017–2022 (TON) 100
TABLE 53 BUILDING & CONSTRUCTION: PHASE CHANGE MATERIALS MARKET, BY REGION, 2023–2029 (TON) 100
TABLE 54 BUILDING & CONSTRUCTION: PHASE CHANGE MATERIALS MARKET, BY REGION, 2017–2022 (USD THOUSAND) 100
TABLE 55 BUILDING & CONSTRUCTION: PHASE CHANGE MATERIALS MARKET, BY REGION, 2023–2029 (USD THOUSAND) 101
8.3 HVAC 101
8.3.1 FLUCTUATIONS IN CLIMATIC CONDITIONS TO DRIVE DEMAND 101
FIGURE 37 FUNCTION OF PHASE CHANGE MATERIAL IN REDUCING PEAK LOAD 101
TABLE 56 HVAC: PHASE CHANGE MATERIALS MARKET, BY REGION, 2017–2022 (TON) 102
TABLE 57 HVAC: PHASE CHANGE MATERIALS MARKET, BY REGION, 2023–2029 (TON) 102
TABLE 58 HVAC: PHASE CHANGE MATERIALS MARKET, BY REGION, 2017–2022 (USD THOUSAND) 102
TABLE 59 HVAC: PHASE CHANGE MATERIALS MARKET, BY REGION, 2023–2029 (USD THOUSAND) 103
8.4 COLD CHAIN & PACKAGING 103
8.4.1 TEMPERATURE-SENSITIVE GOODS TO DRIVE DEMAND 103
TABLE 60 COLD CHAIN & PACKAGING: PHASE CHANGE MATERIALS MARKET, BY REGION, 2017–2022 (TON) 103
TABLE 61 COLD CHAIN & PACKAGING: PHASE CHANGE MATERIALS MARKET, BY REGION, 2023–2029 (TON) 104
TABLE 62 COLD CHAIN & PACKAGING: PHASE CHANGE MATERIALS MARKET, BY REGION, 2017–2022 (USD THOUSAND) 104
TABLE 63 COLD CHAIN & PACKAGING: PHASE CHANGE MATERIALS MARKET, BY REGION, 2023–2029 (USD THOUSAND) 104
8.5 THERMAL ENERGY STORAGE 105
8.5.1 EXTENSIVE USE FOR STORING RENEWABLE ENERGY TO DRIVE MARKET 105
8.5.2 BOILER/POWER PLANT 105
8.5.3 SOLAR ENERGY STORAGE 105
TABLE 64 COMMERCIALLY AVAILABLE PHASE CHANGE MATERIALS FOR SOLAR ENERGY STORAGE 106
8.5.4 GEOTHERMAL ENERGY STORAGE 106
TABLE 65 THERMAL ENERGY STORAGE: PHASE CHANGE MATERIALS MARKET, BY REGION, 2017–2022 (TON) 106
TABLE 66 THERMAL ENERGY STORAGE: PHASE CHANGE MATERIALS MARKET, BY REGION, 2023–2029 (TON) 107
TABLE 67 THERMAL ENERGY STORAGE: PHASE CHANGE MATERIALS MARKET, BY REGION, 2017–2022 (USD THOUSAND) 107
TABLE 68 THERMAL ENERGY STORAGE: PHASE CHANGE MATERIALS MARKET, BY REGION, 2023–2029 (USD THOUSAND) 107
8.6 REFRIGERATION & EQUIPMENT 108
8.6.1 INCREASING USE OF CHILLERS, PASSIVE SHIPPERS, AND ACTIVE COMPRESSOR UNITS TO DRIVE THE DEMAND 108
8.6.2 FIXED REFRIGERATION 108
TABLE 69 REFRIGERATION & EQUIPMENT: PHASE CHANGE MATERIALS MARKET, BY REGION, 2017–2022 (TON) 108
TABLE 70 REFRIGERATION & EQUIPMENT: PHASE CHANGE MATERIALS MARKET, BY REGION, 2023–2029 (TON) 109
TABLE 71 REFRIGERATION & EQUIPMENT: PHASE CHANGE MATERIALS MARKET, BY REGION, 2017–2022 (USD THOUSAND) 109
TABLE 72 REFRIGERATION & EQUIPMENT: PHASE CHANGE MATERIALS MARKET, BY REGION, 2023–2029 (USD THOUSAND) 109
8.7 TEXTILES 110
8.7.1 GROWING APPLICATION IN TEXTILES DUE TO THERMO-PHYSICAL COMFORT TO DRIVE MARKET 110
8.7.2 INCORPORATION OF PHASE CHANGE MATERIALS IN TEXTILES 110
TABLE 73 TEXTILES: PHASE CHANGE MATERIALS MARKET, BY REGION, 2017–2022 (TON) 110
TABLE 74 TEXTILES: PHASE CHANGE MATERIALS MARKET, BY REGION, 2023–2029 (TON) 111
TABLE 75 TEXTILES: PHASE CHANGE MATERIALS MARKET, BY REGION, 2017–2022 (USD THOUSAND) 111
TABLE 76 TEXTILES: PHASE CHANGE MATERIALS MARKET, BY REGION, 2023–2029 (USD THOUSAND) 111
8.8 ELECTRONICS 112
8.8.1 USE IN THERMAL MANAGEMENT IN ELECTRONIC ITEMS TO DRIVE DEMAND 112
8.8.2 PHASE CHANGE MEMORY (PCRAM) 112
TABLE 77 COMPARATIVE ANALYSIS: DIFFERENT MEMORY TYPES 112
8.8.3 THERMAL INTERFACE MATERIAL (TIM) 112
TABLE 78 ELECTRONICS: PHASE CHANGE MATERIALS MARKET, BY REGION, 2017–2022 (TON) 113
TABLE 79 ELECTRONICS: PHASE CHANGE MATERIALS MARKET, BY REGION, 2023–2029 (TON) 113
TABLE 80 ELECTRONICS: PHASE CHANGE MATERIALS MARKET, BY REGION, 2017–2022 (USD THOUSAND) 113
TABLE 81 ELECTRONICS: PHASE CHANGE MATERIALS MARKET, BY REGION, 2023–2029 (USD THOUSAND) 114
8.9 OTHERS 114
8.9.1 AUTOMOTIVE 114
8.9.2 HEALTHCARE 114
8.9.3 TELECOMMUNICATION 115
TABLE 82 OTHER APPLICATIONS: PHASE CHANGE MATERIALS MARKET, BY REGION, 2017–2022 (TON) 115
TABLE 83 OTHER APPLICATIONS: PHASE CHANGE MATERIALS MARKET, BY REGION, 2023–2029 (TON) 115
TABLE 84 OTHER APPLICATION: PHASE CHANGE MATERIALS MARKET, BY REGION, 2017–2022 (USD THOUSAND) 116
TABLE 85 OTHER APPLICATION: PHASE CHANGE MATERIALS MARKET, BY REGION, 2023–2029 (USD THOUSAND) 116
9 PHASE CHANGE MATERIALS MARKET, BY REGION 117
9.1 INTRODUCTION 118
FIGURE 38 NORTH AMERICA TO BE FASTEST-GROWING PHASE CHANGE MATERIALS MARKET DURING FORECAST PERIOD 118
TABLE 86 PHASE CHANGE MATERIALS MARKET, BY REGION, 2017–2022 (TON) 118
TABLE 87 PHASE CHANGE MATERIALS MARKET, BY REGION, 2023–2029 (TON) 119
TABLE 88 PHASE CHANGE MATERIALS MARKET, BY REGION, 2017–2022 (USD THOUSAND) 119
TABLE 89 PHASE CHANGE MATERIALS MARKET, BY REGION, 2023–2029 (USD THOUSAND) 119
9.2 ASIA PACIFIC 120
FIGURE 39 ASIA PACIFIC: PHASE CHANGE MATERIALS MARKET SNAPSHOT 120
9.2.1 RECESSION IMPACT 121
9.2.2 ASIA PACIFIC PHASE CHANGE MATERIALS MARKET, BY TYPE 121
TABLE 90 ASIA PACIFIC: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2017–2022 (TON) 121
TABLE 91 ASIA PACIFIC: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2023–2029 (TON) 121
TABLE 92 ASIA PACIFIC: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2017–2022 (USD THOUSAND) 122
TABLE 93 ASIA PACIFIC: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2023–2029 (USD THOUSAND) 122
9.2.3 ASIA PACIFIC PHASE CHANGE MATERIALS MARKET, BY APPLICATION 122
TABLE 94 ASIA PACIFIC: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2017–2022 (TON) 122
TABLE 95 ASIA PACIFIC: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2023–2029 (TON) 123
TABLE 96 ASIA PACIFIC: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2017–2022 (USD THOUSAND) 123
TABLE 97 ASIA PACIFIC: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2023–2029 (USD THOUSAND) 124
9.2.4 ASIA PACIFIC PHASE CHANGE MATERIALS MARKET, BY COUNTRY 124
TABLE 98 ASIA PACIFIC: PHASE CHANGE MATERIALS MARKET, BY COUNTRY, 2017–2022 (TON) 124
TABLE 99 ASIA PACIFIC: PHASE CHANGE MATERIALS MARKET, BY COUNTRY, 2023–2029 (TON) 124
TABLE 100 ASIA PACIFIC: PHASE CHANGE MATERIALS MARKET, BY COUNTRY, 2017–2022 (USD THOUSAND) 125
TABLE 101 ASIA PACIFIC: PHASE CHANGE MATERIALS MARKET, BY COUNTRY, 2023–2029 (USD THOUSAND) 125
9.2.4.1 China 126
9.2.4.1.1 Emerging local manufacturers and distributors catering to growing international demand to drive market 126
TABLE 102 CHINA: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2017–2022 (TON) 126
TABLE 103 CHINA: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2023–2029 (TON) 126
TABLE 104 CHINA: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2017–2022 (USD THOUSAND) 127
TABLE 105 CHINA: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2023–2029 (USD THOUSAND) 127
TABLE 106 CHINA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2017–2022 (TON) 127
TABLE 107 CHINA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2023–2029 (TON) 128
TABLE 108 CHINA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2017–2022 (USD THOUSAND) 128
TABLE 109 CHINA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2023–2029 (USD THOUSAND) 129
9.2.4.2 India 129
9.2.4.2.1 Rising demand for renewable energy to drive market 129
TABLE 110 INDIA: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2017–2022 (TON) 129
TABLE 111 INDIA: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2023–2029 (TON) 130
TABLE 112 INDIA: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2017–2022 (USD THOUSAND) 130
TABLE 113 INDIA: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2023–2029 (USD THOUSAND) 130
TABLE 114 INDIA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2017–2022 (TON) 131
TABLE 115 INDIA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2023–2029 (TON) 131
TABLE 116 INDIA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2017–2022 (USD THOUSAND) 132
TABLE 117 INDIA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2023–2029 (USD THOUSAND) 132
9.2.4.3 Australia 132
9.2.4.3.1 Increase in renewable energy consumption and stringent building codes to drive demand for phase change materials 132
TABLE 118 AUSTRALIA: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2017–2022 (TON) 133
TABLE 119 AUSTRALIA: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2023–2029 (TON) 133
TABLE 120 AUSTRALIA: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2017–2022 (USD THOUSAND) 133
TABLE 121 AUSTRALIA: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2023–2029 (USD THOUSAND) 134
TABLE 122 AUSTRALIA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2017–2022 (TON) 134
TABLE 123 AUSTRALIA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2023–2029 (TON) 134
TABLE 124 AUSTRALIA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2017–2022 (USD THOUSAND) 135
TABLE 125 AUSTRALIA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2023–2029 (USD THOUSAND) 135
9.2.4.4 Singapore 136
9.2.4.4.1 Developed healthcare sector to drive demand for phase change materials 136
TABLE 126 SINGAPORE: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2017–2022 (TON) 136
TABLE 127 SINGAPORE: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2023–2029 (TON) 136
TABLE 128 SINGAPORE: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2017–2022 (USD THOUSAND) 137
TABLE 129 SINGAPORE: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2023–2029 (USD THOUSAND) 137
TABLE 130 SINGAPORE: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2017–2022 (TON) 137
TABLE 131 SINGAPORE: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2023–2029 (TON) 138
TABLE 132 SINGAPORE: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2017–2022 (USD THOUSAND) 138
TABLE 133 SINGAPORE: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2023–2029 (USD THOUSAND) 139
9.3 EUROPE 139
FIGURE 40 EUROPE: PHASE CHANGE MATERIALS MARKET SNAPSHOT 140
9.3.1 RECESSION IMPACT 140
9.3.2 EUROPE PHASE CHANGE MATERIALS MARKET, BY TYPE 141
TABLE 134 EUROPE: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2017–2022 (TON) 141
TABLE 135 EUROPE: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2023–2029 (TON) 141
TABLE 136 EUROPE: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2017–2022 (USD THOUSAND) 141
TABLE 137 EUROPE: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2023–2029 (USD THOUSAND) 142
9.3.3 EUROPE PHASE CHANGE MATERIALS MARKET, BY APPLICATION 142
TABLE 138 EUROPE: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2017–2022 (TON) 142
TABLE 139 EUROPE: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2023–2029 (TON) 142
TABLE 140 EUROPE: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2017–2022 (USD THOUSAND) 143
TABLE 141 EUROPE: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2023–2029 (USD THOUSAND) 143
9.3.4 EUROPE PHASE CHANGE MATERIALS MARKET, BY COUNTRY 144
TABLE 142 EUROPE: PHASE CHANGE MATERIALS MARKET, BY COUNTRY 2017–2022 (TON) 144
TABLE 143 EUROPE: PHASE CHANGE MATERIALS MARKET, BY COUNTRY 2023–2029 (TON) 144
TABLE 144 EUROPE: PHASE CHANGE MATERIALS MARKET, BY COUNTRY, 2017–2022 (USD THOUSAND) 144
TABLE 145 EUROPE: PHASE CHANGE MATERIALS MARKET, BY COUNTRY, 2023–2029 (USD THOUSAND) 145
9.3.4.1 Germany 145
9.3.4.1.1 Energy Conservation Ordinance to drive demand 145
TABLE 146 GERMANY: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2017–2022 (TON) 145
TABLE 147 GERMANY: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2023–2029 (TON) 146
TABLE 148 GERMANY: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2017–2022 (USD THOUSAND) 146
TABLE 149 GERMANY: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2023–2029 (USD THOUSAND) 146
TABLE 150 GERMANY: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2017–2022 (TON) 147
TABLE 151 GERMANY: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2023–2029 (TON) 147
TABLE 152 GERMANY: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2017–2022 (USD THOUSAND) 148
TABLE 153 GERMANY: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2023–2029 (USD THOUSAND) 148
9.3.4.2 UK 149
9.3.4.2.1 Cold temperature to drive phase change materials market 149
TABLE 154 UK: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2017–2022 (TON) 149
TABLE 155 UK: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2023–2029 (TON) 149
TABLE 156 UK: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2017–2022 (USD THOUSAND) 149
TABLE 157 UK: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2023–2029 (USD THOUSAND) 150
TABLE 158 UK: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2017–2022 (TON) 150
TABLE 159 UK: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2023–2029 (TON) 150
TABLE 160 UK: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2017–2022 (USD THOUSAND) 151
TABLE 161 UK: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2023–2029 (USD THOUSAND) 151
9.3.4.3 France 152
9.3.4.3.1 Mandatory Energy Efficiency Certificates to drive market 152
TABLE 162 FRANCE: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2017–2022 (TON) 152
TABLE 163 FRANCE: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2023–2029 (TON) 152
TABLE 164 FRANCE: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2017–2022 (USD THOUSAND) 153
TABLE 165 FRANCE: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2023–2029 (USD THOUSAND) 153
TABLE 166 FRANCE: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2017–2022 (TON) 153
TABLE 167 FRANCE: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2023–2029 (TON) 154
TABLE 168 FRANCE: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2017–2022 (USD THOUSAND) 154
TABLE 169 FRANCE: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2023–2029 (USD THOUSAND) 155
9.3.4.4 Netherlands 155
9.3.4.4.1 Stringent building codes to drive demand 155
TABLE 170 NETHERLANDS: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2017–2022 (TON) 155
TABLE 171 NETHERLANDS: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2023–2029 (TON) 155
TABLE 172 NETHERLANDS: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2017–2022 (USD THOUSAND) 156
TABLE 173 NETHERLANDS: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2023–2029 (USD THOUSAND) 156
TABLE 174 NETHERLANDS: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2017–2022 (TON) 156
TABLE 175 NETHERLANDS: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2023–2029 (TON) 157
TABLE 176 NETHERLANDS: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2017–2022 (USD THOUSAND) 157
TABLE 177 NETHERLANDS: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2023–2029 (USD THOUSAND) 158
9.4 NORTH AMERICA 158
FIGURE 41 NORTH AMERICA: PHASE CHANGE MATERIALS MARKET SNAPSHOT 159
9.4.1 RECESSION IMPACT 159
9.4.2 NORTH AMERICA PHASE CHANGE MATERIALS MARKET, BY TYPE 160
TABLE 178 NORTH AMERICA: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2017–2022 (TON) 160
TABLE 179 NORTH AMERICA: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2023–2029 (TON) 160
TABLE 180 NORTH AMERICA: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2017–2022 (USD THOUSAND) 160
TABLE 181 NORTH AMERICA: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2023–2029 (USD THOUSAND) 161
9.4.3 NORTH AMERICA PHASE CHANGE MATERIALS MARKET, BY APPLICATION 161
TABLE 182 NORTH AMERICA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2017–2022 (TON) 161
TABLE 183 NORTH AMERICA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2023–2029 (TON) 162
TABLE 184 NORTH AMERICA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2017–2022 (USD THOUSAND) 162
TABLE 185 NORTH AMERICA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2023–2029 (USD THOUSAND) 163
9.4.4 NORTH AMERICA PHASE CHANGE MATERIALS MARKET, BY COUNTRY 163
TABLE 186 NORTH AMERICA: PHASE CHANGE MATERIALS MARKET, BY COUNTRY, 2017–2022 (TON) 163
TABLE 187 NORTH AMERICA: PHASE CHANGE MATERIALS MARKET, BY COUNTRY, 2023–2029 (TON) 163
TABLE 188 NORTH AMERICA: PHASE CHANGE MATERIALS MARKET, BY COUNTRY, 2017–2022 (USD THOUSAND) 164
TABLE 189 NORTH AMERICA: PHASE CHANGE MATERIALS MARKET, BY COUNTRY, 2023–2029 (USD THOUSAND) 164
9.4.4.1 US 164
9.4.4.1.1 Presence of major manufacturers and rising awareness of benefits of phase change materials to drive demand 164
TABLE 190 US: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2017–2022 (TON) 164
TABLE 191 US: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2023–2029 (TON) 165
TABLE 192 US: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2017–2022 (USD THOUSAND) 165
TABLE 193 US: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2023–2029 (USD THOUSAND) 165
TABLE 194 US: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2017–2022 (TON) 166
TABLE 195 US: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2023–2029 (TON) 166
TABLE 196 US: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2017–2022 (USD THOUSAND) 167
TABLE 197 US: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2023–2029 (USD THOUSAND) 167
9.5 REST OF THE WORLD 168
9.5.1 IMPACT OF RECESSION 168
9.5.2 REST OF THE WORLD PHASE CHANGE MATERIALS MARKET, BY TYPE 169
TABLE 198 REST OF THE WORLD: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2017–2022 (TON) 169
TABLE 199 REST OF THE WORLD: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2023–2029 (TON) 169
TABLE 200 REST OF THE WORLD: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2017–2022 (USD THOUSAND) 169
TABLE 201 REST OF THE WORLD: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2023–2029 (USD THOUSAND) 170
9.5.3 REST OF THE WORLD PHASE CHANGE MATERIALS MARKET, BY APPLICATION 170
TABLE 202 REST OF THE WORLD: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2017–2022 (TON) 170
TABLE 203 REST OF THE WORLD: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2023–2029 (TON) 171
TABLE 204 REST OF THE WORLD: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2017–2022 (USD THOUSAND) 171
TABLE 205 REST OF THE WORLD: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2023–2029 (USD THOUSAND) 172
10 COMPETITIVE LANDSCAPE 173
10.1 INTRODUCTION 173
10.2 KEY PLAYER STRATEGIES/RIGHT TO WIN 173
TABLE 206 OVERVIEW OF STRATEGIES ADOPTED BY KEY MANUFACTURERS OF PHASE CHANGE MATERIALS 173
10.3 MARKET SHARE ANALYSIS 174
TABLE 207 PHASE CHANGE MATERIALS MARKET: DEGREE OF COMPETITION 175
FIGURE 42 HONEYWELL INTERNATIONAL INC. LED PHASE CHANGE MATERIALS MARKET IN 2023 175
10.3.1 RANKING OF KEY MARKET PLAYERS, 2023 177
FIGURE 43 RANKING OF KEY MARKET PLAYERS OF PHASE CHANGE MATERIALS, 2023 177
10.4 REVENUE ANALYSIS OF MAJOR PLAYERS (2019–2023) 177
FIGURE 44 REVENUE ANALYSIS OF KEY COMPANIES IN LAST 5 YEARS 177
10.5 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 178
10.5.1 STARS 178
10.5.2 EMERGING LEADERS 178
10.5.3 PERVASIVE PLAYERS 178
10.5.4 PARTICIPANTS 178
FIGURE 45 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 179
10.5.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 180
10.5.5.1 Company footprint 180
FIGURE 46 PHASE CHANGE MATERIALS MARKET: COMPANY FOOTPRINT 180
10.5.5.2 Region footprint 181
TABLE 208 PHASE CHANGE MATERIALS MARKET: REGION FOOTPRINT 181
10.5.5.3 Type footprint 182
TABLE 209 PHASE CHANGE MATERIALS MARKET: TYPE FOOTPRINT 182
10.5.5.4 Application footprint 183
TABLE 210 PHASE CHANGE MATERIALS MARKET: APPLICATION FOOTPRINT 183
10.6 COMPANY EVALUATION MATRIX: START-UP/SMES, 2023 184
10.6.1 PROGRESSIVE COMPANIES 184
10.6.2 RESPONSIVE COMPANIES 184
10.6.3 DYNAMIC COMPANIES 184
10.6.4 STARTING BLOCKS 185
FIGURE 47 COMPANY EVALUATION MATRIX: STARTUPS/SMES, 2023 185
10.6.5 COMPETITIVE BENCHMARKING: STARTUPS/SMES, 2023 186
10.6.5.1 Phase change materials market: key start-ups/SMEs 186
TABLE 211 PHASE CHANGE MATERIALS MARKET: KEY START-UPS/SMES 186
10.6.5.2 Phase change materials market: competitive benchmarking of key start-ups/SMEs 186
TABLE 212 PHASE CHANGE MATERIALS MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES 186
10.7 COMPANY VALUATION AND FINANCIAL METRICS 187
FIGURE 48 COMPANY VALUATION OF KEY PLAYERS 187
FIGURE 49 EV/EBITDA OF KEY PLAYERS 187
10.8 BRAND/PRODUCT COMPARISON ANALYSIS 188
10.9 COMPETITIVE SITUATIONS AND TRENDS 189
10.9.1 DEALS 189
TABLE 213 PHASE CHANGE MATERIALS MARKET: DEALS, JANUARY 2018–DECEMBER 2023 189
10.9.2 EXPANSIONS 190
TABLE 214 PHASE CHANGE MATERIALS MARKET: EXPANSIONS, JANUARY 2018– DECEMBER 2023 190
11 COMPANY PROFILES 191
(Business overview, Products/Solutions/Services offered, Recent developments & MnM View)*
11.1 KEY PLAYERS 191
11.1.1 HONEYWELL INTERNATIONAL INC. 191
TABLE 215 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW 191
FIGURE 50 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT 192
TABLE 216 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERINGS 192
11.1.2 DUPONT DE NEMOURS, INC. 194
TABLE 217 DUPONT DE NEMOURS, INC.: COMPANY OVERVIEW 194
FIGURE 51 DUPONT DE NEMOURS, INC.: COMPANY SNAPSHOT 195
TABLE 218 DUPONT DE NEMOURS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERING 195
TABLE 219 DUPONT DE NEMOURS, INC.: DEALS 196
11.1.3 CRODA INTERNATIONAL PLC. 198
TABLE 220 CRODA INTERNATIONAL PLC.: COMPANY OVERVIEW 198
FIGURE 52 CRODA INTERNATIONAL PLC.: COMPANY SNAPSHOT 199
TABLE 221 CRODA INTERNATIONAL PLC.: PRODUCTS/SOLUTIONS/SERVICES OFFERING 199
11.1.4 BOYD CORPORATION 201
TABLE 222 BOYD CORPORATION: COMPANY OVERVIEW 201
TABLE 223 BOYD CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERING 201
11.1.5 SASOL LIMITED 203
TABLE 224 SASOL LIMITED: COMPANY OVERVIEW 203
FIGURE 53 SASOL LIMITED: COMPANY SNAPSHOT 203
TABLE 225 SASOL LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERING 204
11.1.6 PURETEMP LLC 205
TABLE 226 PURETEMP LLC: COMPANY OVERVIEW 205
TABLE 227 PURETEMP LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERING 205
11.1.7 CLIMATOR SWEDEN AB 207
TABLE 228 CLIMATOR SWEDEN AB: COMPANY OVERVIEW 207
TABLE 229 CLIMATOR SWEDEN AB: PRODUCTS/SOLUTIONS/SERVICES OFFERING 207
11.1.8 RUBITHERM TECHNOLOGIES GMBH 209
TABLE 230 RUBITHERM TECHNOLOGIES GMBH: COMPANY OVERVIEW 209
TABLE 231 RUBITHERM TECHNOLOGIES GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERING 210
11.1.9 MICROTEK LABORATORIES INC. 211
TABLE 232 MICROTEK LABORATORIES INC.: COMPANY OVERVIEW 211
TABLE 233 MICROTEK LABORATORIES INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERING 212
11.1.10 PHASE CHANGE SOLUTIONS 213
TABLE 234 PHASE CHANGE SOLUTIONS: COMPANY OVERVIEW 213
TABLE 235 PHASE CHANGE SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERING 213
11.1.11 COLD CHAIN TECHNOLOGIES 214
TABLE 236 COLD CHAIN TECHNOLOGIES: COMPANY OVERVIEW 214
TABLE 237 COLD CHAIN TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERING 214
TABLE 238 COLD CHAIN TECHNOLOGIES: DEALS 215
TABLE 239 COLD CHAIN TECHNOLOGIES: EXPANSIONS 215
11.1.12 OUTLAST TECHNOLOGIES LLC 216
TABLE 240 OUTLAST TECHNOLOGIES LLC: COMPANY OVERVIEW 216
TABLE 241 OUTLAST TECHNOLOGIES LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERING 216
TABLE 242 OUTLAST TECHNOLOGIES LLC: PRODUCT LAUNCHES 216
11.1.13 PHASE CHANGE MATERIALS PRODUCTS LTD. 217
TABLE 243 PHASE CHANGE MATERIALS PRODUCTS LTD.: COMPANY OVERVIEW 217
TABLE 244 PHASE CHANGE MATERIALS PRODUCTS LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERING 217
*Details on Business overview, Products/Solutions/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.
11.2 START-UP/SMES PLAYERS 218
11.2.1 AI TECHNOLOGY INC. 218
TABLE 245 AI TECHNOLOGY INC.: BUSINESS OVERVIEW 218
11.2.2 BEYOND INDUSTRIES (CHINA) LIMITED 218
TABLE 246 BEYOND INDUSTRIES (CHINA) LIMITED: BUSINESS OVERVIEW 218
11.2.3 CIAT GROUP (CRISTOPIA ENERGY SYSTEMS) 219
TABLE 247 CIAT GROUP (CRISTOPIA ENERGY SYSTEMS): BUSINESS OVERVIEW 219
11.2.4 CRYOPAK INDUSTRIES INC. 219
TABLE 248 CRYOPAK INDUSTRIES INC.: BUSINESS OVERVIEW 219
11.2.5 DATUM PHASE CHANGE LIMITED 220
TABLE 249 DATUM PHASE CHANGE LIMITED: BUSINESS OVERVIEW 220
11.2.6 GLOBAL-E-SYSTEMS EUROPE BV 220
TABLE 250 GLOBAL-E-SYSTEMS EUROPE BV: BUSINESS OVERVIEW 220
11.2.7 INSOLCORP LLC 221
TABLE 251 INSOLCORP LLC: BUSINESS OVERVIEW 221
11.2.8 IOLITEC-IONIC LIQUIDS TECHNOLOGIES GMBH 221
TABLE 252 IOLITEC-IONIC LIQUIDS TECHNOLOGIES GMBH: BUSINESS OVERVIEW 221
11.2.9 KAPLAN ENERGY SAS 222
TABLE 253 KAPLAN ENERGY SAS: BUSINESS OVERVIEW 222
11.2.10 PARKER HANNIFIN CORP. 222
TABLE 254 PARKER HANNIFIN CORP.: BUSINESS OVERVIEW 222
11.2.11 MIKROCAPS 223
TABLE 255 MIKROCAPS: BUSINESS OVERVIEW 223
11.2.12 SHENZEN AOCHUAN TECHNOLOGY CO., LTD. 223
TABLE 256 SHENZEN AOUCHUAN TECHNOLOGY CO. LTD.: BUSINESS OVERVIEW 223
11.2.13 SHIN-ETSU CHEMICAL CO., LTD 224
TABLE 257 SHIN-ETSU CHEMICAL CO., LTD: BUSINESS OVERVIEW 224
11.2.14 TEAPPCM 224
TABLE 258 TEAPPCM: BUSINESS OVERVIEW 224
11.2.15 MILLIKEN & COMPANY 225
TABLE 259 MILLIKEN & COMPANY: BUSINESS OVERVIEW 225
11.2.16 PLUSS ADVANCED TECHNOLOGIES PVT. LTD. 225
TABLE 260 PLUSS ADVANCED TECHNOLOGIES PVT. LTD.: BUSINESS OVERVIEW 225
12 ADJACENT & RELATED MARKETS 226
12.1 INTRODUCTION 226
12.2 LIMITATION 226
12.3 THERMAL ENERGY STORAGE MARKET 226
12.3.1 MARKET DEFINITION 226
12.3.2 MARKET OVERVIEW 227
12.4 THERMAL ENERGY STORAGE MARKET, BY REGION 227
TABLE 261 THERMAL ENERGY STORAGE MARKET, BY REGION, 2018–2025 (MWH) 227
TABLE 262 THERMAL ENERGY STORAGE MARKET, BY REGION, 2018–2025 (USD THOUSAND) 227
12.4.1 EUROPE 228
TABLE 263 EUROPE: THERMAL ENERGY STORAGE MARKET, BY COUNTRY, 2018–2025 (USD THOUSAND) 228
12.4.2 AMERICAS 228
TABLE 264 AMERICAS: THERMAL ENERGY STORAGE MARKET, BY COUNTRY, 2018–2025 (USD THOUSAND) 228
12.4.3 MIDDLE EAST & AFRICA 229
TABLE 265 MIDDLE EAST & AFRICA: THERMAL ENERGY STORAGE MARKET, BY COUNTRY, 2018–2025 (USD THOUSAND) 229
12.4.4 ASIA PACIFIC 229
TABLE 266 ASIA PACIFIC: THERMAL ENERGY STORAGE MARKET, BY COUNTRY, 2018–2025 (USD THOUSAND) 229
13 APPENDIX 230
13.1 DISCUSSION GUIDE 230
13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 232
13.3 CUSTOMIZATION OPTIONS 234
13.4 RELATED REPORTS 234
13.5 AUTHOR DETAILS 235
