Advanced Phase Change Material Market
Advanced Phase Change Material Market Study by Organic, Inorganic, and Bio-based for Building & Construction, Textile & Protective Clothing, and Others from 2024 to 2034
Analysis of Advanced Phase Change Material Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Advanced Phase Change Material Market Outlook (2024 to 2034)
Worldwide revenue from the sales of advanced phase change materials (PCM) is forecasted to reach US$ 3.78 billion in 2024, as revealed in a new industry analysis published by Fact.MR. The global advanced phase change material market is projected to advance at a CAGR of 14.8% and climb to a value of US$ 15.04 billion by 2034.
Imposition of stringent regulations is leading to increased focus on energy-effective construction activities in several industries. There is a rising emphasis on sustainable development and energy conservation, which is creating prospects for manufacturers of advanced phase change materials. A surging requirement for effective thermal insulation materials in HVAC and commercial refrigeration applications is contributing to the increasing sales of advanced phase change materials.
Increasing number of government incentives and support from regulatory bodies for energy-saving programs are driving demand for advanced PCMs. Growing popularity of green building initiatives along with smart grid technologies is resulting in increased use of advanced phase change materials. The widespread use of advanced PCMs in several sectors is due to their exceptional capabilities of thermal energy storage. They find application in the construction industry for interior thermal comfort and improving energy efficiency by maintaining indoor temperatures.
In the automotive industry, PCMs are used for the management of battery health in electric cars, which further helps in increased battery life and performance. Rising use of these materials in the textile industry helps in regulating temperature and provides packaging services for protecting items with temperature sensitivity.
- Sales of advanced phase change materials in Canada are projected to rise at 15.3% CAGR through 2034.
- Demand for advanced PCMs in Japan is forecasted to increase at a CAGR of 14.4% from 2024 to 2034.
- North America is analyzed to account for 29.1% of the global advanced phase change material market share by the end of 2034.
| Report Attribute | Detail |
|---|---|
| Advanced Phase Change Material Market Size (2024E) | US$ 3.78 Billion |
| Forecasted Market Value (2034F) | US$ 15.04 Billion |
| Global Market Growth Rate (2024 to 2034) | 14.8% CAGR |
| South Korea Market Growth Rate (2024 to 2034) | 18.3% CAGR |
| East Asia Market Share (2034F) | 38.4% |
| Market Share of Inorganic Materials (2034F) | 47.5% |
| Key Companies Profiled | Sasol Germany GmbH; BASF SE; Climator Sweden AB; SGL Group; Phase Change Material Products Limited; Cryopak; Honeywell International Inc.; Salca BV; Outlast Technologies LLC; Axiotherm GmbH; PCM Technology; Entropy Solutions; Croda International Plc; PureTemp LLC; Microtek Laboratories, Inc.; Rubitherm Technologies GmbH; Phase Change Product Pvt. Ltd. |
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Why is the Market for Advanced PCMs Growing at a High Rate?
“Accelerating Demand for Highly Efficient Thermal Insulation Materials in Construction Sector”
There is a noteworthy increase in the demand for advanced phase change materials in the building and construction industry. These advanced materials are playing a vital role in the construction industry while ensuring a green and clean future and saving energy. Implementation of stringent regulations for using energy-efficient construction practices, especially across developed regions is stimulating demand for advanced and highly efficient phase change materials.
Growing focus on green construction along with a rising emphasis on energy conservation is amplifying demand for innovative and efficient construction materials. These advanced construction materials are utilized in several applications, such as PCM-filled glass windows, underfloor electric heating systems, and thermal-efficient concrete. Thereby, an expanding building and construction industry is positively impacting advanced phase change material market trends.
“Flourishing Packaging Industry Creating Growth Prospects for Market Players”
Temperature-controlled packaging is playing a vital role in several industries, such as pharmaceuticals, food & beverages, bio-medical, and others. Industrialization is generating requirements for effective cold storage and transportation facilities. Increasing demand for effective temperature-controlling materials is driving sales of advanced phase change materials.
There is an increase in the adoption of more effective distribution practices while ensuring their efficiency against harsh conditions, which are otherwise hampering product quality while shipping. Bio-medical products and pharmaceuticals need to retain their temperature while transportation, which is ultimately generating a need for more sophisticated temperature controlled packaging techniques. Ambiguities in supply chain systems are stimulating demand for packaging methods with temperature control features and more sophistication, subsequently pushing sales of advanced phase change materials.
What is Possibly Denting Advanced Phase Change Material Market Growth?
“Higher Initial Investment Restraining Use of Advanced PCMs”
One of the key barriers against the higher possible adoption of advanced phase change materials is the requirement for higher initial investment in comparison to typical insulating materials. The cost includes the prices of PCM material and installation and integration fees, thereby discouraging cost-sensitive enterprises from allocating funds to PCM solutions, especially in areas with issues related to higher upfront costs.
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How are New Companies Making a Mark for Themselves?
“Technological Advancements in Material Science to Increase Appeal of Advanced PCMs”
Continuous advancements are taking place in material engineering and science, which are resulting in the production of more effective and adaptable advanced PCMs. Hybrid materials and nano-enhanced PCMs are contributing to improved stability, scalability, and conductivity, thereby broadening their application scope. Startups should leverage opportunities created with advancements taking place in PCMs, thereby increasing their appeal to organizations looking for dependable thermal management services.
Country-wise Insights
East Asia is forecasted to possess a share of 38.4% of global market revenue by 2034-end, as reported in the updated study by Fact.MR, a market research and competitive intelligence provider. Governments in several regional countries, such as China, Japan, and South Korea are taking a proactive approach to mitigating climate change. Stringent regulations and ambitious goals for carbon reduction are promoting energy effectiveness, thereby accelerating the demand for advanced phase change materials.
Which Influential Trends are Transforming the Prospects of Market Players in the United States?
“High Demand for Advanced PCMs from Undergoing Residential Projects”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 775.8 Million |
| Growth Rate (2024 to 2034) | 15.3% CAGR |
| Projected Value (2034F) | US$ 3.22 Billion |
The United States is analyzed to contribute 73.5% share of North America by 2034-end. As per the data provided in the recently published report by the United States Department of Housing and Urban Development and the United States Census Bureau, there is a noteworthy increase in the count of residential projects. Green construction is one of the prominent trends observed in the country, which is generating demand for advanced phase change materials for their features of energy conservation.
What is Responsible for the Expanding Advanced Phase Change Material Market Size in China?
“Drastic Climatic Changes Stimulating Demand for Advanced Phase Change Materials in Cooling Machines”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 799.5 Million |
| Growth Rate (2024 to 2034) | 15.3% CAGR |
| Projected Value (2034F) | US$ 3.31 Billion |
China is projected to occupy a share of 57.3% of East Asia by the end of the assessment period in 2034. Constant climate changes are leading to increased heat during summers in the country, which is further contributing to the rising demand for cooling machines, such as air conditioners. These factors are driving demand for advanced phase change materials for storing heat for air conditioning and load reduction, such as buffer storage used for solar-based applications.
Which Factors are Advanced PCM Manufacturers Focusing on in Japan?
“Sustainability and Energy Efficiency Trends Stimulating Demand for Advanced PCMs”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 432.2 Million |
| Growth Rate (2024 to 2034) | 14.4% CAGR |
| Projected Value (2034F) | US$ 1.66 Billion |
Japan is approximated to account for 28.8% share of the East Asian market by 2034. Growing environmental concerns along with a desire to minimize carbon footprints is helping in the rising use of energy-effective technology, such as advanced PCMs for satisfying sustainability goals and environmental requirements. Initiatives and legislations supporting energy saving along with the rising utilization of green building materials are contributing to increased sales of advanced PCMs.
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Category-wise Insights
As stated in the study by Fact.MR, the building & construction industry is holding a noteworthy share in the global demand for advanced PCMs with their use in enhancing energy conservation. Moreover, they also assist in reducing energy consumption to promote long-term sustainability and energy efficiency. These materials are consumed in building systems, such as windows, walls, ceilings, or floors is an efficient approach for decreasing the energy consumption of buildings for cooling and heating.
Which Product Generates High Revenue in This Business Space?
“Huge Demand for Inorganic Advanced PCMs as Sustainable Solution”
| Attribute | Inorganic PCMs |
|---|---|
| Segment Value (2024E) | US$ 2.17 Billion |
| Growth Rate (2024 to 2034) | 12.9% CAGR |
| Projected Value (2034F) | US$ 7.14 Billion |
Inorganic advanced phase change materials are evaluated to hold 47.5% share of the global market by 2034-end. The rising demand for inorganic advanced PCMs is due to their higher thermal stability and conductivity, thereby making them more suitable for several applications in the automotive, energy storage, construction, and aerospace industries. Surging emphasis on waste heat recovery and thermal management in several sectors is increasing demand for inorganic PCMs as environmentally sustainable solutions. Moreover, several market players are investing highly in R&D activities to enhance the performance of advanced PCMs.
Why are Nano-encapsulated Advanced PCMs Highly Preferred?
“Cost-effectiveness of Nano-encapsulated PCMs”
Worldwide demand for non-encapsulated PCMs is favored because of their cost-effectiveness and easy operation, thereby allowing easy integration into existing products and systems. As an effective solution, these compounds are used in building materials, construction, and thermal regulation. Moreover, the rising focus on tailored PCM formulations and customized solutions for matching specific requirements is opening new doors for market players.
Competitive Landscape
Some of the key players in the advanced phase change material market are incorporating organic growth strategies, such as product launches to sustain the global market. They are investing significantly in establishing new outlets or facilities to increase their production capacities, thereby matching the requirements of end users.
For instance :
- Cryopak is one of the prominent manufacturers of products to match temperature-sensitive shipping requirements, such as gel packs, temperature monitoring devices, phase change materials, and insulated shipping containers. In May 2022, the company announced the start of a new facility in Atlanta to cater to the requirements of its consumers in the Southeast.
Fact.MR provides detailed information about the price points of leading manufacturers of advanced phase change materials positioned across the world, sales growth, production capacity, and speculative technological expansion, in this new market report.
Segmentation of Advanced PCM Market Research
-
By Product :
- Organic
- Paraffin-based
- Fatty Acid-based
- Inorganic
- Bio-based
- Organic
-
By Encapsulation & Packaging Method :
- Nano-encapsulation
- Micro-encapsulation
- Macro-encapsulation
-
By Application :
- Building & Construction
- Textile & Protective Clothing
- Commercial Refrigeration
- Electronics
- Heating, Ventilation, & Air Conditioning (HVAC)
- Shipping & Transportation
- Energy Storage
-
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- MEA
Table of Content
- 1. Executive Summary
- 2. Industry Introduction, including Taxonomy and Market Definition
- 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
- 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections
- 5. Pricing Analysis
- 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034
- 6.1. Encapsulation & Packaging Method
- 6.2. Product
- 6.3. Application
- 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Encapsulation & Packaging Method
- 7.1. Nano-encapsulation
- 7.2. Micro-encapsulation
- 7.3. Macro-encapsulation
- 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product
- 8.1. Organic
- 8.2. Inorganic
- 8.3. Bio-based
- 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Application
- 9.1. Building & Construction
- 9.2. Textiles & Protective Clothing
- 9.3. Commercial Refrigeration
- 9.4. Electronics
- 9.5. Heating, Ventilation, & Air Conditioning (HVAC)
- 9.6. Shipping & Transportation
- 9.7. Energy Storage
- 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region
- 10.1. North America
- 10.2. Latin America
- 10.3. Western Europe
- 10.4. Eastern Europe
- 10.5. East Asia
- 10.6. South Asia & Pacific
- 10.7. Middle East & Africa
- 11. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 12. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 13. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 14. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 15. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 16. South Asia & Pacific Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 17. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries
- 18. Sales Forecast 2024 to 2034 by Encapsulation & Packaging Method, Product, Application, and Region for 30 Countries
- 19. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
- 20. Company Profile
- 20.1. Sasol Germany GmbH
- 20.2. BASF SE
- 20.3. Climator Sweden AB
- 20.4. SGL Group
- 20.5. Phase Change Material Products Limited
- 20.6. Cryopak
- 20.7. Honeywell International Inc.
- 20.8. Salca BV
- 20.9. Outlast Technologies LLC
- 20.10. Axiotherm GmbH
- 20.11. PCM Application
- 20.12. Entropy Solutions
- 20.13. Croda International Plc
- 20.14. PureTemp LLC
- 20.15. Microtek Laboratories, Inc.
- 20.16. Rubitherm Technologies GmbH
- 20.17. Phase Change Product Pvt. Ltd.
- 21. Assumptions and Acronyms Encapsulation & Packaging Methodd
- 22. Research Methodology
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List Of Table
Table 01: Global Market Value (US$ Mn) Analysis, by Encapsulation & Packaging Method, 2019 to 2023
Table 02: Global Market Value (US$ Mn) Analysis, by Encapsulation & Packaging Method, 2024 to 2034
Table 03: Global Market Value (US$ Mn) Opportunity Analysis, by Encapsulation & Packaging Method, 2024 to 2034
Table 04: Global Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 05: Global Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 06: Global Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 07: Global Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 08: Global Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 09: Global Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 10: Global Market Value (US$ Mn) Analysis, by Region, 2019 to 2023
Table 11: Global Market Value (US$ Mn) Analysis, by Region, 2024 to 2034
Table 12: Global Market Value (US$ Mn) Opportunity Analysis, by Region, 2024 to 2034
Table 13: North America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 14: North America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 15: North America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 16: North America Market Value (US$ Mn) Analysis, by Encapsulation & Packaging Method, 2019 to 2023
Table 17: North America Market Value (US$ Mn) Analysis, by Encapsulation & Packaging Method, 2024 to 2034
Table 18: North America Market Value (US$ Mn) Opportunity Analysis, by Encapsulation & Packaging Method, 2024 to 2034
Table 19: North America Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 20: North America Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 21: North America Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 22: North America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 23: North America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 24: North America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 25: Latin America Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 26: Latin America Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 27: Latin America Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 28: Latin America Market Value (US$ Mn) Analysis, by Encapsulation & Packaging Method, 2019 to 2023
Table 29: Latin America Market Value (US$ Mn) Analysis, by Encapsulation & Packaging Method, 2024 to 2034
Table 30: Latin America Market Value (US$ Mn) Opportunity Analysis, by Encapsulation & Packaging Method, 2024 to 2034
Table 31: Latin America Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 32: Latin America Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 33: Latin America Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 34: Latin America Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 35: Latin America Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 36: Latin America Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 37: Western Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 38: Western Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 39: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 40: Western Europe Market Value (US$ Mn) Analysis, by Encapsulation & Packaging Method, 2019 to 2023
Table 41: Western Europe Market Value (US$ Mn) Analysis, by Encapsulation & Packaging Method, 2024 to 2034
Table 42: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Encapsulation & Packaging Method, 2024 to 2034
Table 43: Western Europe Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 44: Western Europe Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 45: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 46: Western Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 47: Western Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 48: Western Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 49: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 50: Eastern Europe Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 51: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 52: Eastern Europe Market Value (US$ Mn) Analysis, by Encapsulation & Packaging Method, 2019 to 2023
Table 53: Eastern Europe Market Value (US$ Mn) Analysis, by Encapsulation & Packaging Method, 2024 to 2034
Table 54: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Encapsulation & Packaging Method, 2024 to 2034
Table 55: Eastern Europe Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 56: Eastern Europe Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 57: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 58: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 59: Eastern Europe Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 60: Eastern Europe Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 61: East Asia Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 62: East Asia Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 63: East Asia Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 64: East Asia Market Value (US$ Mn) Analysis, by Encapsulation & Packaging Method, 2019 to 2023
Table 65: East Asia Market Value (US$ Mn) Analysis, by Encapsulation & Packaging Method, 2024 to 2034
Table 66: East Asia Market Value (US$ Mn) Opportunity Analysis, by Encapsulation & Packaging Method, 2024 to 2034
Table 67: East Asia Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 68: East Asia Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 69: East Asia Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 70: East Asia Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 71: East Asia Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 72: East Asia Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 73: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 74: South Asia & Pacific Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 75: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 76: South Asia & Pacific Market Value (US$ Mn) Analysis, by Encapsulation & Packaging Method, 2019 to 2023
Table 77: South Asia & Pacific Market Value (US$ Mn) Analysis, by Encapsulation & Packaging Method, 2024 to 2034
Table 78: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Encapsulation & Packaging Method, 2024 to 2034
Table 79: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 80: South Asia & Pacific Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 81: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 82: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 83: South Asia & Pacific Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 84: South Asia & Pacific Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
Table 85: MEA Market Value (US$ Mn) Analysis, by Country, 2019 to 2023
Table 86: MEA Market Value (US$ Mn) Analysis, by Country, 2024 to 2034
Table 87: MEA Market Value (US$ Mn) Opportunity Analysis, by Country, 2024 to 2034
Table 88: MEA Market Value (US$ Mn) Analysis, by Encapsulation & Packaging Method, 2019 to 2023
Table 89: MEA Market Value (US$ Mn) Analysis, by Encapsulation & Packaging Method, 2024 to 2034
Table 90: MEA Market Value (US$ Mn) Opportunity Analysis, by Encapsulation & Packaging Method, 2024 to 2034
Table 91: MEA Market Value (US$ Mn) Analysis, by Product, 2019 to 2023
Table 92: MEA Market Value (US$ Mn) Analysis, by Product, 2024 to 2034
Table 93: MEA Market Value (US$ Mn) Opportunity Analysis, by Product, 2024 to 2034
Table 94: MEA Market Value (US$ Mn) Analysis, by Application, 2019 to 2023
Table 95: MEA Market Value (US$ Mn) Analysis, by Application, 2024 to 2034
Table 96: MEA Market Value (US$ Mn) Opportunity Analysis, by Application, 2024 to 2034
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List Of Figures
Figure 01: Global Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 02: Global Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 03: Global Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 04: Global Market Incremental $ Opportunity, 2024 to 2034
Figure 05: Global Market Share and BPS Analysis by Encapsulation & Packaging Method, 2024 & 2034
Figure 06: Global Market Y-o-Y Growth Projections by Encapsulation & Packaging Method, 2024 to 2034
Figure 07: Global Market Attractiveness Analysis by Encapsulation & Packaging Method, 2024 to 2034
Figure 08: Global Market Share and BPS Analysis by Product, 2024 & 2034
Figure 09: Global Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 10: Global Market Attractiveness Analysis by Product, 2024 to 2034
Figure 11: Global Market Share and BPS Analysis by Application, 2024 & 2034
Figure 12: Global Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 13: Global Market Attractiveness Analysis by Application, 2024 to 2034
Figure 14: Global Market Share and BPS Analysis by Region, 2024 & 2034
Figure 15: Global Market Y-o-Y Growth Projections by Region, 2024 to 2034
Figure 16: Global Market Attractiveness Analysis by Region, 2024 to 2034
Figure 17: North America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 18: North America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 19: North America Market Value Y-o-Y Growth and Forecast, 2034
Figure 20: North America Market Incremental $ Opportunity, 2024 to 2034
Figure 21: North America Market Share Analysis by Country, 2024 & 2034
Figure 22: North America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 23: North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 24: North America Market Share and BPS Analysis by Encapsulation & Packaging Method, 2024 & 2034
Figure 25: North America Market Y-o-Y Growth Projections by Encapsulation & Packaging Method, 2024 to 2034
Figure 26: North America Market Attractiveness Analysis by Encapsulation & Packaging Method, 2024 to 2034
Figure 27: North America Market Share and BPS Analysis by Product, 2024 & 2034
Figure 28: North America Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 29: North America Market Attractiveness Analysis by Product, 2024 to 2034
Figure 30: North America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 31: North America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 32: North America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 33: Latin America Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 34: Latin America Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 35: Latin America Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 36: Latin America Market Incremental $ Opportunity, 2024 to 2034
Figure 37: Latin America Market Share Analysis by Country, 2024 & 2034
Figure 38: Latin America Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 39: Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 40: Latin America Market Share and BPS Analysis by Encapsulation & Packaging Method, 2024 & 2034
Figure 41: Latin America Market Y-o-Y Growth Projections by Encapsulation & Packaging Method, 2024 to 2034
Figure 42: Latin America Market Attractiveness Analysis by Encapsulation & Packaging Method, 2024 to 2034
Figure 43: Latin America Market Share and BPS Analysis by Product, 2024 & 2034
Figure 44: Latin America Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 45: Latin America Market Attractiveness Analysis by Product, 2024 to 2034
Figure 46: Latin America Market Share and BPS Analysis by Application, 2024 & 2034
Figure 47: Latin America Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 48: Latin America Market Attractiveness Analysis by Application, 2024 to 2034
Figure 49: Western Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 50: Western Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 51: Western Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 52: Western Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 53: Western Europe Market Share Analysis by Country, 2024 & 2034
Figure 54: Western Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 55: Western Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 56: Western Europe Market Share and BPS Analysis by Encapsulation & Packaging Method, 2024 & 2034
Figure 57: Western Europe Market Y-o-Y Growth Projections by Encapsulation & Packaging Method, 2024 to 2034
Figure 58: Western Europe Market Attractiveness Analysis by Encapsulation & Packaging Method, 2024 to 2034
Figure 59: Western Europe Market Share and BPS Analysis by Product, 2024 & 2034
Figure 60: Western Europe Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 61: Western Europe Market Attractiveness Analysis by Product, 2024 to 2034
Figure 62: Western Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 63: Western Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 64: Western Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 66: Eastern Europe Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 67: Eastern Europe Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 68: Eastern Europe Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 69: Eastern Europe Market Incremental $ Opportunity, 2024 to 2034
Figure 70: Eastern Europe Market Share Analysis by Country, 2024 & 2034
Figure 71: Eastern Europe Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 72: Eastern Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73: Eastern Europe Market Share and BPS Analysis by Encapsulation & Packaging Method, 2024 & 2034
Figure 74: Eastern Europe Market Y-o-Y Growth Projections by Encapsulation & Packaging Method, 2024 to 2034
Figure 75: Eastern Europe Market Attractiveness Analysis by Encapsulation & Packaging Method, 2024 to 2034
Figure 76: Eastern Europe Market Share and BPS Analysis by Product, 2024 & 2034
Figure 77: Eastern Europe Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 78: Eastern Europe Market Attractiveness Analysis by Product, 2024 to 2034
Figure 79: Eastern Europe Market Share and BPS Analysis by Application, 2024 & 2034
Figure 80: Eastern Europe Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 81: Eastern Europe Market Attractiveness Analysis by Application, 2024 to 2034
Figure 82: East Asia Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 83: East Asia Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 84: East Asia Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 85: East Asia Market Incremental $ Opportunity, 2024 to 2034
Figure 86: East Asia Market Share Analysis by Country, 2024 & 2034
Figure 87: East Asia Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 88: East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 89: East Asia Market Share and BPS Analysis by Encapsulation & Packaging Method, 2024 & 2034
Figure 90: East Asia Market Y-o-Y Growth Projections by Encapsulation & Packaging Method, 2024 to 2034
Figure 91: East Asia Market Attractiveness Analysis by Encapsulation & Packaging Method, 2024 to 2034
Figure 92: East Asia Market Share and BPS Analysis by Product, 2024 & 2034
Figure 93: East Asia Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 94: East Asia Market Attractiveness Analysis by Product, 2024 to 2034
Figure 95: East Asia Market Share and BPS Analysis by Application, 2024 & 2034
Figure 96: East Asia Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 97: East Asia Market Attractiveness Analysis by Application, 2024 to 2034
Figure 98: South Asia & Pacific Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 99: South Asia & Pacific Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 100: South Asia & Pacific Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 101: South Asia & Pacific Market Incremental $ Opportunity, 2024 to 2034
Figure 102: South Asia & Pacific Market Share Analysis by Country, 2024 & 2034
Figure 103: South Asia & Pacific Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 104: South Asia & Pacific Market Attractiveness Analysis by Country, 2024 to 2034
Figure 105: South Asia & Pacific Market Share and BPS Analysis by Encapsulation & Packaging Method, 2024 & 2034
Figure 106: South Asia & Pacific Market Y-o-Y Growth Projections by Encapsulation & Packaging Method, 2024 to 2034
Figure 107: South Asia & Pacific Market Attractiveness Analysis by Encapsulation & Packaging Method, 2024 to 2034
Figure 108: South Asia & Pacific Market Share and BPS Analysis by Product, 2024 & 2034
Figure 109: South Asia & Pacific Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 110: South Asia & Pacific Market Attractiveness Analysis by Product, 2024 to 2034
Figure 111: South Asia & Pacific Market Share and BPS Analysis by Application, 2024 & 2034
Figure 112: South Asia & Pacific Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 113: South Asia & Pacific Market Attractiveness Analysis by Application, 2024 to 2034
Figure 114: MEA Market Value (US$ Mn) Historical Analysis, 2019 to 2023
Figure 115: MEA Market Value (US$ Mn) Forecast and Analysis, 2024 to 2034
Figure 116: MEA Market Value Y-o-Y Growth and Forecast, 2019 to 2034
Figure 117: MEA Market Incremental $ Opportunity, 2024 to 2034
Figure 118: MEA Market Share Analysis by Country, 2024 & 2034
Figure 119: MEA Market Y-o-Y Growth Projection by Country, 2024 to 2034
Figure 120: MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 121: MEA Market Share and BPS Analysis by Encapsulation & Packaging Method, 2024 & 2034
Figure 122: MEA Market Y-o-Y Growth Projections by Encapsulation & Packaging Method, 2024 to 2034
Figure 123: MEA Market Attractiveness Analysis by Encapsulation & Packaging Method, 2024 to 2034
Figure 124: MEA Market Share and BPS Analysis by Product, 2024 & 2034
Figure 125: MEA Market Y-o-Y Growth Projections by Product, 2024 to 2034
Figure 126: MEA Market Attractiveness Analysis by Product, 2024 to 2034
Figure 127: MEA Market Share and BPS Analysis by Application, 2024 & 2034
Figure 128: MEA Market Y-o-Y Growth Projections by Application, 2024 to 2034
Figure 129: MEA Market Attractiveness Analysis by Application, 2024 to 2034
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- FAQs -
How big is the advanced phase change material market in 2024?
The global advanced phase change material market is valued at US$ 3.78 billion in 2024.
What are the sales projections for advanced PCMs by 2034?
Worldwide sales of advanced PCMs are evaluated to reach US$ 15.04 billion by 2034-end.
At what rate is the global market projected to expand?
The global market is forecasted to expand at a CAGR of 14.8% from 2024 to 2034.
What is the contribution of East Asia to global market revenue?
East Asia is expected to account for 38.4% share of global market revenue by 2034.
What is the forecasted size of the advanced PCM market in South Korea by 2034?
Demand for advanced PCMs in South Korea is projected to reach a market value of US$ 802.8 million by 2034.
What is the market scenario for inorganic advanced PCMs?
Global sales of inorganic advanced PCMs are analyzed to rise at 12.9% CAGR and reach US$ 7.14 billion by 2034.
Who are some of the key players in this market?
Some of the leading market players are Cryopak, Honeywell International Inc., Salca BV, Outlast Technologies LLC, and Axiotherm GmbH.
Advanced Phase Change Material Market