- Non-paraffin
- Paraffin
- Salt Hydrates
- Eutectics
The phase change materials market size was valued at USD 1.9 billion in 2022 and will exhibit a growth rate of over 17.4% from 2023 to 2029. Phase change materials are extensively used to enable the temporary storage of low temperature or high temperature energy to use later. These are also used for thermal energy storage. Phase change materials provide several thermal management solutions. This market report on phase change materials market size covers thorough coverage of the industry along with estimations and forecasts. This market is anticipated to record CAGR of 20% over the forecast period. Phase change materials like organic paraffin or carbohydrates and inert salt hydrates have a high heat of synthesis and can store hidden heat. These materials have great demand from the sectors such as building & construction, HVAC, and shipping & transportation energy storage.
Study Period
Base Year
CAGR
Largest Market
Fastest Growing Market
There are several major factors drive the market growth such as increasing demand from industries like construction and building and increasing global trend towards sustainable development. The organic product sector dominated the phase change materials market and is anticipated to grow in future because of the increasing construction industries in regions like Asia Pacific and North America. Advancement of phase change materials is anticipated to increase the opportunities in the market. Both the industries like construction and building industries witnessed crucial growth globally. Constant technological advancement is there for the production of high-quality materials for construction activities and phase change material is one of that advancement, which is gradually penetrating the global construction industry.
The Phase Change Materials Market size was valued at USD 1.9 billion in 2022
The Phase Change Materials Market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
Europe is the fastest-growing for Phase Change Materials Market
1.Executive Summary |
2.Global Phase Change Materials Market Introduction |
2.1.Global Phase Change Materials Market - Taxonomy |
2.2.Global Phase Change Materials Market - Definitions |
2.2.1.Product Type |
2.2.2.End User |
2.2.3.Region |
3.Global Phase Change Materials Market Dynamics |
3.1. Drivers |
3.2. Restraints |
3.3. Opportunities/Unmet Needs of the Market |
3.4. Trends |
3.5. Product Landscape |
3.6. New Product Launches |
3.7. Impact of COVID 19 on Market |
4.Global Phase Change Materials Market Analysis, 2018-2022 and Forecast 2023-2029 |
4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
4.3. Market Opportunity Analysis |
5.Global Phase Change Materials Market By Product Type, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
5.1. Non-paraffin |
5.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.1.3. Market Opportunity Analysis |
5.2. Paraffin |
5.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.2.3. Market Opportunity Analysis |
5.3. Salt Hydrates |
5.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.3.3. Market Opportunity Analysis |
5.4. Eutectics |
5.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
5.4.3. Market Opportunity Analysis |
6.Global Phase Change Materials Market By End User, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
6.1. HVAC |
6.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.1.3. Market Opportunity Analysis |
6.2. Electrical & Electronics |
6.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.2.3. Market Opportunity Analysis |
6.3. Healthcare |
6.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.3.3. Market Opportunity Analysis |
6.4. Textile |
6.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.4.3. Market Opportunity Analysis |
6.5. Building & Construction |
6.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.5.3. Market Opportunity Analysis |
6.6. Chemical Industries |
6.6.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.6.3. Market Opportunity Analysis |
6.7. Packaging |
6.7.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.7.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.7.3. Market Opportunity Analysis |
6.8. Aerospace & Automotive |
6.8.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.8.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.8.3. Market Opportunity Analysis |
6.9. Others |
6.9.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
6.9.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
6.9.3. Market Opportunity Analysis |
7.Global Phase Change Materials Market By Region, 2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
7.1. North America |
7.1.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.1.3. Market Opportunity Analysis |
7.2. Europe |
7.2.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.2.3. Market Opportunity Analysis |
7.3. Asia Pacific (APAC) |
7.3.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.3.3. Market Opportunity Analysis |
7.4. Middle East and Africa (MEA) |
7.4.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.4.3. Market Opportunity Analysis |
7.5. Latin America |
7.5.1. Market Analysis, 2018-2022 and Forecast, 2023-2029, (Sales Value USD Million) |
7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
7.5.3. Market Opportunity Analysis |
8.North America Phase Change Materials Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
8.1. Product Type Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.1.1.Non-paraffin |
8.1.2.Paraffin |
8.1.3.Salt Hydrates |
8.1.4.Eutectics |
8.2. End User Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.2.1.HVAC |
8.2.2.Electrical & Electronics |
8.2.3.Healthcare |
8.2.4.Textile |
8.2.5.Building & Construction |
8.2.6.Chemical Industries |
8.2.7.Packaging |
8.2.8.Aerospace & Automotive |
8.2.9.Others |
8.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
8.3.1.United States of America (USA) |
8.3.2.Canada |
9.Europe Phase Change Materials Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
9.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.1.1.Non-paraffin |
9.1.2.Paraffin |
9.1.3.Salt Hydrates |
9.1.4.Eutectics |
9.2. End User Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.2.1.HVAC |
9.2.2.Electrical & Electronics |
9.2.3.Healthcare |
9.2.4.Textile |
9.2.5.Building & Construction |
9.2.6.Chemical Industries |
9.2.7.Packaging |
9.2.8.Aerospace & Automotive |
9.2.9.Others |
9.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
9.3.1.Germany |
9.3.2.France |
9.3.3.Italy |
9.3.4.United Kingdom (UK) |
9.3.5.Spain |
9.3.6.Rest of EU |
10.Asia Pacific (APAC) Phase Change Materials Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
10.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.1.1.Non-paraffin |
10.1.2.Paraffin |
10.1.3.Salt Hydrates |
10.1.4.Eutectics |
10.2. End User Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.2.1.HVAC |
10.2.2.Electrical & Electronics |
10.2.3.Healthcare |
10.2.4.Textile |
10.2.5.Building & Construction |
10.2.6.Chemical Industries |
10.2.7.Packaging |
10.2.8.Aerospace & Automotive |
10.2.9.Others |
10.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
10.3.1.China |
10.3.2.India |
10.3.3.Australia and New Zealand (ANZ) |
10.3.4.Japan |
10.3.5.Rest of APAC |
11.Middle East and Africa (MEA) Phase Change Materials Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
11.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.1.1.Non-paraffin |
11.1.2.Paraffin |
11.1.3.Salt Hydrates |
11.1.4.Eutectics |
11.2. End User Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.2.1.HVAC |
11.2.2.Electrical & Electronics |
11.2.3.Healthcare |
11.2.4.Textile |
11.2.5.Building & Construction |
11.2.6.Chemical Industries |
11.2.7.Packaging |
11.2.8.Aerospace & Automotive |
11.2.9.Others |
11.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
11.3.1.GCC Countries |
11.3.2.South Africa |
11.3.3.Rest of MEA |
12.Latin America Phase Change Materials Market ,2018-2022 and Forecast 2023-2029 (Sales Value USD Million) |
12.1. Product Type Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.1.1.Non-paraffin |
12.1.2.Paraffin |
12.1.3.Salt Hydrates |
12.1.4.Eutectics |
12.2. End User Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.2.1.HVAC |
12.2.2.Electrical & Electronics |
12.2.3.Healthcare |
12.2.4.Textile |
12.2.5.Building & Construction |
12.2.6.Chemical Industries |
12.2.7.Packaging |
12.2.8.Aerospace & Automotive |
12.2.9.Others |
12.3. Country Analysis 2018-2022 and Forecast 2023-2029 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
12.3.1.Brazil |
12.3.2.Mexico |
12.3.3.Rest of LA |
13. Competition Landscape |
13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
13.2.1.Phase Change Products Pty Ltd |
13.2.2.Henkel |
13.2.3.Cryopak |
13.2.4.BASF SE |
13.2.5.Entropy Solutions LLC |
13.2.6.Laird Plc |
13.2.7.Sasol The Dow Chemical Company |
13.2.8.Croda International Plc. |
14. Research Methodology |
15. Appendix and Abbreviations |