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The Phase Change Material Market Size was valued at USD 536.3 Million in 2023 and is expected to reach USD 2,721.7 Million by 2032, growing at a CAGR of 19.8% over the forecast period of 2024-2032.
The phase change material market is influenced through a wide-ranging utility in various sectors. This report discusses the cost efficiency and its economic impact that results in energy-saving benefits. Shifting consumer awareness and education, regulatory frameworks, and sustainability initiatives shaping the industry are also covered. Moreover, the report delves into supply chain analysis with respect to phase change materials and scrutinizes the market dynamics that impact the demand and supply of phase change materials across the globe.
Drivers
Growing demand for energy-efficient solutions in building and construction industry boosts the phase change material market growth
The phase change material market is majorly driven by a growing demand for energy-efficient solutions in the building and construction industry. With energy usage increasingly prioritized in the construction sector, Phase Change Materials are rapidly advancing in popularity, as they help store and release thermal energy. For the duration of a day, these materials absorb the heat from the sunlight, and when the sun goes down, they will give up their stored energy, allowing the heat to remain constant within your house, and saving money for further heating or cooling systems. This energy-saving feature is encouraging the use of Phase Change Materials (PCMs), especially in the construction of energy-efficient buildings and houses. Additionally, governments across the globe are tightening energy efficiency standards, which has also been driving demand for the materials in the construction and infrastructure sectors. The growth of the Phase Change Material market is driven, in part, by the increasing demand for energy-efficient products in the broader sustainable building solutions market.
Restraints
Lack of Standardization and Regulatory Frameworks Limits Market Growth and Product Development in Phase Change Material Industry
Lack of standards and regulations in the Phase Change Material industry is a factor hampering the market's growth. The broad diversity of applications of Phase Change Materials, from building construction to textiles, makes it difficult to establish standards and certification processes that are understood and universally accepted. The lack of uniformity in standards can complicate manufacturer accountability for the safety and effectiveness of their devices, leading to fragmentation of the market and inconsistencies in quality. Unstandardized testing procedures and regulations can lead to prolonged product evolution and limited market confidence, further delaying the integration of these applicable materials in multiple domains. There is no single way for product development and market standards, because companies are facing an uphill battle while trying to comply with a regulatory environment.
Opportunities
Expansion of Renewable Energy Applications Offers New Growth Opportunities for Phase Change Materials in Thermal Energy Storage
Growing global shift toward renewable energy sources has been providing strong opportunities for the Phase Change Material market over the coming years, especially in thermal energy storage eventualities. While the world witnesses the rise in use of renewable energy sources such as wind and solar, the intermittent nature of such energy sources calls for efficient energy storage systems. Abundance of heat energy can be stored and released in Phase Change Materials (PCMs) that significantly change their structure at a particular temperature during storing and releasing thermal energy, making them suitable candidates for thermal energy storage systems. Implementing Phase Change Materials into solar energy systems & other renewable technologies improves the energy storage efficiency and reliability. This could be a major growth opportunity for the Phase Change Material market, particularly in regions with increasing adoption of renewable energy.
Challenge
Consumer Perception and Adoption Barriers Due to High Initial Costs and Lack of Awareness Pose Challenges for Market Growth
Phase Change Materials also provide a long-term benefit, but consumer perception is a challenge for many companies due to higher initial costs and lack of consumer awareness regarding their benefits. This perception of high upfront investment is likely to put-off many potential customers, particularly with small to medium enterprises. Phase Change Materials are also less known to the general public this can limit them from reaching more places and showing their long-term energy efficiency and environmental benefits. Combined with slow education and awareness campaigns, this barrier to consumer adoption may cap the market potential. Finding ways to validate the technology and overcome these perception challenges is critical to the sustained adoption and growth of the Phase Change Material market.
By Type
In 2023, Organic Phase Change Material held the largest market share of 45% due to their superior thermal performance, non-corrosive nature, and long-term stability. These materials primarily consist of paraffin and fatty acids and are commonly used in building insulation, electronics cooling, and thermal storage systems. Phase Change Materials (PCMs) have also seen their demand surge in the upcoming years on account of steps taken by organizations like the U.S. Department of Energy, that provided a promotional push to Organic PCMs in Building/Construction sector to achieve energy-efficient construction. Moreover, other companies including BASF and Croda International have also increased their bio-based paraffin portfolio to provide better thermal management solutions. The government policies promoted towards sustainable and energy-efficient materials have further facilitated the adoption of organic Phase Change Materials; thus, becoming the widely accepted choice in numerous industries.
By Encapsulation Technology
Macro-encapsulation technology accounted for a leading share of 43% of the total market share in 2023 owing to its superior thermal energy storage capacity and sturdiness. Due to their ease of integration & longer lifespan macro-encapsulated Phase Change Materials are widely used in building materials cold storage & HVAC systems. Fee funding towards government green building initiatives including the European Union’s Energy Performance of Buildings Directive (EPBD) have resulted in the adoption of macro-encapsulated solutions to achieve sustainable buildings. Major companies, including Climator Sweden AB and Rubitherm Technologies, have also been seen investing in macro-encapsulation technologies to improve thermal energy storage systems. Macro-encapsulation, owing to its greater efficiency and scalability, is the leading segment in Phase Change Materials.
By Application
The Building & Construction application segment accounted for the majority of the market share in 2023, at 32%, because of growing need for energy-efficient structures and stringent environmental regulations. Thermal energy storage companies are applying Phase Change Materials into walls and roofs, and were also used in floors to decrease heating and cooling costs. Notably, regulatory bodies including the U.S. Green Building Council and the European Commission have underscored the importance of adopting thermal energy storage materials to achieve carbon neutrality objectives. To facilitate green construction, companies such as DuPont and Phase Change Energy Solutions are quickly working on Phase Change Material-based insulation solutions. Increasing implementation of smart buildings and net-zero energy projects is also strengthening Building & Construction segment, thus dominating the Phase Change Material market.
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In 2023, Europe dominated and had a 38% share in the Phase Change Material market, due to the stringent energy efficiency regulations, high adoption of green building initiatives, and the government’s supportive stance towards clean technologies in the region. Thermal energy storage solutions like Phase Change Materials have gained significant recognition for their ability to reduce the energy consumption, both for heating and cooling, of commercial and residential buildings under the European Union's Energy Performance of Buildings Directive (EPBD). Germany dominated with significant investments in sustainable construction and thermal energy storage technologies. Phase Change Materials are already used in nearly 40% of Germany’s buildings, according to the German Energy Agency (DENA), alongside energy-optimized insulation materials. United Kingdom is another significant country that has witnessed growing adoption of cold chain solutions owing to greater pharmaceutical and food logistics demands. Organization such as Croda International and Rubitherm Technologies is proactively making innovations for Phase Change Material based products to match the rigorous sustainability target in the region.
Asia Pacific emerged as the fastest-growing region in the Phase Change Material market and accounted for a significant growth rate. The growth can be credited to rapid industrialization, rising demand for energy-efficient buildings, and growing cold chain logistics. China’s government-backed energy conservation efforts and capital investments in sustainable construction put it ahead of the region. The Chinese Ministry of Housing and Urban-Rural Development has included energy-saving materials such as Phase Change Materials in the mandatory component for public infrastructure projects. India comes next, with huge growth driven by increasing demand for temperature-controlled packaging from the pharmaceutical and food sectors. India has been witnessing strong growth in its cold chain industry with CAGR between 17-18%, according to India Brand Equity Foundation (IBEF), which in turn is propelling demand for the Phase Change Materials. Japan is also playing a role in the expansion of the market with cutting-edge research into thermal energy storage solutions whilst firms such as Teappcm and Shin-Etsu Chemical are exploring new applications in electronics and automotive thermal management.
May 2023: Texas A&M University researchers created fundamental design guidelines for composite phase transition materials that enable quick thermal energy storage. The Office of Naval Research-funded theoretical framework offers three advantages for developing cylindrical composites, evaluating performance, and taking into consideration heat loads unique to thermal storage applications.
March 2023: BioLife Solutions launched the first-ever non-toxic, non-hazardous, and non-flammable phase change material (PCM) for -70°C ultra-low temperature (ULT) protection was introduced by BioLife Solutions as Ultra guard.
AI Technology Inc. (Thermoelectric materials, Thermal Interface Materials)
Appvion Inc. (PCM-based papers, Thermoregulated packaging solutions)
Boyd Corporation (Thermal management materials, Heat exchangers)
Celgard LLC (Battery separator films, Lithium-ion battery separators)
Climator Sweden AB (Climator PCM modules, PCM-based thermal storage systems)
Cold Chain Technologies Inc. (Thermal packaging, Phase change material packs)
Cryopak (Thermal insulation products, PCM-based shipping solutions)
DuPont de Nemours, Inc. (Thermally conductive materials, PCM-based solutions)
Entropy Solutions (PURETemp PCM, Thermal energy storage systems)
Henkel AG & Company KGAA (Thermal interface materials, Thermal management adhesives)
Honeywell Electronic Materials Inc. (Phase change materials for electronics, Thermal interface materials)
Honeywell International Inc. (Thermal energy storage materials, Heat management solutions)
Laird Technologies, Inc. (Thermal management materials, PCM-based thermal solutions)
Microtek Laboratories Inc. (Thermal interface materials, Phase change materials for electronics)
Outlast Technologies LLC (Outlast PCM, Thermal regulation fabrics)
Phase Change Materials Products Ltd. (PCM-based products, Thermal management materials)
Phase Change Solutions (PURETemp PCM, Thermal storage solutions)
PureTemp LLC (PureTemp PCM, Temperature-regulated packaging)
Rubitherm Technologies GmbH (Rubitherm PCM, Thermal energy storage solutions)
Sasol Limited (PCM-based products, Thermal insulation materials)
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | USD 536.3 Million |
| Market Size by 2032 | USD 2,721.7 Million |
| CAGR | CAGR of 19.8% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | •By Type (Organic, Inorganic, Bio-based) •By Encapsulation Technology (Macro, Micro, Molecular) •By Application (Building & Construction, HVAC, Cold Chain & Packaging, Thermal Energy Storage, Refrigeration & Equipment, Textiles, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Honeywell International Inc., DuPont de Nemours, Inc., Croda International Plc, Boyd Corporation, Sasol Limited, Outlast Technologies LLC, Rubitherm Technologies GmbH, PureTemp LLC, Phase Change Solutions, Microtek Laboratories Inc. and other key players |
Ans: The Asia Pacific region is the fastest-growing in the Phase Change Material Market due to urbanization and infrastructure development.
Ans: The organic Phase Change Material segment held the largest market share of 45% in 2023.
Ans: The Phase Change Material Market is driven by the increasing demand for energy-efficient solutions in construction.
Ans: The Phase Change Material Market is projected to grow at a CAGR of 19.8% from 2024 to 2032.
Ans: The Phase Change Material Market was valued at USD 536.3 million in 2023.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics Impact Analysis
4.1 Market Driving Factors Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Cost-Effectiveness and Economic Impact
5.2 Consumer Awareness and Education
5.3 Regulatory Framework
5.4 Sustainability Initiatives
5.5 Supply Chain Analysis
5.6 Consumer Behavior Analysis
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and supply chain strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Phase Change Material Market Segmentation, by Type
7.1 Chapter Overview
7.2 Organic
7.2.1 Organic Market Trends Analysis (2020-2032)
7.2.2 Organic Market Size Estimates and Forecasts to 2032 (USD Million)
7.3 Inorganic
7.3.1 Inorganic Market Trends Analysis (2020-2032)
7.3.2 Inorganic Market Size Estimates and Forecasts to 2032 (USD Million)
7.4 Bio-based
7.4.1 Bio-based Market Trends Analysis (2020-2032)
7.4.2 Bio-based Market Size Estimates and Forecasts to 2032 (USD Million)
8. Phase Change Material Market Segmentation, by Encapsulation Technology
8.1 Chapter Overview
8.2 Macro
8.2.1 Macro Market Trends Analysis (2020-2032)
8.2.2 Macro Market Size Estimates and Forecasts to 2032 (USD Million)
8.3 Micro
8.3.1 Micro Market Trends Analysis (2020-2032)
8.3.2 Micro Market Size Estimates and Forecasts to 2032 (USD Million)
8.4 Molecular
8.4.1 Molecular Market Trends Analysis (2020-2032)
8.4.2 Molecular Market Size Estimates and Forecasts to 2032 (USD Million)
9. Phase Change Material Market Segmentation, by Application
9.1 Chapter Overview
9.2 Building & Construction
9.2.1 Building & Construction Market Trends Analysis (2020-2032)
9.2.2 Building & Construction Market Size Estimates and Forecasts to 2032 (USD Million)
9.3 HVAC
9.3.1 HVAC Market Trends Analysis (2020-2032)
9.3.2 HVAC Market Size Estimates and Forecasts to 2032 (USD Million)
9.4 Cold Chain & Packaging
9.4.1 Cold Chain & Packaging Market Trends Analysis (2020-2032)
9.4.2 Cold Chain & Packaging Market Size Estimates and Forecasts to 2032 (USD Million)
9.5 Thermal Energy Storage
9.5.1 Thermal Energy Storage Market Trends Analysis (2020-2032)
9.5.2 Thermal Energy Storage Market Size Estimates and Forecasts to 2032 (USD Million)
9.6 Refrigeration & Equipment
9.6.1 Refrigeration & Equipment Market Trends Analysis (2020-2032)
9.6.2 Refrigeration & Equipment Market Size Estimates and Forecasts to 2032 (USD Million)
9.7 Textiles
9.7.1 Textiles Market Trends Analysis (2020-2032)
9.7.2 Textiles Market Size Estimates and Forecasts to 2032 (USD Million)
9.8 Others
9.8.1 Others Market Trends Analysis (2020-2032)
9.8.2 Others Market Size Estimates and Forecasts to 2032 (USD Million)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Phase Change Material Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.2.3 North America Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.2.4 North America Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.2.5 North America Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.2.6 USA
10.2.6.1 USA Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.2.6.2 USA Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.2.6.3 USA Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.2.7 Canada
10.2.7.1 Canada Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.2.7.2 Canada Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.2.7.3 Canada Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.2.8 Mexico
10.2.8.1 Mexico Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.2.8.2 Mexico Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.2.8.3 Mexico Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Phase Change Material Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.3.1.3 Eastern Europe Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.1.4 Eastern Europe Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.3.1.5 Eastern Europe Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.1.6 Poland
10.3.1.6.1 Poland Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.1.6.2 Poland Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.3.1.6.3 Poland Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.1.7 Romania
10.3.1.7.1 Romania Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.1.7.2 Romania Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.3.1.7.3 Romania Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.1.8.2 Hungary Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.3.1.8.3 Hungary Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.1.9.2 Turkey Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.3.1.9.3 Turkey Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.1.10.2 Rest of Eastern Europe Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.3.1.10.3 Rest of Eastern Europe Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Phase Change Material Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.3.2.3 Western Europe Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.2.4 Western Europe Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.3.2.5 Western Europe Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.2.6 Germany
10.3.2.6.1 Germany Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.2.6.2 Germany Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.3.2.6.3 Germany Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.2.7 France
10.3.2.7.1 France Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.2.7.2 France Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.3.2.7.3 France Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.2.8 UK
10.3.2.8.1 UK Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.2.8.2 UK Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.3.2.8.3 UK Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.2.9 Italy
10.3.2.9.1 Italy Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.2.9.2 Italy Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.3.2.9.3 Italy Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.2.10 Spain
10.3.2.10.1 Spain Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.2.10.2 Spain Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.3.2.10.3 Spain Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.2.11.2 Netherlands Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.3.2.11.3 Netherlands Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.2.12.2 Switzerland Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.3.2.12.3 Switzerland Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.2.13 Austria
10.3.2.13.1 Austria Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.2.13.2 Austria Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.3.2.13.3 Austria Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.3.2.14.2 Rest of Western Europe Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.3.2.14.3 Rest of Western Europe Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.4 Asia Pacific
10.4.1 Trends Analysis
10.4.2 Asia Pacific Phase Change Material Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.4.3 Asia Pacific Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.4.4 Asia Pacific Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.4.5 Asia Pacific Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.4.6 China
10.4.6.1 China Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.4.6.2 China Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.4.6.3 China Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.4.7 India
10.4.7.1 India Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.4.7.2 India Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.4.7.3 India Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.4.8 Japan
10.4.8.1 Japan Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.4.8.2 Japan Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.4.8.3 Japan Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.4.9 South Korea
10.4.9.1 South Korea Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.4.9.2 South Korea Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.4.9.3 South Korea Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.4.10 Vietnam
10.4.10.1 Vietnam Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.4.10.2 Vietnam Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.4.10.3 Vietnam Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.4.11 Singapore
10.4.11.1 Singapore Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.4.11.2 Singapore Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.4.11.3 Singapore Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.4.12 Australia
10.4.12.1 Australia Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.4.12.2 Australia Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.4.12.3 Australia Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.4.13 Rest of Asia Pacific
10.4.13.1 Rest of Asia Pacific Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.4.13.2 Rest of Asia Pacific Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.4.13.3 Rest of Asia Pacific Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Phase Change Material Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.5.1.3 Middle East Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.5.1.4 Middle East Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.5.1.5 Middle East Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.5.1.6 UAE
10.5.1.6.1 UAE Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.5.1.6.2 UAE Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.5.1.6.3 UAE Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.5.1.7.2 Egypt Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.5.1.7.3 Egypt Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.5.1.8.2 Saudi Arabia Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.5.1.8.3 Saudi Arabia Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.5.1.9.2 Qatar Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.5.1.9.3 Qatar Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.5.1.10.2 Rest of Middle East Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.5.1.10.3 Rest of Middle East Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Phase Change Material Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.5.2.3 Africa Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.5.2.4 Africa Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.5.2.5 Africa Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.5.2.6.2 South Africa Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.5.2.6.3 South Africa Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.5.2.7.2 Nigeria Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.5.2.7.3 Nigeria Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.5.2.8.2 Rest of Africa Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.5.2.8.3 Rest of Africa Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Phase Change Material Market Estimates and Forecasts, by Country (2020-2032) (USD Million)
10.6.3 Latin America Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.6.4 Latin America Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.6.5 Latin America Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.6.6 Brazil
10.6.6.1 Brazil Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.6.6.2 Brazil Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.6.6.3 Brazil Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.6.7 Argentina
10.6.7.1 Argentina Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.6.7.2 Argentina Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.6.7.3 Argentina Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.6.8 Colombia
10.6.8.1 Colombia Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.6.8.2 Colombia Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.6.8.3 Colombia Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Phase Change Material Market Estimates and Forecasts, by Type (2020-2032) (USD Million)
10.6.9.2 Rest of Latin America Phase Change Material Market Estimates and Forecasts, by Encapsulation Technology (2020-2032) (USD Million)
10.6.9.3 Rest of Latin America Phase Change Material Market Estimates and Forecasts, by Application (2020-2032) (USD Million)
11. Company Profiles
11.1 Honeywell International Inc.
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 DuPont de Nemours, Inc.
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 Croda International Plc
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 Boyd Corporation
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 Sasol Limited
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 Outlast Technologies LLC
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Rubitherm Technologies GmbH
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 PureTemp LLC
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Phase Change Solutions
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Microtek Laboratories Inc.
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Type
Organic
Inorganic
Bio-based
By Encapsulation Technology
Macro
Micro
Molecular
By Application
Building & Construction
HVAC
Cold Chain & Packaging
Thermal Energy Storage
Refrigeration & Equipment
Textiles
Others
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Regional Coverage:
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US
Canada
Mexico
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Hungary
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Rest of Eastern Europe
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Netherlands
Switzerland
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Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
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With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Detailed Volume Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Competitive Product Benchmarking
Geographic Analysis
Additional countries in any of the regions
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Detailed analysis and profiling of additional market players
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Green Building Materials Market was USD 371.25 billion in 2023 and is expected to Reach USD 1020.53 billion by 2032, growing at a CAGR of 11.89% by 2024-2032.
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