The advanced PCM market is experiencing robust growth due to its increasing use in energy-efficient solutions across industries. Applications in building insulation, automotive temperature control, and cold chain logistics are driving demand. The growing emphasis on reducing energy consumption and greenhouse gas emissions has further accelerated the adoption of PCM. Bio-based and sustainable materials are gaining prominence, aligning with environmental initiatives. Moreover, advancements in PCM technology are enhancing energy storage capabilities, particularly in renewable energy systems such as solar power.
According to the research report published by Polaris Market Research, the global advanced phase change materials (PCM) market was valued at USD 1.45 billion in 2021 and is expected to reach USD 3.87 billion by 2030, to grow at a CAGR of 12.4% during the forecast period.
Advanced Phase Change Materials (PCM)
- Growing adoption in energy-efficient building materials for thermal regulation.
- Rising demand in the automotive sector for temperature control applications.
- Increased use in cold chain logistics for food and pharmaceutical storage.
- Development of bio-based and sustainable PCM to meet environmental standards.
- Expansion in renewable energy storage systems like solar power integration.
- Advansa B.V.
- AI Technology Inc.
- Climator SWEDEN AB
- Ciat Group
- Cold Chain Technologies Inc.
- Croda International Plc
- Cryopak Industries Inc.
- Henkel AG & Co.KGaA
- Honeywell International Inc.
- Microtek Laboratories Inc.
- Outlast Technologies LLC
- PCM Products Ltd.
- Phase Change Solutions Inc.
- Pluss Advanced Technologies Pvt. Ltd.
- PureTemp LLC
- Rubitherm Technologies GmbH
- Sasol Limited
- Teappcm Limited
Growth Factors:
• Market dynamics:All the key factors and major developments anticipated to boost the growth of the market are covered in the study.
• Technological evolution:The report offers a thorough understanding of the emerging technologies that can influence the Advanced Phase Change Materials market demand.
• Innovation pathways: The study covers where innovations can take the market in the mid to long term.
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The Geographical Analysis Covers Following Key Regions:
• North America (United States, Canada, and Mexico)
• Europe (Germany, France, United Kingdom, Russia, Italy, and the Rest of Europe)
• Asia-Pacific (China, Japan, Korea, India, Southeast Asia, and Australia)
• South America (Brazil, Argentina, Colombia, and the rest of South America)
• The Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa, and the Rest of the Middle East and Africa)
Advanced Phase Change Materials Market Segmentation:
The PCM market is segmented by type, application, and region. Types include organic, inorganic, and bio-based PCMs, with organic dominating due to their chemical stability. Applications cover building & construction, cold chain logistics, automotive, textiles, and electronics. Building & construction is the largest segment due to growing energy-efficient building demand. Regional markets such as North America and Europe lead, driven by strict energy conservation regulations and sustainability initiatives.
Advanced Phase Change Materials (PCM) Market, Product Outlook (Revenue – USD Billion, 2018 – 2030)
- Paraffin Wax
- Salt Hydrates
- Others
Advanced Phase Change Materials (PCM) Market, Type Outlook (Revenue – USD Billion, 2018 – 2030)
- Organic
- Inorganic
- Eutectic
Advanced Phase Change Materials (PCM) Market, Application Outlook (Revenue – USD Billion, 2018 – 2030)
- Building & Construction
- Commercial Refrigeration
- HVAC
- Energy Storage
- Shipping & Transportation
- Others
Advanced Phase Change Materials Industry Developments:
In January 2020, BASF acquired Solvay’s polyamide business, enhancing its polyamide portfolio with renowned products such as Technyl. This acquisition strengthens BASF’s capabilities in the polyamide sector.
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