Advanced Phase Change Materials Market by Product Type, Distribution Channel, End User 2024-2032
                     Global Advanced Phase 
Change Materials Market 
Research and Forecast 
Report 2024-2032
Format: PDF+EXCEL
© 2023 IMARC All Rights Reserved 
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A c c o r d i n g  t o  t h e  l a t e s t  r e p o r t  b y  I M A R C  G r o u p ,  t i t l e d  " A d v a n c e d  P h a s e  C h a n g e  
M a t e r i a ls  M a r k e t :  G lo b a l  I n d u s t r y  T r e n d s ,  S h a r e ,  S i z e ,  G r o w t h ,  O p p o r t u n i t y  a n d  
F o r e c a s t  2 0 2 4 - 2 0 3 2 , "  t h e  g l o b a l  a d v a n c e d  p h a s e  c h a n g e  m a t e r i a l s  m a r k e t  s i z e  r e a c h e d  
U S $  1 .6  B i l l i o n  i n  2 0 2 3 .
F a c to rs  A f fe c t in g  th e  G ro w th  o f  th e  G lo b a l  A d v a n c e d  P h a s e  C h a n g e  M a te r ia l  
Report I n d u s t ry :
E me rg in g  T e c h n o lo g ic a l  A d v a n c e me n ts :
Highlight and T h e  f i e l d  o f  a d v a n c e d  p h a s e  c h a n g e  m a t e r i a l s  ( P C M s )  i s  u n d e r g o i n g  s i g n i f i c a n t  t r a n s f o r m a t i o n  d u e  t o  c o n t i n u o u s  r e s e a r c h  a n d  d e v e l o p m e n t  ( R & D )  e f f o r t s .  T h e s e  
m a t e r i a l s ,  k n o w n  f o r  t h e i r  a b i l i t y  t o  s t o r e  a n d  r e l e a s e  l a r g e  a m o u n t s  o f  t h e r m a l  e n e r g y  
Description d u r i n g  p h a s e  t r a n s i t i o n s ,  a r e  b e c o m i n g  s o p h i s t i c a te d .  A d d i t i o n a l l y ,  v a r i o u s  i n n o v a t i o n s  i n  c h e m i s t r y  a n d  m a te r i a l s  s c i e n c e  h a v e  l e d  t o  P C M s  
w i t h  e n h a n c e d  t h e r m a l  s t o r a g e  c a p a c i t i e s ,  a l l o w i n g  t h e m  t o  a b s o r b  m o r e  h e a t  b e f o r e  
c h a n g i n g  p h a s e  w h i c h  i s  e s s e n t i a l  f o r  a p p l i c a t i o n s  r e q u i r i n g  t e m p e r a tu r e  c o n t r o l  o v e r  
e x te n d e d  p e r i o d s .  F u r t h e r m o r e ,  a d v a n c e me n t s  i n  t h e  s t a b i l i z a t i o n  o f  P C M s  e n s u r e  t h a t  
t h e i r  t h e r m a l  p e r f o r m a n c e  r e m a i n s  c o n s i s t e n t  o v e r  m a n y  c y c l e s  o f  m e l t i n g  a n d  
s o l i d i f i c a t i o n  w h i c h  e x t e n d s  t h e  u s e fu l  l i f e  o f  P C M - b a s e d  p r o d u c t s ,  m a k i n g  t h e m  m o r e  
c o s t - e f f e c t i v e  a n d  r e l i a b l e  f o r  l o n g - t e r m  a p p l i c a t i o n s .
Growing Demand in Construction and HVAC:
The r i s ing demand fo r  advanced phase change mater ia ls  (PCMs)  in  the  
cons t ruc t ion and  hea t ing,  ven t i la t ion ,  and  a i r  cond i t ion ing  (HVAC)  secto rs  i s  
dr i ven  by  the push  toward  susta inab i l i t y  and  energy  e f f ic iency.  Moreover ,  
the  g rowing cons t ruc t ion indust ry  uses PCMs in tegra ted in to  bu i ld ing 
Report mater ia ls  such  as  wal lboards,  f loo rs ,  and roo fs  to  enhance therma l  mass which he lps  bu i ld ings to  na tura l ly  regu la te  indoor  tempera tu res by  absorb ing  
excess  heat  dur ing the  day  and re leas ing  i t  a t  n ight ,  reduc ing  the  need fo r  
Highlight and mechan ica l  coo l ing and hea t ing  sys tems.  
Bes ides  th is ,  the r i s ing  p roduct  demand in  HVAC o f fe r  innova t ive  so lu t ions 
Description fo r  energy s to rage ,  enab l ing more  e f f i c ien t  management  o f  therma l  loads 
and  peak  demand by s to r ing  therma l  energy dur ing  o f f -peak t imes  and  
re leas ing  i t  dur ing peak  demand per iods,  enab l ing  PCMs to  s ign i f i cant ly  
reduce  energy  consumpt ion  and cos ts .
Increasing Applicat ion in Text i les:
The in tegra t ion o f  advanced phase  change mater ia ls  (PCMs)  in to  tex t i les  
marks  a  s ign i f i can t  evo lu t ion  in  the  fabr ic  indus t ry ,  esca la t ing  the  demand 
across var ious app l ica t ions .
Add i t iona l l y ,  the  incorpora t ion  o f  PCMs in to  f i be rs  and  fab r ics  a l lows  
manufac tu re rs  to  c rea te  smar t  tex t i les  tha t  ac t i ve ly  regu la te  tempera tu re ,  
p rov id ing  comfor t  and  per fo rmance  enhancements .  These  tempera tu re -
regu la t ing  tex t i l es  f ind  app l i ca t ions  in  spor tswear ,  whe re  they  he lp  a th le tes  
ma in ta in  op t ima l  body  tempera tu re ,  enhanc ing  endurance  and  per fo rmance .  
Bes ides  th is ,  t he  increas ing  p roduct  use  in  p ro tec t i ve  c lo th ing  a l lows  wo rkers  
Report i n  ex t reme  tempera tu re  env i ronments ,  f i re f i gh te rs ,  and  mi l i ta ry  pe rsonne l  to  
wea r  ga rmen ts  to  p ro tec t  aga ins t  t empera tu re  f luc tua t ions ,  enhanc ing  sa fe ty  
Highlight and and  comfo r t .
Description Request  for  a  PDF sample  o f  th is  repor t :  h t tps : / /www. imarcgroup .com/advanced-phase-change -mate r ia ls -marke t / reques t
samp le
Report Description
Global  Advanced Phase Change Mater ia ls  Market  Trends:
At  p resen t ,  t he  demand fo r  PCM in  the  bu i ld ing  and  cons t ruc t ion  sec to r  i s  r i s ing  due  to  the  need  fo r  more  energy-
e f f i c ien t  bu i ld ings  to  reduce  ene rgy  consumpt ion  fo r  hea t ing  and  coo l ing ,  the reby  improv ing  bu i ld ing  comfor t  and  
reduc ing  ca rbon  emiss ions .  Moreove r ,  t he  chang ing  sh i f t  t owa rd  o rgan ic  and  b iobased  PCMs o f fe r  lower  tox ic i t y ,  
and  b iodegradab i l i t y ,  and  a re  de r i ved  f rom renewab le  resources ,  a l ign ing  w i th  g loba l  sus ta inab i l i t y  goa ls .  
A long  w i th  th is ,  con t inuous  resea rch  and  deve lopment  (R&D)  e f fo r t s  a re  lead ing  to  the  d iscove ry  o f  new PCM 
mate r ia ls  w i th  imp roved  p roper t i es ,  such  as  h igher  the rma l  s to rage  capac i t y ,  w ider  tempera tu re  ranges ,  and  
fas te r  the rma l  response  wh ich  is  expand ing  the  po ten t ia l  app l ica t ions  o f  PCM.
Look ing  forward,  IMARC Group expects  the  market  to  reach US$ 4 .2  B i l l ion  by  2032 ,  exhib i t ing a  growth 
ra te  (CAGR) of  11 .1% dur ing 2024-2032 .
V iew Report  TOC,  F igures  and Tab les :  
h t tps : / /www. imarcgroup.com/advanced-phase-change-mater ia ls -market
Breakup by Type:
• Organic PCM
• Inorganic PCM
• Bio-Based PCM
 
Report Breakup by Form:
• Encapsulated
Segmentation • Non-Encapsulated
Breakup by Application:
• Bui lding and Construction
• Packaging
• HVAC
• Texti les
• Electronics
• Others
Regional Insights:
Report • Europe
Segmentation • North America
• Asia Pacifi c
• Middle East and Afr ica
• Latin America
• BASF SE
• Cryopak
• Entropy Solut ions
• Honeywel l  International  Inc.
• Outlast Technologies LLC
Competitive 
• Cl imator Sweden AB
Landscape • Croda Internat ional  Plc
with Key • Phase Change Material  Products Limited
• Phase Change Energy Solut ions
Players • Pluss Advanced Technologies Pvt.  Ltd.
• RGEES, LLC.
• Rubitherm Technologies GmbH
• Salca BV
• SGL Group
What was the size of the global advanced phase change 
materials market in 2023?
What is the expected growth rate of the global 
advanced phase change materials market during 2024-
2032?
What are the key factors driving the global advanced 
phase change materials market?
Key 
What has been the impact of COVID-19 on the global 
Questions advanced phase change materials market?
Answered in What is the breakup of the global advanced phase change materials market based on the type?
the Report What is the breakup of the global advanced phase 
change materials market based on the form?
What is the breakup of the global advanced phase 
change materials market based on the application?
What are the key regions in the global advanced phase 
change materials market?
Who are the key players/companies in the global 
advanced phase change materials market?
1     P r e f a c e
2     S c o p e  a n d  M e t h o d o l o g y
    2 . 1     O b j e c t i v e s  o f  t h e  S t u d y
    2 . 2     S t a k e h o l d e r s
    2 . 3     D a t a  S o u r c e s
        2 . 3 . 1     P r i m a r y  S o u r c e s
        2 . 3 . 2     S e c o n d a r y  S o u r c e s
    2 . 4     M a r k e t  E s t i m a t i o n
Table of         2 . 4 . 1     B o t t o m - U p  A p p r o a c h        2 . 4 . 2     T o p - D o w n  A p p r o a c h
    2 . 5     F o r e c a s t i n g  M e t h o d o l o g y
3     E x e c u t i v e  S u m m a r y
4     I n t r o d u c t i o n
Contents     4 . 1     O v e r v i e w    4 . 2     K e y  I n d u s t r y  T r e n d s5     G l o b a l  A d v a n c e d  P h a s e  C h a n g e  M a t e r i a l s  M a r k e t
    5 . 1     M a r k e t  O v e r v i e w
    5 . 2     M a r k e t  P e r f o r m a n c e
    5 . 3     I m p a c t  o f  C O V I D - 1 9
    5 . 4     M a r k e t  B r e a k u p  b y  T y p e
    5 . 5     M a r k e t  B r e a k u p  b y  F o r m
    5 . 6     M a r k e t  B r e a k u p  b y  A p p l i c a t i o n
    5 . 7     M a r k e t  B r e a k u p  b y  R e g i o n
    5 . 8     M a r k e t  F o r e c a s t
    5 . 9    S W O T  A n a l y s i s
        5 . 9 . 1     O v e r v i e w
        5 . 9 . 2     S t r e n g t h s
        5 . 9 . 3     W e a k n e s s e s
        5 . 9 . 4     O p p o r t u n i t i e s
        5 . 9 . 5     T h r e a t s
       
    5 . 1 0     V a l u e  C h a i n  A n a l y s i s
        5 . 1 0 . 1     O v e r v i e w
        5 . 1 0 . 2     R e s e a r c h  a n d  D e v e l o p m e n t
        5 . 1 0 . 3     R a w  M a t e r i a l  P r o c u r e m e n t
        5 . 1 0 . 4     M a n u f a c t u r i n g
        5 . 1 0 . 5     D i s t r i b u t i o n
        5 . 1 0 . 6     E x p o r t
        5 . 1 0 . 7     E n d - U s e
    5 . 1 1     P o r t e r s  F i v e  F o r c e s  A n a l y s i s
        5 . 1 1 . 1     O v e r v i e w
Table of         5 . 1 1 . 2     B a r g a i n i n g  P o w e r  o f  B u y e r s        5 . 1 1 . 3     B a r g a i n i n g  P o w e r  o f  S u p p l i e r s
        5 . 1 1 . 4     D e g r e e  o f  C o m p e t i t i o n
        5 . 1 1 . 5     T h r e a t  o f  N e w  E n t r a n t s
Contents         5 . 1 1 . 6     T h r e a t  o f  S u b s t i t u t e s    5 . 1 2     P r i c e  A n a l y s i s
        5 . 1 2 . 1     K e y  P r i c e  I n d i c a t o r s
        5 . 1 2 . 2     P r i c e  S t r u c t u r e
        5 . 1 2 . 3     P r i c e  T r e n d s
6    M a r k e t  B r e a k u p  b y  T y p e
    6 . 1     O r g a n i c  P C M
        6 . 1 . 1  M a r k e t  T r e n d s
        6 . 1 . 2  M a r k e t  F o r e c a s t
    6 . 2     I n o r g a n i c  P C M
        6 . 2 . 1  M a r k e t  T r e n d s
        6 . 2 . 2  M a r k e t  F o r e c a s t
    6 . 3     B i o - B a s e d  P C M
        6 . 3 . 1  M a r k e t  T r e n d s
        6 . 3 . 2  M a r k e t  F o r e c a s t
F o r  m o r e  i n f o r m a t i o n ,  v i s i t :  
h t t p s : / / w w w. im a rcg ro u p . co m / a dv a n ce d - p h a s e - c h a n g e - m a t e r i a l s -
m a r ke t / t o c
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