Table of Content
"1 INTRODUCTION 37
1.1 OBJECTIVES OF THE STUDY 37
1.2 MARKET DEFINITION 37
1.2.1 PHASE CHANGE MATERIAL MARKET: INCLUSIONS AND EXCLUSIONS 37
1.2.2 PHASE CHANGE MATERIAL: MARKET DEFINITION AND INCLUSIONS, BY TYPE 38
1.2.3 PHASE CHANGE MATERIAL: MARKET DEFINITION AND INCLUSIONS,
BY APPLICATION 38
1.3 MARKET DEFINITION 39
FIGURE 1 PHASE CHANGE MATERIAL MARKET SEGMENTATION 39
1.3.1 REGIONS COVERED 39
1.3.2 YEARS CONSIDERED FOR THE STUDY 40
1.4 CURRENCY 40
1.5 UNITS CONSIDERED 40
1.6 STAKEHOLDERS 40
1.7 SUMMARY OF CHANGES 41
2 RESEARCH METHODOLOGY 42
2.1 RESEARCH DATA 42
FIGURE 2 PHASE CHANGE MATERIAL MARKET: RESEARCH DESIGN 42
2.1.1 SECONDARY DATA 43
2.1.2 PRIMARY DATA 43
2.1.2.1 Primary interviews: demand-side and supply-side 43
2.1.2.2 Key industry insights 44
2.1.2.3 Breakdown of primary interviews 44
2.2 MARKET SIZE ESTIMATION 45
2.2.1 BOTTOM-UP APPROACH 45
FIGURE 3 MARKET SIZE ESTIMATION - APPROACH 1 (SUPPLY-SIDE): REVENUE FROM SALE OF PHASE CHANGE MATERIAL 45
FIGURE 4 MARKET SIZE ESTIMATION - BOTTOM-UP (SUPPLY-SIDE): COLLECTIVE REVENUE OF ALL PHASE CHANGE MATERIAL COMPANIES 45
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 – BOTTOM-UP (DEMAND-SIDE): PRODUCTS SOLD AND THEIR AVERAGE SELLING PRICE 46
2.2.2 TOP-DOWN APPROACH 46
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 3 – TOP-DOWN 47
2.3 DATA TRIANGULATION 47
FIGURE 7 PHASE CHANGE MATERIAL MARKET: DATA TRIANGULATION 48
2.4 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST 48
2.4.1 SUPPLY-SIDE 49
FIGURE 8 MARKET CAGR PROJECTIONS FROM SUPPLY-SIDE 49
2.4.2 DEMAND-SIDE 49
FIGURE 9 MARKET GROWTH PROJECTIONS FROM DEMAND SIDE:
DRIVERS AND OPPORTUNITIES 50
2.5 FACTORS ANALYSIS 51
2.6 ASSUMPTIONS 51
2.7 LIMITATIONS 52
2.8 RISK ASSESSMENT 52
TABLE 1 PHASE CHANGE MATERIAL MARKET: RISK ASSESSMENT 52
3 EXECUTIVE SUMMARY 53
FIGURE 10 COLD CHAIN & PACKAGING ESTIMATED TO BE THE LARGEST APPLICATION SEGMENT OF THE PHASE CHANGE MATERIAL MARKET IN 2020 54
FIGURE 11 INORGANIC PHASE CHANGE MATERIAL EXPECTED TO DOMINATE THE PHASE CHANGE MATERIAL MARKET BETWEEN 2021 AND 2026 54
FIGURE 12 EUROPE ACCOUNTED FOR THE LARGEST MARKET SHARE IN 2020 55
4 PREMIUM INSIGHTS 57
4.1 ATTRACTIVE OPPORTUNITIES IN THE PHASE CHANGE MATERIAL MARKET 57
FIGURE 13 THE GROWING DEMAND FROM THE COLD CHAIN & PACKAGING APPLICATION TO DRIVE THE PHASE CHANGE MATERIAL MARKET DURING THE FORECAST PERIOD 57
4.2 PHASE CHANGE MATERIAL MARKET SIZE, BY REGION 57
FIGURE 14 EUROPE EXPECTED TO BE THE LARGEST MARKET FOR PHASE CHANGE MATERIALS DURING THE FORECAST PERIOD 57
4.3 EUROPE: PHASE CHANGE MATERIAL MARKET, BY APPLICATION AND COUNTRY, 2020 58
FIGURE 15 THE UK ACCOUNTED FOR THE LARGEST SHARE OF THE PHASE CHANGE MATERIAL MARKET IN 2020 58
4.4 PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION 58
FIGURE 16 COLD CHAIN & PACKAGING EXPECTED TO BE THE LARGEST APPLICATION SEGMENT OF THE PHASE CHANGE MATERIAL MARKET IN 2026 58
4.5 PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION VS REGION 59
FIGURE 17 COLD CHAIN & PACKAGING EXPECTED TO BE THE DOMINANT APPLICATION OF THE PHASE CHANGE MATERIAL MARKET IN MOST REGIONS 59
4.6 PHASE CHANGE MATERIAL MARKET, BY KEY COUNTRIES 60
FIGURE 18 THE PHASE CHANGE MATERIAL MARKET IN THE US PROJECTED TO REGISTER THE HIGHEST CAGR BETWEEN 2021 AND 2026 60
5 MARKET OVERVIEW 61
5.1 INTRODUCTION 61
5.2 MARKET DYNAMICS 61
FIGURE 19 PHASE CHANGE MATERIAL MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 62
5.2.1 DRIVERS 62
5.2.1.1 Regulations for the reduction of greenhouse gas emissions 62
TABLE 2 REGION-WISE ENVIRONMENTAL NORMS: REGULATIONS DRIVING GROWTH OF THE PHASE CHANGE MATERIAL MARKET 63
5.2.1.2 Use of phase change material for temperature control and greater comfort 63
FIGURE 20 A COMPARISON BETWEEN TEMPERATURES WITH AND WITHOUT
THE USE OF PHASE CHANGE MATERIAL 64
5.2.1.3 Use of phase change material for peak-load shifting 64
5.2.1.4 Alternative for reducing energy cost 64
5.2.1.5 Reduction in operating cost for cold chain and packaging industry 65
5.2.1.6 Effective solution for temperature-sensitive applications 65
5.2.1.7 Technical superiority over conventional materials 65
5.2.1.7.1 Wide range of melting temperatures 65
TABLE 3 PHASE CHANGE MATERIAL APPLICATIONS WITH RESPECT TO THEIR TEMPERATURE 65
5.2.1.7.2 Availability of phase change material in various grades 66
TABLE 4 TYPES AND FORMS OF PHASE CHANGE MATERIAL 66
5.2.1.7.3 Long operating life 66
5.2.1.7.4 Use for both, cooling and heating purposes 66
5.2.1.7.5 High heat storage capacity 66
FIGURE 21 HEAT CAPACITY OF PHASE CHANGE MATERIAL VS. OTHER INSULATING MATERIALS 67
5.2.2 RESTRAINTS 67
5.2.2.1 Lack of awareness for the benefits of PCM 67
5.2.2.2 Flammability and corrosiveness restrict the usage of PCM 67
5.2.2.3 Lack of government subsidies 68
5.2.3 OPPORTUNITIES 68
5.2.3.1 The rise in the need for cold chain logistics 68
5.2.3.2 R&D initiatives for enhanced phase change material efficiency 68
FIGURE 22 GLOBAL R&D INITIATIVES TO INCREASE THE EFFICIENCY OF PHASE CHANGE MATERIAL 68
5.2.4 CHALLENGES 69
5.2.4.1 Relatively high cost of switching from conventional materials 69
5.2.4.2 Impact of COVID-19 69
TABLE 5 COUNTRY-WISE PERCENTAGE DEVIATION ACROSS THE MANUFACTURING AND SERVICE SECTORS FROM BENCHMARKS DUE TO COVID-19 70
5.3 PORTER’S FIVE FORCES ANALYSIS 71
FIGURE 23 PORTER’S FIVE FORCES ANALYSIS OF PHASE CHANGE MATERIAL MARKET 71
TABLE 6 PHASE CHANGE MATERIAL MARKET: PORTER’S FIVE FORCES ANALYSIS 71
5.3.1 THREAT OF SUBSTITUTES 72
5.3.2 THREAT OF NEW ENTRANTS 72
5.3.3 BARGAINING POWER OF SUPPLIERS 72
5.3.4 BARGAINING POWER OF BUYERS 72
5.3.5 INTENSITY OF COMPETITIVE RIVALRY 73
5.4 TECHNOLOGY ANALYSIS 73
5.4.1 ACTIVE COOLING--BASED BATTERY THERMAL MANAGEMENT USING COMPOSITE PHASE CHANGE MATERIALS 73
5.4.2 NANOSCALE SWITCHING 73
5.5 MACROECONOMIC INDICATORS 74
5.5.1 GDP TRENDS AND FORECAST OF MAJOR ECONOMIES 74
TABLE 7 GDP TRENDS AND FORECAST, BY MAJOR ECONOMIES,
2018–2026 (USD BILLION) 74
5.6 COVID-19 IMPACT 74
5.6.1 INTRODUCTION 74
5.6.2 COVID-19 HEALTH ASSESSMENT 75
FIGURE 24 COUNTRY-WISE SPREAD OF COVID-19 75
5.6.3 COVID-19 ECONOMIC ASSESSMENT 76
FIGURE 25 REVISED GDP FORECASTS FOR SELECT G20 COUNTRIES IN 2021 76
5.6.3.1 COVID-19 Impact on the Economy—Scenario Assessment 76
FIGURE 26 FACTORS IMPACTING THE GLOBAL ECONOMY 77
5.7 IMPACT OF COVID-19: CUSTOMER ANALYSIS 77
6 INDUSTRY TRENDS 78
6.1 SUPPLY CHAIN ANALYSIS 78
FIGURE 27 PHASE CHANGE MATERIALS: SUPPLY CHAIN 78
6.1.1 RAW MATERIAL 78
6.1.2 MANUFACTURING OF PHASE CHANGE MATERIAL 79
6.1.3 DISTRIBUTION TO END USERS 79
6.1.4 APPLICATION 79
6.2 TRENDS/DISRUPTIONS IMPACTING CUSTOMER’S BUSINESS 80
6.2.1 REVENUE SHIFTS & REVENUE POCKETS FOR PHASE CHANGE MATERIAL MARKET 80
FIGURE 28 REVENUE SHIFT FOR PHASE CHANGE MATERIALS MARKET 80
6.3 CONNECTED MARKETS: ECOSYSTEM 80
TABLE 8 PHASE CHANGE MATERIAL MARKET: SUPPLY CHAIN 81
FIGURE 29 PHASE CHANGE MATERIAL MARKET: ECOSYSTEM 82
6.4 CASE STUDY ANALYSIS 82
6.4.1 A CASE STUDY ON HEATVENTORS SERVER COOLING USING CRODATHERM 82
6.4.2 A CASE STUDY ON COLD CHAIN LOGISTICS 82
6.5 TRADE ANALYSIS 83
6.5.1 IMPORT SCENARIO OF PHASE CHANGE MATERIAL 83
FIGURE 30 PHASE CHANGE MATERIALS IMPORTS, BY KEY COUNTRY, 2016-2020 83
TABLE 9 PHASE CHANGE MATERIAL IMPORTS, BY REGION, 2016-2020 (USD BILLION) 83
6.5.2 EXPORT SCENARIO OF PHASE CHANGE MATERIAL 84
FIGURE 31 PHASE CHANGE MATERIALS EXPORTS, BY KEY COUNTRY, 2016- 2020 84
TABLE 10 PHASE CHANGE MATERIAL EXPORTS, BY REGION, 2016-2020 (USD BILLION) 84
6.6 AVERAGE SELLING PRICE 85
FIGURE 32 AVERAGE SELLING PRICE OF PHASE CHANGE MATERIAL,
BY REGION (USD/KG) 85
TABLE 11 AVERAGE SELLING PRICE OF PHASE CHANGE MATERIAL,
BY REGION (USD/KG) 85
6.7 PHASE CHANGE MATERIAL MARKET: REALISTIC, PESSIMISTIC, OPTIMISTIC, AND NON-COVID-19 SCENARIO 86
FIGURE 33 MARKET SIZE UNDER REALISTIC, PESSIMISTIC, OPTIMISTIC, AND
NON-COVID-19 SCENARIO 86
TABLE 12 PHASE CHANGE MATERIAL MARKET: MARKET FORECAST SCENARIO,
2019-2026 (USD MILLION) 86
6.7.1 NON-COVID-19 SCENARIO 86
6.7.2 OPTIMISTIC SCENARIO 86
6.7.3 PESSIMISTIC SCENARIO 87
6.7.4 REALISTIC SCENARIO 87
6.8 REGULATORY LANDSCAPE 87
6.8.1 REGULATIONS RELATED TO PHASE CHANGE MATERIAL MARKET 87
6.9 PATENT ANALYSIS 88
6.9.1 APPROACH 88
6.9.2 DOCUMENT TYPE 88
TABLE 13 GRANTED PATENTS ACCOUNT FOR 16 % OF ALL PATENTS IN LAST 10 YEARS 88
FIGURE 34 PATENTS REGISTERED FOR PHASE CHANGE MATERIAL, 2010–2020 89
FIGURE 35 PATENTS PUBLICATION TRENDS FOR PHASE CHANGE MATERIAL,
2010–2020 89
FIGURE 36 LEGAL STATUS OF PATENTS 90
6.9.3 JURISDICTION ANALYSIS 90
FIGURE 37 MAXIMUM PATENTS FILED BY COMPANIES IN CHINA 90
6.9.4 TOP APPLICANTS 91
FIGURE 38 IBM REGISTERED MAXIMUM NUMBER OF PATENTS FROM 2010 TO 2020 91
TABLE 14 LIST OF PATENTS BY IBM 91
TABLE 15 LIST OF PATENTS BY MICRON TECHNOLOGY INC. 92
TABLE 16 LIST OF PATENTS BY COMMISSARIAT ENERGIE ATOMIQUE 93
TABLE 17 TOP 10 PATENT OWNERS IN US, 2010–2020 93
7 PHASE CHANGE MATERIAL MARKET, BY TYPE 95
7.1 INTRODUCTION 96
FIGURE 39 THE INORGANIC SEGMENT PROJECTED TO DOMINATE THE PHASE CHANGE MATERIAL MARKET FROM 2021 TO 2026 96
TABLE 18 COMPARATIVE ANALYSIS OF DIFFERENT TYPES OF PHASE CHANGE MATERIAL 97
TABLE 19 PHASE CHANGE MATERIAL TYPE, BY APPLICATION 97
TABLE 20 PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 98
TABLE 21 PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2020–2026 (USD MILLION) 98
TABLE 22 PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2016–2019 (TON) 98
TABLE 23 PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2020–2026 (TON) 98
7.2 INORGANIC PCM 99
7.2.1 THE INFLAMMABLE NATURE OF INORGANIC PCMS TO DRIVE THE DEMAND DURING THE FORECAST PERIOD 99
TABLE 24 LIST OF INORGANIC PCM MATERIALS ALONG WITH THEIR PROPERTIES 99
FIGURE 40 EUROPE PROJECTED TO BE THE LARGEST INORGANIC PCM MARKET DURING THE FORECAST PERIOD 101
TABLE 25 INORGANIC PHASE CHANGE MATERIAL MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 101
TABLE 26 INORGANIC PHASE CHANGE MATERIAL MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 101
TABLE 27 INORGANIC PHASE CHANGE MATERIAL MARKET SIZE, BY REGION,
2016–2019 (TON) 102
TABLE 28 INORGANIC PHASE CHANGE MATERIAL MARKET SIZE, BY REGION,
2020–2026 (TON) 102
7.3 ORGANIC PCM 102
7.3.1 PARAFFIN ARE THE MOST WIDELY USED ORGANIC PCMS 102
7.3.2 BIO-BASED PCM 102
FIGURE 41 NORTH AMERICA IS PROJECTED TO BE THE FASTEST-GROWING ORGANIC PCM MARKET FROM 2021 TO 2026 103
TABLE 29 ORGANIC PHASE CHANGE MATERIAL MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 103
TABLE 30 ORGANIC PHASE CHANGE MATERIAL MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 104
TABLE 31 ORGANIC PHASE CHANGE MATERIAL MARKET SIZE, BY REGION,
2016–2019 (TON) 104
TABLE 32 ORGANIC PHASE CHANGE MATERIAL MARKET SIZE, BY REGION,
2020–2026 (TON) 104
TABLE 33 ORGANIC PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 105
TABLE 34 ORGANIC PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2020–2026 (USD MILLION) 105
TABLE 35 ORGANIC PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2016–2019 (TON) 105
TABLE 36 ORGANIC PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2020–2026 (TON) 105
TABLE 37 LIST OF NON-PARAFFIN BASED ORGANIC PCM MATERIALS ALONG WITH THEIR PROPERTIES 106
TABLE 38 LIST OF PARAFFIN BASED ORGANIC PCM MATERIALS ALONG WITH THEIR PROPERTIES 106
8 PHASE CHANGE MATERIAL MARKET, BY APPLICATION 108
8.1 INTRODUCTION 109
FIGURE 42 COLD CHAIN & PACKAGING TO BE THE FASTEST-GROWING APPLICATION DURING THE FORECAST PERIOD 109
TABLE 39 PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 110
TABLE 40 PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION,
2020–2026 (USD MILLION) 110
TABLE 41 PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION,
2016–2019 (TON) 111
TABLE 42 PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION,
2020–2026 (TON) 111
8.2 COLD CHAIN & PACKAGING 111
8.2.1 THE NEED TO TRANSPORT TEMPERATURE-SENSITIVE GOODS TO DRIVE DEMAND FOR PHASE CHANGE MATERIAL 111
FIGURE 43 EUROPE PROJECTED TO BE THE LARGEST PHASE CHANGE MATERIAL MARKET IN THE COLD CHAIN & PACKAGING FROM 2021 TO 2026 112
TABLE 43 PHASE CHANGE MATERIAL MARKET SIZE IN COLD CHAIN & PACKAGING APPLICATION, BY REGION, 2016–2019 (USD MILLION) 112
TABLE 44 PHASE CHANGE MATERIAL MARKET SIZE IN COLD CHAIN & PACKAGING APPLICATION, BY REGION, 2020–2026 (USD MILLION) 113
TABLE 45 PHASE CHANGE MATERIAL MARKET SIZE IN THE COLD CHAIN & PACKAGING APPLICATION, BY REGION, 2016–2019 (TON) 113
TABLE 46 PHASE CHANGE MATERIAL MARKET SIZE IN THE COLD CHAIN & PACKAGING APPLICATION, BY REGION, 2020–2026 (TON) 113
8.3 BUILDING & CONSTRUCTION 114
8.3.1 THE NEED FOR TEMPERATURE CONTROL IN BUILDING & CONSTRUCTION TO DRIVE DEMAND FOR PHASE CHANGE MATERIALS 114
FIGURE 44 NORTH AMERICA IS PROJECTED TO BE THE FASTEST-GROWING PCM MARKET IN THE BUILDING & CONSTRUCTION FROM 2021 TO 2026 114
TABLE 47 PHASE CHANGE MATERIAL MARKET SIZE IN BUILDING & CONSTRUCTION APPLICATION, BY REGION, 2016–2019 (USD MILLION) 114
TABLE 48 PHASE CHANGE MATERIAL MARKET SIZE IN BUILDING & CONSTRUCTION APPLICATION, BY REGION, 2020–2026 (USD MILLION) 115
TABLE 49 PHASE CHANGE MATERIAL MARKET SIZE IN THE BUILDING & CONSTRUCTION APPLICATION, BY REGION, 2016–2019 (TON) 115
TABLE 50 PHASE CHANGE MATERIAL MARKET SIZE IN THE BUILDING & CONSTRUCTION APPLICATION, BY REGION, 2020–2026 (TON) 116
8.4 HVAC 116
8.4.1 THE NEED FOR INTELLIGENT HEATING AND COOLING SYSTEMS TO DRIVE THE DEMAND FOR PHASE CHANGE MATERIAL 116
FIGURE 45 FUNCTION OF PHASE CHANGE MATERIAL IN REDUCING PEAK LOAD 117
FIGURE 46 EUROPE PROJECTED TO BE THE LARGEST MARKET FOR PHASE CHANGE MATERIAL IN THE HVAC APPLICATION FROM 2021 TO 2026 117
TABLE 51 PHASE CHANGE MATERIAL MARKET SIZE IN HVAC APPLICATION, BY REGION, 2016–2019 (USD MILLION) 117
TABLE 52 PHASE CHANGE MATERIAL MARKET SIZE IN HVAC APPLICATION, BY REGION, 2020–2026 (USD MILLION) 118
TABLE 53 PHASE CHANGE MATERIAL MARKET SIZE IN HVAC APPLICATION, BY REGION, 2016–2019 (TON) 118
TABLE 54 PHASE CHANGE MATERIAL MARKET SIZE IN HVAC APPLICATION, BY REGION, 2020–2026 (TON) 118
8.5 THERMAL ENERGY STORAGE (TES) 119
8.5.1 THE USE OF PHASE CHANGE MATERIAL FOR STORING RENEWABLE ENERGY TO DRIVE DEMAND IN THE TES APPLICATION 119
8.5.2 BOILER/ POWER PLANT 119
8.5.3 SOLAR ENERGY STORAGE 119
TABLE 55 COMMERCIALLY AVAILABLE PHASE CHANGE MATERIALS FOR SOLAR ENERGY STORAGE 120
8.5.4 GEOTHERMAL ENERGY STORAGE 120
FIGURE 47 NORTH AMERICA PROJECTED TO BE THE SECOND-LARGEST MARKET FOR PHASE CHANGE MATERIAL IN THE THERMAL ENERGY STORAGE APPLICATION FROM 2021 TO 2026 121
TABLE 56 PHASE CHANGE MATERIAL MARKET SIZE IN THERMAL ENERGY STORAGE APPLICATION, BY REGION, 2016–2019 (USD MILLION) 121
TABLE 57 PHASE CHANGE MATERIAL MARKET SIZE IN THERMAL ENERGY STORAGE APPLICATION, BY REGION, 2020–2026 (USD MILLION) 121
TABLE 58 PHASE CHANGE MATERIAL MARKET SIZE IN THERMAL ENERGY STORAGE APPLICATION, BY REGION, 2016–2019 (TON) 122
TABLE 59 PHASE CHANGE MATERIAL MARKET SIZE IN THERMAL ENERGY STORAGE APPLICATION, BY REGION, 2020–2026 (TON) 122
8.6 REFRIGERATION & EQUIPMENT 122
8.6.1 THE INCREASING USE OF CHILLERS, PASSIVE SHIPPERS, AND ACTIVE COMPRESSOR UNITS TO DRIVE THE DEMAND FOR PHASE CHANGE MATERIALS 122
8.6.2 FIXED REFRIGERATION 122
FIGURE 48 EUROPE TO BE THE LARGEST MARKET FOR PHASE CHANGE MATERIAL IN THE REFRIGERATION & EQUIPMENT APPLICATION FROM 2021 TO 2026 123
TABLE 60 PHASE CHANGE MATERIAL MARKET SIZE IN THE REFRIGERATION & EQUIPMENT APPLICATION, BY REGION, 2016–2019 (USD MILLION) 123
TABLE 61 PHASE CHANGE MATERIAL MARKET SIZE IN THE REFRIGERATION & EQUIPMENT APPLICATION, BY REGION, 2020–2026 (USD MILLION) 124
TABLE 62 PHASE CHANGE MATERIAL MARKET SIZE IN THE REFRIGERATION & EQUIPMENT APPLICATION, BY REGION, 2016–2019 (TON) 124
TABLE 63 PHASE CHANGE MATERIAL MARKET SIZE IN THE REFRIGERATION & EQUIPMENT APPLICATION, BY REGION, 2020–2026 (TON) 125
8.7 TEXTILES 125
8.7.1 THE DEMAND FOR PHASE CHANGE MATERIALS IN TEXTILES IS INCREASING OWING TO THE NEED FOR THERMO-PHYSICAL COMFORT 125
8.7.2 INCORPORATION OF PHASE CHANGE MATERIAL IN TEXTILES 125
FIGURE 49 ASIA PACIFIC PROJECTED TO BE THE FASTEST-GROWING MARKET FOR PHASE CHANGE MATERIAL IN THE TEXTILE APPLICATION FROM 2021 TO 2026 126
TABLE 64 PHASE CHANGE MATERIAL MARKET SIZE IN TEXTILE APPLICATION,
BY REGION, 2016–2019 (USD MILLION) 126
TABLE 65 PHASE CHANGE MATERIAL MARKET SIZE IN TEXTILE APPLICATION,
BY REGION, 2020–2026 (USD MILLION) 126
TABLE 66 PHASE CHANGE MATERIAL MARKET SIZE IN THE TEXTILE APPLICATION,
BY REGION, 2016–2019 (TON) 127
TABLE 67 PHASE CHANGE MATERIAL MARKET SIZE IN THE TEXTILE APPLICATION,
BY REGION, 2020–2026 (TON) 127
8.8 ELECTRONICS 127
8.8.1 THE USE OF PHASE CHANGE MATERIALS FOR THERMAL MANAGEMENT IN ELECTRONIC ITEMS TO DRIVE DEMAND 127
8.8.2 PHASE CHANGE MEMORY (PCRAM) 128
TABLE 68 COMPARATIVE ANALYSIS: DIFFERENT MEMORY TYPES 128
8.8.3 THERMAL INTERFACE MATERIAL (TIM) 128
FIGURE 50 NORTH AMERICA PROJECTED TO BE THE FASTEST-GROWING MARKET FOR PHASE CHANGE MATERIAL IN THE ELECTRONICS APPLICATION
FROM 2021 TO 2026 129
TABLE 69 PHASE CHANGE MATERIAL MARKET SIZE IN THE ELECTRONICS APPLICATION, BY REGION, 2016–2019 (USD MILLION) 129
TABLE 70 PHASE CHANGE MATERIAL MARKET SIZE IN THE ELECTRONICS APPLICATION, BY REGION, 2020–2026 (USD MILLION) 129
TABLE 71 PHASE CHANGE MATERIAL MARKET SIZE IN THE ELECTRONICS APPLICATION, BY REGION, 2016–2019 (TON) 130
TABLE 72 PHASE CHANGE MATERIAL MARKET SIZE IN THE ELECTRONICS APPLICATION, BY REGION, 2020–2026 (TON) 130
8.9 OTHERS 130
8.9.1 AUTOMOTIVE 131
8.9.2 HEALTHCARE 131
8.9.3 TELECOMMUNICATION 131
FIGURE 51 EUROPE IS PROJECTED TO BE THE LARGEST MARKET IN OTHER APPLICATIONS OF PHASE CHANGE MATERIAL FROM 2021 TO 2026 132
TABLE 73 PHASE CHANGE MATERIAL MARKET SIZE IN THE OTHER APPLICATIONS,
BY REGION, 2016–2019 (USD MILLION) 132
TABLE 74 PHASE CHANGE MATERIAL MARKET SIZE IN THE OTHER APPLICATIONS,
BY REGION, 2020–2026 (USD MILLION) 132
TABLE 75 PHASE CHANGE MATERIAL MARKET SIZE IN THE OTHER APPLICATIONS,
BY REGION, 2016–2019 (TON) 133
TABLE 76 PHASE CHANGE MATERIAL MARKET SIZE IN THE OTHER APPLICATIONS,
BY REGION, 2020–2026 (TON) 133
9 PHASE CHANGE MATERIAL MARKET, BY REGION 134
9.1 INTRODUCTION 135
FIGURE 52 NORTH AMERICA PROJECTED TO BE THE FASTEST-GROWING MARKET DURING THE FORECAST PERIOD 135
TABLE 77 PHASE CHANGE MATERIAL MARKET SIZE, BY REGION,
2016–2019 (USD MILLION) 135
TABLE 78 PHASE CHANGE MATERIAL MARKET SIZE, BY REGION,
2020–2026 (USD MILLION) 136
TABLE 79 PHASE CHANGE MATERIAL MARKET SIZE, BY REGION, 2016–2019 (TON) 136
TABLE 80 PHASE CHANGE MATERIAL MARKET SIZE, BY REGION,
2020–2026 (TON) 136
9.2 EUROPE 137
FIGURE 53 EUROPEAN PHASE CHANGE MATERIAL MARKET SNAPSHOT: UK TO GROW AT THE HIGHEST CAGR FROM 2021 TO 2026 137
9.2.1 EUROPE PHASE CHANGE MATERIAL MARKET, BY TYPE 138
TABLE 81 EUROPE: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 138
TABLE 82 EUROPE: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2020–2026 (USD MILLION) 138
TABLE 83 EUROPE: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2016–2019 (TON) 138
TABLE 84 EUROPE: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2020–2026 (TON) 138
9.2.2 EUROPE PHASE CHANGE MATERIAL MARKET, BY APPLICATION 139
TABLE 85 EUROPE: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 139
TABLE 86 EUROPE: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION,
2020–2026 (USD MILLION) 139
TABLE 87 EUROPE: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION,
2016–2019 (TON) 140
TABLE 88 EUROPE: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION,
2020–2026 (TON) 140
9.2.3 EUROPE PHASE CHANGE MATERIAL MARKET, BY COUNTRY 140
TABLE 89 EUROPE: PHASE CHANGE MATERIAL MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION) 140
TABLE 90 EUROPE: PHASE CHANGE MATERIAL MARKET SIZE, BY COUNTRY,
2020–2026 (USD MILLION) 141
TABLE 91 EUROPE: PHASE CHANGE MATERIAL MARKET SIZE, BY COUNTRY,
2016–2019 (TON) 141
TABLE 92 EUROPE: PHASE CHANGE MATERIAL MARKET SIZE, BY COUNTRY,
2020–2026 (TON) 142
9.2.3.1 Germany 142
9.2.3.1.1 Energy Conservation Ordinance to drive the demand for phase change materials in Germany 142
TABLE 93 GERMANY: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 142
TABLE 94 GERMANY: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2020–2026 (USD MILLION) 142
TABLE 95 GERMANY: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2016–2019 (TON) 143
TABLE 96 GERMANY: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2020–2026 (TON) 143
TABLE 97 GERMANY: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION) 143
TABLE 98 GERMANY: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION) 144
TABLE 99 GERMANY: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION, 2016–2019 (TON) 144
TABLE 100 GERMANY: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION, 2020–2026 (TON) 145
9.2.3.2 UK 145
9.2.3.2.1 Prevalence of cold temperature to drive the phase change material market 145
TABLE 101 UK: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 145
TABLE 102 UK: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2020–2026 (USD MILLION) 145
TABLE 103 UK: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2016–2019 (TON) 146
TABLE 104 UK: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2020–2026 (TON) 146
TABLE 105 UK: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 146
TABLE 106 UK: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION,
2020–2026 (USD MILLION) 147
TABLE 107 UK: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION,
2016–2019 (TON) 147
TABLE 108 UK: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION,
2020–2026 (TON) 148
9.2.3.3 France 148
9.2.3.3.1 Energy Efficiency Certificates expected to drive the market for phase change material in building & construction application 148
TABLE 109 FRANCE: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 148
TABLE 110 FRANCE: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2020–2026 (USD MILLION) 149
TABLE 111 FRANCE: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2016–2019 (TON) 149
TABLE 112 FRANCE: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2020–2026 (TON) 149
TABLE 113 FRANCE: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 150
TABLE 114 FRANCE: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION,
2020–2026 (USD MILLION) 150
TABLE 115 FRANCE: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION,
2016–2019 (TON) 151
TABLE 116 FRANCE: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION,
2020–2026 (TON) 151
9.2.3.4 The Netherlands 151
9.2.3.4.1 Stringent building codes in the country to drive demand for phase change materials 151
TABLE 117 THE NETHERLANDS: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION) 152
TABLE 118 THE NETHERLANDS: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION) 152
TABLE 119 THE NETHERLANDS: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2016–2019 (TON) 152
TABLE 120 THE NETHERLANDS: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2020–2026 (TON) 153
TABLE 121 THE NETHERLANDS: PHASE CHANGE MATERIAL MARKET SIZE,
BY APPLICATION, 2016–2019 (USD MILLION) 153
TABLE 122 THE NETHERLANDS: PHASE CHANGE MATERIAL MARKET SIZE,
BY APPLICATION, 2020–2026 (USD MILLION) 153
TABLE 123 THE NETHERLANDS: PHASE CHANGE MATERIAL MARKET SIZE,
BY APPLICATION, 2016–2019 (TON) 154
TABLE 124 THE NETHERLANDS: PHASE CHANGE MATERIAL MARKET SIZE,
BY APPLICATION, 2020–2026 (TON) 154
9.3 NORTH AMERICA 155
FIGURE 54 NORTH AMERICAN PHASE CHANGE MATERIAL MARKET SNAPSHOT: US PROJECTED TO GROW AT A HIGH CAGR DURING THE FORECAST PERIOD 155
9.3.1 NORTH AMERICA PHASE CHANGE MATERIALS MARKET, BY TYPE 156
TABLE 125 NORTH AMERICA: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 156
TABLE 126 NORTH AMERICA: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2020–2026 (USD MILLION) 156
TABLE 127 NORTH AMERICA: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2016–2019 (TON) 156
TABLE 128 NORTH AMERICA: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2020–2026 (TON) 156
9.3.2 NORTH AMERICA PHASE CHANGE MATERIALS MARKET, BY APPLICATION 157
TABLE 129 NORTH AMERICA: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION) 157
TABLE 130 NORTH AMERICA: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION) 157
TABLE 131 NORTH AMERICA: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION, 2016–2019 (TON) 158
TABLE 132 NORTH AMERICA: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION, 2020–2026 (TON) 158
9.3.3 NORTH AMERICA PHASE CHANGE MATERIALS MARKET, BY COUNTRY 158
TABLE 133 NORTH AMERICA: PHASE CHANGE MATERIAL MARKET SIZE, BY COUNTRY, 2016–2019 (USD MILLION) 158
TABLE 134 NORTH AMERICA: PHASE CHANGE MATERIAL MARKET SIZE, BY COUNTRY, 2020–2026 (USD MILLION) 159
TABLE 135 NORTH AMERICA: PHASE CHANGE MATERIAL MARKET SIZE, BY COUNTRY, 2016–2019 (TON) 159
TABLE 136 NORTH AMERICA: PHASE CHANGE MATERIAL MARKET SIZE, BY COUNTRY, 2020–2026 (TON) 159
9.3.3.1 US 160
9.3.3.1.1 The presence of major manufacturers and rising awareness regarding the use of phase change materials to drive demand in the US 160
TABLE 137 US: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 160
TABLE 138 US: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2020–2026 (USD MILLION) 160
TABLE 139 US: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2016–2019 (TON) 161
TABLE 140 US: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2020–2026 (TON) 161
TABLE 141 US: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 161
TABLE 142 US: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION,
2020–2026 (USD MILLION) 162
TABLE 143 US: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION,
2016–2019 (TON) 162
TABLE 144 US: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION,
2020–2026 (TON) 163
9.4 ASIA PACIFIC 163
FIGURE 55 ASIA PACIFIC PHASE CHANGE MATERIAL MARKET SNAPSHOT: CHINA PROJECTED TO WITNESS SIGNIFICANT GROWTH DURING THE FORECAST PERIOD 164
9.4.1 ASIA PACIFIC PHASE CHANGE MATERIALS MARKET, BY TYPE 164
TABLE 145 ASIA PACIFIC: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 164
TABLE 146 ASIA PACIFIC: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2020–2026 (USD MILLION) 165
TABLE 147 ASIA PACIFIC: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2016–2019 (TON) 165
TABLE 148 ASIA PACIFIC: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2020–2026 (TON) 165
9.4.2 ASIA PACIFIC PHASE CHANGE MATERIALS MARKET, BY APPLICATION 166
TABLE 149 ASIA PACIFIC: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION) 166
TABLE 150 ASIA PACIFIC: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION) 166
TABLE 151 ASIA PACIFIC: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION, 2016–2019 (TON) 167
TABLE 152 ASIA PACIFIC: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION, 2020–2026 (TON) 167
9.4.3 ASIA PACIFIC PHASE CHANGE MATERIALS MARKET, BY COUNTRY 168
TABLE 153 ASIA PACIFIC: PHASE CHANGE MATERIAL MARKET SIZE, BY COUNTRY,
2016–2019 (USD MILLION) 168
TABLE 154 ASIA PACIFIC: PHASE CHANGE MATERIAL MARKET SIZE, BY COUNTRY,
2020–2026 (USD MILLION) 168
TABLE 155 ASIA PACIFIC: PHASE CHANGE MATERIAL MARKET SIZE, BY COUNTRY,
2016–2019 (TON) 169
TABLE 156 ASIA PACIFIC: PHASE CHANGE MATERIAL MARKET SIZE, BY COUNTRY,
2020–2026 (TON) 169
9.4.3.1 China 169
9.4.3.1.1 Increase in awareness about phase change material to drive demand 169
TABLE 157 CHINA: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 170
TABLE 158 CHINA: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2020–2026 (USD MILLION) 170
TABLE 159 CHINA: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2016–2019 (TON) 170
TABLE 160 CHINA: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2020–2026 (TON) 170
TABLE 161 CHINA: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 171
TABLE 162 CHINA: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION,
2020–2026 (USD MILLION) 171
TABLE 163 CHINA: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION,
2016–2019 (TON) 172
TABLE 164 CHINA: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION,
2020–2026 (TON) 172
9.4.3.2 India 173
9.4.3.2.1 Rise in the demand for renewable energy offers a significant opportunity for the growth of the phase change material market 173
TABLE 165 INDIA: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 173
TABLE 166 INDIA: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2020–2026 (USD MILLION) 173
TABLE 167 INDIA: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2016–2019 (TON) 174
TABLE 168 INDIA: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2020–2026 (TON) 174
TABLE 169 INDIA: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION,
2016–2019 (USD MILLION) 174
TABLE 170 INDIA: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION,
2020–2026 (USD MILLION) 175
TABLE 171 INDIA: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION,
2016–2019 (TON) 175
TABLE 172 INDIA: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION,
2020–2026 (TON) 176
9.4.3.3 Australia 176
9.4.3.3.1 Increase in renewable energy consumption and stringent building codes to drive the demand for phase change materials 176
TABLE 173 AUSTRALIA: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 176
TABLE 174 AUSTRALIA: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2020–2026 (USD MILLION) 177
TABLE 175 AUSTRALIA: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2016–2019 (TON) 177
TABLE 176 AUSTRALIA: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2020–2026 (TON) 177
TABLE 177 AUSTRALIA: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION) 178
TABLE 178 AUSTRALIA: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION) 178
TABLE 179 AUSTRALIA: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION, 2016–2019 (TON) 179
TABLE 180 AUSTRALIA: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION, 2020–2026 (TON) 179
9.4.3.4 Singapore 179
9.4.3.4.1 A highly developed healthcare sector in the country is expected to drive the demand for phase change materials 179
TABLE 181 SINGAPORE: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2016–2019 (USD MILLION) 180
TABLE 182 SINGAPORE: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2020–2026 (USD MILLION) 180
TABLE 183 SINGAPORE: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2016–2019 (TON) 180
TABLE 184 SINGAPORE: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE,
2020–2026 (TON) 181
TABLE 185 SINGAPORE: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION, 2016–2019 (USD MILLION) 181
TABLE 186 SINGAPORE: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION, 2020–2026 (USD MILLION) 181
TABLE 187 SINGAPORE: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION, 2016–2019 (TON) 182
TABLE 188 SINGAPORE: PHASE CHANGE MATERIAL MARKET SIZE, BY APPLICATION, 2020–2026 (TON) 182
9.5 REST OF THE WORLD 183
9.5.1 REST OF THE WORLD PHASE CHANGE MATERIALS MARKET, BY TYPE 183
TABLE 189 REST OF THE WORLD: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2016–2019 (USD MILLION) 183
TABLE 190 REST OF THE WORLD: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2020–2026 (USD MILLION) 183
TABLE 191 REST OF THE WORLD: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2016–2019 (TON) 184
TABLE 192 REST OF THE WORLD: PHASE CHANGE MATERIAL MARKET SIZE, BY TYPE, 2020–2026 (TON) 184
9.5.2 REST OF THE WORLD PHASE CHANGE MATERIALS MARKET, BY APPLICATION 184
TABLE 193 REST OF THE WORLD: PHASE CHANGE MATERIAL MARKET SIZE,
BY APPLICATION, 2016–2019 (USD MILLION) 184
TABLE 194 REST OF THE WORLD: PHASE CHANGE MATERIAL MARKET SIZE,
BY APPLICATION, 2020–2026 (USD MILLION) 185
TABLE 195 REST OF THE WORLD: PHASE CHANGE MATERIAL MARKET SIZE,
BY APPLICATION, 2016–2019 (TON) 185
TABLE 196 REST OF THE WORLD: PHASE CHANGE MATERIAL MARKET SIZE,
BY APPLICATION, 2020–2026 (TON) 186"
"10 COMPETITIVE LANDSCAPE 187
10.1 INTRODUCTION 187
10.2 STRATEGIES ADOPTED BY KEY PLAYERS 187
10.2.1 OVERVIEW OF STRATEGIES ADOPTED BY KEY PHASE CHANGE MATERIAL MANUFACTURERS 187
10.3 MARKET SHARE ANALYSIS 189
10.3.1 RANKING OF KEY MARKET PLAYERS, 2020 189
FIGURE 56 RANKING OF TOP THREE PLAYERS IN THE PHASE CHANGE MATERIAL MARKET, 2020 189
10.3.2 MARKET SHARE OF KEY PLAYERS 189
TABLE 197 PHASE CHANGE MATERIAL MARKET: DEGREE OF COMPETITION 190
FIGURE 57 PURETEMP LLC IS THE LEADING PLAYER IN THE PHASE CHANGE
MATERIAL MARKET IN 2020 190
10.3.2.1 PureTemp LLC 190
10.3.2.2 Climator Sweden AB 191
10.3.2.3 Croda International Plc. 191
10.3.3 REVENUE ANALYSIS OF TOP THREE PLAYERS 191
FIGURE 58 REVENUE ANALYSIS OF KEY COMPANIES IN THE PAST 5 YEARS 191
10.4 COMPANY PRODUCT FOOTPRINT ANALYSIS 192
FIGURE 59 PHASE CHANGE MATERIAL MARKET: COMPANY FOOTPRINT 192
TABLE 198 PHASE CHANGE MATERIAL MARKET: APPLICATION FOOTPRINT 193
TABLE 199 PHASE CHANGE MATERIAL MARKET: TYPE FOOTPRINT 194
TABLE 200 PHASE CHANGE MARKET: COMPANY REGION FOOTPRINT 195
10.5 COMPANY EVALUATION QUADRANT (TIER 1) 197
10.5.1 STARS 197
10.5.2 EMERGING LEADERS 197
10.5.3 PARTICIPANT 197
FIGURE 60 COMPANY EVALUATION QUADRANT FOR PHASE
CHANGE MATERIAL MARKET (TIER 1) 198
10.6 START-UP/SMES EVALUATION QUADRANT 198
10.6.1 PROGRESSIVE COMPANIES 198
10.6.2 RESPONSIVE COMPANIES 198
10.6.3 STARTING BLOCKS 199
FIGURE 61 START-UP/SMES EVALUATION QUADRANT FOR PHASE
CHANGE MATERIAL MARKET 199
10.7 COMPETITIVE SITUATION AND TRENDS 200
10.7.1 NEW PRODUCT LAUNCHES 200
TABLE 201 PHASE CHANGE MATERIAL MARKET: NEW PRODUCT
LAUNCHES (2018- 2021) 200
10.7.2 DEALS 201
TABLE 202 PHASE CHANGE MATERIAL MARKET: DEALS (2018- 2021) 201
10.7.3 OTHER DEVELOPMENTS 201
TABLE 203 PHASE CHANGE MATERIAL MARKET: EXPANSIONS,
INVESTMENTS, AND INNOVATIONS (2016-2021) 201
11 COMPANY PROFILES 204
(Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
11.1 MAJOR PLAYERS 204
11.1.1 PURETEMP LLC 204
TABLE 204 PURETEMP LLC: BUSINESS OVERVIEW 204
11.1.2 CLIMATOR SWEDEN AB 206
TABLE 205 CLIMATOR SWEDEN AB: COMPANY OVERVIEW 206
11.1.3 CRODA INTERNATIONAL PLC. 208
TABLE 206 CRODA INTERNATIONAL PLC.: COMPANY OVERVIEW 208
FIGURE 62 CRODA INTERNATIONAL PLC.: COMPANY SNAPSHOT 209
11.1.4 SASOL LIMITED 211
TABLE 207 SASOL LIMITED: COMPANY OVERVIEW 211
FIGURE 63 SASOL LIMITED: COMPANY SNAPSHOT 212
11.1.5 RUBITHERM TECHNOLOGIES GMBH 214
TABLE 208 RUBITHERM TECHNOLOGIES GMBH: COMPANY OVERVIEW 214
11.1.6 MICROTEK LABORATORIES INC. 216
TABLE 209 MICROTEK LABORATORIES INC.: COMPANY OVERVIEW 216
11.1.7 PLUSS ADVANCED TECHNOLOGIES PVT. LTD. 218
TABLE 210 PLUSS ADVANCED TECHNOLOGIES PVT. LTD: COMPANY OVERVIEW 218
11.1.8 DUPONT DE NEMOURS, INC. 220
TABLE 211 DUPONT DE NEMOURS, INC.: COMPANY OVERVIEW 220
FIGURE 64 DUPONT DE NEMOURS, INC.: COMPANY SNAPSHOT 221
11.1.9 HONEYWELL ELECTRONIC MATERIALS INC. 223
TABLE 212 HONEYWELL ELECTRONIC MATERIALS INC.: COMPANY OVERVIEW 223
FIGURE 65 HONEYWELL ELECTRONIC MATERIALS INC.: COMPANY SNAPSHOT 224
11.1.10 PHASE CHANGE ENERGY SOLUTIONS 225
TABLE 213 PHASE CHANGE ENERGY SOLUTIONS: COMPANY OVERVIEW 225
11.1.11 COLD CHAIN TECHNOLOGIES 226
TABLE 214 COLD CHAIN TECHNOLOGIES: COMPANY OVERVIEW 226
11.1.12 OUTLAST TECHNOLOGIES LLC 228
TABLE 215 OUTLAST TECHNOLOGIES LLC: COMPANY OVERVIEW 228
11.1.13 HENKEL AG & COMPANY KGAA 229
TABLE 216 HENKEL AG & COMPANY, KGAA: COMPANY OVERVIEW 229
FIGURE 66 HENKEL AG & COMPANY KGAA: COMPANY SNAPSHOT 230
11.1.14 PHASE CHANGE MATERIALS PRODUCTS LTD 232
TABLE 217 PHASE CHANGE MATERIALS PRODUCTS LTD.: COMPANY OVERVIEW 232
11.2 OTHER KEY MARKET PLAYERS 233
11.2.1 ADVANSA B.V. 233
TABLE 218 ADVANSA B.V.: BUSINESS OVERVIEW 233
11.2.2 AI TECHNOLOGY INC. 234
TABLE 219 AI TECHNOLOGY INC.: BUSINESS OVERVIEW 234
11.2.3 BEYOND INDUSTRIES (CHINA) LIMITED 234
TABLE 220 BEYOND INDUSTRIES (CHINA) LIMITED: BUSINESS OVERVIEW 234
11.2.4 BOYD CORPORATION 235
TABLE 221 BOYD CORPORATION: BUSINESS OVERVIEW 235
11.2.5 CIAT GROUP (CRISTOPIA ENERGY SYSTEMS) 235
TABLE 222 CIAT GROUP (CRISTOPIA ENERGY SYSTEMS): BUSINESS OVERVIEW 235
11.2.6 CRYOPAK INDUSTRIES INC. 236
TABLE 223 CRYOPAK INDUSTRIES INC: BUSINESS OVERVIEW 236
11.2.7 DATUM PHASE CHANGE LIMITED 236
TABLE 224 DATUM PHASE CHANGE LIMITED: BUSINESS OVERVIEW 236
11.2.8 GLOBAL-E-SYSTEMS EUROPE BV 237
TABLE 225 GLOBAL-E-SYSTEMS EUROPE BV: BUSINESS OVERVIEW 237
11.2.9 INSOLCORP INC. 237
TABLE 226 INSOLCORP INC: BUSINESS OVERVIEW 237
11.2.10 IOLITEC-IONIC LIQUIDS TECHNOLOGIES GMBH 238
TABLE 227 IOLITEC-IONIC LIQUIDS TECHNOLOGIES GMBH: BUSINESS OVERVIEW 238
11.2.11 KAPLAN ENERGY SAS 238
TABLE 228 KAPLAN ENERGY SAS: BUSINESS OVERVIEW 238
11.2.12 PARKER HANNIFIN CORP. 239
TABLE 229 PARKER HANNIFIN CORP.: BUSINESS OVERVIEW 239
11.2.13 SALCA BV 239
TABLE 230 SALCA BV: BUSINESS OVERVIEW 239
11.2.14 SHENZEN AOCHUAN TECHNOLOGY CO., LTD. 240
TABLE 231 SHENZEN AOUCHUAN TECHNOLOGY CO. LTD.: BUSINESS OVERVIEW 240
11.2.15 SHIN-ETSU CHEMICAL CO., LTD 240
TABLE 232 SHIN-ETSU CHEMICAL CO., LTD: BUSINESS OVERVIEW 240
11.2.16 TEAPPCM 241
TABLE 233 TEAPPCM: BUSINESS OVERVIEW 241
11.2.17 ENCAPSYS LLC 241
TABLE 234 ENCAPSYS LLC: BUSINESS OVERVIEW 241
11.2.18 COOLCOMPOSITE INC. 242
TABLE 235 COOLCOMPOSITE INC.: BUSINESS OVERVIEW 242
*Details on Business Overview, Products Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.
12 ADJACENT & RELATED MARKETS 243
12.1 INTRODUCTION 243
12.2 LIMITATION 243
12.3 THERMAL ENERGY STORAGE MARKET 243
12.3.1 MARKET DEFINITION 243
12.3.2 MARKET OVERVIEW 244
12.4 THERMAL ENERGY STORAGE MARKET, REGION 244
TABLE 236 THERMAL ENERGY STORAGE MARKET, CAPACITY, BY REGION,
2018–2025 (MWH) 244
TABLE 237 THERMAL ENERGY STORAGE MARKET, BY REGION,
2018–2025 (USD THOUSAND) 244
12.4.1 EUROPE 245
12.4.1.1 By country 245
TABLE 238 EUROPE THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY,
2018–2025 (USD THOUSAND) 245
12.4.2 AMERICAS 245
12.4.2.1 By country 245
TABLE 239 AMERICAS: THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY,
2018–2025 (USD THOUSAND) 245
12.4.3 MIDDLE EAST & AFRICA 246
12.4.3.1 By country 246
TABLE 240 MIDDLE EAST & AFRICA: THERMAL ENERGY STORAGE MARKET SIZE,
BY COUNTRY, 2018–2025 (USD THOUSAND) 246
12.4.4 ASIA PACIFIC 246
12.4.4.1 By country 246
TABLE 241 ASIA PACIFIC: THERMAL ENERGY STORAGE MARKET SIZE, BY COUNTRY, 2018–2025 (USD THOUSAND) 246
13 APPENDIX 247
13.1 DISCUSSION GUIDE 247
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS SUBSCRIPTION PORTAL 249
13.3 AVAILABLE CUSTOMIZATIONS 251
13.4 RELATED REPORTS 251
13.5 AUTHOR DETAILS 252"
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