The Asia Pacific Advanced Phase Change Materials Market would witness market growth of 11.2% CAGR during the forecast period (2022-2028).
Advanced phase change material were heavily utilized as thermal mass materials in early studies because of the enormous quantity of energy absorbed during the phase shift (referred to as latent heat) but were later extended for a wide range of uses. Phase shift with possible practical applications has been seen in a wide range of materials, including alloys, ceramics, organics, and developing two-dimensional (2D) materials. These new advanced PCMs, together with their distinctive phase-change features, have advanced understanding of phase transition and enabled a slew of new functional uses in memories, xeromorphic computation, photonics, and actuators, among other areas. Advanced phase change material have elevated the importance of applied physics, materials science, and electrical engineering in recent years as a result of these factors.
The use of phase transition materials for thermal energy storage has sparked a lot of interest in recent years. It has sparked a flurry of research and development activities to create new materials and applications that run on advanced phase change material. The quality of advanced PCM used has a significant impact on the efficiency of new application design.
A growing demand for fuel-efficient and environmentally friendly technology is propelling the advanced phase change materials market forward. These materials have the potential to absorb, store, and release energy during phase change due to their unique structure. These materials can be transformed from liquid to solid or solid to liquid during the energy conversion process, depending on their purpose.
The People's Republic of China (PRC or China) government has adopted many new related policy measures to encourage the growth of its semiconductors and software industries from August 2020. The Announcement on The several Policies that Encourage the High Expansion of the Integrated Circuit Industry and Software Industry in the New Era, issued by China's State Council in August 2020, provides a wide framework. The Chinese government released many implementing measures in March 2021, including requirements that businesses must achieve to be eligible for government favors, as well as trade and tax provisions. The Chinese government is scheduled to release lists containing additional information about individual enterprises, raw materials, technology, projects, and components that will be supported by the government.
The China market dominated the Asia Pacific Advanced Phase Change Materials Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $293 million by 2028. The Japan market is estimated to grow at a CAGR of 10.6% during (2022 - 2028). Additionally, The India market would exhibit a CAGR of 11.9% during (2022 - 2028).
Based on Application, the market is segmented into Building & Construction, Energy Storage, Shipping & Transportation, HVAC, Electronics, Textiles, and Others. Based on Type, the market is segmented into Organic PCM, Inorganic PCM, and Bio-based PCM. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Advanced Phase Change Materials Market is Projected to reach USD 2.8 Billion by 2028, at a CAGR of 10.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include PLUSS Advanced Technologies, BASF SE, Entropy Solutions, Outlast Technologies GmbH, DuPont de Nemours, Inc., Sonoco Products Company, Phase Change Solutions, Cryopak, Microtek Laboratories, Inc., and ADVANSA Marketing GmbH.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Building & Construction
- Energy Storage
- Shipping & Transportation
- HVAC
- Electronics
- Textiles
- Others
By Type
- Organic PCM
- Inorganic PCM
- Bio-based PCM
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- PLUSS Advanced Technologies
- BASF SE
- Entropy Solutions
- Outlast Technologies GmbH
- DuPont de Nemours, Inc.
- Sonoco Products Company
- Phase Change Solutions
- Cryopak
- Microtek Laboratories, Inc.
- ADVANSA Marketing GmbH
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Advanced Phase Change Materials Market, by Application
1.4.2 Asia Pacific Advanced Phase Change Materials Market, by Type
1.4.3 Asia Pacific Advanced Phase Change Materials Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Advanced Phase Change Materials Market by Application
3.1 Asia Pacific Building & Construction Market by Country
3.2 Asia Pacific Energy Storage Market by Country
3.3 Asia Pacific Shipping & Transportation Market by Country
3.4 Asia Pacific HVAC Market by Country
3.5 Asia Pacific Electronics Market by Country
3.6 Asia Pacific Textiles Market by Country
3.7 Asia Pacific Others Market by Country
Chapter 4. Asia Pacific Advanced Phase Change Materials Market by Type
4.1 Asia Pacific Organic PCM Market by Country
4.2 Asia Pacific Inorganic PCM Market by Country
4.3 Asia Pacific Bio-based PCM Market by Country
Chapter 5. Asia Pacific Advanced Phase Change Materials Market by Country
5.1 China Advanced Phase Change Materials Market
5.1.1 China Advanced Phase Change Materials Market by Application
5.1.2 China Advanced Phase Change Materials Market by Type
5.2 Japan Advanced Phase Change Materials Market
5.2.1 Japan Advanced Phase Change Materials Market by Application
5.2.2 Japan Advanced Phase Change Materials Market by Type
5.3 India Advanced Phase Change Materials Market
5.3.1 India Advanced Phase Change Materials Market by Application
5.3.2 India Advanced Phase Change Materials Market by Type
5.4 South Korea Advanced Phase Change Materials Market
5.4.1 South Korea Advanced Phase Change Materials Market by Application
5.4.2 South Korea Advanced Phase Change Materials Market by Type
5.5 Singapore Advanced Phase Change Materials Market
5.5.1 Singapore Advanced Phase Change Materials Market by Application
5.5.2 Singapore Advanced Phase Change Materials Market by Type
5.6 Malaysia Advanced Phase Change Materials Market
5.6.1 Malaysia Advanced Phase Change Materials Market by Application
5.6.2 Malaysia Advanced Phase Change Materials Market by Type
5.7 Rest of Asia Pacific Advanced Phase Change Materials Market
5.7.1 Rest of Asia Pacific Advanced Phase Change Materials Market by Application
5.7.2 Rest of Asia Pacific Advanced Phase Change Materials Market by Type
Chapter 6. Company Profiles
6.1 PLUSS Advanced Technologies
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expenses
6.2 BASF SE
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expense
6.2.5 Recent strategies and developments:
6.2.5.1 Partnerships, Collaborations, and Agreements:
6.3 Entropy Solutions
6.3.1 Company Overview
6.4 Outlast Technologies GmbH
6.4.1 Company Overview
6.4.2 Recent strategies and developments:
6.4.2.1 Product Launches and Product Expansions:
6.5 DuPont de Nemours, Inc.
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Research & Development Expense
6.6 Sonoco Products Company
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expense
6.7 Phase Change Solutions
6.7.1 Company Overview
6.8 Cryopak (Integreon Global)
6.8.1 Company Overview
6.9 Microtek Laboratories, Inc.
6.9.1 Company Overview
6.10. ADVANSA Marketing GmbH
6.10.1 Company Overview
6.10.2 Recent strategies and developments:
6.10.2.1 Product Launches and Product Expansions:
TABLE 1 Asia Pacific Advanced Phase Change Materials Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Advanced Phase Change Materials Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Advanced Phase Change Materials Market by Application, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Advanced Phase Change Materials Market by Application, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Building & Construction Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Building & Construction Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Energy Storage Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Energy Storage Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Shipping & Transportation Market by Country, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Shipping & Transportation Market by Country, 2022 - 2028, USD Million
TABLE 11 Asia Pacific HVAC Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific HVAC Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Electronics Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Electronics Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Textiles Market by Country, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Textiles Market by Country, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Advanced Phase Change Materials Market by Type, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Advanced Phase Change Materials Market by Type, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Organic PCM Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Organic PCM Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Inorganic PCM Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Inorganic PCM Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Bio-based PCM Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Bio-based PCM Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Advanced Phase Change Materials Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Advanced Phase Change Materials Market by Country, 2022 - 2028, USD Million
TABLE 29 China Advanced Phase Change Materials Market, 2018 - 2021, USD Million
TABLE 30 China Advanced Phase Change Materials Market, 2022 - 2028, USD Million
TABLE 31 China Advanced Phase Change Materials Market by Application, 2018 - 2021, USD Million
TABLE 32 China Advanced Phase Change Materials Market by Application, 2022 - 2028, USD Million
TABLE 33 China Advanced Phase Change Materials Market by Type, 2018 - 2021, USD Million
TABLE 34 China Advanced Phase Change Materials Market by Type, 2022 - 2028, USD Million
TABLE 35 Japan Advanced Phase Change Materials Market, 2018 - 2021, USD Million
TABLE 36 Japan Advanced Phase Change Materials Market, 2022 - 2028, USD Million
TABLE 37 Japan Advanced Phase Change Materials Market by Application, 2018 - 2021, USD Million
TABLE 38 Japan Advanced Phase Change Materials Market by Application, 2022 - 2028, USD Million
TABLE 39 Japan Advanced Phase Change Materials Market by Type, 2018 - 2021, USD Million
TABLE 40 Japan Advanced Phase Change Materials Market by Type, 2022 - 2028, USD Million
TABLE 41 India Advanced Phase Change Materials Market, 2018 - 2021, USD Million
TABLE 42 India Advanced Phase Change Materials Market, 2022 - 2028, USD Million
TABLE 43 India Advanced Phase Change Materials Market by Application, 2018 - 2021, USD Million
TABLE 44 India Advanced Phase Change Materials Market by Application, 2022 - 2028, USD Million
TABLE 45 India Advanced Phase Change Materials Market by Type, 2018 - 2021, USD Million
TABLE 46 India Advanced Phase Change Materials Market by Type, 2022 - 2028, USD Million
TABLE 47 South Korea Advanced Phase Change Materials Market, 2018 - 2021, USD Million
TABLE 48 South Korea Advanced Phase Change Materials Market, 2022 - 2028, USD Million
TABLE 49 South Korea Advanced Phase Change Materials Market by Application, 2018 - 2021, USD Million
TABLE 50 South Korea Advanced Phase Change Materials Market by Application, 2022 - 2028, USD Million
TABLE 51 South Korea Advanced Phase Change Materials Market by Type, 2018 - 2021, USD Million
TABLE 52 South Korea Advanced Phase Change Materials Market by Type, 2022 - 2028, USD Million
TABLE 53 Singapore Advanced Phase Change Materials Market, 2018 - 2021, USD Million
TABLE 54 Singapore Advanced Phase Change Materials Market, 2022 - 2028, USD Million
TABLE 55 Singapore Advanced Phase Change Materials Market by Application, 2018 - 2021, USD Million
TABLE 56 Singapore Advanced Phase Change Materials Market by Application, 2022 - 2028, USD Million
TABLE 57 Singapore Advanced Phase Change Materials Market by Type, 2018 - 2021, USD Million
TABLE 58 Singapore Advanced Phase Change Materials Market by Type, 2022 - 2028, USD Million
TABLE 59 Malaysia Advanced Phase Change Materials Market, 2018 - 2021, USD Million
TABLE 60 Malaysia Advanced Phase Change Materials Market, 2022 - 2028, USD Million
TABLE 61 Malaysia Advanced Phase Change Materials Market by Application, 2018 - 2021, USD Million
TABLE 62 Malaysia Advanced Phase Change Materials Market by Application, 2022 - 2028, USD Million
TABLE 63 Malaysia Advanced Phase Change Materials Market by Type, 2018 - 2021, USD Million
TABLE 64 Malaysia Advanced Phase Change Materials Market by Type, 2022 - 2028, USD Million
TABLE 65 Rest of Asia Pacific Advanced Phase Change Materials Market, 2018 - 2021, USD Million
TABLE 66 Rest of Asia Pacific Advanced Phase Change Materials Market, 2022 - 2028, USD Million
TABLE 67 Rest of Asia Pacific Advanced Phase Change Materials Market by Application, 2018 - 2021, USD Million
TABLE 68 Rest of Asia Pacific Advanced Phase Change Materials Market by Application, 2022 - 2028, USD Million
TABLE 69 Rest of Asia Pacific Advanced Phase Change Materials Market by Type, 2018 - 2021, USD Million
TABLE 70 Rest of Asia Pacific Advanced Phase Change Materials Market by Type, 2022 - 2028, USD Million
TABLE 71 Key Information – PLUSS Advanced Technologies
TABLE 72 Key Information – BASF SE
TABLE 73 Key Information – Entropy Solution
TABLE 74 Key Information – Outlast Technologies GmbH
TABLE 75 Key Information – DuPont de Nemours, Inc.
TABLE 76 Key Information – Sonoco Products Company
TABLE 77 Key Information – Phase Change Solutions
TABLE 78 Key Information – Cryopak
TABLE 79 Key Information – Microtek Laboratories, Inc.
TABLE 80 Key Information – ADVANSA Marketing GmbH
List of Figures
FIG 1 Methodology for the research