The North America Advanced Phase Change Materials Market would witness market growth of 10.2% CAGR during the forecast period (2022-2028).
During phase transitions, phase change materials are utilized to store latent heat, allowing for the temporary storage of mild or strong energy for later application. Solid-liquid, solid-solid, liquid-gas and solid-gas phase changes can all be used to achieve this latent heat transition. However, only solid-liquid phase transition is utilized in advanced PCMs on a commercial basis because other methods require a big volume and high pressure.
The heat of fusion, or the energy released/absorbed as a result of a phase transformation from solid to liquid or vice versa, is often substantially higher than the sensible heat. For example, Ice requires 333.55 J/g to dissolve, yet adding just 4.18 J/g raises the temperature of water by one degree. Water/ice is thus a very handy phase transition substance that has been utilized to store wintertime cold to cool structures in the summer since the Achaemenid Empire.
In comparison to sensible heat storage, an advanced phase change material may store and release huge amounts of energy by dissolving and consolidating at the phase change temperature (PCT). When a material transitions from solid to liquid or vice versa, or when the inner layer of the material changes, heat is absorbed or released, PCMs are considered as latent heat storage (LHS) materials.
Protein-based advanced phase change materials have a number of ground-breaking features, including room-temperature functioning, an inherent safety profile, and switchable thermal conductivities, which enable new, more efficient heat-exchanger designs. Due to unique abilities to rapidly vary their intrinsic thermal conductivities and energy storage densities based on hydration, the hydration-based storage capacity of the squid ring teeth (SRT) based protein-based advanced phase change materials provides an extraordinarily unique thermal storage system design.
The US market dominated the North America 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 $598.6 million by 2028. The Canada market is estimated to grow at a CAGR of 9% during (2022 - 2028). Additionally, The Mexico market would witness 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Advanced Phase Change Materials Market is Estimated to reach $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
- US
- Canada
- Mexico
- Rest of North America
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 North America Advanced Phase Change Materials Market, by Application
1.4.2 North America Advanced Phase Change Materials Market, by Type
1.4.3 North America 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. North America Advanced Phase Change Materials Market by Application
3.1 North America Building & Construction Market by Country
3.2 North America Energy Storage Market by Country
3.3 North America Shipping & Transportation Market by Country
3.4 North America HVAC Market by Country
3.5 North America Electronics Market by Country
3.6 North America Textiles Market by Country
3.7 North America Others Market by Country
Chapter 4. North America Advanced Phase Change Materials Market by Type
4.1 North America Organic PCM Market by Country
4.2 North America Inorganic PCM Market by Country
4.3 North America Bio-based PCM Market by Country
Chapter 5. North America Advanced Phase Change Materials Market by Country
5.1 US Advanced Phase Change Materials Market
5.1.1 US Advanced Phase Change Materials Market by Application
5.1.2 US Advanced Phase Change Materials Market by Type
5.2 Canada Advanced Phase Change Materials Market
5.2.1 Canada Advanced Phase Change Materials Market by Application
5.2.2 Canada Advanced Phase Change Materials Market by Type
5.3 Mexico Advanced Phase Change Materials Market
5.3.1 Mexico Advanced Phase Change Materials Market by Application
5.3.2 Mexico Advanced Phase Change Materials Market by Type
5.4 Rest of North America Advanced Phase Change Materials Market
5.4.1 Rest of North America Advanced Phase Change Materials Market by Application
5.4.2 Rest of North America 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 North America Advanced Phase Change Materials Market, 2018 - 2021, USD Million
TABLE 2 North America Advanced Phase Change Materials Market, 2022 - 2028, USD Million
TABLE 3 North America Advanced Phase Change Materials Market by Application, 2018 - 2021, USD Million
TABLE 4 North America Advanced Phase Change Materials Market by Application, 2022 - 2028, USD Million
TABLE 5 North America Building & Construction Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Building & Construction Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Energy Storage Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Energy Storage Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Shipping & Transportation Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Shipping & Transportation Market by Country, 2022 - 2028, USD Million
TABLE 11 North America HVAC Market by Country, 2018 - 2021, USD Million
TABLE 12 North America HVAC Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Electronics Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Electronics Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Textiles Market by Country, 2018 - 2021, USD Million
TABLE 16 North America Textiles Market by Country, 2022 - 2028, USD Million
TABLE 17 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Advanced Phase Change Materials Market by Type, 2018 - 2021, USD Million
TABLE 20 North America Advanced Phase Change Materials Market by Type, 2022 - 2028, USD Million
TABLE 21 North America Organic PCM Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Organic PCM Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Inorganic PCM Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Inorganic PCM Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Bio-based PCM Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Bio-based PCM Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Advanced Phase Change Materials Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Advanced Phase Change Materials Market by Country, 2022 - 2028, USD Million
TABLE 29 US Advanced Phase Change Materials Market, 2018 - 2021, USD Million
TABLE 30 US Advanced Phase Change Materials Market, 2022 - 2028, USD Million
TABLE 31 US Advanced Phase Change Materials Market by Application, 2018 - 2021, USD Million
TABLE 32 S Advanced Phase Change Materials Market by Application, 2022 - 2028, USD Million
TABLE 33 US Advanced Phase Change Materials Market by Type, 2018 - 2021, USD Million
TABLE 34 US Advanced Phase Change Materials Market by Type, 2022 - 2028, USD Million
TABLE 35 Canada Advanced Phase Change Materials Market, 2018 - 2021, USD Million
TABLE 36 Canada Advanced Phase Change Materials Market, 2022 - 2028, USD Million
TABLE 37 Canada Advanced Phase Change Materials Market by Application, 2018 - 2021, USD Million
TABLE 38 Canada Advanced Phase Change Materials Market by Application, 2022 - 2028, USD Million
TABLE 39 Canada Advanced Phase Change Materials Market by Type, 2018 - 2021, USD Million
TABLE 40 Canada Advanced Phase Change Materials Market by Type, 2022 - 2028, USD Million
TABLE 41 Mexico Advanced Phase Change Materials Market, 2018 - 2021, USD Million
TABLE 42 Mexico Advanced Phase Change Materials Market, 2022 - 2028, USD Million
TABLE 43 Mexico Advanced Phase Change Materials Market by Application, 2018 - 2021, USD Million
TABLE 44 Mexico Advanced Phase Change Materials Market by Application, 2022 - 2028, USD Million
TABLE 45 Mexico Advanced Phase Change Materials Market by Type, 2018 - 2021, USD Million
TABLE 46 Mexico Advanced Phase Change Materials Market by Type, 2022 - 2028, USD Million
TABLE 47 Rest of North America Advanced Phase Change Materials Market, 2018 - 2021, USD Million
TABLE 48 Rest of North America Advanced Phase Change Materials Market, 2022 - 2028, USD Million
TABLE 49 Rest of North America Advanced Phase Change Materials Market by Application, 2018 - 2021, USD Million
TABLE 50 Rest of North America Advanced Phase Change Materials Market by Application, 2022 - 2028, USD Million
TABLE 51 Rest of North America Advanced Phase Change Materials Market by Type, 2018 - 2021, USD Million
TABLE 52 Rest of North America Advanced Phase Change Materials Market by Type, 2022 - 2028, USD Million
TABLE 53 Key Information – PLUSS Advanced Technologies
TABLE 54 Key Information – BASF SE
TABLE 55 Key Information – Entropy Solution
TABLE 56 Key Information – Outlast Technologies GmbH
TABLE 57 Key Information – DuPont de Nemours, Inc.
TABLE 58 Key Information – Sonoco Products Company
TABLE 59 Key Information – Phase Change Solutions
TABLE 60 Key Information – Cryopak
TABLE 61 Key Information – Microtek Laboratories, Inc.
TABLE 62 Key Information – ADVANSA Marketing GmbH
List of Figures
FIG 1 Methodology for the research