The Global Market for Phase Change Materials 2024-2034

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1              EXECUTIVE SUMMARY   11

• 1.1          What are Phase change materials (PCMs)?           11
  • 1.1.1      Key properties  12
  • 1.1.2      Classification      12
• 1.2          Markets, applications and products          13
• 1.3          Market drivers  18
• 1.4          Properties of Phase Change Materials (PCMs)     19
• 1.5          Factors restraining adoption       19
• 1.6          Recent market developments    20
• 1.7          Competitive landscape  22
• 1.8          Growth Opportunities   22
• 1.9          Future market outlook   23

2              INTRODUCTION 28

• 2.1          Overview and working principle 28
• 2.2          Types    29
  • 2.2.1      Organic phase change materials 31
    • 2.2.1.1   Paraffin wax       31
      • 2.2.1.1.1               Properties           32
      • 2.2.1.1.2               Advantages and disadvantages  32
      • 2.2.1.1.3               Applications of paraffin PCMs     33
      • 2.2.1.1.4               Commercial paraffin PCM products          33
    • 2.2.1.2   Non-Paraffins (fatty acids, esters, alcohols)          34
      • 2.2.1.2.1               Fatty Acids          34
      • 2.2.1.2.2               Esters    34
      • 2.2.1.2.3               Alcohols               35
      • 2.2.1.2.4               Glycols  35
      • 2.2.1.2.5               Advantages and disadvantages  36
    • 2.2.1.3   Bio-based phase change materials            37
      • 2.2.1.3.1               Fatty Acids          37
      • 2.2.1.3.2               Plant Oils             37
      • 2.2.1.3.3               Agricultural Byproducts 38
      • 2.2.1.3.4               Advantages and disadvantages  38
      • 2.2.1.3.5               Commercial development            39
  • 2.2.2      Inorganic phase change materials             39
    • 2.2.2.1   Salt hydrates      40
      • 2.2.2.1.1               Properties           40
      • 2.2.2.1.2               Applications of Salt Hyhydrate PCMs       40
      • 2.2.2.1.3               Advantages and disadvantages  41
      • 2.2.2.1.4               Commercial Salt Hydrate PCM Products 42
    • 2.2.2.2   Metal and metal alloy PCMs (High-temperature) 42
      • 2.2.2.2.1               Properties           42
      • 2.2.2.2.2               Applications       43
      • 2.2.2.2.3               Advantages and disadvantages  43
      • 2.2.2.2.4               Recent developments    44
  • 2.2.3      Eutectic PCMs   45
    • 2.2.3.1   Eutectic Mixtures             45
    • 2.2.3.2   Examples of Eutectic Inorganic PCMs       45
    • 2.2.3.3   Benefits               45
    • 2.2.3.4   Applications       46
    • 2.2.3.5   Advantages and disadvantages of eutectics          47
    • 2.2.3.6   Recent developments    47
  • 2.2.4      Encapsulation of PCMs  48
    • 2.2.4.1   Benefits               49
    • 2.2.4.2   Macroencapsulation       49
    • 2.2.4.3   Micro/nanoencapsulation            49
    • 2.2.4.4   Shape Stabilized PCMs   51
    • 2.2.4.5   Commercial Encapsulation Technologies               52
    • 2.2.4.6   Self-Assembly Encapsulation       53
  • 2.2.5      Nanomaterial phase change materials     54
• 2.3          Thermal energy storage (TES)     55
  • 2.3.1      Sensible heat storage     55
  • 2.3.2      Latent heat storage         56
• 2.4          Comparative analysis      56

3              PATENT ANALYSIS            57

4              PRICING               60

5              GLOBAL REVENUES, 2019-2034   60

• 5.1          Total market and growth              61
• 5.2          By market           61
• 5.3          By region             64

6              END USER MARKETS FOR PHASE CHANGE MATERIALS      66

• 6.1          BUILDING AND CONSTRUCTION 66
  • 6.1.1      Integration in Buildings  66
  • 6.1.2      Improved energy efficiency         66
  • 6.1.3      Concrete             69
    • 6.1.3.1   Benefits               70
    • 6.1.3.2   Commercial PCM Concrete Products       70
  • 6.1.4      Wallboards         70
    • 6.1.4.1   Benefits               71
    • 6.1.4.2   Commercial PCM Wallboards      71
  • 6.1.5      Trombe Walls     72
    • 6.1.5.1   Benefits               72
    • 6.1.5.2   Products              73
  • 6.1.6      HVAC    73
  • 6.1.7      Heat Pumps       73
  • 6.1.8      Solar Heating     74
• 6.2          ELECTRONICS     76
  • 6.2.1      Thermal management and cooling            76
    • 6.2.1.1   Benefits               76
    • 6.2.1.2   Applications       77
      • 6.2.1.2.1               Heat Sinks           77
      • 6.2.1.2.1.1           Benefits               78
      • 6.2.1.2.1.2           Applications       78
      • 6.2.1.2.1.3           Commercial PCM Heat Sinks        78
    • 6.2.1.2.2               PCM Substrates 79
      • 6.2.1.2.2.1           Benefits               79
      • 6.2.1.2.2.2           Applications       79
      • 6.2.1.2.2.3           Products              80
    • 6.2.1.2.3               PCM Encapsulants           80
      • 6.2.1.2.3.1           Benefits               81
      • 6.2.1.2.3.2           Applications       81
      • 6.2.1.2.3.3           Products              81
• 6.3          COLD STORAGE 84
  • 6.3.1      Benefits               84
  • 6.3.2      PCM Integration               85
  • 6.3.3      Applications       85
    • 6.3.3.1   Temperature-controlled shipping             87
    • 6.3.3.2   Commercial refrigeration             89
    • 6.3.3.3   Commercial PCM Cold Chain Products    91
• 6.4          THERMAL STORAGE SYSTEMS     91
  • 6.4.1      Water heaters   91
  • 6.4.2      Thermal batteries for water heaters and EVs        92
• 6.5          TEXTILES              95
  • 6.5.1      Methods to Incorporate PCMs into Textiles          95
  • 6.5.2      Temperature controlled fabrics  95
    • 6.5.2.1   Applications       96
    • 6.5.2.2   Commercial PCM Fabrics               96
  • 6.5.3      Cooling vests     97
    • 6.5.3.1   Applications       99
  • 6.5.4      PCM Medical Textiles     99
    • 6.5.4.1   Applications       100
    • 6.5.4.2   Commercial PCM Medical Textiles            100
• 6.6          AEROSPACE        102
  • 6.6.1      Coatings               102
  • 6.6.2      Propulsion          103
• 6.7          AUTOMOTIVE   103

7              COMPANY PROFILES       104 (66 company profiles)

8              RESEARCH METHODOLOGY         158

9              REFERENCES       159

List of Tables

• Table 1. Markets, applications and products.       14
• Table 2. List of PCM products by producer.           15
• Table 3. Market drivers for phase change materials.         18
• Table 4. Properties of PCMs.       19
• Table 5. Recent market developments in phase change materials.              20
• Table 6.  PCM Types and properties.        30
• Table 7. Advantages and disadvantages of parafiin wax PCMs.     32
• Table 8. Advantages and disadvantages of non-paraffins.               36
• Table 9. Advantages and disadvantages of Bio-based phase change materials.      38
• Table 10. Advantages and disadvantages of salt hydrates               41
• Table 11. Advantages and disadvantages of low melting point metals.      44
• Table 12. Advantages and disadvantages of eutectics.     47
• Table 13. Comparative analysis of PCMs-Properties, advantages/disadvantages, applications.       57
• Table 14. Recent PCM patents.  58
• Table 15. Pricing of phase change materials          60
• Table 16. Global Phase Change Materials Market Revenues, 2018-2034 (Millions USD).    61
• Table 17. Global revenues for phase change materials, 2019-2034, by market, (millions USD).       61
• Table 18. Global revenues for phase change materials, 2019-2032, by region, (millions USD).         64
• Table 19. Market assessment for PCMs in building and construction-market age, applications, key benefits and motivation for use, market drivers and trends, market challenges.             74
• Table 20. Market assessment for PCMs in electronics-market age, applications, key benefits and motivation for use, market drivers and trends, market challenges.    82
• Table 21. PCMs used in cold chain applications.  88
• Table 22. Market assessment for phase change materials in packaging and cold chain logistics-market age, applications, key benefits and motivation for use, market drivers and trends, market challenges. 88
• Table 23. Market assessment for PCMs in refrigeration systems -market age, applications, key benefits and motivation for use, market drivers and trends, market challenges.    89
• Table 24. Market assessment for PCMs in thermal storage systems-market age, applications, key benefits and motivation for use, market drivers and trends, market challenges.             93
• Table 25. Commercially available PCM cooling vest products.       98
• Table 26. Market assessment for PCMs textiles and apparel-market age, applications, key benefits and motivation for use, market drivers and trends, market challenges.           101
• Table 27. Market assessment for PCMs in automotive-market age, applications, key benefits and motivation for use, market drivers and trends, market challenges.    103
• Table 28. Type of PCM produced, by company.   104
• Table 29. Target markets for PCMS, by company.               106
• Table 30. CrodaTherm Range.     117

List of Figures

• Figure 1. PCM mode of operation.            12
• Figure 2. Applications of PCM by temperature range.       14
• Figure 3. Classification of PCMs. 30
• Figure 4. Phase-change materials in their original states. 30
• Figure 5. Thermal energy storage materials.         55
• Figure 6. Phase Change Material transient behaviour.      56
• Figure 7. Phase change materials patents 2001-2021.        58
• Figure 8. Global Phase Change Materials Market Revenues, 2018-2034(Millions USD).      61
• Figure 9. Global revenues for phase change materials, 2019-2032, by market, (millions USD).        63
• Figure 10. Global revenues for phase change materials, 2019-2032, by region, (millions USD).       65
• Figure 11. Global energy consumption growth of buildings.           67
• Figure 12.  Energy consumption of residential building sector.      67
• Figure 13. Schematic of PCM use in buildings.      68
• Figure 14. Comparison of the maximum energy storage capacity of 10 mm thickness of different building materials operating between 18 °C and 26 °C for 24 h.        69
• Figure 15. Schematic of PCM in storage tank linked to solar collector.       92
• Figure 16. UniQ line of thermal batteries.              93
• Figure 17. PCMs-containing microcapsules incorporated into textiles.      96
• Figure 18. PCM cooling vest.       98
• Figure 19. Schematic representation of the PCM de-icing.              103
• Figure 20. Ultraguard -70°C Phase Change Material (PCM) being loaded into a Stirling Ultracold ULT25NEU portable freezer. 111
• Figure 21. Solid State Reflective Display (SRD®) schematic.            113
• Figure 22. Transtherm® PCMs.   114
• Figure 23. HI-FLOW Phase Change Materials.       127
• Figure 24. Kaneka phase change materials.           130
• Figure 25. Crēdo™ ProMed transport bags.           136

The Global Market for Phase Change Materials 2024-2034

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The Global Market for Phase Change Materials 2024-2034

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