The North America advanced phase change materials market size reached US$ 741.2 Million in 2023. Looking forward, the publisher expects the market to reach US$ 2.76 billion by 2032, exhibiting a growth rate (CAGR) of 15.8% during 2023-2032.
The advanced phase change materials (PCMs) refer to the elements with a capability to store latent heat emitted during distinctive phase transitions. At a commercial level, they store latent heat released during the solid-liquid phase transition. Advanced phase change materials enhance the heat storage capacity of buildings and are highly efficient in power distribution and generation systems. They are employed for cooling electrical engines, foods and drinks, maintaining high temperatures in greenhouses and conditioning of buildings.
North America represents one of the largest advanced phase change materials market owing to the highly developed manufacturing industries for electric and electronic devices. These devices use advanced PCMs pertaining to their high latent heat of fusion, specific heat, thermal stability and thermal conductivity in both solid and liquid phases. Several initiatives by government institutions, such as Department of Energy, are taken for the assessment of costs, risks and technology performance of advanced PCMs for their wide application in the region. Availability of these materials at affordable prices and their potential to provide zero net energy buildings will continue to spur the demand in the upcoming years.
Key Regions Analysed
United States
Canada
Mexico
Analysis for Each Country
Market by Type
Organic PCM
Inorganic PCM
Bio-Based PCM
Market by Form
Encapsulated
Non-Encapsulated
Market by Application
Building and Construction
Packaging
HVAC
Textiles
Electronics
Others
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
Competitive Structure
What are the key regions in the North America advanced phase change materials market?
What has been the impact of COVID-19 on the North America advanced phase change materials market?
What is the breakup of the North America advanced phase change materials market on the basis of type?
What is the breakup of the North America advanced phase change materials market on the basis of form?
What is the breakup of the North America advanced phase change materials market on the basis of application?
What are the various stages in the value chain of the North America advanced phase change materials industry?
What are the key driving factors and challenges in the North America advanced phase change materials industry?
What is the structure of the North America advanced phase change materials industry and who are the key players?
What is the degree of competition in the North America advanced phase change materials industry?
What are the profit margins in the North America advanced phase change materials industry?
The advanced phase change materials (PCMs) refer to the elements with a capability to store latent heat emitted during distinctive phase transitions. At a commercial level, they store latent heat released during the solid-liquid phase transition. Advanced phase change materials enhance the heat storage capacity of buildings and are highly efficient in power distribution and generation systems. They are employed for cooling electrical engines, foods and drinks, maintaining high temperatures in greenhouses and conditioning of buildings.
North America represents one of the largest advanced phase change materials market owing to the highly developed manufacturing industries for electric and electronic devices. These devices use advanced PCMs pertaining to their high latent heat of fusion, specific heat, thermal stability and thermal conductivity in both solid and liquid phases. Several initiatives by government institutions, such as Department of Energy, are taken for the assessment of costs, risks and technology performance of advanced PCMs for their wide application in the region. Availability of these materials at affordable prices and their potential to provide zero net energy buildings will continue to spur the demand in the upcoming years.
Key Market Segmentation:
The report provides an analysis of the key trends in each segment of the North America advanced phase change materials market report, along with forecasts at the regional and country levels from 2024-2032. Our report has categorized the market based on type, form and application.Key Regions Analysed
United States
Canada
Mexico
Analysis for Each Country
Market by Type
Organic PCM
Inorganic PCM
Bio-Based PCM
Market by Form
Encapsulated
Non-Encapsulated
Market by Application
Building and Construction
Packaging
HVAC
Textiles
Electronics
Others
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
Competitive Structure
Key Player Profiles
Key Questions Answered in This Report:
How has the North America advanced phase change materials market performed so far and how will it perform in the coming years?What are the key regions in the North America advanced phase change materials market?
What has been the impact of COVID-19 on the North America advanced phase change materials market?
What is the breakup of the North America advanced phase change materials market on the basis of type?
What is the breakup of the North America advanced phase change materials market on the basis of form?
What is the breakup of the North America advanced phase change materials market on the basis of application?
What are the various stages in the value chain of the North America advanced phase change materials industry?
What are the key driving factors and challenges in the North America advanced phase change materials industry?
What is the structure of the North America advanced phase change materials industry and who are the key players?
What is the degree of competition in the North America advanced phase change materials industry?
What are the profit margins in the North America advanced phase change materials industry?
Table of Contents
1 Preface3 Executive Summary14 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Advanced Phase Change Materials Market
6 North America Advanced Phase Change Materials Market
7 North America Advanced Phase Change Materials Market: Breakup by Type
8 North America Advanced Phase Change Materials Market: Breakup by Form
9 North America Advanced Phase Change Materials Market: Breakup by Application
10 North America Advanced Phase Change Materials Market: Breakup by Country
11 SWOT Analysis
12 Value Chain Analysis
13 Porter’s Five Forces Analysis
15 Competitive Landscape
List of Figures
List of Tables
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 122 |
| Published | July 2024 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value ( USD | $ 741.2 Million |
| Forecasted Market Value ( USD | $ 2769 Million |
| Compound Annual Growth Rate | 15.8% |
| Regions Covered | North America |
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