United States Phase Change Material Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 2.1 Billion by 2030, growing at a CAGR of 24.5% from 2024 to 2030.
The US Phase Change Material Market is rapidly expanding as industries increasingly demand energy-efficient solutions. Phase Change Materials (PCMs) are substances that absorb and release heat as they change from one phase to another, such as from solid to liquid. This unique property has spurred their use across various industries, particularly in sectors like construction, electronics, and automotive. Understanding the types and requirements of PCMs in different industries is essential for maximizing their potential and meeting the growing demand for sustainable solutions.
The primary types of Phase Change Materials in the market are organic, inorganic, and eutectic PCMs. Organic PCMs, like paraffin wax, are popular due to their stability and ease of handling. These materials are widely used in building insulation and temperature regulation systems. Inorganic PCMs, such as salt hydrates, are more efficient at storing heat but can suffer from issues like supercooling. Eutectic PCMs, which are mixtures of organic and inorganic substances, offer enhanced performance by combining the benefits of both types. These versatile materials are especially beneficial for industries needing precise temperature control.
Industries are increasingly adopting PCMs to improve energy efficiency and reduce costs. In construction, PCMs are used to regulate indoor temperatures, reducing the need for external heating and cooling systems. This not only lowers energy consumption but also creates a more comfortable living environment. The automotive industry uses PCMs to enhance battery performance by maintaining optimal temperatures during charging and discharging cycles, thus extending battery life and increasing efficiency. Furthermore, the electronics sector incorporates PCMs in devices to manage heat and prevent overheating, ensuring longer-lasting and more reliable products.
As the demand for sustainable and energy-efficient solutions grows, the US Phase Change Material Market is poised for further expansion. Businesses are continually seeking innovative ways to integrate PCMs into their products and systems. The ability of PCMs to store and release heat efficiently has made them a key component in various industries, with companies striving to meet the requirements of thermal management, energy conservation, and environmental sustainability.
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Entropy Solutions LLC
Rubitherm Technologies GmbH
Croda International Plc
BASF SE
Advansa BV
Laird PLC.
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Phase Change Material Market
Organic Phase Change Materials (PCMs)
Inorganic Phase Change Materials (PCMs)
Bio-based Phase Change Materials (PCMs)
Building & Construction
Cold Chain & Refrigeration
Textiles
Electronics
Healthcare
Others
Micro-encapsulated Phase Change Materials
Macro-encapsulated Phase Change Materials
Bulk Phase Change Materials
Thermal Energy Storage
Temperature Regulation
Heat Management
Cooling Applications
Construction
Food & Beverage
Pharmaceuticals
Manufacturing
Textile & Apparel
Transportation
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the US Phase Change Material Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. US Phase Change Material Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Phase Change Material Market, By Type
6. US Phase Change Material Market, By Application
7. US Phase Change Material Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Phase Change Material Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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