United States Bio based Advanced Phase Change Materials PCM Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 1.2 Billion by 2030, growing at a CAGR of 11.7% from 2024 to 2030.
The US Bio-based Advanced Phase Change Materials (PCM) Market is rapidly growing as industries across various sectors look to adopt sustainable and energy-efficient solutions. The shift toward bio-based PCMs has been driven by increasing demand for renewable energy sources, environmental concerns, and the need for cost-effective temperature regulation technologies. As a result, bio-based PCMs have garnered significant attention due to their ability to store and release thermal energy, playing a crucial role in thermal management across multiple industries.
Bio-based Advanced Phase Change Materials are gaining traction in sectors like construction, textiles, electronics, and automotive. These materials offer a unique advantage over traditional synthetic PCMs as they are derived from natural, renewable resources, making them more eco-friendly. In particular, bio-based PCMs derived from plant oils, fatty acids, and other sustainable sources have become popular for their high thermal storage capacity and ability to maintain a consistent temperature range. Industries are keen on adopting these materials as part of their commitment to sustainability and reducing carbon footprints.
The demand for bio-based PCMs is not just driven by environmental factors but also the growing need for efficient energy management. For example, in the construction sector, these materials are incorporated into building envelopes to enhance energy efficiency by regulating temperature fluctuations inside buildings. Similarly, in textiles, bio-based PCMs are used to create fabrics that adapt to the wearer’s body temperature, increasing comfort in various environments.
Furthermore, the electronics industry also benefits from bio-based PCMs as they help in heat dissipation for sensitive devices. As the demand for smaller and more powerful electronic products increases, the need for efficient thermal management solutions becomes even more critical. Automotive industries are also adopting bio-based PCMs to improve vehicle energy efficiency by maintaining optimal temperatures within batteries and electric systems.
In conclusion, the US Bio-based Advanced Phase Change Materials market is witnessing an impressive rise in demand, driven by industries seeking to meet sustainability targets, enhance energy efficiency, and address temperature control needs across multiple applications. These materials provide a promising future for energy-efficient and environmentally friendly solutions in various sectors, reinforcing the importance of continued innovation in thermal management technologies.
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Henkel AG & Company
Honeywell
Croda International
Sasol Germany GmbH
Microtek Laboratories Inc DuPont and Dow
Parker
Laird PLC
Phase Change Energy Solutions
Cryopak
SGL Carbon
Rubitherm Technologies GmbH
Cold Chain Technologies
Inc PLUSS Advanced Technologies
Outlast Technologies
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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 Bio based Advanced Phase Change Materials PCM Market
Bio-based Paraffin
Bio-based Non-Paraffin
Bio-based Salt Hydrates
Building and Construction
Textile
Transportation
Cold Chain Storage
Consumer Products
Fatty Acids
Carboxylic Acids
Sugars and Sugar Alcohols
Esters
Microencapsulated PCMs
Bulk PCMs
Shape-Stabilized PCMs
Residential
Commercial
Industrial
Aerospace
Healthcare
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 Bio based Advanced Phase Change Materials PCM 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 Bio based Advanced Phase Change Materials PCM Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Bio based Advanced Phase Change Materials PCM Market, By Type
6. US Bio based Advanced Phase Change Materials PCM Market, By Application
7. US Bio based Advanced Phase Change Materials PCM Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Bio based Advanced Phase Change Materials PCM Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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