North America Phase Change Material (PCM) Market was valued at USD 0.3 Billion in 2022 and is projected to reach USD 0.6 Billion by 2030, growing at a CAGR of 8.5% from 2024 to 2030.
Phase Change Materials (PCMs) are revolutionizing industries across North America by enhancing energy efficiency and sustainability. These materials absorb and release thermal energy during phase transitions, making them invaluable in various applications.
Building and Construction:
PCMs are integrated into building materials to regulate indoor temperatures, reducing reliance on HVAC systems and promoting energy-efficient designs.
Incorporating PCMs into concrete can create self-heating surfaces, capable of melting snow and ice without the need for salt or shovels.
HVAC Systems:
PCMs optimize heating and cooling cycles, leading to more efficient energy utilization in buildings.
They help maintain consistent indoor temperatures, enhancing occupant comfort and reducing energy costs.
Cold Chain and Packaging:
PCMs are used in temperature-controlled packaging to maintain the required conditions for perishable goods during transportation.
This application is crucial for the pharmaceutical and food industries, ensuring product integrity and safety.
Electronics:
PCMs manage heat dissipation in electronic devices, preventing overheating and extending the lifespan of components.
They are essential in high-performance computing and telecommunications equipment.
Textiles:
Incorporating PCMs into fabrics can provide thermal regulation, enhancing comfort in clothing and bedding.
This technology is particularly beneficial in outdoor and athletic wear, adapting to changing environmental conditions.
Industries adopting PCMs must consider factors such as:
Material Compatibility: Ensuring PCMs are compatible with existing materials and processes to maintain product integrity.
Cost-Benefit Analysis: Evaluating the economic feasibility of PCM integration, considering both initial investment and long-term energy savings.
Regulatory Compliance: Adhering to industry-specific regulations and standards when implementing PCM solutions.
As someone who has explored the integration of PCMs in sustainable building projects, I've witnessed firsthand the significant energy savings and enhanced occupant comfort they provide. The North American market is poised for substantial growth, with projections estimating it will reach USD 643.81 million by 2030, driven by increasing demand for energy-efficient solutions across various industries.
North America Phase Change Material (PCM) Market
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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
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 North America Phase Change Material (PCM) Market
Building & Construction
Refrigeration & Logistics
Textile
Electronics
Others
Building & Construction remained the largest application field
followed by Refrigeration & Logistics and Electronics.
Based on Types the Market is categorized into Below types that held the largest Phase Change Material (PCM) market share In 2023.
Organic
Inorganic
Bio-based
Organic PCM represented the largest share about 67% of the worldwide Phase Change Material market
and was used widely in many fields.
North America (United States, North America 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 North America Phase Change Material (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. North America Phase Change Material (PCM) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Phase Change Material (PCM) Market, By Type
6. North America Phase Change Material (PCM) Market, By Application
7. North America Phase Change Material (PCM) Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Phase Change Material (PCM) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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