North America Phase Change Materials Market to gain traction by 2026

According to the Graphical Research new growth forecast report titled North America Phase Change Materials Market Size, By Product (Paraffin, Non-paraffin, Salt Hydrates, Eutectics), By End-user (Building Construction, HVAC, Electrical Electronics, Packaging, Textiles, Chemical, Healthcare, Aerospace Automotive), By Country, Industry Analysis Report, Country Outlook, Application Potential, Competitive Market Share Forecast, 2020 2026 share will surpass USD 999 million by 2026.

The North America phase change materials market is projected to observe an escalating demand trend from various end-user industries including construction, packaging, and HVAC. Strong growth in the construction industry, especially in the states of America, is likely to propel the demand for phase change materials. In the construction industry, PCMs are used for space heating/cooling, solar water heating, and waste heat recovery systems. Additionally, the increasing demand for energy-saving environmental-friendly technology is also one of the major factors driving the overall phase change material industry growth.

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Paraffin held the highest share in the overall phase change materials market in 2016. It is majorly used due to its easy availability and cost effective compared to its counterparts. Paraffin is derived from petrochemical products and non-renewable sources, which cause environmental pollution during disposal. Additionally, paraffin has a high heat of fusion and is completely non-corrosive. These are the most commonly used PCMs for electronic thermal management. However, paraffin is made from petroleum products, which increases reliance on crude oil; hence, facing tough competition from salt hydrates and bio-based phase change materials.

Increasing investments for research development activities and emerging technologies in macro- and microencapsulation are anticipated to create lucrative opportunities for the phase change materials market. Phase change materials are eco-friendly and energy-saving. An upsurge in eco-friendly materials is gaining prominence in the industry. Industry players are focusing on opportunities to provide products with enhanced properties and functionalities, further supporting North America phase change materials market growth.

The building and construction industry is expected to dominate the market. The usage of adequate thermal energy storage systems in the building construction sector offers high potential in energy conservation. Furthermore, PCM can be incorporated into construction materials by using different methods such as immersion, encapsulation, microencapsulation, direct incorporation, and shape-stabilization. Therefore, rapid growth in the construction industry is likely to support the overall North America phase change materials market.

Many multinational and regional companies have a presence in the North America phase change materials market. Some of the major players operating in the North America phase change materials market are BASF SE, Henkel, Sasol, Entropy Solutions LLC, Outlast Technologies LLC, Microtek Laboratories, Inc., Cryopak, Honeywell International Inc., Rubitherm, Laird PLC, and The Dow Chemical Company among others.

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Table Of Content:

Chapter 4   North America Phase Change Materials Market Share, By Product

4.1    North America phase change materials market product insights

4.2    Paraffin

4.2.1    Market size, 2016 - 2026

4.2.2    Market size by country, 2016 – 2026

4.3    Non-paraffin

4.3.1    Market size, 2016 - 2026

4.3.2    Market size by country, 2016 – 2026

4.4    Salt hydrates

4.4.1    Market size, 2016 - 2026

4.4.2    Market size by country, 2016 – 2026

4.5    Eutectics

4.5.1    Market size, 2016 - 2026

4.5.2    Market size by country, 2016 – 2026

4.6    Others

4.6.1    Market size, 2016 - 2026

4.6.2    Market size by country, 2016 – 2026

Chapter 5   North America Phase Change Materials Market Size, By End-user

5.1    North America phase change materials market end-user insights

5.2    Building & construction

5.2.1    Market size, 2016 - 2026

5.2.2    Market size by country, 2016 – 2026

5.3    HVAC

5.3.1    Market size, 2016 - 2026

5.3.2    Market size by country, 2016 – 2026

5.4    Electrical & electronics

5.4.1    Market size, 2016 - 2026

5.4.2    Market size by country, 2016 – 2026

5.5    Packaging

5.5.1    Market size, 2016 - 2026

5.5.2    Market size by country, 2016 – 2026

5.6    Textiles

5.6.1    Market size, 2016 - 2026

5.6.2    Market size by country, 2016 – 2026

5.7    Chemical

5.7.1    Market size, 2016 - 2026

5.7.2    Market size by country, 2016 – 2026

5.8    Healthcare

5.8.1    Market size, 2016 - 2026

5.8.2    Market size by country, 2016 – 2026

5.9    Aerospace & automotive

5.9.1    Market size, 2016 - 2026

5.9.2    Market size by country, 2016 – 2026

5.10    Others

5.10.1    Market size, 2016 - 2026

5.10.2    Market size by country, 2016 – 2026

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