Microencapsulated phase change materials are increasingly utilized in the construction sector, including waste heat recovery systems, room cooling, room heating, and solar water heating. Growing construction output coupled with planned mega construction projects in developed as well as developing economies are expected to drive demand for phase change materials over the forecast period.Microencapsulated paraffin PCMs are environmentally responsive materials, i.e., they respond to an environmental trigger that results in a physical change in the material. Examples of triggers are pH, temperature, and ionic concentration. Microencapsulated paraffin PCMs, a very new technology, find applications in several end-user industries due to their versatile properties. It is gradually grabbing attention in automotive, textile, packaging, and electronics manufacturing for effective utilization.
This report contains market size and forecasts of Microencapsulated Paraffin Phase Change Materials in global, including the following market information:
Global Microencapsulated Paraffin Phase Change Materials Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Microencapsulated Paraffin Phase Change Materials Market Sales, 2017-2022, 2023-2028, (K Tons)
Global top five Microencapsulated Paraffin Phase Change Materials companies in 2021 (%)
The global Microencapsulated Paraffin Phase Change Materials market was valued at million in 2021 and is projected to reach US$ million by 2028, at a CAGR of % during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Powder Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Microencapsulated Paraffin Phase Change Materials include BASF, Rubitherm, Microtek Laboratories, Andores New Energy CO and Tempered Entropy, etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Microencapsulated Paraffin Phase Change Materials manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Microencapsulated Paraffin Phase Change Materials Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (K Tons)
Global Microencapsulated Paraffin Phase Change Materials Market Segment Percentages, by Type, 2021 (%)
Powder
Particles
Global Microencapsulated Paraffin Phase Change Materials Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (K Tons)
Global Microencapsulated Paraffin Phase Change Materials Market Segment Percentages, by Application, 2021 (%)
Construction
Electronic
Textile
Chemical
Aviation
Others
Global Microencapsulated Paraffin Phase Change Materials Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (K Tons)
Global Microencapsulated Paraffin Phase Change Materials Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Microencapsulated Paraffin Phase Change Materials revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Microencapsulated Paraffin Phase Change Materials revenues share in global market, 2021 (%)
Key companies Microencapsulated Paraffin Phase Change Materials sales in global market, 2017-2022 (Estimated), (K Tons)
Key companies Microencapsulated Paraffin Phase Change Materials sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
BASF
Rubitherm
Microtek Laboratories
Andores New Energy CO
Tempered Entropy