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Asia Pacific Advanced Phase Change Materials Market
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Asia Pacific Advanced Phase Change Materials Market

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Asia Pacific Advanced Phase Change Materials (PCM) Market, By Type (Organic PCM, Inorganic PCM, Bio-based PCM, Others (including Eutectic PCM); By Form (Encapsulated, Non-Encapsulated); By Application (Building & Construction, HVAC Systems, Cold Chain & Packaging, Thermal Energy Storage, Textiles, Electronics Cooling, Others (including Automotive, Healthcare); By Country (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Thailand, Singapore, Vietnam, Rest of APAC), Trend Analysis, Competitive Landscape & Forecast, 2019–2030

  • Published Date: April 2024
  • Report ID: BWC24267
  • Available Format: PDF
  • Page: 200

Report Overview

An increasing demand for energy-efficient buildings, growing awareness about environmental sustainability, and expanding applications of advanced phase change materials (PCM) in various industries are driving the Asia Pacific Advanced Phase Change Materials (PCM) Market during the forecast period between 2024 and 2030.

Asia Pacific Advanced Phase Change Materials (PCM) Market – Industry Trends & Forecast Report, 2030

The Asia Pacific Advanced Phase Change Materials (PCM) Market size by value was estimated at USD 587.65 million in 2023. During the forecast period between 2024 and 2030, the Asia Pacific Advanced Phase Change Materials (PCM) Market size is expected to expand at a CAGR of 6.05% reaching a value of USD 890.13 million by 2030. The Asia Pacific Advanced Phase Change Materials (PCM) Market is primarily driven by rising demand for energy-efficient solutions in the construction, automotive, and electronics sectors. Increasing awareness about climate change and emphasis on sustainable building practices fuel the adoption of PCM for thermal energy storage. Government initiatives promoting energy conservation further boost market growth. Additionally, advancements in PCM technology, such as enhanced thermal conductivity and compatibility with various applications, propel market expansion. Moreover, rapid urbanization and industrialization in emerging economies drive the demand for PCM in cold chain logistics and HVAC systems. Overall, these factors contribute to the burgeoning growth of the Asia Pacific PCM market.

Asia Pacific Advanced Phase Change Materials Market

Advanced Phase Change Materials (PCM) – Overview

Advanced Phase Change Materials (PCM) are innovative substances that store and release thermal energy during phase transitions, like melting or solidifying, enabling efficient heat management in various applications. The materials offer high energy storage density, enhanced thermal conductivity, and tailored phase change temperatures. They find use in diverse fields including building construction, electronics cooling, thermal energy storage systems, and textiles. Advanced PCMs contribute to energy conservation, comfort enhancement, and temperature regulation, addressing the challenges of climate change and energy sustainability with their versatility and effectiveness in thermal management solutions.

Asia Pacific Advanced Phase Change Materials (PCM) Market

Growth Drivers

Increasing Focus on Energy Efficiency

The Asia Pacific region is witnessing a surge in the adoption of advanced phase change materials (PCMs), driven primarily by the escalating demand for energy-efficient solutions. The innovative materials are revolutionizing construction practices by enhancing thermal insulation properties in buildings and infrastructure. By integrating advanced PCMs into various components like concrete and insulation, structures can effectively regulate temperature, reduce heating and cooling loads, and consequently, lower energy consumption. The shift towards energy efficiency aligns with sustainability goals, fostering the development of greener buildings and infrastructure across the region. As the momentum for eco-friendly solutions intensifies, the utilization of advanced PCMs is poised for continued growth in Asia Pacific.

Sustainable Solutions

The Asia Pacific Advanced Phase Change Materials (PCM) Market is witnessing a surge driven by an augmented focus on sustainability. The materials offer eco-friendly alternatives, aligning with businesses' and individuals' environmental priorities. With their ability to reduce energy consumption and greenhouse gas emissions, advanced PCMs are becoming indispensable across industries like construction and transportation. As sustainability becomes a central concern and environmental regulations tighten, the demand for these materials is poised to escalate, fostering market growth.

Challenges

Technical Challenges and Corrosive Nature

Growth in the Phase Change Materials (PCMs) Market in Asia Pacific encounters obstacles due to technical challenges and the corrosive nature of the materials. PCMs find increasing application in building and construction, yet issues such as low conductivity, supercooling, and phase isolation hinder their effectiveness. Inorganic PCMs like salt hydrates or polypropylene are particularly susceptible to corrosion, instability, and supercooling tendencies, shortening their lifecycle and necessitating costly maintenance. These factors collectively impede the growth of the PCMs market in the region, posing challenges for long-term usage in construction projects.

Impact of Escalating Geopolitical Tensions on Asia Pacific Advanced Phase Change Materials (PCM) Market

Escalating geopolitical tensions in the Asia Pacific region have significantly impacted the Advanced Phase Change Materials (PCM) Market. Heightened uncertainties stemming from territorial disputes, trade conflicts, and military posturing have led to supply chain disruptions, hampering the production and distribution of PCM materials. For instance, the Sino-US trade war has resulted in increased tariffs and trade barriers, affecting PCM imports and exports. Additionally, geopolitical tensions in the South China Sea have raised concerns over maritime routes critical for PCM transportation. Such instability has led to price volatility and investment uncertainties, deterring market growth and innovation in PCM technology. Market players are forced to navigate through geopolitical challenges, adapt supply chains, and explore alternative markets to mitigate risks and sustain growth in the Asia Pacific Advanced PCMs Market.

Asia Pacific Advanced Phase Change Materials (PCM) Market

Segmental Coverage

Asia Pacific Advanced Phase Change Materials (PCM) Market – By Type

Based on type, Asia Pacific Advanced Phase Change Materials (PCM) Market is divided into Organic PCM, Inorganic PCM, Bio-based PCM, and Other (including Eutectic PCM) segments. The inorganic PCM segment is the largest type in the Asia Pacific Advanced Phase Change Materials (PCM) Market. Inorganic PCM encompasses materials like salts and metallic alloys, offering high thermal conductivity and stability. Their widespread use in various industries such as construction, electronics, and transportation contributes significantly to their dominance in the market. With growing demand for efficient thermal energy storage solutions, the Inorganic PCM segment continues to expand, driving innovation and market growth across the Asia Pacific region.

Asia Pacific Advanced Phase Change Materials Market Share

Asia Pacific Advanced Phase Change Materials (PCM) Market – By Form

Based on form, Asia Pacific Advanced Phase Change Materials (PCM) Market is split into Encapsulated and Non-Encapsulated segments. The encapsulated segment is a larger form in the Asia Pacific Advanced Phase Change Materials (PCM) Market. Encapsulated PCM refers to phase change materials enclosed in a protective shell, enhancing their durability and facilitating their integration into various applications. The segment's prominence indicates a growing demand for PCM solutions offering enhanced stability and performance across industries such as construction, electronics, and textiles. As industries seek efficient thermal management solutions, encapsulated PCM emerges as a preferred choice, driving its dominance in the Asia Pacific market landscape.

Asia Pacific Advanced Phase Change Materials Market Size

Asia Pacific Advanced Phase Change Materials (PCM) Market – By Application

On the basis of application, Asia Pacific Advanced Phase Change Materials (PCM) Market is segmented into Building & Construction, HVAC Systems, Cold Chain & Packaging, Thermal Energy Storage, Textiles, Electronics Cooling, and Others (including Automotive and Healthcare). The building & construction segment is the largest application in the Asia Pacific Advanced Phase Change Materials (PCM) (PCM) Market. PCM finds extensive application in the sector for its ability to regulate indoor temperatures efficiently, contributing to energy savings and enhanced comfort. With the rising emphasis on energy-efficient construction and sustainable building practices across the region, the demand for PCM in building & construction continues to grow steadily. The segment encompasses various applications, such as insulation, temperature control, and thermal energy storage in buildings, making it a prominent contributor to the overall market growth in the Asia Pacific region.

Asia Pacific Advanced Phase Change Materials (PCM) Market – By Country

Based on country, Asia Pacific Advanced Phase Change Materials (PCM) Market is divided into China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Thailand, Singapore, Vietnam, and Rest of APAC. China dominates the Asia Pacific Advanced Phase Change Materials (PCM) Market. With its vast industrial base, growing infrastructure, and significant investments in sustainable technologies, China leads the region in PCM adoption. Its expansive manufacturing sector, coupled with government initiatives promoting energy efficiency, drives substantial demand for PCM solutions. Additionally, China's focus on renewable energy and green building practices further boosts the market for advanced PCM applications. Consequently, China stands out as the primary contributor to the Asia Pacific PCM market's growth and development, eclipsing other regional segments in terms of market size and potential.

Competitive Landscape

Major players in the Asia Pacific Advanced Phase Change Materials (PCM) Market include BASF SE, Honeywell, Dow Chemical, Mitsui Chemicals, PCM Energy P Ltd, Dongguan Ziitek Electronic Materials & Technology Ltd, China National Building Material Group Corporation, PLUSS, B P Refcool, Insilico Co. Ltd, Dongguan Guo Heng plastic technology co., LTD, and BOCA International Limited (BIL). To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2019–2023

Base Year – 2023

Estimated Year – 2024

Forecast Period – 2024–2030

Facts Covered

Revenue in USD Million 

Market Coverage

China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Thailand, Singapore, Vietnam, Rest of APAC

Product/Service Segmentation

Type, Form, Application, Country

Key Players

BASF SE, Honeywell, Dow Chemical, Mitsui Chemicals, PCM Energy P Ltd, Dongguan Ziitek Electronic Materials & Technology Ltd, China National Building Material Group Corporation, PLUSS, B P Refcool, Insilico Co. Ltd, Dongguan Guo Heng plastic technology co., LTD, BOCA International Limited (BIL)

 

By Type

  • Organic PCM

  • Inorganic PCM

  • Bio-based PCM

  • Others (including Eutectic PCM)

By Form

  • Encapsulated

  • Non-Encapsulated

By Application

  • Building & Construction

  • HVAC Systems

  • Cold Chain & Packaging

  • Thermal Energy Storage

  • Textiles

  • Electronics Cooling

  • Others (including Automotive and Healthcare)

By Country

  • China

  • India

  • Japan

  • South Korea

  • Australia & New Zealand

  • Indonesia

  • Malaysia

  • Thailand

  • Singapore

  • Vietnam

  • Rest of APAC

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Asia Pacific Advanced Phase Change Materials Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Rise in the demand for energy-efficient solutions
        2. Increasing focus on sustainable development
        3. Rising need for efficient temperature control
        4. Growth of the electronics industry
      2. Restraints
        1. High cost
        2. Complexity in integrating advanced PCMs into existing infrastructure or manufacturing processes
        3. Regulatory hurdles
        4. Consistency and standardization across different PCM types
      3. Opportunities
        1. Continual advancements in thermal management technologies
        2. Increasing demand for green building materials and technologies
        3. Growing requirement for thermal energy storage (TES)
      4. Challenges
        1. Limited knowledge and awareness
        2. Technical challenges
        3. Competitive alternatives
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Asia Pacific Advanced Phase Change Materials Market: Marketing Strategies
  5. Asia Pacific Advanced Phase Change Materials Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
        1. Organic PCM
        2. Inorganic PCM
        3. Bio-Based PCM
        4. Others (Eutectic PCM, etc.)
      2. By Form
        1. Encapsulated
        2. Non-Encapsulated
      3. By Application
        1. Building & Construction
        2. HVAC Systems
        3. Cold Chain & Packaging
        4. Thermal Energy Storage
        5. Textiles
        6. Electronics Cooling
        7. Others (Automotive, Healthcare, etc.)
      4. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia & New Zealand
        6. Indonesia
        7. Malaysia
        8. Thailand
        9. Singapore
        10. Vietnam
        11. Rest of APAC
  6. China Advanced Phase Change Materials Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Form
      3. By Application
  7. India Advanced Phase Change Materials Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Form
      3. By Application
  8. Japan Advanced Phase Change Materials Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Form
      3. By Application
  9. South Korea Advanced Phase Change Materials Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Form
      3. By Application
  10. Australia & New Zealand Advanced Phase Change Materials Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Form
      3. By Application
  11. Indonesia Advanced Phase Change Materials Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Form
      3. By Application
  12. Malaysia Advanced Phase Change Materials Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Form
      3. By Application
  13. Thailand Advanced Phase Change Materials Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Form
      3. By Application
  14. Singapore Advanced Phase Change Materials Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Form
      3. By Application
  15. Vietnam Advanced Phase Change Materials Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Form
      3. By Application
  16. Rest of APAC Advanced Phase Change Materials Market
    1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
    2. Market Share & Forecast
      1. By Type
      2. By Form
      3. By Application
  17. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Asia Pacific Advanced Phase Change Materials Company Market Share Analysis, 2023
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  18. Impact of Escalating Geopolitical Tensions on Asia Pacific Advanced Phase Change Materials Market
  19. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. BASF SE
    2. Honeywell
    3. Dow Chemical
    4. Mitsui Chemicals
    5. PCM Energy P. Ltd
    6. Dongguan Ziitek Electronic Materials & Technology Ltd
    7. China National Building Material Group Corporation
    8. PLUSS
    9. B P Refcool
    10. Insilico Co. Ltd
    11. Dongguan Guo Heng plastic technology co., LTD
    12. BOCA International Limited (BIL)
    13. Other Prominent Players
  20. Key Strategic Recommendations
  21. Research Methodology
    1.       Qualitative Research
      1.   Primary & Secondary Research
    2.       Quantitative Research
    3.       Market Breakdown & Data Triangulation
      1.   Secondary Research
      2.   Primary Research
    4.       Breakdown of Primary Research Respondents, By Region
    5.       Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

 

List of Figures

Figure 1       Asia Pacific Advanced Phase Change Materials Segmentation

Figure 2       Asia Pacific Advanced Phase Change Materials Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2023

Figure 4       Asia Pacific Advanced Phase Change Materials Market Size, By Value (USD Million), 2019–2030

Figure 5       Asia Pacific Advanced Phase Change Materials Market Share, By Type, By Value (USD Million), 2019–2030

Figure 6       Asia Pacific Advanced Phase Change Materials Market Share, By Form, By Value (USD Million), 2019–2030

Figure 7       Asia Pacific Advanced Phase Change Materials Market Share, By Application, By Value (USD Million), 2019–2030

Figure 8       Asia Pacific Advanced Phase Change Materials Market Share, By Country, By Value (USD Million), 2019–2030

Figure 9       China Advanced Phase Change Materials Market Size, By Value (USD Million), 2019–2030

Figure 10     China Advanced Phase Change Materials Market Share, By Type, By Value (USD Million), 2019–2030

Figure 11     China Advanced Phase Change Materials Market Share, By Form, By Value (USD Million), 2019–2030

Figure 12     China Advanced Phase Change Materials Market Share, By Application, By Value (USD Million), 2019–2030

Figure 13     India Advanced Phase Change Materials Market Size, By Value (USD Million), 2019–2030

Figure 14     India Advanced Phase Change Materials Market Share, By Type, By Value (USD Million), 2019–2030

Figure 15     India Advanced Phase Change Materials Market Share, By Form, By Value (USD Million), 2019–2030

Figure 16     India Advanced Phase Change Materials Market Share, By Application, By Value (USD Million), 2019–2030

Figure 17     Japan Advanced Phase Change Materials Market Size, By Value (USD Million), 2019–2030

Figure 18     Japan Advanced Phase Change Materials Market Share, By Type, By Value (USD Million), 2019–2030

Figure 19     Japan Advanced Phase Change Materials Market Share, By Form, By Value (USD Million), 2019–2030

Figure 20     Japan Advanced Phase Change Materials Market Share, By Application, By Value (USD Million), 2019–2030

Figure 21     South Korea Advanced Phase Change Materials Market Size, By Value (USD Million), 2019–2030

Figure 22     South Korea Advanced Phase Change Materials Market Share, By Type, By Value (USD Million), 2019–2030

Figure 23     South Korea Advanced Phase Change Materials Market Share, By Form, By Value (USD Million), 2019–2030

Figure 24     South Korea Advanced Phase Change Materials Market Share, By Application, By Value (USD Million), 2019–2030

Figure 25     Australia & New Zealand Advanced Phase Change Materials Market Size, By Value (USD Million), 2019–2030

Figure 26     Australia & New Zealand Advanced Phase Change Materials Market Share, By Type, By Value (USD Million), 2019–2030

Figure 27     Australia & New Zealand Advanced Phase Change Materials Market Share, By Form, By Value (USD Million), 2019–2030

Figure 28     Australia & New Zealand Advanced Phase Change Materials Market Share, By Application, By Value (USD Million), 2019–2030

Figure 29     Indonesia Advanced Phase Change Materials Market Size, By Value (USD Million), 2019–2030

Figure 30     Indonesia Advanced Phase Change Materials Market Share, By Type, By Value (USD Million), 2019–2030

Figure 31     Indonesia Advanced Phase Change Materials Market Share, By Form, By Value (USD Million), 2019–2030

Figure 32     Indonesia Advanced Phase Change Materials Market Share, By Application, By Value (USD Million), 2019–2030

Figure 33     Malaysia Advanced Phase Change Materials Market Size, By Value (USD Million), 2019–2030

Figure 34     Malaysia Advanced Phase Change Materials Market Share, By Type, By Value (USD Million), 2019–2030

Figure 35     Malaysia Advanced Phase Change Materials Market Share, By Form, By Value (USD Million), 2019–2030

Figure 36     Malaysia Advanced Phase Change Materials Market Share, By Application, By Value (USD Million), 2019–2030

Figure 37     Singapore Advanced Phase Change Materials Market Size, By Value (USD Million), 2019–2030

Figure 38     Singapore Advanced Phase Change Materials Market Share, By Type, By Value (USD Million), 2019–2030

Figure 39     Singapore Advanced Phase Change Materials Market Share, By Form, By Value (USD Million), 2019–2030

Figure 40     Singapore Advanced Phase Change Materials Market Share, By Application, By Value (USD Million), 2019–2030

Figure 41     Vietnam Advanced Phase Change Materials Market Size, By Value (USD Million), 2019–2030

Figure 42     Vietnam Advanced Phase Change Materials Market Share, By Type, By Value (USD Million), 2019–2030

Figure 43     Vietnam Advanced Phase Change Materials Market Share, By Form, By Value (USD Million), 2019–2030

Figure 44     Vietnam Advanced Phase Change Materials Market Share, By Application, By Value (USD Million), 2019–2030

Figure 45     Rest of APAC Advanced Phase Change Materials Market Size, By Value (USD Million), 2019–2030

Figure 46     Rest of APAC Advanced Phase Change Materials Market Share, By Type, By Value (USD Million), 2019–2030

Figure 47     Rest of APAC Advanced Phase Change Materials Market Share, By Form, By Value (USD Million), 2019–2030

Figure 48     Rest of APAC Advanced Phase Change Materials Market Share, By Application, By Value (USD Million), 2019–2030

 

List of Tables

Table 1        Asia Pacific Advanced Phase Change Materials Market Size, By Value (USD Million), 2019–2030

Table 2        Asia Pacific Advanced Phase Change Materials Market Share, By Type, By Value (USD Million), 2019–2030

Table 3        Asia Pacific Advanced Phase Change Materials Market Share, By Form, By Value (USD Million), 2019–2030

Table 4        Asia Pacific Advanced Phase Change Materials Market Share, By Application, By Value (USD Million), 2019–2030

Table 5        Asia Pacific Advanced Phase Change Materials Market Share, By Country, By Value (USD Million), 2019–2030

Table 6        China Advanced Phase Change Materials Market Size, By Value (USD Million), 2019–2030

Table 7        China Advanced Phase Change Materials Market Share, By Type, By Value (USD Million), 2019–2030

Table 8        China Advanced Phase Change Materials Market Share, By Form, By Value (USD Million), 2019–2030

Table 9        China Advanced Phase Change Materials Market Share, By Application, By Value (USD Million), 2019–2030

Table 10      India Advanced Phase Change Materials Market Size, By Value (USD Million), 2019–2030

Table 11      India Advanced Phase Change Materials Market Share, By Type, By Value (USD Million), 2019–2030

Table 12      India Advanced Phase Change Materials Market Share, By Form, By Value (USD Million), 2019–2030

Table 13      India Advanced Phase Change Materials Market Share, By Application, By Value (USD Million), 2019–2030

Table 14      Japan Advanced Phase Change Materials Market Size, By Value (USD Million), 2019–2030

Table 15      Japan Advanced Phase Change Materials Market Share, By Type, By Value (USD Million), 2019–2030

Table 16      Japan Advanced Phase Change Materials Market Share, By Form, By Value (USD Million), 2019–2030

Table 17      Japan Advanced Phase Change Materials Market Share, By Application, By Value (USD Million), 2019–2030

Table 18      South Korea Advanced Phase Change Materials Market Size, By Value (USD Million), 2019–2030

Table 19      South Korea Advanced Phase Change Materials Market Share, By Type, By Value (USD Million), 2019–2030

Table 20      South Korea Advanced Phase Change Materials Market Share, By Form, By Value (USD Million), 2019–2030

Table 21      South Korea Advanced Phase Change Materials Market Share, By Application, By Value (USD Million), 2019–2030

Table 22      Australia & New Zealand Advanced Phase Change Materials Market Size, By Value (USD Million), 2019–2030

Table 23      Australia & New Zealand Advanced Phase Change Materials Market Share, By Type, By Value (USD Million), 2019–2030

Table 24      Australia & New Zealand Advanced Phase Change Materials Market Share, By Form, By Value (USD Million), 2019–2030

Table 25      Australia & New Zealand Advanced Phase Change Materials Market Share, By Application, By Value (USD Million), 2019–2030

Table 26      Indonesia Advanced Phase Change Materials Market Size, By Value (USD Million), 2019–2030

Table 27      Indonesia Advanced Phase Change Materials Market Share, By Type, By Value (USD Million), 2019–2030

Table 28      Indonesia Advanced Phase Change Materials Market Share, By Form, By Value (USD Million), 2019–2030

Table 29      Indonesia Advanced Phase Change Materials Market Share, By Application, By Value (USD Million), 2019–2030

Table 30      Malaysia Advanced Phase Change Materials Market Size, By Value (USD Million), 2019–2030

Table 31      Malaysia Advanced Phase Change Materials Market Share, By Type, By Value (USD Million), 2019–2030

Table 32      Malaysia Advanced Phase Change Materials Market Share, By Form, By Value (USD Million), 2019–2030

Table 33      Malaysia Advanced Phase Change Materials Market Share, By Application, By Value (USD Million), 2019–2030

Table 34      Singapore Advanced Phase Change Materials Market Size, By Value (USD Million), 2019–2030

Table 35      Singapore Advanced Phase Change Materials Market Share, By Type, By Value (USD Million), 2019–2030

Table 36      Singapore Advanced Phase Change Materials Market Share, By Form, By Value (USD Million), 2019–2030

Table 37      Singapore Advanced Phase Change Materials Market Share, By Application, By Value (USD Million), 2019–2030

Table 38      Vietnam Advanced Phase Change Materials Market Size, By Value (USD Million), 2019–2030

Table 39      Vietnam Advanced Phase Change Materials Market Share, By Type, By Value (USD Million), 2019–2030

Table 40      Vietnam Advanced Phase Change Materials Market Share, By Form, By Value (USD Million), 2019–2030

Table 41      Vietnam Advanced Phase Change Materials Market Share, By Application, By Value (USD Million), 2019–2030

Table 42      Rest of APAC Advanced Phase Change Materials Market Size, By Value (USD Million), 2019–2030

Table 43      Rest of APAC Advanced Phase Change Materials Market Share, By Type, By Value (USD Million), 2019–2030

Table 44      Rest of APAC Advanced Phase Change Materials Market Share, By Form, By Value (USD Million), 2019–2030

Table 45      Rest of APAC Advanced Phase Change Materials Market Share, By Application, By Value (USD Million), 2019–2030

Table 46      BASF SE Company Overview

Table 47      BASF SE Financial Overview

Table 48      Honeywell Company Overview

Table 49      Honeywell Financial Overview

Table 50      Dow Chemical Company Overview

Table 51      Dow Chemical Financial Overview

Table 52      Mitsui Chemicals Company Overview

Table 53      Mitsui Chemicals Financial Overview

Table 54      PCM Energy P. Ltd Company Overview

Table 55      PCM Energy P. Ltd Financial Overview

Table 56      Dongguan Ziitek Electronic Materials & Technology Ltd Company Overview

Table 57      Dongguan Ziitek Electronic Materials & Technology Ltd Financial Overview

Table 58      China National Building Material Group Corporation Company Overview

Table 59      China National Building Material Group Corporation Financial Overview

Table 60      PLUSS Company Overview

Table 61      PLUSS Financial Overview

Table 62      B P Refcool Company Overview

Table 63      B P Refcool Financial Overview

Table 64      Insilico Co. Ltd Company Overview

Table 65      Insilico Co. Ltd Financial Overview

Table 66      Dongguan Guo Heng plastic technology co., LTD Company Overview

Table 67      Dongguan Guo Heng plastic technology co., LTD Financial Overview

Table 68      BOCA International Limited (BIL) Company Overview

Table 69      BOCA International Limited (BIL) Financial Overview

Market Segmentation

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Frequently Asked Questions (FAQs):

Ans: The Asia Pacific Advanced Phase Change Materials (PCM) Market size by value was estimated at USD 587.65 million in 2023.
Ans: The Asia Pacific Advanced Phase Change Materials (PCM) Market by value is expected to grow at a CAGR of 6.05% during the forecast period between 2024 and 2030.
Ans: The Asia Pacific Advanced Phase Change Materials (PCM) Market size is forecast to reach a value of USD 890.13 million by 2030.
Ans: The growth of the Asia Pacific Advanced Phase Change Materials (PCM) Market is primarily driven by increasing demand for energy-efficient buildings, growing awareness of environmental sustainability, and expanding applications in various industries.
Ans: China accounts for the highest market share in the Asia Pacific Advanced Phase Change Materials (PCM) Market.
Ans: The encapsulated segment accounts for the highest market share in the Asia Pacific Advanced Phase Change Materials (PCM) Market by form.
Ans: The inorganic PCM segment accounts for a higher market share in the Asia Pacific Advanced Phase Change Materials (PCM) Market by type.
Ans: Key players in Asia Pacific Advanced Phase Change Materials (PCM) Market include BASF SE, Honeywell, Dow Chemical, Mitsui Chemicals, PCM Energy P Ltd, Dongguan Ziitek Electronic Materials & Technology Ltd, China National Building Material Group Corporation, PLUSS, B P Refcool, Insilico Co. Ltd, Dongguan Guo Heng plastic technology co., LTD, and BOCA International Limited (BIL).