Phase Change Materials Industry Statistics

In this post, we will explore the dynamic landscape of the Phase Change Materials industry, backed by a myriad of compelling statistics. From staggering market valuations to impressive growth projections across various applications and regions, these statistics paint a vivid picture of the evolving opportunities and advancements within the realm of Phase Change Materials. Let’s dive into the numbers that are shaping the future of this innovative industry.

Statistic 1

"By 2026, the Phase Change Materials market is projected to reach a valuation of US$ 2,822.4 Mn."

Statistic 2

"The global phase change materials market is expected to grow at a CAGR of around 16% during 2020-2025."

Statistic 3

"The bio-based phase change materials market exceeded USD 100 million in 2018."

Statistic 4

"The building & construction application contributed USD 350 Million in 2019 to PCM market."

Statistic 5

"Paraffins are estimated to contribute above 50% of the total phase change materials market revenue globally."

Statistic 6

"The phase change materials market in Europe is expected to grow at the highest CAGR between 2019 and 2025."

Statistic 7

"The North American PCM market is anticipated to achieve over 15% CAGR up to 2024."

Statistic 8

"In 2019, the Asia Pacific PCM market generated a revenue of over USD 300 Million."

Statistic 9

"The global Phase Change Materials in Electronics market was valued at US$ 392.6 Mn in 2020."

Statistic 10

"The textile market using PCM is expected to register a CAGR of more than 20% during the forecast period of 2021-2026."

Statistic 11

"The Bio-Based Phase Change Materials Market size is expected to exceed more than USD 150 million by 2027."

Statistic 12

"The market size of Phase Change Materials for building and construction is set to surpass USD 500 Million by 2027."

Statistic 13

"The Global PCM Market in the Building and Construction sector is projected to display a robust growth represented by a CAGR of 20.8% during 2020 - 2025."

Statistic 14

"The estimated global PCM market value crossed USD 3 billion in 2019."

Statistic 15

"The Phase Change Materials in cooling system market size is expected to grow from USD 681 Million in 2020 to USD 822 Million by 2025."

Statistic 16

"Advanced PCM in the Asia Pacific region is anticipated to grow at a CAGR of more than 20% during 2017 - 2025."

Statistic 17

"The estimated global market value for Phase Change material is expected to reach USD 4,174.5 Million by 2026."

The statistics presented indicate a promising outlook for the phase change materials industry, with significant growth projections in various sectors such as building & construction, electronics, textiles, and cooling systems. The market is expected to expand at a substantial rate globally, with regions like Europe and Asia Pacific displaying particularly strong growth rates. The increasing adoption of bio-based phase change materials also suggests a shift towards more sustainable practices within the industry. Furthermore, the consistent rise in market valuations and the anticipated crossing of key revenue milestones highlight the growing importance and demand for phase change materials in diverse applications.