The Latin America, Middle East and Africa Advanced Phase Change Materials Market would witness market growth of 14.0% CAGR during the forecast period (2022-2028).
The market for advanced phase change materials is being driven by a growing awareness of the importance of decreasing greenhouse gas emissions, tight building requirements, and a growing desire for renewable energy sources. Furthermore, excess supply for these resources from the construction industry is propelling the market forward. Factors such as increased energy conservation awareness, continuous technical advancements, and rising levels of urbanization in developing nations are projected to be further market drivers.
An ice cube is the most common illustration of this form of heat energy. An ice cube would absorb the heat energy from the drink by using its latent heat capacity. An ice cube melts because it consumes all of the latent energy available to it. Sensible heat, on the other hand, is the amount of energy required to increase the heating of a material without changing its phase. When latent and sensible heat operates together, they can maintain a specific temperature for a long time.
The UAE government prioritizes energy and infrastructure investments, such as utilities, renewable, transportation, decarburization, and nuclear energy generation, and tackling the country's persistent water scarcity. The government's strong dedication and resources have resulted in the establishment of several mega-project prospects for UAE construction and engineering firms. The Al-Nouf seawater treatment plant of the Abu Dhabi National Oil Company (ADNOC), the Dubai Municipality intend to create a corporate strategy sewage treatment tunnel, and other mega building projects like the redevelopment of Mina Rashid in Dubai and the Dubai International Financial Centre Expansion 2.0 announced.
The Brazil market dominated the LAMEA Advanced Phase Change Materials Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $59.2 million by 2028. The Argentina market is exhibiting a CAGR of 14.6% during (2022 - 2028). Additionally, The UAE market would witness a CAGR of 13.7% during (2022 - 2028).
Based on Application, the market is segmented into Building & Construction, Energy Storage, Shipping & Transportation, HVAC, Electronics, Textiles, and Others. Based on Type, the market is segmented into Organic PCM, Inorganic PCM, and Bio-based PCM. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Advanced Phase Change Materials Market is Predict to reach $2.8 Billion by 2028, at a CAGR of 10.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include PLUSS Advanced Technologies, BASF SE, Entropy Solutions, Outlast Technologies GmbH, DuPont de Nemours, Inc., Sonoco Products Company, Phase Change Solutions, Cryopak, Microtek Laboratories, Inc., and ADVANSA Marketing GmbH.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Building & Construction
- Energy Storage
- Shipping & Transportation
- HVAC
- Electronics
- Textiles
- Others
By Type
- Organic PCM
- Inorganic PCM
- Bio-based PCM
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- PLUSS Advanced Technologies
- BASF SE
- Entropy Solutions
- Outlast Technologies GmbH
- DuPont de Nemours, Inc.
- Sonoco Products Company
- Phase Change Solutions
- Cryopak
- Microtek Laboratories, Inc.
- ADVANSA Marketing GmbH
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Advanced Phase Change Materials Market, by Application
1.4.2 LAMEA Advanced Phase Change Materials Market, by Type
1.4.3 LAMEA Advanced Phase Change Materials Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Advanced Phase Change Materials Market by Application
3.1 LAMEA Building & Construction Market by Country
3.2 LAMEA Energy Storage Market by Country
3.3 LAMEA Shipping & Transportation Market by Country
3.4 LAMEA HVAC Market by Country
3.5 LAMEA Electronics Market by Country
3.6 LAMEA Textiles Market by Country
3.7 LAMEA Others Market by Country
Chapter 4. LAMEA Advanced Phase Change Materials Market by Type
4.1 LAMEA Organic PCM Market by Country
4.2 LAMEA Inorganic PCM Market by Country
4.3 LAMEA Bio-based PCM Market by Country
Chapter 5. LAMEA Advanced Phase Change Materials Market by Country
5.1 Brazil Advanced Phase Change Materials Market
5.1.1 Brazil Advanced Phase Change Materials Market by Application
5.1.2 Brazil Advanced Phase Change Materials Market by Type
5.2 Argentina Advanced Phase Change Materials Market
5.2.1 Argentina Advanced Phase Change Materials Market by Application
5.2.2 Argentina Advanced Phase Change Materials Market by Type
5.3 UAE Advanced Phase Change Materials Market
5.3.1 UAE Advanced Phase Change Materials Market by Application
5.3.2 UAE Advanced Phase Change Materials Market by Type
5.4 Saudi Arabia Advanced Phase Change Materials Market
5.4.1 Saudi Arabia Advanced Phase Change Materials Market by Application
5.4.2 Saudi Arabia Advanced Phase Change Materials Market by Type
5.5 South Africa Advanced Phase Change Materials Market
5.5.1 South Africa Advanced Phase Change Materials Market by Application
5.5.2 South Africa Advanced Phase Change Materials Market by Type
5.6 Nigeria Advanced Phase Change Materials Market
5.6.1 Nigeria Advanced Phase Change Materials Market by Application
5.6.2 Nigeria Advanced Phase Change Materials Market by Type
5.7 Rest of LAMEA Advanced Phase Change Materials Market
5.7.1 Rest of LAMEA Advanced Phase Change Materials Market by Application
5.7.2 Rest of LAMEA Advanced Phase Change Materials Market by Type
Chapter 6. Company Profiles
6.1 PLUSS Advanced Technologies
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expenses
6.2 BASF SE
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental and Regional Analysis
6.2.4 Research & Development Expense
6.2.5 Recent strategies and developments:
6.2.5.1 Partnerships, Collaborations, and Agreements:
6.3 Entropy Solutions
6.3.1 Company Overview
6.4 Outlast Technologies GmbH
6.4.1 Company Overview
6.4.2 Recent strategies and developments:
6.4.2.1 Product Launches and Product Expansions:
6.5 DuPont de Nemours, Inc.
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Segmental and Regional Analysis
6.5.4 Research & Development Expense
6.6 Sonoco Products Company
6.6.1 Company Overview
6.6.2 Financial Analysis
6.6.3 Segmental and Regional Analysis
6.6.4 Research & Development Expense
6.7 Phase Change Solutions
6.7.1 Company Overview
6.8 Cryopak (Integreon Global)
6.8.1 Company Overview
6.9 Microtek Laboratories, Inc.
6.9.1 Company Overview
6.10. ADVANSA Marketing GmbH
6.10.1 Company Overview
6.10.2 Recent strategies and developments:
6.10.2.1 Product Launches and Product Expansions:
TABLE 1 LAMEA Advanced Phase Change Materials Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Advanced Phase Change Materials Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Advanced Phase Change Materials Market by Application, 2018 - 2021, USD Million
TABLE 4 LAMEA Advanced Phase Change Materials Market by Application, 2022 - 2028, USD Million
TABLE 5 LAMEA Building & Construction Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Building & Construction Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Energy Storage Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Energy Storage Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Shipping & Transportation Market by Country, 2018 - 2021, USD Million
TABLE 10 LAMEA Shipping & Transportation Market by Country, 2022 - 2028, USD Million
TABLE 11 LAMEA HVAC Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA HVAC Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Electronics Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Electronics Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Textiles Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Textiles Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Others Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Others Market by Country, 2022 - 2028, USD Million
TABLE 19 LAMEA Advanced Phase Change Materials Market by Type, 2018 - 2021, USD Million
TABLE 20 LAMEA Advanced Phase Change Materials Market by Type, 2022 - 2028, USD Million
TABLE 21 LAMEA Organic PCM Market by Country, 2018 - 2021, USD Million
TABLE 22 LAMEA Organic PCM Market by Country, 2022 - 2028, USD Million
TABLE 23 LAMEA Inorganic PCM Market by Country, 2018 - 2021, USD Million
TABLE 24 LAMEA Inorganic PCM Market by Country, 2022 - 2028, USD Million
TABLE 25 LAMEA Bio-based PCM Market by Country, 2018 - 2021, USD Million
TABLE 26 LAMEA Bio-based PCM Market by Country, 2022 - 2028, USD Million
TABLE 27 LAMEA Advanced Phase Change Materials Market by Country, 2018 - 2021, USD Million
TABLE 28 LAMEA Advanced Phase Change Materials Market by Country, 2022 - 2028, USD Million
TABLE 29 Brazil Advanced Phase Change Materials Market, 2018 - 2021, USD Million
TABLE 30 Brazil Advanced Phase Change Materials Market, 2022 - 2028, USD Million
TABLE 31 Brazil Advanced Phase Change Materials Market by Application, 2018 - 2021, USD Million
TABLE 32 Brazil Advanced Phase Change Materials Market by Application, 2022 - 2028, USD Million
TABLE 33 Brazil Advanced Phase Change Materials Market by Type, 2018 - 2021, USD Million
TABLE 34 Brazil Advanced Phase Change Materials Market by Type, 2022 - 2028, USD Million
TABLE 35 Argentina Advanced Phase Change Materials Market, 2018 - 2021, USD Million
TABLE 36 Argentina Advanced Phase Change Materials Market, 2022 - 2028, USD Million
TABLE 37 Argentina Advanced Phase Change Materials Market by Application, 2018 - 2021, USD Million
TABLE 38 Argentina Advanced Phase Change Materials Market by Application, 2022 - 2028, USD Million
TABLE 39 Argentina Advanced Phase Change Materials Market by Type, 2018 - 2021, USD Million
TABLE 40 Argentina Advanced Phase Change Materials Market by Type, 2022 - 2028, USD Million
TABLE 41 UAE Advanced Phase Change Materials Market, 2018 - 2021, USD Million
TABLE 42 UAE Advanced Phase Change Materials Market, 2022 - 2028, USD Million
TABLE 43 UAE Advanced Phase Change Materials Market by Application, 2018 - 2021, USD Million
TABLE 44 UAE Advanced Phase Change Materials Market by Application, 2022 - 2028, USD Million
TABLE 45 UAE Advanced Phase Change Materials Market by Type, 2018 - 2021, USD Million
TABLE 46 UAE Advanced Phase Change Materials Market by Type, 2022 - 2028, USD Million
TABLE 47 Saudi Arabia Advanced Phase Change Materials Market, 2018 - 2021, USD Million
TABLE 48 Saudi Arabia Advanced Phase Change Materials Market, 2022 - 2028, USD Million
TABLE 49 Saudi Arabia Advanced Phase Change Materials Market by Application, 2018 - 2021, USD Million
TABLE 50 Saudi Arabia Advanced Phase Change Materials Market by Application, 2022 - 2028, USD Million
TABLE 51 Saudi Arabia Advanced Phase Change Materials Market by Type, 2018 - 2021, USD Million
TABLE 52 Saudi Arabia Advanced Phase Change Materials Market by Type, 2022 - 2028, USD Million
TABLE 53 South Africa Advanced Phase Change Materials Market, 2018 - 2021, USD Million
TABLE 54 South Africa Advanced Phase Change Materials Market, 2022 - 2028, USD Million
TABLE 55 South Africa Advanced Phase Change Materials Market by Application, 2018 - 2021, USD Million
TABLE 56 South Africa Advanced Phase Change Materials Market by Application, 2022 - 2028, USD Million
TABLE 57 South Africa Advanced Phase Change Materials Market by Type, 2018 - 2021, USD Million
TABLE 58 South Africa Advanced Phase Change Materials Market by Type, 2022 - 2028, USD Million
TABLE 59 Nigeria Advanced Phase Change Materials Market, 2018 - 2021, USD Million
TABLE 60 Nigeria Advanced Phase Change Materials Market, 2022 - 2028, USD Million
TABLE 61 Nigeria Advanced Phase Change Materials Market by Application, 2018 - 2021, USD Million
TABLE 62 Nigeria Advanced Phase Change Materials Market by Application, 2022 - 2028, USD Million
TABLE 63 Nigeria Advanced Phase Change Materials Market by Type, 2018 - 2021, USD Million
TABLE 64 Nigeria Advanced Phase Change Materials Market by Type, 2022 - 2028, USD Million
TABLE 65 Rest of LAMEA Advanced Phase Change Materials Market, 2018 - 2021, USD Million
TABLE 66 Rest of LAMEA Advanced Phase Change Materials Market, 2022 - 2028, USD Million
TABLE 67 Rest of LAMEA Advanced Phase Change Materials Market by Application, 2018 - 2021, USD Million
TABLE 68 Rest of LAMEA Advanced Phase Change Materials Market by Application, 2022 - 2028, USD Million
TABLE 69 Rest of LAMEA Advanced Phase Change Materials Market by Type, 2018 - 2021, USD Million
TABLE 70 Rest of LAMEA Advanced Phase Change Materials Market by Type, 2022 - 2028, USD Million
TABLE 71 Key Information – PLUSS Advanced Technologies
TABLE 72 Key Information – BASF SE
TABLE 73 Key Information – Entropy Solution
TABLE 74 Key Information – Outlast Technologies GmbH
TABLE 75 Key Information – DuPont de Nemours, Inc.
TABLE 76 Key Information – Sonoco Products Company
TABLE 77 Key Information – Phase Change Solutions
TABLE 78 Key Information – Cryopak
TABLE 79 Key Information – Microtek Laboratories, Inc.
TABLE 80 Key Information – ADVANSA Marketing GmbH
List of Figures
FIG 1 Methodology for the research