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Microencapsulated Paraffin Phase Change Materials Market Share

Report ID: GMI5244
Published Date: Dec 2024
Report Format: PDF

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Microencapsulated Paraffin Phase Change Materials Market Share

Microencapsulated Paraffin Phase Change Materials Market Company Share, (2024)

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The competitive landscape of the microencapsulated paraffin phase change materials (PCMs) market is shaped by key players such as Andores New Energy, BASF, Microtek Laboratories, Rubitherm, and Tempered Entropy. These companies are focused on developing advanced encapsulation technologies to enhance the thermal performance and durability of paraffin PCMs. BASF, with its strong chemical expertise, has been leading innovations in PCM formulations, providing high-quality solutions for energy-efficient applications.

Rubitherm, a notable player in the PCM market, continues to invest in research and development, focusing on providing efficient thermal management for various industries, from construction to electronics. Companies like Microtek Laboratories and Tempered Entropy are also gaining traction by offering customized PCM solutions to cater to the growing demand for sustainable energy storage and temperature-regulating materials.

The market is highly competitive, with companies focusing on strategic collaborations and partnerships to expand their product portfolios and market reach. For instance, Andores New Energy is capitalizing on its expertise in energy storage systems to integrate paraffin PCMs into renewable energy solutions. In contrast, Microtek Laboratories is emphasizing the development of eco-friendly and cost-effective PCMs to meet the demand from green building initiatives. With growing emphasis on sustainability and energy efficiency, these companies are increasingly focusing on R&D to innovate and improve PCM performance. As the demand for microencapsulated PCMs grows across industries like HVAC, construction, and textiles, competition among these players is expected to intensify, fostering continuous product advancements and market expansion.

Microencapsulated Paraffin Phase Change Materials Market Companies

Major players operating in the microencapsulated paraffin phase change materials industry are:

Andores New Energy
BASF
Microtek Laboratories
Rubitherm
Raha Paraffin
Tempered Entropy

Authors: Kiran Pulidindi, Akshay Prakash

Frequently Asked Questions (FAQ) :

The global market size for microencapsulated paraffin phase change materials was valued at USD 257.5 million in 2024 and is expected to reach USD 498.2 million by 2034, driven by a CAGR of over 6.6% from 2025 to 2034.

The building & construction sector generated USD 74.4 million in revenue in 2024 and is expected to reach USD 154.8 million by 2034, driven by the integration of PCMs to increase thermal mass and reduce energy consumption.

The U.S. market was valued at USD 55.7 million in 2024, driven by the rising focus on energy-efficient buildings and sustainable construction practices.

Major players in the industry include Andores New Energy, BASF, Microtek Laboratories, Rubitherm, Raha Paraffin, and Tempered Entropy.