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Chemicals & Materials
Global Phase Change Materials Market, By Medical Laboratories
| Label | North America | Europe | Asia-Pacific | Latin America | Middle East & Africa |
|---|---|---|---|---|---|
| 2019 | 386.46 USD Mn | 291.48 USD Mn | 197.63 USD Mn | 71.96 USD Mn | 31.24 USD Mn |
| 2020 | 418.67 USD Mn | 314.77 USD Mn | 211.08 USD Mn | 77.18 USD Mn | 32.07 USD Mn |
| 2021 | 479.13 USD Mn | 359.16 USD Mn | 238.17 USD Mn | 87.47 USD Mn | 34.71 USD Mn |
| 2022 | 558.56 USD Mn | 417.51 USD Mn | 273.75 USD Mn | 100.98 USD Mn | 38.17 USD Mn |
| 2023 | 656.24 USD Mn | 489.23 USD Mn | 317.1 USD Mn | 117.52 USD Mn | 42.19 USD Mn |
| 2024 | 769.63 USD Mn | 572.35 USD Mn | 366.66 USD Mn | 136.54 USD Mn | 46.42 USD Mn |
| 2025 | 903.42 USD Mn | 670.3 USD Mn | 424.34 USD Mn | 158.81 USD Mn | 50.95 USD Mn |
| 2026 | 1044.91 USD Mn | 773.67 USD Mn | 483.89 USD Mn | 182.04 USD Mn | 54.89 USD Mn |
| 2027 | 1210.51 USD Mn | 894.57 USD Mn | 552.68 USD Mn | 209.02 USD Mn | 58.99 USD Mn |
| 2028 | 1405.71 USD Mn | 1037.06 USD Mn | 632.76 USD Mn | 240.63 USD Mn | 63.23 USD Mn |
Data Source: Wantstats Repository
Growth Outlook
- The Global Phase Change Materials Market, By Others market is on a steady long-term growth path. Segment value stands at roughly USD 2539 Mn in 2026 and is projected to reach USD 3379 Mn by 2028 — a gain of about 33% over the forecast period, translating to a CAGR in the double digits.
- 2028: North America leads this comparison at 1. 41B USD — 42% of the combined total across all 5 groups shown.
- What the regional split looks like (2026): North America leads, holding roughly 41% of segment value — the single largest regional share. Europe is the second-largest contributor. Asia-Pacific, Latin America and Middle East & Africa make up the remainder, in descending order.
- By 2028, North America alone is expected to reach USD 1406 Mn, with Europe at USD 1037 Mn.
Market Dynamics
2028: North America leads this comparison at 1.41B USD — 42% of the combined total across all 5 groups shown.
Europe follows at 1.04B USD, 26% smaller than North America.
North America: 386.46M USD in 2019 to 1.41B USD by 2028, up 264%.
Europe grows to 1.04B USD by 2028, from 291.48M USD in 2019 — 256% up.
Asia-Pacific: 197.63M USD to 632.76M USD, 220% higher by 2028.
Latin America: up 234% over the period, 71.96M USD to 240.63M USD.
Middle East & Africa climbs from 31.24M USD (2019) to 63.23M USD (2028), a 102% gain.
Add every series together and the total reaches 3.38B USD by 2028, 245% above the 2019 combined figure of 978.77M USD.
Reading This As A Comparison
This chart compares 5 series side by side, not one trend over time. Read them against each other — the biggest number in the room is not automatically the most important line to follow.
The largest series today is not guaranteed to stay largest — check the growth rate of each group, not just its current size, before projecting the ranking forward.
For planning purposes, the end-year figure and the growth rate are the two numbers that matter. Together they show how large the Global Phase Change Materials market is projected to become and how quickly it gets there.
This is a market research forecast, not an official statistic. Values after the 2018 base year are modeled projections to 2028, based on supply-side and demand-side analysis, and are updated when market conditions change.
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Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.