Market Overview:
The global light-to-heat conversion functional material market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for photothermal therapy, sterilization, and micro generators. In addition, the growing awareness about energy conservation is also propelling the growth of this market. Based on type, the global light-to-heat conversion functional material market can be segmented into heat storage material, thermally conductive material, thermoelectric material, and heat collection material. Heat storage materials are used to store thermal energy in a latent form until it is required for use. Thermally conductive materials are used to transfer thermal energy from one object to another by conduction or convection. Thermoelectric materials are used in devices that convert temperature differences into electrical voltage or current flow.
Product Definition:
Light-to-heat conversion functional material is a material that can convert light energy into heat energy. This type of material is important because it can be used to generate heat for various applications, such as heating buildings or producing electricity.
Heat Storage Material:
Heat storage material is a substance that can store thermal energy. The most common heat storage materials are water, rock beds, and ice. Heat storage materials have applications in various sectors including power generation & distribution, oil & gas industry, domestic hot water generation and space heating among others. Growth of the global renewable energy sector coupled with rising demand for space heating is expected to drive the market over the forecast period.
Thermally Conductive Material:
Thermally conductive materials are used in light-to-heat conversion functional material market. They have a high thermal efficiency and low emissivity which makes them suitable for use in the optical, solar energy, and heat transfer industries.
Application Insights:
The global light-to-heat conversion functional material market by application is segmented into photothermal therapy, sterilization, micro generator, shape memory, and others. Photothermal therapy was the largest application segment in 2017 and is expected to grow at a CAGR of XX% from 2018 to 2030. The growth can be attributed to factors such as increasing adoption of photothermal therapies for various medical conditions including cancer.
Photothermally activated drugs are used for various medical applications owing to their ability to deliver drugs in a targeted manner within tissue with high efficiency and specificity compared with conventional methods such as ultrasound or ionizing radiation which have been used until now. This technology also has potential uses in the treatment of cardiovascular diseases since it reduces damage caused by thermal stress on the heart tissues during surgery (photothermy).
Regional Analysis:
Europe was the leading revenue contributor in the global market and accounted for over 35% of the total share in 2016. The region is expected to maintain its dominance over the forecast period owing to rising product demand from various end-use industries, such as medical & healthcare, automotive & transportation, industrial machinery, domestic applications.
The Asia Pacific regional market is anticipated to witness significant growth during the forecast period due to increasing awareness regarding light-to-heat conversion functional materials among manufacturers and consumers. Rising investments by governments of developing countries such as India and China are also contributing towards industry growth in APAC region.
Growth Factors:
- Increasing demand for energy-efficient lighting solutions
- Rising awareness about the benefits of light-to-heat conversion functional materials
- Growing demand from the automotive industry for thermal management systems
- Proliferation of LED lighting technology
- Technological advancements in light-to-heat conversion functional materials
Scope Of The Report
Report Attributes
Report Details
Report Title
Light-to-heat Conversion Functional Material Market Research Report
By Type
Heat Storage Material, Thermally Conductive Material, Thermoelectric Material, Heat Collection Material
By Application
Photothermal Therapy, Sterilization, Micro Generator, Shape Memory, Others
By Companies
NanoComposix, Siva Therapeutics, Teledyne Imaging, PCM Products Ltd, Merus Power, SUMITOMO CHEMICAL COMPANY, LIMITED, Phase Energy Ltd, Crystal Ltd., Power Products Internationa, Thermonamic, NanoComposix, Marian
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Light-to-heat Conversion Functional Material Market Report Segments:
The global Light-to-heat Conversion Functional Material market is segmented on the basis of:
Types
Heat Storage Material, Thermally Conductive Material, Thermoelectric Material, Heat Collection Material
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Photothermal Therapy, Sterilization, Micro Generator, Shape Memory, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- NanoComposix
- Siva Therapeutics
- Teledyne Imaging
- PCM Products Ltd
- Merus Power
- SUMITOMO CHEMICAL COMPANY, LIMITED
- Phase Energy Ltd
- Crystal Ltd.
- Power Products Internationa
- Thermonamic
- NanoComposix
- Marian
Highlights of The Light-to-heat Conversion Functional Material Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Heat Storage Material
- Thermally Conductive Material
- Thermoelectric Material
- Heat Collection Material
- By Application:
- Photothermal Therapy
- Sterilization
- Micro Generator
- Shape Memory
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Light-to-heat Conversion Functional Material Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Light-to-heat conversion functional material is a type of insulation material that can convert light into heat. This type of insulation material is used in buildings to reduce the amount of energy needed to heat the building.
Some of the major companies in the light-to-heat conversion functional material market are NanoComposix, Siva Therapeutics, Teledyne Imaging, PCM Products Ltd, Merus Power, SUMITOMO CHEMICAL COMPANY, LIMITED, Phase Energy Ltd, Crystal Ltd., Power Products Internationa, Thermonamic, NanoComposix, Marian.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Light-to-heat Conversion Functional Material Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Light-to-heat Conversion Functional Material Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Light-to-heat Conversion Functional Material Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Light-to-heat Conversion Functional Material Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Light-to-heat Conversion Functional Material Market Size & Forecast, 2018-2028
4.5.1 Light-to-heat Conversion Functional Material Market Size and Y-o-Y Growth
4.5.2 Light-to-heat Conversion Functional Material Market Absolute $ Opportunity
Chapter 5 Global Light-to-heat Conversion Functional Material Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Light-to-heat Conversion Functional Material Market Size Forecast by Type
5.2.1 Heat Storage Material
5.2.2 Thermally Conductive Material
5.2.3 Thermoelectric Material
5.2.4 Heat Collection Material
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Light-to-heat Conversion Functional Material Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Light-to-heat Conversion Functional Material Market Size Forecast by Applications
6.2.1 Photothermal Therapy
6.2.2 Sterilization
6.2.3 Micro Generator
6.2.4 Shape Memory
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Light-to-heat Conversion Functional Material Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Light-to-heat Conversion Functional Material Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Light-to-heat Conversion Functional Material Analysis and Forecast
9.1 Introduction
9.2 North America Light-to-heat Conversion Functional Material Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Light-to-heat Conversion Functional Material Market Size Forecast by Type
9.6.1 Heat Storage Material
9.6.2 Thermally Conductive Material
9.6.3 Thermoelectric Material
9.6.4 Heat Collection Material
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Light-to-heat Conversion Functional Material Market Size Forecast by Applications
9.10.1 Photothermal Therapy
9.10.2 Sterilization
9.10.3 Micro Generator
9.10.4 Shape Memory
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Light-to-heat Conversion Functional Material Analysis and Forecast
10.1 Introduction
10.2 Europe Light-to-heat Conversion Functional Material Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Light-to-heat Conversion Functional Material Market Size Forecast by Type
10.6.1 Heat Storage Material
10.6.2 Thermally Conductive Material
10.6.3 Thermoelectric Material
10.6.4 Heat Collection Material
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Light-to-heat Conversion Functional Material Market Size Forecast by Applications
10.10.1 Photothermal Therapy
10.10.2 Sterilization
10.10.3 Micro Generator
10.10.4 Shape Memory
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Light-to-heat Conversion Functional Material Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Light-to-heat Conversion Functional Material Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Light-to-heat Conversion Functional Material Market Size Forecast by Type
11.6.1 Heat Storage Material
11.6.2 Thermally Conductive Material
11.6.3 Thermoelectric Material
11.6.4 Heat Collection Material
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Light-to-heat Conversion Functional Material Market Size Forecast by Applications
11.10.1 Photothermal Therapy
11.10.2 Sterilization
11.10.3 Micro Generator
11.10.4 Shape Memory
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Light-to-heat Conversion Functional Material Analysis and Forecast
12.1 Introduction
12.2 Latin America Light-to-heat Conversion Functional Material Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Light-to-heat Conversion Functional Material Market Size Forecast by Type
12.6.1 Heat Storage Material
12.6.2 Thermally Conductive Material
12.6.3 Thermoelectric Material
12.6.4 Heat Collection Material
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Light-to-heat Conversion Functional Material Market Size Forecast by Applications
12.10.1 Photothermal Therapy
12.10.2 Sterilization
12.10.3 Micro Generator
12.10.4 Shape Memory
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Light-to-heat Conversion Functional Material Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Light-to-heat Conversion Functional Material Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Light-to-heat Conversion Functional Material Market Size Forecast by Type
13.6.1 Heat Storage Material
13.6.2 Thermally Conductive Material
13.6.3 Thermoelectric Material
13.6.4 Heat Collection Material
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Light-to-heat Conversion Functional Material Market Size Forecast by Applications
13.10.1 Photothermal Therapy
13.10.2 Sterilization
13.10.3 Micro Generator
13.10.4 Shape Memory
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Light-to-heat Conversion Functional Material Market: Competitive Dashboard
14.2 Global Light-to-heat Conversion Functional Material Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 NanoComposix
14.3.2 Siva Therapeutics
14.3.3 Teledyne Imaging
14.3.4 PCM Products Ltd
14.3.5 Merus Power
14.3.6 SUMITOMO CHEMICAL COMPANY, LIMITED
14.3.7 Phase Energy Ltd
14.3.8 Crystal Ltd.
14.3.9 Power Products Internationa
14.3.10 Thermonamic
14.3.11 NanoComposix
14.3.12 Marian
