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Phase Change Materials Market by Type, Application, and Region - Global Forecasts to 2030- Product Image
Phase Change Materials Market by Type, Application, and Region - Global Forecasts to 2030- Product Image
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Phase Change Materials Market by Type, Application, and Region - Global Forecasts to 2030

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    Report

  • 223 Pages
  • October 2025
  • Region: Global
  • Markets and Markets
  • ID: 5179232
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Description Jump to:
The phase change materials market size was USD 729.76 million in 2025 and is projected to reach USD 1.63 billion by 2030, at a CAGR of 17.58%.

Use of phase change materials for temperature control and greater comfort driving market growth

One of the main factors driving the global phase change material (PCM) market is the use of these materials for temperature control and increased comfort. By absorbing, storing, and releasing heat during phase transitions, PCMs contribute to stable temperatures and provide the best possible thermal comfort in a variety of settings. PCMs are incorporated into walls, ceilings, and flooring in buildings and construction to improve occupant comfort, minimize energy use, and lessen indoor temperature swings. These materials offer better thermal regulation in textiles, car interiors, and packaging, enhancing user experience and product performance. The need for climate-responsive materials and energy-efficient solutions is increasing, and PCMs' contribution to better temperature control and long-term comfort is growing as well. As a result, multiple end-use industries around the world are adopting PCMs.

Thermal energy storage to be third-fastest growing application of phase change materials, in terms of value, during forecast period.

The growing demand for effective energy management and the integration of renewable energy sources is propelling the adoption of phase change materials in thermal energy storage applications. In order to balance the supply and demand for energy in residential, commercial, and industrial systems, PCMs are essential for storing excess thermal energy and releasing it when needed. To improve energy efficiency and system dependability, they are being utilized in waste heat recovery systems, district heating systems, and solar power plants. PCMs are a desirable substitute for traditional storage systems due to their capacity to offer steady, long-duration energy storage with negligible losses.

The use of PCM in thermal energy storage applications is also being accelerated by the global trend toward sustainable energy solutions, government incentives for renewable energy projects, and technological developments in material encapsulation and performance optimization.

Demand for eutectic phase change materials driven by their adjustable phase transition range and precise temperature control.

Made from a blend of inorganic and organic materials, eutectic PCMs are engineered to reach a precise melting point appropriate for regulated thermal applications. However, compared to organic and inorganic PCMs, their adoption has been limited due to their limited commercial use, high material cost, and higher production complexity. The low adoption of these materials is also due to the difficulties in attaining long-term stability and the requirement for careful formulation. Despite these limitations, eutectic PCMs have benefits like precise temperature control and adjustable phase transition ranges, which make them appropriate for niche uses like medical storage and electronics cooling. Moderate growth in specialized applications needing specialized thermal management is anticipated with sustained R&D efforts.

Asia Pacific to account for third-largest share of global phase change materials market, in terms of value

In 2024, Asia Pacific was the third-largest contributor to the global phase change materials (PCM) market. The market in the region is driven by industrialization, accelerated urbanization, and ramped-up investments in energy-saving technologies. The region's widening construction industry, with the major contributions of China, India, Japan, and South Korea, is promoting the use of PCM in building insulation, HVAC systems, and intelligent infrastructure to enhance thermal comfort and save energy. In addition, increasing demand for pharmaceutical, food, and beverage cold chain logistics has further fueled the use of PCM in temperature-controlled packaging and transport. Nevertheless, a lack of awareness, high initial investment, and slower regulatory acceptance relative to developed countries have marginally restricted market penetration. Persistent infrastructure growth, technology improvements, and an increasing emphasis on sustainable energy management are expected to support the development of the PCM market in Asia Pacific.
  • By Company Type: Tier 1 - 55%, Tier 2 - 25%, and Tier 3 - 20%
  • By Designation: Directors - 50%, Managers - 30%, and Others - 20%
  • By Region: North America - 40%, Europe - 35%, Asia Pacific - 18%, and Rest of the World - 7%
The key players profiled in the report include Honeywell International Inc. (US), DuPont de Nemours, Inc. (US), Croda International Plc (UK), Boyd Corporation (US), Sasol Limited (South Africa), Outlast Technologies LLC (US), PureTemp LLC (US), Rubitherm Technologies GmbH (Germany), Phase Change Materials Products Ltd. (UK) Cold Chain Technologies (US), Phase Change Solutions (US), Climator Sweden AB (Sweden), and Microtek Laboratories Inc. (US).

Study Coverage

This report segments the market for phase change materials based on type, application, and region, and provides estimations of value (in USD million) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, and key strategies associated with the phase change materials market.

Reasons to Buy this Report

This research report is focused on various levels of analysis - industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the phase change materials market; high-growth regions; and market drivers, restraints, and opportunities.

The report provides insights into the following points:

  • Market Penetration: Comprehensive information on phase change materials offered by top players in the global market
  • Analysis of Key Drivers (Regulations for reduction of greenhouse gas emissions, Use of phase change material for temperature control and greater comfort, Use of phase change material for peak-load shifting, Reduction in operating cost for cold chain and packaging industry), restraints (Lack of awareness for benefits of phase change material, Flammability and corrosiveness restrict the use of PCM, Lack of government subsidies), opportunities (Rise in the need for cold chain logistics, R&D initiatives for enhanced phase change material efficiency, Rising demand for consumer electronics), and challenges (High cost of switching from conventional materials) influencing the growth of phase change materials market
  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the phase change materials market
  • Market Development: Comprehensive information about lucrative emerging markets - the report analyzes the markets for phase change materials across regions.
  • Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global phase change materials market
  • Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the phase change materials market

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered and Regional Scope
1.3.2 Phase Change Materials Market: Inclusions & Exclusions
1.3.3 Phase Change Materials Market: Definition and Inclusions, by Type
1.3.4 Phase Change Materials Market: Definition and Inclusions, by Application
1.3.5 Years Considered
1.3.6 Currency Considered
1.3.7 Unit Considered
1.4 Stakeholders
1.5 Summary of Changes
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Primary Interviews - Demand and Supply Sides
2.1.2.3 Key Industry Insights
2.1.2.4 Breakdown of Interviews with Experts
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Growth Forecast
2.4.1 Supply Side
2.4.2 Demand Side
2.5 Research Assumptions
2.6 Research Limitations
2.7 Risk Assessment
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities for Players in Phase Change Materials Market
4.2 Phase Change Materials Market, by Region
4.3 Europe: Phase Change Materials Market, by Application and Country
4.4 Phase Change Materials Market, by Application
4.5 Phase Change Materials Market, by Key Country
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Regulations on Reduction of Greenhouse Gas Emissions
5.2.1.2 Increasing Adoption in Temperature Control for Greater Comfort
5.2.1.3 Application in Peak-Load Shifting
5.2.1.4 Reduction in Operating Cost for Cold Chain and Packaging Industries
5.2.2 Restraints
5.2.2.1 Lack of Awareness
5.2.2.2 Flammability and Corrosiveness Restricting Adoption
5.2.2.3 Lack of Government Subsidies
5.2.3 Opportunities
5.2.3.1 Expansion of Cold Chain Logistics
5.2.3.2 R&D Initiatives for Enhanced Efficiency
5.2.3.3 Rising Demand for Consumer Electronics
5.2.4 Challenges
5.2.4.1 High Cost of Switching from Conventional Materials
5.3 Porter's Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Key Stakeholders and Buying Criteria
5.4.1 Key Stakeholders in Buying Process
5.4.2 Buying Criteria
5.5 Macroeconomic Indicators
5.5.1 GDP Trends and Forecast
6 Industry Trends
6.1 Supply Chain Analysis
6.2 Pricing Analysis
6.2.1 Average Selling Price of Phase Change Materials for Key Applications, by Key Player, 2024
6.2.2 Average Selling Price Trend of Phase Change Materials, by Region, 2022-2030
6.3 Trends/Disruptions Impacting Customer Business
6.4 Ecosystem Analysis
6.5 Technology Analysis
6.5.1 Key Technologies
6.5.1.1 Nano-Enhanced Phase Change Materials Technology
6.5.1.2 Active Cooling-based Battery Thermal Management Using Composite Phase Change Materials
6.5.2 Complementary Technologies
6.5.2.1 Nanoscale Switching Technology
6.6 Case Study Analysis
6.6.1 Heatventors - Server Cooling Using Crodatherm
6.6.2 Crodatherm - Cold Chain Logistics
6.6.3 Laird PLC - Smartphone Cooling
6.7 Trade Analysis
6.7.1 Import Scenario
6.7.2 Export Scenario
6.8 Regulatory Landscape
6.8.1 Regulatory Bodies, Government Agencies, and Other Organizations
6.8.2 Regulatory Framework
6.8.2.1 ISO 14001 - Environmental Management Systems
6.8.2.2 ISO 9001 - Quality Management Systems
6.9 Key Conferences and Events, 2025-2026
6.10 Investment and Funding Scenario
6.11 Patent Analysis
6.11.1 Approach
6.11.2 Document Type
6.11.3 Top Applicants
6.11.4 Jurisdiction Analysis
6.12 Impact of 2025 US Tariff on Phase Change Materials Market
6.12.1 Introduction
6.12.2 Key Tariff Rates
6.12.3 Price Impact Analysis
6.12.4 Impact on Countries/Regions
6.12.4.1 US
6.12.4.2 Europe
6.12.4.3 Asia-Pacific
6.12.5 Impact on Applications
6.13 Impact of AI/Gen AI on Phase Change Materials Market
7 Phase Change Materials Market, by Type
7.1 Introduction
7.2 Organic Pcm
7.2.1 Rising Demand for Green Construction to Drive Market
7.3 Inorganic Pcm
7.3.1 Large-Scale Energy Storage to Fuel Growth
7.4 Eutectic Pcm
7.4.1 Growth in Healthcare Supply Chains to Fuel Expansion
8 Phase Change Materials Market, by Application
8.1 Introduction
8.2 Building & Construction
8.2.1 Growing Focus on Energy-Efficient Infrastructure to Drive Market
8.3 HVAC
8.3.1 Demand for Advanced Climate Control Systems to Boost Growth
8.4 Cold Chain & Packaging
8.4.1 Expansion of Temperature-Sensitive Logistics to Fuel Growth
8.5 Thermal Energy Storage
8.5.1 Increasing Renewable Integration to Boost Demand
8.6 Refrigeration & Equipment
8.6.1 Rising Efficiency Needs in Cooling Systems to Fuel Demand
8.7 Textiles
8.7.1 Innovation in Smart Textiles to Fuel Growth
8.8 Electronics
8.8.1 Rising Demand for Advanced Thermal Management to Drive Market
8.9 Other Applications
9 Phase Change Materials Market, by Region
9.1 Introduction
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Growing Industrial Activities to Drive Market
9.2.2 India
9.2.2.1 Rapid Industrialization to Propel Market
9.2.3 Australia
9.2.3.1 Growing Focus on Sustainable Cold Chain Systems to Support Market Growth
9.2.4 Singapore
9.2.4.1 Expansion of Smart HVAC Systems to Drive Demand
9.3 North America
9.3.1 US
9.3.1.1 Strong Industrial Infrastructure to Fuel Growth
9.4 Europe
9.4.1 Germany
9.4.1.1 Growing Demand for Energy-Efficient HVAC Systems to Boost Market
9.4.2 France
9.4.2.1 Thermal Regulation in Buildings to Fuel Growth
9.4.3 UK
9.4.3.1 Rising Demand for Advanced Electronics Thermal Management to Propel Market
9.4.4 Netherlands
9.4.4.1 Growth in Cold Chain Logistics and Refrigerated Transport to Drive Demand
9.5 Rest of the World
10 Competitive Landscape
10.1 Introduction
10.2 Key Player Strategies/Right to Win
10.3 Market Share Analysis, 2024
10.4 Revenue Analysis, 2020-2024
10.5 Company Evaluation Matrix: Key Players, 2024
10.5.1 Stars
10.5.2 Emerging Leaders
10.5.3 Pervasive Players
10.5.4 Participants
10.5.5 Company Footprint: Key Players, 2024
10.5.5.1 Company Footprint
10.5.5.2 Region Footprint
10.5.5.3 Type Footprint
10.5.5.4 Application Footprint
10.6 Company Evaluation Matrix: Startups/SMEs, 2024
10.6.1 Progressive Companies
10.6.2 Responsive Companies
10.6.3 Dynamic Companies
10.6.4 Starting Blocks
10.6.5 Competitive Benchmarking: Startups/SMEs, 2024
10.6.5.1 Detailed List of Key Startups/SMEs
10.6.5.2 Competitive Benchmarking of Key Startups/SMEs
10.7 Brand/Product Comparison
10.8 Company Valuation and Financial Metrics
10.9 Competitive Scenario
10.9.1 Deals
10.9.2 Expansions
11 Company Profiles
11.1 Major Players
11.1.1 Honeywell International Inc.
11.1.1.1 Business Overview
11.1.1.2 Products/Solutions/Services Offered
11.1.1.3 Analyst's View
11.1.1.3.1 Right to Win
11.1.1.3.2 Strategic Choices
11.1.1.3.3 Weaknesses and Competitive Threats
11.1.2 Dupont De Nemours, Inc.
11.1.2.1 Business Overview
11.1.2.2 Products/Solutions/Services Offered
11.1.2.3 Recent Developments
11.1.2.4 Analyst's View
11.1.2.4.1 Right to Win
11.1.2.4.2 Strategic Choices
11.1.2.4.3 Weaknesses and Competitive Threats
11.1.3 Croda International PLC.
11.1.3.1 Business Overview
11.1.3.2 Products/Solutions/Services Offered
11.1.3.3 Analyst's View
11.1.3.3.1 Right to Win
11.1.3.3.2 Strategic Choices
11.1.3.3.3 Weaknesses and Competitive Threats
11.1.4 Boyd Corporation
11.1.4.1 Business Overview
11.1.4.2 Products/Solutions/Services Offered
11.1.4.3 Analyst's View
11.1.4.3.1 Right to Win
11.1.4.3.2 Strategic Choices
11.1.4.3.3 Weaknesses and Competitive Threats
11.1.5 Sasol Limited
11.1.5.1 Business Overview
11.1.5.2 Products/Solutions/Services Offered
11.1.5.3 Analyst's View
11.1.5.3.1 Right to Win
11.1.5.3.2 Strategic Choices
11.1.5.3.3 Weaknesses and Competitive Threats
11.1.6 Puretemp LLC
11.1.6.1 Business Overview
11.1.6.2 Products/Solutions/Services Offered
11.1.6.3 Analyst's View
11.1.6.3.1 Right to Win
11.1.6.3.2 Strategic Choices
11.1.6.3.3 Weaknesses and Competitive Threats
11.1.7 Climator Sweden Ab
11.1.7.1 Business Overview
11.1.7.2 Products/Solutions/Services Offered
11.1.8 Rubitherm Technologies GmbH
11.1.8.1 Business Overview
11.1.8.2 Products/Solutions/Services Offered
11.1.9 Microtek Laboratories Inc.
11.1.9.1 Business Overview
11.1.9.2 Products/Solutions/Services Offered
11.1.10 Phase Change Solutions
11.1.10.1 Business Overview
11.1.10.2 Products/Solutions/Services Offered
11.1.11 Cold Chain Technologies
11.1.11.1 Business Overview
11.1.11.2 Products/Solutions/Services Offered
11.1.11.3 Recent Developments
11.1.11.3.1 Deals
11.1.11.3.2 Expansions
11.1.12 Outlast Technologies LLC
11.1.12.1 Business Overview
11.1.12.2 Products/Solutions/Services Offered
11.1.12.3 Recent Developments
11.1.12.3.1 Product Launches
11.1.13 Phase Change Materials Products Limited
11.1.13.1 Business Overview
11.1.13.2 Products/Solutions/Services Offered
11.2 Startups/SMEs
11.2.1 AI Technology, Inc.
11.2.2 Beyond Industries (China) Limited
11.2.3 Ciat Group
11.2.4 Cryopak Industries Inc.
11.2.5 Datum Phase Change Limited
11.2.6 Insolcorp LLC
11.2.7 Iolitec Ionic Liquids Technologies GmbH
11.2.8 Kaplan Energy Sas
11.2.9 Parker-Hannifin Corporation
11.2.10 Mikrocaps
11.2.11 Shenzhen Aochuan Technology Co. Ltd.
11.2.12 Shin-Etsu Chemical Co. Ltd
11.2.13 Teappcm
11.2.14 Milliken & Company
11.2.15 Pluss Advanced Technologies Pvt. Ltd.
12 Adjacent & Related Markets
12.1 Introduction
12.2 Limitations
12.3 Thermal Energy Storage Market
12.3.1 Market Definition
12.3.2 Market Overview
12.3.3 Thermal Energy Storage Market, by Region
12.3.3.1 Europe
12.3.3.2 Americas
12.3.3.3 Middle East & Africa
12.3.3.4 Asia-Pacific
13 Appendix
13.1 Discussion Guide
13.2 Knowledgestore: The Subscription Portal
13.3 Customization Options
List of Tables
Table 1 Phase Change Materials Market: Risk Assessment
Table 2 Region-Wise Environmental Norms: Regulations Driving Growth of Phase Change Materials Market
Table 3 Global R&D Initiatives to Increase Efficiency of Phase Change Materials
Table 4 Phase Change Materials Market: Impact of Porter's Five Forces
Table 5 Impact of Stakeholders on Buying Process of Top Three Applications (%)
Table 6 Key Buying Criteria for Top Three Applications
Table 7 GDP Trends and Forecast of Major Economies, 2021-2030 (USD Billion)
Table 8 Average Selling Price of Phase Change Materials, by Application, 2024 (USD/KG)
Table 9 Average Selling Price Trend of Phase Change Materials, by Region, 2022-2030 (USD/KG)
Table 10 Phase Change Materials Market: Role of Players in Ecosystem
Table 11 Import Data for HS Code 3823-Compliant Products, by Region, 2020-2024 (USD Million)
Table 12 Export Data for HS Code 3823-Compliant Products, by Region, 2020-2024 (USD Million)
Table 13 Global: Regulatory Bodies, Government Agencies, and Other Organizations
Table 14 North America: Regulations Related to Phase Change Materials
Table 15 Europe: Regulations Related to Phase Change Materials
Table 16 Asia-Pacific: Regulations Related to Phase Change Materials
Table 17 South America: Regulations Related to Phase Change Materials
Table 18 Middle East & Africa: Regulations Related to Phase Change Materials
Table 19 Phase Change Materials Market: List of Key Conferences and Events, 2025-2026
Table 20 Phase Change Materials Market: Funding/Investment Scenario, 2023-2025
Table 21 Patent Status: Patent Applications, Limited Patents, and Granted Patents, 2014-2024
Table 22 Phase Change Materials Market: List of Major Patents, 2014-2024
Table 23 Patents by IBM
Table 24 US Adjusted Reciprocal Tariff Rates
Table 25 Phase Change Materials Market, by Type, 2020-2024 (USD Thousand)
Table 26 Phase Change Materials Market, by Type, 2025-2030 (USD Thousand)
Table 27 Phase Change Materials Market, by Type, 2020-2024 (Ton)
Table 28 Phase Change Materials Market, by Type, 2025-2030 (Ton)
Table 29 Organic Pcm: Phase Change Materials Market, by Region, 2020-2024 (USD Thousand)
Table 30 Organic Pcm: Phase Change Materials Market, by Region, 2025-2030 (USD Thousand)
Table 31 Organic Pcm: Phase Change Materials Market, by Region, 2020-2024 (Ton)
Table 32 Organic Pcm: Phase Change Materials Market, by Region, 2025-2030 (Ton)
Table 33 Inorganic Pcm: Phase Change Materials Market, by Region, 2020-2024 (USD Thousand)
Table 34 Inorganic Pcm: Phase Change Materials Market, by Region, 2025-2030 (USD Thousand)
Table 35 Inorganic Pcm: Phase Change Materials Market, by Region, 2020-2024 (Ton)
Table 36 Inorganic Pcm: Phase Change Materials Market, by Region, 2025-2030 (Ton)
Table 37 Eutectic Pcm: Phase Change Materials Market, by Region, 2020-2024 (USD Thousand)
Table 38 Eutectic Pcm: Phase Change Materials Market, by Region, 2025-2030 (USD Thousand)
Table 39 Eutectic Pcm: Phase Change Materials Market, by Region, 2020-2024 (Ton)
Table 40 Eutectic Pcm: Phase Change Materials Market, by Region, 2025-2030 (Ton)
Table 41 Phase Change Materials Market, by Application, 2020-2024 (USD Thousand)
Table 42 Phase Change Materials Market, by Application, 2025-2030 (USD Thousand)
Table 43 Phase Change Materials Market, by Application, 2020-2024 (Ton)
Table 44 Phase Change Materials Market, by Application, 2025-2030 (Ton)
Table 45 Building & Construction: Phase Change Materials Market, by Region, 2020-2024 (USD Thousand)
Table 46 Building & Construction: Phase Change Materials Market, by Region, 2025-2030 (USD Thousand)
Table 47 Building & Construction: Phase Change Materials Market, by Region, 2020-2024 (Ton)
Table 48 Building & Construction: Phase Change Materials Market, by Region, 2025-2030 (Ton)
Table 49 HVAC: Phase Change Materials Market, by Region, 2020-2024 (USD Thousand)
Table 50 HVAC: Phase Change Materials Market, by Region, 2025-2030 (USD Thousand)
Table 51 HVAC: Phase Change Materials Market, by Region, 2020-2024 (Ton)
Table 52 HVAC: Phase Change Materials Market, by Region, 2025-2030 (Ton)
Table 53 Cold Chain & Packaging: Phase Change Materials Market, by Region, 2020-2024 (USD Thousand)
Table 54 Cold Chain & Packaging: Phase Change Materials Market, by Region, 2025-2030 (USD Thousand)
Table 55 Cold Chain & Packaging: Phase Change Materials Market, by Region, 2020-2024 (Ton)
Table 56 Cold Chain & Packaging: Phase Change Materials Market, by Region, 2025-2030 (Ton)
Table 57 Thermal Energy Storage: Phase Change Materials Market, by Region, 2020-2024 (USD Thousand)
Table 58 Thermal Energy Storage: Phase Change Materials Market, by Region, 2025-2030 (USD Thousand)
Table 59 Thermal Energy Storage: Phase Change Materials Market, by Region, 2020-2024 (Ton)
Table 60 Thermal Energy Storage: Phase Change Materials Market, by Region, 2025-2030 (Ton)
Table 61 Refrigeration & Equipment: Phase Change Materials Market, by Region, 2020-2024 (USD Thousand)
Table 62 Refrigeration & Equipment: Phase Change Materials Market, by Region, 2025-2030 (USD Thousand)
Table 63 Refrigeration & Equipment: Phase Change Materials Market, by Region, 2020-2024 (Ton)
Table 64 Refrigeration & Equipment: Phase Change Materials Market, by Region, 2025-2030 (Ton)
Table 65 Textiles: Phase Change Materials Market, by Region, 2020-2024 (USD Thousand)
Table 66 Textiles: Phase Change Materials Market, by Region, 2025-2030 (USD Thousand)
Table 67 Textiles: Phase Change Materials Market, by Region, 2020-2024 (Ton)
Table 68 Textiles: Phase Change Materials Market, by Region, 2025-2030 (Ton)
Table 69 Electronics: Phase Change Materials Market, by Region, 2020-2024 (USD Thousand)
Table 70 Electronics: Phase Change Materials Market, by Region, 2025-2030 (USD Thousand)
Table 71 Electronics: Phase Change Materials Market, by Region, 2020-2024 (Ton)
Table 72 Electronics: Phase Change Materials Market, by Region, 2025-2030 (Ton)
Table 73 Other Applications: Phase Change Materials Market, by Region, 2020-2024 (USD Thousand)
Table 74 Other Applications: Phase Change Materials Market, by Region, 2025-2030 (USD Thousand)
Table 75 Other Applications: Phase Change Materials Market, by Region, 2020-2024 (Ton)
Table 76 Other Applications: Phase Change Materials Market, by Region, 2025-2030 (Ton)
Table 77 Phase Change Materials Market, by Region, 2020-2024 (USD Thousand)
Table 78 Phase Change Materials Market, by Region, 2025-2030 (USD Thousand)
Table 79 Phase Change Materials Market, by Region, 2020-2024 (Ton)
Table 80 Phase Change Materials Market, by Region, 2025-2030 (Ton)
Table 81 Asia-Pacific: Phase Change Materials Market, by Type, 2020-2024 (USD Thousand)
Table 82 Asia-Pacific: Phase Change Materials Market, by Type, 2025-2030 (USD Thousand)
Table 83 Asia-Pacific: Phase Change Materials Market, by Type, 2020-2024 (Ton)
Table 84 Asia-Pacific: Phase Change Materials Market, by Type, 2025-2030 (Ton)
Table 85 Asia-Pacific: Phase Change Materials Market, by Application, 2020-2024 (USD Thousand)
Table 86 Asia-Pacific: Phase Change Materials Market, by Application, 2025-2030 (USD Thousand)
Table 87 Asia-Pacific: Phase Change Materials Market, by Application, 2020-2024 (Ton)
Table 88 Asia-Pacific: Phase Change Materials Market, by Application, 2025-2030 (Ton)
Table 89 Asia-Pacific: Phase Change Materials Market, by Country, 2020-2024 (USD Thousand)
Table 90 Asia-Pacific: Phase Change Materials Market, by Country, 2025-2030 (USD Thousand)
Table 91 Asia-Pacific: Phase Change Materials Market, by Country, 2020-2024 (Ton)
Table 92 Asia-Pacific: Phase Change Materials Market, by Country, 2025-2030 (Ton)
Table 93 China: Phase Change Materials Market, by Type, 2020-2024 (USD Thousand)
Table 94 China: Phase Change Materials Market, by Type, 2025-2030 (USD Thousand)
Table 95 China: Phase Change Materials Market, by Type, 2020-2024 (Ton)
Table 96 China: Phase Change Materials Market, by Type, 2025-2030 (Ton)
Table 97 China: Phase Change Materials Market, by Application, 2020-2024 (USD Thousand)
Table 98 China: Phase Change Materials Market, by Application, 2025-2030 (USD Thousand)
Table 99 China: Phase Change Materials Market, by Application, 2020-2024 (Ton)
Table 100 China: Phase Change Materials Market, by Application, 2025-2030 (Ton)
Table 101 India: Phase Change Materials Market, by Type, 2020-2024 (USD Thousand)
Table 102 India: Phase Change Materials Market, by Type, 2025-2030 (USD Thousand)
Table 103 India: Phase Change Materials Market, by Type, 2020-2024 (Ton)
Table 104 India: Phase Change Materials Market, by Type, 2025-2030 (Ton)
Table 105 India: Phase Change Materials Market, by Application, 2020-2024 (USD Thousand)
Table 106 India: Phase Change Materials Market, by Application, 2025-2030 (USD Thousand)
Table 107 India: Phase Change Materials Market, by Application, 2020-2024 (Ton)
Table 108 India: Phase Change Materials Market, by Application, 2025-2030 (Ton)
Table 109 Australia: Phase Change Materials Market, by Type, 2020-2024 (USD Thousand)
Table 110 Australia: Phase Change Materials Market, by Type, 2025-2030 (USD Thousand)
Table 111 Australia: Phase Change Materials Market, by Type, 2020-2024 (Ton)
Table 112 Australia: Phase Change Materials Market, by Type, 2025-2030 (Ton)
Table 113 Australia: Phase Change Materials Market, by Application, 2020-2024 (USD Thousand)
Table 114 Australia: Phase Change Materials Market, by Application, 2025-2030 (USD Thousand)
Table 115 Australia: Phase Change Materials Market, by Application, 2020-2024 (Ton)
Table 116 Australia: Phase Change Materials Market, by Application, 2025-2030 (Ton)
Table 117 Singapore: Phase Change Materials Market, by Type, 2020-2024 (USD Thousand)
Table 118 Singapore: Phase Change Materials Market, by Type, 2025-2030 (USD Thousand)
Table 119 Singapore: Phase Change Materials Market, by Type, 2020-2024 (Ton)
Table 120 Singapore: Phase Change Materials Market, by Type, 2025-2030 (Ton)
Table 121 Singapore: Phase Change Materials Market, by Application, 2020-2024 (USD Thousand)
Table 122 Singapore: Phase Change Materials Market, by Application, 2025-2030 (USD Thousand)
Table 123 Singapore: Phase Change Materials Market, by Application, 2020-2024 (Ton)
Table 124 Singapore: Phase Change Materials Market, by Application, 2025-2030 (Ton)
Table 125 North America: Phase Change Materials Market, by Type, 2020-2024 (USD Thousand)
Table 126 North America: Phase Change Materials Market, by Type, 2025-2030 (USD Thousand)
Table 127 North America: Phase Change Materials Market, by Type, 2020-2024 (Ton)
Table 128 North America: Phase Change Materials Market, by Type, 2025-2030 (Ton)
Table 129 North America: Phase Change Materials Market, by Application, 2020-2024 (USD Thousand)
Table 130 North America: Phase Change Materials Market, by Application, 2025-2030 (USD Thousand)
Table 131 North America: Phase Change Materials Market, by Application, 2020-2024 (Ton)
Table 132 North America: Phase Change Materials Market, by Application, 2025-2030 (Ton)
Table 133 North America: Phase Change Materials Market, by Country, 2020-2024 (USD Thousand)
Table 134 North America: Phase Change Materials Market, by Country, 2025-2030 (USD Thousand)
Table 135 North America: Phase Change Materials Market, by Country, 2020-2024 (Ton)
Table 136 North America: Phase Change Materials Market, by Country, 2025-2030 (Ton)
Table 137 US: Phase Change Materials Market, by Type, 2020-2024 (USD Thousand)
Table 138 US: Phase Change Materials Market, by Type, 2025-2030 (USD Thousand)
Table 139 US: Phase Change Materials Market, by Type, 2020-2024 (Ton)
Table 140 US: Phase Change Materials Market, by Type, 2025-2030 (Ton)
Table 141 US: Phase Change Materials Market, by Application, 2020-2024 (USD Thousand)
Table 142 US: Phase Change Materials Market, by Application, 2025-2030 (USD Thousand)
Table 143 US: Phase Change Materials Market, by Application, 2020-2024 (Ton)
Table 144 US: Phase Change Materials Market, by Application, 2025-2030 (Ton)
Table 145 Europe: Phase Change Materials Market, by Type, 2020-2024 (USD Thousand)
Table 146 Europe: Phase Change Materials Market, by Type, 2025-2030 (USD Thousand)
Table 147 Europe: Phase Change Materials Market, by Type, 2020-2024 (Ton)
Table 148 Europe: Phase Change Materials Market, by Type, 2025-2030 (Ton)
Table 149 Europe: Phase Change Materials Market, by Application, 2020-2024 (USD Thousand)
Table 150 Europe: Phase Change Materials Market, by Application, 2025-2030 (USD Thousand)
Table 151 Europe: Phase Change Materials Market, by Application, 2020-2024 (Ton)
Table 152 Europe: Phase Change Materials Market, by Application, 2025-2030 (Ton)
Table 153 Europe: Phase Change Materials Market, by Country, 2020-2024 (USD Thousand)
Table 154 Europe: Phase Change Materials Market, by Country, 2025-2030 (USD Thousand)
Table 155 Europe: Phase Change Materials Market, by Country, 2020-2024 (Ton)
Table 156 Europe: Phase Change Materials Market, by Country, 2025-2030 (Ton)
Table 157 Germany: Phase Change Materials Market, by Type, 2020-2024 (USD Thousand)
Table 158 Germany: Phase Change Materials Market, by Type, 2025-2030 (USD Thousand)
Table 159 Germany: Phase Change Materials Market, by Type, 2020-2024 (Ton)
Table 160 Germany: Phase Change Materials Market, by Type, 2025-2030 (Ton)
Table 161 Germany: Phase Change Materials Market, by Application, 2020-2024 (USD Thousand)
Table 162 Germany: Phase Change Materials Market, by Application, 2025-2030 (USD Thousand)
Table 163 Germany: Phase Change Materials Market, by Application, 2020-2024 (Ton)
Table 164 Germany: Phase Change Materials Market, by Application, 2025-2030 (Ton)
Table 165 France: Phase Change Materials Market, by Type, 2020-2024 (USD Thousand)
Table 166 France: Phase Change Materials Market, by Type, 2025-2030 (USD Thousand)
Table 167 France: Phase Change Materials Market, by Type, 2020-2024 (Ton)
Table 168 France: Phase Change Materials Market, by Type, 2025-2030 (Ton)
Table 169 France: Phase Change Materials Market, by Application, 2020-2024 (USD Thousand)
Table 170 France: Phase Change Materials Market, by Application, 2025-2030 (USD Thousand)
Table 171 France: Phase Change Materials Market, by Application, 2020-2024 (Ton)
Table 172 France: Phase Change Materials Market, by Application, 2025-2030 (Ton)
Table 173 UK: Phase Change Materials Market, by Type, 2020-2024 (USD Thousand)
Table 174 UK: Phase Change Materials Market, by Type, 2025-2030 (USD Thousand)
Table 175 UK: Phase Change Materials Market, by Type, 2020-2024 (Ton)
Table 176 UK: Phase Change Materials Market, by Type, 2025-2030 (Ton)
Table 177 UK: Phase Change Materials Market, by Application, 2020-2024 (USD Thousand)
Table 178 UK: Phase Change Materials Market, by Application, 2025-2030 (USD Thousand)
Table 179 UK: Phase Change Materials Market, by Application, 2020-2024 (Ton)
Table 180 UK: Phase Change Materials Market, by Application, 2025-2030 (Ton)
Table 181 Netherlands: Phase Change Materials Market, by Type, 2020-2024 (USD Thousand)
Table 182 Netherlands: Phase Change Materials Market, by Type, 2025-2030 (USD Thousand)
Table 183 Netherlands: Phase Change Materials Market, by Type, 2020-2024 (Ton)
Table 184 Netherlands: Phase Change Materials Market, by Type, 2025-2030 (Ton)
Table 185 Netherlands: Phase Change Materials Market, by Application, 2020-2024 (USD Thousand)
Table 186 Netherlands: Phase Change Materials Market, by Application, 2025-2030 (USD Thousand)
Table 187 Netherlands: Phase Change Materials Market, by Application, 2020-2024 (Ton)
Table 188 Netherlands: Phase Change Materials Market, by Application, 2025-2030 (Ton)
Table 189 Rest of the World: Phase Change Materials Market, by Type, 2020-2024 (USD Thousand)
Table 190 Rest of the World: Phase Change Materials Market, by Type, 2025-2030 (USD Thousand)
Table 191 Rest of the World: Phase Change Materials Market, by Type, 2020-2024 (Ton)
Table 192 Rest of the World: Phase Change Materials Market, by Type, 2025-2030 (Ton)
Table 193 Rest of the World: Phase Change Materials Market, by Application, 2020-2024 (USD Thousand)
Table 194 Rest of the World: Phase Change Materials Market, by Application, 2025-2030 (USD Thousand)
Table 195 Rest of the World: Phase Change Materials Market, by Application, 2020-2024 (Ton)
Table 196 Rest of the World: Phase Change Materials Market, by Application, 2025-2030 (Ton)
Table 197 Overview of Strategies Adopted by Key Manufacturers of Phase Change Materials
Table 198 Phase Change Materials Market: Degree of Competition
Table 199 Phase Change Materials Market: Region Footprint
Table 200 Phase Change Materials Market: Type Footprint
Table 201 Phase Change Materials Market: Application Footprint
Table 202 Phase Change Materials Market: Detailed List of Key Startups/SMEs
Table 203 Phase Change Materials Market: Competitive Benchmarking of Key Startups/SMEs
Table 204 Phase Change Materials Market: Deals, January 2020-April 2025
Table 205 Phase Change Materials Market: Expansions, January 2020-April 2025
Table 206 Honeywell International Inc.: Company Overview
Table 207 Honeywell International Inc.: Products/Solutions/Services Offered
Table 208 Dupont De Nemours, Inc.: Company Overview
Table 209 Dupont De Nemours, Inc.: Products/Solutions/Services Offered
Table 210 Dupont De Nemours, Inc.: Deals, January 2019-April 2025
Table 211 Croda International PLC.: Company Overview
Table 212 Croda International PLC: Products/Solutions/Services Offered
Table 213 Boyd Corporation: Company Overview
Table 214 Boyd Corporation: Products/Solutions/Services Offered
Table 215 Sasol Limited: Company Overview
Table 216 Sasol Limited: Products/Solutions/Services Offered
Table 217 Puretemp LLC: Company Overview
Table 218 Puretemp LLC: Products/Solutions/Services Offered
Table 219 Climator Sweden Ab: Company Overview
Table 220 Climator Sweden Ab: Products/Solutions/Services Offered
Table 221 Rubitherm Technologies GmbH: Company Overview
Table 222 Rubitherm Technologies GmbH: Products/Solutions/Services Offered
Table 223 Microtek Laboratories, Inc.: Company Overview
Table 224 Microtek Laboratories Inc.: Products/Solutions/Services Offered
Table 225 Phase Change Solutions: Company Overview
Table 226 Phase Change Solutions: Products/Solutions/Services Offered
Table 227 Cold Chain Technologies: Company Overview
Table 228 Cold Chain Technologies: Products/Solutions/Services Offered
Table 229 Cold Chain Technologies: Deals, January 2019-April 2025
Table 230 Cold Chain Technologies: Expansions, January 2019-April 2025
Table 231 Outlast Technologies LLC: Company Overview
Table 232 Outlast Technologies LLC: Products/Solutions/Services Offered
Table 233 Outlast Technologies LLC: Product Launches
Table 234 Phase Change Materials Products Limited: Company Overview
Table 235 Phase Change Materials Products Limited: Products/Solutions/ Services Offered
Table 236 AI Technology, Inc.: Company Overview
Table 237 Beyond Industries (China) Limited: Company Overview
Table 238 Ciat Group: Company Overview
Table 239 Cryopak Industries Inc.: Company Overview
Table 240 Datum Phase Change Limited: Company Overview
Table 241 Insolcorp LLC: Company Overview
Table 242 Iolitec Ionic Liquids Technologies GmbH: Company Overview
Table 243 Kaplan Energy Sas: Company Overview
Table 244 Parker-Hannifin Corporation: Company Overview
Table 245 Mikrocaps: Company Overview
Table 246 Shenzhen Aochuan Technology Co. Ltd.: Company Overview
Table 247 Shin-Etsu Chemical Co. Ltd.: Company Overview
Table 248 Teappcm: Company Overview
Table 249 Milliken & Company: Company Overview
Table 250 Pluss Advanced Technologies Pvt. Ltd.: Company Overview
Table 251 Europe: Thermal Energy Storage Market, by Country, 2018-2025 (USD Thousand)
Table 252 Americas: Thermal Energy Storage Market, by Country, 2018-2025 (USD Thousand)
Table 253 Middle East & Africa: Thermal Energy Storage Market, by Country, 2018-2025 (USD Thousand)
Table 254 Asia-Pacific: Thermal Energy Storage Market, by Country, 2018-2025 (USD Thousand)
List of Figures
Figure 1 Phase Change Materials Market: Segmentation and Regional Scope
Figure 2 Phase Change Materials Market: Research Design
Figure 3 Market Size Estimation Methodology - Approach 1 (Supply Side): Collective Revenue and Share of Major Players
Figure 4 Market Size Estimation Methodology: Approach 2 - Bottom-Up (Supply Side): Collective Revenue of All Products
Figure 5 Market Size Estimation Methodology - Approach 3 - Bottom-Up (Demand-Side)
Figure 6 Market Size Estimation Methodology - Approach 3 - Top-Down Approach
Figure 7 Phase Change Materials Market: Data Triangulation
Figure 8 Market CAGR Projections from Supply Side
Figure 9 Market Growth Projections from Demand Side: Drivers and Opportunities
Figure 10 Cold Chain & Packaging to be Fastest-Growing Application During Forecast Period
Figure 11 Organic Phase Change Materials to Dominate Phase Change Materials Market in 2025
Figure 12 Europe Accounted for Largest Market Share in 2024
Figure 13 Growing Demand from Cold Chain & Packaging Application to Drive Market
Figure 1 North America to Record Highest Growth During Forecast Period
Figure 2 Building & Construction Segment Accounted for Largest Share of European Phase Change Materials Market in 2024
Figure 3 Shifting Application Trends in Phase Change Materials Market in 2024
Figure 4 US to Register Highest CAGR During Forecast Period
Figure 5 Phase Change Materials Market: Drivers, Restraints, Opportunities, and Challenges
Figure 6 Comparison Between Temperatures with and Without Use of Phase Change Materials
Figure 7 Phase Change Materials Market: Porter's Five Forces Analysis
Figure 8 Influence of Stakeholders on Buying Process for Top Three Applications
Figure 9 Key Buying Criteria for Top Three Applications
Figure 10 Phase Change Materials Market: Supply Chain Analysis
Figure 11 Average Selling Price of Phase Change Materials, by Application, 2024
Figure 12 Average Selling Price Trend of Phase Change Materials, by Region, 2022-2030
Figure 13 Trends/Disruptions Impacting Customer Business
Figure 14 Phase Change Materials Market: Ecosystem Analysis
Figure 15 Import Scenario for HS Code 3823-Compliant Products, by Key Country, 2020-2024
Figure 16 Export Scenario for HS Code 3823-Compliant Products, by Key Country, 2020-2024
Figure 17 Patents Registered for Phase Change Materials, 2014-2024
Figure 18 Major Patents Related to Phase Change Materials, 2014-2024
Figure 19 Legal Status of Patents Filed for Phase Change Materials
Figure 20 Maximum Patents Filed in Jurisdiction of US from 2014 to 2024
Figure 21 Impact of AI/Gen AI on Phase Change Materials Market
Figure 22 Organic Pcm Segment to Lead Market in 2025
Figure 23 Building & Construction Segment to Lead Market in 2025
Figure 24 North America to Register Highest CAGR in Phase Change Materials Market Between 2025 and 2030
Figure 25 Asia-Pacific: Phase Change Materials Market Snapshot
Figure 26 North America: Phase Change Materials Market Snapshot
Figure 27 Europe: Phase Change Materials Market Snapshot
Figure 28 Honeywell International Inc. Led Phase Change Materials Market in 2024
Figure 29 Revenue Analysis of Key Companies in Last 5 Years
Figure 30 Phase Change Materials Market: Company Evaluation Matrix (Key Players), 2024
Figure 31 Phase Change Materials Market: Company Footprint
Figure 32 Phase Change Materials Market: Company Evaluation Matrix (Startups/SMEs), 2024
Figure 33 Phase Change Materials Market: Brand/Product Comparison
Figure 34 Phase Change Materials Market: Enterprise Valuation (EV) of Key Players
Figure 35 Phase Change Materials Market: EV/EBITDA of Key Manufacturers
Figure 36 Honeywell International Inc.: Company Snapshot
Figure 37 Dupont De Nemours, Inc.: Company Snapshot
Figure 38 Croda International PLC.: Company Snapshot
Figure 39 Sasol Limited: Company Snapshot

Companies Mentioned

  • Honeywell International Inc.
  • Dupont De Nemours, Inc.
  • Croda International PLC.
  • Boyd Corporation
  • Sasol Limited
  • Puretemp LLC
  • Climator Sweden Ab
  • Rubitherm Technologies GmbH
  • Microtek Laboratories Inc.
  • Phase Change Solutions
  • Cold Chain Technologies
  • Outlast Technologies LLC
  • Phase Change Materials Products Limited
  • AI Technology, Inc.
  • Beyond Industries (China) Limited
  • Ciat Group
  • Cryopak Industries Inc.
  • Datum Phase Change Limited
  • Insolcorp LLC
  • Iolitec Ionic Liquids Technologies GmbH
  • Kaplan Energy Sas
  • Parker-Hannifin Corporation
  • Mikrocaps
  • Shenzhen Aochuan Technology Co. Ltd.
  • Shin-Etsu Chemical Co. Ltd
  • Teappcm
  • Milliken & Company
  • Pluss Advanced Technologies Pvt. Ltd.

Table Information

Report AttributeDetails
No. of Pages223
PublishedOctober 2025
Forecast Period2025 - 2030
Estimated Market Value ( USD ) in 2025 $ 729.76 Million
Forecasted Market Value ( USD ) by 2030 $ 1630 Million
Compound Annual Growth Rate17.5%
Regions CoveredGlobal
No. of Companies Mentioned28

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