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Asia-Pacific Emerges as Fastest-Growing PCM Market Amid Sustainability Push

04-16-2025 08:28 AM CET | Chemicals & Materials

Press release from: P&S Intelligence

Phase change Materials Market Growth

Phase change Materials Market Growth

According to the latest market research study published by P&S Intelligence, the global phase change materials (PCM) market is set to experience remarkable expansion, with its size projected to grow from USD 690.9 million in 2024 to USD 2,150.2 million by 2032, advancing at a robust CAGR of 15.4%.

This substantial growth is fueled by escalating demand across sectors such as construction, packaging, and energy storage, combined with rising environmental awareness and energy efficiency mandates. Notably, PCMs are gaining traction for their ability to absorb and release thermal energy, making them invaluable for applications requiring temperature control and energy conservation.

A key driver behind this market surge is the global push for green buildings. These sustainable structures increasingly incorporate PCMs to minimize energy consumption by regulating indoor temperatures. Furthermore, with about half of global energy demand going toward heating-and over 60% of that being lost as waste heat-PCMs present a compelling opportunity to capture and reuse thermal energy, reducing dependence on fossil fuels and mitigating greenhouse gas emissions.

Read the full analysis and trends here: https://www.psmarketresearch.com/market-analysis/phase-change-material-market

Europe leads the global PCM market due to its strong environmental regulations and advanced construction practices. Meanwhile, the Asia-Pacific region is poised to register the fastest growth, driven by rapid urbanization, industrialization, and heightened demand for energy-efficient solutions.

Key Insights

The building and construction sector holds the largest share in the PCM market, accounting for approximately 35% of global revenue in 2024. The adoption of PCM-enhanced materials in building envelopes helps stabilize indoor temperatures and significantly reduces energy consumption, particularly in regions with extreme climates.

The cold chain and packaging segment is projected to experience the fastest CAGR, exceeding 17% during the forecast period. This growth is fueled by the rising demand for temperature-sensitive logistics and reusable, sustainable packaging solutions that integrate PCMs to ensure optimal thermal control and reduced CO2 emissions.

The organic type segment, particularly paraffins, dominates the PCM market in 2024 and is expected to maintain the highest growth rate of 16% through 2032. Their chemical stability, wide temperature range, and compatibility with encapsulating materials make them ideal for diverse applications.

The Asia-Pacific region is expected to be the fastest-growing PCM market, driven by expanding construction and packaging sectors, government initiatives promoting energy efficiency, and increasing public awareness of sustainable technologies.

Europe currently leads the market, supported by stringent environmental standards and a strong focus on sustainable infrastructure development, especially in countries like Germany, France, and the UK.

The growing need for space cooling presents a significant market opportunity. With cooling technologies accounting for nearly 20% of building electricity consumption worldwide, PCMs can play a vital role in enhancing the efficiency of air conditioning systems by reducing daily energy use by approximately 3.09 kWh.

Technological advancements and supportive government policies are contributing to increased PCM adoption in energy storage systems, offering solutions to manage peak power demand and reduce infrastructure stress.

Despite strong growth potential, the market faces challenges such as high costs and limited awareness. PCM production involves significant R&D and specialized processing, which elevates product prices. Moreover, implementation often requires retrofitting existing systems and training personnel.

Claim Your Sample Report Today: https://www.psmarketresearch.com/market-analysis/phase-change-material-market/report-sample

Leading players in the market include companies focused on innovation and R&D to enhance PCM efficiency and expand application areas. These efforts are crucial in addressing cost-related challenges and improving the feasibility of large-scale deployment.

As the global focus on sustainability intensifies, the PCM market is poised for continued innovation, with emerging applications across textiles, automotive, and electronics offering new avenues for expansion.

About P&S Intelligence

P&S Intelligence offers custom and syndicated market research and consulting services to clients across the globe. Our team of young and dynamic researchers, guided by mentors with years of experience, create data-rich reports tailored to the needs of MNCs as well as startups and SMEs. We remain in a perennial quest to offer exhaustive insights into every aspect of the market, allowing businesses of all sizes to seize even the smallest of opportunities and tackle even the biggest of challenges.

Contact:

Chandra Mohan
AVP - Business Development
Phone: +1-347-960-6455
Email: enquiry@psmarketresearch.com
Web: https://www.psmarketresearch.com
Blog: https://psintelligence.blogspot.com

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