Phase Change Materials Market Forecast with In-Depth Regional Analysis and Strategic Investment Opportunities

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Phase Change Materials Market Size, Share & Trends Analysis Report By Type (Paraffin, Salt Hydrates, Eutectics, Non-Paraffin), Application (Building And Construction, Energy Storage, HVAC, Shipping And Transportation, Electronics, Cold Chain And Packing, Ventilation, Commercial Refrigeration, Textiles) - Market Outlook And Industry Analysis 2034"

The Phase Change Materials Market is valued at USD 630.0 Mn in 2024 and is estimated to reach over USD 2938.1 Mn by the year 2034, exhibiting a CAGR of 16.8% during the forecast period.

Get Free Access to Demo Report, Excel Pivot and ToC: https://www.insightaceanalytic.com/request-sample/2188

Phase change materials (PCMs) are substances that undergo a phase transition-most commonly between solid and liquid states-absorbing or releasing significant amounts of latent heat in the process. This thermal exchange capability enables effective temperature regulation. In some instances, PCMs transition between different crystalline forms, each associated with distinct energy levels.

The global PCM market is expected to witness substantial growth, largely driven by increasing demand across the construction and packaging sectors. In construction, PCMs are being utilized in a range of energy-efficient applications, including waste heat recovery, solar water heating, and space heating and cooling systems. The continued expansion of the global construction industry, alongside the integration of PCMs into Heating, Ventilation, and Air Conditioning (HVAC) systems, is projected to fuel market advancement.

Additionally, the adoption of PCMs in photovoltaic (PV) panel cooling systems is gaining momentum. Their ability to store and release latent heat within a specific temperature range makes them highly suitable for passive cooling applications, thereby improving the operational efficiency and longevity of PV modules.

Another major driver of market growth is the rising demand for cold chain logistics. The transportation and storage of temperature-sensitive items-such as pharmaceuticals, biological materials, and clinical trial samples-require precise thermal management to maintain product integrity. The heightened need for reliable cold chain solutions, particularly in the distribution of COVID-19 vaccines and other sensitive biopharmaceuticals, is expected to create significant growth opportunities for PCM suppliers in the foreseeable future.

List of Prominent Players in the Phase Change Materials Market
• Henkel AG & Co. KGaA
• Honeywell International.Inc.
• Croda International Plc
• PureTemp LLC
• Laird Technologies, Inc.
• Rubitherm Technologies GmbH
• PCM Products Ltd
• Climator Sweden AB
• Cryopak
• Shin-Etsu Chemicals Co.,Ltd.
• PLUSS
• Phase Change Products Pty.Ltd
• Microtek Laboratories Inc.
• Shanghai Tempered Entropy New Energy Co., Ltd
• Phase Change Solutions
• Sasol
• Axiotherm GmbH
• Hangzhou New Material Technology Co., Ltd. ('RuhrTech')
• Rovilus

Expert Knowledge, Just a Click Away: https://calendly.com/insightaceanalytic/30min?month=2025-01

Market Dynamics
Drivers:
The growth of the phase change materials (PCM) market is primarily fueled by their increasing utilization in advanced thermal management systems. PCMs facilitate the stabilization of indoor temperatures in buildings by leveraging diurnal temperature fluctuations to trigger phase transitions, during which substantial energy is either absorbed or released. This thermal buffering effect significantly reduces dependency on traditional heating and cooling mechanisms, thereby enhancing overall energy efficiency.

PCMs are also widely adopted in the pharmaceutical and biotechnology industries, particularly in drug delivery applications. Commonly used materials such as fatty acids and oils serve as encapsulating agents, offering sustainable, reusable, and equipment-independent solutions. Furthermore, PCMs are critical in the cold chain management of vaccines, ensuring stable temperature conditions during transportation and storage. Ongoing innovations in biotechnology are increasingly focused on temperature-sensitive drug delivery systems, wherein PCMs are leveraged to modulate the release of therapeutic compounds effectively.

Challenges:
Despite favorable market trends, the widespread adoption of PCMs is hindered by several technical challenges. Issues such as low thermal conductivity, phase separation, and supercooling can negatively impact the performance and longevity of PCMs, particularly in the construction sector. Inorganic variants-including salt hydrates and polypropylene-are especially susceptible to corrosion, thermal instability, and supercooling, which can elevate maintenance demands and reduce operational lifespan. These performance limitations pose notable barriers, particularly for large-scale infrastructure deployments, thereby constraining overall market growth.

Regional Trends:
Europe currently leads the global PCM market, representing approximately 40% of total market revenue. The region's robust emphasis on sustainable building practices and materials is expected to further accelerate market development. Regulatory frameworks, such as those implemented by the Scandinavian Federation of Heating, Ventilation, and Sanitary Engineering Associations (SCANVAC)-covering Denmark, Finland, Iceland, Norway, and Sweden-promote the adoption of energy-efficient technologies, including PCMs, in the built environment. Germany, a key producer and exporter of phase change materials, is projected to play a central role in maintaining Europe's dominant position in the global market.

Unlock Your GTM Strategy: https://www.insightaceanalytic.com/customisation/2188

Recent Developments:
• In September 2022, Sinomax USA introduced the first foam bedding made with a bio-based phase change material. Washability is one of the many important aspects that this foam mattress technology solves. Bio Frost is the phase change material. This type of technology has up to 94 % biobased content and is approved by the USDA Bio preferred program. In comparison to its other PCMs, Biofrost has a significantly higher cooling capacity, lasts longer, and costs less.
• In July 2019, Croda International unveiled a microencapsulated type of bio-based phase change material. This item has temperature control capabilities for use in bedding, mattresses, clothing, and other implementations.
• In January 2019, PureTem LLC, a top provider of consumer and industrial applications, announced the creation of a fabric coating. According to the manufacturer, the product works well as an insulator against changes in ambient temperature.

Segmentation of Phase Change Materials Market
By Application
• Building and Construction,
• Heating, Ventilation (HVAC) and Air Conditioning (HVAC) Systems
• Energy Storage Management
• Commercial Refrigeration,
• Cold Chain and Packaging,
• Textiles
• Others
By type
• Paraffin
• Salt Hydrates
• Eutectics
• Non-Paraffin
• Others
By Region-
• North America-
• The US
• Canada
• Mexico
• Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
• Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
• Latin America-
• Brazil
• Argentina
• Rest of Latin America
• Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

View Overview Report: https://www.insightaceanalytic.com/report/phase-change-materials-market/2188

About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.

Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 607 400-7072
Asia: +91 79 72967118
info@insightaceanalytic.com

This release was published on openPR.