Change Materials (PCM) for Cooling Market 2025 Future Trends, Dynamic Growth & Forecast To 2031 | Rubitherm, Honeywell, Croda International

Los Angeles, United States - According to the latest market research study published by QY Research, the Global Phase Change Materials (PCM) for Cooling Market is poised for substantial growth over the forecast period 2025-2031. Valued at USD 748 million in 2024, the market is projected to reach USD 1582 million by 2031, expanding at a CAGR of 11.3%.

This anticipated expansion is attributed to rising adoption across multiple industries, technological innovation, evolving consumer preferences, and strong demand in emerging economies. The study provides a comprehensive analysis of key drivers, growth trends, competitive dynamics, opportunities, and challenges shaping the future of the market.

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The potential shifts in the 2025 U.S. tariff framework pose substantial volatility risks to global markets. This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Phase Change Materials (PCM) for Cooling, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

Phase Change Materials (PCM) for Cooling are substances that absorb, store, and release large amounts of latent heat during phase transitions-typically from solid to liquid and vice versa-at specific temperatures. These materials are engineered to maintain a near-constant temperature while absorbing heat, making them ideal for thermal energy storage and temperature regulation applications. PCMs used for cooling can be organic (like paraffins or fatty acids), inorganic (such as salt hydrates), or eutectic mixtures, each offering varying thermal conductivity, stability, and energy storage capacity. They are widely utilized in passive cooling systems, cold chain logistics, HVAC systems, building insulation, electronics thermal management, and personal cooling products. Key characteristics include phase transition temperature range (commonly between 0°C and 30°C for cooling applications), high latent heat capacity (typically 150-250 kJ/kg), non-toxicity, and long cycle stability.

Phase Change Materials (PCMs) for cooling applications typically feature a phase change temperature range between -20°C and +30°C, tailored to use cases such as vaccine transport, HVAC systems, or personal cooling. These materials possess a latent heat of fusion between 150 and 250 kJ/kg, enabling efficient thermal energy storage during melting and solidification. They generally exhibit thermal conductivity between 0.2 and 0.6 W/m·K, density ranging from 800 to 1,500 kg/m3, and specific heat capacity of 1.8 to 2.5 kJ/kg·K. Most PCMs maintain stable performance over 1,000+ thermal cycles, with a melting/freezing point hysteresis of less than 2 °C, ensuring predictable energy release. Volume expansion during phase transition typically ranges from 5% to 15%, requiring compatible encapsulation. PCMs can be formulated as salt hydrates, paraffin waxes, fatty acids, or bio-based compounds, and are offered in bulk, macroencapsulated (e.g., pouches, panels), or microencapsulated (e.g., textile coatings)forms, depending on application requirements.

Market Drivers and Challenges -

Drivers

ᗒ Rising consumer demand across multiple industries
ᗒ Product innovation and robust R&D spending
ᗒ Geographic expansion supported by favorable regulations
ᗒ Strategic mergers, acquisitions, and partnerships

Challenges

ᗒ Low-cost substitutes affecting competitiveness
ᗒ Price volatility across raw material supply chains
ᗒ Complex compliance requirements in different regions
ᗒ Operational risks impacting timely supply and product quality

Why This Report is a Must-Have -

ᗒ Historical Analysis (2020-2024) & Forecasts (2025-2031): Gain a clear understanding of market trends and future growth potential.

ᗒ Comprehensive Market Segmentation: Detailed breakdown by Type, Application, and Region to identify lucrative opportunities.

ᗒ Competitive Landscape: Insights into key players, their market share, and strategic developments like mergers, acquisitions, and expansion plans.

ᗒ Drivers & Restraints: Understand the factors shaping the market's growth and the challenges that could impact your strategy.

ᗒ Expert Opinions & Market Dynamics: Benefit from expert analysis to navigate market risks and capitalize on emerging trends.

Detailed of Phase Change Materials (PCM) for Cooling Market Segmentation -

Our market analysts are experts in deeply segmenting the global Phase Change Materials (PCM) for Cooling market and thoroughly evaluating the growth potential of each and every segment studied in the report. Right at the beginning of the research study, the segments are compared on the basis of consumption and growth rate for a review period of nine years. The segmentation study included in the report offers a brilliant analysis of the global Phase Change Materials (PCM) for Cooling market, taking into consideration the market potential of different segments studied. It assists market participants to focus on high-growth areas of the global Phase Change Materials (PCM) for Cooling market and plan powerful business tactics to secure a position of strength in the industry.

Segmentation By Type :-

Organic PCMs
Inorganic PCMs

Segmentation By Application -

Cold Chain Logistics
HVAC Systems
Battery Cooling
Others

This segmentation helps identify high-growth opportunities and niche segments for investors and businesses.

Regional Insights -

The report takes readers on a journey through four key regions: United States, Asia-Pacific, and EMEA. Key nations like the United States, Germany, the United Kingdom, China, Japan, South Korea, and more are thoroughly examined. The data is presented in a timeline from 2024 as the base year, with projections extending to 2031.

North America: United States, Canada, Mexico

Latin America: Brazil and other key markets

Asia Pacific: China, Japan, South Korea, India, ASEAN countries

Europe, Middle East & Africa (EMEA): Major European economies, GCC countries, and African nations

The report provides a region-wise breakdown of market share, consumption trends, and future prospects.

Competitive Landscape: -

Rubitherm
BASF
Outlast Technologies
Climator
PCM Products
Phase Change Energy Solutions
EMCOOL
Croda International
Entropy Solutions
Pluss Advanced Technologies
Cold Chain Technologies
Cristopia Energy Systems
RGEES
Va-Q-tec
Honeywell
GreenTEG
Thermavance Technologies

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This Phase Change Materials (PCM) for Cooling Market Research Report Contains Answers to your following Questions -

ᗒ Which Manufacturing Technology is Used for Phase Change Materials (PCM) for Cooling? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?

ᗒ Who Are the Global Key Players in This Phase Change Materials (PCM) for Cooling Market? What's Their Company Profile, Their Product Information, and Contact Information?

ᗒ What Was Global Market Status of Phase Change Materials (PCM) for Cooling Market? What Was Capacity, Production Value, Cost and PROFIT of Phase Change Materials (PCM) for Cooling Market?

ᗒ What Is Current Market Status of Phase Change Materials (PCM) for Cooling Industry? What's Market Competition in This Industry, Both Company, and Country Wise? What's Market Analysis of Phase Change Materials (PCM) for Cooling Market by Taking Applications and Types in Consideration?

ᗒ What Are Projections of Global Phase Change Materials (PCM) for Cooling Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What about Import and Export?

ᗒ What Is Phase Change Materials (PCM) for Cooling Market Chain Analysis by Upstream Raw Materials and Downstream Industry?

ᗒ What Is Economic Impact On Phase Change Materials (PCM) for Cooling Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?

ᗒ What Are Market Dynamics of Phase Change Materials (PCM) for Cooling Market? What Are Challenges and Opportunities?

ᗒ What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Phase Change Materials (PCM) for Cooling Industry?

Table of Contents - Major Key Points:

1. Study Coverage
2. Executive Summary
3. Research Methodology
4. Global Production Analysis
5. Value Chain and Supply-Chain Analysis
6. Phase Change Materials (PCM) for Cooling Market Dynamics
7. Competition by Manufacturers
8. Phase Change Materials (PCM) for Cooling Market Segmentation, By Type
9. Phase Change Materials (PCM) for Cooling Market Segmentation, By Application
10. Regional Analysis
11. Corporate Profile
12. Conclusion...

Analyst Insights -
According to QY Research experts:

The global Phase Change Materials (PCM) for Cooling market is entering a transformative phase, where innovation, sustainability, and digital integration will define the future. Companies that invest in long-term strategies, regional expansion, and advanced solutions will emerge as market leaders. The next decade will witness significant disruptions, creating profitable opportunities for early adopters.

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