Press release
Phase Change Materials Market Forecast to Reach USD 1.64 Billion by 2030 Growing at 18.02% CAGR Driven by Rising Demand for Thermal Energy Storage HVAC and Cold Chain Applications with Europe Leading at 33% Market Share
Phase Change Materials Market
Market Size and Growth
The phase change materials market is projected to reach USD 1,635.71 million by 2030 from the estimated USD 732.76 million in 2025, at a CAGR of 18.02% from 2025 to 2030.
The market is driven by rising demand for thermal energy storage and temperature regulation solutions. Organic, inorganic, and bio-based phase change materials dominate adoption. Construction, HVAC, cold chain, and electronics sectors are primary end-users. Energy efficiency regulations, renewable energy integration, and need for thermal management fuel market growth.
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Phase Change Materials Market: Competitive Intelligence
BASF SE, Honeywell International, DuPont, Cryopak Industries, Advansa B.V., Dow, Salca B.V., Phase Change Products Pty Ltd, Climator Sweden AB, and Rubitherm Technologies GmbH
The Phase Change Materials (PCM) Market addresses thermal energy storage and temperature regulation needs across construction, cold-chain logistics, textiles, and electronics. Companies such as BASF, Honeywell, DuPont, Cryopak, Advansa, Dow, Salca, Phase Change Products, Climator, and Rubitherm develop PCMs that absorb and release heat at controlled temperatures, improving energy efficiency and thermal stability.
Competitive positioning depends on material chemistry, temperature range customization, and end-use integration. BASF, Honeywell, DuPont, and Dow lead with advanced material science and global supply capabilities. Cryopak and Rubitherm specialize in cold-chain and medical transport applications, while Advansa, Salca, and Climator focus on textiles and building materials. Collectively, these players strengthen the PCM market's role in sustainable energy management and thermal control solutions.
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United States: Recent Industry Developments
✅ In 2025, demand for phase change materials increased in building energy efficiency and thermal storage applications.
✅ In 2025, PCMs were increasingly used in electronics cooling and battery thermal management.
✅ Throughout 2025, cold chain logistics adopted PCMs to improve temperature-controlled transportation.
✅ In 2025, innovation focused on encapsulated and composite PCM solutions.
Japan: Recent Industry Developments
✅ In 2024-2025, Japanese firms expanded PCM use in construction and smart infrastructure projects.
✅ In 2025, PCMs gained traction in automotive and electronics thermal regulation.
✅ In 2025, R&D emphasized durability and long-term thermal performance.
✅ Over 2024-2025, sustainability initiatives supported PCM adoption in energy-efficient buildings.
Market Trends & Outlook
✔ Market Growth: Energy efficiency and thermal management drive demand.
✔ Sustainability Impact: PCMs support reduced energy consumption.
✔ Technology Expansion: Encapsulation and hybrid materials improve performance.
✔ Multi-Industry Adoption: Construction, electronics, and logistics fuel growth.
Mergers & Acquisitions
✅ January 2026 - Honeywell International Inc. (United States)
Honeywell acquired a phase change materials company specializing in thermal energy storage. The move strengthens applications in HVAC, buildings, and cold-chain logistics.
✅ December 2025 - BASF SE (Germany)
BASF expanded its advanced materials portfolio through the acquisition of a PCM solutions provider, supporting energy-efficient construction and temperature-sensitive packaging.
✅ October 2025 - Rubitherm Technologies GmbH (Germany)
Rubitherm completed a strategic acquisition of a PCM technology startup to enhance innovation in renewable energy and thermal management systems.
Segments Covered in the Phase Change Materials Market:
By Product
The market is segmented into Organic PCMs 45%, Inorganic PCMs 35%, and Bio-Based PCMs 20%. Organic PCMs dominate due to thermal stability, non-corrosive properties, and wide temperature range applicability.
By Application
Applications include Building & Construction 35%, Cold Chain & Refrigeration 25%, HVAC 20%, Electronics 10%, and Others 10%. Building and construction lead driven by energy efficiency and sustainable building initiatives.
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Regional Analysis
Europe - 33% Share
Europe leads with 33% share due to strong focus on energy efficiency, green buildings, and cold-chain logistics. Germany and the Nordic countries are key adopters.
North America - 30% Share
North America accounts for 30% share, driven by applications in HVAC systems, building materials, and thermal energy storage in the U.S. and Canada.
Asia Pacific - 25% Share
Asia Pacific holds 25% share, supported by rapid urbanization, smart infrastructure projects, and cold storage expansion in China, India, and Japan.
Latin America - 7% Share
Latin America represents 7% share, with growing use in temperature-controlled logistics and construction.
Middle East & Africa - 5% Share
Middle East & Africa holds 5% share, driven by demand for thermal management solutions in extreme climate regions.
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✅ Competitive Landscape
✅ Technology Roadmap Analysis
✅ Sustainability Impact Analysis
✅ KOL / Stakeholder Insights
✅ Consumer Behavior & Demand Analysis
✅ Import-Export Data Monitoring
✅ Live Market & Pricing Trends
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us
DataM Intelligence is a global market research and consulting firm providing end-to-end business solutions, from in-depth research to strategic consulting. We leverage proprietary insights, market trends, and a robust research methodology to deliver accurate, actionable intelligence. Our extensive research database includes 6,300+ reports across 40+ domains, supporting 200+ companies in over 50 countries and helping clients make swift, informed business decisions.
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