Press release
Phase Change Material (PCM) Market Growing at 17.2% CAGR with Rising Thermal Energy Storage Demand | Honeywell, Rubitherm, PLUSS
Market Overview:
Phase Change Materials (PCMs) are advanced thermal management materials designed to absorb, store, and release heat during phase transitions such as melting and solidification. These materials help maintain stable temperatures and improve energy efficiency across multiple applications including buildings, refrigeration, electronics, textiles, packaging, and renewable energy systems.
PCMs are widely utilized across building & construction, refrigeration & logistics, textiles, electronics, cold chain transportation, and thermal energy storage systems. Their ability to regulate temperature efficiently makes them increasingly important in sustainable construction, battery thermal management, pharmaceutical logistics, smart textiles, and green infrastructure projects.
Growing investments in energy-efficient buildings, cold chain logistics, and sustainable temperature-control technologies are significantly supporting market expansion worldwide.
Key Market Drivers:
Growing focus on energy-efficient building solutions
Increasing adoption in cold chain and refrigeration systems
Rising demand for advanced thermal management in electronics
Expanding sustainability initiatives and green infrastructure projects
Checkout In-detail Market Study @ https://marketsglob.com/report/phase-change-material-pcm-market/1407/
The increasing adoption of thermal storage technologies, temperature-controlled logistics systems, and energy conservation solutions is further supporting market growth globally.
Recent Industry Developments:
The Phase Change Material (PCM) industry has witnessed several strategic developments and product innovations in recent years:
- In March 2025, Honeywell announced leadership and structural expansion for its Solstice Advanced Materials business, strengthening its advanced materials portfolio supporting thermal management, semiconductor materials, healthcare packaging, and specialty PCM-related technologies. Honeywell reported that Solstice generated nearly USD 4 billion in revenue from advanced materials operations.
- In October 2025, Honeywell completed the spin-off of Solstice Advanced Materials, creating an independent specialty materials company focused on advanced thermal materials, healthcare packaging, refrigerants, and electronics cooling technologies.
- In 2025, Honeywell expanded phase change thermal interface materials (TIMs) for electronics cooling and semiconductor heat dissipation applications, supporting high-performance computing and industrial electronics systems.
- In 2025, PLUSS Advanced Technologies expanded PCM-based cold chain and temperature-controlled packaging solutions supporting pharmaceutical transportation, vaccine logistics, refrigerated trucks, and food preservation applications.
- In 2025, Cold Chain Technologies strengthened advanced PCM-based reusable packaging solutions for biologics, pharmaceutical distribution, and healthcare logistics.
- In 2025, Cryopak expanded PCM-enabled thermal packaging systems for healthcare logistics and temperature-sensitive transportation applications.
- In 2025, Rubitherm Technologies GmbH continued developing advanced phase change materials for thermal energy storage, smart building insulation, and industrial heat management systems.
- In 2025, SGL Carbon strengthened graphite-enhanced thermal management technologies supporting battery cooling systems, industrial temperature regulation, and energy storage solutions.
- In 2025, Outlast Technologies expanded temperature-regulating PCM textile solutions for apparel, bedding, footwear, and performance fabrics.
These developments highlight the increasing role of PCM technologies in sustainable construction, cold chain logistics, thermal energy storage, electronics cooling, and temperature-sensitive transportation systems worldwide.
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Market Outlook:
The market is expected to witness strong growth driven by advancements in thermal energy storage technologies, increasing energy conservation initiatives, and rising demand for sustainable temperature-management solutions worldwide.
Expanding applications in green buildings, electronics cooling, cold chain logistics, battery thermal management, smart textiles, and refrigeration systems are expected to create substantial growth opportunities for PCM manufacturers during the forecast period.
The increasing focus on sustainable infrastructure, carbon reduction strategies, and energy-efficient thermal technologies is expected to further accelerate long-term market expansion.
Competitive Landscape:
Major companies operating in the market include:
- Henkel AG & Co. KGaA
- Honeywell International Inc.
- Croda International plc
- Sasol Germany GmbH
- Microtek Laboratories Inc.
- DuPont and Dow
- Parker Hannifin Corporation
- Laird plc
- Phase Change Energy Solutions
- Cryopak
- SGL Carbon
- Rubitherm Technologies GmbH
- Cold Chain Technologies
- PLUSS Advanced Technologies
- Outlast Technologies
- Others
Companies are focusing on thermal storage innovation, energy-efficient materials, smart cooling technologies, cold chain packaging, and sustainable building solutions to strengthen their market position.
Segment Analysis:
By Product Type
- Organic
- Inorganic
- Bio-based
By Application
- Building & Construction
- Refrigeration & Logistics
- Textile
- Electronics
- Others
By Sales Channel
- Direct Channel
- Distribution Channel
Regional Analysis
Market segment by Region/Country including:
- North America (United States, Canada, Mexico)
- Europe (Germany, United Kingdom, France, Italy, Russia, Spain, Benelux, Poland, Austria, Portugal, Rest of Europe)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, Australia, Taiwan, Rest of Asia Pacific)
- South America (Brazil, Argentina, Colombia, Chile, Peru, Venezuela, Rest of South America)
- Middle East & Africa (UAE, Saudi Arabia, South Africa, Egypt, Nigeria, Rest of Middle East & Africa)
North America: Strong market growth supported by cold chain logistics, electronics cooling demand, and green building initiatives.
Europe: Increasing adoption driven by sustainability regulations, energy-efficient construction, and thermal storage technologies.
Asia-Pacific: Rapid expansion supported by industrialization, refrigeration infrastructure, electronics manufacturing, and smart building projects.
South America and Middle East & Africa: Emerging opportunities supported by healthcare logistics expansion and infrastructure modernization.
Summary of the Research:
Chapter 1 - Market Overview: Definition, market size analysis, segmentation, and key dynamics of the Phase Change Material (PCM) industry
Chapter 2 - Executive Summary: Market snapshot, key findings, and growth opportunities
Chapter 3 - Competitive Landscape: Market share analysis, pricing trends, and competitive positioning of leading players including Honeywell, Rubitherm Technologies GmbH, and PLUSS Advanced Technologies
Chapter 4 - Segmentation by Type: Organic, Inorganic, Bio-based
Chapter 5 - Segmentation by Application: Building & Construction, Refrigeration & Logistics, Textile, Electronics, Others
Chapter 6 - Segmentation by Sales Channel: Direct channel and distribution channel
Chapter 7 - Regional Analysis: Country-level insights across North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Chapter 8 - Company Profiles: Detailed analysis of leading companies including Cryopak, SGL Carbon, and Outlast Technologies
Chapter 9 - Supply Chain Analysis: Thermal materials, packaging systems, cooling technologies, and downstream industrial applications
Chapter 10 - Industry Analysis: Porter's Five Forces and overall PCM ecosystem analysis
Chapter 11 - Forecast Analysis: Market projections and future growth trends through the forecast period
Chapter 12 - Import-Export Analysis: Global trade trends and regional material movement analysis
Chapter 13 - Demand-Supply Gap Analysis: Industrial demand, production capacity, and market balance assessment
Chapter 14 - Appendix: Research methodology and data sources
View In-detail ToC @ https://marketsglob.com/report/phase-change-material-pcm-market/1407/toc/
Research Methodology:
The report is developed using a combination of primary and secondary research methodologies. Primary research includes interviews with material manufacturers, cold chain operators, construction firms, electronics manufacturers, and industry participants. Secondary research includes company reports, industrial publications, scientific journals, and verified market sources. Market forecasting is conducted through historical trend analysis, sustainability assessment, infrastructure investments, and evaluation of technological advancements across thermal management industries.
Market Perspective
The Phase Change Material (PCM) Market is experiencing rapid growth supported by increasing energy-efficiency initiatives, expansion of cold chain logistics, and rising demand for sustainable temperature-management technologies. With continued advancements in thermal storage systems, smart building materials, electronics cooling, and refrigeration applications, the market is expected to remain a key segment within the global energy efficiency and advanced materials industry.
Contact us:
Jaysn Sahu
Corporate Sales Specialist
Email: jaysn.s@marketsglob.com
Phone: +1 (210) 807 3402
MarketsGlob is a global market research firm providing reliable and expert insights trusted by leading industries. The company delivers detailed reports on market trends, technological advancements, and industry developments, helping businesses make informed decisions and improve their strategies.
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