PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1856919
 
				PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1856919
The phase change materials market size was USD 729.76 million in 2025 and is projected to reach USD 1,639.71 million by 2030, at a CAGR of 17.58%.
| Scope of the Report | |
|---|---|
| Years Considered for the Study | 2020-2030 | 
| Base Year | 2024 | 
| Forecast Period | 2025-2030 | 
| Units Considered | Value (USD Million), Volume (Ton) | 
| Segments | Type, Application, and Region | 
| Regions covered | Asia Pacific, Europe, North America, Rest of the World | 
"Use of phase change materials for temperature control and greater comfort driving market growth"
One of the main factors driving the global phase change material (PCM) market is the use of these materials for temperature control and increased comfort. By absorbing, storing, and releasing heat during phase transitions, PCMs contribute to stable temperatures and provide the best possible thermal comfort in a variety of settings. PCMs are incorporated into walls, ceilings, and flooring in buildings and construction to improve occupant comfort, minimize energy use, and lessen indoor temperature swings. These materials offer better thermal regulation in textiles, car interiors, and packaging, enhancing user experience and product performance. The need for climate-responsive materials and energy-efficient solutions is increasing, and PCMs' contribution to better temperature control and long-term comfort is growing as well. As a result, multiple end-use industries around the world are adopting PCMs.
Thermal energy storage to be third-fastest growing application of phase change materials, in terms of value, during forecast period
The growing demand for effective energy management and the integration of renewable energy sources is propelling the adoption of phase change materials in thermal energy storage applications. In order to balance the supply and demand for energy in residential, commercial, and industrial systems, PCMs are essential for storing excess thermal energy and releasing it when needed. To improve energy efficiency and system dependability, they are being utilized in waste heat recovery systems, district heating systems, and solar power plants. PCMs are a desirable substitute for traditional storage systems due to their capacity to offer steady, long-duration energy storage with negligible losses.
The use of PCM in thermal energy storage applications is also being accelerated by the global trend toward sustainable energy solutions, government incentives for renewable energy projects, and technological developments in material encapsulation and performance optimization.
Demand for eutectic phase change materials driven by their adjustable phase transition range and precise temperature control
Made from a blend of inorganic and organic materials, eutectic PCMs are engineered to reach a precise melting point appropriate for regulated thermal applications. However, compared to organic and inorganic PCMs, their adoption has been limited due to their limited commercial use, high material cost, and higher production complexity. The low adoption of these materials is also due to the difficulties in attaining long-term stability and the requirement for careful formulation. Despite these limitations, eutectic PCMs have benefits like precise temperature control and adjustable phase transition ranges, which make them appropriate for niche uses like medical storage and electronics cooling. Moderate growth in specialized applications needing specialized thermal management is anticipated with sustained R&D efforts.
"Asia Pacific to account for third-largest share of global phase change materials market, in terms of value"
In 2024, Asia Pacific was the third-largest contributor to the global phase change materials (PCM) market. The market in the region is driven by industrialization, accelerated urbanization, and ramped-up investments in energy-saving technologies. The region's widening construction industry, with the major contributions of China, India, Japan, and South Korea, is promoting the use of PCM in building insulation, HVAC systems, and intelligent infrastructure to enhance thermal comfort and save energy. In addition, increasing demand for pharmaceutical, food, and beverage cold chain logistics has further fueled the use of PCM in temperature-controlled packaging and transport. Nevertheless, a lack of awareness, high initial investment, and slower regulatory acceptance relative to developed countries have marginally restricted market penetration. Persistent infrastructure growth, technology improvements, and an increasing emphasis on sustainable energy management are expected to support the development of the PCM market in Asia Pacific.
The key players profiled in the report include Honeywell International Inc. (US), DuPont de Nemours, Inc. (US), Croda International Plc (UK), Boyd Corporation (US), Sasol Limited (South Africa), Outlast Technologies LLC (US), PureTemp LLC (US), Rubitherm Technologies GmbH (Germany), Phase Change Materials Products Ltd. (UK) Cold Chain Technologies (US), Phase Change Solutions (US), Climator Sweden AB (Sweden), and Microtek Laboratories Inc. (US).
Study Coverage
This report segments the market for phase change materials based on type, application, and region, and provides estimations of value (in USD million) for the overall market size across various regions. A detailed analysis of key industry players has been conducted to provide insights into their business overviews, services, and key strategies associated with the phase change materials market.
Reasons to Buy this Report
This research report is focused on various levels of analysis-industry analysis (industry trends), market share analysis of top players, and company profiles, which together provide an overall view of the competitive landscape, emerging and high-growth segments of the phase change materials market; high-growth regions; and market drivers, restraints, and opportunities.
 
                 
                 
                