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%.
"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.
• By Company Type: Tier 1 - 55%, Tier 2 - 25%, and Tier 3 - 20%
• By Designation: Directors - 50%, Managers - 30%, and Others - 20%
• By Region: North America - 40%, Europe - 35%, Asia Pacific - 18%, and Rest of the World – 7%
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.
The report provides insights into the following points:
• Market Penetration: Comprehensive information on phase change materials offered by top players in the global market
• Analysis of Key Drivers (Regulations for reduction of greenhouse gas emissions, Use of phase change material for temperature control and greater comfort, Use of phase change material for peak-load shifting, Reduction in operating cost for cold chain and packaging industry), restraints (Lack of awareness for benefits of phase change material, Flammability and corrosiveness restrict the use of PCM, Lack of government subsidies), opportunities (Rise in the need for cold chain logistics, R&D initiatives for enhanced phase change material efficiency, Rising demand for consumer electronics), and challenges (High cost of switching from conventional materials) influencing the growth of phase change materials market
• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the phase change materials market
• Market Development: Comprehensive information about lucrative emerging markets—the report analyzes the markets for phase change materials across regions.
• Market Diversification: Exhaustive information about new products, untapped regions, and recent developments in the global phase change materials market
• Competitive Assessment: In-depth assessment of market shares, strategies, products, and manufacturing capabilities of leading players in the phase change materials market
圖表清單 List of Tables & Figures
TABLE 1 PHASE CHANGE MATERIALS MARKET: RISK ASSESSMENT 39
TABLE 2 REGION-WISE ENVIRONMENTAL NORMS: REGULATIONS DRIVING GROWTH
OF PHASE CHANGE MATERIALS MARKET 47
TABLE 3 GLOBAL R&D INITIATIVES TO INCREASE EFFICIENCY OF PHASE
CHANGE MATERIALS 50
TABLE 4 PHASE CHANGE MATERIALS MARKET: IMPACT OF PORTER'S FIVE FORCES 52
TABLE 5 IMPACT OF STAKEHOLDERS ON BUYING PROCESS OF TOP THREE
APPLICATIONS (%) 54
TABLE 6 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 55
TABLE 7 GDP TRENDS AND FORECAST OF MAJOR ECONOMIES, 2021–2030 (USD BILLION) 56
TABLE 8 AVERAGE SELLING PRICE OF PHASE CHANGE MATERIALS,
BY APPLICATION, 2024 (USD/KG) 59
TABLE 9 AVERAGE SELLING PRICE TREND OF PHASE CHANGE MATERIALS,
BY REGION, 2022–2030 (USD/KG) 60
TABLE 10 PHASE CHANGE MATERIALS MARKET: ROLE OF PLAYERS IN ECOSYSTEM 61
TABLE 11 IMPORT DATA FOR HS CODE 3823-COMPLIANT PRODUCTS, BY REGION,
2020–2024 (USD MILLION) 66
TABLE 12 EXPORT DATA FOR HS CODE 3823-COMPLIANT PRODUCTS, BY REGION,
2020–2024 (USD MILLION) 67
TABLE 13 GLOBAL: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 68
TABLE 14 NORTH AMERICA: REGULATIONS RELATED TO PHASE CHANGE MATERIALS 68
TABLE 15 EUROPE: REGULATIONS RELATED TO PHASE CHANGE MATERIALS 69
TABLE 16 ASIA PACIFIC: REGULATIONS RELATED TO PHASE CHANGE MATERIALS 69
TABLE 17 SOUTH AMERICA: REGULATIONS RELATED TO PHASE CHANGE MATERIALS 70
TABLE 18 MIDDLE EAST & AFRICA: REGULATIONS RELATED TO PHASE CHANGE MATERIALS 70
TABLE 19 PHASE CHANGE MATERIALS MARKET: LIST OF KEY CONFERENCES
AND EVENTS, 2025–2026 71
TABLE 20 PHASE CHANGE MATERIALS MARKET: FUNDING/INVESTMENT SCENARIO,
2023–2025 72
TABLE 21 PATENT STATUS: PATENT APPLICATIONS, LIMITED PATENTS, AND GRANTED PATENTS, 2014–2024 73
TABLE 22 PHASE CHANGE MATERIALS MARKET: LIST OF MAJOR PATENTS, 2014–2024 74
TABLE 23 PATENTS BY IBM 77
TABLE 24 US ADJUSTED RECIPROCAL TARIFF RATES 79
TABLE 25 PHASE CHANGE MATERIALS MARKET, BY TYPE, 2020–2024 (USD THOUSAND) 86
TABLE 26 PHASE CHANGE MATERIALS MARKET, BY TYPE, 2025–2030 (USD THOUSAND) 86
TABLE 27 PHASE CHANGE MATERIALS MARKET, BY TYPE, 2020–2024 (TON) 87
TABLE 28 PHASE CHANGE MATERIALS MARKET, BY TYPE, 2025–2030 (TON) 87
TABLE 29 ORGANIC PCM: PHASE CHANGE MATERIALS MARKET, BY REGION,
2020–2024 (USD THOUSAND) 88
TABLE 30 ORGANIC PCM: PHASE CHANGE MATERIALS MARKET, BY REGION,
2025–2030 (USD THOUSAND) 88
TABLE 31 ORGANIC PCM: PHASE CHANGE MATERIALS MARKET, BY REGION,
2020–2024 (TON) 88
TABLE 32 ORGANIC PCM: PHASE CHANGE MATERIALS MARKET, BY REGION,
2025–2030 (TON) 89
TABLE 33 INORGANIC PCM: PHASE CHANGE MATERIALS MARKET, BY REGION,
2020–2024 (USD THOUSAND) 89
TABLE 34 INORGANIC PCM: PHASE CHANGE MATERIALS MARKET, BY REGION,
2025–2030 (USD THOUSAND) 90
TABLE 35 INORGANIC PCM: PHASE CHANGE MATERIALS MARKET, BY REGION,
2020–2024 (TON) 90
TABLE 36 INORGANIC PCM: PHASE CHANGE MATERIALS MARKET, BY REGION,
2025–2030 (TON) 90
TABLE 37 EUTECTIC PCM: PHASE CHANGE MATERIALS MARKET, BY REGION,
2020–2024 (USD THOUSAND) 91
TABLE 38 EUTECTIC PCM: PHASE CHANGE MATERIALS MARKET, BY REGION,
2025–2030 (USD THOUSAND) 91
TABLE 39 EUTECTIC PCM: PHASE CHANGE MATERIALS MARKET, BY REGION,
2020–2024 (TON) 92
TABLE 40 EUTECTIC PCM: PHASE CHANGE MATERIALS MARKET, BY REGION,
2025–2030 (TON) 92
TABLE 41 PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2020–2024 (USD THOUSAND) 94
TABLE 42 PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2025–2030 (USD THOUSAND) 95
TABLE 43 PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2020–2024 (TON) 95
TABLE 44 PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2025–2030 (TON) 96
TABLE 45 BUILDING & CONSTRUCTION: PHASE CHANGE MATERIALS MARKET, BY REGION, 2020–2024 (USD THOUSAND) 96
TABLE 46 BUILDING & CONSTRUCTION: PHASE CHANGE MATERIALS MARKET, BY REGION, 2025–2030 (USD THOUSAND) 97
TABLE 47 BUILDING & CONSTRUCTION: PHASE CHANGE MATERIALS MARKET, BY REGION, 2020–2024 (TON) 97
TABLE 48 BUILDING & CONSTRUCTION: PHASE CHANGE MATERIALS MARKET, BY REGION, 2025–2030 (TON) 97
TABLE 49 HVAC: PHASE CHANGE MATERIALS MARKET, BY REGION,
2020–2024 (USD THOUSAND) 98
TABLE 50 HVAC: PHASE CHANGE MATERIALS MARKET, BY REGION,
2025–2030 (USD THOUSAND) 98
TABLE 51 HVAC: PHASE CHANGE MATERIALS MARKET, BY REGION, 2020–2024 (TON) 99
TABLE 52 HVAC: PHASE CHANGE MATERIALS MARKET, BY REGION, 2025–2030 (TON) 99
TABLE 53 COLD CHAIN & PACKAGING: PHASE CHANGE MATERIALS MARKET, BY REGION, 2020–2024 (USD THOUSAND) 100
TABLE 54 COLD CHAIN & PACKAGING: PHASE CHANGE MATERIALS MARKET, BY REGION, 2025–2030 (USD THOUSAND) 100
TABLE 55 COLD CHAIN & PACKAGING: PHASE CHANGE MATERIALS MARKET, BY REGION, 2020–2024 (TON) 100
TABLE 56 COLD CHAIN & PACKAGING: PHASE CHANGE MATERIALS MARKET, BY REGION, 2025–2030 (TON) 101
TABLE 57 THERMAL ENERGY STORAGE: PHASE CHANGE MATERIALS MARKET, BY REGION, 2020–2024 (USD THOUSAND) 101
TABLE 58 THERMAL ENERGY STORAGE: PHASE CHANGE MATERIALS MARKET, BY REGION, 2025–2030 (USD THOUSAND) 102
TABLE 59 THERMAL ENERGY STORAGE: PHASE CHANGE MATERIALS MARKET, BY REGION, 2020–2024 (TON) 102
TABLE 60 THERMAL ENERGY STORAGE: PHASE CHANGE MATERIALS MARKET, BY REGION, 2025–2030 (TON) 102
TABLE 61 REFRIGERATION & EQUIPMENT: PHASE CHANGE MATERIALS MARKET, BY REGION, 2020–2024 (USD THOUSAND) 103
TABLE 62 REFRIGERATION & EQUIPMENT: PHASE CHANGE MATERIALS MARKET, BY REGION, 2025–2030 (USD THOUSAND) 103
TABLE 63 REFRIGERATION & EQUIPMENT: PHASE CHANGE MATERIALS MARKET, BY REGION, 2020–2024 (TON) 104
TABLE 64 REFRIGERATION & EQUIPMENT: PHASE CHANGE MATERIALS MARKET, BY REGION, 2025–2030 (TON) 104
TABLE 65 TEXTILES: PHASE CHANGE MATERIALS MARKET, BY REGION,
2020–2024 (USD THOUSAND) 105
TABLE 66 TEXTILES: PHASE CHANGE MATERIALS MARKET, BY REGION,
2025–2030 (USD THOUSAND) 105
TABLE 67 TEXTILES: PHASE CHANGE MATERIALS MARKET, BY REGION, 2020–2024 (TON) 105
TABLE 68 TEXTILES: PHASE CHANGE MATERIALS MARKET, BY REGION, 2025–2030 (TON) 106
TABLE 69 ELECTRONICS: PHASE CHANGE MATERIALS MARKET, BY REGION,
2020–2024 (USD THOUSAND) 106
TABLE 70 ELECTRONICS: PHASE CHANGE MATERIALS MARKET, BY REGION,
2025–2030 (USD THOUSAND) 107
TABLE 71 ELECTRONICS: PHASE CHANGE MATERIALS MARKET, BY REGION,
2020–2024 (TON) 107
TABLE 72 ELECTRONICS: PHASE CHANGE MATERIALS MARKET, BY REGION,
2025–2030 (TON) 107
TABLE 73 OTHER APPLICATIONS: PHASE CHANGE MATERIALS MARKET, BY REGION,
2020–2024 (USD THOUSAND) 108
TABLE 74 OTHER APPLICATIONS: PHASE CHANGE MATERIALS MARKET, BY REGION,
2025–2030 (USD THOUSAND) 108
TABLE 75 OTHER APPLICATIONS: PHASE CHANGE MATERIALS MARKET, BY REGION,
2020–2024 (TON) 109
TABLE 76 OTHER APPLICATIONS: PHASE CHANGE MATERIALS MARKET, BY REGION,
2025–2030 (TON) 109
TABLE 77 PHASE CHANGE MATERIALS MARKET, BY REGION, 2020–2024 (USD THOUSAND) 111
TABLE 78 PHASE CHANGE MATERIALS MARKET, BY REGION, 2025–2030 (USD THOUSAND) 112
TABLE 79 PHASE CHANGE MATERIALS MARKET, BY REGION, 2020–2024 (TON) 112
TABLE 80 PHASE CHANGE MATERIALS MARKET, BY REGION, 2025–2030 (TON) 112
TABLE 81 ASIA PACIFIC: PHASE CHANGE MATERIALS MARKET, BY TYPE,
2020–2024 (USD THOUSAND) 113
TABLE 82 ASIA PACIFIC: PHASE CHANGE MATERIALS MARKET, BY TYPE,
2025–2030 (USD THOUSAND) 114
TABLE 83 ASIA PACIFIC: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2020–2024 (TON) 114
TABLE 84 ASIA PACIFIC: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2025–2030 (TON) 114
TABLE 85 ASIA PACIFIC: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2020–2024 (USD THOUSAND) 115
TABLE 86 ASIA PACIFIC: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2025–2030 (USD THOUSAND) 115
TABLE 87 ASIA PACIFIC: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2020–2024 (TON) 116
TABLE 88 ASIA PACIFIC: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2025–2030 (TON) 116
TABLE 89 ASIA PACIFIC: PHASE CHANGE MATERIALS MARKET, BY COUNTRY,
2020–2024 (USD THOUSAND) 116
TABLE 90 ASIA PACIFIC: PHASE CHANGE MATERIALS MARKET, BY COUNTRY,
2025–2030 (USD THOUSAND) 117
TABLE 91 ASIA PACIFIC: PHASE CHANGE MATERIALS MARKET, BY COUNTRY,
2020–2024 (TON) 117
TABLE 92 ASIA PACIFIC: PHASE CHANGE MATERIALS MARKET, BY COUNTRY,
2025–2030 (TON) 117
TABLE 93 CHINA: PHASE CHANGE MATERIALS MARKET, BY TYPE,
2020–2024 (USD THOUSAND) 118
TABLE 94 CHINA: PHASE CHANGE MATERIALS MARKET, BY TYPE,
2025–2030 (USD THOUSAND) 118
TABLE 95 CHINA: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2020–2024 (TON) 119
TABLE 96 CHINA: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2025–2030 (TON) 119
TABLE 97 CHINA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2020–2024 (USD THOUSAND) 119
TABLE 98 CHINA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2025–2030 (USD THOUSAND) 120
TABLE 99 CHINA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2020–2024 (TON) 120
TABLE 100 CHINA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2025–2030 (TON) 121
TABLE 101 INDIA: PHASE CHANGE MATERIALS MARKET, BY TYPE,
2020–2024 (USD THOUSAND) 121
TABLE 102 INDIA: PHASE CHANGE MATERIALS MARKET, BY TYPE,
2025–2030 (USD THOUSAND) 122
TABLE 103 INDIA: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2020–2024 (TON) 122
TABLE 104 INDIA: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2025–2030 (TON) 122
TABLE 105 INDIA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2020–2024 (USD THOUSAND) 123
TABLE 106 INDIA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2025–2030 (USD THOUSAND) 123
TABLE 107 INDIA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2020–2024 (TON) 124
TABLE 108 INDIA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2025–2030 (TON) 124
TABLE 109 AUSTRALIA: PHASE CHANGE MATERIALS MARKET, BY TYPE,
2020–2024 (USD THOUSAND) 125
TABLE 110 AUSTRALIA: PHASE CHANGE MATERIALS MARKET, BY TYPE,
2025–2030 (USD THOUSAND) 125
TABLE 111 AUSTRALIA: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2020–2024 (TON) 125
TABLE 112 AUSTRALIA: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2025–2030 (TON) 126
TABLE 113 AUSTRALIA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2020–2024 (USD THOUSAND) 126
TABLE 114 AUSTRALIA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2025–2030 (USD THOUSAND) 126
TABLE 115 AUSTRALIA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2020–2024 (TON) 127
TABLE 116 AUSTRALIA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2025–2030 (TON) 127
TABLE 117 SINGAPORE: PHASE CHANGE MATERIALS MARKET, BY TYPE,
2020–2024 (USD THOUSAND) 128
TABLE 118 SINGAPORE: PHASE CHANGE MATERIALS MARKET, BY TYPE,
2025–2030 (USD THOUSAND) 128
TABLE 119 SINGAPORE: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2020–2024 (TON) 128
TABLE 120 SINGAPORE: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2025–2030 (TON) 129
TABLE 121 SINGAPORE: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2020–2024 (USD THOUSAND) 129
TABLE 122 SINGAPORE: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2025–2030 (USD THOUSAND) 129
TABLE 123 SINGAPORE: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2020–2024 (TON) 130
TABLE 124 SINGAPORE: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2025–2030 (TON) 130
TABLE 125 NORTH AMERICA: PHASE CHANGE MATERIALS MARKET, BY TYPE,
2020–2024 (USD THOUSAND) 131
TABLE 126 NORTH AMERICA: PHASE CHANGE MATERIALS MARKET, BY TYPE,
2025–2030 (USD THOUSAND) 132
TABLE 127 NORTH AMERICA: PHASE CHANGE MATERIALS MARKET, BY TYPE,
2020–2024 (TON) 132
TABLE 128 NORTH AMERICA: PHASE CHANGE MATERIALS MARKET, BY TYPE,
2025–2030 (TON) 132
TABLE 129 NORTH AMERICA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2020–2024 (USD THOUSAND) 133
TABLE 130 NORTH AMERICA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2025–2030 (USD THOUSAND) 133
TABLE 131 NORTH AMERICA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2020–2024 (TON) 134
TABLE 132 NORTH AMERICA: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2025–2030 (TON) 134
TABLE 133 NORTH AMERICA: PHASE CHANGE MATERIALS MARKET, BY COUNTRY,
2020–2024 (USD THOUSAND) 134
TABLE 134 NORTH AMERICA: PHASE CHANGE MATERIALS MARKET, BY COUNTRY,
2025–2030 (USD THOUSAND) 135
TABLE 135 NORTH AMERICA: PHASE CHANGE MATERIALS MARKET, BY COUNTRY,
2020–2024 (TON) 135
TABLE 136 NORTH AMERICA: PHASE CHANGE MATERIALS MARKET, BY COUNTRY,
2025–2030 (TON) 135
TABLE 137 US: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2020–2024 (USD THOUSAND) 136
TABLE 138 US: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2025–2030 (USD THOUSAND) 136
TABLE 139 US: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2020–2024 (TON) 136
TABLE 140 US: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2025–2030 (TON) 137
TABLE 141 US: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2020–2024 (USD THOUSAND) 137
TABLE 142 US: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2025–2030 (USD THOUSAND) 137
TABLE 143 US: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2020–2024 (TON) 138
TABLE 144 US: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2025–2030 (TON) 138
TABLE 145 EUROPE: PHASE CHANGE MATERIALS MARKET, BY TYPE,
2020–2024 (USD THOUSAND) 139
TABLE 146 EUROPE: PHASE CHANGE MATERIALS MARKET, BY TYPE,
2025–2030 (USD THOUSAND) 140
TABLE 147 EUROPE: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2020–2024 (TON) 140
TABLE 148 EUROPE: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2025–2030 (TON) 140
TABLE 149 EUROPE: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2020–2024 (USD THOUSAND) 141
TABLE 150 EUROPE: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2025–2030 (USD THOUSAND) 141
TABLE 151 EUROPE: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2020–2024 (TON) 142
TABLE 152 EUROPE: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2025–2030 (TON) 142
TABLE 153 EUROPE: PHASE CHANGE MATERIALS MARKET, BY COUNTRY,
2020–2024 (USD THOUSAND) 142
TABLE 154 EUROPE: PHASE CHANGE MATERIALS MARKET, BY COUNTRY,
2025–2030 (USD THOUSAND) 143
TABLE 155 EUROPE: PHASE CHANGE MATERIALS MARKET, BY COUNTRY, 2020–2024 (TON) 143
TABLE 156 EUROPE: PHASE CHANGE MATERIALS MARKET, BY COUNTRY, 2025–2030 (TON) 143
TABLE 157 GERMANY: PHASE CHANGE MATERIALS MARKET, BY TYPE,
2020–2024 (USD THOUSAND) 144
TABLE 158 GERMANY: PHASE CHANGE MATERIALS MARKET, BY TYPE,
2025–2030 (USD THOUSAND) 144
TABLE 159 GERMANY: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2020–2024 (TON) 145
TABLE 160 GERMANY: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2025–2030 (TON) 145
TABLE 161 GERMANY: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2020–2024 (USD THOUSAND) 145
TABLE 162 GERMANY: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2025–2030 (USD THOUSAND) 146
TABLE 163 GERMANY: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2020–2024 (TON) 146
TABLE 164 GERMANY: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2025–2030 (TON) 147
TABLE 165 FRANCE: PHASE CHANGE MATERIALS MARKET, BY TYPE,
2020–2024 (USD THOUSAND) 147
TABLE 166 FRANCE: PHASE CHANGE MATERIALS MARKET, BY TYPE,
2025–2030 (USD THOUSAND) 148
TABLE 167 FRANCE: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2020–2024 (TON) 148
TABLE 168 FRANCE: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2025–2030 (TON) 148
TABLE 169 FRANCE: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2020–2024 (USD THOUSAND) 149
TABLE 170 FRANCE: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2025–2030 (USD THOUSAND) 149
TABLE 171 FRANCE: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2020–2024 (TON) 150
TABLE 172 FRANCE: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2025–2030 (TON) 150
TABLE 173 UK: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2020–2024 (USD THOUSAND) 151
TABLE 174 UK: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2025–2030 (USD THOUSAND) 151
TABLE 175 UK: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2020–2024 (TON) 151
TABLE 176 UK: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2025–2030 (TON) 151
TABLE 177 UK: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2020–2024 (USD THOUSAND) 152
TABLE 178 UK: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2025–2030 (USD THOUSAND) 152
TABLE 179 UK: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2020–2024 (TON) 153
TABLE 180 UK: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2025–2030 (TON) 153
TABLE 181 NETHERLANDS: PHASE CHANGE MATERIALS MARKET, BY TYPE,
2020–2024 (USD THOUSAND) 154
TABLE 182 NETHERLANDS: PHASE CHANGE MATERIALS MARKET, BY TYPE,
2025–2030 (USD THOUSAND) 154
TABLE 183 NETHERLANDS: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2020–2024 (TON) 154
TABLE 184 NETHERLANDS: PHASE CHANGE MATERIALS MARKET, BY TYPE, 2025–2030 (TON) 155
TABLE 185 NETHERLANDS: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2020–2024 (USD THOUSAND) 155
TABLE 186 NETHERLANDS: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2025–2030 (USD THOUSAND) 155
TABLE 187 NETHERLANDS: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2020–2024 (TON) 156
TABLE 188 NETHERLANDS: PHASE CHANGE MATERIALS MARKET, BY APPLICATION,
2025–2030 (TON) 156
TABLE 189 REST OF THE WORLD: PHASE CHANGE MATERIALS MARKET, BY TYPE,
2020–2024 (USD THOUSAND) 157
TABLE 190 REST OF THE WORLD: PHASE CHANGE MATERIALS MARKET, BY TYPE,
2025–2030 (USD THOUSAND) 157
TABLE 191 REST OF THE WORLD: PHASE CHANGE MATERIALS MARKET, BY TYPE,
2020–2024 (TON) 158
TABLE 192 REST OF THE WORLD: PHASE CHANGE MATERIALS MARKET, BY TYPE,
2025–2030 (TON) 158
TABLE 193 REST OF THE WORLD: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2020–2024 (USD THOUSAND) 158
TABLE 194 REST OF THE WORLD: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2025–2030 (USD THOUSAND) 159
TABLE 195 REST OF THE WORLD: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2020–2024 (TON) 159
TABLE 196 REST OF THE WORLD: PHASE CHANGE MATERIALS MARKET, BY APPLICATION, 2025–2030 (TON) 160
TABLE 197 OVERVIEW OF STRATEGIES ADOPTED BY KEY MANUFACTURERS OF PHASE CHANGE MATERIALS 161
TABLE 198 PHASE CHANGE MATERIALS MARKET: DEGREE OF COMPETITION 163
TABLE 199 PHASE CHANGE MATERIALS MARKET: REGION FOOTPRINT 168
TABLE 200 PHASE CHANGE MATERIALS MARKET: TYPE FOOTPRINT 169
TABLE 201 PHASE CHANGE MATERIALS MARKET: APPLICATION FOOTPRINT 170
TABLE 202 PHASE CHANGE MATERIALS MARKET: DETAILED LIST OF KEY STARTUPS/SMES 172
TABLE 203 PHASE CHANGE MATERIALS MARKET: COMPETITIVE BENCHMARKING
OF KEY STARTUPS/SMES 173
TABLE 204 PHASE CHANGE MATERIALS MARKET: DEALS, JANUARY 2020–APRIL 2025 175
TABLE 205 PHASE CHANGE MATERIALS MARKET: EXPANSIONS, JANUARY 2020–APRIL 2025 176
TABLE 206 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW 177
TABLE 207 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 178
TABLE 208 DUPONT DE NEMOURS, INC.: COMPANY OVERVIEW 180
TABLE 209 DUPONT DE NEMOURS, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 181
TABLE 210 DUPONT DE NEMOURS, INC.: DEALS, JANUARY 2019–APRIL 2025 182
TABLE 211 CRODA INTERNATIONAL PLC.: COMPANY OVERVIEW 184
TABLE 212 CRODA INTERNATIONAL PLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 185
TABLE 213 BOYD CORPORATION: COMPANY OVERVIEW 187
TABLE 214 BOYD CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED 187
TABLE 215 SASOL LIMITED: COMPANY OVERVIEW 189
TABLE 216 SASOL LIMITED: PRODUCTS/SOLUTIONS/SERVICES OFFERED 190
TABLE 217 PURETEMP LLC: COMPANY OVERVIEW 192
TABLE 218 PURETEMP LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 192
TABLE 219 CLIMATOR SWEDEN AB: COMPANY OVERVIEW 194
TABLE 220 CLIMATOR SWEDEN AB: PRODUCTS/SOLUTIONS/SERVICES OFFERED 194
TABLE 221 RUBITHERM TECHNOLOGIES GMBH: COMPANY OVERVIEW 195
TABLE 222 RUBITHERM TECHNOLOGIES GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 195
TABLE 223 MICROTEK LABORATORIES, INC.: COMPANY OVERVIEW 197
TABLE 224 MICROTEK LABORATORIES INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 198
TABLE 225 PHASE CHANGE SOLUTIONS: COMPANY OVERVIEW 199
TABLE 226 PHASE CHANGE SOLUTIONS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 199
TABLE 227 COLD CHAIN TECHNOLOGIES: COMPANY OVERVIEW 200
TABLE 228 COLD CHAIN TECHNOLOGIES: PRODUCTS/SOLUTIONS/SERVICES OFFERED 200
TABLE 229 COLD CHAIN TECHNOLOGIES: DEALS, JANUARY 2019–APRIL 2025 201
TABLE 230 COLD CHAIN TECHNOLOGIES: EXPANSIONS, JANUARY 2019–APRIL 2025 201
TABLE 231 OUTLAST TECHNOLOGIES LLC: COMPANY OVERVIEW 202
TABLE 232 OUTLAST TECHNOLOGIES LLC: PRODUCTS/SOLUTIONS/SERVICES OFFERED 202
TABLE 233 OUTLAST TECHNOLOGIES LLC: PRODUCT LAUNCHES 202
TABLE 234 PHASE CHANGE MATERIALS PRODUCTS LIMITED: COMPANY OVERVIEW 203
TABLE 235 PHASE CHANGE MATERIALS PRODUCTS LIMITED: PRODUCTS/SOLUTIONS/ SERVICES OFFERED 203
TABLE 236 AI TECHNOLOGY, INC.: COMPANY OVERVIEW 204
TABLE 237 BEYOND INDUSTRIES (CHINA) LIMITED: COMPANY OVERVIEW 204
TABLE 238 CIAT GROUP: COMPANY OVERVIEW 205
TABLE 239 CRYOPAK INDUSTRIES INC.: COMPANY OVERVIEW 205
TABLE 240 DATUM PHASE CHANGE LIMITED: COMPANY OVERVIEW 206
TABLE 241 INSOLCORP LLC: COMPANY OVERVIEW 207
TABLE 242 IOLITEC IONIC LIQUIDS TECHNOLOGIES GMBH: COMPANY OVERVIEW 208
TABLE 243 KAPLAN ENERGY SAS: COMPANY OVERVIEW 208
TABLE 244 PARKER-HANNIFIN CORPORATION: COMPANY OVERVIEW 209
TABLE 245 MIKROCAPS: COMPANY OVERVIEW 209
TABLE 246 SHENZHEN AOCHUAN TECHNOLOGY CO. LTD.: COMPANY OVERVIEW 210
TABLE 247 SHIN-ETSU CHEMICAL CO., LTD: COMPANY OVERVIEW 210
TABLE 248 TEAPPCM: COMPANY OVERVIEW 211
TABLE 249 MILLIKEN & COMPANY: COMPANY OVERVIEW 211
TABLE 250 PLUSS ADVANCED TECHNOLOGIES PVT. LTD.: COMPANY OVERVIEW 212
TABLE 251 EUROPE: THERMAL ENERGY STORAGE MARKET, BY COUNTRY,
2018–2025 (USD THOUSAND) 214
TABLE 252 AMERICAS: THERMAL ENERGY STORAGE MARKET, BY COUNTRY,
2018–2025 (USD THOUSAND) 214
TABLE 253 MIDDLE EAST & AFRICA: THERMAL ENERGY STORAGE MARKET, BY COUNTRY, 2018–2025 (USD THOUSAND) 215
TABLE 254 ASIA PACIFIC: THERMAL ENERGY STORAGE MARKET, BY COUNTRY,
2018–2025 (USD THOUSAND) 215
FIGURE 1 PHASE CHANGE MATERIALS MARKET: SEGMENTATION AND REGIONAL SCOPE 25
FIGURE 2 PHASE CHANGE MATERIALS MARKET: RESEARCH DESIGN 29
FIGURE 3 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 1 (SUPPLY SIDE): COLLECTIVE REVENUE AND SHARE OF MAJOR PLAYERS 33
FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 - BOTTOM-UP
(SUPPLY SIDE): COLLECTIVE REVENUE OF ALL PRODUCTS 33
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY - APPROACH 3 – BOTTOM-UP (DEMAND-SIDE) 34
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY - APPROACH 3 – TOP-DOWN APPROACH 34
FIGURE 7 PHASE CHANGE MATERIALS MARKET: DATA TRIANGULATION 36
FIGURE 8 MARKET CAGR PROJECTIONS FROM SUPPLY SIDE 37
FIGURE 9 MARKET GROWTH PROJECTIONS FROM DEMAND SIDE: DRIVERS AND OPPORTUNITIES 38
FIGURE 10 COLD CHAIN & PACKAGING TO BE FASTEST-GROWING APPLICATION
DURING FORECAST PERIOD 41
FIGURE 11 ORGANIC PHASE CHANGE MATERIALS TO DOMINATE PHASE CHANGE
MATERIALS MARKET IN 2025 41
FIGURE 12 EUROPE ACCOUNTED FOR LARGEST MARKET SHARE IN 2024 42
FIGURE 13 GROWING DEMAND FROM COLD CHAIN & PACKAGING APPLICATION
TO DRIVE MARKET 43
FIGURE 1 NORTH AMERICA TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD 43
FIGURE 2 BUILDING & CONSTRUCTION SEGMENT ACCOUNTED FOR LARGEST SHARE OF EUROPEAN PHASE CHANGE MATERIALS MARKET IN 2024 44
FIGURE 3 SHIFTING APPLICATION TRENDS IN PHASE CHANGE MATERIALS MARKET IN 2024 44
FIGURE 4 US TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD 45
FIGURE 5 PHASE CHANGE MATERIALS MARKET: DRIVERS, RESTRAINTS,
OPPORTUNITIES, AND CHALLENGES 46
FIGURE 6 COMPARISON BETWEEN TEMPERATURES WITH AND WITHOUT USE
OF PHASE CHANGE MATERIALS 48
FIGURE 7 PHASE CHANGE MATERIALS MARKET: PORTER'S FIVE FORCES ANALYSIS 52
FIGURE 8 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE APPLICATIONS 54
FIGURE 9 KEY BUYING CRITERIA FOR TOP THREE APPLICATIONS 55
FIGURE 10 PHASE CHANGE MATERIALS MARKET: SUPPLY CHAIN ANALYSIS 57
FIGURE 11 AVERAGE SELLING PRICE OF PHASE CHANGE MATERIALS, BY APPLICATION, 2024 58
FIGURE 12 AVERAGE SELLING PRICE TREND OF PHASE CHANGE MATERIALS,
BY REGION, 2022–2030 59
FIGURE 13 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 60
FIGURE 14 PHASE CHANGE MATERIALS MARKET: ECOSYSTEM ANALYSIS 61
FIGURE 15 IMPORT SCENARIO FOR HS CODE 3823-COMPLIANT PRODUCTS,
BY KEY COUNTRY, 2020–2024 65
FIGURE 16 EXPORT SCENARIO FOR HS CODE 3823-COMPLIANT PRODUCTS,
BY KEY COUNTRY, 2020–2024 66
FIGURE 17 PATENTS REGISTERED FOR PHASE CHANGE MATERIALS, 2014–2024 73
FIGURE 18 MAJOR PATENTS RELATED TO PHASE CHANGE MATERIALS, 2014–2024 74
FIGURE 19 LEGAL STATUS OF PATENTS FILED FOR PHASE CHANGE MATERIALS 78
FIGURE 20 MAXIMUM PATENTS FILED IN JURISDICTION OF US FROM 2014 TO 2024 78
FIGURE 21 IMPACT OF AI/GEN AI ON PHASE CHANGE MATERIALS MARKET 83
FIGURE 22 ORGANIC PCM SEGMENT TO LEAD MARKET IN 2025 86
FIGURE 23 BUILDING & CONSTRUCTION SEGMENT TO LEAD MARKET IN 2025 94
FIGURE 24 NORTH AMERICA TO REGISTER HIGHEST CAGR IN PHASE CHANGE MATERIALS MARKET BETWEEN 2025 AND 2030 111
FIGURE 25 ASIA PACIFIC: PHASE CHANGE MATERIALS MARKET SNAPSHOT 113
FIGURE 26 NORTH AMERICA: PHASE CHANGE MATERIALS MARKET SNAPSHOT 131
FIGURE 27 EUROPE: PHASE CHANGE MATERIALS MARKET SNAPSHOT 139
FIGURE 28 HONEYWELL INTERNATIONAL INC. LED PHASE CHANGE MATERIALS
MARKET IN 2024 163
FIGURE 29 REVENUE ANALYSIS OF KEY COMPANIES IN LAST 5 YEARS 165
FIGURE 30 PHASE CHANGE MATERIALS MARKET: COMPANY EVALUATION
MATRIX (KEY PLAYERS), 2024 166
FIGURE 31 PHASE CHANGE MATERIALS MARKET: COMPANY FOOTPRINT 167
FIGURE 32 PHASE CHANGE MATERIALS MARKET: COMPANY EVALUATION
MATRIX (STARTUPS/SMES), 2024 172
FIGURE 33 PHASE CHANGE MATERIALS MARKET: BRAND/PRODUCT COMPARISON 173
FIGURE 34 PHASE CHANGE MATERIALS MARKET: ENTERPRISE VALUATION (EV)
OF KEY PLAYERS 174
FIGURE 35 PHASE CHANGE MATERIALS MARKET: EV/EBITDA OF KEY MANUFACTURERS 175
FIGURE 36 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT 178
FIGURE 37 DUPONT DE NEMOURS, INC.: COMPANY SNAPSHOT 181
FIGURE 38 CRODA INTERNATIONAL PLC.: COMPANY SNAPSHOT 185
FIGURE 39 SASOL LIMITED: COMPANY SNAPSHOT 190