Advanced Phase Change Materials Market Size, Share, and Outlook, 2025 Report- By Application (Building and Construction, Energy Storage, HVAC, Shipping and Transportation, Electronics, Textiles, Others), By Type (Organic PCM, Inorganic PCM, Bio-based PCM)

Advanced Phase Change Materials Market Outlook

Advanced Phase Change Materials Market Size is forecast to reach $4.6 Billion in 2032 from $2.2 Billion in 2025, at an optimistic growth rate of 11.1% from 2025 to 2032. The robust Advanced Phase Change Materials Market growth presents potential growth opportunities for companies across the industry value chain.

The comprehensive market research report presents 12-year historic and forecast data on Advanced Phase Change Materials Market segments across 22 countries from 2021 to 2032. Key segments in the report include By Application (Building and Construction, Energy Storage, HVAC, Shipping and Transportation, Electronics, Textiles, Others), By Type (Organic PCM, Inorganic PCM, Bio-based PCM). Over 70 tables and charts showcase findings from our latest survey report on Advanced Phase Change Materials Markets.

Advanced Phase Change Materials Market Insights, 2025: Key Drivers and Opportunities in Advanced Phase Change Materials

The market for Advanced Phase Change Materials (PCMs) is experiencing significant growth, driven by increasing demand for energy efficiency and sustainability across various industries. Phase change materials are substances that absorb or release heat as they transition between solid and liquid states, making them highly effective for applications requiring thermal management. As the world pushes toward a carbon-neutral future, PCMs play a pivotal role in reducing energy consumption and optimizing building and industrial processes. The integration of advanced PCMs with cutting-edge technologies presents abundant opportunities for growth and innovation.

Energy efficiency is one of the key drivers for the adoption of advanced PCMs. Buildings, both residential and commercial, are major consumers of energy for heating and cooling. As the global demand for energy-efficient solutions rises, PCMs offer an innovative way to store and release heat, thereby reducing reliance on traditional HVAC systems and minimizing energy waste. For instance, advanced organic PCMs are used in building materials such as insulation panels, roofing, and windows to regulate indoor temperatures without the need for additional energy consumption. These materials can absorb excess heat during the day and release it at night, effectively reducing the need for air conditioning in hot climates and heating in colder seasons. This not only lowers energy costs but also helps buildings meet green building standards such as LEED and BREEAM. Leading companies such as Dow Chemical and BASF are developing advanced PCMs with improved thermal conductivity and higher thermal storage capacities, pushing the boundaries of what these materials can achieve in energy-efficient buildings.

In the automotive industry, advanced PCMs are being increasingly incorporated to optimize thermal management systems in electric vehicles (EVs). EV batteries and power electronics generate substantial amounts of heat, which can lead to reduced performance and lifespan if not properly managed. By integrating advanced PCMs into battery packs and charging systems, manufacturers can maintain optimal temperature ranges, enhancing both performance and safety. PCMs are also used in interior climate control, helping maintain a comfortable temperature in the cabin while minimizing energy consumption. The push toward EV adoption and automotive electrification creates significant growth opportunities for the development and integration of advanced PCMs in this sector. Companies like ExxonMobil and Honeywell are focusing on producing high-performance PCMs for use in EV applications, contributing to longer battery life and improving overall vehicle efficiency.

Another critical driver for the growth of advanced PCMs is the renewable energy sector. As the world shifts toward solar and wind energy for cleaner power generation, there is a growing need for effective thermal energy storage solutions. Advanced PCMs are being utilized in solar power plants to store heat during the day for use at night, addressing one of the biggest challenges with solar energy—its intermittent availability. By integrating solar-thermal systems with PCMs, energy can be stored and utilized when the sun is not shining, increasing the reliability and efficiency of solar energy. Similarly, wind energy applications benefit from the use of PCMs for thermal storage in turbine operations, optimizing energy output and ensuring smoother performance under varying environmental conditions. Leading energy companies, such as Siemens Gamesa and GE Renewable Energy, are exploring the use of advanced PCMs to improve the overall energy storage capabilities of renewable energy systems, fostering greater integration of renewable power sources into the grid.

The consumer electronics market is also a significant area where advanced PCMs are gaining traction. As devices such as smartphones, laptops, and tablets continue to evolve, the need for effective thermal management in compact and high-performance electronics is critical. PCMs can be integrated into smartphones and laptops to absorb and dissipate heat from processors and batteries, preventing overheating and ensuring the devices operate efficiently over time. Further, as consumers increasingly demand higher performance and longer battery life from their electronics, the role of advanced PCMs becomes even more pivotal in maintaining thermal stability. Companies like Apple and Samsung are exploring innovative ways to integrate PCMs into their product designs to improve device longevity and user experience.

Sustainability and the shift towards eco-friendly materials are another important driver for the growing adoption of advanced PCMs. Traditional thermal insulation materials, such as fiberglass and polystyrene, often have significant environmental impacts, including the release of toxic gases and non-recyclable waste. In contrast, advanced PCMs offer a greener alternative, as many of them are derived from renewable resources or are fully recyclable. For example, bio-based PCMs, made from plant-derived sources, are gaining popularity in the construction and packaging industries for their reduced environmental footprint. The demand for sustainable materials across industries like construction, packaging, and textiles provides significant growth opportunities for advanced PCMs. Companies such as Phase Change Energy Solutions and Rubitherm Technologies are leading the way in developing sustainable PCM products, aligning with the growing global focus on eco-friendly and energy-saving solutions.

Five Trends that will define global Advanced Phase Change Materials Market in 2025 and Beyond

A closer look at the multi-million global market for Advanced Phase Change Materials Market identifies rapidly shifting consumer preferences across categories. By focusing on growth and resilience, leading Advanced Phase Change Materials Companies are prioritizing their investments across categories, markets, and geographies. The report analyses the most important market trends shaping the new landscape to support better decisions for the long and short-term future.

What are the biggest opportunities for growth in the Advanced Phase Change Materials Industry?

The Advanced Phase Change Materials Market sector demonstrated remarkable resilience over the past year across developed and developing economies. Further, the market presents significant opportunities to leverage the existing momentum towards actions by 2032. On the other hand, recent macroeconomic developments including rising inflation and supply chain disruptions are putting pressure on companies. The chapter assists users to identify growth avenues and address business challenges to make informed commercial decisions with unique insights, data forecasts, and in-depth market analyses.

Advanced Phase Change Materials Market Segment Insights

The Advanced Phase Change Materials Industry presents strong offers across categories. The analytical report offers forecasts of Advanced Phase Change Materials Industry performance across segments and countries. Key segments in the industry include- By Application (Building and Construction, Energy Storage, HVAC, Shipping and Transportation, Electronics, Textiles, Others), By Type (Organic PCM, Inorganic PCM, Bio-based PCM). The largest types, applications, and sales channels, fastest growing segments, and the key factors driving each of the categories are included in the report.

Forecasts of each segment across five regions are provided from 2021 through 2032 for Asia Pacific, North America, Europe, South America, Middle East, and African regions. In addition, Advanced Phase Change Materials Market size outlook is provided for 22 countries across these regions.

Advanced Phase Change Materials Industry Value Chain

The chapter identifies potential companies and their operations across the global Advanced Phase Change Materials Industry ecosystem. It assists decision-makers in evaluating global Advanced Phase Change Materials Market fundamentals, market dynamics, and disruptive trends across the value chain segments.

Scenario Analysis and Forecasts

Strategic decision-making in the Advanced Phase Change Materials Industry is multi-faceted with the increased need for planning across scenarios. The report provides forecasts across three case scenarios- low growth, reference case, and high growth cases.

Asia Pacific Advanced Phase Change Materials Market Analysis- A Promising Growth Arena for Business Expansion

As companies increasingly expand across promising Asia Pacific markets with a combined population of over 4.5 billion, the medium-to-long-term future remains robust. The presence of the fastest-growing economies such as China, India, Thailand, Indonesia, and Vietnam coupled with strengthening middle-class populations and rising disposable incomes drive the market. In particular, China and India are witnessing rapid shifts in consumer purchasing behavior. China is recovering steadily with optimistic forecasts for 2025. Further, Japanese and South Korean markets remain stable with most companies focusing on new product launches and diversification of sales channels.

The State of Europe Advanced Phase Change Materials Industry 2025- Focus on Accelerating Competitiveness

As companies opt for an integrated agenda for competitiveness, the year 2025 presents optimistic scenarios for companies across the ecosystem. With signs of economic recovery across markets, companies are increasing their investments. Europe is one of the largest markets for Advanced Phase Change Materials Market with demand from both Western Europe and Eastern European regions increasing over the medium to long-term future. Increasing omnichannel shopping amidst robust consumer demand for value purchases shapes the market outlook. The report analyses the key Advanced Phase Change Materials Market drivers and opportunities across Germany, France, the United Kingdom, Spain, Italy, Russia, and other Europe.

The US Advanced Phase Change Materials Market Insights- Executives are most excited about opportunities for the US Advanced Phase Change Materials Industry.

Easing inflation coupled with strengthening consumer sentiment is encouraging aggressive actions from the US Advanced Phase Change Materials Companies. Market players consistently focusing on innovation and pursuing new ways to create value are set to excel in 2025. In addition, the Canadian and Mexican markets offer lucrative growth pockets for manufacturers and vendors. Focus on private-brand offerings and promotions, diversified sales channels, expansion into niche segments, adoption of advanced technologies, and sustainability are widely observed across the North American Advanced Phase Change Materials Market.

Latin American Advanced Phase Change Materials Market outlook rebounds in line with economic growth.

Underlying demand remains higher among urban consumers with an optimistic economic outlook across Brazil, Argentina, Chile, and other South and Central American countries. Increased consumer spending has been reported since H2-2024 and the prospects remain strong for 2025. Aggressive ecosystem moves to create new sources of income are widely observed across markets in the region. Marketing activities focused on customer insights, operations, and support functions are quickly gaining business growth in the region.

Middle East and Africa Advanced Phase Change Materials Markets- New Opportunities for Companies Harnessing Diversity

Rapid growth in burgeoning urban locations coupled with a young and fast-growing population base is attracting new investments in the Middle East and African Advanced Phase Change Materials Markets. Designing expansion and marketing strategies to cater to the local consumer base supports the market prospects. In addition to Nigeria, Algeria, South Africa, and other markets, steady growth markets in Ethiopia, Rwanda, Ghana, Tanzania, the Democratic Republic of Congo, and others present significant prospects for companies. On the other hand, Middle Eastern Advanced Phase Change Materials Markets including the UAE, Saudi Arabia, Qatar, and Oman continue to offer lucrative pockets of growth.

Competitive Landscape- How Advanced Phase Change Materials Companies outcompete in 2025 and Beyond?

The ability to respond quickly to evolving consumer preferences and adapt businesses to niche consumer segments remains a key growth factor. The report identifies the leading companies in the industry and provides their revenue for 2024. The market shares of each company are also included in the report. Further, business profiles, SWOT analysis, and financial analysis of each company are provided in detail. Key companies analyzed in the report include Outlast Technologies LLC, BASF SE, Microtek Laboratories Inc., Phase Change Energy Solutions, DuPont, Pluss Advanced Technologies Pvt. Ltd., Advansa B.V., Sonoco Products Company, Entropy Solutions, Cryopak Inc.

Advanced Phase Change Materials Market Scope and Segmentation

By Application

Building and Construction

Energy Storage

HVAC

Shipping and Transportation

Electronics

Textiles

Others

By Type

Organic PCM

Inorganic PCM

Bio-based PCM

Countries Included-

North America- US, Canada, Mexico

Europe- Germany, France, UK, Spain, Italy, Benelux, Turkey, Russia, Rest of Europe

Asia Pacific- China, India, Japan, South Korea, South East Asia, Australia, Rest of APAC

South and Central America- Brazil, Argentina, Chile, Rest of SCA

Middle East and Africa- Saudi Arabia, the UAE, Israel, South Africa, Algeria, Nigeria, Rest of Middle East, Rest of Africa

Companies Included in the Advanced Phase Change Materials Market Research-

Outlast Technologies LLC

BASF SE

Microtek Laboratories Inc.

Phase Change Energy Solutions

DuPont

Pluss Advanced Technologies Pvt. Ltd.

Advansa B.V.

Sonoco Products Company

Entropy Solutions

Cryopak Inc.

Reasons to Buy the report

• Make informed decisions through long and short-term forecasts across 22 countries and segments.
• Evaluate market fundamentals, dynamics, and disrupting trends set to shape 2025 and beyond.
• Gain a clear understanding of the competitive landscape, with product portfolio and growth strategies.
• Get an integrated understanding of the entire market ecosystem and companies.
• Stay ahead of the competition through plans for growth in a changing environment for your geographic expansion.
• Assess the impact of advanced technologies and identify growth opportunities based on actionable data and insights.
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