Global Advanced Phase Change Material - PCM
Market Report
2025
Advanced Phase Change Material (PCM) Market size will be USD 1.4 billion in 2024 and will expand at a compound yearly growth rate (CAGR) of 10.7% from 2024 to 2031.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Advanced Phase Change Material (PCM) market size is USD 1.4 billion in 2024 and will expand at a compound yearly growth rate (CAGR) of 10.7% from 2024 to 2031.
2021 | 2025 | 2033 | CAGR | |
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Global Advanced Phase Change Material - PCM Market Sales Revenue | 121212 | 121212 | 121212 | 10.7% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Product |
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Market Split by Application |
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Market Split by Encapsulation & Packaging Method |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Restrains:
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Advanced Phase Change Material - PCM Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The Advanced Phase Change Material (PCM) market represents a transformative segment within the materials industry, characterized by materials capable of storing and releasing large amounts of energy during phase transitions. PCM technology offers a diverse range of applications across sectors such as construction, textiles, electronics, and energy storage. These materials has an important role in enhancing energy efficiency, thermal management, and temperature regulation in various products and systems. The market is witnessing significant growth propelled by increasing demand for sustainable and energy-efficient solutions, stringent regulations pertaining to environmental conservation, and rising awareness regarding the need for innovative thermal management technologies. Furthermore, the ongoing research and development activities aimed at improving PCM performance and expanding their application areas are driving innovation within the market.
Rise in demand for Energy-Efficient Solutions to Increase the Demand Globally. One key driver in the Advanced Phase Change Material (PCM) market is the increase in energy-efficient solutions demand. PCM technology plays a crucial role in enhancing energy efficiency across various sectors. PCM materials effectively store and release energy during phase transitions, offering efficient thermal management solutions that reduce energy consumption and costs. As industries and consumers increasingly prioritize sustainability and seek ways to lower their carbon footprint, the adoption of PCM technology is expected to continue growing to meet these energy efficiency goals.
An Enhanced Emphasis on Sustainable Development to Drive the Market Growth—An enhanced emphasis on sustainable development is driving the market for Advanced Phase Change Material (PCM) as it offers energy-efficient solutions for thermal management, contributing to reduced carbon emissions and resource conservation.
High Initial Cost of PCM Materials and Related Technologies- One key restraining factor for the growth of Advanced Phase Change Material (PCM) market is the high initial cost of PCM materials and related technologies, which may deter widespread adoption, particularly in cost-sensitive industries.
Limited Awareness and Understanding of PCM Technology among End-Users and Industries- The limited awareness and understanding of PCM technology among end-users and industries leads to slower adoption rates.
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In June 2023, BASF SE opened Europe’s first co-located battery materials and recycling center in Germany. This facility helps the company to generate high performance cathode active materials and recycle used batteries, effectively closing the loop in the European battery value chain.
(Source: https://www.basf.com/global/en.html)
Top Companies Market Share in Advanced Phase Change Material - PCM Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue due to the region's advanced infrastructure, high adoption of energy-efficient building solutions, and stringent regulations promoting sustainable construction practices. Additionally, significant investments in research and development, coupled with a robust manufacturing sector, further propel North America's leadership in PCM technology adoption and market growth.
Asia-Pacific stands out as the fastest-growing region in the Advanced Phase Change Material (PCM) market due to rapid industrialization, urbanization, and increasing adoption of sustainable building solutions in countries like China, India, and Southeast Asian nations. Additionally, government initiatives promoting energy efficiency and environmental sustainability are driving demand for PCM applications in the construction, transportation, and electronics sectors across the region. The burgeoning construction industry, particularly in emerging economies, presents significant opportunities for PCM market growth in Asia Pacific.
The current report Scope analyzes Advanced Phase Change Material - PCM Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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Global Advanced Phase Change Material - PCM Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Advanced Phase Change Material - PCM Industry growth. Advanced Phase Change Material - PCM market has been segmented with the help of its Product , Application Encapsulation & Packaging Method, and others. Advanced Phase Change Material - PCM market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, organic PCM category dominated the Advanced Phase Change Material (PCM) market due to their environmental friendliness and biodegradability, aligning with the increasing demand for sustainable solutions across industries. These PCM products offer excellent thermal properties, reliability, and safety compared to traditional inorganic PCM materials, driving their widespread adoption. Furthermore, organic PCM products often exhibit a wider range of phase change temperatures, making them versatile for various applications such as building insulation, thermal energy storage, and textiles. Their compatibility with renewable energy sources and potential for reducing carbon footprint contribute to their dominance in the PCM market.
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Chemical and materials are one of the most important industries for other sectors including automotive, pharmaceutical, personal care, consumer goods and others. The demand for high quality and environment friendly products is increasing in various end-use sectors. Thus, key manufacturers are focusing on technological advancement in production of high-quality chemicals. The segment analysis will help to understand which is the most attractive application/end use sector. It also provides the year on year (Y-O-Y) growth rate for each segment. Moreover, this study includes the detailed analysis of each segment to understand the key positive and negative factors which are impacting the growth of the Advanced Phase Change Material - PCM Market.
Some of the key Application of Advanced Phase Change Material - PCM are:
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Research Analyst at Cognitive Market Research
Enthusiastic and analytical market research professional with 2 years of hands-on experience in tracking market trends, evaluating consumer behavior, and supporting strategic decision-making. Proficient in designing surveys, conducting interviews, and synthesizing insights from both primary and secondary sources. Successfully contributed to research projects across sectors such as retail, personal care, and industrial markets. Brings a keen eye for detail, strong data interpretation skills, and a passion for uncovering what drives markets forward. Comfortable working in fast-paced environments and collaborating across departments to deliver clear, actionable findings.
Ashwini Moharir is a market research professional with over 2 years of hands-on experience in delivering strategic insights and data-driven analysis across the healthcare and food & beverage sectors. She specializes in gathering and interpreting market data to support business decisions, product development, and competitive positioning.
With a foundation in teaching and research & development, Ashwini brings a well-rounded perspective that enhances her approach to market analysis. Her ability to combine academic rigor with practical industry knowledge allows her to uncover deeper insights and provide actionable recommendation.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Advanced Phase Change Material - PCM Market is witnessing significant growth in the near future.
In 2023, the Organic segment accounted for noticeable share of global Advanced Phase Change Material - PCM Market and is projected to experience significant growth in the near future.
The Building & Construction segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies BASF SE , Entropy Solutions and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Product | Organic, Inorganic, Bio-Based |
Application | Building & Construction, Commercial Refrigeration, HVAC, Energy Storage, Shipping & Transportation, Electronics, Textile & Protective Clothing |
Encapsulation & Packaging Method | Nano-Encapsulation, Micro-Encapsulation, Macro-Encapsulation |
List of Competitors | BASF SE, Cryopak, Entropy Solutions, Honeywell International Inc., Outlast Technologies LLC, Climate Sweden AB, Croda International Plc, Phase Change Material Products Limited, Phase Change Energy Solutions, Pluss Advanced Technologies Pvt. Ltd., RGEES LLC., Rubitherm Technologies GmbH, Salca BV, SGL Group |
This chapter will help you gain GLOBAL Market Analysis of Advanced Phase Change Material - PCM. Further deep in this chapter, you will be able to review Global Advanced Phase Change Material - PCM Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Advanced Phase Change Material - PCM. Further deep in this chapter, you will be able to review North America Advanced Phase Change Material - PCM Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Advanced Phase Change Material - PCM. Further deep in this chapter, you will be able to review Europe Advanced Phase Change Material - PCM Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Advanced Phase Change Material - PCM. Further deep in this chapter, you will be able to review Asia Pacific Advanced Phase Change Material - PCM Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Advanced Phase Change Material - PCM. Further deep in this chapter, you will be able to review South America Advanced Phase Change Material - PCM Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Advanced Phase Change Material - PCM. Further deep in this chapter, you will be able to review Middle East Advanced Phase Change Material - PCM Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Advanced Phase Change Material - PCM. Further deep in this chapter, you will be able to review Middle East Advanced Phase Change Material - PCM Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Advanced Phase Change Material - PCM. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Product Analysis 2019 -2031, will provide market size split by Product . This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Product Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Application Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Encapsulation & Packaging Method Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Advanced Phase Change Material - PCM market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 14 Research Methodology and Sources
Why Organic have a significant impact on Advanced Phase Change Material - PCM market? |
What are the key factors affecting the Organic and Inorganic of Advanced Phase Change Material - PCM Market? |
What is the CAGR/Growth Rate of Building & Construction during the forecast period? |
By type, which segment accounted for largest share of the global Advanced Phase Change Material - PCM Market? |
Which region is expected to dominate the global Advanced Phase Change Material - PCM Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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