Global Phase Change Materials
Market Report
2025
Delivery Includes:- Market Timeline 2021 till 2033, Market Size, Revenue/Volume Share, Forecast and CAGR, Competitor Analysis, Regional Analysis, Country Analysis, Segment Analysis, Market Trends, Drivers, Opportunities, Restraints, ESG Analysis, Porters Analysis, PESTEL Analysis, Market Attractiveness, Patent Analysis, Technological Trend, SWOT Analysis, COVID-19 Analysis, Consumer Behavior Analysis, etc.
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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"Global Phase Change Materials market size 2025 is $2102 Million whereas according out published study it will reach to $5707.84 Million by 2033. Phase Change Materials market will be growing at a CAGR of 13.3% during 2025 to 2033."
As per the current market study, out of 2102 Million USD global market revenue 2025, North America market holds 39.09% of the market share. The North America Phase Change Materials industry grew from 508.197 Million USD in 2021 to 821.672 Million USD in 2025 and will record 61.85% growth. In coming future this industry will reach 2146.15 Million by 2033 with a 12.751% CAGR. If we look at the percentage market shares of top North America countries for 2025,United States (63.78%), Canada (24.70%), Mexico (11.52%)
As per the current market study, out of 2102 Million USD global market revenue 2025, Europe market holds 27.60% of the market share. The Europe Phase Change Materials industry grew from 357.167 Million USD in 2021 to 580.152 Million USD in 2025 and will record 61.56% growth. In coming future this industry will reach 1535.41 Million by 2033 with a 12.937% CAGR. If we look at the percentage market shares of top Europe countries for 2025,United Kingdom (18.90%), Germany (19.20%), France (11.60%), Italy (6.40%), Russia (6.30%), Spain (9.40%), Sweden (4.50%), Denmark (5.20%), Switzerland (3.30%), Luxembourg (1.50%), Rest of Europe (13.70%)
As per the current market study, out of 2102 Million USD global market revenue 2025, Asia Pacific market holds 21.40% of the market share. The Asia Pacific Phase Change Materials industry grew from 260.222 Million USD in 2021 to 449.828 Million USD in 2025 and will record 57.85% growth. In coming future this industry will reach 1335.64 Million by 2033 with a 14.572% CAGR. If we look at the percentage market shares of top Asia Pacific countries for 2025,China (36.44%), Japan (19.27%), India (11.03%), South Korea (12.59%), Australia (5.06%), Singapore (2.60%), South East Asia (4.84%), Taiwan (2.50%), Rest of APAC (5.67%)
As per the current market study, out of 2102 Million USD global market revenue 2025, South America market holds 5.11% of the market share. The South America Phase Change Materials industry grew from 64.29 Million USD in 2021 to 107.412 Million USD in 2025 and will record 59.85% growth. In coming future this industry will reach 299.091 Million by 2033 with a 13.656% CAGR. If we look at the percentage market shares of top South America countries for 2025,Brazil (45.97%), Argentina (17.53%), Colombia (8.11%), Peru (5.51%), Chile (12.44%), Rest of South America (10.44%)
As per the current market study, out of 2102 Million USD global market revenue 2025, Middle East market holds 4.10% of the market share. The Middle East Phase Change Materials industry grew from 51.024 Million USD in 2021 to 86.182 Million USD in 2025 and will record 59.20% growth. In coming future this industry will reach 245.437 Million by 2033 with a 13.977% CAGR. If we look at the percentage market shares of top Middle East countries for 2025,Saudi Arabia (38.03%), Turkey (19.70%), UAE (17.99%), Egypt (12.00%), Qatar (6.03%), Rest of Middle East (6.25%)
As per the current market study, out of 2102 Million USD global market revenue 2025, Africa market holds 2.70% of the market share. The Africa Phase Change Materials industry grew from 34.696 Million USD in 2021 to 56.754 Million USD in 2025 and will record 61.13% growth. In coming future this industry will reach 146.121 Million by 2033 with a 12.548% CAGR. If we look at the percentage market shares of top Africa countries for 2025,Nigeria (27.70%), South Africa (38.60%), Rest of Africa (33.70%)
2021 | 2025 | 2033 | CAGR | |
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Global Phase Change Materials Market Sales Revenue | $ 1275.6 Million | $ 2102 Million | $ 5707.84 Million | 13.3% |
North America Phase Change Materials Market Sales Revenue | $ 508.197 Million | $ 821.672 Million | $ 2146.15 Million | 12.751% |
United States Phase Change Materials Market Sales Revenue | $ 329.21 Million | $ 524.062 Million | $ 1323.74 Million | 12.28% |
Canada Phase Change Materials Market Sales Revenue | $ 122.984 Million | $ 202.953 Million | $ 549.414 Million | 13.256% |
Mexico Phase Change Materials Market Sales Revenue | $ 56.003 Million | $ 94.657 Million | $ 272.99 Million | 14.156% |
Europe Phase Change Materials Market Sales Revenue | $ 357.167 Million | $ 580.152 Million | $ 1535.41 Million | 12.937% |
United Kingdom Phase Change Materials Market Sales Revenue | $ 64.647 Million | $ 109.649 Million | $ 314.759 Million | 14.09% |
Germany Phase Change Materials Market Sales Revenue | $ 67.147 Million | $ 111.389 Million | $ 307.082 Million | 13.515% |
France Phase Change Materials Market Sales Revenue | $ 41.074 Million | $ 67.298 Million | $ 181.178 Million | 13.178% |
Italy Phase Change Materials Market Sales Revenue | $ 23.93 Million | $ 37.13 Million | $ 89.054 Million | 11.556% |
Russia Phase Change Materials Market Sales Revenue | $ 23.216 Million | $ 36.55 Million | $ 92.125 Million | 12.25% |
Spain Phase Change Materials Market Sales Revenue | $ 35.717 Million | $ 54.534 Million | $ 128.974 Million | 11.36% |
Sweden Phase Change Materials Market Sales Revenue | $ 16.43 Million | $ 26.107 Million | $ 66.023 Million | 12.297% |
Denmark Phase Change Materials Market Sales Revenue | $ 19.287 Million | $ 30.168 Million | $ 73.7 Million | 11.812% |
Switzerland Phase Change Materials Market Sales Revenue | $ 12.501 Million | $ 19.145 Million | $ 46.062 Million | 11.599% |
Luxembourg Phase Change Materials Market Sales Revenue | $ 5.715 Million | $ 8.702 Million | $ 19.96 Million | 10.935% |
Rest of Europe Phase Change Materials Market Sales Revenue | $ 47.503 Million | $ 79.481 Million | $ 216.493 Million | 13.344% |
Asia Pacific Phase Change Materials Market Sales Revenue | $ 260.222 Million | $ 449.828 Million | $ 1335.64 Million | 14.572% |
China Phase Change Materials Market Sales Revenue | $ 91.442 Million | $ 163.917 Million | $ 514.754 Million | 15.378% |
Japan Phase Change Materials Market Sales Revenue | $ 53.528 Million | $ 86.682 Million | $ 226.657 Million | 12.767% |
India Phase Change Materials Market Sales Revenue | $ 26.881 Million | $ 49.616 Million | $ 168.691 Million | 16.529% |
South Korea Phase Change Materials Market Sales Revenue | $ 33.022 Million | $ 56.633 Million | $ 165.485 Million | 14.343% |
Australia Phase Change Materials Market Sales Revenue | $ 13.688 Million | $ 22.761 Million | $ 60.905 Million | 13.092% |
Singapore Phase Change Materials Market Sales Revenue | $ 7.286 Million | $ 11.696 Million | $ 32.055 Million | 13.432% |
South East Asia Phase Change Materials Market Sales Revenue | $ 12.855 Million | $ 21.772 Million | $ 48.216 Million | 10.449% |
Taiwan Phase Change Materials Market Sales Revenue | $ 7.026 Million | $ 11.246 Million | $ 30.72 Million | 13.384% |
Rest of APAC Phase Change Materials Market Sales Revenue | $ 14.494 Million | $ 25.505 Million | $ 88.152 Million | 16.768% |
South America Phase Change Materials Market Sales Revenue | $ 64.29 Million | $ 107.412 Million | $ 299.091 Million | 13.656% |
Brazil Phase Change Materials Market Sales Revenue | $ 29.683 Million | $ 49.377 Million | $ 135.398 Million | 13.439% |
Argentina Phase Change Materials Market Sales Revenue | $ 11.463 Million | $ 18.829 Million | $ 50.217 Million | 13.045% |
Colombia Phase Change Materials Market Sales Revenue | $ 4.892 Million | $ 8.711 Million | $ 27.247 Million | 15.32% |
Peru Phase Change Materials Market Sales Revenue | $ 3.35 Million | $ 5.918 Million | $ 17.975 Million | 14.897% |
Chile Phase Change Materials Market Sales Revenue | $ 7.933 Million | $ 13.362 Million | $ 38.104 Million | 13.995% |
Rest of South America Phase Change Materials Market Sales Revenue | $ 6.969 Million | $ 11.214 Million | $ 30.148 Million | 13.159% |
Middle East Phase Change Materials Market Sales Revenue | $ 51.024 Million | $ 86.182 Million | $ 245.437 Million | 13.977% |
Saudi Arabia Phase Change Materials Market Sales Revenue | $ 18.843 Million | $ 32.775 Million | $ 96.481 Million | 14.449% |
Turkey Phase Change Materials Market Sales Revenue | $ 10.154 Million | $ 16.978 Million | $ 47.369 Million | 13.685% |
UAE Phase Change Materials Market Sales Revenue | $ 9.128 Million | $ 15.504 Million | $ 44.915 Million | 14.22% |
Egypt Phase Change Materials Market Sales Revenue | $ 6.225 Million | $ 10.342 Million | $ 28.716 Million | 13.616% |
Qatar Phase Change Materials Market Sales Revenue | $ 3.281 Million | $ 5.197 Million | $ 13.082 Million | 12.232% |
Rest of Middle East Phase Change Materials Market Sales Revenue | $ 3.393 Million | $ 5.386 Million | $ 14.873 Million | 13.538% |
Africa Phase Change Materials Market Sales Revenue | $ 34.696 Million | $ 56.754 Million | $ 146.121 Million | 12.548% |
Nigeria Phase Change Materials Market Sales Revenue | $ 9.958 Million | $ 15.721 Million | $ 37.407 Million | 11.445% |
South Africa Phase Change Materials Market Sales Revenue | $ 13.219 Million | $ 21.907 Million | $ 57.718 Million | 12.873% |
Rest of Africa Phase Change Materials Market Sales Revenue | $ 11.519 Million | $ 19.126 Million | $ 50.996 Million | 13.042% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type |
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Market Split by Application |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Market Drivers:
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Market Restrains:
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Market Trends:
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Phase Change Materials Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Growing Interest in Energy-Saving Structures: The growing emphasis on building energy saving is one of the main motivators. PCMs are frequently utilized in HVAC systems, walls, and roofs to preserve thermal comfort while using less energy. PCMs provide a practical option for passive thermal energy storage in both commercial and residential buildings, which is in line with tighter building efficiency requirements and growing global energy costs.
Growing Utilization in Temperature-Sensitive Logistics and Cold Chain: PCMs are being used more and more in the food and beverage and pharmaceutical sectors for thermal packaging in the cold chain. These materials ensure product integrity without exclusively depending on active cooling systems by helping to maintain a constant temperature range during transportation, particularly for vaccines, biologics, and frozen food products.
Government Policies That Encourage Green Buildings and Green Building Certifications: Governments all across the world are providing incentives for sustainable technologies and green building. Adoption of PCMs in building envelopes and interiors is being pushed by initiatives like LEED, BREEAM, and India's ECBC, which promote the use of materials that help save energy.
Expensive initial outlay and intricate processing: The high initial cost of PCMs in comparison to conventional insulation materials restricts their use, even if they offer long-term energy savings, particularly in markets where costs are a concern. Furthermore, problems with thermal compatibility, composite integration, and microencapsulation raise the complexity and expense of manufacture.
Restricted Stability and Thermal Conductivity: The effectiveness of heat transfer is impacted by the low thermal conductivity of many PCMs, especially organic ones. Additionally, following repeated heat cycling, some types exhibit phase segregation or deterioration, which reduces their longevity and appropriateness for specific high-performance applications.
Challenges in Regulatory and Material Safety: Under some circumstances, some PCMs—particularly those that are inorganic or salt-based—may be poisonous, flammable, or corrosive. Widespread adoption may be hampered by these safety issues and legal restrictions, especially in residential and medical settings.
Development of Eco-Friendly and Bio-Based PCMs: As sustainable substitutes for petroleum-based materials, bio-based PCMs made from natural fats and oils are becoming increasingly popular. These environmentally responsible choices are in line with tighter chemical laws around the world and increased environmental consciousness.
Integration with IoT-Enabled Systems and Smart Materials: PCMs are being incorporated by researchers into "smart" systems that react dynamically to temperature changes, including wearable technology, adaptive facades, and smart fabrics. The potential for intelligent temperature management across industries is increased when PCMs are coupled with Internet of Things sensors.
Growth in Energy Storage and Renewable Energy: Solar thermal energy storage systems are increasingly using PCMs to store extra heat and release it during the hours when the sun isn't shining. This facilitates the creation of more dependable renewable energy infrastructure by bridging the gap between energy generation and demand.
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Chemical and materials companies are facing some challenges including stringent rules & regulation, supply chain disruption along with raw material price volatility. Thus, some of the key players are adopting new technologies to enhance their product portfolio. Now days digital technologies play an important role in this sector because it improves efficiency, operations and productivity of the plant. This study helps you to understand the competitor’s revenue generation, key strategies, recent development coupled with its S.W.O.T analysis.
Top Companies Market Share in Phase Change Materials Industry: (In no particular order of Rank)
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The regional analysis offers Phase Change Materials market size, share and a detailed analysis for each region. This quantitative as well as qualitative information is crucial for new entrants along with companies operating in Phase Change Materials market . Phase Change Materials market production and consumption can vary significantly from one region to another owing to factors such as, the availability of raw materials, regulatory environments, and others.
The current report Scope analyzes Phase Change Materials 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
The above graph is for illustrative purposes only.
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Global Phase Change Materials 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 Phase Change Materials Industry growth. Phase Change Materials market has been segmented with the help of its Type, Application , and others. Phase Change Materials 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.
Quality management is the major parameter to meet specific standards and specifications, reliability and consistency. The chemical and material industry is full of various types of chemicals and it is necessary to focus on quality management because it may affect environment & other equipment. Raw materials plays an important role in this industry. The chemical industry converts these raw materials into primary, secondary, and tertiary products. Fluctuations in raw material prices may impact the market growth in the near future. This study includes the revenue generation of each type in each region for the year 2021 to 2033. Additionally it also provides detailed supply chain analysis along with current trends in the market which are expected to propel the market growth in the coming year.
Type of Phase Change Materials analyzed in this report are as follows:
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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 Phase Change Materials Market.
Some of the key Application of Phase Change Materials 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 Phase Change Materials Market is witnessing significant growth in the near future.
In 2023, the Organic segment accounted for noticeable share of global Phase Change Materials 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 Honeywell Intemational Inc (US) , Croda Intemational Plc (UK) 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:
Type | Organic, Inorganic, Eutectic |
Application | Building & Construction, HVAC, Cold Chain & Packaging, Thermal Energy Storage, Refrigeration & Equipment, Textiles, Electronics, Others |
List of Competitors | Honeywell Intemational Inc (US), DuPont de Nemours Inc. (US), Croda Intemational Plc (UK), Boyd Corporation (US), Sasol Limited (South Africa), Outlast Technologies LC (US), Climator Sweden AB (Sweden), Rubitherm Technologies GmbH (Germany), PureTemp LLC (US), Phase Change Solutions (US), Others |
This chapter will help you gain GLOBAL Market Analysis of Phase Change Materials. Further deep in this chapter, you will be able to review Global Phase Change Materials 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 Phase Change Materials. Further deep in this chapter, you will be able to review North America Phase Change Materials Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Phase Change Materials. Further deep in this chapter, you will be able to review Europe Phase Change Materials Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Phase Change Materials. Further deep in this chapter, you will be able to review Asia Pacific Phase Change Materials 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 Phase Change Materials. Further deep in this chapter, you will be able to review South America Phase Change Materials 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 Phase Change Materials. Further deep in this chapter, you will be able to review Middle East Phase Change Materials 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 Phase Change Materials. Further deep in this chapter, you will be able to review Middle East Phase Change Materials 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 Phase Change Materials. 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.
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 Type Analysis 2019 -2031, will provide market size split by Type. 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 Type 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
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Phase Change Materials market
Chapter 12 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 13 Research Methodology and Sources
Why Organic have a significant impact on Phase Change Materials market? |
What are the key factors affecting the Organic and Inorganic of Phase Change Materials 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 Phase Change Materials Market? |
Which region is expected to dominate the global Phase Change Materials Market within the forecast period? |