Phase Change Materials (PCM) Market Size to Hit USD 3,324.78 Million by 2034

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Phase Change Materials (PCM) Market

5.1. COVID-19 Landscape: Phase Change Materials (PCM) Industry Impact

5.2. COVID 19 - Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Phase Change Materials (PCM) Market, By Material/Chemical Type

8.1. Phase Change Materials (PCM) Market Revenue and Volume, by Material/Chemical Type

8.1.1. Organic PCMs (paraffins, fatty acids, esters)

8.1.1.1. Market Revenue and Volume Forecast

8.1.2. Inorganic PCMs (salt hydrates, metallics)

8.1.2.1. Market Revenue and Volume Forecast

8.1.3. Eutectic PCMs (organic–organic or organic–inorganic mixtures)

8.1.3.1. Market Revenue and Volume Forecast

8.1.4. Bio-based PCMs (fatty-acid derivatives from plant/animal oils)

8.1.4.1. Market Revenue and Volume Forecast

Chapter 9. Global Phase Change Materials (PCM) Market, By Form/Encapsulation

9.1. Phase Change Materials (PCM) Market Revenue and Volume, by Form/Encapsulation

9.1.1. Macro-encapsulated PCMs (sheets, panels, containers)

9.1.1.1. Market Revenue and Volume Forecast

9.1.2. Micro-encapsulated PCMs (microcapsules for paints, gypsum, textiles)

9.1.2.1. Market Revenue and Volume Forecast

Chapter 10. Global Phase Change Materials (PCM) Market, By Application/End-use

10.1. Phase Change Materials (PCM) Market Revenue and Volume, by Application/End-use

10.1.1. Building & Construction

10.1.1.1. Market Revenue and Volume Forecast

10.1.2. HVAC & Thermal Comfort systems

10.1.2.1. Market Revenue and Volume Forecast

10.1.3. Thermal Energy Storage

10.1.3.1. Market Revenue and Volume Forecast

10.1.4. Cold Chain & Packaging

10.1.4.1. Market Revenue and Volume Forecast

10.1.5. Electronics & Thermal Management (data centers, power electronics, batteries)

10.1.5.1. Market Revenue and Volume Forecast

10.1.6. Textiles & Wearables (phase-change fibres/linings)

10.1.6.1. Market Revenue and Volume Forecast

10.1.7. Automotive (battery thermal management, cabin comfort)

10.1.7.1. Market Revenue and Volume Forecast

10.1.8. Refrigeration & Equipment

10.1.8.1. Market Revenue and Volume Forecast

10.1.9. Others (medical, aerospace, process industry)

10.1.9.1. Market Revenue and Volume Forecast

Chapter 11. Global Phase Change Materials (PCM) Market, By Temperature Range

11.1. Phase Change Materials (PCM) Market Revenue and Volume, by Temperature Range

11.1.1. Low-temperature PCMs (<0°C)

11.1.1.1. Market Revenue and Volume Forecast

11.1.2. Medium-temperature PCMs (~0–200°C)

11.1.2.1. Market Revenue and Volume Forecast

11.1.3. High-temperature PCMs (>200°C)

11.1.3.1. Market Revenue and Volume Forecast

Chapter 12. Global Phase Change Materials (PCM) Market, By End User/Industry

12.1. Phase Change Materials (PCM) Market Revenue and Volume, by End User/Industry

12.1.1. Construction & Building Materials

12.1.1.1. Market Revenue and Volume Forecast

12.1.2. Energy & Utilities (thermal energy storage)

12.1.2.1. Market Revenue and Volume Forecast

12.1.3. Cold-chain logistics & pharma packaging

12.1.3.1. Market Revenue and Volume Forecast

12.1.4. Electronics/Data centers/EV manufacturers

12.1.4.1. Market Revenue and Volume Forecast

12.1.5. Textiles & Personal Thermal Management

12.1.5.1. Market Revenue and Volume Forecast

12.1.5. Industrial process heating/cooling

12.1.5.1. Market Revenue and Volume Forecast

12.1.5. Aerospace & Defense

12.1.5.1. Market Revenue and Volume Forecast

Chapter 13. Global Phase Change Materials (PCM) Market, Regional Estimates and Trend Forecast

13.1. North America

13.1.1. Market Revenue and Volume Forecast, by Material/Chemical Type

13.1.2. Market Revenue and Volume Forecast, by Form/Encapsulation

13.1.3. Market Revenue and Volume Forecast, by Application/End-use

13.1.4. Market Revenue and Volume Forecast, by Temperature Range

13.1.5. Market Revenue and Volume Forecast, by End User/Industry

13.1.6. U.S.

13.1.6.1. Market Revenue and Volume Forecast, by Material/Chemical Type

13.1.6.2. Market Revenue and Volume Forecast, by Form/Encapsulation

13.1.6.3. Market Revenue and Volume Forecast, by Application/End-use

13.1.6.4. Market Revenue and Volume Forecast, by Temperature Range

13.1.6.5. Market Revenue and Volume Forecast, by End User/Industry

13.1.7. Rest of North America

13.1.7.1. Market Revenue and Volume Forecast, by Material/Chemical Type

13.1.7.2. Market Revenue and Volume Forecast, by Form/Encapsulation

13.1.7.3. Market Revenue and Volume Forecast, by Application/End-use

13.1.7.4. Market Revenue and Volume Forecast, by Temperature Range

13.1.7.5. Market Revenue and Volume Forecast, by End User/Industry

13.2. Europe

13.2.1. Market Revenue and Volume Forecast, by Material/Chemical Type

13.2.2. Market Revenue and Volume Forecast, by Form/Encapsulation

13.2.3. Market Revenue and Volume Forecast, by Application/End-use

13.2.4. Market Revenue and Volume Forecast, by Temperature Range

13.2.5. Market Revenue and Volume Forecast, by End User/Industry

13.2.6. UK

13.2.6.1. Market Revenue and Volume Forecast, by Material/Chemical Type

13.2.6.2. Market Revenue and Volume Forecast, by Form/Encapsulation

13.2.6.3. Market Revenue and Volume Forecast, by Application/End-use

13.2.7. Market Revenue and Volume Forecast, by Temperature Range

13.2.8. Market Revenue and Volume Forecast, by End User/Industry

13.2.9. Germany

13.2.9.1. Market Revenue and Volume Forecast, by Material/Chemical Type

13.2.9.2. Market Revenue and Volume Forecast, by Form/Encapsulation

13.2.9.3. Market Revenue and Volume Forecast, by Application/End-use

13.2.10. Market Revenue and Volume Forecast, by Temperature Range

13.2.11. Market Revenue and Volume Forecast, by End User/Industry

13.2.12. France

13.2.12.1. Market Revenue and Volume Forecast, by Material/Chemical Type

13.2.12.2. Market Revenue and Volume Forecast, by Form/Encapsulation

13.2.12.3. Market Revenue and Volume Forecast, by Application/End-use

13.2.12.4. Market Revenue and Volume Forecast, by Temperature Range

13.2.13. Market Revenue and Volume Forecast, by End User/Industry

13.2.14. Rest of Europe

13.2.14.1. Market Revenue and Volume Forecast, by Material/Chemical Type

13.2.14.2. Market Revenue and Volume Forecast, by Form/Encapsulation

13.2.14.3. Market Revenue and Volume Forecast, by Application/End-use

13.2.14.4. Market Revenue and Volume Forecast, by Temperature Range

13.2.15. Market Revenue and Volume Forecast, by End User/Industry

13.3. APAC

13.3.1. Market Revenue and Volume Forecast, by Material/Chemical Type

13.3.2. Market Revenue and Volume Forecast, by Form/Encapsulation

13.3.3. Market Revenue and Volume Forecast, by Application/End-use

13.3.4. Market Revenue and Volume Forecast, by Temperature Range

13.3.5. Market Revenue and Volume Forecast, by End User/Industry

13.3.6. India

13.3.6.1. Market Revenue and Volume Forecast, by Material/Chemical Type

13.3.6.2. Market Revenue and Volume Forecast, by Form/Encapsulation

13.3.6.3. Market Revenue and Volume Forecast, by Application/End-use

13.3.6.4. Market Revenue and Volume Forecast, by Temperature Range

13.3.7. Market Revenue and Volume Forecast, by End User/Industry

13.3.8. China

13.3.8.1. Market Revenue and Volume Forecast, by Material/Chemical Type

13.3.8.2. Market Revenue and Volume Forecast, by Form/Encapsulation

13.3.8.3. Market Revenue and Volume Forecast, by Application/End-use

13.3.8.4. Market Revenue and Volume Forecast, by Temperature Range

13.3.9. Market Revenue and Volume Forecast, by End User/Industry

13.3.10. Japan

13.3.10.1. Market Revenue and Volume Forecast, by Material/Chemical Type

13.3.10.2. Market Revenue and Volume Forecast, by Form/Encapsulation

13.3.10.3. Market Revenue and Volume Forecast, by Application/End-use

13.3.10.4. Market Revenue and Volume Forecast, by Temperature Range

13.3.10.5. Market Revenue and Volume Forecast, by End User/Industry

13.3.11. Rest of APAC

13.3.11.1. Market Revenue and Volume Forecast, by Material/Chemical Type

13.3.11.2. Market Revenue and Volume Forecast, by Form/Encapsulation

13.3.11.3. Market Revenue and Volume Forecast, by Application/End-use

13.3.11.4. Market Revenue and Volume Forecast, by Temperature Range

13.3.11.5. Market Revenue and Volume Forecast, by End User/Industry

13.4. MEA

13.4.1. Market Revenue and Volume Forecast, by Material/Chemical Type

13.4.2. Market Revenue and Volume Forecast, by Form/Encapsulation

13.4.3. Market Revenue and Volume Forecast, by Application/End-use

13.4.4. Market Revenue and Volume Forecast, by Temperature Range

13.4.5. Market Revenue and Volume Forecast, by End User/Industry

13.4.6. GCC

13.4.6.1. Market Revenue and Volume Forecast, by Material/Chemical Type

13.4.6.2. Market Revenue and Volume Forecast, by Form/Encapsulation

13.4.6.3. Market Revenue and Volume Forecast, by Application/End-use

13.4.6.4. Market Revenue and Volume Forecast, by Temperature Range

13.4.7. Market Revenue and Volume Forecast, by End User/Industry

13.4.8. North Africa

13.4.8.1. Market Revenue and Volume Forecast, by Material/Chemical Type

13.4.8.2. Market Revenue and Volume Forecast, by Form/Encapsulation

13.4.8.3. Market Revenue and Volume Forecast, by Application/End-use

13.4.8.4. Market Revenue and Volume Forecast, by Temperature Range

13.4.9. Market Revenue and Volume Forecast, by End User/Industry

13.4.10. South Africa

13.4.10.1. Market Revenue and Volume Forecast, by Material/Chemical Type

13.4.10.2. Market Revenue and Volume Forecast, by Form/Encapsulation

13.4.10.3. Market Revenue and Volume Forecast, by Application/End-use

13.4.10.4. Market Revenue and Volume Forecast, by Temperature Range

13.4.10.5. Market Revenue and Volume Forecast, by End User/Industry

13.4.11. Rest of MEA

13.4.11.1. Market Revenue and Volume Forecast, by Material/Chemical Type

13.4.11.2. Market Revenue and Volume Forecast, by Form/Encapsulation

13.4.11.3. Market Revenue and Volume Forecast, by Application/End-use

13.4.11.4. Market Revenue and Volume Forecast, by Temperature Range

13.4.11.5. Market Revenue and Volume Forecast, by End User/Industry

13.5. Latin America

13.5.1. Market Revenue and Volume Forecast, by Material/Chemical Type

13.5.2. Market Revenue and Volume Forecast, by Form/Encapsulation

13.5.3. Market Revenue and Volume Forecast, by Application/End-use

13.5.4. Market Revenue and Volume Forecast, by Temperature Range

13.5.5. Market Revenue and Volume Forecast, by End User/Industry

13.5.6. Brazil

13.5.6.1. Market Revenue and Volume Forecast, by Material/Chemical Type

13.5.6.2. Market Revenue and Volume Forecast, by Form/Encapsulation

13.5.6.3. Market Revenue and Volume Forecast, by Application/End-use

13.5.6.4. Market Revenue and Volume Forecast, by Temperature Range

13.5.7. Market Revenue and Volume Forecast, by End User/Industry

13.5.8. Rest of LATAM

13.5.8.1. Market Revenue and Volume Forecast, by Material/Chemical Type

13.5.8.2. Market Revenue and Volume Forecast, by Form/Encapsulation

13.5.8.3. Market Revenue and Volume Forecast, by Application/End-use

13.5.8.4. Market Revenue and Volume Forecast, by Temperature Range

13.5.8.5. Market Revenue and Volume Forecast, by End User/Industry

Chapter 14. Company Profiles

14.1. Honeywell International Inc

14.1.1. Company Overview

14.1.2. Product Offerings

14.1.3. Financial Performance

14.1.4. Recent Initiatives

14.2. BASF SE

14.2.1. Company Overview

14.2.2. Product Offerings

14.2.3. Financial Performance

14.2.4. Recent Initiatives

14.3. DuPont de Nemours

14.3.1. Company Overview

14.3.2. Product Offerings

14.3.3. Financial Performance

14.3.4. Recent Initiatives

14.4. Croda International Plc

14.4.1. Company Overview

14.4.2. Product Offerings

14.4.3. Financial Performance

14.4.4. Recent Initiatives

14.5. Rubitherm Technologies GmbH

14.5.1. Company Overview

14.5.2. Product Offerings

14.5.3. Financial Performance

14.5.4. Recent Initiatives

14.6. PureTemp / Entropy Solutions LLC

14.6.1. Company Overview

14.6.2. Product Offerings

14.6.3. Financial Performance

14.6.4. Recent Initiatives

14.7. Outlast Technologies LLC

14.7.1. Company Overview

14.7.2. Product Offerings

14.7.3. Financial Performance

14.7.4. Recent Initiatives

14.8. Climator Sweden AB

14.8.1. Company Overview

14.8.2. Product Offerings

14.8.3. Financial Performance

14.8.4. Recent Initiatives

14.9. Phase Change Materials Products Ltd

14.9.1. Company Overview

14.9.2. Product Offerings

14.9.3. Financial Performance

14.9.4. Recent Initiatives

14.10. Cold Chain Technologies

14.10.1. Company Overview

14.10.2. Product Offerings

14.10.3. Financial Performance

14.10.4. Recent Initiatives

Chapter 15. Research Methodology

15.1. Primary Research

15.2. Secondary Research

15.3. Assumptions

Chapter 16. Appendix

16.1. About Us

16.2. Glossary of Terms

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Frequently Asked Questions

The phase change materials (PCM) market size is expected to increase from USD 767.55 million in 2025 to USD 3,324.78 million by 2034.

The phase change materials (PCM) market is expected to grow at a compound annual growth rate (CAGR) of around 17.69% from 2025 to 2034.

The major players in the phase change materials (PCM) market include Phase Change Materials Products Ltd Cold Chain Technologies, Microtek Laboratories, Inc., Pluss Advanced Technologies Pvt. Ltd., Phase Change Energy Solutions, Inc, Boyd Corporation, Sasol Limited, Henkel AG & Co. KGaA, Laird plc, Sonoco Products Company, Advansa B.V., and Cold Chain Technologies, Inc.

The driving factors of the phase change materials (PCM) market are the rising demand for energy-efficient buildings, improved thermal management needs, and broader adoption across electronics, packaging, and renewable energy solutions.

Europe region will lead the global phase change materials (PCM) market during the forecast period 2025 to 2034.