The global market for Advanced Phase Change Materials (PCM) was valued at US$2.1 Billion in 2024 and is projected to reach US$6.3 Billion by 2030, growing at a CAGR of 19.9% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The application of advanced PCMs is particularly transformative in the building and construction sector and energy storage systems. In buildings, PCMs are incorporated into walls, floors, and roofs to absorb excess heat during the day and release it at night, thus stabilizing indoor temperatures and reducing reliance on conventional heating and cooling systems. This not only improves comfort but also significantly cuts down energy costs and carbon emissions. In energy systems, PCMs are used to regulate the temperature and efficiency of thermal energy storage systems, including solar power plants where they help in managing the heat derived from solar energy. Additionally, the textile industry has seen innovations with PCMs being embedded in fabrics to create garments that maintain comfortable body temperatures, hence enhancing wearer comfort in varying climatic conditions.
The growth in the Advanced Phase Change Materials market is driven by several factors, including technological advancements, increased environmental awareness, and stringent regulatory policies aimed at reducing energy consumption and greenhouse gas emissions. Innovations in material science have led to the development of bio-based PCMs and enhanced composite materials that offer better thermal stability, higher heat storage capacity, and reduced cost. The growing demand for sustainable building solutions and renewable energy sources has also propelled the use of PCMs in green buildings and renewable energy projects. Additionally, consumer behavior trends towards energy-efficient and sustainable products are further influencing the adoption of PCMs in various end-use sectors.
Global Advanced Phase Change Materials (PCM) Market - Key Trends & Drivers Summarized
Advanced Phase Change Materials (PCMs) are substances with a high capacity to store and release heat during phase transitions between solid and liquid states. These materials are designed to absorb, store, or release large amounts of energy while maintaining a relatively constant temperature. Commonly used PCMs include paraffin waxes, fatty acids, and salt hydrates, which are selected based on their melting point, thermal conductivity, density, and stability. The utility of PCMs spans across various industries such as building and construction, HVAC (heating, ventilation, and air conditioning), textiles, and energy storage, where they are used to enhance energy efficiency by regulating temperature variations in environments and systems.The application of advanced PCMs is particularly transformative in the building and construction sector and energy storage systems. In buildings, PCMs are incorporated into walls, floors, and roofs to absorb excess heat during the day and release it at night, thus stabilizing indoor temperatures and reducing reliance on conventional heating and cooling systems. This not only improves comfort but also significantly cuts down energy costs and carbon emissions. In energy systems, PCMs are used to regulate the temperature and efficiency of thermal energy storage systems, including solar power plants where they help in managing the heat derived from solar energy. Additionally, the textile industry has seen innovations with PCMs being embedded in fabrics to create garments that maintain comfortable body temperatures, hence enhancing wearer comfort in varying climatic conditions.
The growth in the Advanced Phase Change Materials market is driven by several factors, including technological advancements, increased environmental awareness, and stringent regulatory policies aimed at reducing energy consumption and greenhouse gas emissions. Innovations in material science have led to the development of bio-based PCMs and enhanced composite materials that offer better thermal stability, higher heat storage capacity, and reduced cost. The growing demand for sustainable building solutions and renewable energy sources has also propelled the use of PCMs in green buildings and renewable energy projects. Additionally, consumer behavior trends towards energy-efficient and sustainable products are further influencing the adoption of PCMs in various end-use sectors.
Scope of the Study
The report analyzes the Advanced Phase Change Materials (PCM) market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.Segments:
Type (Organic, Inorganic); Application (Building & Construction, HVAC, Cold Chain & Packaging, Thermal Energy Storage, Textiles, Other Applications).Geographic Regions/Countries:
World; USA; Canada; Japan; China; Europe; France; Germany; Italy; UK; Spain; Russia; Rest of Europe; Asia-Pacific; Australia; India; South Korea; Rest of Asia-Pacific; Latin America; Argentina; Brazil; Mexico; Rest of Latin America; Middle East; Iran; Israel; Saudi Arabia; UAE; Rest of Middle East; Africa.Key Insights:
- Market Growth: Understand the significant growth trajectory of the Organic PCM segment, which is expected to reach US$2.0 Billion by 2030 with a CAGR of a 18.2%. The Inorganic PCM segment is also set to grow at 20.8% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, valued at $749.7 Million in 2024, and China, forecasted to grow at an impressive 21.3% CAGR to reach $812.0 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as Honeywell International, Inc., Croda International PLC, AI Technology, Inc., Boyd Corporation, KERAFOL Keramische Folien GmbH & Co. KG and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Advanced Phase Change Materials (PCM) Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Advanced Phase Change Materials (PCM) Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Advanced Phase Change Materials (PCM) Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Some of the 55 major companies featured in this Advanced Phase Change Materials (PCM) market report include:
- Honeywell International, Inc.
- Croda International PLC
- AI Technology, Inc.
- Boyd Corporation
- KERAFOL Keramische Folien GmbH & Co. KG
- Climator Sweden AB
- Cold Chain Technologies
- Cryopak
- Encapsys LLC
- Iolitec-Ionic Liquids Technologies GmbH
- Acuro Organics Limited
- Insolcorp, Inc.
- CIAT Group
- Inmark, LLC
- Axiotherm
Table of Contents
I. METHODOLOGYMII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICREST OF WORLDIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Honeywell International, Inc.
- Croda International PLC
- AI Technology, Inc.
- Boyd Corporation
- KERAFOL Keramische Folien GmbH & Co. KG
- Climator Sweden AB
- Cold Chain Technologies
- Cryopak
- Encapsys LLC
- Iolitec-Ionic Liquids Technologies GmbH
- Acuro Organics Limited
- Insolcorp, Inc.
- CIAT Group
- Inmark, LLC
- Axiotherm
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 385 |
| Published | February 2025 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 2.1 Billion |
| Forecasted Market Value ( USD | $ 6.3 Billion |
| Compound Annual Growth Rate | 19.9% |
| Regions Covered | Global |
![Phase Change Material Market: Trends, Opportunities and Competitive Analysis [2024-2030] - Product Image](http://www.researchandmarkets.com/product_images/12625/12625169_60px_jpg/phase_change_material_market.jpg)
