Phase Change Materials Market Report
Industry revenue for Phase Change Materials is estimated to rise to $16.0 billion by 2035 from $2.1 billion of 2023
Phase Change Materials Market to Reach $16.0 Billion by 2035
Market Outlook
As per the latest research by DataString Consulting, the Phase Change Materials (PCM) market is projected to grow significantly from $2.1 billion in 2023 to $16.0 billion by 2035, registering a CAGR driven by 14.4%+ annual growth. The growth is primarily fueled by rising demand across thermal energy storage, building & construction, cold chain logistics, electronics, HVAC systems, and technical textiles.
Key Growth Drivers
Energy-efficient buildings with PCM-based insulation and wall systems
HVAC advancements for indoor temperature regulation and energy savings
Cold chain logistics requiring consistent thermal conditions
Sustainable materials and bio-based PCM innovations
Smart textiles and wearable applications for personal comfort
Applications Transforming the Industry
1. Building & Construction
PCMs are being used to develop smart insulation systems that regulate indoor climate and reduce HVAC loads. BASF and Rubitherm are key players innovating in temperature-responsive construction materials.
2. HVAC Systems
PCMs help manage thermal loads by storing and releasing heat as needed. Phase Change Energy Solutions is integrating PCMs into HVAC units to enhance building energy efficiency.
3. Electronics and Textiles
Companies like Outlast Technologies and TENCEL™ are applying PCMs in consumer electronics and apparel for better thermal management and comfort.
Industry Leadership and Competitive Landscape
The PCM market is highly competitive and innovation-driven. Leading global players are investing in bio-based PCMs, encapsulation technologies, and vertical application integration.
Key Providers
Strategic Focus
BASF, Honeywell, PCM Products
High-density PCMs and scalable energy storage
Phase Change Energy Solutions, Outlast, EcoSmart
Residential & commercial comfort solutions, sustainability
Cryopak, Microtek, Temp-Log
Custom logistics and temperature monitoring
Rubitherm, Climator, Smart Thermal
Electronics cooling, tech devices, consumer energy savings
PCM Inc., TENCEL™, Outlast Technologies
Fashion, smart wearables, comfort-driven textile innovation
Regional Insights
North America
Leads in innovation and adoption of green building materials and textile cooling solutions
Companies like Rubitherm and Outlast are actively developing eco-conscious PCMs for broad commercial use
Top Demand Hubs
United States
Germany
United Kingdom
Research Scope
Segment
Subsegment
Material Type
Organic, Inorganic, Bio-based
Product Form
Encapsulated, Non-Encapsulated
Application
Building & Construction, HVAC, Textiles, Electronics, Others
🔍 Access full report here: Phase Change Materials Market Research Report
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