The global Phase Change Materials Market Size was valued at USD 839 billion in 2024 and is projected to reach from USD 974 billion in 2025 to USD 3193 billion by 2033, growing at a CAGR of 16% during the forecast period (2025-2033).

Market Scope and Research Methodology

This report includes a multi-level regional assessment spanning global, regional, and country-specific markets. The analysis highlights market penetration, regional market leadership, and the strategic approaches adopted by prominent companies. A detailed SWOT analysis identifies the strengths, weaknesses, opportunities, and challenges within the market.

The primary goal of the Phase Change Materials Market Report is to provide clear insights into market behavior, emerging trends, and the factors influencing market performance. The study evaluates market structure, segmentation, and forecasted market size while examining growth drivers, industry barriers, and opportunities stemming from technological progress, regulatory frameworks, cost efficiencies, and evolving consumer needs.

Download Exclusive Research Report PDF Sample: (Including Full TOC, List of Tables & Figures, Chart): https://straitsresearch.com/report/phase-change-materials-market/request-sample

Regional Insights

The report presents an in-depth regional assessment of the Phase Change Materials Market across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. Each region is analyzed based on key parameters such as market size, growth rate, trade activities, and overall industry development. This segmentation supports a deeper understanding of the competitive dynamics and market potential within each geographical area.

Market Segmentation

1. By Type
   1. Organic PCM
   2. Inorganic PCM
   3. Bio-Based PCM
2. By Form
   1. Encapsulated
   2. Non-Encapsulated
3. By Application
   1. Building and Construction
   2. HVAC
   3. Textiles
   4. Electronics
   5. Cold Chain & Packaging
   6. Thermal Energy Storage
   7. Others

Key Market Players

1. Axiotherm GmbH
2. Croda Europe Ltd.
3. Global Energy Systems Europe BV
4. Hangzhou Ruhr New Material Technology Co., Ltd. (‘RuhrTech’)
5. Microtek Laboratories, Inc.
6. PCM Technology
7. Outlast Technologies
8. PLUSS Advanced Technologies Pvt. Ltd.
9. Phase change product Pvt. Ltd.
10. PureTemp LLC
11. Rubitherm technologies gmbh
12. Sasol Germany GmbH
13. BASF SE
14. Others

Download Exclusive Research Report PDF Sample: (Including Full TOC, List of Tables & Figures, Chart): https://straitsresearch.com/report/phase-change-materials-market/request-sample

Key Questions Addressed

• What is Phase Change Materials Market?
• What was the market size of the Phase Change Materials Market in 2024?
• What CAGR is expected for the market during the forecast period?
• Which factors are expected to drive market growth?
• What are the major segments of the market?
• Which strategies are companies adopting to strengthen their market presence?
• What emerging applications and trends are shaping the industry?
• Who are the key players in the Phase Change Materials Market?
• What are the portfolios and competencies of leading market participants?

About Us

For over a decade, Straits Research has been a trusted partner to more than 2,392 small and large enterprises, empowering senior leaders and decision-makers with actionable intelligence to navigate complex markets. Our structured syndicate reports, published year-round, cover critical sectors such as chemicals, materials, food and beverage, healthcare, pharmaceuticals, automotive, technology, aerospace, and defense. Combined with our custom research tailored to client-specific needs, we deliver insights that drive business progress and informed decision-making.