What are the major factors driving the growth of the phase change material market?

In the year 2024, the industry size of phase change material was over USD 1.2 billion. Read More

What would be the CAGR of phase change material Market over the forecast period?

The market size for phase change material is predicted to cross USD 5.5 billion by the end of 2036 expanding at a CAGR of 12.42% during the forecast period i.e., between 2025-2037.. Read More

Which region will provide more business opportunities for growth of phase change material market in future?

The organic segment is anticipated to garner a share of USD 2.87 billion during 2025-2037. Read More

Who are the major players dominating in the phase change material market?

The Asia Pacific phase change material sector is poised to capture USD 2.3 billion in revenue by the end of 2037. Read More

Phase Change Material Market Analysis

Introduction
1. Study Objective
2. Market Taxonomy
3. Study Assumptions and Abbreviations
Research Methodology
1. Secondary Research
2. Primary Research
3. Data Triangulation
Executive Summary
1. Global Market Summary
2. Phase Change Material Market Segmentation
3. Regional Summary
4. Competitive Outlook
Global Industry Overview (1/2)
1. Market Overview
2. Market Segmentation
3. Regional Synopsis
4. DROT
  1. Drivers
  2. Restraints
  3. Opportunities
  4. Trends
5. Government Regulation
6. Competitive Landscape
  1. Croda International plc
  2. Honeywell International Inc.
  3. KANEKA CORPORATION
  4. Cryopak
  5. Microtek Laboratories, Inc.
  6. Pluss Advanced Technologies
  7. RGEES, LLC
  8. T-Global Technology
  9. Thermo Fisher Scientific Inc.
  10. Henkel AG & Co. KGaA
7. Industry Supply Chain Analysis
8. Ongoing Technological Advancement
9. Pricing and Benchmarking Analysis
10. SWOT Analysis
11. Porter Five Forces Analysis
12. Patent Analysis
13. Industry Risk Assessment
14. Growth Outlook
Global Outlook and Projections
1. Global Overview
2. Market Value (USD Million), Volume (Thousand Tons), Current and Future Projections, 2024-2037
3. Increment $ Opportunity Assessment, 2024-2037
4. Year-on-Year Growth Forecast (%)
5. Global Segmentation (USD Million), 2024-2037, By
  1. Type, Value (USD Million), & Volume (Thousand Tons)
  2. Inorganic
  3. Organic
  4. Eutectic
6. Application, Value (USD Million)
  1. HVAC
  2. Waste Heat Recovery
  3. Clothing
  4. Others
7. End-Use Industry, Value (USD Million)
  1. Building and Construction
  2. Packaging
  3. Textile
  4. Electronics
  5. Others
8. Regional Synopsis (USD Million), Volume (Thousand Tons), 2024-2037
  1. North America
  2. Europe
  3. Asia Pacific
  4. Latin America
  5. Middle East and Africa
North America Market
1. Overview
  1. Market Value (USD Million), Volume (Thousand Tons), Current and Future Projections, 2024-2037
  2. Year-on-Year Growth Forecast (%)
2. Segmentation (USD Million), 2024-2037, By
  1. Type, Value (USD Million), & Volume (Thousand Tons)
    1. Inorganic
    2. Organic
    3. Eutectic
  2. Application, Value (USD Million)
    1. HVAC
    2. Waste Heat Recovery
    3. Clothing
    4. Others
  3. End-Use Industry, Value (USD Million)
    1. Building and Construction
    2. Packaging
    3. Textile
    4. Electronics
    5. Others
  4. Country Level Analysis
    1. US, (USD Million), (Thousand Tons)
    2. Canada, (USD Million), (Thousand Tons)
Europe Market
1. Overview
2. Market Value (USD Million), Volume (Thousand Tons), Current and Future Projections, 2024-2037
3. Year-on-Year Growth Forecast (%)
4. Segmentation (USD Million), 2024-2037, By
  1. Type, Value (USD Million), & Volume (Thousand Tons)
    1. Inorganic
    2. Organic
    3. Eutectic
  2. Application, Value (USD Million)
    1. HVAC
    2. Waste Heat Recovery
    3. Clothing
    4. Others
  3. End-Use Industry, Value (USD Million)
    1. Building and Construction
    2. Packaging
    3. Textile
    4. Electronics
    5. Others
  4. Country Level Analysis
    1. UK, (USD Million), (Thousand Tons)
    2. Germany, (USD Million), (Thousand Tons)
    3. France, (USD Million), (Thousand Tons)
    4. Italy, (USD Million), (Thousand Tons)
    5. Spain, (USD Million), (Thousand Tons)
    6. NORDIC, (USD Million), (Thousand Tons)
    7. Russia, (USD Million), (Thousand Tons)
    8. Rest of Europe, (USD Million), (Thousand Tons)
Asia Pacific Market
1. Overview
2. Market Value (USD Million), Volume (Thousand Tons), Current and Future Projections, 2024-2037
3. Year-on-Year Growth Forecast (%)
4. Segmentation (USD Million), 2024-2037, By
  1. Type, Value (USD Million), & Volume (Thousand Tons)
    1. Inorganic
    2. Organic
    3. Eutectic
  2. Application, Value (USD Million)
    1. HVAC
    2. Waste Heat Recovery
    3. Clothing
    4. Others
  3. End-Use Industry, Value (USD Million)
    1. Building and Construction
    2. Packaging
    3. Textile
    4. Electronics
    5. Others
  4. Country Level Analysis
    1. China, (USD Million), (Thousand Tons)
    2. Japan, (USD Million), (Thousand Tons)
    3. India, (USD Million), (Thousand Tons)
    4. Australia, (USD Million), (Thousand Tons)
    5. Singapore, (USD Million), (Thousand Tons)
    6. Malaysia, (USD Million), (Thousand Tons)
    7. Thailand, (USD Million), (Thousand Tons)
    8. Vietnam, (USD Million), (Thousand Tons)
    9. South Korea, (USD Million), (Thousand Tons)
    10. Rest of Asia Pacific, (USD Million), (Thousand Tons)
Latin America Market
1. Overview
2. Market Value (USD Million), Volume (Thousand Tons), Current and Future Projections, 2024-2037
3. Year-on-Year Growth Forecast (%)
4. Segmentation (USD Million), 2024-2037, By
  1. Type, Value (USD Million), & Volume (Thousand Tons)
    1. Inorganic
    2. Organic
    3. Eutectic
  2. Application, Value (USD Million)
    1. HVAC
    2. Waste Heat Recovery
    3. Clothing
    4. Others
  3. End-Use Industry, Value (USD Million)
    1. Building and Construction
    2. Packaging
    3. Textile
    4. Electronics
    5. Others
  4. Country Level Analysis
    1. Brazil, (USD Million), (Thousand Tons)
    2. Argentina, (USD Million), (Thousand Tons)
    3. Mexico, (USD Million), (Thousand Tons)
    4. Rest of Latin America, (USD Million), (Thousand Tons)
Middle East and Africa Market
1. Overview
2. Market Value (USD Million), Volume (Thousand Tons), Current and Future Projections, 2024-2037
3. Year-on-Year Growth Forecast (%)
4. Segmentation (USD Million), 2024-2037, By
  1. Type, Value (USD Million), & Volume (Thousand Tons)
    1. Inorganic
    2. Organic
    3. Eutectic
  2. Application, Value (USD Million)
    1. HVAC
    2. Waste Heat Recovery
    3. Clothing
    4. Others
  3. End-Use Industry, Value (USD Million)
    1. Building and Construction
    2. Packaging
    3. Textile
    4. Electronics
    5. Others
  4. Country Level Analysis
    1. GCC, (USD Million), (Thousand Tons)
    2. Israel, (USD Million), (Thousand Tons)
    3. South Africa, (USD Million), (Thousand Tons)
    4. Rest of Middle East & Africa, (USD Million), (Thousand Tons)
Global Economic Scenario
1. World Economic Outlook
About Research Nester
1. Our Global Clientele
2. We Serve Clients Across World

Phase Change Material Market Analysis

Type (Organic, Inorganic, Eutectic)

Organic segment in the phase change material market is estimated to cross USD 2.8 Billion by 2037, which is the highest when compared to the revenue gathered in the year 2024 of USD 0.5 billion. This segment's revenue growth is poised to be dominated by the rise in construction projects.

There were expected to be about 794,431 built-up areas (BUAs) worldwide in 2016. Further, these estimations were predicted to expand to over 849,406 residents by 2022. Also, about 2 million buildings are set to be developed by 2050. As a result, the demand for organic phase change material is estimated to rise. This could also be influenced by growing net-zero initiatives in the construction sector. Consequently, the growth of the market is poised to expand.

Application (HVAC, Waste Heat Recovery, Clothing, Others)

By the end of 2037, HVAC segment in the phase change material market is expected to cross USD 1.6 Billion. The main element to encourage the growth of the segment is increasing urbanization across the globe. According to UNCTAD, the urban population globally was predicted to experience growth by 56.9 percent in 2022.

Owing to this factor, the deployment of HVAC systems is also estimated to rise since it has achieved an indispensable place in their life to provide the expected comfortable environment regardless of the temperature outdoors.

End-Use Industry (Building & Construction, Packaging, Textile, Electronics, Others)

In phase change material market, building & construction segment is projected to reach USD 2.0 Billion by the end of 2037, up from the revenue of USD 0.4 billion generated in the year 2024. This could be notably influenced by growing investment in building structures.

Further people across the globe are becoming aware of the population caused by the construction sector. Hence, their conscious attitude of preferring green development is encouraging this sector to adopt a market.

Our in-depth analysis of the market includes the following segments:

Type	Organic Inorganic Eutectic
Application	HVAC Waste Heat Recovery Clothing Others
End-Use Industry	Building & Construction Packaging Textile Electronics Others

Phase Change Material Market Analysis

Phase Change Material Market Analysis

Browse Key Market Insights with Data Illustration:

Frequently Asked Questions (FAQ)

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Phase Change Material Market Analysis

Phase Change Material Market Analysis

Browse Key Market Insights with Data Illustration:

Frequently Asked Questions (FAQ)

How big is the phase change material industry?

What is the outlook for the phase change material market?

Who are the major players dominating the phase change material landscape?

Which segment will capture the significant market share for phase change material by 2037?

Which region will provide more opportunities for the phase change material business in the near future?