Advanced Phase Change Materials (PCM) Market size was valued at USD 1.5 Billion in 2024 and is forecasted to grow at a CAGR of 12.5% from 2026 to 2033, reaching USD 4.2 Billion by 2033.
The Advanced Phase Change Materials (PCM) market was valued at approximately USD 1.9 billion in 2022, and it is expected to expand at a compound annual growth rate (CAGR) of 12.1% during the forecast period. The demand for advanced PCMs is driven by their widespread application in energy storage, construction, electronics, and textiles industries. As the need for energy efficient solutions and sustainable technologies increases, the market is projected to reach an estimated USD 5.8 billion by 2030. The growing emphasis on reducing energy consumption and improving thermal regulation in various sectors is significantly influencing market growth. The demand for energy storage systems, along with advancements in thermal energy management, is expected to further fuel the adoption of advanced PCMs in various applications worldwide.
Regionally, North America and Europe dominate the advanced PCM market due to the high adoption of energy efficient solutions, with North America holding a significant market share in 2022. The U.S. is anticipated to be a key player in the development of advanced PCM technologies, driven by a robust demand for thermal energy storage in commercial and residential applications. Europe follows closely, with countries such as Germany and the UK investing heavily in sustainable construction technologies. The Asia Pacific region is expected to witness the highest growth rate, owing to rapid industrialization, government initiatives for sustainable building materials, and increasing demand for energy efficient solutions. Countries like China and India are likely to offer lucrative opportunities for market expansion.
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BASF
Honeywell
Cryopak
Entropy Solutions Inc.
Climator Sweden AB
Phase Change Energy Solutions
Outlast Technologies
Dow Building Solutions
Chemours Company
PCM Energy Ltd
Rubitherm Technologies GmbH
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Advanced Phase Change Materials (PCM) Market
Organic PCMs
Inorganic PCMs
Biodegradable PCMs
Building and Construction
Thermal Energy Storage
Cooling Systems
Textiles
Electronics
Construction
Energy
Automotive
Textiles
Electronics
Microcapsules
Macroencapsulated PCMs
PCM Slurries
Low Storage Capacity
Medium Storage Capacity
High Storage Capacity
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Advanced Phase Change Materials (PCM) Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Advanced Phase Change Materials (PCM) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Advanced Phase Change Materials (PCM) Market, By Type
6. Global Advanced Phase Change Materials (PCM) Market, By Application
7. Global Advanced Phase Change Materials (PCM) Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Advanced Phase Change Materials (PCM) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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