South Korea Phase Change Material Market was valued at USD 0.1 Billion in 2022 and is projected to reach USD 0.5 Billion by 2030, growing at a CAGR of 21.5% from 2024 to 2030.
The South Korea Phase Change Material (PCM) market has experienced significant growth over the past few years, driven by increasing demand for energy-efficient solutions across various industries. PCMs are materials that absorb or release latent heat when they undergo a phase change, making them ideal for thermal energy storage. These materials are finding applications in industries ranging from construction and electronics to textiles and automotive manufacturing.
One of the primary drivers of the South Korean PCM market is the construction industry's focus on sustainable buildings. With the growing emphasis on energy efficiency and reducing carbon footprints, PCMs are being integrated into building materials to regulate indoor temperatures. These materials help in maintaining consistent temperatures by absorbing heat during hot periods and releasing it during cooler times, reducing the need for mechanical heating and cooling systems. The use of PCMs in insulation materials has gained popularity for this reason.
The automotive industry in South Korea has also seen a surge in PCM applications, especially in the development of energy-efficient vehicles. PCMs are being incorporated into electric vehicles (EVs) to regulate the temperature of batteries, ensuring optimal performance and extending their lifespan. This application has made PCM technology an essential component in the transition towards greener transportation solutions.
Another key sector driving PCM adoption is the textile industry, where these materials are being integrated into fabrics to enhance comfort. PCM-infused textiles can help maintain a comfortable body temperature by absorbing excess heat and releasing it when the body cools down. These fabrics are used in a variety of products, including activewear, bedding, and even healthcare garments.
In addition to these industries, South Korea’s electronics sector is increasingly incorporating PCMs in products to manage heat dissipation, ensuring longer lifespans and improved performance. PCMs are particularly useful in smartphones, computers, and other devices that generate heat during use.
The Phase Change Material market in South Korea is also fueled by government regulations and incentives promoting green technology. As sustainability becomes a central theme in industrial development, the need for innovative materials like PCMs will only continue to grow, driving demand across various sectors.
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Rubitherm Technologies GmbH
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BASF SE
Advansa BV
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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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 South Korea Phase Change Material Market
Organic Phase Change Materials (PCMs)
Inorganic Phase Change Materials (PCMs)
Bio-based Phase Change Materials (PCMs)
Building & Construction
Cold Chain & Refrigeration
Textiles
Electronics
Healthcare
Others
Micro-encapsulated Phase Change Materials
Macro-encapsulated Phase Change Materials
Bulk Phase Change Materials
Thermal Energy Storage
Temperature Regulation
Heat Management
Cooling Applications
Construction
Food & Beverage
Pharmaceuticals
Manufacturing
Textile & Apparel
Transportation
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Phase Change Material 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. South Korea Phase Change Material Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Phase Change Material Market, By Type
6. South Korea Phase Change Material Market, By Application
7. South Korea Phase Change Material Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Phase Change Material Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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