APO RESEARCH · REPORT
Advanced Phase Change Materials (PCM)
Phase change materials (PCMs) are substances with a high enthalpy of fusion, also known as latent heat, meaning they can store large quantities of heat energy as they change phase. When melting, they absorb heat and maintain the temperature of the environment at a certain value until completely molten. When the temperature of the environment falls below the crystallisation temperature, the PCM will start to solidify, releasing large quantities of heat and maintaining the temperature until completely solid.
Product & engineering
Understand the product.
Phase change materials (PCMs) are substances with a high enthalpy of fusion, also known as latent heat, meaning they can store large quantities of heat energy as they change phase. When melting, they absorb heat and maintain the temperature of the environment at a certain value until completely molten. When the temperature of the environment falls below the crystallisation temperature, the PCM will start to solidify, releasing large quantities of heat and maintaining the temperature until completely solid.
Latent heat storage can be achieved through liquid–>solid, solid–>liquid, solid–>gas and liquid–>gas phase changes. However, only solid–>liquid and liquid–>solid phase changes are practical for PCMs. Although liquid–gas transitions have a higher heat of transformation than solid–liquid transitions, liquid->gas phase changes are impractical for thermal storage because large volumes or high pressures are required to store the materials in their gas phase. Solid–solid phase changes are typically very slow and have a relatively low heat of transformation.
Phase change materials are products that release or absorb heat when they change from one phase to another (usually from solid to liquid or vice versa). These materials store thermal energy in the form of latent heat, which is released when they freeze or crystallize and absorbed when they melt at their respective melting/freezing temperature points. Hence, they are used in a broad range of applications that require thermal control and management.
Based on the technology of the material used, advanced PCM are broadly categorized as inorganic PCM, organic PCM and Bio-based PCM.
Selected research
Market Structure
Global Advanced Phase Change Materials (PCM) Market by Size, by Type, by Application, by Region, History and Forecast 2021-2032
Market perspective
Phase change materials (PCMs) are substances with a high enthalpy of fusion, also known as latent heat, meaning they can store large quantities of heat energy as they change phase. When melting, they absorb heat and maintain the temperature of the environment at a certain value until completely molten. When the temperature of the environment falls below the crystallisation temperature, the PCM will start to solidify, releasing large quantities of heat and maintaining the temperature until completely solid.
Latent heat storage can be achieved through liquid–>solid, solid–>liquid, solid–>gas and liquid–>gas phase changes. However, only solid–>liquid and liquid–>solid phase changes are practical for PCMs. Although liquid–gas transitions have a higher heat of transformation than solid–liquid transitions, liquid->gas phase changes are impractical for thermal storage because large volumes or high pressures are required to store the materials in their gas phase. Solid–solid phase changes are typically very slow and have a relatively low heat of transformation.
Phase change materials are products that release or absorb heat when they change from one phase to another (usually from solid to liquid or vice versa). These materials store thermal energy in the form of latent heat, which is released when they freeze or crystallize and absorbed when they melt at their respective melting/freezing temperature points. Hence, they are used in a broad range of applications that require thermal control and management.
Read the full market overview
Based on the technology of the material used, advanced PCM are broadly categorized as inorganic PCM, organic PCM and Bio-based PCM.
Currently, The industry concentration is not high, the technical barriers and financial barriers of Advanced Phase Change Materials (PCM) are also not high. The companies in the world that produce Advanced Phase Change Materials (PCM) mainly concentrate in China, India, Southeast Asia, Europe, Japan and USA. Raw materials are also concentrated in these regions. In particular, as the market leader in Advanced Phase Change Materials (PCM), BASF take the global market share of about 9%, other key manufacturers include Honeywell, Cryopak Entropy Solutions Inc., Climator Sweden AB, Phase Change Energy Solutions, Outlast Technologies, Dow Building Solutions, Chemours Company, PCM Energy Ltd and Rubitherm.
The report provides an overview of the global Advanced Phase Change Materials (PCM) market in terms of capacity, output, revenue, and price, analyzing global market trends using historical revenue and sales data for 2021-2025, estimates for 2026, and projected CAGRs through 2032.
The study covers key producers of Advanced Phase Change Materials (PCM) and consumption patterns in major regions and countries, assesses future market potential, and highlights priority regions and countries for segmenting the market into sub-sectors, with country-specific market value data for the U.S., Canada, Mexico, Brazil, China, Japan, South Korea, Southeast Asia, India, Germany, the U.K., Italy, the Middle East, Africa, and other countries.
The report also presents Advanced Phase Change Materials (PCM) sales, revenue, market share, and industry ranking for the main manufacturers for 2021-2026, identifies the major stakeholders in the global market, and analyzes their competitive landscape and market positioning based on recent developments and segmental revenues.
In addition, the report analyzes segment data by type and application—covering sales, revenue, and price—for 2021-2032, and evaluates and forecasts the Advanced Phase Change Materials (PCM) market size, projected growth trends, production technologies, key applications, and end-use industries.
Advanced Phase Change Materials (PCM) Segment by Company
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
Advanced Phase Change Materials (PCM) Segment by Type
Organic
Inorganic
Bio-Based
Advanced Phase Change Materials (PCM) Segment by Application
Building & Construction
Refrigeration
Consumer Goods
Others
Advanced Phase Change Materials (PCM) Segment by Region
North America
United States
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Spain
Netherlands
Switzerland
Sweden
Poland
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Southeast Asia
South America
Brazil
Argentina
Chile
Colombia
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Study Objectives
1. To analyze and research the global status and future forecast, involving, production, value, consumption, growth rate (CAGR), market share, historical and forecast.
2. To present the key manufacturers, capacity, production, revenue, market share, and Recent Developments.
3. To split the breakdown data by regions, type, manufacturers, and Application.
4. To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints, and risks.
5. To identify significant trends, drivers, influence factors in global and regions.
6. To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
Reasons to Buy This Report
1. This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Advanced Phase Change Materials (PCM) market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
2. This report will help stakeholders to understand the global industry status and trends of Advanced Phase Change Materials (PCM) and provides them with information on key market drivers, restraints, challenges, and opportunities.
3. This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
4. This report stays updated with novel technology integration, features, and the latest developments in the market.
5. This report helps stakeholders to gain insights into which regions to target globally.
6. This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Advanced Phase Change Materials (PCM).
7. This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution.
Chapter Outline
Chapter 1: Provides an overview of the Advanced Phase Change Materials (PCM) market, including product definition, global market growth prospects, production value, capacity, and average price forecasts (2021-2032).
Chapter 2: Analysis key trends, drivers, challenges, and opportunities within the global Advanced Phase Change Materials (PCM) industry.
Chapter 3: Detailed analysis of Advanced Phase Change Materials (PCM) market competition landscape. Including Advanced Phase Change Materials (PCM) manufacturers' output value, output and average price from 2021 to 2026, as well as competition analysis indicators such as origin, product type, application, merger and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product production/output, value, price, gross margin, product introduction, recent development, etc.
Chapter 7: Production/Production Value of Advanced Phase Change Materials (PCM) by region. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 8: Consumption of Advanced Phase Change Materials (PCM) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space, and production of each country in the world.
Chapter 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Organic
- Inorganic
- Bio-Based
Applications
- Building & Construction
- Refrigeration
- Consumer Goods
- Others
Companies covered
- 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
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Advanced Phase Change Materials (PCM) Production Value Estimates and Forecasts (2021-2032)
- 1.2.2 Global Advanced Phase Change Materials (PCM) Production Capacity Estimates and Forecasts (2021-2032)
- 1.2.3 Global Advanced Phase Change Materials (PCM) Production Estimates and Forecasts (2021-2032)
- 1.2.4 Global Advanced Phase Change Materials (PCM) Market Average Price (2021-2032)
- 1.3 Assumptions and Limitations
- 1.4 Study Goals and Objectives
2 Global Advanced Phase Change Materials (PCM) Market Dynamics
- 2.1 Advanced Phase Change Materials (PCM) Industry Trends
- 2.2 Advanced Phase Change Materials (PCM) Industry Drivers
- 2.3 Advanced Phase Change Materials (PCM) Industry Opportunities and Challenges
- 2.4 Advanced Phase Change Materials (PCM) Industry Restraints
3 Advanced Phase Change Materials (PCM) Market by Manufacturers
- 3.1 Global Advanced Phase Change Materials (PCM) Production Value by Manufacturers (2021-2026)
- 3.2 Global Advanced Phase Change Materials (PCM) Production by Manufacturers (2021-2026)
- 3.3 Global Advanced Phase Change Materials (PCM) Average Price by Manufacturers (2021-2026)
- 3.4 Global Advanced Phase Change Materials (PCM) Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Advanced Phase Change Materials (PCM) Key Manufacturers Manufacturing Sites & Headquarters
- 3.6 Global Advanced Phase Change Materials (PCM) Manufacturers, Product Type & Application
- 3.7 Global Advanced Phase Change Materials (PCM) Manufacturers Established Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Advanced Phase Change Materials (PCM) Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Advanced Phase Change Materials (PCM) Players Market Share by Production Value in 2025
- 3.8.3 2025 Advanced Phase Change Materials (PCM) Tier 1, Tier 2, and Tier 3
4 Advanced Phase Change Materials (PCM) Market by Type
- 4.1 Advanced Phase Change Materials (PCM) Type Introduction
- 4.1.1 Organic
- 4.1.2 Inorganic
- 4.1.3 Bio-Based
- 4.2 Global Advanced Phase Change Materials (PCM) Production by Type
- 4.2.1 Global Advanced Phase Change Materials (PCM) Production by Type (2021 VS 2025 VS 2032)
- 4.2.2 Global Advanced Phase Change Materials (PCM) Production by Type (2021-2032)
- 4.2.3 Global Advanced Phase Change Materials (PCM) Production Market Share by Type (2021-2032)
- 4.3 Global Advanced Phase Change Materials (PCM) Production Value by Type
- 4.3.1 Global Advanced Phase Change Materials (PCM) Production Value by Type (2021 VS 2025 VS 2032)
- 4.3.2 Global Advanced Phase Change Materials (PCM) Production Value by Type (2021-2032)
- 4.3.3 Global Advanced Phase Change Materials (PCM) Production Value Market Share by Type (2021-2032)
5 Advanced Phase Change Materials (PCM) Market by Application
- 5.1 Advanced Phase Change Materials (PCM) Application Introduction
- 5.1.1 Building & Construction
- 5.1.2 Refrigeration
- 5.1.3 Consumer Goods
- 5.1.4 Others
- 5.2 Global Advanced Phase Change Materials (PCM) Production by Application
- 5.2.1 Global Advanced Phase Change Materials (PCM) Production by Application (2021 VS 2025 VS 2032)
- 5.2.2 Global Advanced Phase Change Materials (PCM) Production by Application (2021-2032)
- 5.2.3 Global Advanced Phase Change Materials (PCM) Production Market Share by Application (2021-2032)
- 5.3 Global Advanced Phase Change Materials (PCM) Production Value by Application
- 5.3.1 Global Advanced Phase Change Materials (PCM) Production Value by Application (2021 VS 2025 VS 2032)
- 5.3.2 Global Advanced Phase Change Materials (PCM) Production Value by Application (2021-2032)
- 5.3.3 Global Advanced Phase Change Materials (PCM) Production Value Market Share by Application (2021-2032)
6 Company Profiles
- 6.1 BASF
- 6.1.1 BASF Company Information
- 6.1.2 BASF Business Overview
- 6.1.3 BASF Advanced Phase Change Materials (PCM) Production, Value and Gross Margin (2021-2026)
- 6.1.4 BASF Advanced Phase Change Materials (PCM) Product Portfolio
- 6.1.5 BASF Recent Developments
- 6.2 Honeywell
- 6.2.1 Honeywell Company Information
- 6.2.2 Honeywell Business Overview
- 6.2.3 Honeywell Advanced Phase Change Materials (PCM) Production, Value and Gross Margin (2021-2026)
- 6.2.4 Honeywell Advanced Phase Change Materials (PCM) Product Portfolio
- 6.2.5 Honeywell Recent Developments
- 6.3 Cryopak
- 6.3.1 Cryopak Company Information
- 6.3.2 Cryopak Business Overview
- 6.3.3 Cryopak Advanced Phase Change Materials (PCM) Production, Value and Gross Margin (2021-2026)
- 6.3.4 Cryopak Advanced Phase Change Materials (PCM) Product Portfolio
- 6.3.5 Cryopak Recent Developments
- 6.4 Entropy Solutions Inc.
- 6.4.1 Entropy Solutions Inc. Company Information
- 6.4.2 Entropy Solutions Inc. Business Overview
- 6.4.3 Entropy Solutions Inc. Advanced Phase Change Materials (PCM) Production, Value and Gross Margin (2021-2026)
- 6.4.4 Entropy Solutions Inc. Advanced Phase Change Materials (PCM) Product Portfolio
- 6.4.5 Entropy Solutions Inc. Recent Developments
- 6.5 Climator Sweden AB
- 6.5.1 Climator Sweden AB Company Information
- 6.5.2 Climator Sweden AB Business Overview
- 6.5.3 Climator Sweden AB Advanced Phase Change Materials (PCM) Production, Value and Gross Margin (2021-2026)
- 6.5.4 Climator Sweden AB Advanced Phase Change Materials (PCM) Product Portfolio
- 6.5.5 Climator Sweden AB Recent Developments
- 6.6 Phase Change Energy Solutions
- 6.6.1 Phase Change Energy Solutions Company Information
- 6.6.2 Phase Change Energy Solutions Business Overview
- 6.6.3 Phase Change Energy Solutions Advanced Phase Change Materials (PCM) Production, Value and Gross Margin (2021-2026)
- 6.6.4 Phase Change Energy Solutions Advanced Phase Change Materials (PCM) Product Portfolio
- 6.6.5 Phase Change Energy Solutions Recent Developments
- 6.7 Outlast Technologies
- 6.7.1 Outlast Technologies Company Information
- 6.7.2 Outlast Technologies Business Overview
- 6.7.3 Outlast Technologies Advanced Phase Change Materials (PCM) Production, Value and Gross Margin (2021-2026)
- 6.7.4 Outlast Technologies Advanced Phase Change Materials (PCM) Product Portfolio
- 6.7.5 Outlast Technologies Recent Developments
- 6.8 Dow Building Solutions
- 6.8.1 Dow Building Solutions Company Information
- 6.8.2 Dow Building Solutions Business Overview
- 6.8.3 Dow Building Solutions Advanced Phase Change Materials (PCM) Production, Value and Gross Margin (2021-2026)
- 6.8.4 Dow Building Solutions Advanced Phase Change Materials (PCM) Product Portfolio
- 6.8.5 Dow Building Solutions Recent Developments
- 6.9 Chemours Company
- 6.9.1 Chemours Company Company Information
- 6.9.2 Chemours Company Business Overview
- 6.9.3 Chemours Company Advanced Phase Change Materials (PCM) Production, Value and Gross Margin (2021-2026)
- 6.9.4 Chemours Company Advanced Phase Change Materials (PCM) Product Portfolio
- 6.9.5 Chemours Company Recent Developments
- 6.10 PCM Energy Ltd
- 6.10.1 PCM Energy Ltd Company Information
- 6.10.2 PCM Energy Ltd Business Overview
- 6.10.3 PCM Energy Ltd Advanced Phase Change Materials (PCM) Production, Value and Gross Margin (2021-2026)
- 6.10.4 PCM Energy Ltd Advanced Phase Change Materials (PCM) Product Portfolio
- 6.10.5 PCM Energy Ltd Recent Developments
- 6.11 Rubitherm Technologies GmbH
- 6.11.1 Rubitherm Technologies GmbH Company Information
- 6.11.2 Rubitherm Technologies GmbH Business Overview
- 6.11.3 Rubitherm Technologies GmbH Advanced Phase Change Materials (PCM) Production, Value and Gross Margin (2021-2026)
- 6.11.4 Rubitherm Technologies GmbH Advanced Phase Change Materials (PCM) Product Portfolio
- 6.11.5 Rubitherm Technologies GmbH Recent Developments
7 Global Advanced Phase Change Materials (PCM) Production by Region
- 7.1 Global Advanced Phase Change Materials (PCM) Production by Region: 2021 VS 2025 VS 2032
- 7.2 Global Advanced Phase Change Materials (PCM) Production by Region (2021-2032)
- 7.2.1 Global Advanced Phase Change Materials (PCM) Production by Region (2021-2026)
- 7.2.2 Global Advanced Phase Change Materials (PCM) Production Forecast by Region (2027-2032)
- 7.3 Global Advanced Phase Change Materials (PCM) Production by Region: 2021 VS 2025 VS 2032
- 7.4 Global Advanced Phase Change Materials (PCM) Production Value by Region (2021-2032)
- 7.4.1 Global Advanced Phase Change Materials (PCM) Production Value by Region (2021-2026)
- 7.4.2 Global Advanced Phase Change Materials (PCM) Production Value by Region (2027-2032)
- 7.5 Global Advanced Phase Change Materials (PCM) Market Price Analysis by Region (2021-2032)
- 7.6 Regional Production Value Trends (2021-2032)
- 7.6.1 North America Advanced Phase Change Materials (PCM) Production Value (2021-2032)
- 7.6.2 Europe Advanced Phase Change Materials (PCM) Production Value (2021-2032)
- 7.6.3 Asia-Pacific Advanced Phase Change Materials (PCM) Production Value (2021-2032)
- 7.6.4 South America Advanced Phase Change Materials (PCM) Production Value (2021-2032)
- 7.6.5 Middle East & Africa Advanced Phase Change Materials (PCM) Production Value (2021-2032)
8 Global Advanced Phase Change Materials (PCM) Consumption by Region
- 8.1 Global Advanced Phase Change Materials (PCM) Consumption by Region: 2021 VS 2025 VS 2032
- 8.2 Global Advanced Phase Change Materials (PCM) Consumption by Region (2021-2032)
- 8.2.1 Global Advanced Phase Change Materials (PCM) Consumption by Region (2021-2026)
- 8.2.2 Global Advanced Phase Change Materials (PCM) Consumption by Region (2027-2032)
- 8.3 North America
- 8.3.1 North America Advanced Phase Change Materials (PCM) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.3.2 North America Advanced Phase Change Materials (PCM) Consumption by Country (2021-2032)
- 8.3.3 U.S.
- 8.3.4 Canada
- 8.3.5 Mexico
- 8.4 Europe
- 8.4.1 Europe Advanced Phase Change Materials (PCM) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.4.2 Europe Advanced Phase Change Materials (PCM) Consumption by Country (2021-2032)
- 8.4.3 Germany
- 8.4.4 France
- 8.4.5 U.K.
- 8.4.6 Italy
- 8.4.7 Netherlands
- 8.5 Asia Pacific
- 8.5.1 Asia Pacific Advanced Phase Change Materials (PCM) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.5.2 Asia Pacific Advanced Phase Change Materials (PCM) Consumption by Country (2021-2032)
- 8.5.3 China
- 8.5.4 Japan
- 8.5.5 South Korea
- 8.5.6 Southeast Asia
- 8.5.7 India
- 8.5.8 Australia
- 8.6 South America
- 8.6.1 South America Advanced Phase Change Materials (PCM) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.6.2 South America Advanced Phase Change Materials (PCM) Consumption by Country (2021-2032)
- 8.6.3 Brazil
- 8.6.4 Argentina
- 8.6.5 Chile
- 8.6.6 Colombia
- 8.7 Middle East & Africa
- 8.7.1 Middle East & Africa Advanced Phase Change Materials (PCM) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 8.7.2 Middle East & Africa Advanced Phase Change Materials (PCM) Consumption by Country (2021-2032)
- 8.7.3 Egypt
- 8.7.4 South Africa
- 8.7.5 Israel
- 8.7.6 Türkiye
- 8.7.7 GCC Countries
9 Value Chain and Sales Channels Analysis
- 9.1 Advanced Phase Change Materials (PCM) Value Chain Analysis
- 9.1.1 Advanced Phase Change Materials (PCM) Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Manufacturing Cost Structure
- 9.1.4 Advanced Phase Change Materials (PCM) Production Mode & Process
- 9.2 Advanced Phase Change Materials (PCM) Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Advanced Phase Change Materials (PCM) Distributors
- 9.2.3 Advanced Phase Change Materials (PCM) Customers
10 Concluding Insights
11 Appendix
- 11.1 Reasons for Doing This Study
- 11.2 Research Methodology
- 11.3 Research Process
- 11.4 Authors List of This Report
- 11.5 Data Source
- 11.5.1 Secondary Sources
- 11.5.2 Primary Sources
- 11.6 Disclaimer
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