APO RESEARCH · REPORT
Phase Change Material (PCM)
A phase change material (PCM) is a substance with a high heat of fusion which, melting and solidifying at a certain temperature, is capable of storing and releasing large amounts of energy. Heat is absorbed or released when the material changes from solid to liquid and vice versa; thus, PCMs are classified as latent heat storage (LHS) units.
Product & engineering
Understand the product.
A phase change material (PCM) is a substance with a high heat of fusion which, melting and solidifying at a certain temperature, is capable of storing and releasing large amounts of energy. Heat is absorbed or released when the material changes from solid to liquid and vice versa; thus, PCMs are classified as latent heat storage (LHS) units.
Selected research
Industry Growth & Trends
Global Phase Change Material (PCM) Industry Growth and Trends Forecast to 2032
Market perspective
A phase change material (PCM) is a substance with a high heat of fusion which, melting and solidifying at a certain temperature, is capable of storing and releasing large amounts of energy. Heat is absorbed or released when the material changes from solid to liquid and vice versa; thus, PCMs are classified as latent heat storage (LHS) units.
Key players operating in the Phase Change Material market are Henkel AG & Company, Honeywell, Croda International, Sasol Germany GmbH, Microtek Laboratories Inc, etc. Top 5 companies accouted for a combined market share about 42% of the world total. Henkel AG & Company, with a share of 17%, was the largest manufacturer among those companies. Europe is now the world's biggest producer and largest exporter of Phase Change Material, with approximately 31% of the global share.
Report Scope
Read the full market overview
This report provides a structured, data-driven view of the global Phase Change Material (PCM) market, combining harmonized quantitative metrics with targeted qualitative insight to support business and growth strategy, market positioning, and capital allocation.
The Phase Change Material (PCM) market size, estimates, and forecasts are presented in terms of sales volume (MT) and revenue (US$ million), with 2025 as the base year and historical and forecast data for 2021-2032. The report segments the global Phase Change Material (PCM) market by Type, Application, region/country, and company, provides regional market sizes at the segment level, profiles the competitive landscape and key players and their market ranks, and reviews technology trends and new product developments relevant to Phase Change Material (PCM).
Key Companies & Market Share Insights
This section analyzes the strategies and performance of leading manufacturers in the global Phase Change Material (PCM) market, including portfolio focus, innovation and product development, mergers and acquisitions, collaborations, and geographic expansion used to sustain or enhance competitive positions. It also summarizes recent corporate developments and key financial indicators and provides global revenue, price, and sales volume data by manufacturer for 2020-2025, enabling benchmarking of scale, pricing, and market share and supporting assessment of market concentration through indicators such as CR5 and CR10.
Phase Change Material (PCM) Market by Company
Henkel AG & Company
Honeywell
Croda International
Sasol Germany GmbH
Microtek Laboratories Inc
DuPont and Dow
Parker
Laird PLC
Phase Change Energy Solutions
Cryopak
SGL Carbon
Rubitherm Technologies GmbH
Cold Chain Technologies, Inc
PLUSS Advanced Technologies
Outlast Technologies
Phase Change Material (PCM) Segment by Type
Organic
Inorganic
Bio-based
Phase Change Material (PCM) Segment by Application
Building & Construction
Refrigeration & Logistics
Textile
Electronics
Others
Phase Change Material (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
Middle East & Africa
Egypt
South Africa
Israel
Türkiye
GCC Countries
Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on the upcoming business prospects.
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 Phase Change Material (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 Phase Change Material (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 Phase Change Material (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: Introduces the study scope of this report, executive summary of market segments by type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 2: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 3: Detailed analysis of Phase Change Material (PCM) manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter 4: Sales, revenue of Phase Change Material (PCM) in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter 5: Introduces market segments by application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter 6: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 7, 8, 9, 10 and 11: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter 12: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics.
Chapter 13: Concluding Insights of the report.
More report detail
Tables and figures
Scope & coverage.
Types
- Organic
- Inorganic
- Bio-based
Applications
- Building & Construction
- Refrigeration & Logistics
- Textile
- Electronics
- Others
Companies covered
- Henkel AG & Company
- Honeywell
- Croda International
- Sasol Germany GmbH
- Microtek Laboratories Inc
- DuPont and Dow
- Parker
- Laird PLC
- Phase Change Energy Solutions
- Cryopak
- SGL Carbon
- Rubitherm Technologies GmbH
- Cold Chain Technologies, Inc
- PLUSS Advanced Technologies
- Outlast Technologies
Inside the report.
1 Market Overview
- 1.1 Product Definition
- 1.2 Global Market Growth Prospects
- 1.2.1 Global Phase Change Material (PCM) Market Size Estimates and Forecasts (2021-2032)
- 1.2.2 Global Phase Change Material (PCM) Sales Estimates and Forecasts (2021-2032)
- 1.3 Phase Change Material (PCM) Market by Type
- 1.3.1 Organic
- 1.3.2 Inorganic
- 1.3.3 Bio-based
- 1.4 Global Phase Change Material (PCM) Market Size by Type
- 1.4.1 Global Phase Change Material (PCM) Market Size Overview by Type (2021-2032)
- 1.4.2 Global Phase Change Material (PCM) Historic Market Size Review by Type (2021-2026)
- 1.4.3 Global Phase Change Material (PCM) Forecasted Market Size by Type (2027-2032)
- 1.5 Key Regions Market Size by Type
- 1.5.1 North America Phase Change Material (PCM) Sales Breakdown by Type (2021-2026)
- 1.5.2 Europe Phase Change Material (PCM) Sales Breakdown by Type (2021-2026)
- 1.5.3 Asia-Pacific Phase Change Material (PCM) Sales Breakdown by Type (2021-2026)
- 1.5.4 South America Phase Change Material (PCM) Sales Breakdown by Type (2021-2026)
- 1.5.5 Middle East and Africa Phase Change Material (PCM) Sales Breakdown by Type (2021-2026)
2 Global Market Dynamics
- 2.1 Phase Change Material (PCM) Industry Trends
- 2.2 Phase Change Material (PCM) Industry Drivers
- 2.3 Phase Change Material (PCM) Industry Opportunities and Challenges
- 2.4 Phase Change Material (PCM) Industry Restraints
3 Market Competitive Landscape by Company
- 3.1 Global Top Players by Phase Change Material (PCM) Revenue (2021-2026)
- 3.2 Global Top Players by Phase Change Material (PCM) Sales (2021-2026)
- 3.3 Global Top Players by Phase Change Material (PCM) Price (2021-2026)
- 3.4 Global Phase Change Material (PCM) Industry Company Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Phase Change Material (PCM) Major Company Production Sites & Headquarters
- 3.6 Global Phase Change Material (PCM) Company, Product Type & Application
- 3.7 Global Phase Change Material (PCM) Company Establishment Date
- 3.8 Market Competitive Analysis
- 3.8.1 Global Phase Change Material (PCM) Market CR5 and HHI
- 3.8.2 Global Top 5 and 10 Phase Change Material (PCM) Players Market Share by Revenue in 2025
- 3.8.3 2025 Phase Change Material (PCM) Tier 1, Tier 2, and Tier 3
4 Phase Change Material (PCM) Regional Status and Outlook
- 4.1 Global Phase Change Material (PCM) Market Size and CAGR by Region: 2021 VS 2025 VS 2032
- 4.2 Global Phase Change Material (PCM) Historic Market Size by Region
- 4.2.1 Global Phase Change Material (PCM) Sales in Volume by Region (2021-2026)
- 4.2.2 Global Phase Change Material (PCM) Sales in Value by Region (2021-2026)
- 4.2.3 Global Phase Change Material (PCM) Sales (Volume & Value), Price and Gross Margin (2021-2026)
- 4.3 Global Phase Change Material (PCM) Forecasted Market Size by Region
- 4.3.1 Global Phase Change Material (PCM) Sales in Volume by Region (2027-2032)
- 4.3.2 Global Phase Change Material (PCM) Sales in Value by Region (2027-2032)
- 4.3.3 Global Phase Change Material (PCM) Sales (Volume & Value), Price and Gross Margin (2027-2032)
5 Phase Change Material (PCM) by Application
- 5.1 Phase Change Material (PCM) Market by Application
- 5.1.1 Building & Construction
- 5.1.2 Refrigeration & Logistics
- 5.1.3 Textile
- 5.1.4 Electronics
- 5.1.5 Others
- 5.2 Global Phase Change Material (PCM) Market Size by Application
- 5.2.1 Global Phase Change Material (PCM) Market Size Overview by Application (2021-2032)
- 5.2.2 Global Phase Change Material (PCM) Historic Market Size Review by Application (2021-2026)
- 5.2.3 Global Phase Change Material (PCM) Forecasted Market Size by Application (2027-2032)
- 5.3 Key Regions Market Size by Application
- 5.3.1 North America Phase Change Material (PCM) Sales Breakdown by Application (2021-2026)
- 5.3.2 Europe Phase Change Material (PCM) Sales Breakdown by Application (2021-2026)
- 5.3.3 Asia-Pacific Phase Change Material (PCM) Sales Breakdown by Application (2021-2026)
- 5.3.4 South America Phase Change Material (PCM) Sales Breakdown by Application (2021-2026)
- 5.3.5 Middle East and Africa Phase Change Material (PCM) Sales Breakdown by Application (2021-2026)
6 Company Profiles
- 6.1 Henkel AG & Company
- 6.1.1 Henkel AG & Company Company Information
- 6.1.2 Henkel AG & Company Business Overview
- 6.1.3 Henkel AG & Company Phase Change Material (PCM) Sales, Revenue and Gross Margin (2021-2026)
- 6.1.4 Henkel AG & Company Phase Change Material (PCM) Product Portfolio
- 6.1.5 Henkel AG & Company Recent Developments
- 6.2 Honeywell
- 6.2.1 Honeywell Company Information
- 6.2.2 Honeywell Business Overview
- 6.2.3 Honeywell Phase Change Material (PCM) Sales, Revenue and Gross Margin (2021-2026)
- 6.2.4 Honeywell Phase Change Material (PCM) Product Portfolio
- 6.2.5 Honeywell Recent Developments
- 6.3 Croda International
- 6.3.1 Croda International Company Information
- 6.3.2 Croda International Business Overview
- 6.3.3 Croda International Phase Change Material (PCM) Sales, Revenue and Gross Margin (2021-2026)
- 6.3.4 Croda International Phase Change Material (PCM) Product Portfolio
- 6.3.5 Croda International Recent Developments
- 6.4 Sasol Germany GmbH
- 6.4.1 Sasol Germany GmbH Company Information
- 6.4.2 Sasol Germany GmbH Business Overview
- 6.4.3 Sasol Germany GmbH Phase Change Material (PCM) Sales, Revenue and Gross Margin (2021-2026)
- 6.4.4 Sasol Germany GmbH Phase Change Material (PCM) Product Portfolio
- 6.4.5 Sasol Germany GmbH Recent Developments
- 6.5 Microtek Laboratories Inc
- 6.5.1 Microtek Laboratories Inc Company Information
- 6.5.2 Microtek Laboratories Inc Business Overview
- 6.5.3 Microtek Laboratories Inc Phase Change Material (PCM) Sales, Revenue and Gross Margin (2021-2026)
- 6.5.4 Microtek Laboratories Inc Phase Change Material (PCM) Product Portfolio
- 6.5.5 Microtek Laboratories Inc Recent Developments
- 6.6 DuPont and Dow
- 6.6.1 DuPont and Dow Company Information
- 6.6.2 DuPont and Dow Business Overview
- 6.6.3 DuPont and Dow Phase Change Material (PCM) Sales, Revenue and Gross Margin (2021-2026)
- 6.6.4 DuPont and Dow Phase Change Material (PCM) Product Portfolio
- 6.6.5 DuPont and Dow Recent Developments
- 6.7 Parker
- 6.7.1 Parker Company Information
- 6.7.2 Parker Business Overview
- 6.7.3 Parker Phase Change Material (PCM) Sales, Revenue and Gross Margin (2021-2026)
- 6.7.4 Parker Phase Change Material (PCM) Product Portfolio
- 6.7.5 Parker Recent Developments
- 6.8 Laird PLC
- 6.8.1 Laird PLC Company Information
- 6.8.2 Laird PLC Business Overview
- 6.8.3 Laird PLC Phase Change Material (PCM) Sales, Revenue and Gross Margin (2021-2026)
- 6.8.4 Laird PLC Phase Change Material (PCM) Product Portfolio
- 6.8.5 Laird PLC Recent Developments
- 6.9 Phase Change Energy Solutions
- 6.9.1 Phase Change Energy Solutions Company Information
- 6.9.2 Phase Change Energy Solutions Business Overview
- 6.9.3 Phase Change Energy Solutions Phase Change Material (PCM) Sales, Revenue and Gross Margin (2021-2026)
- 6.9.4 Phase Change Energy Solutions Phase Change Material (PCM) Product Portfolio
- 6.9.5 Phase Change Energy Solutions Recent Developments
- 6.10 Cryopak
- 6.10.1 Cryopak Company Information
- 6.10.2 Cryopak Business Overview
- 6.10.3 Cryopak Phase Change Material (PCM) Sales, Revenue and Gross Margin (2021-2026)
- 6.10.4 Cryopak Phase Change Material (PCM) Product Portfolio
- 6.10.5 Cryopak Recent Developments
- 6.11 SGL Carbon
- 6.11.1 SGL Carbon Company Information
- 6.11.2 SGL Carbon Business Overview
- 6.11.3 SGL Carbon Phase Change Material (PCM) Sales, Revenue and Gross Margin (2021-2026)
- 6.11.4 SGL Carbon Phase Change Material (PCM) Product Portfolio
- 6.11.5 SGL Carbon Recent Developments
- 6.12 Rubitherm Technologies GmbH
- 6.12.1 Rubitherm Technologies GmbH Company Information
- 6.12.2 Rubitherm Technologies GmbH Business Overview
- 6.12.3 Rubitherm Technologies GmbH Phase Change Material (PCM) Sales, Revenue and Gross Margin (2021-2026)
- 6.12.4 Rubitherm Technologies GmbH Phase Change Material (PCM) Product Portfolio
- 6.12.5 Rubitherm Technologies GmbH Recent Developments
- 6.13 Cold Chain Technologies, Inc
- 6.13.1 Cold Chain Technologies, Inc Company Information
- 6.13.2 Cold Chain Technologies, Inc Business Overview
- 6.13.3 Cold Chain Technologies, Inc Phase Change Material (PCM) Sales, Revenue and Gross Margin (2021-2026)
- 6.13.4 Cold Chain Technologies, Inc Phase Change Material (PCM) Product Portfolio
- 6.13.5 Cold Chain Technologies, Inc Recent Developments
- 6.14 PLUSS Advanced Technologies
- 6.14.1 PLUSS Advanced Technologies Company Information
- 6.14.2 PLUSS Advanced Technologies Business Overview
- 6.14.3 PLUSS Advanced Technologies Phase Change Material (PCM) Sales, Revenue and Gross Margin (2021-2026)
- 6.14.4 PLUSS Advanced Technologies Phase Change Material (PCM) Product Portfolio
- 6.14.5 PLUSS Advanced Technologies Recent Developments
- 6.15 Outlast Technologies
- 6.15.1 Outlast Technologies Company Information
- 6.15.2 Outlast Technologies Business Overview
- 6.15.3 Outlast Technologies Phase Change Material (PCM) Sales, Revenue and Gross Margin (2021-2026)
- 6.15.4 Outlast Technologies Phase Change Material (PCM) Product Portfolio
- 6.15.5 Outlast Technologies Recent Developments
7 North America by Country
- 7.1 North America Phase Change Material (PCM) Sales by Country
- 7.1.1 North America Phase Change Material (PCM) Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.1.2 North America Phase Change Material (PCM) Sales by Country (2021-2026)
- 7.1.3 North America Phase Change Material (PCM) Sales Forecast by Country (2027-2032)
- 7.2 North America Phase Change Material (PCM) Market Size by Country
- 7.2.1 North America Phase Change Material (PCM) Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 7.2.2 North America Phase Change Material (PCM) Market Size by Country (2021-2026)
- 7.2.3 North America Phase Change Material (PCM) Market Size Forecast by Country (2027-2032)
8 Europe by Country
- 8.1 Europe Phase Change Material (PCM) Sales by Country
- 8.1.1 Europe Phase Change Material (PCM) Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.1.2 Europe Phase Change Material (PCM) Sales by Country (2021-2026)
- 8.1.3 Europe Phase Change Material (PCM) Sales Forecast by Country (2027-2032)
- 8.2 Europe Phase Change Material (PCM) Market Size by Country
- 8.2.1 Europe Phase Change Material (PCM) Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 8.2.2 Europe Phase Change Material (PCM) Market Size by Country (2021-2026)
- 8.2.3 Europe Phase Change Material (PCM) Market Size Forecast by Country (2027-2032)
9 Asia-Pacific by Country
- 9.1 Asia-Pacific Phase Change Material (PCM) Sales by Country
- 9.1.1 Asia-Pacific Phase Change Material (PCM) Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.1.2 Asia-Pacific Phase Change Material (PCM) Sales by Country (2021-2026)
- 9.1.3 Asia-Pacific Phase Change Material (PCM) Sales Forecast by Country (2027-2032)
- 9.2 Asia-Pacific Phase Change Material (PCM) Market Size by Country
- 9.2.1 Asia-Pacific Phase Change Material (PCM) Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 9.2.2 Asia-Pacific Phase Change Material (PCM) Market Size by Country (2021-2026)
- 9.2.3 Asia-Pacific Phase Change Material (PCM) Market Size Forecast by Country (2027-2032)
10 South America by Country
- 10.1 South America Phase Change Material (PCM) Sales by Country
- 10.1.1 South America Phase Change Material (PCM) Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.1.2 South America Phase Change Material (PCM) Sales by Country (2021-2026)
- 10.1.3 South America Phase Change Material (PCM) Sales Forecast by Country (2027-2032)
- 10.2 South America Phase Change Material (PCM) Market Size by Country
- 10.2.1 South America Phase Change Material (PCM) Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 10.2.2 South America Phase Change Material (PCM) Market Size by Country (2021-2026)
- 10.2.3 South America Phase Change Material (PCM) Market Size Forecast by Country (2027-2032)
11 Middle East and Africa by Country
- 11.1 Middle East and Africa Phase Change Material (PCM) Sales by Country
- 11.1.1 Middle East and Africa Phase Change Material (PCM) Sales Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.1.2 Middle East and Africa Phase Change Material (PCM) Sales by Country (2021-2026)
- 11.1.3 Middle East and Africa Phase Change Material (PCM) Sales Forecast by Country (2027-2032)
- 11.2 Middle East and Africa Phase Change Material (PCM) Market Size by Country
- 11.2.1 Middle East and Africa Phase Change Material (PCM) Market Size Growth Rate (CAGR) by Country: 2021 VS 2025 VS 2032
- 11.2.2 Middle East and Africa Phase Change Material (PCM) Market Size by Country (2021-2026)
- 11.2.3 Middle East and Africa Phase Change Material (PCM) Market Size Forecast by Country (2027-2032)
12 Value Chain and Sales Channels Analysis
- 12.1 Phase Change Material (PCM) Value Chain Analysis
- 12.1.1 Phase Change Material (PCM) Key Raw Materials
- 12.1.2 Key Raw Materials Price
- 12.1.3 Raw Materials Key Suppliers
- 12.1.4 Manufacturing Cost Structure
- 12.1.5 Phase Change Material (PCM) Production Mode & Process
- 12.2 Phase Change Material (PCM) Sales Channels Analysis
- 12.2.1 Direct Comparison with Distribution Share
- 12.2.2 Phase Change Material (PCM) Distributors
- 12.2.3 Phase Change Material (PCM) Customers
13 Concluding Insights
14 Appendix
- 14.1 Reasons for Doing This Study
- 14.2 Research Methodology
- 14.3 Research Process
- 14.4 Authors List of This Report
- 14.5 Data Source
- 14.5.1 Secondary Sources
- 14.5.2 Primary Sources
- 14.6 Disclaimer
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