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 Research
Phase Change Material (PCM) Industry Research Report 2026
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 quantifies the global Phase Change Material (PCM) market in revenue (US$ million) and, where applicable, sales volume (MT), using 2025 as the base year and providing annual historical and forecast data for 2021–2032.
It standardizes definitions of types and applications, harmonizes vendor attribution, and presents comparable time series by company, type, application, and region/country, including indicative price bands (US$/MT) and concentration ratios (CR5/CR10).
The outputs are intended to support strategy development, budgeting, and performance benchmarking for manufacturers, new entrants, channel partners, and investors; the report also reviews technology shifts and notable product introductions relevant to Phase Change Material (PCM).
Key Companies & Market Share Insights
This section profiles leading manufacturers, combining 2021–2025 results with a 2026–2032 outlook. It reports revenue, market share, price bands, product and application mix, regional and channel mix, and key developments (M&A, capacity additions, certifications). It also provides global revenue, average price, and—where applicable—sales volume by manufacturer, and calculates CR5/CR10 and rank changes to support comparative benchmarking.
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: Research objectives, research methods, data sources, data cross-validation;
Chapter 2: Introduces the report scope of the report, executive summary of different market segments (by region, product type, application, etc), including the market size of each market segment, future development potential, and so on. It offers a high-level view of the current state of the market and its likely evolution in the short to mid-term, and long term.
Chapter 3: Detailed analysis of Phase Change Material (PCM) manufacturers competitive landscape, price, production and value market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: 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 5: Production/output, value of Phase Change Material (PCM) by region/country. It provides a quantitative analysis of the market size and development potential of each region in the next six years.
Chapter 6: Consumption of Phase Change Material (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 7: 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 8: 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 9: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 10: 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 11: The main points and conclusions 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 Preface
- 1.1 Scope of Report
- 1.2 Reasons for Doing This Study
- 1.3 Research Methodology
- 1.4 Research Process
- 1.5 Data Source
- 1.5.1 Secondary Sources
- 1.5.2 Primary Sources
2 Market Overview
- 2.1 Product Definition
- 2.2 Phase Change Material (PCM) by Type
- 2.2.1 Market Value Comparison by Type (2021 VS 2025 VS 2032) & (US$ Million)
- 2.2.2 Organic
- 2.2.3 Inorganic
- 2.2.4 Bio-based
- 2.3 Phase Change Material (PCM) by Application
- 2.3.1 Market Value Comparison by Application (2021 VS 2025 VS 2032) & (US$ Million)
- 2.3.2 Building & Construction
- 2.3.3 Refrigeration & Logistics
- 2.3.4 Textile
- 2.3.5 Electronics
- 2.3.6 Others
- 2.4 Global Market Growth Prospects
- 2.4.1 Global Phase Change Material (PCM) Production Value Estimates and Forecasts (2021-2032)
- 2.4.2 Global Phase Change Material (PCM) Production Capacity Estimates and Forecasts (2021-2032)
- 2.4.3 Global Phase Change Material (PCM) Production Estimates and Forecasts (2021-2032)
- 2.4.4 Global Phase Change Material (PCM) Market Average Price (2021-2032)
3 Market Competitive Landscape by Manufacturers
- 3.1 Global Phase Change Material (PCM) Production by Manufacturers (2021-2026)
- 3.2 Global Phase Change Material (PCM) Production Value by Manufacturers (2021-2026)
- 3.3 Global Phase Change Material (PCM) Average Price by Manufacturers (2021-2026)
- 3.4 Global Phase Change Material (PCM) Industry Manufacturers Ranking, 2024 VS 2025 VS 2026
- 3.5 Global Phase Change Material (PCM) Key Manufacturers, Manufacturing Sites & Headquarters
- 3.6 Global Phase Change Material (PCM) Manufacturers, Product Type & Application
- 3.7 Global Phase Change Material (PCM) Manufacturers Established Date
- 3.8 Global Phase Change Material (PCM) Market CR5 and HHI
- 3.9 Global Manufacturers Mergers & Acquisition
4 Manufacturers Profiled
- 4.1 Henkel AG & Company
- 4.1.1 Henkel AG & Company Phase Change Material (PCM) Company Information
- 4.1.2 Henkel AG & Company Phase Change Material (PCM) Business Overview
- 4.1.3 Henkel AG & Company Phase Change Material (PCM) Production Capacity, Value and Gross Margin (2021-2026)
- 4.1.4 Henkel AG & Company Product Portfolio
- 4.1.5 Henkel AG & Company Recent Developments
- 4.2 Honeywell
- 4.2.1 Honeywell Phase Change Material (PCM) Company Information
- 4.2.2 Honeywell Phase Change Material (PCM) Business Overview
- 4.2.3 Honeywell Phase Change Material (PCM) Production Capacity, Value and Gross Margin (2021-2026)
- 4.2.4 Honeywell Product Portfolio
- 4.2.5 Honeywell Recent Developments
- 4.3 Croda International
- 4.3.1 Croda International Phase Change Material (PCM) Company Information
- 4.3.2 Croda International Phase Change Material (PCM) Business Overview
- 4.3.3 Croda International Phase Change Material (PCM) Production Capacity, Value and Gross Margin (2021-2026)
- 4.3.4 Croda International Product Portfolio
- 4.3.5 Croda International Recent Developments
- 4.4 Sasol Germany GmbH
- 4.4.1 Sasol Germany GmbH Phase Change Material (PCM) Company Information
- 4.4.2 Sasol Germany GmbH Phase Change Material (PCM) Business Overview
- 4.4.3 Sasol Germany GmbH Phase Change Material (PCM) Production Capacity, Value and Gross Margin (2021-2026)
- 4.4.4 Sasol Germany GmbH Product Portfolio
- 4.4.5 Sasol Germany GmbH Recent Developments
- 4.5 Microtek Laboratories Inc
- 4.5.1 Microtek Laboratories Inc Phase Change Material (PCM) Company Information
- 4.5.2 Microtek Laboratories Inc Phase Change Material (PCM) Business Overview
- 4.5.3 Microtek Laboratories Inc Phase Change Material (PCM) Production Capacity, Value and Gross Margin (2021-2026)
- 4.5.4 Microtek Laboratories Inc Product Portfolio
- 4.5.5 Microtek Laboratories Inc Recent Developments
- 4.6 DuPont and Dow
- 4.6.1 DuPont and Dow Phase Change Material (PCM) Company Information
- 4.6.2 DuPont and Dow Phase Change Material (PCM) Business Overview
- 4.6.3 DuPont and Dow Phase Change Material (PCM) Production Capacity, Value and Gross Margin (2021-2026)
- 4.6.4 DuPont and Dow Product Portfolio
- 4.6.5 DuPont and Dow Recent Developments
- 4.7 Parker
- 4.7.1 Parker Phase Change Material (PCM) Company Information
- 4.7.2 Parker Phase Change Material (PCM) Business Overview
- 4.7.3 Parker Phase Change Material (PCM) Production Capacity, Value and Gross Margin (2021-2026)
- 4.7.4 Parker Product Portfolio
- 4.7.5 Parker Recent Developments
- 4.8 Laird PLC
- 4.8.1 Laird PLC Phase Change Material (PCM) Company Information
- 4.8.2 Laird PLC Phase Change Material (PCM) Business Overview
- 4.8.3 Laird PLC Phase Change Material (PCM) Production Capacity, Value and Gross Margin (2021-2026)
- 4.8.4 Laird PLC Product Portfolio
- 4.8.5 Laird PLC Recent Developments
- 4.9 Phase Change Energy Solutions
- 4.9.1 Phase Change Energy Solutions Phase Change Material (PCM) Company Information
- 4.9.2 Phase Change Energy Solutions Phase Change Material (PCM) Business Overview
- 4.9.3 Phase Change Energy Solutions Phase Change Material (PCM) Production Capacity, Value and Gross Margin (2021-2026)
- 4.9.4 Phase Change Energy Solutions Product Portfolio
- 4.9.5 Phase Change Energy Solutions Recent Developments
- 4.10 Cryopak
- 4.10.1 Cryopak Phase Change Material (PCM) Company Information
- 4.10.2 Cryopak Phase Change Material (PCM) Business Overview
- 4.10.3 Cryopak Phase Change Material (PCM) Production Capacity, Value and Gross Margin (2021-2026)
- 4.10.4 Cryopak Product Portfolio
- 4.10.5 Cryopak Recent Developments
- 4.11 SGL Carbon
- 4.11.1 SGL Carbon Phase Change Material (PCM) Company Information
- 4.11.2 SGL Carbon Phase Change Material (PCM) Business Overview
- 4.11.3 SGL Carbon Phase Change Material (PCM) Production Capacity, Value and Gross Margin (2021-2026)
- 4.11.4 SGL Carbon Product Portfolio
- 4.11.5 SGL Carbon Recent Developments
- 4.12 Rubitherm Technologies GmbH
- 4.12.1 Rubitherm Technologies GmbH Phase Change Material (PCM) Company Information
- 4.12.2 Rubitherm Technologies GmbH Phase Change Material (PCM) Business Overview
- 4.12.3 Rubitherm Technologies GmbH Phase Change Material (PCM) Production Capacity, Value and Gross Margin (2021-2026)
- 4.12.4 Rubitherm Technologies GmbH Product Portfolio
- 4.12.5 Rubitherm Technologies GmbH Recent Developments
- 4.13 Cold Chain Technologies, Inc
- 4.13.1 Cold Chain Technologies, Inc Phase Change Material (PCM) Company Information
- 4.13.2 Cold Chain Technologies, Inc Phase Change Material (PCM) Business Overview
- 4.13.3 Cold Chain Technologies, Inc Phase Change Material (PCM) Production Capacity, Value and Gross Margin (2021-2026)
- 4.13.4 Cold Chain Technologies, Inc Product Portfolio
- 4.13.5 Cold Chain Technologies, Inc Recent Developments
- 4.14 PLUSS Advanced Technologies
- 4.14.1 PLUSS Advanced Technologies Phase Change Material (PCM) Company Information
- 4.14.2 PLUSS Advanced Technologies Phase Change Material (PCM) Business Overview
- 4.14.3 PLUSS Advanced Technologies Phase Change Material (PCM) Production Capacity, Value and Gross Margin (2021-2026)
- 4.14.4 PLUSS Advanced Technologies Product Portfolio
- 4.14.5 PLUSS Advanced Technologies Recent Developments
- 4.15 Outlast Technologies
- 4.15.1 Outlast Technologies Phase Change Material (PCM) Company Information
- 4.15.2 Outlast Technologies Phase Change Material (PCM) Business Overview
- 4.15.3 Outlast Technologies Phase Change Material (PCM) Production Capacity, Value and Gross Margin (2021-2026)
- 4.15.4 Outlast Technologies Product Portfolio
- 4.15.5 Outlast Technologies Recent Developments
5 Global Phase Change Material (PCM) Production by Region
- 5.1 Global Phase Change Material (PCM) Production Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.2 Global Phase Change Material (PCM) Production by Region: 2021-2032
- 5.2.1 Global Phase Change Material (PCM) Production by Region: 2021-2026
- 5.2.2 Global Phase Change Material (PCM) Production Forecast by Region (2027-2032)
- 5.3 Global Phase Change Material (PCM) Production Value Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 5.4 Global Phase Change Material (PCM) Production Value by Region: 2021-2032
- 5.4.1 Global Phase Change Material (PCM) Production Value by Region: 2021-2026
- 5.4.2 Global Phase Change Material (PCM) Production Value Forecast by Region (2027-2032)
- 5.5 Global Phase Change Material (PCM) Market Price Analysis by Region (2021-2026)
- 5.6 Global Phase Change Material (PCM) Production and Value, YOY Growth
- 5.6.1 North America Phase Change Material (PCM) Production Value Estimates and Forecasts (2021-2032)
- 5.6.2 Europe Phase Change Material (PCM) Production Value Estimates and Forecasts (2021-2032)
- 5.6.3 China Phase Change Material (PCM) Production Value Estimates and Forecasts (2021-2032)
- 5.6.4 Japan Phase Change Material (PCM) Production Value Estimates and Forecasts (2021-2032)
6 Global Phase Change Material (PCM) Consumption by Region
- 6.1 Global Phase Change Material (PCM) Consumption Estimates and Forecasts by Region: 2021 VS 2025 VS 2032
- 6.2 Global Phase Change Material (PCM) Consumption by Region (2021-2032)
- 6.2.1 Global Phase Change Material (PCM) Consumption by Region: 2021-2026
- 6.2.2 Global Phase Change Material (PCM) Forecasted Consumption by Region (2027-2032)
- 6.3 North America
- 6.3.1 North America Phase Change Material (PCM) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.3.2 North America Phase Change Material (PCM) Consumption by Country (2021-2032)
- 6.3.3 United States
- 6.3.4 Canada
- 6.3.5 Mexico
- 6.4 Europe
- 6.4.1 Europe Phase Change Material (PCM) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.4.2 Europe Phase Change Material (PCM) Consumption by Country (2021-2032)
- 6.4.3 Germany
- 6.4.4 France
- 6.4.5 U.K.
- 6.4.6 Italy
- 6.4.7 Russia
- 6.4.8 Spain
- 6.4.9 Netherlands
- 6.4.10 Switzerland
- 6.4.11 Sweden
- 6.4.12 Poland
- 6.5 Asia Pacific
- 6.5.1 Asia Pacific Phase Change Material (PCM) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.5.2 Asia Pacific Phase Change Material (PCM) Consumption by Country (2021-2032)
- 6.5.3 China
- 6.5.4 Japan
- 6.5.5 South Korea
- 6.5.6 India
- 6.5.7 Australia
- 6.5.8 Taiwan
- 6.5.9 Southeast Asia
- 6.6 South America, Middle East & Africa
- 6.6.1 South America, Middle East & Africa Phase Change Material (PCM) Consumption Growth Rate by Country: 2021 VS 2025 VS 2032
- 6.6.2 South America, Middle East & Africa Phase Change Material (PCM) Consumption by Country (2021-2032)
- 6.6.3 Brazil
- 6.6.4 Argentina
- 6.6.5 Chile
- 6.6.6 Turkey
- 6.6.7 GCC Countries
7 Segment by Type
- 7.1 Global Phase Change Material (PCM) Production by Type (2021-2032)
- 7.1.1 Global Phase Change Material (PCM) Production by Type (2021-2032) & (MT)
- 7.1.2 Global Phase Change Material (PCM) Production Market Share by Type (2021-2032)
- 7.2 Global Phase Change Material (PCM) Production Value by Type (2021-2032)
- 7.2.1 Global Phase Change Material (PCM) Production Value by Type (2021-2032) & (US$ Million)
- 7.2.2 Global Phase Change Material (PCM) Production Value Market Share by Type (2021-2032)
- 7.3 Global Phase Change Material (PCM) Price by Type (2021-2032)
8 Segment by Application
- 8.1 Global Phase Change Material (PCM) Production by Application (2021-2032)
- 8.1.1 Global Phase Change Material (PCM) Production by Application (2021-2032) & (MT)
- 8.1.2 Global Phase Change Material (PCM) Production Market Share by Application (2021-2032)
- 8.2 Global Phase Change Material (PCM) Production Value by Application (2021-2032)
- 8.2.1 Global Phase Change Material (PCM) Production Value by Application (2021-2032) & (US$ Million)
- 8.2.2 Global Phase Change Material (PCM) Production Value Market Share by Application (2021-2032)
- 8.3 Global Phase Change Material (PCM) Price by Application (2021-2032)
9 Value Chain and Sales Channels Analysis of the Market
- 9.1 Phase Change Material (PCM) Value Chain Analysis
- 9.1.1 Phase Change Material (PCM) Key Raw Materials
- 9.1.2 Raw Materials Key Suppliers
- 9.1.3 Phase Change Material (PCM) Production Mode & Process
- 9.2 Phase Change Material (PCM) Sales Channels Analysis
- 9.2.1 Direct Comparison with Distribution Share
- 9.2.2 Phase Change Material (PCM) Distributors
- 9.2.3 Phase Change Material (PCM) Customers
10 Global Phase Change Material (PCM) Analyzing Market Dynamics
- 10.1 Phase Change Material (PCM) Industry Trends
- 10.2 Phase Change Material (PCM) Industry Drivers
- 10.3 Phase Change Material (PCM) Industry Opportunities and Challenges
- 10.4 Phase Change Material (PCM) Industry Restraints
11 Report Conclusion
12 Disclaimer
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