Phase Change Material Market Trends & Growth Outlook – Key Drivers, Insights, and Forecast – MMR
Phase Change Material Market Size and Growth Outlook:
The Phase Change Material Market size was valued at USD 2295.08 Million in 2024 and the total Phase Change Material revenue is expected to grow at a CAGR of 15.8% from 2025 to 2032, reaching nearly USD 7421.08 Million.
Phase Change Material Market Overview:
The ” Phase Change Material Market” report provides the latest market insights to assist decision-makers in making informed investment choices. It presents a detailed analysis of the global Phase Change Material market based on product type, application, key manufacturers, and key geographical regions.
Phase Change Material Market Scope:
The report evaluates the growth opportunities, challenges, and market dynamics affecting the Phase Change Material industry. Utilizing Porter’s Five Forces analysis, it assesses various factors influencing market trends, including supplier bargaining power and competitive landscape.
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Phase Change Material Market Segmentation:
by Type
Inorganic
Organic
by Application
HVAC
Cold Chain & Packaging
Thermal Energy Storage
Electronics
Textile
Building & Construction
Refrigeration & Equipment
Others
by Form
Encapsulated
Non-Encapsulated
by Encapsulation
Technology Macro
Micro
Molecular
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Phase Change Material Key Market Players:
The key players operating in the Phase Change Material market include:
1. Cold Chain Technologies, Inc.
2. Croda International Plc.
3. Microtek Laboratories Inc.
4. Sasol Limited
5. PureTemp LLC.
6. Henkel AG & Company KGAA
7. Outlast Technologies LLC.
8. Advansa B.V.
9. AI Technology Inc.
10.Climator Sweden AB
11.Ciat Group
12.Honeywell Electronic Materials, Inc.
13.Phase Change Materials Products Ltd.
14.Rubitherm Technologies GmbH
15.Teappcm
16.BASF SE
17.SGL Group
18.Salca BV
19.Rubitherm Technologies GmbH
20.Pluss Advanced Technologies Pvt. Ltd.
21.RGEES, LLC.
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Phase Change Material Market Regional Analysis:
The global Phase Change Material market has been analyzed across the following regions:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Russia)
- Asia-Pacific (China, Japan, Korea, India, Southeast Asia, Australia)
- Latin America (Brazil, Argentina, Colombia)
- Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)
Impact of COVID-19 on the Phase Change Material Market:
The COVID-19 pandemic has significantly affected the global Phase Change Material market , leading to disruptions such as:
- Flight cancellations and travel restrictions
- Quarantines and business closures
- Event cancellations and supply chain interruptions
- Stock market fluctuations and economic uncertainties
Key Questions Addressed in the Report:
- What are the emerging trends in the Phase Change Material market during the forecast period?
- What will be the market size of Phase Change Material ?
- Which company holds the largest market share in the Phase Change Material industry?
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