China Phase Change Materials Market (2025-2030)
The China Phase Change Materials Market was valued at $17993 Million in 2025 and projected to reach to $37052 Million by 2030, representing a compound annual growth rate of 15.54%. China's Phase Change Materials market is positioned for sustained growth through 2030, driven by the nation's commitment to carbon neutrality and energy efficiency standards.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
China Phase Change Materials Market Trends and Insights
- This accelerated growth in China reflects the nation's increasing demand for thermal energy storage solutions across building construction, electronics cooling, and industrial applications.
- China's manufacturing dominance and investment in renewable energy infrastructure are driving PCM adoption as industries seek efficient temperature regulation technologies. The forecast period through 2030 positions China as a critical growth engine within the Asia Pacific region's PCM market.
- China's expanding construction sector, coupled with government initiatives promoting energy efficiency and sustainable materials, creates favorable conditions for phase change material deployment in HVAC systems and thermal management applications.
- Rising consumer electronics production and electric vehicle manufacturing in China further amplify demand for advanced cooling solutions that PCMs provide..
Key Market Statistics
- CAGR (2025-2030) 15.54% CAGR
- Market Size, 2025 ~USD 17993 Million
- Forecast, 2030 ~USD 37052 Million
- Country China
China Phase Change Materials Market Overview
Market Valuation Growth :
China's PCM market is valued at USD 17,993 million in 2025 and is projected to reach USD 37,052 million by 2030, demonstrating a robust 15.54% CAGR driven by rapid industrialization and urbanization.
Building & Construction Dominance :
China's construction sector is a primary driver of PCM adoption, with thermal energy storage solutions increasingly integrated into smart buildings, HVAC systems, and energy-efficient infrastructure projects across major urban centers.
Electronics Cooling Applications :
The booming electronics manufacturing industry in China is fueling demand for PCM-based thermal management solutions in consumer electronics, data centers, and semiconductor cooling applications.
Industrial & Manufacturing Expansion :
China's industrial sector is leveraging PCM technology for waste heat recovery, process optimization, and energy conservation initiatives, supported by government sustainability mandates and green manufacturing policies.
China Phase Change Materials Market Dynamics
- Government initiatives promoting green building certifications and renewable energy integration are accelerating PCM adoption across residential, commercial, and industrial sectors.
- The rapid expansion of data center infrastructure and electronics manufacturing further amplifies demand for advanced thermal management solutions.
- Regional manufacturing capabilities and competitive pricing strengthen China's position as both a major consumer and producer of PCM technologies, supporting the projected 15.54% CAGR..
Related Ecosystem
Foam And Insulation
- Fiberglass
- Acoustic Insulation
- Elastomeric Foam
- HVAC System
- Flexible Foam
- Basf se
- Saint-gobain
- ARMACELL INTERNATIONAL
- THE WOODBRIDGE GROUP
- Sekisui Chemical Co., Ltd.
Renewable Energy Material
- HVAC System
- Actuators
- Aramid Fiber
- Electrical Insulation
- Electrochemical BioSensor
- Basf se
- Evonik industries ag
- Borealis ag
- Wacker chemie ag
- Henkel ag and co. kgaa
Resins And Polymers
- Polycarbonate
- Acrylonitrile Butadiene Styrene (ABS)
- Epoxy Resin
- Light Commercial Vehicles (LCVs)
- Polypropylene (PP)
- Basf se
- DOW CHEMICAL COMPANY
- Solvay sa
- Saudi arabia basic industries corporation (sabic)
- DuPont de Nemours, Inc.
Key Takeaways
- China's PCM market will nearly double from USD 17,993M (2025) to USD 37,052M (2030) at a 15.54% CAGR.
- China's construction and electronics sectors are primary drivers of phase change material adoption and thermal management innovation.
- Government energy efficiency mandates and renewable energy investments in China accelerate PCM market penetration.
- China's manufacturing scale and EV production position the nation as the Asia Pacific region's dominant PCM growth market.
Phase Change Materials Market Report Scope
| Report Metric | Details |
|---|---|
| Base Year | 2025 |
| Fastest Growing Segment | COLD CHAIN & PACKAGING (Application) |
| Forecast Period | 2025–2030 |
| Growth Rate | CAGR of 17.58% from 2025 to 2030 |
| Largest Segment | ORGANIC PCM (Type) |
| Market Size Base Year (Billions) | ~USD 0.73 (2025) |
| Revenue Forecast (Billions) | ~USD 1.64 (2030) |
| Segments Covered | Type, Application |
China Phase Change Materials Market Report Segmentation
2 segment dimensions are covered across the global market.
By Type
- Eutectic Pcm
- Inorganic Pcm
- Organic Pcm
By Application
- Building & Construction
- Cold Chain & Packaging
- Electronics
- Hvac
- Other Applications
- Refrigeration & Equipment
- Textiles
- Thermal Energy Storage
Target Audience
- PCM Manufacturers & Suppliers : Manufacturers need China-specific market data to assess production capacity requirements, identify high-growth application segments, and develop localized product strategies for the world's largest thermal materials market.
- Construction & Real Estate Developers : Developers require insights into PCM adoption trends in Chinese building codes, energy efficiency standards, and smart building technologies to integrate thermal management solutions into new projects.
- Electronics & Semiconductor Companies : Electronics manufacturers need detailed analysis of PCM cooling solutions demand in China's data center and semiconductor sectors to optimize thermal management strategies and supply chain planning.
- Energy & Industrial Operators : Industrial companies seek market intelligence on PCM applications for waste heat recovery, process optimization, and energy conservation to align with China's carbon neutrality and efficiency targets.
- Investment & Private Equity Firms : Investors require comprehensive market valuations, growth forecasts, and sector analysis to identify high-potential investment opportunities in China's expanding thermal materials and energy storage ecosystem.
Key Companies in the China Phase Change Materials Market
| Company | HQ | Ownership | Strongest segments |
|---|---|---|---|
| BASF SE | Germany | Public Company | Chemicals (petrochemicals and intermediates),Materials (isocyanates, polyamides, plastics specialties),Industrial Solutions (dispersions, resins, additives, catalysts), |
| ROYAL DUTCH SHELL PLC | United Kingdom | Public Company | Integrated Gas (including LNG and GTL),Upstream (oil, gas, NGLs),Marketing (mobility, lubricants, commercial fuels, EV charging), |
| SHELL PLC | United Kingdom | Public Company | Integrated Gas (incl. LNG and GTL),Upstream (oil, gas, NGLs),Marketing (mobility, lubricants, commercial fuels), |
| HONEYWELL INTERNATIONAL INC. | United States | Public Company | Industrial Automation,Building Automation,Energy and Sustainability Solutions (UOP and related), |
| DUPONT DE NEMOURS, INC. | United States | Public Company | Healthcare & Water Technologies,Construction Materials (TYVEK, STYROFOAM, CORIAN),Engineered Components & Specialty Materials, |
| CRODA INTERNATIONAL PLC. | United Kingdom | Public Company | Consumer Care (beauty care, actives, home care, fragrances & flavours),Life Sciences (biologics delivery, crop protection, seed coating & enhancement),Industrial Specialties (phase change materials, surfactants, textile & spin finishes), |
| BOYD CORPORATION | Canada | Public Company | Collision repair centers,Retail auto glass services,Claims administration and roadside/ancillary services, |
| SASOL LIMITED | South Africa | Public Company | Transport fuels (petrol, diesel, jet, burner fuels, illuminating paraffin),Natural gas, methane-rich gas, LPG, and industrial heating fuels,Base and performance chemicals for industrial, mining, paper, water, textile, and leather, |
BASF SE
BASF SE is a German public company founded in 1865 with 106,428 employees. It is one of the world's largest chemical manufacturers.
ROYAL DUTCH SHELL PLC
Royal Dutch Shell PLC is a United Kingdom-based public company founded in 1897 with 84,000 employees. It operates as a major international oil and gas company.
SHELL PLC
Shell PLC is a United Kingdom-based public company founded in 1897 with 84,000 employees. It operates as a major international oil and gas company.
HONEYWELL INTERNATIONAL INC.
Honeywell International Inc. is a United States-based public company founded in 1885 with 101,000 employees. It is a diversified technology and manufacturing conglomerate.
DUPONT DE NEMOURS, INC.
DuPont de Nemours, Inc. is a United States-based public company founded in 2015 with 15,000 employees. It operates as a specialty chemicals and materials manufacturer.
CRODA INTERNATIONAL PLC.
Croda International PLC is a United Kingdom-based public company founded in 1925 with 5,954 employees. It specializes in specialty chemicals and ingredients.
BOYD CORPORATION
Boyd Corporation is a Canada-based public company founded in 1990 with 13,424 employees.
SASOL LIMITED
Sasol Limited is a South Africa-based public company founded in 1950 with 27,107 employees. It operates in energy and chemicals production.
Reasons to Buy this Report
- Market Entry Strategy : Gain detailed insights into China's PCM market dynamics, competitive landscape, and regional demand patterns to develop targeted market entry and expansion strategies for manufacturers and suppliers.
- Investment Decision Support : Access comprehensive valuation data, growth projections, and sector-specific opportunities to inform investment decisions in China's high-growth thermal materials and energy storage sectors.
- Competitive Intelligence : Understand China-specific market trends, key players, application segments, and technological innovations to benchmark competitive positioning and identify differentiation opportunities.
- Regulatory & Policy Insights : Stay informed on China's green building standards, energy efficiency mandates, and sustainability policies driving PCM adoption across construction, industrial, and electronics sectors.
- Demand Forecasting : Leverage accurate 5-year market forecasts and segment-level projections to optimize supply chain planning, production capacity, and resource allocation for China operations.
Frequently asked questions
What is the current size of China's Phase Change Materials market?
China's Phase Change Materials market is valued at USD 17,993 million in 2025 and is expected to grow to USD 37,052 million by 2030.
What is the projected growth rate for China's PCM market?
China's Phase Change Materials market is projected to grow at a compound annual growth rate (CAGR) of 15.54% from 2025 to 2030.
Which industries in China are driving PCM market growth?
China's construction, electronics cooling, electric vehicle manufacturing, and renewable energy sectors are the primary drivers of phase change material demand.
Why is China's PCM market growing faster than the global average?
China's 15.54% CAGR exceeds the global 17.58% rate due to the nation's manufacturing scale, government energy efficiency policies, and rapid expansion in thermal management applications.
What role do government policies play in China's PCM market expansion?
China's energy efficiency mandates, sustainable building standards, and renewable energy investments create regulatory tailwinds that accelerate phase change material adoption across multiple sectors.
RESEARCH METHODOLOGY
The study involved four major activities in estimating the size of the phase change materials market. Exhaustive secondary research was done to collect information on the market, the peer market, and the parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to complete the overall market size estimation process. After that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and subsegments.
Secondary Research
Secondary sources used in this study included annual reports, press releases, and investor presentations of companies; white papers; certified publications; articles from recognized authors; and gold-standard and silver-standard websites, such as Factiva, ICIS, Bloomberg, and others. The findings of this study were verified through primary research, which involved conducting extensive interviews with key officials, including CEOs, VPs, directors, and other executives. The breakdown of profiles of the primary interviewees is illustrated in the figure below:
Primary Research
The phase change materials market comprises several stakeholders, such as raw material suppliers, end-product manufacturers, and regulatory organizations in the supply chain. Primary research from the demand side includes key opinion leaders in various end-use industries of phase change materials. Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.
Notes: Tier 1, Tier 2, and Tier 3 companies are classified based on their market revenue in 2023/2024 available
in the public domain, product portfolios, and geographical presence.
Other designations include consultants and sales, marketing, and procurement managers.
To know about the assumptions considered for the study, download the pdf brochure
|
COMPANY NAME |
DESIGNATION |
|
Honeywell International Inc. |
Senior Manager |
|
Croda International Plc |
Innovation Manager |
|
Microtek Laboratories Inc. |
Vice President |
|
Sasol Limited |
Production Supervisor |
|
PureTemp LLC |
Sales Manager |
Market Size Estimation
Both the top-down and bottom-up approaches were used to estimate and validate the total size of the phase change materials market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:
- The key players in the industry have been identified through extensive secondary research.
- The supply chain of the industry has been determined through primary and secondary research.
- All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
- All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
Phase Change Materials Market : Top-Down and Bottom-Up Approach
Data Triangulation
After determining the overall market size using the market size estimation processes explained above, the market was divided into several segments and subsegments. To complete the overall market engineering process and determine the exact statistics for each market segment and subsegment, data triangulation and market breakdown procedures were employed, as applicable. The data was triangulated by studying various factors and trends from both the demand and supply sides in the phase change materials industry.
Market Definition
According to the Phase Change Material Industry Association (PCMIA), “Phase change materials are compounds that absorb, store, and release a large amount of heat at a relatively constant temperature by changing their physical state. When a phase change material freezes, it releases a large amount of energy as latent heat, whereas when such material melts, it absorbs a large amount of heat from the environment.” Heat stored in the materials is called latent heat, due to which, phase change materials are also known as latent heat storage materials. Phase change materials absorb and release heat by liquefying and solidifying at set temperatures. The natural latent heat property of phase change materials helps maintain a structure’s temperature and prevent sudden external changes. Fluctuations in ambient temperature recharge advanced phase change materials, making them suitable for everyday applications.
Stakeholders
- Phase change material manufacturers
- Phase change material distributors
- Raw material suppliers
- Government and research organizations
- Investment banks and private equity firms
Report Objectives
- To analyze and forecast the size of the global phase change materials market in terms of value and volume
- To provide detailed information about the important drivers, restraints, challenges, and opportunities influencing the market growth
- To define, describe, and segment the market based on type, application, and region
- To forecast the size of the market segments based on regions such as Asia Pacific, North America, Europe, and the Rest of the World
- To strategically analyze the segmented markets with respect to individual growth trends, prospects, and contributions to the overall market
- To identify and analyze opportunities for stakeholders in the market
- To analyze competitive developments such as expansions, partnerships & collaborations, mergers & acquisitions, agreements, and product launches in the market
- To strategically profile the key companies and comprehensively analyze their core competencies
Available Customizations
Along with the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Regional Analysis
- Further breakdown of a region with respect to a particular country or additional application
Company Information
- Detailed analysis and profiles of additional market players (up to five)
Get the Full Phase Change Materials Market Report
Full forecast, segment splits, and company analysis for all Phase Change Materials Market.
- India Phase Change Materials Market
- Australia Phase Change Materials Market
- Singapore Phase Change Materials Market
- Germany Phase Change Materials Market
- France Phase Change Materials Market
- UK Phase Change Materials Market
- Netherlands Phase Change Materials Market
- US Phase Change Materials Market
- Rest Of North America Phase Change Materials Market
- Rest Of Europe Phase Change Materials Market
- Italy Phase Change Materials Market
- Spain Phase Change Materials Market
- Rest Of Asia Pacific Phase Change Materials Market
- Canada Phase Change Materials Market
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