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 aggressive industrialization, urbanization, and government-mandated 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 country's dominant position in thermal energy storage applications, driven by rapid industrialization, building energy efficiency mandates, and expanding electronics cooling demand.
- China's manufacturing capabilities and investment in renewable energy infrastructure position the nation as a critical hub for PCM adoption across construction, automotive, and consumer electronics sectors. The forecast period through 2030 underscores China's strategic importance in the global Phase Change Materials landscape.
- China's market expansion is fueled by government sustainability initiatives, increasing demand for temperature-regulating textiles, and the proliferation of data centers requiring advanced thermal management solutions.
- As China continues to lead in both production capacity and consumption, the market's trajectory reflects the country's commitment to energy efficiency and innovation in material science, making China an essential market for industry stakeholders..
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 energy efficiency mandates.
Thermal Energy Storage Leadership :
China dominates the global thermal energy storage sector, leveraging PCM technology across industrial cooling, building climate control, and renewable energy integration applications.
Building Energy Efficiency Demand :
Stringent building energy efficiency standards and government sustainability initiatives are accelerating PCM adoption in Chinese construction and HVAC sectors.
Industrial Expansion Driver :
Rapid industrialization across manufacturing, electronics, and data center sectors is creating substantial demand for advanced thermal management solutions using phase change materials.
China Phase Change Materials Market Dynamics
- The country's dominance in thermal energy storage applications is reinforced by investments in renewable energy infrastructure and smart building technologies.
- Manufacturing sectors, particularly electronics and data centers, are increasingly adopting PCM solutions for advanced thermal management.
- Government policies promoting green building certifications and carbon neutrality targets will further accelerate market penetration across residential, commercial, and industrial segments..
Related Ecosystem
Foam And Insulation
Renewable Energy Material
Resins And Polymers
Key Takeaways
- China's Phase Change Materials market will double from USD 17,993M (2025) to USD 37,052M (2030), driven by 15.54% CAGR growth.
- China's dominance in manufacturing and renewable energy investments position the country as the global PCM production and consumption leader.
- Building energy efficiency regulations and data center thermal management are primary growth catalysts accelerating PCM adoption across China.
- China's expanding electronics and automotive sectors create sustained demand for advanced thermal management solutions through 2030.
Phase Change Materials Market Report Scope
| Report Metric | Details |
|---|---|
| Base Year | 2025 |
| Forecast Period | 2025–2030 |
| Growth Rate | CAGR of 17.58% from 2025 to 2030 |
| 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
- Materials & Chemical Manufacturers : PCM producers and chemical companies need China-specific market data to assess production capacity requirements, pricing strategies, and distribution partnerships in the world's largest thermal storage market.
- Building & Construction Companies : Chinese construction firms and real estate developers require market insights to integrate PCM solutions into energy-efficient building projects and comply with government sustainability mandates.
- Industrial & Manufacturing Sectors : Electronics, automotive, and data center operators in China need thermal management solutions data to optimize cooling systems, reduce energy costs, and enhance operational efficiency.
- Energy & Renewable Companies : Chinese renewable energy firms and utilities require PCM market intelligence to develop thermal energy storage systems for grid stabilization and renewable energy integration applications.
- Investment & Strategy Consultants : Private equity, venture capital, and management consulting firms need China PCM market forecasts to identify investment opportunities, evaluate portfolio companies, and guide client expansion strategies.
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 Size & Growth Validation : Quantified market valuation (USD 17,993M in 2025) and 5-year forecast (USD 37,052M by 2030) provide concrete data for investment decisions, expansion planning, and competitive positioning in China's high-growth PCM sector.
- China-Specific Demand Drivers : Detailed insights into China's unique growth catalysts—rapid industrialization, building efficiency mandates, and renewable energy integration—enable targeted market entry and product development strategies.
- Competitive Landscape Intelligence : Understand China's thermal energy storage dominance and identify market gaps, emerging applications, and competitive advantages specific to the Chinese PCM ecosystem.
- Sector-Specific Opportunities : Identify high-potential segments including electronics manufacturing, data centers, HVAC systems, and smart buildings driving PCM adoption across China's industrial and commercial sectors.
- Strategic Planning & Risk Mitigation : Leverage China-focused market projections and regulatory insights to develop informed go-to-market strategies, supply chain planning, and long-term investment roadmaps in this critical Asian market.
Frequently asked questions
What is the projected market size of Phase Change Materials in China by 2030?
China's Phase Change Materials market is projected to reach USD 37,052 million by 2030, growing from USD 17,993 million in 2025.
What is the CAGR for Phase Change Materials in China?
China's Phase Change Materials market is expected to grow at a compound annual growth rate of 15.54% between 2025 and 2030.
Which industries are driving Phase Change Materials demand in China?
China's PCM demand is primarily driven by construction and building energy efficiency, electronics cooling, automotive thermal management, and data center applications.
Why is China a key market for Phase Change Materials?
China leads in PCM production capacity, has strong government sustainability mandates, rapid industrialization, and significant investments in renewable energy infrastructure and thermal management technologies.
What factors will support Phase Change Materials growth in China through 2030?
China's PCM market growth will be supported by building efficiency regulations, data center expansion, temperature-regulating textile demand, and the country's commitment to energy conservation and innovation.
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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