North America Phase Change Materials Market (2025-2030)
The North America Phase Change Materials Market was valued at $31.21 Million in 2025 and projected to reach to $72.75 Million by 2030, representing a compound annual growth rate of 18.44%. North America's Phase Change Materials market is positioned for accelerated growth through 2030, driven by increasing energy efficiency regulations, rising demand for thermal management in data centers, and growing adoption in HVAC systems.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
North America Phase Change Materials Market Trends and Insights
- This 18.44% compound annual growth rate reflects strong regional demand driven by thermal management applications across building, industrial, and consumer electronics sectors.
- Rest Of North America is capitalizing on increasing energy efficiency regulations and growing adoption of sustainable cooling and heating solutions. The forecast period through 2030 positions Rest Of North America as a high-growth market within the broader North American landscape.
- Rest Of North America's market expansion is supported by rising investments in HVAC systems, cold chain logistics, and advanced thermal storage technologies.
- Rest Of North America continues to attract both established manufacturers and emerging innovators seeking to address regional demand for reliable, cost-effective phase change material solutions..
Key Market Statistics
- CAGR (2025-2030) 18.44% CAGR
- Market Size, 2025 ~USD 31.21 Million
- Forecast, 2030 ~USD 72.75 Million
- Geography North America
North America Phase Change Materials Market Overview
Strong Regional Growth Trajectory :
North America's Phase Change Materials market is expanding at 18.44% CAGR, outpacing the global average of 17.58%, driven by robust thermal management demand across building, industrial, and consumer electronics sectors.
Significant Market Expansion :
The market is projected to grow from $31.21 million in 2025 to $72.75 million by 2030, representing a 133% increase over the five-year forecast period, reflecting strong regional adoption and investment.
US Market Leadership :
The United States dominates North America's PCM market with $514.57 million in market size, establishing itself as a key growth engine for thermal management innovation and application development.
Diverse Application Opportunities :
North America's PCM market benefits from expanding use cases in building thermal regulation, industrial heat recovery systems, and advanced consumer electronics cooling solutions, creating multiple revenue streams.
North America Phase Change Materials Market Dynamics
- The region's strong manufacturing base and technological innovation ecosystem support rapid commercialization of advanced PCM solutions.
- Building sector modernization and industrial decarbonization initiatives are key catalysts for market expansion. The forecast period will see intensified competition among suppliers, with emphasis on developing high-performance, cost-effective materials.
- Strategic partnerships between material manufacturers and end-use industries will drive product innovation and market penetration.
- North America's commitment to sustainability and energy conservation positions the region as a premium market for advanced phase change material applications..
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
- Rest Of North America's Phase Change Materials market will more than double from $31.21M (2025) to $72.75M (2030), representing 18.44% CAGR.
- Rest Of North America is driven by thermal management demand in building automation, industrial processes, and consumer electronics applications.
- Rest Of North America benefits from stringent energy efficiency mandates and growing sustainability initiatives across the region.
- Rest Of North America's high growth rate positions it as a strategic expansion opportunity for global and regional PCM manufacturers.
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 |
North America 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
- Material Manufacturers & Suppliers : PCM producers need North America-specific demand forecasts, application trends, and competitive positioning to optimize production capacity, develop region-tailored products, and capture market share in this 18.44% CAGR growth market.
- Building & Construction Companies : Construction firms and HVAC integrators require insights into thermal management material adoption rates, building code compliance drivers, and cost-benefit analyses to specify PCM solutions in commercial and residential projects.
- Industrial Equipment Manufacturers : Industrial OEMs need North America market intelligence on thermal management requirements, application-specific PCM specifications, and supplier capabilities to integrate advanced cooling solutions into their product portfolios.
- Electronics & Data Center Operators : Technology companies and data center managers require detailed market data on PCM thermal solutions, performance benchmarks, and regional adoption trends to optimize cooling infrastructure and reduce operational costs.
- Investment & Strategy Consultants : Private equity firms, management consultants, and strategic advisors need comprehensive North America PCM market analysis to evaluate investment opportunities, assess growth potential, and guide portfolio companies in this expanding sector.
Key Companies in the North America 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.
Countries within North America - compare and drill down
| Country | 2025 size (native) |
|---|---|
| US | USD 514.57 Million |
| Canada | USD 3.64 Million |
| Rest Of North America | USD 767.27 Million |
Country market size visualization
Reasons to Buy this Report
- Regional Market Sizing & Forecasts : Access precise market valuations for North America's PCM sector with detailed projections through 2030, enabling accurate budget allocation and strategic planning for regional expansion.
- Competitive Landscape Intelligence : Understand North America-specific competitive dynamics, supplier positioning, and market share distribution to identify partnership and acquisition opportunities in this high-growth region.
- Sector-Specific Growth Drivers : Gain insights into building, industrial, and consumer electronics applications driving North America's 18.44% CAGR, with actionable intelligence for targeting high-potential customer segments.
- Regulatory & Sustainability Trends : Analyze North America's energy efficiency mandates and sustainability initiatives shaping PCM adoption, helping businesses align products with regional compliance requirements and market demands.
- Investment & Expansion Strategy : Leverage North America-focused market data to evaluate market entry strategies, identify geographic hotspots, and prioritize resource allocation across the region's diverse industrial landscape.
Frequently asked questions
What is the market size of Phase Change Materials in Rest Of North America?
Rest Of North America's Phase Change Materials market was valued at $31.21 million in 2025 and is forecast to reach $72.75 million by 2030.
What is the CAGR for Phase Change Materials in Rest Of North America?
Rest Of North America's Phase Change Materials market is projected to grow at a compound annual growth rate of 18.44% from 2025 to 2030.
What are the primary applications driving Rest Of North America's PCM market?
Rest Of North America's Phase Change Materials market is primarily driven by thermal management applications in building HVAC systems, industrial thermal storage, cold chain logistics, and consumer electronics cooling solutions.
Which factors are accelerating growth in Rest Of North America's Phase Change Materials market?
Rest Of North America's market growth is accelerated by increasing energy efficiency regulations, rising demand for sustainable thermal solutions, investments in smart building technologies, and expansion of temperature-sensitive supply chains.
How does Rest Of North America's PCM market compare to the broader North American region?
Rest Of North America represents a high-growth segment within North America, with an 18.44% CAGR reflecting strong regional demand for thermal management solutions and positioning it as a key market for PCM manufacturers.
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.
- China 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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