US Phase Change Materials Market (2025-2030)
The US Phase Change Materials Market was valued at $212.56 Million in 2025 and projected to reach to $514.57 Million by 2030, representing a compound annual growth rate of 19.34%. The US Phase Change Materials market is positioned for accelerated growth through 2030, driven by increasing adoption in energy-efficient building solutions and thermal management applications.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
US Phase Change Materials Market Trends and Insights
- The US market is driven by increasing demand across thermal energy storage, building and construction, and electronics cooling applications.
- The US benefits from advanced manufacturing capabilities, strong R&D investment, and regulatory support for energy-efficient solutions that leverage PCM technology. In the US, the 19.34% compound annual growth rate significantly outpaces global trends, reflecting the country's leadership in innovation and adoption of sustainable thermal management solutions.
- The US market is characterized by growing investments in renewable energy integration, HVAC system optimization, and data center cooling—sectors where PCM applications deliver measurable cost and efficiency benefits.
- By 2030, the US is expected to consolidate its position as a key hub for PCM development and commercialization..
Key Market Statistics
- CAGR (2025-2030) 19.34% CAGR
- Market Size, 2025 ~USD 212.56 Million
- Forecast, 2030 ~USD 514.57 Million
- Country US
US Phase Change Materials Market Overview
Market Valuation Growth :
The US PCM market is valued at $212.56 million in 2025 and is projected to reach $514.57 million by 2030, representing a robust 19.34% CAGR, outpacing the global growth rate of 17.58%.
Key Application Drivers :
US demand is primarily driven by thermal energy storage systems, building and construction applications for energy efficiency, and electronics cooling solutions in data centers and consumer electronics.
Manufacturing & Innovation Advantage :
The US benefits from advanced manufacturing capabilities, significant R&D investment from leading chemical and materials companies, and supportive regulatory frameworks promoting energy efficiency standards.
Regulatory Support :
Federal and state-level energy efficiency regulations, building codes, and sustainability initiatives are accelerating PCM adoption across commercial and residential construction sectors in the US.
US Phase Change Materials Market Dynamics
- Rising energy costs and stringent building performance standards are compelling architects and engineers to integrate PCM technologies into HVAC systems and building envelopes.
- The electronics sector's demand for advanced cooling solutions in data centers and high-performance computing further supports market expansion.
- Investment in renewable energy storage and grid modernization initiatives will create additional opportunities for PCM deployment in thermal battery systems.
- Strong domestic manufacturing capabilities and continuous innovation in material science ensure the US maintains competitive advantages in developing next-generation PCM products..
Related Ecosystem
Foam And Insulation
Renewable Energy Material
Resins And Polymers
Key Takeaways
- The US Phase Change Materials market is valued at $212.56 million in 2025 and is forecast to grow to $514.57 million by 2030, representing a 19.34% CAGR.
- The US market growth is driven by demand in thermal energy storage, building efficiency, and electronics cooling applications across multiple industries.
- The US benefits from advanced manufacturing infrastructure, significant R&D investment, and supportive regulatory frameworks for energy-efficient technologies.
- The US is positioned as a global leader in PCM innovation, with strong adoption in renewable energy, data centers, and HVAC optimization sectors.
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 |
US 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
- Chemical & Materials Manufacturers : US-based PCM producers need market sizing and growth projections to optimize production capacity, allocate R&D budgets, and plan product portfolio expansion aligned with domestic demand trends.
- Construction & Building Companies : Architects, engineers, and construction firms require US market insights to evaluate PCM integration opportunities in energy-efficient building designs and understand regulatory compliance requirements.
- Electronics & Data Center Operators : Technology companies and data center managers need US-specific PCM market data to assess thermal management solutions, evaluate supplier options, and plan cooling infrastructure investments.
- Energy & Renewable Storage Developers : Renewable energy companies and thermal storage solution providers require US market forecasts to identify investment opportunities in grid-scale and distributed thermal battery applications.
- Investment & Strategy Consultants : Private equity firms, management consultants, and strategic advisors need detailed US PCM market analysis to support M&A decisions, portfolio company valuations, and market entry strategies.
Key Companies in the US 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 : Confirm the US PCM market's 19.34% CAGR trajectory with precise valuation data ($212.56M to $514.57M), enabling accurate financial forecasting and investment decision-making for US-focused strategies.
- Application-Specific Insights : Gain detailed understanding of thermal energy storage, building construction, and electronics cooling segments within the US market to identify high-potential niches and tailor product development accordingly.
- Competitive Landscape Analysis : Understand US manufacturing capabilities, R&D investments, and regulatory advantages to benchmark against competitors and identify opportunities for market differentiation and strategic positioning.
- Regulatory & Policy Intelligence : Access comprehensive analysis of federal and state-level energy efficiency regulations, building codes, and sustainability initiatives driving PCM adoption across US commercial and residential sectors.
- Strategic Market Entry Planning : Leverage US-specific market data to develop targeted go-to-market strategies, identify key customer segments, and prioritize geographic regions with highest growth potential through 2030.
Frequently asked questions
What is the current size of the US Phase Change Materials market?
The US Phase Change Materials market is valued at $212.56 million in 2025 and is projected to reach $514.57 million by 2030.
What is the growth rate of the US PCM market?
The US Phase Change Materials market is growing at a compound annual growth rate (CAGR) of 19.34% from 2025 to 2030.
Which applications drive demand in the US PCM market?
The US market is primarily driven by thermal energy storage, building and construction efficiency, electronics cooling, data center thermal management, and renewable energy integration applications.
Why is the US PCM market growing faster than the global average?
The US market benefits from advanced manufacturing capabilities, substantial R&D investment, strong regulatory support for energy efficiency, and early adoption in high-value sectors like data centers and renewable energy.
What factors support long-term growth in the US PCM market?
Key growth drivers include increasing energy costs, stringent building efficiency standards, rising demand for thermal management in electronics, renewable energy expansion, and corporate sustainability commitments across the US.
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.
- 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
- 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
- China Phase Change Materials Market
- India Phase Change Materials Market
- Australia Phase Change Materials Market
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