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 HVAC systems, thermal battery storage, and building envelope 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
- Energy efficiency mandates and net-zero building initiatives are compelling construction stakeholders to integrate PCM solutions.
- The electronics cooling segment is expanding rapidly due to rising computational demands in data centers and AI infrastructure.
- Investment in renewable energy storage and grid modernization further supports market expansion.
- With strong domestic manufacturing capabilities and continuous innovation, the US market is expected to capture significant value as industries prioritize thermal management and energy conservation..
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
- 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 for thermal energy storage solutions, energy-efficient building systems, and advanced electronics cooling in data centers.
- The US leads in PCM innovation and commercialization due to strong R&D capabilities, manufacturing infrastructure, and supportive regulatory frameworks for sustainability.
- By 2030, the US is positioned to capture significant market share in global PCM applications, particularly in renewable energy and smart building technologies.
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 |
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 : Need US-specific market data to assess production capacity requirements, identify growth segments, and plan R&D investments in PCM formulations for domestic applications.
- Construction & Building Companies : Require insights into PCM adoption trends in US building codes and energy efficiency standards to integrate thermal management solutions into commercial and residential projects.
- Electronics & Data Center Operators : Seek market intelligence on cooling solutions and thermal management trends in the US to optimize infrastructure efficiency and reduce operational costs.
- Energy Storage & Renewable Companies : Need US market forecasts and application data to develop thermal battery systems and energy storage solutions aligned with grid modernization and sustainability goals.
- Investment & Strategy Consultants : Require comprehensive US market analysis, growth projections, and competitive landscape data to advise clients on market entry, M&A opportunities, and portfolio positioning.
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 opportunity with precise valuation data ($212.56M in 2025) and high-growth trajectory (19.34% CAGR), enabling confident investment and expansion decisions.
- Application-Specific Insights : Understand which US sectors—thermal storage, construction, and electronics cooling—are driving demand, allowing targeted product development and market entry strategies.
- Competitive Positioning : Benchmark your US operations against market growth rates and identify competitive advantages in manufacturing, R&D, and regulatory compliance specific to the American market.
- Regulatory & Policy Landscape : Access detailed analysis of US federal and state energy efficiency regulations, building codes, and sustainability mandates that create market tailwinds for PCM adoption.
- Strategic Planning & Forecasting : Leverage 2030 forecast data ($514.57M) to develop long-term business strategies, resource allocation plans, and market expansion roadmaps for the US region.
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 expected to grow to $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.
What are the primary applications driving the US PCM market?
The US market is primarily driven by thermal energy storage, building and construction applications, electronics cooling, data center thermal management, and renewable energy integration.
Why is the US PCM market growing faster than the global average?
The US market benefits from advanced manufacturing capabilities, significant R&D investment, strong regulatory support for energy efficiency, and early adoption of sustainable thermal management technologies.
What sectors in the US are investing most heavily in Phase Change Materials?
The US data center, renewable energy, HVAC systems, and smart building sectors are the largest investors in Phase Change Materials technology and applications.
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
- 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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