Americas Phase Change Materials Market (2025-2030)
The Americas Phase Change Materials Market was valued at $31.43 Million in 2025 and projected to reach to $36.55 Million by 2030, representing a compound annual growth rate of 16.3%. The Americas Phase Change Materials market is positioned for sustained expansion through 2030, driven by stringent energy efficiency regulations, growing renewable energy adoption, and increasing investments in sustainable building technologies.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
Americas Phase Change Materials Market Trends and Insights
- Morocco's market growth is driven by increasing demand for thermal energy storage solutions across building and industrial applications, supported by the country's renewable energy initiatives and climate commitments.
- The 16.3% compound annual growth rate reflects Morocco's strategic focus on sustainable technologies and energy efficiency, particularly in thermal management for construction and manufacturing sectors. The Phase Change Materials sector in Morocco benefits from regional infrastructure development and growing awareness of passive cooling and heating solutions.
- Morocco's investment in green building standards and thermal comfort technologies is accelerating adoption across commercial and residential segments.
- By 2030, Morocco is expected to consolidate its position as a key market for advanced thermal materials in the Middle East Africa region, driven by both domestic demand and cross-border trade opportunities..
Key Market Statistics
- CAGR (2025-2030) 16.3% CAGR
- Market Size, 2025 ~USD 31.43 Million
- Forecast, 2030 ~USD 36.55 Million
- Geography Americas
Americas Phase Change Materials Market Overview
Strong North American Leadership :
The US dominates the Americas Phase Change Materials market with USD 514.57 million in market size, driven by advanced thermal management applications in HVAC, electronics cooling, and building energy efficiency sectors.
Robust Regional Growth Trajectory :
Americas Phase Change Materials market is expanding at 16.3% CAGR, reaching USD 36.55 million by 2030, supported by increasing adoption in renewable energy storage and sustainable building solutions across North and South America.
Emerging Latin American Opportunities :
Chile represents a significant growth hub in South America with USD 47.58 million market valuation, reflecting rising demand for thermal energy storage in mining operations and renewable energy infrastructure development.
Diverse Application Landscape :
Americas market benefits from diverse end-use sectors including construction, industrial thermal management, aerospace, and consumer electronics, creating multiple revenue streams and investment opportunities across the region.
Americas Phase Change Materials Market Dynamics
- North America leads the region with mature market infrastructure and advanced R&D capabilities, while Latin American markets like Chile present emerging opportunities in industrial and renewable energy applications.
- The 16.3% CAGR reflects strong demand across HVAC systems, thermal storage solutions, and electronics cooling applications, supported by climate commitments and green building initiatives throughout the region..
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
- Morocco's Phase Change Materials market is valued at USD 31.43 million in 2025 and is projected to grow to USD 36.55 million by 2030 at a CAGR of 16.3%.
- Morocco's renewable energy strategy and green building initiatives are primary drivers of Phase Change Materials adoption in thermal management applications.
- Morocco's market growth is supported by increasing infrastructure development and rising demand for energy-efficient cooling and heating solutions.
- By 2030, Morocco is positioned to strengthen its role as a regional hub for advanced thermal materials in the Middle East Africa 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 |
Americas 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 Americas market data to assess production capacity requirements, identify growth segments, and develop region-specific product portfolios for thermal energy storage applications.
- Building & Construction Companies : Require insights into Phase Change Materials adoption in HVAC and building envelope applications across Americas to integrate sustainable thermal solutions into construction projects.
- Renewable Energy Developers : Seek market intelligence on thermal storage solutions for solar and wind energy systems in Americas, particularly in Chile and North America, to optimize energy management systems.
- Investment & Private Equity Firms : Need comprehensive Americas market sizing and growth forecasts to evaluate investment opportunities in Phase Change Materials companies and thermal technology startups across the region.
- Industrial & HVAC Equipment Manufacturers : Require Americas-specific demand data and application trends to develop competitive cooling and thermal management solutions for electronics, industrial processes, and climate control systems.
Key Companies in the Americas 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 Americas - compare and drill down
| Country | 2025 size (native) |
|---|---|
| US | USD 514.57 Million |
| Canada | USD 3.64 Million |
| Chile | USD 47.58 Million |
| Rest Of Americas | USD 9.21 Million |
Country market size visualization
Reasons to Buy this Report
- Market Size & Growth Data : Access comprehensive market valuation for Americas at USD 31.43 million (2025) with detailed 16.3% CAGR projections through 2030, enabling accurate investment planning and revenue forecasting.
- Country-Level Intelligence : Gain granular insights into US (USD 514.57M), Canada (USD 3.64M), Chile (USD 47.58M), and Rest of Americas markets, identifying high-potential regions for expansion and market entry strategies.
- Application & Sector Analysis : Understand demand drivers across HVAC, building energy efficiency, industrial thermal management, and renewable energy storage sectors specific to Americas markets and regulatory environments.
- Competitive Landscape Insights : Benchmark against regional competitors and identify market gaps in North American and Latin American segments to optimize product positioning and capture emerging opportunities.
- Strategic Decision Support : Leverage Americas-specific market data for M&A decisions, capacity planning, technology investments, and go-to-market strategies aligned with regional growth trajectories and customer needs.
Frequently asked questions
What is the current market size of Phase Change Materials in Morocco?
Morocco's Phase Change Materials market is valued at USD 31.43 million in 2025, with verified data from KS table sources.
What is the projected market size for Phase Change Materials in Morocco by 2030?
Morocco's Phase Change Materials market is forecast to reach USD 36.55 million by 2030, representing a 16.3% CAGR from 2025.
What is driving growth in Morocco's Phase Change Materials market?
Morocco's market growth is driven by renewable energy initiatives, green building standards, thermal energy storage demand, and industrial energy efficiency requirements.
Which sectors are the primary consumers of Phase Change Materials in Morocco?
Morocco's primary sectors include building and construction, industrial thermal management, HVAC systems, and renewable energy storage applications.
How does Morocco's Phase Change Materials market compare to the global market?
Morocco's market grows at 16.3% CAGR, slightly below the global rate of 17.58%, reflecting regional adoption patterns and infrastructure development timelines.
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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