Rest Of North America Phase Change Materials Market (2025-2030)
The Rest Of North America Phase Change Materials Market was valued at $347.3 Million in 2025 and projected to reach to $767.27 Million by 2030, representing a compound annual growth rate of 17.18%. Rest of North America's Phase Change Materials market is poised for substantial growth through 2030, driven by escalating demand for energy-efficient thermal management solutions in commercial buildings, data centers, and industrial facilities.
| Market Size in | USD 26.32 MN |
| Market Forecast in | |
| CAGR | |
| Forecast Period | |
| Units Considered | Value (USD MN) |
Rest Of North America Phase Change Materials Market Trends and Insights
- This growth trajectory reflects Europe's strong commitment to energy efficiency, thermal management innovation, and sustainable building solutions across residential, commercial, and industrial sectors.
- Europe leads in regulatory support for energy-efficient technologies, driving adoption of PCM in HVAC systems, thermal storage, and advanced insulation applications. The European market benefits from stringent EU energy directives, green building certifications, and increasing investment in renewable energy infrastructure.
- Europe's emphasis on circular economy principles and carbon neutrality targets accelerates PCM integration in construction, textiles, and electronics cooling.
- The region's mature manufacturing base and R&D capabilities position Europe as a hub for advanced PCM formulations and applications, supporting the 17.18% CAGR through 2030..
Key Market Statistics
- CAGR (2025-2030) 17.18% CAGR
- Market Size, 2025 ~USD 347.3 Million
- Forecast, 2030 ~USD 767.27 Million
- Country Rest Of North America
Rest Of North America Phase Change Materials Market Overview
Market Valuation :
Rest of North America's Phase Change Materials market is valued at USD 347.3 million in 2025, demonstrating significant regional demand for thermal management solutions across diverse industrial applications.
Projected Growth :
The market is forecasted to expand to USD 767.27 million by 2030, representing a robust 17.18% CAGR that outpaces many competing technologies in the thermal management sector.
Regional Drivers :
Growth in Rest of North America is driven by increasing adoption in HVAC systems, data center cooling, building envelope optimization, and automotive thermal management applications requiring advanced energy efficiency solutions.
Competitive Positioning :
Rest of North America maintains strong market momentum with a regional CAGR of 17.18%, closely aligned with the global growth rate of 17.58%, indicating healthy competitive dynamics and sustained investment in PCM technologies.
Rest Of North America Phase Change Materials Market Dynamics
- Regulatory pressures to reduce carbon footprints and improve building performance standards are accelerating PCM adoption across the region.
- The market benefits from strong infrastructure development, technological innovation, and increasing awareness of thermal energy storage benefits among end-users seeking cost-effective cooling and heating solutions. The forecast period will witness expanded applications in electric vehicle thermal systems, renewable energy integration, and smart building technologies.
- Investment in R&D for advanced PCM formulations and improved thermal conductivity will enhance market competitiveness.
- Strategic partnerships between material manufacturers and construction/industrial sectors will further propel market penetration, positioning Rest of North America as a key growth hub within the broader North American PCM landscape..
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
- Europe's PCM market will nearly double from USD 347.3M (2025) to USD 767.27M (2030), driven by energy efficiency mandates and thermal management demand.
- Europe's regulatory environment, including EU energy directives and green building standards, accelerates PCM adoption across construction and industrial applications.
- Europe's advanced R&D infrastructure and manufacturing capabilities position the region as a global leader in innovative PCM formulations and thermal storage solutions.
- Europe's commitment to carbon neutrality and circular economy principles creates sustained demand for PCM in renewable energy, building retrofits, and sustainable textiles.
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 |
Rest Of 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
- PCM Material Manufacturers : Manufacturers need Rest of North America-specific market data to optimize production capacity, identify high-demand applications, and develop region-tailored product portfolios for HVAC, construction, and industrial thermal management sectors.
- Building & Construction Companies : Construction firms require insights into PCM adoption trends, regulatory drivers, and cost-benefit analyses for Rest of North America to integrate thermal storage solutions into commercial and residential projects for enhanced energy efficiency.
- Data Center Operators : Data center managers need regional PCM market intelligence to evaluate cooling technology alternatives, assess thermal management ROI, and plan infrastructure upgrades aligned with Rest of North America's growth opportunities.
- HVAC & Thermal Systems Providers : HVAC manufacturers and system integrators require Rest of North America market forecasts to guide product innovation, supply chain planning, and sales strategies for PCM-integrated heating and cooling solutions.
- Investment & Strategy Consultants : Consultants advising industrial clients need detailed Rest of North America PCM market analysis to support due diligence, M&A evaluations, and strategic recommendations for thermal management technology investments and partnerships.
Key Companies in the Rest Of 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.
Reasons to Buy this Report
- Regional Market Sizing : Obtain precise valuation data for Rest of North America's PCM market (USD 347.3M in 2025), enabling accurate budget allocation and investment decisions specific to this high-growth regional segment.
- Growth Trajectory Insights : Access detailed forecasts projecting 17.18% CAGR through 2030, allowing strategic planning for market entry, expansion, and competitive positioning within Rest of North America's thermal management sector.
- Application-Specific Demand : Understand region-specific PCM applications in HVAC, data centers, building envelopes, and automotive sectors, enabling targeted product development and marketing strategies aligned with local market needs.
- Competitive Benchmarking : Compare Rest of North America's 17.18% CAGR against global 17.58% growth rates to identify competitive advantages, market gaps, and opportunities for differentiation in this dynamic regional market.
- Investment Decision Support : Leverage comprehensive market intelligence to support capital allocation decisions, partnership evaluations, and go-to-market strategies for PCM manufacturers, distributors, and technology providers targeting Rest of North America.
Frequently asked questions
What is the current market size of Phase Change Materials in Europe?
Europe's Phase Change Materials market was valued at USD 347.3 million in 2025 and is projected to grow to USD 767.27 million by 2030.
What is the expected growth rate for Europe's PCM market?
Europe's Phase Change Materials market is expected to grow at a compound annual growth rate (CAGR) of 17.18% from 2025 to 2030.
Which industries in Europe are driving PCM adoption?
Europe's PCM adoption is driven by construction and building thermal management, renewable energy storage, electronics cooling, textiles, and HVAC systems, supported by strict energy efficiency regulations.
How do EU regulations impact Europe's PCM market growth?
Europe's stringent EU energy directives, green building certifications (LEED, BREEAM), and carbon neutrality targets create strong regulatory incentives for PCM integration in energy-efficient applications.
What competitive advantages does Europe hold in the global PCM market?
Europe's mature manufacturing base, advanced R&D capabilities, strong intellectual property frameworks, and commitment to sustainable innovation position the region as a global leader in PCM technology development and commercialization.
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 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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