The global advanced phase change materials market size was valued at USD 3.5 billion in 2025 and is projected to grow from USD 3.8 billion in 2026 to USD 6.7 billion in 2033, at a CAGR of 8.5% from 2026 to 2033. Europe dominated the market, accounting for a revenue share of 35.0% in 2025. The growth in demand for advanced phase change materials is projected to be high, driven by their effectiveness in construction projects. Other features, such as energy conservation and sustainability, also increase demand.
The growing awareness of the need to reduce greenhouse gas emissions, along with advancements in micro- and macro-encapsulation technologies, is driving industry growth. Advanced phase change materials (APCMs) are particularly significant in the construction sector because they can store and release thermal energy more efficiently during phase transitions. As efforts to conserve energy continue, the use of these materials in construction to build sustainable, environmentally friendly structures is expected to rise.
In addition, the growing number of electronic devices has heightened the demand for effective cooling systems. APCMs are considered ideal solutions for cooling electronic devices due to their efficiency. These materials are also being integrated into textiles to provide temperature regulation and thermal insulation in the textile manufacturing sector.
Moreover, APCMs can improve battery performance and ensure operational safety. When applied in electric and hybrid vehicles, these materials contribute to low energy consumption and high efficiency. The growing interest in electric and hybrid vehicles has further boosted industry demand for advanced phase-change materials for thermal management applications, fueling the development of new solutions.
Advanced Phase Change Materials Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global advanced phase change materials market report based on product, application, and region:
- Product Outlook (Revenue, USD Billion, 2021 - 2033)
Paraffin
Salt Hydrates
Others
- Application Outlook (Revenue, USD Billion, 2021 - 2033)
Building & Construction
Commercial Refrigeration
HVAC
Energy Storage
Shipping & Transportation
Others
- Regional Outlook (Revenue, USD Billion, 2021 - 2033)
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation and Scope
- 1.2. Market Definitions
- 1.3. Research Methodology
- 1.3.1. Information Procurement
- 1.3.2. Information or Data Analysis
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.3. Competitive Insights
Chapter 3. Advanced Phase Change Materials Market Variables, Trends, & Scope
- 3.1. Market Introduction/Lineage Outlook
- 3.2. Market Size and Growth Prospects (USD Million)
- 3.3. Market Dynamics
- 3.3.1. Market Drivers Analysis
- 3.3.2. Market Restraints Analysis
- 3.4. Advanced Phase Change Materials Market Analysis Tools
- 3.4.1. Porter's Analysis
- 3.4.1.1. Bargaining power of the suppliers
- 3.4.1.2. Bargaining power of the buyers
- 3.4.1.3. Threats of substitution
- 3.4.1.4. Threats from new entrants
- 3.4.1.5. Competitive rivalry
- 3.4.2. PESTEL Analysis
- 3.4.2.1. Political landscape
- 3.4.2.2. Economic and Social landscape
- 3.4.2.3. Technological landscape
- 3.4.2.4. Environmental landscape
- 3.4.2.5. Legal landscape
Chapter 4. Advanced Phase Change Materials Market: Product Estimates & Trend Analysis
- 4.1. Segment Dashboard
- 4.2. Advanced Phase Change Materials Market: Product Movement Analysis, USD Million, 2025 & 2033
- 4.3. Paraffin
- 4.3.1. Paraffin Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.4. Salt Hydrates
- 4.4.1. Salt Hydrates Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 4.5. Others
- 4.5.1. Others Market Revenue Estimates and Forecasts, 2021 - 2033(USD Million)
Chapter 5 Advanced Phase Change Materials Market: Application Estimates & Trend Analysis
- 5.1. Segment Dashboard
- 5.2. Advanced Phase Change Materials Market: Application Movement Analysis, USD Million, 2024 & 2030
- 5.2.1. Building & Construction
- 5.2.1.1. Building & Construction Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.2.2. Commercial Refrigeration
- 5.2.2.1. Commercial Refrigeration Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.2.3 Energy Storage
- 5.2.3.1. Energy Storage Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.2.4. Shipping And Transportation
- 5.2.4.1. Shipping and Transportation Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
- 5.3. Others
- 5.3.1. Others Market Revenue Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 6 Advanced Phase Change Materials Market: Regional Estimates & Trend Analysis
- 6.1. Advanced Phase Change Materials Market Share, By Region, 2025 & 2033, USD Million
- 6.2. North America
- 6.2.1. North America Advanced Phase Change Materials Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.2.2. U.S.
- 6.2.2.1. U.S. Advanced Phase Change Materials Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.3 Europe
- 6.3.1. Europe Advanced Phase Change Materials Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.3.2. UK
- 6.3.2.1. UK Advanced Phase Change Materials Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.3.3. Germany
- 6.3.3.1. Germany Advanced Phase Change Materials Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.4. Asia Pacific
- 6.4.1. Asia Pacific Advanced Phase Change Materials Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.4.2. China
- 6.4.2.1. China Advanced Phase Change Materials Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.4.3. India
- 6.4.3.1. India Advanced Phase Change Materials Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.5. Latin America
- 6.5.1. Latin America Advanced Phase Change Materials Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.5.2. Brazil
- 6.5.2.1. Brazil Advanced Phase Change Materials Market Estimates and Forecasts, 2021 - 2033 (USD Million)
- 6.6. Middle East and Africa
- 6.6.1. Middle East and Africa Advanced Phase Change Materials Market Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 7 Advanced Phase Change Materials Market. Competitive Landscape
- 7.1 BASF SE
- 7.1.1 Company Overview
- 7.1.2 Financial Performance
- 7.1.3 Product Benchmarking
- 7.1.4 Strategic Initiatives
- 7.2 Advansa Marketing GmbH
- 7.2.1 Company Overview
- 7.2.2 Financial Performance
- 7.2.3 Product Benchmarking
- 7.2.4 Strategic Initiatives
- 7.3 Honeywell International Inc
- 7.3.1 Company Overview
- 7.3.2 Financial Performance
- 7.3.3 Product Benchmarking
- 7.3.4 Strategic Initiatives
- 7.4 Outlast Technologies
- 7.4.1 Company Overview
- 7.4.2 Financial Performance
- 7.4.3 Product Benchmarking
- 7.4.4 Strategic Initiatives
- 7.5 DuPont
- 7.5.1 Company Overview
- 7.5.2 Financial Performance
- 7.5.3 Product Benchmarking
- 7.5.4 Strategic Initiatives
- 7.6 PCM Energy Ltd
- 7.6.1 Company Overview
- 7.6.2 Financial Performance
- 7.6.3 Product Benchmarking
- 7.6.4 Strategic Initiatives
- 7.7 Rubitherm Technologies GmbH
- 7.7.1 Company Overview
- 7.7.2 Financial Performance
- 7.7.3 Product Benchmarking
- 7.7.4 Strategic Initiatives
- 7.8 Climator Sweden AB
- 7.8.1 Company Overview
- 7.8.2 Financial Performance
- 7.8.3 Product Benchmarking
- 7.8.4 Strategic Initiatives
- 7.9. Cryopak
- 7.9.1 Company Overview
- 7.9.2 Financial Performance
- 7.9.3 Product Benchmarking
- 7.9.4 Strategic Initiatives
- 7.10. Dow
- 7.10.1 Company Overview
- 7.10.2 Financial Performance
- 7.10.3 Product Benchmarking
- 7.10.4 Strategic Initiatives