Top Advanced Phase Change Materials Companies

Advanced Phase Change Materials Market size was valued at USD 2.28 Billion in 2024 and is poised to grow from USD 2.49 Billion in 2025 to USD 4.88 Billion by 2033, growing at a CAGR of 8.8% during the forecast period (2026–2033).

Advanced phase change materials companies should focus on product innovation and invest in R&D to maximize their business scope. Targeting the packaging industry can help advanced phase change materials providers get the best returns on their investments. Focusing on industries with high adoption of digital printing services can also offer new opportunities for companies as per this global advanced phase change materials market forecast. 'BASF SE (Germany) ', 'Advansa Marketing (Germany) ', 'Honeywell International Inc. (US) ', 'Outlast Technologies (US) ', 'DuPont (US) ', 'PCM Energy Ltd. (UK) ', 'Global E Systems (India) ', 'Rubitherm Technologies GmbH (Germany) ', 'Dow Building Solutions (US) ', 'Cryopak (Canada) ', 'Sasol (South Africa) ', 'Laird Technologies Inc. (US) ', 'Climator Sweden AB (Sweden)'

Surging use of batteries in consumer electronics and electric vehicles has bolstered the demand for better thermal management solutions for batteries. Use of advanced phase change materials in battery thermal management can prevent overheating, extending the lifespan of lithium-ion batteries, processors, and semiconductors. Hence, as demand for more efficient battery thermal management rises globally it is also expected to favor the global advanced phase change materials market outlook.

Use of Water-Based and Solvent-Free Advanced phase change materials: Advanced phase change materials providers should focus on developing new offerings targeting the sustainability trend to maximize their business scope. Growing imposition of new bans on VOCs and toxic chemicals around the world is projected to help make this a highly indispensable advanced phase change materials market trend for all companies across the study period and beyond.

Europe is estimated to account for a dominant share of the global advanced phase change materials market forecast. High emphasis on sustainability, imposition of stringent energy efficiency mandates, and rise of green construction practices are helping Europe bring in the most revenue. For instance, the European Green Deal is an initiative approved by the European Union in 2020 to promote circularity and introduce new legislations to promote energy efficiency in building renovations, farming, and other verticals.