Global Advanced Phase Change Materials Market

Advanced Phase Change Materials Market Size, Share & Trends Analysis Report, By Product (Paraffin, Salt Hydrates, Others), By Form (Encapsulated, Non-Encapsulated), By Type (Organic PCM, Inorganic PCM, Bio-Based PCM), By Application, By Region, And Segment Forecast, 2025-2032

Report ID: SQMIG15E2660 | Region: Global | Published Date: March, 2025
Pages: 187 | Tables: 119 | Figures: 70

Advanced Phase Change Materials Market News

  • In October 2024, Panasonic Marketing Europe GmbH, a business arm of Japanese company Panasonic announced that it is a part of a consortium developing a novel heat pump. The project is led by Innova and comprise of Italian research institute Eurac, PCM specialist Thermalink, and the University of Padua, among others. The goal of this consortium was to develop a multi-source heat pump combined with phase change material (PCM) for storage of heat or cooling applications.
  • In March 2024 Sunamp, a leading thermal energy storage innovator from the United Kingdom unveiled a unique energy storage solution using barges. The solution uses Sunamp’s innovative phase change material called Plentigrade P58 that is made up of water, salt hydrates, and other additives. The material can be ferried on barges to store and transport energy without much hassle and has received a very positive response from multiple public and private institutions.
  • In November 2023, Henkel, a German multinational chemical organization revealed thats its novel phase change thermal interface material (TIM) was named named the Global Technology Awards’ TIM category winner. Bergquist Hi Flow THF 5000UT is an innovative phase change material that offers exceptional thermal performance without the need for extreme mechanical pressure.
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FAQs

Global Advanced Phase Change Materials Market size was valued at USD 2.97 Billion in 2023 and is poised to grow from USD 3.21 Billion in 2024 to USD 5.94 Billion by 2032, growing at a CAGR of 8% during the forecast period (2025-2032).

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', 'Advansa Marketing', 'Honeywell International Inc.', 'Outlast Technologies', 'DuPont', 'PCM Energy Ltd.', 'Global E Systems ', 'Rubitherm Technologies GmbH', 'Dow Building Solutions', 'Cryopak', 'Sasol', 'Laird Technologies Inc. ', 'Climator Sweden AB'

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.

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Global Advanced Phase Change Materials Market

Report ID: SQMIG15E2660

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