Eutectic Phase Change Material Market
Eutectic Phase Change Material Market

Report ID: SQMIG15E3230

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Eutectic Phase Change Material Market Size, Share, and Growth Analysis

Eutectic Phase Change Material Market

Eutectic Phase Change Material Market By Product Type (Eutectic Solder, Brazing Alloys, Others), By Application (Automotive, Aerospace, Electronic and Electrical, Optoelectronic, Medical, Others), By End User (Residential, Commercial, Industrial), By Region - Industry Forecast 2026-2033


Report ID: SQMIG15E3230 | Region: Global | Published Date: February, 2026
Pages: 157 |Tables: 93 |Figures: 76

Format - word format excel data power point presentation

Eutectic Phase Change Material Market Insights

Global Eutectic Phase Change Material Market size was valued at USD 2.6 Billion in 2024 and is poised to grow from USD 3.02 Billion in 2025 to USD 9.96 Billion by 2033, growing at a CAGR of 16.1% during the forecast period (2026-2033).

The eutectic phase change material market centers on blends that melt and freeze at set temperatures to store and release latent heat, enabling compact, efficient thermal management across sectors. The primary driver is growing demand for decarbonization and energy efficiency, which incentivizes utilities, building owners and manufacturers to shave peak loads and integrate renewables. Over time the market shifted from simple inorganic salt hydrates in industrial heat storage to engineered organic and eutectic mixtures for building envelopes, HVAC and electronics cooling, with deployments today including thermal batteries for solar power, HVAC tanks and cold-chain phase change panels and transportation applications.Building on adoption in sectors such as HVAC, solar and transportation, a key factor driving growth is materials engineering that improves thermal conductivity and cycle stability, because enhanced performance reduces system size and lifecycle costs and thus widens viable applications. For example, nano-enhanced eutectic blends and advanced microencapsulation lower heat transfer resistance, which enables compact thermal buffers for electric vehicle battery packs and rack-level modules for data center cooling. Likewise regulatory incentives for energy efficiency accelerate retrofits in commercial buildings, and falling raw-material and encapsulation costs make products competitive in developing markets, creating commercial pathways for scale and investor interest.

How is AI driving innovation in the eutectic phase change material market?

AI is accelerating innovation in the eutectic phase change material market by making composition design and performance prediction faster and more reliable. Eutectic PCMs are engineered mixtures that melt and solidify at a single temperature while storing latent heat. The market today seeks tailored melting points and stable cycling for cold chain, building thermal storage and electronics cooling. Machine learning and materials informatics enable rapid screening of candidate mixtures, predictive phase diagram generation and automated experiments that reduce trial and error. Industry and academic projects are already combining AI driven simulation and lab automation to move experimental work toward commercial scale and more sustainable bio based solutions.Matlantis July 2025, upgraded its AI driven atomistic simulator to improve accuracy and throughput, enabling faster discovery and optimization of eutectic mixtures and helping PCM manufacturers shorten development cycles and deliver better thermal performance.

Market snapshot - (2026-2033)

Global Market Size

USD 2.6 Billion

Largest Segment

Eutectic Solder

Fastest Growth

Brazing Alloys

Growth Rate

16.1% CAGR

Eutectic Phase Change Material Market ($ Bn)
Country Share for Asia Pacific Region (%)

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Eutectic Phase Change Material Market Segments Analysis

Global eutectic phase change material market is segmented by product type, application, end user and region. Based on product type, the market is segmented into Eutectic Solder, Brazing Alloys and Others. Based on application, the market is segmented into Automotive, Aerospace, Electronic and Electrical, Optoelectronic, Medical and Others. Based on end user, the market is segmented into Residential, Commercial and Industrial. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

What role do eutectic solder play in advancing the eutectic phase change material market?

[Eutectic Solder] segment dominates because eutectic solders provide reliable, repeatable melting behavior and excellent thermal and electrical transfer properties that align with electronics manufacturing requirements. Their predictable phase transitions enable precise thermal management during assembly and in service cycling, lowering failure risk and improving device longevity. Established supply chains, industry familiarity, and compatibility with automated joining processes drive widespread adoption across high volume applications, sustaining demand and anchoring market development.

However, brazing alloys are witnessing the strongest growth momentum as manufacturers pursue higher temperature stability and joint strength for demanding thermal storage and structural applications. Innovations in alloy chemistry and process control are expanding feasible use cases, enabling larger heat capacity systems and new integration methods that open downstream opportunities across advanced electronics and high temperature thermal management.

How is optoelectronic driving innovation in the eutectic phase change material market?

[Optoelectronic] segment leads because optoelectronic devices demand tightly controlled thermal environments to preserve optical performance and wavelength stability, creating a strong requirement for materials with precise melting points and repeatable latent heat behavior. Eutectic phase change materials integrated into optoelectronic modules stabilize temperature under fluctuating loads, reduce thermal drift, and extend component lifespan, prompting manufacturers to prioritize these materials in product development and reliability strategies.

Meanwhile, automotive is emerging as the key high growth area driven by electrification and stringent thermal management needs for battery packs and power electronics. Demand for scalable eutectic phase change material solutions, combined with material innovation targeting automotive reliability and regulatory compliance, accelerates integration into thermal systems and creates significant product development and supply chain opportunities.

Eutectic Phase Change Material Market By Product Type

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Eutectic Phase Change Material Market Regional Insights

Why does Asia Pacific Dominate the Global Eutectic Phase Change Material Market?

Asia Pacific leads due to a convergence of advanced manufacturing capacity, strong material science research, and deep integration with high growth end use sectors. Established electronics and automotive clusters create sustained demand for thermal management solutions, while robust building retrofitting activity and renewable energy projects create application breadth for eutectic phase change materials. Supply chain concentration and supplier specialization reduce lead times and enable customized formulations. Collaborative links between universities, research institutes, and industry accelerate commercialization of niche eutectic blends. Favorable industrial policy frameworks and a competitive cost structure further reinforce regional leadership, enabling both domestic deployment and export orientation that together sustain a dominant role in the global landscape.

Japan Eutectic Phase Change Material Market

Eutectic Phase Change Material Market in Japan is shaped by advanced electronics manufacturing, stringent thermal reliability requirements, and a strong emphasis on energy conservation. Demand is driven by integration into precision thermal management for semiconductors, battery systems, and compact consumer devices. Local research institutions and specialty material firms support tailored eutectic formulations for high performance applications. The market benefits from close collaboration between component makers and system integrators, enabling rapid adoption of novel solutions where reliability and material quality are premium considerations.

South Korea Eutectic Phase Change Material Market

Eutectic Phase Change Material Market in South Korea reflects the needs of a technology intensive industrial base with significant activity in semiconductors, automotive electrification, and consumer electronics. Domestic firms emphasize high purity materials and reproducible performance to meet demanding thermal management specifications. Integration with battery thermal control and cooling systems for high density electronics drives formulation innovation. Strong partnerships among manufacturers, research centers, and system designers support iterative development and application specific adaptations, positioning the market as a center for specialized eutectic solutions.

What is Driving the Rapid Expansion of Eutectic Phase Change Material Market in North America?

Expansion in North America is propelled by a combination of robust research ecosystems, progressive building and energy efficiency standards, and rapid maturation of electrified transport and data center infrastructure. Active engagement by technology developers and end users fosters pilot programs and early commercial deployments, creating reference applications that accelerate broader uptake. Strong venture and corporate investment in advanced materials and thermal management drives innovation in eutectic chemistries and encapsulation techniques. Cross sector collaboration between universities, national laboratories, and industry enhances scale up and validation, while supply chain diversification and strategic manufacturing initiatives support regional availability and responsive customer support, reinforcing market momentum.

United States Eutectic Phase Change Material Market

Eutectic Phase Change Material Market in the United States is characterized by intensive research activity, diverse end use demand, and a focus on commercialization of advanced thermal storage solutions. Demand originates from data centers, building systems, and transportation electrification, where thermal stability and reliability are critical. Public and private research collaborations accelerate material qualification and application testing. A broad base of specialty chemical manufacturers and system integrators supports prototyping and scale up, enabling regional deployment and the emergence of application specific market niches.

Canada Eutectic Phase Change Material Market

Eutectic Phase Change Material Market in Canada emphasizes sustainability driven applications and cold chain optimization given climatic and logistical considerations. Research strengths in materials and energy systems inform tailored solutions for building envelopes and industrial thermal storage. Partnerships between universities, technology incubators, and local manufacturers promote commercialization pathways for novel eutectic blends. Focus on lifecycle performance and environmental compatibility aligns product development with procurement priorities among institutional and industrial buyers, fostering gradual market expansion across targeted sectors.

How is Europe Strengthening its Position in Eutectic Phase Change Material Market?

Europe is enhancing its role through coordinated policy support for energy efficiency, strong emphasis on circular economy principles, and active investment in advanced materials research. Harmonization of technical standards and certification pathways reduces barriers to cross border adoption, while a network of research centers and pilot facilities enables practical validation of eutectic solutions in building and industrial contexts. Industry consortia and public private partnerships accelerate development of scalable manufacturing processes and promote material formulations with recyclability and environmental compatibility. Combined attention to regulatory alignment, performance demonstration, and value chain integration reinforces Europe as a competitive region for mature and sustainable eutectic phase change material applications.

Germany Eutectic Phase Change Material Market

Eutectic Phase Change Material Market in Germany is driven by strong industrial demand for energy efficient solutions and deep expertise in materials engineering. Applications in building retrofits, industrial process heat management, and mobility systems require rigorously tested formulations with reliable long term performance. Collaboration between research institutions and specialized manufacturers supports industrial scale up and integration into engineered systems. Emphasis on quality, standards compliance, and lifecycle assessment shapes procurement decisions and encourages development of circular material solutions that align with industrial sustainability goals.

United Kingdom Eutectic Phase Change Material Market

Eutectic Phase Change Material Market in United Kingdom benefits from active innovation ecosystems and a focus on decarbonization in buildings and transport. Pilot projects and demonstration programs with public sector partners validate performance attributes and support market confidence. Academic research complements industry development in advanced encapsulation and composite approaches, enabling application in retrofit and new construction contexts. A strong services sector for system design and integration helps translate material performance into operational energy savings and resilience outcomes valued by institutional buyers and developers.

France Eutectic Phase Change Material Market

Eutectic Phase Change Material Market in France reflects priorities for energy efficiency, thermal comfort, and industrial process optimization. Research institutions and regional technology clusters contribute to formulation development and application specific testing. Demand is emerging across building systems, thermal storage applications, and specialized industrial uses where temperature regulation is critical. Market adoption is supported by collaboration among material suppliers, engineering firms, and end users to demonstrate operational benefits and to integrate eutectic solutions into broader energy management strategies.

Eutectic Phase Change Material Market By Geography
  • Largest
  • Fastest

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Eutectic Phase Change Material Market Dynamics

Drivers

Expansion Of Thermal Storage Applications

  • Improved availability of eutectic phase change formulations has enabled broader integration into building envelopes, HVAC systems, and industrial process heat management, supporting longer duration thermal regulation and peak load shifting. Manufacturers and designers appreciate consistent melting and solidification behavior that simplifies system design and reduces reliance on conventional materials. This practical compatibility with existing infrastructure accelerates adoption because stakeholders can retrofit or specify eutectic PCMs without extensive redesign, thereby lowering perceived implementation barriers and fostering demand from end users seeking reliable, passive temperature control solutions.

Advancements In Formulation Techniques

  • Refinements in eutectic PCM formulation techniques have improved thermal stability, phase transition sharpness, and compatibility with encapsulation media, enabling materials to perform reliably across varied service conditions. These advances reduce the risk of material degradation and leakage concerns, which reassures specifiers and end users about long-term functionality. As formulation science addresses prior limitations regarding repeatable cycling and interface stability, project designers gain confidence to incorporate these materials into energy management strategies, thereby expanding application scenarios and encouraging investment in systems that leverage phase change thermal storage.

Restraints

High Manufacturing Complexity And Costs

  • Complex production processes for eutectic PCMs, including precise purity control, careful blending, and specialized encapsulation, increase manufacturing complexity and constrain scalability, discouraging smaller producers from entering the market. The need for specialized equipment and skilled personnel elevates perceived barriers to production expansion and complicates quality assurance across batches. These factors limit rapid capacity growth and make large-scale, distributed manufacturing more challenging, which slows widespread availability and keeps project developers cautious when selecting materials that may involve longer lead times and more intricate supply chain coordination.

Regulatory And Standardization Uncertainties

  • Ambiguities in regulatory frameworks and the absence of widely accepted standards for performance testing, safety assessment, and labeling of eutectic PCMs create uncertainty for manufacturers and end users, slowing adoption. Without clear certification pathways and harmonized testing protocols, purchasers may hesitate to specify these materials in projects where compliance assurance is critical. The resulting cautious procurement behavior and slower incorporation into codes and specifications hinder market growth, as stakeholders prioritize proven, standardized solutions and may postpone commitment until regulatory clarity and uniform benchmarks emerge.

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Eutectic Phase Change Material Market Competitive Landscape

Competitive landscape for global eutectic phase change materials is driven by technology differentiation, strategic partnerships and targeted funding that accelerate commercialization and regional expansion across HVAC, data center cooling and cold chain. Incumbents pursue licensing and regional rollouts while chemical groups form commercialization alliances to scale BioPCM solutions; notable examples include DIC’s strategic partnership with Phase Change Solutions and Rubitherm’s regional expansion.

  • Cowa Thermal Solutions AG: Established in 2019, their main objective is commercialize compact thermal energy storage using eutectic phase change materials and system integration for heat pumps and urban building applications. Recent development: launched its first commercial product in 2023 and completed a financing round to expand production capacity and consolidate sales channels, positioning the company to supply compact PCM storage modules for installers and heat pump manufacturers while seeking broader European market entry.
  • Tan90 Thermal Solutions Private Limited: Established in 2019, their main objective is democratize cold chain and last mile refrigeration by delivering portable cold boxes powered by fast-charge eutectic thermal batteries and modular thermal battery packs. Recent development: secured early-stage investment and piloted a fast-charging eutectic thermal battery product for stackable portable cold boxes, demonstrating reduced charge times and field-ready deployments aimed at perishable logistics and vaccine distribution.

Top Player’s Company Profile

  • BASF
  • eutectic
  • phase change materials
  • Climator
  • BioPCM
  • Phase Change Energy Solutions
  • Advanced Phase Change Materials
  • Outlast Technologies
  • PCM Products
  • ThermoSafe
  • Phase Change Technologies
  • Rubitherm Technologies
  • MENERGY
  • PCM Energy
  • Cryopak
  • Cool Polymers
  • Thermal Energy Storage Solutions
  • EikoLogic
  • Henkel
  • Solvay

Recent Developments

  • Alexium International acquired Microtek Laboratories' microencapsulation and PCM business in December 2025, integrating Microtek's manufacturing, IP, and formulations to expand United States microencapsulation capacity and strengthen supply chain resiliency for PCM products aimed at textiles, packaging, and electronics thermal management, enabling faster product rollouts and deeper technical support for OEM customers.
  • Solstice Advanced Materials announced in December 2025 a Spokane expansion to expand manufacturing capacity and emphasized its PCM and thermal interface material portfolio for data centers and electronics, positioning the company to scale TIM and PCM supply while integrating automated quality controls and traceability to support high-volume semiconductor and data center thermal management customers.
  • Croda opened an advanced lipids manufacturing facility in March 2025 in Lamar, Pennsylvania, reinforcing raw-material capacity for bio-based PCM feedstocks and supporting its CrodaTherm bio-based PCM portfolio, enabling closer integration of sustainable feedstocks with microencapsulation and formulation services and accelerating customer qualification timelines for building, textile, and cold chain thermal management applications.

Eutectic Phase Change Material Key Market Trends

Eutectic Phase Change Material Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research. As per SkyQuest analysis, the global eutectic phase change material market is set for rapid expansion driven primarily by demand for decarbonization and greater energy efficiency, and further accelerated by materials engineering improvements that raise thermal conductivity and cycle stability. Growth is anchored by the eutectic solder segment which benefits from predictable melting behavior and electronics industry familiarity, while Asia Pacific dominates due to manufacturing capacity, research strength and proximity to high growth end uses. A key restraint remains high manufacturing complexity and costs related to purity control and encapsulation, which limit scale and slow adoption despite strong technical progress and policy tailwinds.

Report Metric Details
Market size value in 2024 USD 2.6 Billion
Market size value in 2033 USD 9.96 Billion
Growth Rate 16.1%
Base year 2024
Forecast period (2026-2033)
Forecast Unit (Value) USD Billion
Segments covered
  • Product Type
    • Eutectic Solder
    • Brazing Alloys
    • Others
  • Application
    • Automotive
    • Aerospace
    • Electronic and Electrical
    • Optoelectronic
    • Medical
    • Others
  • End User
    • Residential
    • Commercial
    • Industrial
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • BASF
  • eutectic
  • phase change materials
  • Climator
  • BioPCM
  • Phase Change Energy Solutions
  • Advanced Phase Change Materials
  • Outlast Technologies
  • PCM Products
  • ThermoSafe
  • Phase Change Technologies
  • Rubitherm Technologies
  • MENERGY
  • PCM Energy
  • Cryopak
  • Cool Polymers
  • Thermal Energy Storage Solutions
  • EikoLogic
  • Henkel
  • Solvay
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Eutectic Phase Change Material Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Eutectic Phase Change Material Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Eutectic Phase Change Material Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Eutectic Phase Change Material Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Eutectic Phase Change Material Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

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Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

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FAQs

Global Eutectic Phase Change Material Market size was valued at USD 2.6 Billion in 2024 and is poised to grow from USD 3.02 Billion in 2025 to USD 9.96 Billion by 2033, growing at a CAGR of 16.1% during the forecast period (2026-2033).

Competitive landscape for global eutectic phase change materials is driven by technology differentiation, strategic partnerships and targeted funding that accelerate commercialization and regional expansion across HVAC, data center cooling and cold chain. Incumbents pursue licensing and regional rollouts while chemical groups form commercialization alliances to scale BioPCM solutions; notable examples include DIC’s strategic partnership with Phase Change Solutions and Rubitherm’s regional expansion. 'BASF', 'eutectic', 'phase change materials', 'Climator', 'BioPCM', 'Phase Change Energy Solutions', 'Advanced Phase Change Materials', 'Outlast Technologies', 'PCM Products', 'ThermoSafe', 'Phase Change Technologies', 'Rubitherm Technologies', 'MENERGY', 'PCM Energy', 'Cryopak', 'Cool Polymers', 'Thermal Energy Storage Solutions', 'EikoLogic', 'Henkel', 'Solvay'

Improved availability of eutectic phase change formulations has enabled broader integration into building envelopes, HVAC systems, and industrial process heat management, supporting longer duration thermal regulation and peak load shifting. Manufacturers and designers appreciate consistent melting and solidification behavior that simplifies system design and reduces reliance on conventional materials. This practical compatibility with existing infrastructure accelerates adoption because stakeholders can retrofit or specify eutectic PCMs without extensive redesign, thereby lowering perceived implementation barriers and fostering demand from end users seeking reliable, passive temperature control solutions.

Decarbonization Driven Adoption: Organizations pursuing low carbon solutions increasingly favor eutectic phase change materials for passive thermal buffering and load shifting in buildings and industrial systems. Integration with renewable generation enhances operational flexibility and supports decarbonization goals by smoothing intermittency and reducing reliance on active heating. Demand from retrofit and construction segments is rising as stakeholders prioritize lifecycle energy performance. Procurement preferences emphasize materials that enable peak load reduction and improved renewables utilization, stimulating collaboration across supply chains, formulation development for thermal profiles.

Why does Asia Pacific Dominate the Global Eutectic Phase Change Material Market? |@12
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