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US Phase Change Materials Market

ID: MRFR/CnM/19030-HCR
111 Pages
Snehal Singh
October 2025

US Phase Change Materials Market Research Report: By Type (Organic, Inorganic, Others) and By Application (Building and Construction, HVAC, Cold Chain & Packaging, Organic, Inorganic, Electronics, Textiles, Others) - Forecast to 2035

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US Phase Change Materials Market Summary

As per analysis, the US phase change materials market is projected to grow from USD 502.31 Million in 2025 to USD 2,671.66 Million by 2035, exhibiting a compound annual growth rate (CAGR) of 18.19% during the forecast period (2025 - 2035).

Key Market Trends & Highlights

The US phase change materials market is poised for substantial growth driven by energy efficiency and technological advancements.

  • The building and construction segment remains the largest contributor to the US phase change materials market, reflecting a strong trend towards energy-efficient solutions.
  • Electronics is identified as the fastest-growing segment, indicating a rising demand for advanced thermal management solutions in electronic devices.
  • Organic phase change materials dominate the market, while inorganic phase change materials are experiencing rapid growth due to their unique properties.
  • Key market drivers include the growing demand for energy efficiency and supportive government policies that promote sustainable building practices.

Market Size & Forecast

2024 Market Size 425.0 (USD Million)
2035 Market Size 2671.66 (USD Million)
CAGR (2025 - 2035) 18.19%

Major Players

BASF SE (DE), Honeywell International Inc. (US), Phase Change Energy Solutions Inc. (US), Dow Inc. (US), Climator Sweden AB (SE), Rubitherm Technologies GmbH (DE), Microtek Laboratories Inc. (US), PCM Products Inc. (US)

US Phase Change Materials Market Trends

The US phase change materials market is currently experiencing a notable evolution, driven by increasing demand for energy-efficient solutions across various sectors. These materials, which absorb and release thermal energy during phase transitions, are being integrated into building materials, textiles, and electronics. The growing emphasis on sustainability and energy conservation is propelling innovations in this field, as stakeholders seek to reduce energy consumption and enhance thermal management. Furthermore, government initiatives aimed at promoting energy efficiency are likely to bolster the adoption of phase change materials in residential and commercial applications. In addition to energy efficiency, the US phase change materials market is witnessing advancements in material technology. Research and development efforts are focused on enhancing the performance and versatility of these materials, leading to the emergence of new formulations and applications. This trend is particularly evident in the construction industry, where phase change materials are being utilized to improve indoor climate control and reduce reliance on traditional heating and cooling systems. As awareness of the benefits of phase change materials continues to grow, their integration into various products and systems is expected to expand, potentially transforming energy management practices in the US.

Increased Adoption in Building Sector

The US phase change materials market is seeing a rise in the use of these materials within the construction industry. Builders and architects are increasingly incorporating phase change materials into building designs to enhance energy efficiency and thermal comfort. This trend is likely to continue as energy codes become more stringent and the demand for sustainable building practices grows.

Technological Advancements

Innovations in material science are driving the development of advanced phase change materials in the US. Researchers are exploring new formulations that offer improved thermal performance and greater adaptability for various applications. This trend suggests a potential for enhanced product offerings that could cater to diverse market needs.

Government Support and Regulations

The US government is actively promoting energy efficiency through various initiatives and regulations. This support is likely to encourage the adoption of phase change materials across multiple sectors, including residential, commercial, and industrial applications. As policies evolve, the market may experience accelerated growth due to increased funding and incentives for energy-efficient technologies.

Market Segment Insights

By Application: Building and Construction (Largest) vs. Electronics (Fastest-Growing)

In the US phase change materials market, the application segments are primarily dominated by Building and Construction, which holds the largest market share. This segment benefits significantly from the increasing demand for energy-efficient designs and sustainable construction practices. Subsequently, Electronics is emerging with a rapid growth trajectory, fueled by innovations in thermal management solutions for consumer electronics and industrial applications.

Building and Construction (Dominant) vs. Electronics (Emerging)

Building and Construction serves as the dominant application in the US phase change materials market, primarily due to its established role in enhancing energy efficiency and sustainable practices in architecture. These materials regulate temperature, reducing heating and cooling costs. On the other hand, Electronics, categorized as an emerging application, showcases rapid adoption rates. The surge in miniaturization of electronic devices necessitates advanced thermal regulation solutions, intensifying the demand for phase change materials to manage heat dissipation in compact designs.

By Material Type: Organic Phase Change Materials (Largest) vs. Inorganic Phase Change Materials (Fastest-Growing)

In the US phase change materials market, organic phase change materials hold the largest share, reflecting their widespread adoption in various sectors such as building materials, textiles, and electronics. Their favorable thermal properties, ease of formulation, and non-toxic nature contribute to their dominance, catering to a growing demand for energy-efficient solutions. Conversely, inorganic phase change materials are gaining traction as the fastest-growing segment, driven by their superior thermal performance and cost-effectiveness. As industries look for reliable heat storage solutions, these materials are increasingly being integrated into diverse applications.

Organic Phase Change Materials (Dominant) vs. Inorganic Phase Change Materials (Emerging)

Organic phase change materials are characterized by their safe, non-toxic nature, making them suitable for consumer applications, along with excellent thermal performance. They are often derived from natural products, which enhances their appeal within environmentally conscious markets. Alternatively, inorganic phase change materials, which usually consist of salt hydrates or other chemicals, are recognized for their higher thermal storage capacity. As newer formulations are developed to mitigate issues like supercooling, they are positioned as an emerging choice for high-performance applications, especially in sectors demanding scalable and efficient thermal management solutions.

By End Use: Residential (Largest) vs. Commercial (Fastest-Growing)

In the US phase change materials market, the segment distribution reveals that residential applications hold the largest market share. This dominance is primarily due to the increasing demand for energy-efficient solutions in heating and cooling systems of homes. The growing emphasis on sustainability and reducing energy consumption has further propelled the adoption of phase change materials in residential settings. On the other hand, the commercial segment is emerging as the fastest-growing area within the market. Factors such as the escalating need for energy conservation in commercial buildings and the integration of advanced HVAC systems play crucial roles in this growth. As businesses strive for greater energy efficiency, the use of phase change materials is expected to rise sharply, offering innovative solutions for temperature regulation and energy savings.

Residential (Dominant) vs. Transportation (Emerging)

The residential segment of the US phase change materials market is characterized by its broad application in building materials, insulation systems, and HVAC systems, making it the dominant end use. Homeowners are increasingly investing in technologies that enhance energy efficiency and comfort, leading to a robust demand for phase change materials. In contrast, the transportation segment, while emerging, is gaining momentum as manufacturers explore the benefits of phase change materials for temperature-sensitive cargo and overall vehicle efficiency. The ability of these materials to regulate temperature can significantly improve the performance of electric vehicles and refrigerated transport, making it a vital area for future developments.

By Form: Microcapsules (Largest) vs. Powders (Fastest-Growing)

In the US phase change materials market, the distribution of market share among the forms reveals microcapsules as the dominant segment, driven by their versatile applications in various industries including construction and textiles. Films and bulk materials also hold significant shares, catering to specific needs while showcasing a balanced competition among forms. Powders, though currently smaller in market slice, exhibit rapidly increasing adoption, particularly in the energy storage sector, reflecting shifts in consumer preferences and innovation in product quality.

Microcapsules (Dominant) vs. Powders (Emerging)

Microcapsules have established themselves as the dominant form in the US phase change materials market due to their unique properties, such as high energy storage capacity and compatibility with a wide range of substrates. They are extensively used in temperature control for textiles and building materials, facilitating better thermal management. On the other hand, powders are emerging as a significant player, primarily fueled by the growing interest in energy-efficient solutions. Their adaptability allows for easy incorporation into various applications, making them a favorable option for industries seeking cost-effective phase change materials. As innovations continue, both forms are expected to evolve, shaping the future landscape of the market.

By Thermal Properties: Latent Heat (Largest) vs. Melting Point (Fastest-Growing)

In the US phase change materials market, Latent Heat is the largest segment, accounting for the majority share due to its significant application in thermal energy storage and temperature regulation systems. Melting Point, on the other hand, is a rapidly growing segment, driven by increased demand for materials that can operate efficiently at specific temperatures, which is critical in various industrial and commercial uses. These properties are increasingly vital as industries look for tailored solutions for energy efficiency and management. The growth trends within these segments highlight a clear preference for materials that exhibit optimal Latent Heat properties, ensuring effective energy management. Simultaneously, advancements in material science are propelling the development of Phase Change Materials with customized Melting Points. Innovations focused on sustainability and energy conservation are further accelerating the demand, especially in sectors like construction and refrigeration where these properties play a pivotal role in enhancing energy efficiency and reducing costs.

Latent Heat: Dominant vs. Melting Point: Emerging

Latent Heat is recognized as the dominant segment within the US phase change materials market, due to its unparalleled effectiveness in facilitating energy transfer during phase transitions. This property ensures that thermal energy is stored and released efficiently, making it essential for applications in temperature-sensitive processes. In contrast, Melting Point represents an emerging trend, gaining traction among manufacturers seeking materials with defined phase change characteristics for specific applications. The focus on precision in thermal management in industries like HVAC and renewable energy is driving innovations in Melting Point materials. As market demands evolve, both segments showcase distinct yet complementary characteristics, with Latent Heat leading in established applications while Melting Point materials adapt to meet future energy efficiency needs.

Get more detailed insights about US Phase Change Materials Market

Key Players and Competitive Insights

The phase change materials market is currently characterized by a dynamic competitive landscape, driven by increasing demand for energy-efficient solutions across various sectors, including construction, electronics, and textiles. Key players such as BASF SE (DE), Honeywell International Inc. (US), and Phase Change Energy Solutions Inc. (US) are strategically positioning themselves through innovation and partnerships. For instance, BASF SE (DE) has focused on enhancing its product portfolio with advanced materials that offer superior thermal management properties, while Honeywell International Inc. (US) emphasizes digital transformation to optimize its supply chain and improve customer engagement. These strategies collectively contribute to a competitive environment that is increasingly focused on sustainability and technological advancement.

In terms of business tactics, companies are localizing manufacturing to reduce lead times and enhance responsiveness to market demands. Supply chain optimization remains a critical focus, particularly in light of recent global disruptions. The market structure appears moderately fragmented, with several players vying for market share, yet the influence of major companies is substantial, shaping trends and setting benchmarks for innovation and quality.

In November 2025, Honeywell International Inc. (US) announced a partnership with a leading construction firm to integrate phase change materials into smart building technologies. This collaboration is poised to enhance energy efficiency in new developments, reflecting Honeywell's commitment to sustainability and innovation. The strategic importance of this partnership lies in its potential to position Honeywell as a leader in the smart building sector, leveraging phase change materials to meet growing regulatory and consumer demands for energy-efficient solutions.

In October 2025, Phase Change Energy Solutions Inc. (US) launched a new line of bio-based phase change materials aimed at the food packaging industry. This initiative not only aligns with the increasing consumer preference for sustainable products but also showcases the company's commitment to innovation in material science. The introduction of bio-based options could significantly enhance the company's market appeal, particularly among environmentally conscious consumers and businesses.

In September 2025, Dow Inc. (US) expanded its research and development capabilities by opening a new facility dedicated to the development of advanced phase change materials. This investment underscores Dow's strategic focus on innovation and its intent to lead in the development of next-generation thermal management solutions. The establishment of this facility is likely to accelerate product development cycles and enhance Dow's competitive positioning in the market.

As of December 2025, current competitive trends indicate a strong emphasis on digitalization, sustainability, and the integration of AI technologies within the phase change materials market. Strategic alliances are increasingly shaping the landscape, enabling companies to leverage complementary strengths and enhance their market offerings. Looking ahead, competitive differentiation is expected to evolve, with a notable shift from price-based competition towards innovation, technological advancements, and supply chain reliability. This transition suggests that companies that prioritize R&D and sustainable practices will likely emerge as leaders in the market.

Key Companies in the US Phase Change Materials Market market include

Industry Developments

The US Phase Change Materials Market has seen significant activities recently, with increased interest from various companies such as Eutectix, BASF, and Honeywell. In September 2023, Microtek Laboratories announced an expansion in its production capabilities to meet the rising demand for energy-efficient solutions. Current affairs reflect a growing emphasis on sustainable building materials, driven by governmental initiatives aimed at reducing carbon footprints. The market valuation is reportedly on an upward trajectory as companies like Phase Change Energy Solutions and Climalife experience increased investments and partnerships aimed at enhancing technological advancements in the sector.

Notably, in August 2023, Markel Corporation acquired a local startup focused on innovative phase change solutions, diversifying their portfolio and strengthening their market position. Recent years have illustrated a trend towards integrating phase change materials in various applications, especially in energy storage sectors, with a notable growth rate since 2021. Such developments signal a burgeoning market poised for further expansion as companies continue to innovate and align with sustainability goals outlined by national policies.

Future Outlook

US Phase Change Materials Market Future Outlook

The US phase change materials market is projected to grow at an 18.19% CAGR from 2024 to 2035, driven by energy efficiency demands and technological advancements.

New opportunities lie in:

  • Development of bio-based phase change materials for sustainable applications.
  • Integration of phase change materials in smart building technologies.
  • Expansion into thermal energy storage solutions for renewable energy systems.

By 2035, the market is expected to be robust, driven by innovation and increasing adoption across various sectors.

Market Segmentation

US Phase Change Materials Market Form Outlook

  • Microcapsules
  • Bulk
  • Films
  • Powders

US Phase Change Materials Market End Use Outlook

  • Residential
  • Commercial
  • Industrial
  • Transportation

US Phase Change Materials Market Application Outlook

  • Building and Construction
  • Electronics
  • Textiles
  • Cold Chain Storage
  • Energy Storage

US Phase Change Materials Market Material Type Outlook

  • Organic Phase Change Materials
  • Inorganic Phase Change Materials
  • Bio-based Phase Change Materials
  • Salt Hydrates

US Phase Change Materials Market Thermal Properties Outlook

  • Melting Point
  • Heat Capacity
  • Thermal Conductivity
  • Latent Heat

Report Scope

MARKET SIZE 2024425.0(USD Million)
MARKET SIZE 2025502.31(USD Million)
MARKET SIZE 20352671.66(USD Million)
COMPOUND ANNUAL GROWTH RATE (CAGR)18.19% (2024 - 2035)
REPORT COVERAGERevenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR2024
Market Forecast Period2025 - 2035
Historical Data2019 - 2024
Market Forecast UnitsUSD Million
Key Companies ProfiledBASF SE (DE), Honeywell International Inc. (US), Phase Change Energy Solutions Inc. (US), Dow Inc. (US), Climator Sweden AB (SE), Rubitherm Technologies GmbH (DE), Microtek Laboratories Inc. (US), PCM Products Inc. (US)
Segments CoveredApplication, Material Type, End Use, Form, Thermal Properties
Key Market OpportunitiesGrowing demand for energy-efficient building materials drives innovation in the US phase change materials market.
Key Market DynamicsRising demand for energy-efficient solutions drives innovation in the US phase change materials market.
Countries CoveredUS

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FAQs

What is the expected market size of the US Phase Change Materials Market in 2024?

The US Phase Change Materials Market is expected to be valued at 150.0 million USD in 2024.

What will the market value of the US Phase Change Materials Market be by 2035?

By 2035, the US Phase Change Materials Market is projected to reach a valuation of 3000.0 million USD.

What is the expected compound annual growth rate (CAGR) for the US Phase Change Materials Market from 2025 to 2035?

The expected CAGR for the US Phase Change Materials Market from 2025 to 2035 is 31.303%.

What are the market values for organic phase change materials in 2024 and 2035?

In 2024, organic phase change materials are valued at 60.0 million USD, and are expected to grow to 1200.0 million USD by 2035.

What will be the market size for inorganic phase change materials by 2035?

The market size for inorganic phase change materials is forecasted to reach 1500.0 million USD by 2035.

Who are the key players in the US Phase Change Materials Market?

Major players in the US Phase Change Materials Market include Eutectix, BASF, Microtek Laboratories, and Honeywell.

What are the predicted values for other phase change materials from 2024 to 2035?

The 'Others' category of phase change materials is expected to increase from 20.0 million USD in 2024 to 300.0 million USD in 2035.

What are the growth drivers for the US Phase Change Materials Market?

Key growth drivers for the market include increasing energy efficiency demands and advancements in material technologies.

What application areas are expanding for phase change materials in the US?

Phase change materials are seeing expanding applications in thermal energy storage, building materials, and temperature regulation.

What challenges does the US Phase Change Materials Market currently face?

Challenges include high production costs and the need for more widespread adoption of phase change technology.

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