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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 Market Research Future analysis, the US phase change materials market size was estimated at 425.0 USD Million in 2024. The US phase change-materials market is projected to grow from 502.31 USD Million in 2025 to 2671.66 USD Million by 2035, exhibiting a compound annual growth rate (CAGR) of 18.1% during the forecast period 2025 - 2035

Key Market Trends & Highlights

The US phase change materials market is poised for growth driven by energy efficiency and innovative applications.

  • The market experiences rising demand for energy efficiency across various sectors.
  • Innovative applications in construction are expanding the use of phase change materials in building designs.
  • Consumer awareness regarding sustainability is influencing purchasing decisions in the market.
  • Key drivers include the growing focus on renewable energy and advancements in building technologies.

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

US Phase Change Materials Market Trends

The phase change materials market is currently experiencing notable growth, 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 emphasis on sustainability and reducing energy consumption is prompting industries to explore innovative applications of phase change materials. As a result, manufacturers are investing in research and development to enhance the performance and versatility of these materials, which may lead to new opportunities in the market. In addition, regulatory frameworks and incentives aimed at promoting energy efficiency are likely to bolster the adoption of phase change materials. The construction sector, in particular, appears to be a significant contributor to market expansion, as builders seek to comply with stringent energy codes. Furthermore, the growing awareness of climate change and the need for sustainable practices are influencing consumer preferences, thereby driving demand for products that incorporate phase change materials. Overall, the phase change-materials market is poised for continued growth, with various sectors recognizing the potential benefits of these innovative materials.

Rising Demand for Energy Efficiency

The phase change-materials market is witnessing an increase in demand for energy-efficient solutions. Industries are focusing on reducing energy consumption, leading to greater interest in materials that can effectively manage thermal energy.

Innovative Applications in Construction

There is a growing trend of integrating phase change materials into construction practices. Builders are adopting these materials to enhance energy efficiency in buildings, aligning with regulatory requirements and sustainability goals.

Consumer Awareness and Sustainability

As awareness of climate change rises, consumers are increasingly seeking sustainable products. This shift in consumer behavior is driving demand for phase change materials, as they offer eco-friendly solutions in various applications.

Market Segment Insights

By Type: Organic (Largest) vs. Inorganic (Fastest-Growing)

In the US phase change-materials market, the distribution of the type segment highlights organic materials as the largest segment, given their broad applicability and favorable properties. Organic phase change materials are predominantly used in temperature-sensitive applications, offering significant thermal stability and efficiency. Conversely, inorganic materials are gaining traction due to their superior thermal performance and affordability, positioning them as a fast-growing segment within the market. Growth trends for these segments are driven by the increasing demand for energy-efficient solutions in various industries, including construction, textiles, and electronics. The rising focus on sustainability is propelling innovation in organic phase change materials, while the cost-effectiveness and high thermal conductivity of inorganic materials are enhancing their market presence. As energy efficiency becomes crucial, both segments are expected to evolve significantly over the next few years.

Organic (Dominant) vs. Inorganic (Emerging)

Organic phase change materials dominate the US phase change-materials market due to their versatile applications and excellent thermal performance. They are widely utilized in applications such as building insulation, thermal energy storage, and textiles, making them essential for enhancing energy efficiency. In contrast, inorganic materials represent the emerging frontier in this market. With advantages such as higher thermal conductivities and lower costs, inorganic phase change materials are seeing increased adoption, especially in large-scale industrial applications. As both segments evolve, distinct technological advancements and applications will determine their competitive landscape, with organic materials maintaining a robust market presence while inorganic materials rapidly ascend.

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

In the US phase change-materials market, the application segments are witnessing notable variations in market share. Building and Construction emerges as the largest segment, capitalizing on the demand for energy-efficient solutions in residential and commercial buildings. Meanwhile, HVAC systems are rapidly gaining traction, driven by increasingly stringent energy regulations and a growing focus on sustainability, positioning this segment for substantial growth. Growth trends in these segments are fueled by technological advancements and rising consumer awareness regarding energy conservation. Building and Construction is increasingly incorporating phase change materials to enhance thermal comfort and reduce energy costs. In contrast, the HVAC sector, while smaller in share, is expected to expand rapidly as innovative cooling and heating solutions become more prevalent, highlighting a shift toward eco-friendly applications in the market.

Building and Construction: Dominant vs. HVAC: Emerging

Building and Construction as a dominant segment in the US phase change-materials market focuses on integrating sustainable materials into construction practices. With a substantial emphasis on energy efficiency, phase change materials are being utilized in walls, roofs, and flooring to regulate indoor temperatures effectively. This sector benefits from large-scale adoption and awareness among builders and consumers alike. Conversely, the HVAC segment is emerging rapidly due to technological innovations that enhance system efficiency and reduce environmental impact. The integration of phase change materials in HVAC systems is transforming traditional practices, positioning them as a vital part of modern heating and cooling technologies.

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 Dow Inc. (US) are strategically positioned to leverage their extensive research and development capabilities to innovate and enhance product offerings. These companies are focusing on sustainability and digital transformation, which are becoming essential in shaping their operational strategies. The collective efforts of these firms contribute to a moderately fragmented market structure, where competition is intensifying as companies seek to differentiate themselves through technological advancements and strategic partnerships.

In terms of business tactics, companies are increasingly localizing manufacturing to reduce lead times and optimize supply chains. This approach not only enhances operational efficiency but also aligns with the growing consumer preference for locally sourced products. The competitive structure of the market remains moderately fragmented, with several players vying for market share. The influence of key players is significant, as their strategic initiatives often set industry standards and drive innovation.

In October 2025, Honeywell International Inc. (US) announced the launch of a new line of phase change materials designed specifically for the HVAC industry. This strategic move is expected to enhance energy efficiency in residential and commercial buildings, aligning with the growing emphasis on sustainability. By targeting the HVAC sector, Honeywell aims to capitalize on the increasing regulatory pressures for energy-efficient solutions, thereby reinforcing its market position.

In September 2025, Dow Inc. (US) expanded its partnership with a leading construction firm to integrate phase change materials into building materials. This collaboration is significant as it not only broadens Dow's product portfolio but also positions the company as a key player in the sustainable construction market. The integration of these materials is likely to enhance thermal performance, thereby reducing energy consumption in buildings.

In August 2025, Phase Change Energy Solutions Inc. (US) secured a contract to supply phase change materials for a large-scale renewable energy project. This contract underscores the growing recognition of phase change materials in energy storage applications, particularly in renewable energy systems. The strategic importance of this move lies in its potential to enhance the efficiency of energy storage solutions, thereby supporting the transition to a more sustainable energy landscape.

As of November 2025, current trends in the phase change-materials market are increasingly defined by digitalization, sustainability, and the integration of artificial intelligence. Strategic alliances are becoming more prevalent, as companies recognize the need to collaborate to enhance innovation and market reach. Looking ahead, competitive differentiation is likely to evolve from traditional price-based competition to a focus on innovation, technology, and supply chain reliability. This shift indicates a broader trend where companies that prioritize sustainable practices and technological advancements will likely emerge as leaders in the market.

Key Companies in the US Phase Change Materials 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 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 advanced thermal energy storage systems for commercial buildings.
  • Integration of phase change materials in electric vehicle battery systems.
  • Expansion of smart building technologies utilizing phase change materials for temperature regulation.

By 2035, the market is expected to achieve substantial growth, driven by innovative applications and increasing demand.

Market Segmentation

US Phase Change Materials Market Type Outlook

  • Organic
  • Inorganic
  • Others

US Phase Change Materials Market Application Outlook

  • Building and Construction
  • HVAC
  • Cold Chain & Packaging
  • Electronics
  • Textiles
  • Others

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 Profiled["BASF SE (DE)", "Honeywell International Inc. (US)", "Dow Inc. (US)", "Phase Change Energy Solutions Inc. (US)", "Rubitherm Technologies GmbH (DE)", "Climator Sweden AB (SE)", "Microtek Laboratories Inc. (US)", "PCM Products Inc. (US)"]
Segments CoveredType, Application
Key Market OpportunitiesGrowing demand for energy-efficient solutions drives innovation in the phase change-materials market.
Key Market DynamicsRising demand for energy-efficient solutions drives innovation in phase change-materials technology and applications.
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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