The Global Advanced Phase Change Materials (PCM) Market was valued at USD 1,664.54 Million in 2023 and is projected to reach USD 3,267.95 Million by 2029, growing at a Compound Annual Growth Rate (CAGR) of 11.90% during the forecast period (2024-2029). This significant growth is being driven by the global push for energy efficiency, stringent building codes, the electrification of transport, and the accelerating adoption of bio-based and inorganic PCM formulations across construction, cold chain logistics, and electronics sectors.

As industries worldwide intensify their focus on sustainability and energy conservation, the spotlight is on the key material developers and suppliers who are driving innovation, performance, and cleaner thermal management solutions. In this blog, we profile the Top 10 Companies in the Advanced Phase Change Materials Industry—a mix of chemical giants, specialized material innovators, and thermal management pioneers shaping the future of energy storage technologies.

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🔟 1. BASF

Headquarters: Ludwigshafen, Germany
Key Offering: Micronal® PCM, inorganic salt hydrates, organic paraffins

BASF is the global leader in advanced PCM technologies, offering a comprehensive portfolio for building applications, temperature-controlled packaging, and textiles. Their Micronal® technology is widely adopted in construction materials for passive cooling and heating applications.

Sustainability Initiatives:

• Closed-loop recycling for PCM products

• Bio-based PCM development initiatives

• Carbon-neutral production targets by 2050

Download FREE Sample Report: Global Advanced Phase Change Materials (PCM) Market – View in Detailed Research Report

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9️⃣ 2. Honeywell

Headquarters: Charlotte, North Carolina, USA
Key Offering: EnerLogic™ PCM, inorganic salt hydrates, microencapsulated PCM

Honeywell provides advanced PCM solutions for building efficiency, refrigeration systems, and industrial thermal management. Their EnerLogic™ PCM is designed for building envelope applications to reduce HVAC energy consumption.

Sustainability Initiatives:

• Development of non-flammable PCM formulations

• Strategic partnerships for cold chain applications

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8️⃣ 3. Cryopak

Headquarters: Edison, New Jersey, USA
Key Offering: Phasecore® PCM, temperature-stable packaging, bio-PCM

Cryopak specializes in temperature-controlled packaging solutions using advanced PCM technology. The company serves pharmaceutical, food, and biotech industries with reliable thermal management products.

Sustainability Initiatives:

• Bio-derived PCM materials development

• Reusable PCM packaging systems

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7️⃣ 4. Entropy Solutions Inc.

Headquarters: Plymouth, Minnesota, USA
Key Offering: PureTemp® bio-based PCM, thermal storage systems

Entropy Solutions is a leading innovator in bio-based PCM technologies, offering sustainable thermal storage solutions derived from plant-based materials.

Sustainability Initiatives:

• 100% bio-based and biodegradable PCM products

• Focus on carbon footprint reduction in cold chain logistics

Download FREE Sample Report: Global Advanced Phase Change Materials (PCM) Market – View in Detailed Research Report

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6️⃣ 5. Climator Sweden AB

Headquarters: Gothenburg, Sweden
Key Offering: ClimCel PCM, textile-integrated PCM, building PCM

Climator Sweden AB develops advanced PCM technologies for building construction, textiles, and industrial applications. Their ClimCel technology is designed for integration into building materials and HVAC systems.

Sustainability Initiatives:

• Renewable PCM material sourcing

• Energy efficiency optimization in Scandinavian buildings

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5️⃣ 6. Phase Change Energy Solutions

Headquarters: Asheboro, North Carolina, USA
Key Offering: BioPCM®, inorganic PCM, MicroTek® microencapsulated PCM

Phase Change Energy Solutions specializes in bio-based PCM products for building applications. Their BioPCM® technology utilizes natural materials for thermal energy storage.

Sustainability Initiatives:

• USDA Certified Biobased Product label

• Recyclable PCM product design

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4️⃣ 7. Outlast Technologies

Headquarters: Boulder, Colorado, USA
Key Offering: Thermocules® microencapsulated PCM, textile applications

Outlast Technologies pioneered PCM applications in textiles and apparel, offering temperature-regulating fabrics and materials for various applications.

Sustainability Initiatives:

• PCM integration into sustainable apparel

• Development of phase change temperature controls for consumer goods

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3️⃣ 8. Dow Building Solutions

Headquarters: Midland, Michigan, USA
Key Offering: PCM-enhanced building materials, thermal storage panels

Dow Building Solutions develops PCM-enhanced construction materials for improved building energy efficiency. Their products include wallboards, panels, and insulation with integrated phase change capabilities.

Sustainability Initiatives:

• PCM integration for net-zero building design

• Energy conservation solutions for residential and commercial construction.

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2️⃣ 9. Chemours Company

Headquarters: Wilmington, Delaware, USA
Key Offering: PCM for temperature management, thermal energy storage systems

Chemours Company offers advanced thermal management solutions including PCM technologies for various industrial applications with focus on sustainable chemistry.

Sustainability Initiatives:

• Sustainable material development for thermal applications

• Global distribution and technical support network

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1️⃣ 10. Rubitherm Technologies GmbH

Headquarters: Berlin, Germany
Key Offering: RT series organic PCM, inorganic salt hydrates, custom PCM formulations

Rubitherm Technologies is a specialized PCM manufacturer offering customized thermal energy storage solutions for various temperature ranges and applications.

Sustainability Initiatives:

• Research into non-toxic PCM formulations

• Solutions for renewable energy storage and waste heat recovery.

Read Full Report: Global Advanced Phase Change Materials (PCM) Market – View in Detailed Research Report

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🌍 Outlook: The Future of Advanced PCM Is Efficient and Sustainable

The advanced PCM market is undergoing a transformative evolution. While conventional materials still dominate applications, the industry is increasingly investing in bio-based formulations, advanced encapsulation technologies, and building-integrated thermal storage systems.

📈 Key Trends Shaping the Market:

• Accelerated adoption in green building standards and certifications

• Growing demand for PCM in electric vehicle battery thermal management

• Increased R&D investment in inorganic and hybrid PCM systems

• Expansion of PCM applications in data center cooling and 5G infrastructure

• Smart building integration with IoT-enabled PCM thermal control systems

Read Full Report: Global Advanced Phase Change Materials (PCM) Market – View in Detailed Research Report

The companies listed above are not only supplying thermal management solutions—they’re pioneering the energy efficiency revolution across global industries.