Top 10 Companies in the Bio‑derived Organic Phase Change Material (PCM) for Thermal Storage Market (2026): Market Leaders Powering Global Energy Storage

MARKET INSIGHTS

Global Bio‑derived Organic Phase Change Material (PCM) for Thermal Storage Market size was valued at USD 1.87 billion in 2025. The market is projected to grow from USD 2.06 billion in 2026 to USD 4.94 billion by 2034, exhibiting a CAGR of 10.2% during the forecast period.

Bio‑derived organic phase change materials are naturally sourced substances—primarily derived from vegetable oils, fatty acids, and animal fats—that absorb and release thermal energy during phase transitions, typically between solid and liquid states. These materials serve as sustainable alternatives to petroleum‑based PCMs in thermal energy storage systems, offering advantages such as biodegradability, low toxicity, and a tunable melting point range. Common bio‑derived organic PCMs include coconut oil‑based fatty acids, palm‑derived stearic acid, soy‑based paraffin alternatives, and beeswax compounds, all of which are widely utilized across building insulation, cold chain logistics, textiles, and renewable energy storage applications.

The market is gaining significant momentum, driven by escalating global demand for sustainable energy storage solutions, stringent environmental regulations targeting carbon neutrality, and rapid expansion of the green building sector. Furthermore, the growing integration of thermal energy storage in solar power systems and the rising adoption of bio‑based materials across the construction and packaging industries are reinforcing market growth. Key industry participants such as Croda International Plc, Sasol Limited, and Phase Change Energy Solutions are actively advancing product innovation and expanding their bio‑derived PCM portfolios to address evolving market requirements.

Bio‑derived Organic Phase Change Material (PCM) for Thermal Storage Market – View in Detailed Research Report

TOP 10 COMPANIES

1. Entropy Solutions Inc. (PureTemp)

   Headquarters: San Diego, California, USA
   Key Offering: PureTemp bio‑derived PCM blends with engineered melting points for building and cold chain applications

   Entropy Solutions has pioneered a portfolio of high‑purity fatty acid PCMs that deliver consistent latent heat while maintaining biodegradability and low toxicity. Their PureTemp line is widely used in wall panels, floor systems, and temperature‑controlled packaging.

   Sustainability & Growth Initiatives: Investment in second‑generation feedstocks, partnership with circular bioeconomy programs, and continuous R&D to reduce supercooling.

   • Carbon‑neutral supply chain certification
   • Expansion of microencapsulation technologies for textiles
   • Collaboration with LEED‑certified construction projects

2. Croda International Plc

   Headquarters: London, United Kingdom
   Key Offering: Bio‑based fatty acids and esters for high‑performance PCM applications

   Croda’s extensive expertise in fatty acid chemistry enables the production of high‑purity PCM feedstocks that meet stringent performance and sustainability standards.

   Sustainability & Growth Initiatives: Commitment to 100% renewable electricity, partnership with EU Green Deal initiatives, and development of palm‑free PCM blends.

   • Zero‑waste manufacturing processes
   • Investment in plant‑based feedstock research
   • Supply‑chain traceability for certified sustainable palm oil

3. Evonik Industries AG

   Headquarters: Essen, Germany
   Key Offering: Micronal PCM series for building and HVAC thermal storage

   Evonik’s Micronal products provide reliable phase‑change performance with enhanced thermal conductivity for large‑scale building applications.

   Sustainability & Growth Initiatives: Integration of renewable biobased feedstocks, carbon‑capture in production, and support for BREEAM‑certified projects.

   • Carbon‑negative production line
   • Advanced encapsulation for high‑temperature resilience
   • Strategic alliances with European construction firms

4. Rubitherm Technologies GmbH

   Headquarters: Augsburg, Germany
   Key Offering: Bio‑PCM solutions for solar thermal and building envelope applications

   Rubitherm’s PCM portfolio includes both bulk and microencapsulated forms, enabling integration into concrete, plaster, and coating systems.

   Sustainability & Growth Initiatives: Focus on low‑energy manufacturing, partnership with German renewable energy projects, and continuous improvement of thermal conductivity.

   • Solar thermal integration in CSP plants
   • High‑conductivity additive development
   • Collaboration with EU research consortia

5. Pluss Advanced Technologies Pvt. Ltd.

   Headquarters: Mumbai, India
   Key Offering: Paraffin‑hybrid and bio‑based PCM blends for cold chain logistics

   Pluss offers a range of PCM products tailored for pharmaceutical and food‑grade temperature control, combining cost‑effectiveness with sustainability.

   Sustainability & Growth Initiatives: Use of waste animal fats, partnership with Indian cold‑chain startups, and participation in national green procurement programs.

   • Waste‑derived feedstock utilization
   • Certification for pharmaceutical compliance
   • Expansion into emerging markets in Southeast Asia

6. Phase Change Energy Solutions

   Headquarters: San Jose, California, USA
   Key Offering: Integrated PCM solutions for building envelopes and HVAC systems

   Phase Change Energy Solutions delivers turnkey PCM systems that reduce peak HVAC loads and improve indoor comfort.

   Sustainability & Growth Initiatives: Development of smart building integration, participation in LEED and WELL certification programs, and R&D on high‑temperature PCMs.

   • Smart building IoT integration
   • Carbon‑neutral product lifecycle
   • Partnership with commercial real‑estate developers

7. Microtek Laboratories Inc.

   Headquarters: Seattle, Washington, USA
   Key Offering: Microencapsulated bio‑derived PCMs for textiles and construction

   Microtek specializes in encapsulated PCMs that can be incorporated into fabrics, panels, and coatings without leakage.

   Sustainability & Growth Initiatives: Use of biodegradable encapsulation shells, collaboration with sustainable apparel brands, and research into graphene‑enhanced composites.

   • Biodegradable polymer shells
   • High‑conductivity graphene additives
   • Partnership with eco‑fashion labels

8. BASF SE

   Headquarters: Ludwigshafen, Germany
   Key Offering: Micronal PCM series and related thermal management solutions

   BASF’s PCM portfolio focuses on high‑performance thermal storage for building and industrial applications.

   Sustainability & Growth Initiatives: Renewable feedstock sourcing, carbon‑neutral manufacturing, and support for EU energy‑efficiency directives.

   • Renewable biobased feedstock procurement
   • Carbon‑negative production processes
   • Integration with European green building standards

9. Sasol Limited

   Headquarters: Johannesburg, South Africa
   Key Offering: Bio‑derived fatty acid PCMs for industrial and construction use

   Sasol leverages its petrochemical expertise to produce high‑purity fatty acids suitable for PCM applications.

   Sustainability & Growth Initiatives: Investment in biofuel‑derived feedstocks, partnership with South African green‑building initiatives, and R&D on high‑temperature PCMs.

   • Biofuel‑derived fatty acid production
   • South African renewable energy projects
   • Collaboration with local construction firms

10. Climator Sweden AB

    Headquarters: Stockholm, Sweden
    Key Offering: Bio‑based PCM solutions for energy‑efficient buildings

    Climator focuses on PCM products that enhance passive thermal regulation in Scandinavian construction projects.

    Sustainability & Growth Initiatives: Participation in Swedish green building programs, use of locally sourced feedstocks, and development of low‑emission manufacturing.

    • Swedish green building certification support
    • Local feedstock sourcing
    • Low‑emission production processes

Download FREE Sample Report: Bio‑derived Organic Phase Change Material (PCM) for Thermal Storage Market – View in Detailed Research Report

Get Full Report: Bio‑derived Organic Phase Change Material (PCM) for Thermal Storage Market – View in Detailed Research Report

OUTLOOK

Over the next decade, the bio‑derived PCM market is expected to be driven by continued regulatory pressure for carbon‑neutral materials, the rapid expansion of green building certifications, and the increasing adoption of thermal energy storage in solar power and district heating systems. The industry will see a shift toward higher‑performance formulations such as microencapsulated and nanocomposite PCMs, which offer improved thermal conductivity and reduced leakage risks. Cost competitiveness will improve as feedstock prices stabilize and economies of scale are achieved in manufacturing, enabling broader penetration across construction, cold chain, and renewable energy sectors.

FUTURE TRENDS

• Expansion of microencapsulation and graphene‑enhanced composites to improve heat transfer rates.
• Growth of waste‑derived and algae‑based feedstock utilization to decouple supply chains from food markets.
• Increased integration of PCM technology into smart building platforms and IoT‑enabled HVAC systems.
• Emerging applications in data‑center thermal management and wearable active‑cooling apparel.
• Regulatory mandates for net‑zero buildings accelerating PCM adoption across all regions.