The Global Paraffin Phase Change Material (PCM) Market was valued at US$ 1.2 Billion in 2024 and is projected to reach US$ 2.05 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 9.3% during the forecast period (2024–2030). This robust growth is fueled by the escalating global demand for energy-efficient solutions, stringent building codes promoting thermal regulation, and the accelerating adoption of PCMs across electronics, construction, and cold chain logistics to reduce carbon footprints.

As industries worldwide intensify their focus on sustainability and energy optimization, Paraffin PCMs are emerging as a cornerstone technology for passive thermal management. In this blog, we profile the Top 10 Companies in the Paraffin Phase Change Material (PCM) Industry—a dynamic mix of chemical innovators, material science leaders, and thermal management specialists driving the next wave of energy-efficient applications.

Download FREE Sample Report:
Paraffin Phase Change Material (PCM) Market – View in Detailed Research Report

---

🔟 1. CRODA International Plc

Headquarters: Snaith, East Riding of Yorkshire, United Kingdom
Key Offering: CRODATHERM™ Paraffin PCMs, Microencapsulated PCM Slurries

Croda is a globally recognized specialty chemicals company and a leading innovator in high-performance PCMs. Their CRODATHERM™ range offers precise melting points tailored for diverse applications, from building materials to textiles, emphasizing non-toxic and recyclable solutions.

Innovation and Sustainability Focus:

• Development of bio-based paraffin PCMs derived from sustainable feedstocks

• Advanced microencapsulation technologies for enhanced stability and integration

• Commitment to achieving net-zero emissions by 2050 through sustainable product portfolios

---

9️⃣ 2. BASF SE

Headquarters: Ludwigshafen, Germany
Key Offering: Micronal® PCM, SASOL Wax Paraffin PCMs (legacy portfolio)

BASF is a chemical giant with a formidable presence in the PCM market, particularly through its acquisition of parts of Sasol’s wax business. Its Micronal® brand features microencapsulated PCMs that can be seamlessly integrated into plasterboard, concrete, and textiles for passive temperature control.

Innovation and Sustainability Focus:

• Pioneering microencapsulation for building materials, reducing HVAC energy consumption by up to 35%

• Strategic investments in circular economy principles for PCM production

Download FREE Sample Report:
Paraffin Phase Change Material (PCM) Market – View in Detailed Research Report

---

8️⃣ 3. Honeywell International Inc.

Headquarters: Charlotte, North Carolina, USA
Key Offering: Honeywell Paraffin PCMs for Electronics Thermal Management

Leveraging its advanced materials division, Honeywell develops high-purity paraffin PCMs specifically engineered for thermal management in electronics, batteries, and aerospace applications. Their materials are known for high latent heat and excellent cycling stability.

Innovation and Sustainability Focus:

• Focus on high-reliability PCMs for electric vehicle battery cooling systems

• R&D into flame-retardant paraffin PCM formulations for enhanced safety

---

7️⃣ 4. Phase Change Energy Solutions Inc.

Headquarters: Asheboro, North Carolina, USA
Key Offering: BioPCM® (Bio-based Phase Change Material)

Phase Change Energy Solutions is a specialist company renowned for its BioPCM® products, which include both paraffin-based and bio-based formulations. Their solutions are widely used in building envelopes, ceiling tiles, and HVAC systems to flatten temperature peaks and reduce energy costs.

Innovation and Sustainability Focus:

• Patent-protected BioPCM® technology utilizing renewable resources

• Products are UL Environment certified and Cradle to Cradle Bronze certified

---

6️⃣ 5. Outlast Technologies GmbH

Headquarters: Heidenheim, Germany
Key Offering: Outlast® Adaptive Comfort Materials (Microencapsulated PCMs)

Outlast Technologies is a global leader in adaptive comfort materials, primarily for the textile and apparel industry. Their core technology involves microencapsulated paraffin PCMs that are embedded into fibers, fabrics, and foams to regulate microclimates.

Innovation and Sustainability Focus:

• Extensive IP portfolio covering PCM integration in textiles

• Partnerships with major apparel brands for sportswear, footwear, and bedding

---

5️⃣ 6. PureTemp LLC

Headquarters: Plymouth, Minnesota, USA
Key Offering: PureTemp® Bio-based Paraffin PCMs

PureTemp specializes in creating proprietary, bio-based paraffin PCMs derived from plant oils. Their products are engineered with specific melting points ranging from -40°C to 112°C, serving industries from cold chain packaging to solar thermal storage.

Innovation and Sustainability Focus:

• 100% bio-based and biodegradable PCM formulations

• Winner of multiple US Department of Energy awards for innovation

---

4️⃣ 7. Microtek Laboratories, Inc.

Headquarters: Dayton, Ohio, USA
Key Offering: MicroPCMs® (Microencapsulated Phase Change Materials)

Microtek Laboratories is a pioneer in microencapsulation technology. Their MicroPCMs® product line features paraffin cores encapsulated within polymer shells, enabling easy dispersion into coatings, plastics, textiles, and building materials.

Innovation and Sustainability Focus:

• Industry-leading expertise in custom microencapsulation for specialized applications

• Focus on developing PCMs with high cycling durability and thermal conductivity

---

3️⃣ 8. Laird Thermal Systems, Inc. (Part of Advent International)

Headquarters: Morrisville, North Carolina, USA
Key Offering: HiTemp® PCM Pads and Materials for Electronics Cooling

Laird Thermal Systems is a key player in thermal management solutions for high-performance electronics. Their paraffin-based PCM products are designed to absorb and dissipate heat in transient applications, protecting sensitive components from overheating.

Innovation and Sustainability Focus:

• Targeted solutions for 5G infrastructure, automotive electronics, and medical devices

• Integration of PCMs with other thermal interface materials for hybrid solutions

---

2️⃣ 9. Chemours Company

Headquarters: Wilmington, Delaware, USA
Key Offering: Specialty Fluids and Materials include PCM-formulations

The Chemours Company, through its Titanium Technologies and Specialty Products segments, engages in materials science that intersects with thermal management. They offer expertise and materials that support PCM integration in various industrial processes.

Innovation and Sustainability Focus:

• Commitment to sustainable innovations with a focus on reducing greenhouse gas emissions

• R&D in advanced materials for energy storage and efficiency

---

1️⃣ 10. Entropy Solutions Inc.

Headquarters: Plymouth, Minnesota, USA
Key Offering: PureTemp® (See PureTemp LLC, often associated), CLAY-TEC® PCM-Enhanced Materials

Entropy Solutions is an innovator focused on commercializing PCM technologies. While closely linked with PureTemp, they also develop specialized composites, such as CLAY-TEC®, which combines PCMs with clay for building material applications, offering both thermal mass and latent heat storage.

Innovation and Sustainability Focus:

• Development of composite PCM materials for easier application in construction

• Focus on creating non-flammable and structurally enhanced PCM products

Get Full Report Here:
Paraffin Phase Change Material (PCM) Market – View in Detailed Research Report

---

🌍 Outlook: The Future of Thermal Management Is Smart and Sustainable

The Paraffin PCM market is undergoing a significant evolution. While traditional applications in building and construction dominate the current volume, the industry is rapidly expanding into high-growth segments like electric vehicle battery thermal management, smart textiles, and advanced electronics cooling.

📈 Key Trends Shaping the Market:

• Accelerated adoption of bio-based and non-toxic paraffin PCM formulations

• Integration of PCMs with smart building systems and IoT for active thermal control

• Increasing regulatory support and green building certifications (LEED, BREEAM) driving demand

• Strategic R&D partnerships between chemical companies and end-user industries to develop application-specific solutions

Get Full Report Here:
Paraffin Phase Change Material (PCM) Market – View in Detailed Research Report

The companies listed above are not just supplying materials—they are enabling a fundamental shift towards energy independence and intelligent thermal regulation across the global economy.