Below is a compact, citation-backed market reference pack you can paste into reports: top companies with values (revenues / funding / notable transactions where available), then short, sourced sections for Recent developments, Drivers, Restraints, Regional segmentation, Emerging trends, Top use cases, Major challenges, Attractive opportunities, and Key factors for expansion.

This versatile research report is presenting crucial details on market relevant information, harping on ample minute details encompassing a multi-dimensional market that collectively maneuver growth in the global Phase Change Material market.

This holistic report presented by the report is also determined to cater to all the market specific information and a take on business analysis and key growth steering best industry practices that optimize million-dollar opportunities amidst staggering competition in Phase Change Material market.

Read complete report at: https://www.thebrainyinsights.com/report/phase-change-material-market-12756

Key company references (company → notable value / metric)

  • Croda (Croda Industrial Specialties) — offers the CrodaTherm PCM product line and is scaling industrial PCM supply; Group financials (Croda plc) reported in their 2024/2025 results (company PDF).

  • Honeywell International Inc. — active supplier of electronic/thermal PCMs (PCM series for thermal interface and EV applications); Honeywell lists commercial PCM product ranges for electronics and EV thermal management.

  • Climator Sweden AB (ClimSel brand) — specialised PCM manufacturer and cold-chain systems vendor (longstanding PCM business since 1979; commercial cold-chain PCM systems).

  • Phase Change Energy Solutions — US company focused on building/roofing PCM and thermal storage; small private funding history (Tracxn / CB Insights records show limited disclosed funding).

  • Rubitherm Technologies GmbH — long-standing German PCM producer (frequently listed among market participant lists).

  • Microtek Laboratories (acquired BASF Micronal assets in 2017) — Microtek now holds Micronal® legacy assets (important commercial particle-based PCM IP transferred from BASF).

  • Cryopak / Cold Chain Technologies / Pluss / PureTemp / Outlast — specialized PCM product & application vendors (cold-chain, textiles, packaging, apparel); these are recurrently named among market leaders in industry reports.

(If you want a downloadable Excel/CSV with these companies + exact latest-reported revenue / funding / capacity / headline FY figure and a source link per row, tell me and I’ll extract each line into a table.)

Market headline numbers (range from recent reports)

  • Multiple market reports place the PCM market in the hundreds of millions to low-billion USD today with strong growth: examples include ~USD 610M (2024) estimate with ~17% CAGR (Stratview), ~USD 0.92B (2025) with ~17.7% CAGR to 2030 (Mordor), and larger 2035 scenarios (Research Nester) that reach multi-billion depending on scope. Use these as scenario anchors (conservative → aggressive).

Recent developments

  • Public & private players are commercializing PCM for energy-efficient buildings, cold-chain for pharma, electronics thermal management, and EV battery systems — several suppliers (Croda, Honeywell, Climator, specialised vendors) have product launches and commercial partnerships reported in 2023–2025.

  • Legacy IP consolidation: BASF’s Micronal® technology was divested (sold to Microtek in 2017), moving a major PCM technology asset into a specialist PCM lab/producer.

Primary drivers

  1. Energy-efficiency and building decarbonization (latent thermal storage for HVAC load shifting).

  2. Cold-chain & pharma logistics demand (temperature-stable shippers using PCM panels for vaccine/pharma transport).

  3. Thermal management in electronics and EVs — PCMs used for gap filling, battery thermal buffering and reliability.

Main restraints

  • Fragmented supplier base and product heterogeneity (wide variety of organic/inorganic PCMs, encapsulation types) creates qualification friction for OEMs.

  • Cost and lifetime/performance validation — end-users need multi-year proof that PCM systems deliver net-present value vs. incumbents.

  • Regulatory and safety (fire, leakage) concerns for some organic PCMs require careful system design and standards.

Regional segmentation analysis

  • Europe: strong activity in building-efficiency and industrial PCM manufacturing (notable specialised suppliers and public-funded scale projects).

  • North America: commercial vendors for cold-chain, packaging, electronics thermal solutions; specialized firms (Cryopak, Cold Chain Tech, Phase Change Energy Solutions) play in regional markets.

  • Asia-Pacific: growing demand from electronics manufacturing, battery producers and increasing adoption in building retrofits — a fast-growing demand zone per market reports

Emerging trends

  • Encapsulation & composite PCMs — micro/macro-encapsulation to improve containment and cycling life for construction and packaging use.

  • Integration with thermal energy storage + smart HVAC — PCM modules paired with controls to shift cooling/heating loads.

  • PV / electronics & EV adoption paths — PCMs used to protect batteries and manage transient thermal spikes in power electronics.

Top use cases

  1. Building temperature stabilization & HVAC load shifting (retrofitting and new builds).

  2. Cold-chain packaging for pharmaceuticals and food (reusable PCM panels / shippers).

  3. Electronics thermal interface materials & EV battery thermal buffering.

  4. Solar thermal and small-scale thermal energy storage systems.

Major challenges

  • Standardization & testing: lack of harmonized industry standards slows OEM acceptance.

  • Economic proof points at scale: need lifecycle and TCO studies comparing PCMs with mechanical storage, phase-change vs. alternative materials.

Attractive opportunities

  • Anchor customers in pharma cold-chain and battery OEMs who can pay premiums for validated thermal protection products.

  • Industrial partners & material suppliers (chemicals companies, specialty polymers) moving PCM into masterbatches/composites for larger market access (Croda and specialty chemical players).

Key factors for market expansion

  1. Demonstrated, repeated field deployments (multi-year case studies) that show energy savings / reliability gains.

  2. Lower unit costs via scale and improved encapsulation processes.

  3. Stronger standards/qualification protocols to shorten OEM adoption timelines.

If you want, I can immediately produce one of the following (pick one and I’ll do it in this reply):

  1. A Top-12 company table (CSV/Excel) with columns: company / country / latest reported revenue or funding / PCM product focus / citation link.

  2. A one-page PPT slide (downloadable) summarizing the market numbers + top 6 players and their values.

  3. A scenario set: conservative/base/aggressive PCM market forecasts with the exact numeric forecasts and source citations for each scenario.

Which would you like now?

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