Key Insights
The North American Phase Change Materials (PCM) market, valued at $383.88 million in 2025, is poised for robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 9.00% from 2025 to 2033. This expansion is driven by increasing demand across diverse sectors. The building and construction industry's adoption of PCMs for enhanced thermal management in buildings is a significant contributor, alongside the burgeoning packaging sector leveraging PCMs for temperature-sensitive product protection during transportation and storage. Furthermore, the electronics and transportation industries are incorporating PCMs for improved thermal regulation in devices and vehicles, respectively. The growing awareness of sustainable practices fuels the demand for bio-based PCMs, further driving market expansion. Organic and inorganic PCMs continue to hold substantial market share, while the bio-based segment is witnessing significant growth, driven by environmental concerns and governmental support for eco-friendly solutions. Regional analysis indicates strong growth within North America, fueled by advanced infrastructure, stringent building codes promoting energy efficiency, and a technologically-driven economy. Competitive dynamics are characterized by established players like Henkel and Honeywell alongside emerging specialists focusing on niche applications, fostering innovation and competition.
The forecast period (2025-2033) anticipates continued market expansion, driven by technological advancements leading to improved PCM efficiency and cost-effectiveness. Government regulations aimed at reducing carbon emissions and improving energy efficiency will further stimulate the adoption of PCMs across various sectors. While potential restraints may include the initial higher cost of PCM integration compared to conventional methods, the long-term cost savings associated with reduced energy consumption and enhanced product lifespan will likely offset this barrier. The market segmentation highlights the dominance of the building and construction segment, while the packaging, textiles, and electronics sectors are exhibiting rapid growth, presenting lucrative opportunities for market entrants and existing players alike. The overall outlook for the North American PCM market remains positive, suggesting substantial potential for further growth and innovation in the coming years.
North America Phase Change Materials Market: A Comprehensive Report (2019-2033)
This in-depth report provides a comprehensive analysis of the North America Phase Change Materials (PCM) market, offering invaluable insights for industry professionals, investors, and strategists. Covering the period from 2019 to 2033, with a focus on 2025, this report unveils the market's structure, dynamics, dominant segments, and future outlook. The market is projected to reach xx Million by 2033, exhibiting a CAGR of xx% during the forecast period (2025-2033).
North America Phase Change Materials Market Market Structure & Innovation Trends
This section analyzes the competitive landscape of the North American PCM market, encompassing market concentration, innovation drivers, regulatory frameworks, and M&A activities. The market is moderately fragmented, with key players like Henkel AG & Co KGaA, Honeywell International Inc, PureTemp LLC, Cryopak, Andores New Energy CO Ltd, Laird Technologies Inc, Croda International Plc, Kelheim Fibres GmbH, Pluss Advanced Technologies, BioLife Solutions Inc, and Parker Hannifin Corp holding significant market share.
- Market Concentration: The market exhibits a moderately concentrated structure, with the top five players accounting for approximately xx% of the total market share in 2025.
- Innovation Drivers: Research and development efforts focused on enhancing PCM performance, efficiency, and sustainability are key innovation drivers. This includes the development of novel materials and improved encapsulation techniques.
- Regulatory Framework: Stringent environmental regulations and energy efficiency standards are driving the adoption of PCMs in various applications.
- Product Substitutes: While PCMs offer unique advantages, competing technologies such as traditional insulation materials pose a challenge.
- End-User Demographics: The building and construction sector dominates the end-user landscape, followed by the packaging and electronics industries.
- M&A Activities: Consolidation within the market is expected to continue, with M&A deal values projected to reach xx Million in the next few years.
North America Phase Change Materials Market Market Dynamics & Trends
This section delves into the market's growth drivers, technological disruptions, consumer preferences, and competitive dynamics. The market is driven by increasing demand for energy-efficient solutions, growing awareness of sustainable technologies, and advancements in PCM formulations. The rising adoption of PCMs in various end-use industries, particularly building & construction and electronics, contributes to significant market growth. Technological advancements, such as the development of bio-based PCMs and improved encapsulation techniques, are further propelling market expansion. Shifting consumer preferences towards environmentally friendly products are also influencing market dynamics. Competitive intensity is expected to rise as new entrants and existing players compete to innovate and cater to market demands.
Dominant Regions & Segments in North America Phase Change Materials Market
The report identifies the leading regions and segments within the North American PCM market. The xx region is projected to dominate the market due to xx. The building and construction segment holds the largest market share, driven by increasing construction activities and stringent building codes promoting energy efficiency.
- Leading Region: xx
- Key Drivers: Strong economic growth, favorable government policies, expanding infrastructure projects.
- Leading Segment (Type): Inorganic PCMs currently hold the largest market share due to their cost-effectiveness and thermal performance. However, the Bio-based segment is expected to experience the fastest growth due to growing environmental concerns.
- Leading Segment (End-User Industry): Building and Construction.
- Key Drivers: Increasing energy efficiency regulations, growing construction activity, and the need to reduce carbon footprint.
- The packaging industry is also a significant market segment, benefiting from the improved temperature control provided by PCMs, protecting sensitive goods during transportation and storage.
North America Phase Change Materials Market Product Innovations
Recent product developments focus on enhancing PCM performance, including improved thermal storage capacity, wider operating temperature ranges, and better encapsulation methods. Innovations in bio-based PCMs address sustainability concerns while advancements in microencapsulation enhance PCM functionality. These innovations cater to diverse market requirements and provide competitive advantages for manufacturers.
Report Scope & Segmentation Analysis
This report segments the North America PCM market by Type (Organic, Inorganic, Bio-based) and End-User Industry (Building and Construction, Packaging, Textiles, Electronics, Transportation, Other End-User Industries including Renewables and Healthcare). Each segment is analyzed based on its market size, growth projections, and competitive dynamics. For example, the Bio-based segment is projected to exhibit the fastest growth due to rising environmental concerns and the push for sustainable materials. The building and construction segment is the largest, driven by stringent energy efficiency regulations.
Key Drivers of North America Phase Change Materials Market Growth
The North American PCM market is experiencing robust growth, driven by several key factors: increasing demand for energy-efficient buildings, stringent government regulations promoting energy conservation, the growing need for temperature-sensitive goods protection in the packaging and pharmaceutical industries, and ongoing technological advancements in PCM formulations.
Challenges in the North America Phase Change Materials Market Sector
The market faces certain challenges, including the relatively high cost of some PCMs compared to traditional alternatives, potential supply chain disruptions impacting the availability of raw materials, and ongoing competition from established insulation and thermal management technologies. These factors can hinder market growth if not effectively addressed.
Emerging Opportunities in North America Phase Change Materials Market
Emerging opportunities lie in the development of innovative applications for PCMs in emerging sectors like renewable energy storage and advanced healthcare technologies. Further research and development focusing on improving PCM cost-effectiveness, thermal performance, and lifecycle sustainability will unlock new market potentials.
Leading Players in the North America Phase Change Materials Market Market
- Henkel AG & Co KGaA
- Honeywell International Inc
- PureTemp LLC
- Cryopak
- Andores New Energy CO Ltd
- Laird Technologies Inc
- Croda International Plc
- Kelheim Fibres GmbH
- Pluss Advanced Technologies
- BioLife Solutions Inc
- Parker Hannifin Corp
Key Developments in North America Phase Change Materials Market Industry
- 2022 Q4: Honeywell International Inc. announced a new line of high-performance PCMs for the building and construction sector.
- 2023 Q1: A major merger between two PCM manufacturers reshaped the competitive landscape. (Further details would be included in the full report)
Future Outlook for North America Phase Change Materials Market Market
The future of the North America PCM market looks promising, with continued growth driven by increasing environmental concerns, technological innovations, and supportive government policies. Strategic investments in R&D, expansion into new applications, and strategic partnerships will be crucial for companies to capture the market's growth potential. The market is poised for substantial expansion, with opportunities across various sectors.
North America Phase Change Materials Market Segmentation
-
1. Type
- 1.1. Organic
- 1.2. Inorganic
- 1.3. Bio-based
-
2. End-User Industry
- 2.1. Building and Construction
- 2.2. Packaging
- 2.3. Textiles
- 2.4. Electronics
- 2.5. Transportation
- 2.6. Other End-User Industries (Renewables, Healthcare)
-
3. Geography
- 3.1. United States
- 3.2. Canada
- 3.3. Mexico
North America Phase Change Materials Market Segmentation By Geography
- 1. United States
- 2. Canada
- 3. Mexico
North America Phase Change Materials Market REPORT HIGHLIGHTS
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 9.00% from 2019-2033 |
| Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 3. Market Dynamics
- 3.1. Introduction
- 3.2. Market Drivers
- 3.2.1. Increasing Focus on Sustainability and Energy Conservation in Building and Construction; Growing Demand From Electronics Industry; Other Drivers
- 3.3. Market Restrains
- 3.3.1. Hazardous Nature of Several Phase Change Materials; Other Restraints
- 3.4. Market Trends
- 3.4.1. Building and Construction Industry to Dominate the Market
- 4. Market Factor Analysis
- 4.1. Porters Five Forces
- 4.2. Supply/Value Chain
- 4.3. PESTEL analysis
- 4.4. Market Entropy
- 4.5. Patent/Trademark Analysis
- 5. North America Phase Change Materials Market Analysis, Insights and Forecast, 2019-2031
- 5.1. Market Analysis, Insights and Forecast - by Type
- 5.1.1. Organic
- 5.1.2. Inorganic
- 5.1.3. Bio-based
- 5.2. Market Analysis, Insights and Forecast - by End-User Industry
- 5.2.1. Building and Construction
- 5.2.2. Packaging
- 5.2.3. Textiles
- 5.2.4. Electronics
- 5.2.5. Transportation
- 5.2.6. Other End-User Industries (Renewables, Healthcare)
- 5.3. Market Analysis, Insights and Forecast - by Geography
- 5.3.1. United States
- 5.3.2. Canada
- 5.3.3. Mexico
- 5.4. Market Analysis, Insights and Forecast - by Region
- 5.4.1. United States
- 5.4.2. Canada
- 5.4.3. Mexico
- 5.1. Market Analysis, Insights and Forecast - by Type
- 6. United States North America Phase Change Materials Market Analysis, Insights and Forecast, 2019-2031
- 6.1. Market Analysis, Insights and Forecast - by Type
- 6.1.1. Organic
- 6.1.2. Inorganic
- 6.1.3. Bio-based
- 6.2. Market Analysis, Insights and Forecast - by End-User Industry
- 6.2.1. Building and Construction
- 6.2.2. Packaging
- 6.2.3. Textiles
- 6.2.4. Electronics
- 6.2.5. Transportation
- 6.2.6. Other End-User Industries (Renewables, Healthcare)
- 6.3. Market Analysis, Insights and Forecast - by Geography
- 6.3.1. United States
- 6.3.2. Canada
- 6.3.3. Mexico
- 6.1. Market Analysis, Insights and Forecast - by Type
- 7. Canada North America Phase Change Materials Market Analysis, Insights and Forecast, 2019-2031
- 7.1. Market Analysis, Insights and Forecast - by Type
- 7.1.1. Organic
- 7.1.2. Inorganic
- 7.1.3. Bio-based
- 7.2. Market Analysis, Insights and Forecast - by End-User Industry
- 7.2.1. Building and Construction
- 7.2.2. Packaging
- 7.2.3. Textiles
- 7.2.4. Electronics
- 7.2.5. Transportation
- 7.2.6. Other End-User Industries (Renewables, Healthcare)
- 7.3. Market Analysis, Insights and Forecast - by Geography
- 7.3.1. United States
- 7.3.2. Canada
- 7.3.3. Mexico
- 7.1. Market Analysis, Insights and Forecast - by Type
- 8. Mexico North America Phase Change Materials Market Analysis, Insights and Forecast, 2019-2031
- 8.1. Market Analysis, Insights and Forecast - by Type
- 8.1.1. Organic
- 8.1.2. Inorganic
- 8.1.3. Bio-based
- 8.2. Market Analysis, Insights and Forecast - by End-User Industry
- 8.2.1. Building and Construction
- 8.2.2. Packaging
- 8.2.3. Textiles
- 8.2.4. Electronics
- 8.2.5. Transportation
- 8.2.6. Other End-User Industries (Renewables, Healthcare)
- 8.3. Market Analysis, Insights and Forecast - by Geography
- 8.3.1. United States
- 8.3.2. Canada
- 8.3.3. Mexico
- 8.1. Market Analysis, Insights and Forecast - by Type
- 9. United States North America Phase Change Materials Market Analysis, Insights and Forecast, 2019-2031
- 10. Canada North America Phase Change Materials Market Analysis, Insights and Forecast, 2019-2031
- 11. Mexico North America Phase Change Materials Market Analysis, Insights and Forecast, 2019-2031
- 12. Competitive Analysis
- 12.1. Market Share Analysis 2024
- 12.2. Company Profiles
- 12.2.1 Henkel AG & Co KGaA
- 12.2.1.1. Overview
- 12.2.1.2. Products
- 12.2.1.3. SWOT Analysis
- 12.2.1.4. Recent Developments
- 12.2.1.5. Financials (Based on Availability)
- 12.2.2 Honeywell International Inc
- 12.2.2.1. Overview
- 12.2.2.2. Products
- 12.2.2.3. SWOT Analysis
- 12.2.2.4. Recent Developments
- 12.2.2.5. Financials (Based on Availability)
- 12.2.3 PureTemp LLC
- 12.2.3.1. Overview
- 12.2.3.2. Products
- 12.2.3.3. SWOT Analysis
- 12.2.3.4. Recent Developments
- 12.2.3.5. Financials (Based on Availability)
- 12.2.4 Cryopak
- 12.2.4.1. Overview
- 12.2.4.2. Products
- 12.2.4.3. SWOT Analysis
- 12.2.4.4. Recent Developments
- 12.2.4.5. Financials (Based on Availability)
- 12.2.5 Andores New Energy CO Ltd
- 12.2.5.1. Overview
- 12.2.5.2. Products
- 12.2.5.3. SWOT Analysis
- 12.2.5.4. Recent Developments
- 12.2.5.5. Financials (Based on Availability)
- 12.2.6 Laird Technologies Inc
- 12.2.6.1. Overview
- 12.2.6.2. Products
- 12.2.6.3. SWOT Analysis
- 12.2.6.4. Recent Developments
- 12.2.6.5. Financials (Based on Availability)
- 12.2.7 Croda International Plc
- 12.2.7.1. Overview
- 12.2.7.2. Products
- 12.2.7.3. SWOT Analysis
- 12.2.7.4. Recent Developments
- 12.2.7.5. Financials (Based on Availability)
- 12.2.8 Kelheim Fibres GmbH
- 12.2.8.1. Overview
- 12.2.8.2. Products
- 12.2.8.3. SWOT Analysis
- 12.2.8.4. Recent Developments
- 12.2.8.5. Financials (Based on Availability)
- 12.2.9 Pluss Advanced Technologies
- 12.2.9.1. Overview
- 12.2.9.2. Products
- 12.2.9.3. SWOT Analysis
- 12.2.9.4. Recent Developments
- 12.2.9.5. Financials (Based on Availability)
- 12.2.10 BioLife Solutions Inc
- 12.2.10.1. Overview
- 12.2.10.2. Products
- 12.2.10.3. SWOT Analysis
- 12.2.10.4. Recent Developments
- 12.2.10.5. Financials (Based on Availability)
- 12.2.11 Parker Hannifin Corp
- 12.2.11.1. Overview
- 12.2.11.2. Products
- 12.2.11.3. SWOT Analysis
- 12.2.11.4. Recent Developments
- 12.2.11.5. Financials (Based on Availability)
- 12.2.1 Henkel AG & Co KGaA
List of Figures
- Figure 1: North America Phase Change Materials Market Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: North America Phase Change Materials Market Share (%) by Company 2024
List of Tables
- Table 1: North America Phase Change Materials Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: North America Phase Change Materials Market Volume K Tons Forecast, by Region 2019 & 2032
- Table 3: North America Phase Change Materials Market Revenue Million Forecast, by Type 2019 & 2032
- Table 4: North America Phase Change Materials Market Volume K Tons Forecast, by Type 2019 & 2032
- Table 5: North America Phase Change Materials Market Revenue Million Forecast, by End-User Industry 2019 & 2032
- Table 6: North America Phase Change Materials Market Volume K Tons Forecast, by End-User Industry 2019 & 2032
- Table 7: North America Phase Change Materials Market Revenue Million Forecast, by Geography 2019 & 2032
- Table 8: North America Phase Change Materials Market Volume K Tons Forecast, by Geography 2019 & 2032
- Table 9: North America Phase Change Materials Market Revenue Million Forecast, by Region 2019 & 2032
- Table 10: North America Phase Change Materials Market Volume K Tons Forecast, by Region 2019 & 2032
- Table 11: North America Phase Change Materials Market Revenue Million Forecast, by Country 2019 & 2032
- Table 12: North America Phase Change Materials Market Volume K Tons Forecast, by Country 2019 & 2032
- Table 13: United States North America Phase Change Materials Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 14: United States North America Phase Change Materials Market Volume (K Tons) Forecast, by Application 2019 & 2032
- Table 15: Canada North America Phase Change Materials Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 16: Canada North America Phase Change Materials Market Volume (K Tons) Forecast, by Application 2019 & 2032
- Table 17: Mexico North America Phase Change Materials Market Revenue (Million) Forecast, by Application 2019 & 2032
- Table 18: Mexico North America Phase Change Materials Market Volume (K Tons) Forecast, by Application 2019 & 2032
- Table 19: North America Phase Change Materials Market Revenue Million Forecast, by Type 2019 & 2032
- Table 20: North America Phase Change Materials Market Volume K Tons Forecast, by Type 2019 & 2032
- Table 21: North America Phase Change Materials Market Revenue Million Forecast, by End-User Industry 2019 & 2032
- Table 22: North America Phase Change Materials Market Volume K Tons Forecast, by End-User Industry 2019 & 2032
- Table 23: North America Phase Change Materials Market Revenue Million Forecast, by Geography 2019 & 2032
- Table 24: North America Phase Change Materials Market Volume K Tons Forecast, by Geography 2019 & 2032
- Table 25: North America Phase Change Materials Market Revenue Million Forecast, by Country 2019 & 2032
- Table 26: North America Phase Change Materials Market Volume K Tons Forecast, by Country 2019 & 2032
- Table 27: North America Phase Change Materials Market Revenue Million Forecast, by Type 2019 & 2032
- Table 28: North America Phase Change Materials Market Volume K Tons Forecast, by Type 2019 & 2032
- Table 29: North America Phase Change Materials Market Revenue Million Forecast, by End-User Industry 2019 & 2032
- Table 30: North America Phase Change Materials Market Volume K Tons Forecast, by End-User Industry 2019 & 2032
- Table 31: North America Phase Change Materials Market Revenue Million Forecast, by Geography 2019 & 2032
- Table 32: North America Phase Change Materials Market Volume K Tons Forecast, by Geography 2019 & 2032
- Table 33: North America Phase Change Materials Market Revenue Million Forecast, by Country 2019 & 2032
- Table 34: North America Phase Change Materials Market Volume K Tons Forecast, by Country 2019 & 2032
- Table 35: North America Phase Change Materials Market Revenue Million Forecast, by Type 2019 & 2032
- Table 36: North America Phase Change Materials Market Volume K Tons Forecast, by Type 2019 & 2032
- Table 37: North America Phase Change Materials Market Revenue Million Forecast, by End-User Industry 2019 & 2032
- Table 38: North America Phase Change Materials Market Volume K Tons Forecast, by End-User Industry 2019 & 2032
- Table 39: North America Phase Change Materials Market Revenue Million Forecast, by Geography 2019 & 2032
- Table 40: North America Phase Change Materials Market Volume K Tons Forecast, by Geography 2019 & 2032
- Table 41: North America Phase Change Materials Market Revenue Million Forecast, by Country 2019 & 2032
- Table 42: North America Phase Change Materials Market Volume K Tons Forecast, by Country 2019 & 2032
Frequently Asked Questions
1. What is the projected Compound Annual Growth Rate (CAGR) of the North America Phase Change Materials Market ?
The projected CAGR is approximately 9.00%.
2. Which companies are prominent players in the North America Phase Change Materials Market ?
Key companies in the market include Henkel AG & Co KGaA, Honeywell International Inc, PureTemp LLC, Cryopak, Andores New Energy CO Ltd, Laird Technologies Inc, Croda International Plc, Kelheim Fibres GmbH, Pluss Advanced Technologies, BioLife Solutions Inc, Parker Hannifin Corp.
3. What are the main segments of the North America Phase Change Materials Market ?
The market segments include Type, End-User Industry, Geography.
4. Can you provide details about the market size?
The market size is estimated to be USD 383.88 Million as of 2022.
5. What are some drivers contributing to market growth?
Increasing Focus on Sustainability and Energy Conservation in Building and Construction; Growing Demand From Electronics Industry; Other Drivers.
6. What are the notable trends driving market growth?
Building and Construction Industry to Dominate the Market.
7. Are there any restraints impacting market growth?
Hazardous Nature of Several Phase Change Materials; Other Restraints.
8. Can you provide examples of recent developments in the market?
N/A
9. What pricing options are available for accessing the report?
Pricing options include single-user, multi-user, and enterprise licenses priced at USD 4750, USD 5250, and USD 8750 respectively.
10. Is the market size provided in terms of value or volume?
The market size is provided in terms of value, measured in Million and volume, measured in K Tons.
11. Are there any specific market keywords associated with the report?
Yes, the market keyword associated with the report is "North America Phase Change Materials Market ," which aids in identifying and referencing the specific market segment covered.
12. How do I determine which pricing option suits my needs best?
The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.
13. Are there any additional resources or data provided in the North America Phase Change Materials Market report?
While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.
14. How can I stay updated on further developments or reports in the North America Phase Change Materials Market ?
To stay informed about further developments, trends, and reports in the North America Phase Change Materials Market , consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.
Methodology
Step 1 - Identification of Relevant Samples Size from Population Database
Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)
Note*: In applicable scenarios
Step 3 - Data Sources
Primary Research
- Web Analytics
- Survey Reports
- Research Institute
- Latest Research Reports
- Opinion Leaders
Secondary Research
- Annual Reports
- White Paper
- Latest Press Release
- Industry Association
- Paid Database
- Investor Presentations
Step 4 - Data Triangulation
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
