PCM thermal management market seen reaching $2.6B by 2030

By AI, Created 6:22 PM UTC, May 29, 2026, /AGP/ – The phase change materials market for thermal management is projected to grow from $1.7 billion in 2025 to $2.6 billion by 2030, driven by demand for energy-efficient buildings, electric vehicle batteries and cold chain systems. North America led in 2025, while Asia-Pacific is expected to post the fastest growth.

Why it matters: - Phase change materials can cut heating and cooling energy use by storing and releasing heat as temperatures change. - The market’s growth points to wider adoption in buildings, electronics, automotive systems, logistics and wearable technology. - Energy-efficient construction is becoming a bigger driver as governments tighten building codes and decarbonization rules.

What happened: - The Business Research Company said the phase change materials in thermal management market will rise from $1.7 billion in 2025 to $1.85 billion in 2026. - The company projected the market will reach $2.6 billion by 2030. - The forecast implies an 8.6% CAGR from 2025 to 2026 and an 8.9% CAGR through 2030. - The report was released May 29, 2026. - The report covers North America, Asia-Pacific, South East Asia, Western Europe, Eastern Europe, South America, the Middle East and Africa.

The details: - Demand for temperature control in electronic devices helped drive recent market growth. - Automotive thermal systems, organic PCMs in construction, inorganic PCM formulation advances, and early use in textiles and wearables also supported growth. - Electric vehicle battery systems are expected to expand PCM use over the forecast period. - Sustainable and bio-based PCM products are expected to gain traction. - Cold chain and logistics applications are expected to increase. - Industrial and commercial buildings are another growth area. - Nano-enhanced and composite PCM materials are expected to support future demand. - Micro and macro encapsulation technologies are advancing. - Battery thermal regulation is becoming a larger use case. - Energy-saving building solutions remain a core application. - North America held the largest share in 2025. - Asia-Pacific is expected to grow the fastest through 2030. - The company added market attractiveness scoring, TAM analysis, company scoring matrix graphics, Excel-based forecasting dashboards, market hotspots infographics, key technology and future trend analysis, and updated graphics and tables to its 2026 reports. - The report also highlights a free sample and full report download on the company’s sample page and the full market report.

Between the lines: - The forecast ties PCM demand to sectors under pressure to improve efficiency, especially buildings and EV batteries. - The inclusion of bio-based and nano-enhanced materials suggests buyers are looking for performance improvements alongside sustainability. - Regional growth implies the market is shifting toward faster-expanding manufacturing and infrastructure demand in Asia-Pacific, even as North America remains the largest market today.

What’s next: - Adoption should continue to rise as building efficiency standards, battery thermal needs and cold chain requirements expand. - Product development is likely to focus on encapsulation, composite materials and bio-based formulations. - The report’s 2030 forecast sets a benchmark for tracking whether adoption keeps pace with current efficiency and electrification trends.