Brazil, India, and South Africa are the fastest growing demand hubs within the $2.1 billion Phase Change Materials market and expected to grow with a CAGR range of 17.6% and 25.6% for the period of 2024 to 2030. Building & construction and hvac are major application areas for Phase Change Materials and market competition is fierce in these applications. Efficient thermal control in HVAC systems is enhanced by the use of PCMs (Phase Change Materials) which store surplus heat and release it when necessary to ensure comfortable indoor temperatures are maintained effectively. Key industry players such as Phase Change Energy Solutions are integrating PCMs into HVAC systems to improve energy efficiency. Leading players in such as BASF, Croda, Rubitherm, Phase Change Energy Solutions, Outlast, Microtek, Honeywell, PureTemp, Entropy Solutions, Pluss Advanced Technologies, Climator Sweden and Sasol are pushing the boundaries of innovation and forging strategic partnerships to capture larger market share. Check detailed insights here – https://datastringconsulting.com/industry-analysis/phase-change-materials-market-research-report In response to the increasing demand for solutions in the industry of phase change materials (PCM) manufacturers are shifting their attention, towards utilizing bio based and environmentally friendly materials to drive innovation. Global & Regional Analysis As per research study, Phase Change Materials is expected to rise to $16.0 billion by 2035 from $2.1 billion of 2023 with a CAGR of 18.3%. In North America, companies such as Rubitherms are at the forefront when it comes to meeting the increasing need for temperature regulated fabrics and eco-friendly building supplies. Rubitherms is dedicated to offering PCM options that resonate with the sustainability objectives, in North America. Research Scope Segment Subsegment Material Type (Organic Inorganic Bio-based) Product Form (Encapsulated Non-Encapsulated) Application (Building & Construction HVAC Textiles Electronics Others) Technology (Micronization Nanoencapsulation Thermal Conductive Packaging) About DataString Consulting DataString Consulting assist companies in strategy formulations & roadmap creation including TAM expansion, revenue diversification strategies and venturing into new markets; by offering in depth insights into developing trends and competitor landscapes as well as customer demographics. Our customized & direct strategies, filters industry noises into new opportunities; and reduces the effective connect time between products and its market niche. DataString Consulting is a professional market research company which aims at providing all the market & business research solutions under one roof. Get the right insights for your goals with our unique approach to market research and precisely tailored solutions. We offer services in strategy consulting, comprehensive opportunity assessment across various sectors, and solution-oriented approaches to solve business problems.