Advanced Phase Change Materials Market to Surge with Rising Demand for Energy-Efficient Solutions | Valuates Reports – PR Newswire

Advanced Phase Change Materials Market Report 2024-2031: Emphasizing Sustainable Development Goals

Market Overview

The global Advanced Phase Change Materials (APCM) market was valued at USD 1,839 million in 2024 and is projected to reach approximately USD 3,997 million by 2031, growing at a compound annual growth rate (CAGR) of 11.9% during 2025-2031. This growth aligns with several Sustainable Development Goals (SDGs), including SDG 7 (Affordable and Clean Energy), SDG 9 (Industry, Innovation, and Infrastructure), and SDG 12 (Responsible Consumption and Production).

Market Segmentation

1. By Type: Organic, Inorganic, Bio-Based
2. By Application: Building & Construction, Refrigeration, Consumer Goods, Others

Key Drivers and SDG Alignment

The APCM market growth is driven by increasing energy efficiency demands, sustainability mandates, and innovations in temperature-sensitive technologies. These drivers strongly support SDG 7 (Affordable and Clean Energy) and SDG 13 (Climate Action).

• Energy Efficiency and Sustainability: APCMs enable passive thermal energy storage and release, reducing reliance on active energy systems and lowering carbon footprints.
• Government and Corporate Support: Enhanced policies and Environmental, Social, and Governance (ESG) commitments promote sustainable materials, supporting SDG 12 and SDG 13.
• Innovations in Bio-Based and Hybrid Materials: These materials contribute to SDG 15 (Life on Land) by reducing environmental pollution and promoting biodegradable alternatives.
• Strategic Collaborations and R&D: Focused research accelerates market expansion and technology customization, fostering SDG 9.

Trends Influencing Market Growth

Bio-Based Advanced Phase Change Materials

Bio-based APCMs, derived from natural sources such as vegetable oils and animal fats, offer biodegradable, non-toxic alternatives to petroleum-based materials. Their adoption supports:

• SDG 12: Responsible Consumption and Production through eco-friendly material use.
• SDG 13: Climate Action by lowering carbon footprints.
• SDG 15: Life on Land by reducing chemical pollution.

Government incentives and R&D in bio-material synthesis further enhance their market appeal.

Inorganic Advanced Phase Change Materials

Inorganic APCMs, including salt hydrates and metal alloys, provide high latent heat storage and cost-effectiveness. Their applications in cold chain logistics, solar power storage, and HVAC systems contribute to:

• SDG 7: Affordable and Clean Energy by improving thermal regulation and energy efficiency.
• SDG 9: Industry, Innovation, and Infrastructure through integration in large-scale projects.

Cold Chain and Packaging Sector

APCMs maintain temperature-sensitive logistics for pharmaceuticals, vaccines, perishable foods, and specialty chemicals. Benefits include:

• Reducing energy consumption and environmental impact (SDG 12).
• Supporting health and well-being by preserving medical products (SDG 3).

Construction Industry Applications

APCMs improve thermal regulation in buildings, reducing mechanical heating and cooling needs. This supports:

• SDG 11: Sustainable Cities and Communities by enhancing green building standards.
• SDG 7: Affordable and Clean Energy through energy-efficient construction.

Renewable Energy Integration

APCMs store thermal energy in solar power plants and concentrated solar power (CSP) systems, aiding grid stability and energy continuity, advancing:

• SDG 7: Affordable and Clean Energy by facilitating renewable energy adoption.
• SDG 13: Climate Action by reducing reliance on fossil fuels.

Automotive Sector

APCMs are used for battery thermal management and cabin climate control in electric vehicles (EVs), promoting:

• SDG 9: Industry, Innovation, and Infrastructure through advanced vehicle technologies.
• SDG 11: Sustainable Cities and Communities by supporting clean transportation.
• SDG 13: Climate Action by enhancing EV efficiency and safety.

Smart Textiles

Integration of APCMs in textiles for personal temperature regulation benefits:

• SDG 3: Good Health and Well-being by improving thermal comfort.
• SDG 12: Responsible Consumption and Production through innovative, sustainable fabrics.

Government Policies and Market Support

Global regulatory frameworks and incentives promote energy conservation and green material adoption, aligning with:

• SDG 7: Affordable and Clean Energy
• SDG 12: Responsible Consumption and Production
• SDG 13: Climate Action

Policies such as the Paris Agreement and net-zero emission goals encourage industries to adopt APCMs for long-term energy and cost benefits.

Regional Market Analysis

• Europe: Market leader due to stringent energy codes and sustainability emphasis, supporting SDG 11 and SDG 13.
• North America: Significant growth in renewable energy and cold chain logistics applications, advancing SDG 7 and SDG 3.

Key Market Players

• BASF (approx. 9% global market share)
• Honeywell
• Cryopak
• Entropy Solutions Inc.
• Climator Sweden AB
• Phase Change Energy Solutions
• Outlast Technologies
• Dow Building Solutions
• Chemours Company
• PCM Energy Ltd
• Rubitherm Technologies GmbH

Conclusion

The Advanced Phase Change Materials market demonstrates strong alignment with multiple Sustainable Development Goals, particularly in promoting clean energy, sustainable industrial innovation, responsible consumption, and climate action. The integration of APCMs across various sectors supports global efforts toward a sustainable and energy-efficient future.

1. Sustainable Development Goals (SDGs) Addressed or Connected

1. SDG 7: Affordable and Clean Energy
   • The article discusses the use of Advanced Phase Change Materials (APCMs) in renewable energy sectors such as solar power plants and concentrated solar power (CSP) systems, contributing to energy storage and efficiency.
   • APCMs help balance intermittent renewable energy sources and support grid stability.
2. SDG 9: Industry, Innovation and Infrastructure
   • APCMs are integrated into construction, automotive, textile, and logistics industries, promoting innovation in temperature-sensitive technologies and sustainable industrial applications.
   • R&D initiatives and strategic collaborations are emphasized.
3. SDG 11: Sustainable Cities and Communities
   • Use of APCMs in building insulation, walls, roofs, and HVAC systems improves energy efficiency and supports green building standards such as LEED.
   • APCMs contribute to net-zero building mandates and sustainable urban development.
4. SDG 12: Responsible Consumption and Production
   • Bio-based APCMs derived from natural sources promote sustainable consumption by offering biodegradable and non-toxic alternatives to petroleum-based materials.
   • The transition toward circular economies and sustainable thermal management systems is highlighted.
5. SDG 13: Climate Action
   • APCMs contribute to energy conservation, reduction of carbon footprint, and compliance with environmental standards such as the Paris Agreement.
   • They help reduce energy consumption and emissions in multiple sectors.
6. SDG 3: Good Health and Well-being
   • APCMs are used in cold chain logistics for pharmaceuticals and vaccines, ensuring thermal control and safety during transit and storage.

2. Specific Targets Under Those SDGs Identified

1. SDG 7: Affordable and Clean Energy
   • Target 7.2: Increase substantially the share of renewable energy in the global energy mix.
   • Target 7.3: Double the global rate of improvement in energy efficiency.
2. SDG 9: Industry, Innovation and Infrastructure
   • Target 9.4: Upgrade infrastructure and retrofit industries to make them sustainable, with increased resource-use efficiency and greater adoption of clean and environmentally sound technologies.
   • Target 9.5: Enhance scientific research and upgrade technological capabilities of industrial sectors.
3. SDG 11: Sustainable Cities and Communities
   • Target 11.6: Reduce the adverse per capita environmental impact of cities, including by paying special attention to air quality and municipal and other waste management.
   • Target 11.b: Increase the number of cities adopting and implementing integrated policies and plans towards inclusion, resource efficiency, mitigation and adaptation to climate change.
4. SDG 12: Responsible Consumption and Production
   • Target 12.2: Achieve the sustainable management and efficient use of natural resources.
   • Target 12.5: Substantially reduce waste generation through prevention, reduction, recycling and reuse.
5. SDG 13: Climate Action
   • Target 13.2: Integrate climate change measures into national policies, strategies and planning.
6. SDG 3: Good Health and Well-being
   • Target 3.d: Strengthen the capacity of all countries for early warning, risk reduction and management of national and global health risks.

3. Indicators Mentioned or Implied to Measure Progress

1. Market Size and Growth Rates
   • Global market size of Advanced Phase Change Materials (APCM) measured in USD millions and CAGR (Compound Annual Growth Rate) indicates adoption and scale of sustainable technologies.
   • Growth in bio-based APCMs market size and CAGR reflects progress in sustainable consumption and production.
2. Energy Efficiency Metrics
   • Reduction in energy consumption in buildings and industries through APCM integration (implied by reduced reliance on mechanical heating and cooling).
   • Improvement in thermal regulation efficiency in renewable energy systems and electric vehicles.
3. Environmental Impact Indicators
   • Carbon footprint reduction due to use of bio-based and inorganic APCMs.
   • Compliance with environmental standards such as LEED certification and Paris Agreement targets.
4. Health and Safety Indicators
   • Effectiveness of thermal packaging in cold chain logistics ensuring vaccine and pharmaceutical safety.
5. Innovation and Research Indicators
   • Number of R&D initiatives, strategic collaborations, and pilot projects involving APCMs.

4. Table: SDGs, Targets and Indicators

SDGs	Targets	Indicators
SDG 7: Affordable and Clean Energy	7.2: Increase renewable energy share 7.3: Double energy efficiency improvement rate	Market size and CAGR of APCMs in renewable energy Energy savings in solar power and CSP systems
SDG 9: Industry, Innovation and Infrastructure	9.4: Upgrade industries for sustainability 9.5: Enhance scientific research and technology	Number of R&D projects and collaborations Adoption rate of APCMs in industrial sectors
SDG 11: Sustainable Cities and Communities	11.6: Reduce environmental impact of cities 11.b: Implement integrated policies for climate action	Energy efficiency improvements in buildings using APCMs LEED certification and net-zero building compliance
SDG 12: Responsible Consumption and Production	12.2: Sustainable management of natural resources 12.5: Reduce waste generation	Market growth of bio-based APCMs Use of biodegradable, non-toxic materials
SDG 13: Climate Action	13.2: Integrate climate change measures into policies	Reduction in carbon footprint from APCM applications Compliance with Paris Agreement goals
SDG 3: Good Health and Well-being	3.d: Strengthen capacity for health risk management	Effectiveness of APCMs in cold chain logistics for vaccines and pharmaceuticals

Source: prnewswire.com