Top 20 Companies China Phase Change Materials Market in (2025-2033): Metastat Insights Analysis

The China Phase Change Materials Market is valued at USD 602.9 Million in 2025 and is projected to reach USD 1,536.5 Million by 2033, growing at a CAGR of 12.4%. This market encompasses a variety of materials used for thermal energy storage, including organic, inorganic, and eutectic phase change materials. Key applications span several industries, including construction, healthcare, and electronics, with driving factors such as the rising demand for energy-efficient solutions and advancements in thermal management technologies.

China's commitment to energy sustainability and innovative thermal solutions supports growth in the phase change materials sector. With increasing investments in renewable energy and temperature-sensitive logistics, the market is expected to experience significant expansion in the coming years.

China Phase Change Materials Market Size, Data, & Statistics

The market size in 2021 was USD 381.9 Million. Growth continued in 2022, reaching USD 425.8 Million. By 2023, the market size further increased to USD 480.3 Million, and in 2024, it rose to USD 534.6 Million. The market is expected to grow to USD 602.9 Million in 2025.

Forecasts indicate that the market will increase to USD 679.5 Million in 2026 and USD 764.9 Million in 2027. The market is projected to reach USD 861.5 Million in 2028 and USD 961.1 Million in 2029. By 2030, it is expected to reach USD 1,085.7 Million, and in 2031, the size will be USD 1,222 Million.

In 2032, the market is expected to reach USD 1,376.1 Million, culminating in a forecast of USD 1,536.5 Million by 2033. This growth represents a compound annual growth rate (CAGR) of 12.4% from 2025 to 2033.

The regional shares for phase change materials indicate that Organic PCM accounts for 1%, Inorganic PCM constitutes 2%, and Eutectic PCM represents 3%. Other categories account for respective shares of 4%, 5%, 6%, 7%, 8%, 9%, and 10%.

Top 10 Trends in the China Phase Change Materials Market

Focus on energy efficiency drives material innovation

Increasing energy efficiency demands lead to innovations in phase change materials. Companies prioritize developing materials that enhance thermal storage capabilities while reducing costs, attracting a wider range of industries.

Expansion of applications in renewable energy

As the renewable energy sector expands, phase change materials are increasingly applied in energy storage systems. This trend enhances grid stability and supports the integration of intermittent energy sources.

Growth in consumer thermal comfort products

The rising consumer demand for thermal comfort products fuels market expansion. Manufacturers focus on developing innovative solutions that improve home and personal climate control using phase change materials.

Advancements in battery thermal management solutions

The shift to electric mobility drives the development of advanced thermal management solutions for batteries. Phase change materials play a vital role in ensuring optimal battery performance and longevity.

Increased focus on medical and therapeutic applications

Medical and therapeutic applications are emerging as key areas for phase change materials. Companies explore solutions for temperature-sensitive medications and therapies, enhancing patient care.

Technological advancements in manufacturing processes

Continuous technological advancements in manufacturing processes improve the efficiency and scalability of phase change material production. This trend enhances product availability and reduces lead times.

Growing adoption in smart building systems

The integration of phase change materials into smart building systems promotes energy efficiency. This trend encourages the use of innovative thermal management solutions in building designs.

Regulatory support for energy-efficient building standards

Regulatory bodies advocate for energy-efficient building standards, driving demand for phase change materials. Companies align their product offerings with these standards to enhance market competitiveness.

Investment in research and development

Increased investment in research and development activities leads to the discovery of new phase change materials. This trend supports the development of diverse applications across multiple industries.

Collaboration between industry and academia

Collaboration between industry and academic institutions drives innovation in phase change materials. These partnerships promote knowledge exchange and accelerate the commercialization of new technologies.

Top 20 Companies in the China Phase Change Materials Market

1. Hainan Coinno Intelligent Technology Co., Ltd. (Coolinno)

Founded: 2010

Hainan Coinno Intelligent Technology Co., Ltd., known as Coolinno, specializes in the development and production of phase change materials that cater to various applications. The company focuses on enhancing energy efficiency and thermal management solutions, particularly in building and HVAC systems. By leveraging advanced technology, Coolinno aims to provide high-performance materials that meet evolving market demands.

2. Ningbo Thermal New Energy Technology Co., Ltd.

Founded: 2008

Ningbo Thermal New Energy Technology Co., Ltd. engages in the research and development of phase change materials and thermal energy storage systems. Its products are widely used in the construction and automotive sectors, emphasizing sustainability and effective thermal management. The company’s commitment to innovation drives its ability to offer efficient solutions tailored to diverse customer needs.

3. Qingdao Thermal New Materials Co., Ltd.

Founded: 2009

Qingdao Thermal New Materials Co., Ltd. focuses on the production of various phase change materials for industrial and commercial applications. The company emphasizes sustainable practices and aims to reduce energy consumption through its innovative product offerings. With a strong emphasis on research and development, Qingdao is positioned to meet the growing needs of the thermal management market.

4. Hangzhou Feijie Technology Co., Ltd.

Founded: 2015

Hangzhou Feijie Technology Co., Ltd. specializes in advanced thermal management materials, including phase change materials. The company focuses on developing products for electronics cooling and energy storage applications. With a strong emphasis on quality and performance, Feijie Technology continuously enhances its offerings to serve diverse market segments effectively.

5. Shanghai Ru Entropy Co., Ltd. (Ru Entropy / PCMCOOL)

Founded: 2013

Shanghai Ru Entropy Co., Ltd., branded as Ru Entropy or PCMCOOL, is known for its innovative phase change materials designed for various applications, including building and HVAC systems. The company emphasizes research and development to enhance thermal performance and energy efficiency. Ru Entropy's commitment to sustainability drives its mission to provide environmentally friendly solutions to its customers.

6. Sichuan Aishipaier New Material Technology Co., Ltd.

Founded: 2014

Sichuan Aishipaier New Material Technology Co., Ltd. focuses on developing advanced phase change materials for a range of applications, including thermal energy storage. The company’s innovative approach seeks to deliver high-performance materials that enhance energy efficiency in various sectors. Aishipaier is dedicated to meeting customer needs through continuous improvement and technological advancement.

7. Croda International Plc

Founded: 1925

Croda International Plc is a global specialty chemical company that produces a variety of high-performance materials, including phase change materials. The company serves multiple industries, including pharmaceuticals and personal care, with a focus on sustainability and innovation. Croda's extensive experience and commitment to quality position it as a significant player in the phase change materials market.

8. Honeywell International Inc.

Founded: 1885

Honeywell International Inc. is a diversified technology and manufacturing company that develops a range of products, including phase change materials for thermal management applications. The company emphasizes innovation and efficiency, providing solutions across various sectors, including aerospace and building automation. Honeywell’s global presence and expertise contribute to its influential role in the market.

9. Guangzhou Cesin Cold Chain Technology Co., Ltd.

Founded: 2015

Guangzhou Cesin Cold Chain Technology Co., Ltd. focuses on providing temperature-controlled solutions, including advanced phase change materials. The company caters to the cold chain logistics and transportation sectors, emphasizing reliability and performance. Cesin's innovative products support the growing demand for effective temperature management in various industries.

10. Wuhan Zhongke Advanced Materials Technology Co., Ltd.

Founded: 2010

Wuhan Zhongke Advanced Materials Technology Co., Ltd. specializes in developing and manufacturing phase change materials for industrial applications. The company focuses on enhancing energy efficiency and sustainability through its innovative product offerings. Zhongke’s commitment to research and development positions it to meet the evolving needs of the market effectively.

11. Henkel AG & Co. KGaA

Founded: 1876

Henkel AG & Co. KGaA is a global leader in consumer and industrial goods, producing a variety of products, including phase change materials. The company emphasizes sustainability and innovation in its offerings, serving diverse industries such as construction and automotive. Henkel's commitment to research and development drives its ability to provide high-quality thermal management solutions.

12. Parker Hannifin Corporation

Founded: 1917

Parker Hannifin Corporation is a global leader in motion and control technologies, including advanced thermal management solutions and phase change materials. The company focuses on providing innovative solutions for various industries, ensuring energy efficiency and reliability. Parker Hannifin's extensive expertise supports its strong position in the phase change materials market.

13. Boyd Corporation

Founded: 1927

Boyd Corporation specializes in thermal management solutions, producing a range of products including phase change materials for electronics and industrial applications. The company's focus on innovation and quality drives its efforts to meet customer needs across multiple sectors. Boyd’s commitment to sustainability enhances its offerings and market presence.

14. Environmental Process Systems (Asia Pacific) Limited

Founded: 1993

Environmental Process Systems (Asia Pacific) Limited focuses on providing sustainable thermal management solutions, including phase change materials for various applications. The company emphasizes innovation in product development, catering to industries such as construction and packaging. Its commitment to environmental sustainability positions it as a key player in the market.

15. Shenzhen AOCHUAN Technology Co., Ltd. (AOK)

Founded: 2016

Shenzhen AOCHUAN Technology Co., Ltd., branded as AOK, specializes in advanced thermal management solutions, including phase change materials. The company focuses on developing innovative products for electronics cooling and temperature regulation in various sectors. AOK's dedication to quality and performance drives its growth in the thermal management market.

16. Dongguan Sheen Electronic Technology Co., Ltd.

Founded: 2012

Dongguan Sheen Electronic Technology Co., Ltd. focuses on providing thermal management solutions, including phase change materials for electronics. The company's emphasis on innovation and customer service enhances its offerings, positioning it well within the competitive market. Sheen's commitment to quality ensures reliable performance in its product range.

17. Shanghai Allied Industrial Group Co., Ltd.

Founded: 1998

Shanghai Allied Industrial Group Co., Ltd. specializes in thermal management materials, focusing on the production of phase change materials for industrial and commercial applications. The company emphasizes quality and sustainability in its product offerings. With a strong commitment to research and development, Allied Industrial Group aims to meet the evolving needs of its customers.

18. Shanghai Kleber New Material Technology Co., Ltd.

Founded: 2018

Shanghai Kleber New Material Technology Co., Ltd. focuses on advancing phase change materials for various applications, including energy storage and thermal management. The company emphasizes innovation and quality in its product development efforts. Kleber aims to enhance energy efficiency and sustainability within various industries through its offerings.

19. Shenzhen Beichuan Lihe Technology Co., Ltd.

Founded: 2013

Shenzhen Beichuan Lihe Technology Co., Ltd. specializes in thermal management solutions, focusing on phase change materials for diverse applications. The company emphasizes innovation and high performance in its product range. Beichuan's commitment to advancing thermal technologies positions it strategically within the growing market.

20. Kunshan Ziitek Electronic Material Co., Ltd.

Founded: 2014

Kunshan Ziitek Electronic Material Co., Ltd. focuses on developing advanced phase change materials for electronics and industrial applications. The company emphasizes innovation and quality in its materials, aiming to provide effective thermal management solutions. Ziitek's dedication to research and development drives its growth in the competitive landscape.

Conclusion

The China Phase Change Materials market is set for considerable growth, driven by advancements in technology and increasing demand for energy-efficient solutions across various industries. The presence of diverse companies, from local innovators to global leaders, reflects the dynamic nature of this market. As customers seek effective thermal management solutions, understanding the offerings of these companies becomes essential.

By exploring the landscape of China Phase Change Materials companies, stakeholders can identify potential partnerships and innovations to enhance their operations. This analysis highlights the importance of investing in sustainable materials as industries evolve towards greater efficiency and environmental responsibility.