GCC Countries Phase Change Materials Market, By Equipment

Growth Outlook

• The GCC Countries Phase Change Materials Market, By Equipment market is on a steady long-term growth path. Segment value stands at roughly USD 402 Mn in 2026 and is projected to reach USD 487 Mn by 2028 — a gain of about 21% over the forecast period, translating to a CAGR in the high single digits.
• What the regional split looks like (2026): Refrigerators leads, holding roughly 51% of segment value — the single largest regional share. Cold Boxes is the second-largest contributor. Carriers make up the remainder, in descending order.
• By 2028, Refrigerators alone is expected to reach USD 250 Mn, with Cold Boxes at USD 169 Mn.

Market Dynamics

The GCC countries, namely Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Bahrain, and Oman, are major players in the global market for phase change materials (PCM). These materials, also known as thermal energy storage materials, have been gaining popularity in the region due to their ability to store and release large amounts of heat energy, making them ideal for use in various applications.

The demand for phase change materials in GCC countries is driven by the increasing focus on sustainable and energy-efficient solutions. These countries are heavily dependent on air conditioning, especially during the hot summers, which results in high energy consumption and costs. Therefore, there is a growing need for technologies that can reduce energy usage and costs, and PCMs offer a promising solution.

One of the key equipment used in the GCC countries for PCM applications is thermal energy storage (TES) tanks. These tanks are used to store large quantities of PCM, which can be used to regulate the temperature of buildings, power plants, and other industrial facilities. TES tanks are also being used in the region for concentrated solar power (CSP) plants, to store heat generated during the day and use it to produce electricity at night.

Another important equipment used for PCM applications in GCC countries is the PCM-based cooling system. This system works by utilizing the latent heat of PCM to cool the surrounding air and provide a comfortable indoor environment. It is becoming increasingly popular in residential and commercial buildings, especially in hot and humid regions like the GCC countries.

Moreover, with the increasing adoption of electric vehicles (EVs) in the region, there is a growing demand for PCMs in their thermal management systems. These materials can be used to regulate the temperature of batteries and increase their lifespan, thus making EVs more efficient and reliable.

Besides, the demand for PCM-based equipment is also being driven by the growing construction activities and infrastructure development in the GCC countries. With the rising focus on sustainable building practices, there is a growing trend towards using PCM in building envelopes, roofs, and walls, to reduce energy consumption and improve indoor comfort.

In conclusion, the demand for PCMs and related equipment in GCC countries is on the rise due to the increasing emphasis on energy efficiency and sustainability. As the region continues to invest in infrastructure projects and adopt new technologies, the market for phase change materials and their equipment is expected to witness significant growth in the coming years.