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Chemicals & Materials
South Korea Phase Change Materials Market, By End-user
| Label | -20 to -35 deg C | 2 to 8 deg C | 10 to 15 deg C | Others |
|---|---|---|---|---|
| 2019 | 45.23 USD Mn | 121.03 USD Mn | 27.22 USD Mn | 21 USD Mn |
| 2020 | 48.67 USD Mn | 131.07 USD Mn | 29.1 USD Mn | 22.09 USD Mn |
| 2021 | 55.34 USD Mn | 149.97 USD Mn | 32.86 USD Mn | 24.53 USD Mn |
| 2022 | 64.1 USD Mn | 174.84 USD Mn | 37.82 USD Mn | 27.75 USD Mn |
| 2023 | 74.86 USD Mn | 205.47 USD Mn | 43.87 USD Mn | 31.62 USD Mn |
| 2024 | 87.28 USD Mn | 241.08 USD Mn | 50.81 USD Mn | 35.95 USD Mn |
| 2025 | 101.88 USD Mn | 283.17 USD Mn | 58.91 USD Mn | 40.89 USD Mn |
| 2026 | 117.2 USD Mn | 327.81 USD Mn | 67.31 USD Mn | 45.81 USD Mn |
| 2027 | 135.09 USD Mn | 380.18 USD Mn | 77.05 USD Mn | 51.38 USD Mn |
| 2028 | 156.12 USD Mn | 442.09 USD Mn | 88.43 USD Mn | 57.73 USD Mn |
Data Source: Wantstats Repository
Growth Outlook
- The South Korea Phase Change Materials Market, By Temperature Range market is on a steady long-term growth path. Segment value stands at roughly USD 558 Mn in 2026 and is projected to reach USD 744 Mn by 2028 — a gain of about 33% over the forecast period, translating to a CAGR in the double digits.
- Of the 4 groups compared here, 2 to 8 deg C is out front by 2028 at 442. 09M USD — 59% of the group total.
- What the regional split looks like (2026): 2 to 8 deg C leads, holding roughly 59% of segment value — the single largest regional share. -20 to -35 deg C is the second-largest contributor. 10 to 15 deg C and Others make up the remainder, in descending order.
- By 2028, 2 to 8 deg C alone is expected to reach USD 442 Mn, with -20 to -35 deg C at USD 156 Mn.
Market Dynamics
Of the 4 groups compared here, 2 to 8 deg C is out front by 2028 at 442.09M USD — 59% of the group total.
Second place: -20 to -35 deg C, 156.12M USD, trailing 2 to 8 deg C by 65%.
2 to 8 deg C: up 265% over the period, 121.03M USD to 442.09M USD.
-20 to -35 deg C: 45.23M USD in 2019 to 156.12M USD by 2028, up 245%.
10 to 15 deg C grows to 88.43M USD by 2028, from 27.22M USD in 2019 — 225% up.
Others: 21.00M USD to 57.73M USD, 175% higher by 2028.
Add every series together and the total reaches 744.37M USD by 2028, 247% above the 2019 combined figure of 214.48M USD.
Reading This As A Comparison
There are 4 separate series stacked into this one chart. Look at relative size and relative movement, not just whichever line sits highest.
The largest series today is not guaranteed to stay largest — check the growth rate of each group, not just its current size, before projecting the ranking forward.
Use this chart to size the South Korea Phase Change Materials market and to compare how fast it is expected to grow against adjacent markets — it works best as an input to a market-entry or investment decision, not as a standalone verdict.
Figures before the 2018 base year are historical estimates; the years through 2028 are projections built from industry data, company revenues, and primary interviews. Forecasts are revised as new data comes in, so check the full report for the latest assumptions.
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Noah Malgeri
Co-Founder, Mojave Rail Fabrication Limited
This is really good guys. Excellent work on a tight deadline. I will continue to use you going forward and recommend you to others. Nice job.
Michael Robert
Manager, JavolVision
Thanks, I am so happy that we worked together. Maybe we still can work together in the future.
Joseph Aguayo
Sales Operations & Pricing Manager, Intel
Thanks. It's been a pleasure working with you, please use me as reference with any other Intel employees.
Bong Lau
Sales Leader, Bamberg
We bought your "2025 report" in 2020. Everything is fine and very good.
Peter Groot Koerkamp
Account and Business Manager, EFS-Holland BV
Thanks for sending the report it gives us a good global view of the Betaïne market.
Younghwan Choi
Senior Retail Manager, LG Chem
We found the report very insightful! we found your research firm very helpful. I'm sending this email to secure our future business.
Mark Irwin
Management Consultant, Level 21
I am very pleased with how market segments have been defined in a relevant way for my purposes (such as "Portable Freezers & refrigerators" and "last-mile"). In general the report is well structured. Thanks very much for your efforts.
Rob Kooiker
Group Product Manager HVAC & Fire Protection GMA, Rockwool
I have been reading the first document or the study, the Global HVAC and FP market report 2021 till 2026. Must say, good info! I have not gone in depth at all parts, but got a good indication of the data inside!
Jason Lee
R&D Director, Seojin
Thanks for your great support. Appreciate it. Well received report. It helps us to understand market well. We're planning other area of survey in the future, let's keep in touch.
Akif Moroglu
Strategy & Business Development Director, Dogan Holding
We got the report in time, we really thank you for your support in this process. I also thank to all of your team as they did a great job.