Phase Change Materials: Companies, Startups and Research

Explore the materials, organizations and research shaping phase change materials, from thermal storage and building systems to battery and electronics cooling.

Updated 19 October 2026Based on 46,807 documents
2.8k
Organizations active (24 mo)
-14% activity YoY
35
Startups (young or venture-backed)
29
Funding rounds (24 mo)
$421.1B disclosed
4.7k
Publications in 2025
-6% vs 2024

Phase change materials in 2026: overview

Phase change materials (PCMs) absorb or release latent heat as they change state, buffering temperature without continuous power. Their value spans building envelopes, thermal storage, batteries, electronics and cold-chain packaging. The engineering challenge is to match transition temperature and storage capacity to the duty cycle while preventing leakage, improving heat transfer and preserving mechanical and chemical stability over repeated cycling. This makes composite design and system-level heat exchange as important as the base material.

Recent work is tackling those bottlenecks through porous supports, encapsulation and conductive additives. In September 2026, researchers from Indian Institute of Technology Jodhpur, Sunway University and United Arab Emirates University reported a porous hybrid matrix designed to improve heat transport and suppress leakage in organic PCMs. A September 2026 study from China Jiliang University and Zhejiang University used silica-shelled microcapsules and carbon nanostructures to address low conductivity and leakage. Separately, Johns Hopkins University Applied Physics Laboratory demonstrated a 3D-printed phase-change heatsink in September 2026, pointing to compact passive cooling as a practical direction.

  • 1Conductivity meets containment: Porous supports and conductive fillers target the linked problems of slow heat transfer and leakage that limit practical PCM deployment.
  • 2Composites lead the work: Composite and shape-stabilized materials are a prominent research direction, with designs spanning biomass supports, carbon additives and metal matrices.
  • 3Thermal uses diversify: Research and development extend from building and industrial heat storage to battery, electronics and solar-thermal management.
Summary generated from Linknovate data on 19 October 2026.

Top organizations working on phase change materials

Ranked by Linknovate activity score · last 24 months

The activity score adds up the relevance of every patent, publication, grant and news item linking an organization to phase change materials. Showing 7 of 2,774 organizations.

#OrganizationApproachSignals (24 mo)MomentumWhy it matters
1
Xi'an Jiaotong University Research · China
Encapsulated materials PUB 170 +15% Recently, researchers investigated PCM storage-system geometries and fin designs to improve heat transfer and thermal-storage performance; its work also reviews micro- and nanoencapsulated PCMs to address leakage.
2 Composite and shape-stabilized materials PUB 135 · NEWS 1 -11% Recently, researchers developed graphene–carbon nanotube phase-change composites for improved heat transport and photothermal conversion, alongside flame-retardant PCMs for battery thermal management.
3 Composite and shape-stabilized materials PUB 148 · NEWS 3 +32% Recently, researchers developed phase-change composites with biomimetic fibrous structures for photothermal conversion and energy storage, and studied carbon-supported PCMs to improve thermal performance and limit leakage.
4
King Khalid University Research · Saudi Arabia
Composite and shape-stabilized materials PUB 132 -3% Recently, researchers experimentally investigated a gallium–hexagonal boron nitride composite PCM for lithium-ion battery thermal management; other work models paraffin-based latent-heat storage systems.
5 Composite and shape-stabilized materials PAT 1 · PUB 114 -2% Recently, researchers developed galactitol–sodium pyrophosphate composite PCMs for cascade heat storage at 180–250 °C and fabricated geopolymer composites using waste cyanobacterial powder.
6 Composite and shape-stabilized materials PAT 3 · PUB 81
NEWS 1
+58% Recently, researchers developed copper-coated recycled-fiber/paraffin composites for thermal storage, while other work incorporates biomass-based shape-stabilized PCMs into building materials.
7 Encapsulated materials PUB 90 · NEWS 6 -19% Recently, researchers developed hierarchical 3D microencapsulated phase-change composites for thermal management and solar-thermal conversion; related work examines microencapsulated PCMs in anti-icing coatings.
8
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GRANTS 0 · NEWS 00
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9
··Hidden organizationCompany
ApproachPAT 00 · PUB 00
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10
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ApproachPAT 00 · PUB 00
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+2,767 more organizations
Including 35 startups and 2,277 universities & research centers. Filter by country, approach and maturity.

Startups to watch and leading research centers

Startups to watch 35 total

Young and venture-backed companies with the highest activity score.
  • Cowa Thermal SolutionsSwitzerlandRecently, Cowa filed patents covering a sodium acetate trihydrate eutectic PCM and a PCM composition with thermally conductive fillers and expanded graphite.
  • ZeroaviaUnited StatesZeroAvia's patent describes fuel-cell thermal management for aircraft using phase-change thermal storage to reduce cooling-system mass and parasitic power.
  • MR
    Mawson RoversAustraliaRecently, a triply periodic minimal-surface heat sink containing PCM was demonstrated in orbit aboard the Matilda payload on the Waratah Seed-1 CubeSat for satellite avionics thermal management.
  • ··
    Hidden startupCountryAvailable to registered users, with funding and founding year.
  • ··
    Hidden startupCountryAvailable to registered users, with funding and founding year.
See all 35 startups, with funding and founding year

Leading research institutions 2,277 total

Ranked by publications, patents, grants and news in the last 24 months.
  • Xi'an Jiaotong UniversityChinaRecently, researchers investigated PCM storage-system geometries and fin designs to improve heat transfer and thermal-storage performance; its work also reviews micro- and nanoencapsulated PCMs to address leakage.
  • Guangdong University of TechnologyChinaRecently, researchers developed graphene–carbon nanotube phase-change composites for improved heat transport and photothermal conversion, alongside flame-retardant PCMs for battery thermal management.
  • King Khalid UniversitySaudi ArabiaRecently, researchers experimentally investigated a gallium–hexagonal boron nitride composite PCM for lithium-ion battery thermal management; other work models paraffin-based latent-heat storage systems.
  • ··
    Hidden research institutionCountryAvailable to registered users, with their key researchers.
  • ··
    Hidden research institutionCountryAvailable to registered users, with their key researchers.
See all research groups and their key researchers

Where phase change materials innovation happens

China
34.8%
United States
20.9%
India
10.5%
United Kingdom
7.0%
Germany
4.9%
South Korea
4.3%
Japan
4.3%
France
3.9%
Iran
3.4%
Saudi Arabia
3.0%
Rest of worldEurope

Share of documents with at least one organization from each country.

Open the interactive map with all 2,774 organizations

Main technical approaches

Last 24 months
ApproachWhat it isDocumentsLeading organizations
Organic materialsOrganic PCMs offer tunable thermal storage, but low conductivity and leakage during melting can limit performance. 1,680
PCM, Chinese Academy of Sciences CAS, GLA University
Inorganic materialsInorganic PCMs can serve higher-temperature storage needs, but corrosion, stability and material compatibility require attention. 1,082
PCM, Xi'an Jiaotong University, Guangdong University of Technology
Eutectic mixturesEutectic mixtures combine components to tailor transition behavior, with formulation and long-term stability as key trade-offs. 849
Xi'an Jiaotong University, King Fahd University of Petroleum & Minerals, King Saud University
Composite and shape-stabilized materialsComposites confine PCM within a supporting matrix to reduce leakage and improve heat transfer, while adding material and fabrication complexity. 3,444
Xi'an Jiaotong University, University of Science and Technology Beijing, Guangdong University of Technology
Encapsulated materialsEncapsulation contains PCM in protective shells for integration into other materials, but shell design can affect heat transfer and durability. 749
Chang'an University, Hokkaido University, College Engineering

Funding and investment

$421.1B
Disclosed private funding, 29 rounds in the last 24 months
$188.5M
Public grant funding since 2020, across 143 grants
35
Startups active in the last 24 months

Recent funding rounds

Jan 2026
TSMC Taiwan
$100BStrategic Round
Dec 2025
STMicroelectronics Switzerland
$527MLending Capital
Month 20XX
Hidden organization Country · investors
$00MSeries X
Month 20XX
Hidden organization Country · investors
$00MSeries X
See all 29 rounds, with investors and amounts

Funding data records 143 grants totaling $188,504,020 since 2020. These figures indicate recorded grant activity, not necessarily funding dedicated exclusively to phase change materials.

Patent landscape

Top patent holders · last 24 months
STMicroelectronics
43
Taiwan Semiconductor Manufacturing Company
36
LG Corp
29
Huawei
29
Contemporary Amperex Technology Co. Ltd
28
See every patent holder and their full portfolio

Recent developments

Latest news, duplicates removed
  • Sep 2026
    Dublin, Sept. 24, 2026 (GLOBE NEWSWIRE) -- "Phase Change Material Market - Global Forecast 2026-2032" has been added to ResearchAndMarkets.com's offering. The Phase Change Material Market research report examines a…
    GlobeNewswire - Research Analysis And Reports
  • Sep 2026
    The conversation around cold chain has shifted. For years, packaging sat at the end of the procurement queue, specified late and bought on price. That posture is breaking down. As biologics, cell therapies, and…
    GlobeNewswire - Advisory
  • Sep 2026
    Johns Hopkins APL has 3D-printed a phase-change heatsink that cuts size and weight by more than half. Engineers at the Johns Hopkins University Applied Physics Laboratory have developed a heatsink that is additively…
    Electronics For You
  • Aug 2026
    Designing a Closed‑Loop Energy System From Blueprints, Not Factories I’ve spent several years developing two energy systems that grew out of a simple conviction: renewable energy should not create new ecological…
    Startup on Medium
  • Month 20XX
    Hidden development
    Available to registered users with alerts enabled.
Get alerts for new phase change materials developments

Frequently asked questions about phase change materials

What companies are working on phase change materials?

STMicroelectronics, Taiwan Semiconductor Manufacturing Company and LG Corp are among the leading patent holders listed for phase change materials. Contemporary Amperex Technology Co. Ltd, Huawei and Samsung also appear among the top holders. These names indicate patent activity in the topic, but do not by themselves establish that each company sells PCM products.

Which phase change materials startups are the most promising in 2026?

Cowa Thermal Solutions, Zeroavia and Mawson Rovers are identified startups with phase-change-related work. Cowa has patents for a sodium acetate trihydrate eutectic PCM and conductive filler compositions. Zeroavia describes PCM thermal storage for aircraft fuel-cell cooling, while Mawson Rovers is associated with an in-orbit PCM heat sink demonstration.

Which universities and research centers lead phase change materials research?

Xi'an Jiaotong University, Chinese Academy of Sciences CAS and Guangdong University of Technology are among the prominent research organizations in the data. Their work includes storage-system geometries, micro- and nanoencapsulation, carbon-based composites and photothermal conversion. Other active groups include King Khalid University and Hefei University of Technology.

How much funding has phase change materials received?

The data lists 143 grants totaling $188,504,020 since 2020. Treat this as recorded grant activity associated with the topic, rather than a verified total of funding devoted exclusively to PCM research. The available figures do not identify a single program or grant as the definitive source of support.

Who holds the most phase change materials patents?

STMicroelectronics leads the listed patent holders with 43 patents, followed by Taiwan Semiconductor Manufacturing Company with 36. LG Corp and Huawei each have 29, while Contemporary Amperex Technology Co. Ltd has 28. These figures describe the patent-holder counts in FACTS and do not indicate ownership of every relevant patent worldwide.

Is phase change materials patent activity growing?

No: the reported patent growth is -51.4%, with 1,171 patents in the defined window. Publication activity is also down, by 5.5% year over year, while the overall activity growth figure is -14.0%. These indicators describe recent recorded activity and do not establish whether any particular application or technical approach is growing.

What are the latest developments in phase change materials?

Recent work includes an engineered porous hybrid matrix for improved heat transport and leakage suppression, reported in September 2026 by Indian Institute of Technology Jodhpur, Sunway University and United Arab Emirates University. A study from China Jiliang University and Zhejiang University explored silica-shelled microcapsules with carbon nanostructures. Johns Hopkins University Applied Physics Laboratory also reported a 3D-printed phase-change heatsink.

What are the main approaches in phase change materials and how do they differ?

The main approaches are organic materials, inorganic materials, eutectic mixtures, composite and shape-stabilized materials, and encapsulated materials. Organic and inorganic describe material families; eutectics combine components to tailor thermal behavior. Composites use a supporting matrix to limit leakage or improve heat transfer, while encapsulation contains the PCM within a shell for integration into other materials.

Which countries lead phase change materials?

China leads the listed country totals with 16,310 documents, followed by the United States with 9,762 and India with 4,904. The United Kingdom and Germany follow with 3,261 and 2,306 documents, respectively. These figures reflect recorded documents, not a direct measure of product deployment or commercial leadership.

What are the applications of phase change materials?

The listed applications include batteries and electric vehicles, electronics and data centers, thermal energy storage, buildings and HVAC, cold-chain packaging, and textiles and personal comfort. Batteries and electric vehicles have 1,330 documents, while electronics and data centers have 993 and thermal energy storage has 880. The areas differ in required transition temperatures, heat loads and system integration.

Go beyond the top 7

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