Thermal performance of SS-PCM composites, simulating building envelope conditions, is difficult to asset with traditional laboratory equipment. However, in this work, the evaluation of three SS-PCM based on eutectic fatty acid mixtures of capric-myristic (CA/MA), lauric-myristic (LA/MA) and palmitic-stearic (PA/SA) was accomplished by a testing setup that allows to test samples in steady-state and dynamic conditions. Moreover, a SS-PCM-based acrylic plaster was evaluated as a fiber cement siding finish. The obtained values were used to calculate the thermal transmittance (U-value), heat storage capacity, and thermal inertia parameters under a simulated diurnal cycle. Results showed that the use of phase change materials in powder form increase thermal lag between 148% and 180% and present a decrement factor <0.2. Furthermore, building envelopes as fiber cement siding with a SS-PCM-based acrylic plaster coating decreased 20.8% the indoor temperature, increase 67.26% the thermal lag and decrease 9% of the decrement factor. The authors are pleased to acknowledge the financial assistance of the “Ministerio de Ciencia, Tecnología e Innovación-MINCIENCIAS” through the PhD grant 758-2016-Contract 036–2016, Universidad de Antioquia and Sumicol S.A.S. The work is partially funded by the Ministerio de Ciencia, Innovación y Universidades de España (RTI2018-093849-B-C31—MCIU/AEI/FEDER, UE) and by the Ministerio de Ciencia, Innovación y Universidades—Agencia Estatal de Investigación (AEI) (RED2018-102431-T). This work is partially supported by ICREA under the ICREA Academia programme. Dr. Cabeza would like to thank the Catalan Government for the quality accreditation given to her research group GREiA (2017 SGR 1537). GREiA is a certified agent TECNIO in the category of technology developers from the Government of Catalonia.