It provides a new way to solve the worldwide the low-temperature cracking and high temperature rutting distresses of the asphalt pavement, by mixing the composite shape-stabilized phase change material (CSPCM) to asphalt mixture. The effect of CSPCM on the temperature of asphalt mixture is analyzed by the monotonic cooling test, the monotonic heating test and the outdoor simulating cycle test. The results of monotonic cooling and heating tests indicate that mixing CSPCM into asphalt mixture can increase the temperature of asphalt mixture during cooling process and decrease the temperature of asphalt mixture during heating process. It has a temperature damping effect as well. The results of outdoor simulation test shows that mixing CSPCM into asphalt mixture decreases the maximum temperature of the bottom of the specimen and increases the minimum temperature of the bottom of the specimen. It cannot change the critical temperature occurring time of the bottom of the specimen. The test results indicate that mixing CSPCM into asphalt mixture could actively adjust the working temperature of asphalt mixture, prolong the ideal temperature of asphalt mixture and improve asphalt mixture’s adaptability to the changing environment.