Phase Change Materials Market Forecasted for Robust Long-Term Expansion
Market Overview
The global phase change material market was valued at USD 479.9 million in 2021 and is expected to grow at a CAGR of 15.9% during the forecast period.
Growing concerns over climate change, rising energy costs, and the global push toward carbon neutrality are key factors fueling PCM adoption. By stabilizing temperature fluctuations, PCMs reduce reliance on conventional...