Phase Change Materials (PCM) Market Size, Share, Growth Rate, Trends, Analysis, Future Scope, Forecast To 2030
Phase Change Materials Market Synopsis Phase Change Materials Market is expected to register over 16% CAGR to reach USD 4.2 billion by end of 2025. Phase Change Materials (PCMs) are known as thermal energy storage materials being widely used as a reliable source of energy to maintain required temperatures in a broad range of end-use industries. These materials change state from a solid to a liquid or from a liquid to a solid. The growth of the phase change materials market is primarily driven by rising demand for energy-efficient construction materials in the building and construction industry. Competitive Analysis Some of the key players in the global phase change materials are Global- E-Systems Europe B.V. (Netherlands), PCM Products Ltd (UK), Henkel AG & Co. KGaA (Germany), Croda International Plc (UK), Laird (UK), Cryopak, A TCP Company (US), Phase Change Energy Solutions Inc. (US), PURETEMP LLC (US), Microtek Laboratories, Inc. (US), Honeywell International Inc. (US), Cold