Phase Change Materials (PCM) Market by Manufacturers, Product, Device, Regions, Type and Application, Forecast to 2030
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 Chain Technologies (US), Sasol Limited