Phase Change Materials Market is likely to witness an impressive CAGR of 18.2% during the forecast period.

Phase Change Materials Market was valued at $1,520.3 million in 2020 and is expected to reach $8,956.8 million by 2031, growing at a CAGR of 17.54% between 2021 and 2031.

Furthermore, the anticipated demand for energy storage in several sectors will lead to an augmented demand for phase change materials, and this demand is projected to increase with a substantial compound annual growth rate (CAGR) of 19% during the forecas...