Advanced Phase Change Materials Market Analysis 2024-32

Imracrahul03 Oct, 2024Business

The global advanced phase change materials market size reached US$ 1.6 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 4.2 Billion by 2032, exhibiting a growth rate (CAGR) of 11.1% during 2024-2032. A considerable rise in the demand for energy-efficient solutions, increasing emphasis on sustainability and environmental conservation, and continual advancements in thermal management technologies in the automotive industry are some of the major factors propelling the market.