Phase change material Market Synopsis According to the MRFR analysis, the global phase change material market size was valued at USD 13,397.69 thousand in 2020 and is projected to reach USD 49,021.39 thousand by 2028 at a CAGR of 17.90%. Phase change materials (PCMs) are substances that absorb or release substantial amounts of 'latent' heat when their physical state changes, for as from solid to liquid or liquid to solid. PCMs facilitate the capacity to balance demand between energy requir...