Phase Change Materials Market Growth and Future Business Trends 2032 The Phase Change Materials Market is emerging as a high-growth segment within advanced materials and energy efficiency solutions, driven by increasing demand for thermal management across construction, textiles, electronics, packaging, and renewable energy applications. Valued at US$ 698 million in 2024, the market is projected to expand at a robust CAGR of 17.2% from 2025 to 2032. Rising emphasis on energy conservation, green building standards, and temperature-sensitive supply chains is significantly accelerating the adoption of phase change materials (PCMs) worldwide. https://www.analystviewmarketinsights.com/reports/report-highlight-phase-change-materials-market