![]() ![]() In addition, its non-flammable nature is another reason driving its growth and demand. This is because of the increasing demand for inorganic PCM from the cold chain & packaging and refrigeration & equipment applications. Inorganic PCM is expected to be the fastest-growing segment, in terms of both volume and value, from 2020 to 2025. "Inorganic PCM to be the fastest-growing type during the forecast period. Request to Fill The Form To get Sample Copy of This Report: The factors restraining the growth of this market is lack of awareness about PCM and lack of government subsidies. In addition, its demand from various application segments such as building & construction, HVAC, cold chain & packaging, thermal energy storage, textiles, and electronics among others. The growth is primarily due to the growing demand for energy efficient products in various sectors. The global phase change material market is expected to reach USD 889 million by 2025 from USD 423 million in 2020, at a CAGR of 16.0% from 2020 to 2025. Japan, Japan, Mon, 23:51:13 / Comserve Inc.
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