Global Phase Change Materials Market Is Growing with a CAGR of 19.3 % from 2015 to 2022
The Global Phase Change Material Market is accounted for $686.73 million in 2015 and is expected to reach $2,365 million by 2022 growing at a CAGR of 19.3% during the forecast period. Decrease in operating cost, improved comfort and temperature control nature of phase change materials are the key factors driving the market growth. Lack of government subsidies and high cost of these materials is restraining the market growth.
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