Share this article Share this article ResearchAndMarkets.com's offering. The advanced phase change materials market is currently being catalyzed by a rising demand for energy efficient and environment friendly technology. According to the publisher, this market reached a value of US$ 1,475 Million in 2020. Based upon their unique structure, these materials have the ability to absorb, store and release energy during a phase transition. During the energy conversion process, these materials can be converted from liquid to solid or solid to liquid based upon their application. This makes them ideal for a diverse range of end uses which require temperature control. The material, during the transition process, absorbs energy as it changes from a solid to a liquid and releases energy as it changes back to a solid.