DALLAS, December 12, 2014 /PRNewswire/ --
The report, "Advanced Phase Change Material (PCM) Market, by Type (Organic, Inorganic & Bio-based) and Application (Building & Construction, HVAC, Shipping & Packaging, Cold Chain, Thermal Energy Storage, Textile, and Electronics) - Global Trends & Forecasts to 2019", published by MarketsandMarkets, defines and segments the advanced phase change material (PCM) market with an analysis and forecast for types and applications by volume as well as value.
Browse 101 tables and 59 figures spread through 338 Pages and in-depth TOC for "Advanced Phase Change Material (PCM) Market - Global Trends & Forecasts to 2019"
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"Building & Construction, HVAC, and Shipping, Packaging & Transportation to be the largest applications for the advanced phase change material (PCM) market"
Building & construction, HVAC, and shipping, packaging & transportation collectively accounted for more than 55% share in terms of value in 2013. Energy saving, environment friendliness, and a wide range of applications are the key growth drivers for the Advanced Phase Change Material (PCM) Market. Advanced PCM usage in a particular application and its commercialization depends upon the availability of the right grade, quality, and price. The PCM market has huge potential which can be utilized with reduction in cost of PCM as well as with advancements in macro and micro-encapsulation techniques. Currently, applications, such as thermal energy storage, textiles, and electronics have limited commercialization but possess huge potential for the growth of the advanced PCM market.
"Bio-based advanced phase change material to have the highest growth"
Inorganic PCM had the largest market share in terms of volume in 2013 while organic PCM had the major market share in terms of value. This is on account of organic PCM being more expensive than inorganic PCM's. Demand from HVAC, cold chain, thermal energy storage (TES) applications is projected to continue to drive the growth in this segment. Bio-based PCM's are projected to have a higher growth rate between 2014 and 2019 on account of the better performance characteristics, longer life cycles and the regulations in Europe and Americas.
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"Europe to lead the advanced PCM market"
Europe accounts for the major share of the global advanced PCM market and is also projected to have the highest CAGR between 2014 and 2019. This is on account of the energy efficiency regulations in effect in the region. The Americas is the second largest market for advanced PCM followed closely by Asia-Pacific. Asia-Pacific has developed as an emerging market for advanced PCM and is projected to have a high growth from 2014 to 2019.
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