Europe is the largest Phase Change Material market which also offers the highest growth over the next five years. The Americas (constituting North America and South America) ranks second in terms of market size which is closely followed by Asia Pacific.

1. Advanced Phase Change Material (PCM) Market by Type
(Organic, Inorganic & Bio-based) and Application
(Building & Construction, HVAC, Shipping & Packaging,
Cold Chain, Thermal Energy Storage (TES), Textile, and
Electronics) - Global Trends & Forecasts to 2019
Published by
MarketsandMarkets
Report Code : AD 2999

2. The report "Advanced Phase Change Material Market, (PCM) by Type (Inorganic,
Organic) & Application (Building & Construction, Cold Storage, Thermal Energy
Storage, Electronics)- Global Trends & Forecast to 2018" defines and segments the
global PCM market with analysis and forecasting of the global revenue and volume.
The phase change material market is estimated to grow from $460 million in 2013 to
$1,150 million by 2018, growing with a CAGR of 20.1% during the same period.
Advanced phase change material (PCM) are products that store and release thermal
energy in the form of latent heat upon changing from one phase to another (that is
melting or freezing). Due to such properties, PCM are used in a wide array of
applications.

3. Browse >>
101 market data tables, 59 figures, 338 pages and in-depth TOC on “Advanced
Phase Change Material Market (PCM), by Type (Inorganic, Organic and Bio-based)
& Application”
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4. The increasing demand for energy-saving and environment-friendly technology is
driving the growth of the global phase change material (PCM) market. The
development of new products and market shift towards bio-based phase change
material will surge the demand in future. With new and improved products, companies
can provide more application specific solutions and hence, increase the demand.
Industry participants with the most significant product developments include BASF
(Germany), Honeywell (China), Outlast Technologies (U.S.), and Sonoco (U.S.).
Currently, building & construction is the major application of PCM followed by HVAC
(heating, ventilation and air-conditioning). Thermal energy storage, and shipping,
packaging & transportations also have significant market sizes. These applications are
more matured in commercialization cycle as compared to textile and electronics. PCM
usage in a particular application and its commercialization depends upon the
availability of right grade. This market has vast potential which can be utilized with
reduction in cost of PCM as well as macro and micro-encapsulation technique.

5. Most of the key players are located in Europe and North America where the market
is consolidated with respect to individual applications. Asia-Pacific stands just next
to these two regions where this market has been developing with an increasing
awareness.
Building & construction is the major application for the advanced PCM market. It
accounted for20% of the market share in terms of volume, in 2013. Shipping,
packaging & transportation, textiles, and electronic applications of advanced PCM
are projected to experience high growth among the applications between 2014 and
2019.
This report estimates the advanced PCM market for 2014, and projects its expected
demand till 2019. It also provides a detailed qualitative and quantitative analysis of
the advanced PCM market. Various secondary sources, such as encyclopedias,
directories, and databases have been used to identify and collect information that
is useful for this extensive commercial study. The primary sources for the report
include experts from related industries and suppliers who have been interviewed to
obtain and verify critical information as well as to assess the future prospects of the
advanced PCM market.

6. Scope of the report
This research report categorizes the market for advanced phase change material
(PCM) on the basis of product type, application, and region in terms of revenues and
analyzing trends in each of the sub markets.
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