According
to a new market report published by Transparency Market Research "
Advanced Phase Change Materials (APCMs) Market
- Global Industry Analysis, Size, Share, Growth, Trends and Forecast
2013 - 2019", the market was valued at USD 11.16 billion in
2012, and is expected to reach USD 15.90 billion by 2019, growing at
a CAGR of 5.2% from 2013 to 2019. Lack of adequate power
infrastructure and increasing demand for reliable electricity
delivery are the major driving forces of this market.
http://www.transparencymarketresearch.com/phase-change-material-market.html
Advanced
Phase Change Materials Market for Commercial Refrigeration, HVAC,
Energy, Shipping, Building, Construction and Other Applications"
the global advanced phase change materials market was valued at USD
350.0 million in 2011 and is expected to be USD 1,176.4 million in
2018, growing at a CAGR of 19.5% from 2012 to 2018.
Technological
advancements and developments of APCMs have provided an alternative
to reduce energy consumption. APCMs have a wide range of applications
in industries such as building and construction, energy storage, HVAC
and others. The growth of construction segment in China, India and
Brazil, coupled with increase need for energy conservation is
expected to drive APCM demand over the next five years. In addition,
APCMs provide the highest heat storage capacity as compared to any
other conventional materials such as wood, water or plastic resulting
in increased use in segments such as textile and temperature
controlled packaging. However, the hazardous nature of chemicals used
as phase change materials is expected to restrain the growth of the
market. Lack of government initiative and support towards the
development and implementation of PCM is a major challenge faced by
the APCMs manufacturers.
Paraffin-based
phase change materials were the largest product segment in 2011,
accounting for over 50% of the global APCM revenue. The other APCM
product segment includes bio based materials expected to show fastest
growth as compared to other sectors owing to favorable regulatory
scenario and increased R&D initiatives.
Construction
industry was the largest application segment for phase change
materials market and was valued over USD 95 million in 2011. The
increasing need for energy efficient buildings and rapid construction
activities in emerging economies is expected to drive the growth
APCMs market over the forecast period.
Europe
was the largest market for phase change materials followed by North
America with each region accounting for over 30% of the revenue in
2011. The increased awareness about energy conservation and
government regulations favoring business which lead to energy saving
is expected to drive the market in these regions over the next six
years.
The
study provides a detailed view of the advanced phase change material
market in terms of revenue for a period ranging from 2012 to 2018.
The market has been segmented based on product segments, applications
and regions. The applications have been further split based on their
revenue in various regions. The report segments the APCMs market as:
Advanced
Phase Change Materials Market: Product Segment Analysis
Paraffin
Salt
Hydrates
Others
(Bio- APCM)
Advanced
Phase Change Materials Market: Application Analysis
Building
and construction
Commercial
refrigeration
HVAC
Energy
storage
Shipping
and transportation
Others
(Textiles, Protective clothing)
The
report comprises of advanced phase change materials revenue for every
application segment in the following regions:
North
America
Europe
Asia
Pacific
Rest
of World
About
Us
Transparency
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