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Last updated on April 18, 2014 at 10:25 EDT

Advanced Phase Change Materials (APCMs) Market is Expected to Reach USD 1,176.4 million in 2018: Transparency Market Research

August 7, 2013

ALBANY, New York, August 7, 2013 /PRNewswire/ –

According to a new report published by Transparency Market Research (
http://www.transparencymarketresearch.com) “Advanced Phase Change Materials (Paraffin,
Salt Hydrates, Others) Market for Commercial Refrigeration, HVAC, Energy, Shipping,
Building, Construction and Other Applications – Global Industry Analysis, Size, Share,
Growth, Trends and Forecast, 2012- 2018,” 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.

Browse the full report at

http://www.transparencymarketresearch.com/phase-change-material-market.html

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.

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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.

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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

Browse all Chemical Industry Research Reports @

http://www.transparencymarketresearch.com/chemical-market-reports-2.html

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