MarketsandMarkets: Global Advanced Phase Change Material (PCM) Market Worth US$ 1,488.1 Million by 2015

June 30, 2010

DALLAS, June 30, 2010 /PRNewswire/ — The ‘Advanced Phase Change Material
Market: Global Forecast (2010 – 2015)’ analyzes the PCM market by materials
and applications and studies the major market drivers, restraints, and
opportunities for the advanced phase change material market in America, EMEA,
and Asia-Pacific.

Browse market data tables and in-depth TOC on Advanced Phase Change
Material Market: Global Forecast.
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The increasing demand for energy-saving and environment-friendly
technology is driving the growth of the global phase change material (PCM)
market. The global PCM market is expected to grow from $300.8 million in 2009
to $1,488.1 million in 2015, at an estimated CAGR of 31.7% from 2010 to 2015.
Industry participants with the most significant product developments include
BASF, Honeywell, Outlast Technologies, and Samsung.

The paraffin-based PCM market commands the largest share of the overall
PCM market in terms of value, while salt hydrate-based PCMs lead the market
in terms of volume. Building and construction forms the largest application
market due to the globally increasing demand for cooling buildings, which in
turn has arisen due to the shift from heavy thermal mass design to
lightweight architecture. While this application contributed 22% to the
global PCM market revenues in 2009, textile applications are expected to have
the highest CAGR of 38.5% from 2010 to 2015.

Scope of the report

This research report categorizes the global market for phase change
material on the basis of applications, materials, and geography; forecasting
revenues and analyzing trends in each of the following submarkets:

On the basis of applications: Building and construction, Commercial
refrigeration, HVAC, energy storage, textile, shipping and transportation and
other applications such as electronics, healthcare and telecommunications

On the basis of materials: Salt hydrates, paraffin, and other materials
such as fatty acids and eutectic salts

On the basis of geography: Americas, EMEA (Europe, Middle East and
Africa), Asia-Pacific

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SOURCE MarketsandMarkets

Source: newswire

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