DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/st4gwn/advanced_phase) has announced the addition of the "Advanced Phase Change Material (PCM) Market by Type and Application - Global Trends & Forecasts to 2019" report to their offering.
The advanced PCM market is projected to register a CAGR of 20.8% between 2014 and 2019 to reach $1,472 million.
The HVAC application, that uses advanced PCM, is witnessing a CAGR of 20.7% and constitutes a significant part of the overall advanced PCM market. However, the thermal energy storage application is projected to register a high CAGR of 22.0% by 2019.
The global advanced PCM industry is witnessing high growth on account of increasing applications, technological advancements, and growing concerns over environmental regulations on reduction of green house gas emissions. PCM is used in various applications such as building and construction, cold chain, HVAC (heating, Ventilation & Air Conditioning), thermal energy storage, textiles, shipping, packaging and transportation, electronics and other applications such as healthcare, automotive and telecommunications.
Europe is the largest 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. New and better products by suppliers, and improved macro and micro-encapsulation techniques which eventually decrease the advanced PCM prices, will create new opportunities in PCM market.
The major players in PCM markets are Germany based BASF which focuses on building and construction application, U.S. based Sonoco Products Co. targets shipping, packaging and transportation application, Entropy Solutions Inc. (U.S.) for bio-based PCM applications, Outlast Technology (U.S.) for textile, and Micron Technology Inc. (U.S.) for electronics.
The competition in this market is low; the companies instead of competing are trying to increase the awareness for advanced PCM products and their advantages which remains to be the major challenge. New product development is the preferred strategy adopted by the major players. With new products, companies can widen or even generate new markets for advanced PCM.
Organic PCM accounts for major share in terms of value as they are more expensive then other types of advanced PCM's. Inorganic PCM holds the maximum share in terms of volume. Bio-based PCM is estimated to have the highest CAGR from 2014 to 2019. Prices of bio-based PCM are also likely to fall significantly during the same period.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Advanced PCM Market, By Type
8 Advanced PCM Market, By Application
9 Advanced PCM Market, By Region
10 Competitive Landscape
11 Company Profiles
- A.I Technology Inc.
- Advansa B.V.
- Basf Ag
- Ciat Group
- Cryopak Inc.
- Datum Phase Change Ltd.
- Entropy Solutions Inc.
- Honeywell Electronic Materials Inc.
- Laird Plc
- Microtek Laboratories Inc.
- Outlast Technologies
- Phase Change Energy Solutions Inc.
- Phase Change Material Products Ltd.
- Pluss Polymers Pvt Ltd.
- Rgees Llc
- Rubitherm Technologies
- Sonoco Products
- The Bergquiest Company
For more information visit http://www.researchandmarkets.com/research/st4gwn/advanced_phase