LONDON--(BUSINESS WIRE)--Technavio, a tech-focused research firm, has published a new report on the global advanced phase change material market, which is expected to grow at a CAGR of more than 20% from 2015-2019.
The latest report by Technavio highlights the continuous innovation in the global advanced phase-change materials market, with an increasing number of vendors introducing novel products for new applications. Vendors work in close collaboration with producers of phase-change- materials-based end-use products to develop customized solutions.
“Rubitherm offers Rubitherm SP, a phase-change material with both organic and inorganic compounds, which has low flammability compared to other products. This product is used in construction applications,” says Faisal Ghaus, Vice President of Technavio.
The new report by Technavio also underlines the endless efforts made by vendors in the chemical industry, to employ sustainable processes that have a minimal impact on the environment.
“Entropy Solutions is a key vendor in the market that offers 100% renewable phase-change materials that can be used for a broad range of temperature control applications. New entrants that offer such innovative and green solutions are growing in the market, and this is expected to drive market growth during the forecast period,” adds Ghaus.
Technavio currently has more than 3000 market research reports on a huge range of topics, including:
- Global Advanced Polymer Composites Market 2015-2019
- Global Organic Substrate Packaging Material Market 2015-2019
Technavio is a leading global technology research and advisory company.
Founded in 2003, Technavio has about 200 analysts globally and develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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