SOURCE: MarketResearch.com

MarketResearch.com

August 02, 2010 09:08 ET

Phase Change Materials (PCM) Market Expected to Grow 31.7% Annually Through 2015

ROCKVILLE, MD--(Marketwire - August 2, 2010) -  MarketResearch.com has announced the addition of MarketsandMarkets's new report "Advanced Phase Change Materials (PCM) Market: Global Forecast (2010-2015)," to their collection of Construction market reports. For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2717813  

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. 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 currently 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.

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:

Submarkets covered in the report include...

  • By application: Building and construction, Commercial refrigeration, HVAC, energy storage, textile, shipping and transportation and other applications such as electronics, healthcare and telecommunications
  • By material: Salt hydrates, paraffin, and other materials such as fatty acids and eutectic salts
  • By region: Americas, EMEA (Europe, Middle East and Africa), Asia-Pacific

For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2717813

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