Global Advanced Phase Change Material (PCM) Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz, in its upcoming report titled, “Global Advanced Phase Change Material (PCM) Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”, offers in-depth insights, revenue details, and other vital information regarding the global advanced phase change material (PCM) market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2026. The report also offers insightful and detailed information regarding the various key players operating in the global advanced phase change material (PCM) market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global advanced phase change material (PCM) market is estimated to exhibit a X.X% CAGR in terms of value during the forecast period 2018–2027. The global advanced phase change material (PCM) market report has been segmented on the basis of application, and region.

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Advanced phase change materials can store or release energy during the phase transition. Heat is released or stored as the materials change state from solid to liquid or liquid to gases or vice versa. Dependency on conventional resources is gradually decreasing coupled with need for energy efficiency, advanced phase change materials have a significant role in future. Phase change materials have unique structure and capability to release and store energy. At commercial level, solid to liquid phase change material is mostly used because other methods require large volume and high pressure.

Advanced phase change materials are used in applications like refrigeration, heating, venting & cooling (HVAC), building & construction and others. The growing construction industry in emerging economies like India, China, Brazil, South Africa, and Russia is estimated to boost the demand for these products over the forecast period. Compared to other conventional materials advanced phase change materials provide high heat storage capacity. So, they are extensively used in energy efficient buildings.

Building & construction is estimated to be the largest application segment in global advanced phase change material market. Advanced phase change materials are effective on controlling and maintaining the thermal environment of the building. Growing demand for green building is estimated to fuel the growth of the advanced phase change material (PCM) market over the forecast.

Europe is expected to be the largest regional market for global advanced phase change material. Europe has regulations which mandates for buildings to be energy efficient which is expected to boost the demand for advanced phase change materials over the forecast. European union with its stringent regulations is targeted to reduce greenhouse gases by 20% and increase in energy efficiency by 20%. North America is expected to be the second largest regional market for advanced phase change material. Demand for advanced phase change material is estimated in the region due to rise in demand for end applications.

Market segmentation and key players operating in the global market:

Global advanced phase change material market segmentation, by application:

• Building & construction
• Energy storage
• Electronics
• Heating, venting & cooling (HVAC)
• Others

Global advanced phase change material market segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa