Dallas, TX -- (SBWire) -- 07/14/2010 -- 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.
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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.
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
Each section will provide market data, market drivers, trends and opportunities, top-selling products, key players, and competitive outlook. This report will also provide market tables for covering the sub-segments and micro-markets. In addition, the report also provides more than 20 company profiles covering all the sub-segments.
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• Which are the high-growth segments/cash cows and how is the market segmented in terms of applications and materials?
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New Report Advanced Phase Change Material (PCM) Market: Global Forecast (2010 – 2015) Published by MarketsandMarkets
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.