MarketsandMarkets: Global Advanced Phase Change Material (PCM) Market Worth US$ 1,488.1 Million by 2015

DALLAS, June 30, 2010 /PRNewswire/ -- The 'Advanced Phase Change Material Market: Global Forecast (2010 - 2015)' analyzes the PCM market by materials and applications and studies the major market drivers, restraints, and opportunities for the advanced phase change material market in America, EMEA, and Asia-Pacific.

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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. Industry participants with the most significant product developments include BASF, Honeywell, Outlast Technologies, and Samsung.

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 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

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