The Asia-Pacific Bio-based Advanced Phase Change Materials Market is estimated to grow to $39.8 million by 2018 - New Report by MicroMarket Monitor
(PRWEB) October 18, 2014 -- The Asia-Pacific Bio-based Advanced Phase Change Materials Market report defines and segments the bio-based advanced phase change material market in Asia-Pacific with analysis and forecast of revenue.
Browse through the TOC of the Asia-Pacific Bio-based Advanced Phase Change Materials Market report to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation in the Asia-Pacific bio-based advanced phase change material market, and is supported by various tables and figures.
Bio-based phase change materials (PCM) are renewable, green alternatives to paraffinic PCMs. These bio-based compounds are obtained from animal fat, for instance, beef tallow and oils from plants, such as palms, coconuts, and soybeans. These are non-toxic and can be recycled through thousands of cycles without experiencing any material degradation. Being hydrogenated hydrocarbons with a saturated electronic configuration, these compounds are chemically stable and can last for decades. In addition, fat and oil-based PCMs offer similar or improved performance, greater degree of fire resistance, and reduced costs in comparison to other PCMs. The bio-based PCM has a wide melting point temperature range which can be customized as per the requirement.
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The leading players in the Asia-Pacific region have recently begun to adopt new bio-based PCM technologies for the production of new products which can be used by various applications such as HVAC system, energy storage systems among others; is the main driver of the whole market. Japan has been conducting research and development on bio-based PCM and has begun with the production. On the other hand, commercialization of bio-based PCM in India began in 2004 for manufacturing products with focus on the new technologies in the market. However, the country already generates significant revenue of the Asia-Pacific PCM market. A huge demand for the potential applications market, such as heating ventilation and air conditioning (HVAC), energy storage systems, and fixed refrigeration is expected in the forecast period. With the increase in the energy storage systems demand, the bio-based PCM requirement has been growing in high population countries, for instance, India and China, where there is more demand of energy storage systems. The building and construction segment is the potential market of the overall Asia-Pacific bio-based PCM application market and is going to be the leader in the region in the forecast period.
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The report covers the Asia-Pacific bio-based advanced phase change materials market which is segmented on the basis of application and geography. In the Asia-Pacific region, the bio-based advanced phase change materials are applied in building & construction, phase change memory, refrigeration, energy storage systems, supply chain, textiles manufacturing, and heating ventilation and air conditioning system (HVAC).
Related Reports :
Americas Bio-based Advanced Phase Change Materials Market
The America Bio-Based Advanced Phase Change Materials Market is witnessing a high growth due to the paraffin based PCM being non-biodegradable and highly inflammable is a major environment concern. The report estimates the size of the America Bio-Based Advanced Phase Change Materials Market both, in terms of volume and value. The report provides a comprehensive overview of the key market drivers, challenges and issues. America Bio-Based Advanced Phase Change Materials Market is projected to reach $62.6 million by 2018, growing at a CAGR of 30.2% from 2013 to 2018. The key driver of the market is the strict regulations in the region about inflammability of organic based PCM.
Middle East and Africa Bio-based Advanced Phase Change Materials Market
Bio-based PCM are renewable and green alternatives to paraffinic PCMs. These are non-toxic and can be recycled through thousands of cycles without experiencing any material degradation.
The most used bio-based PCM is the fatty acids. These have superior advantages such as congruent melting and cooling, high latent heat of fusion, low costs, fire resistance, non toxicity, very small sub cooling and volume change, and good chemical & thermal stability after a large number of thermal cycles.
The Middle East & Africa Bio-Based Advanced Phase Change Material report covers Bio-Based Advanced Phase Change Material in the Middle East & Africa region and its trends concerning with major countries of the respective regions. The major applications covered in the Middle East & African Bio-Based Advanced Phase Change Material are fertilizers, detergents, food industry, water treatment chemicals, metal finishing and flame retardants.
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