Key players in the Asia-Pacific Inorganic Advanced Phase Change Materials Market are Honeywell Electronics Materials Inc. (Shanghai), PCM Energy Pvt. Ltd. (India) & others.
(PRWEB) September 20, 2014
The Inorganic Advanced Phase Change Material market report defines and segments the concerned market in Asia-Pacific with analysis and forecast of revenue.
Browse through the TOC of the Asia-Pacific Inorganic Advanced Phase Change Material Market report, to get an idea of the in-depth analysis provided. This also provides a glimpse of the segmentation of the market, and is supported by various tables and figures.
The Inorganic Advanced Phase Change Materials (PCM) is further classified as salt hydrates and metallic PCM. Metallic PCM includes low melting metals and metal eutectics which are not yet commercialized because of weight penalties; however, the salt hydrates have been commercialized. The salt hydrates PCM consist of an alloy of Inorganic Advanced salts and water, which combine in crystalline matrix when the material solidifies. The salt hydrate pose a number of advantage such as low chemical cost, higher enthalpies, better thermal conductivity and suitable melting temperature.
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The Asia-Pacific Inorganic Advanced PCM market is estimated to reach to $125.5 million by 2018 with a growing CAGR of 20.8%. The key countries in this region include China, India, and Japan. Japan has been conducting research &development on Inorganic Advanced PCM for the past 10 to 12 years, whereas its commercialization in India began in 2004 for manufacturing products with more and more focus on the new technologies in the market. However, India already generates significant revenue of the Asia-Pacific Inorganic Advanced PCM market.
A major share of Inorganic Advanced PCM was used in the applications such as heating ventilation and air conditioning (HVAC), energy storage systems, and refrigeration. With the increasing demand in the energy storage systems, the Inorganic Advanced PCM requirement has been growing. In China, Inorganic Advanced PCM is mainly used in shipping, transportation, and packaging applications. The building &construction segment is the potential market of the overall Asia-Pacific Inorganic Advanced 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 Inorganic Advanced phase change material market which is segmented on the basis of applications and geography. In this region, the Inorganic Advanced PCM are applied in building & construction, refrigeration, energy storage systems, supply chain, textiles manufacturing, phase change memory and heating ventilation & air conditioning system (HVAC).
Europe Inorganic Advanced Phase Change Materials Market
The Europe Inorganic Advanced Phase Change Materials Market is witnessing a high growth due to the low cost of inorganic PCM which results for its high consumption. The report estimates the size of the Europe Inorganic 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. Europe Inorganic Advanced Phase Change Materials Market is projected to reach $141 million by 2018, growing at a CAGR of 23.3% from 2013 to 2018. The key driver of the market is the growing demand of various applications such as HVAC and fixed refrigeration.
The report “Europe Inorganic Advanced Phase Change Materials Market ” defines and segments the Inorganic Advanced Phase Change Materials Market in the region with analyses and projections of the size of the Europe Inorganic Advanced Phase Change Materials Market with respect to volume (KT) and value ($Million).
The rising demand for energy saving and environment friendly technology drives the growth of the global phase change material (PCM) market. A highest growth has been observed in Europe where most of the companies have already been established.
The inorganic PCM are further classified as salt hydrates and metallic. Inorganic PCMs are widely used because of their higher melting enthalpy and sharper melting points than organic and eutectic PCMs.
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