The Asia-Pacific Organic Advanced Phase Change Materials Market is estimated to reach $40.65 million by 2018 - New Report by MicroMarket Monitor
(PRWEB) October 12, 2014 -- The Asia-Pacific Organic Advanced Phase Change Materials market is estimated to reach $40.65 million by 2018, at a CAGR of 13.9% from 2013 to 2018
Browse through the TOC of the Asia-Pacific Organic 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 organic advanced phase change materials market, and is supported by various tables and figures.
The organic phase change materials (PCM) mainly constitutes of paraffin and fatty acid-based PCMs that are derived from non-renewable sources such as crude oil. The advantages of organic-based PCM include chemical stability, non-corrosiveness, non-toxic, high latent heat of fusion, almost negligible super cooling, and self nucleating properties. Another major advantage of organic PCM is that they can be microencapsulated, which makes them viable for many applications in verticals, such as textiles, and building & construction. Organic PCMs are costlier than other forms such as inorganic PCMs; thus, organic advanced PCMs have a greater share in the overall advanced PCM market in terms of value.
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The Asia-Pacific region has recently begun to adopt new organic PCM technologies in production of new products; this is one of the major drivers for the organic advanced PCM market in the region. Japan has been conducting research & development on organic PCMs and has begun with the production, 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 in the Asia-Pacific PCM market, as the technologies, for application of organic PCMs in production, have been constantly innovated upon to provide enhanced results over the years. 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 future. The organic advanced PCM market has been growing steadily in the Asia-Pacific region, mainly driven by the increasing demand for energy storage systems from highly populated countries such as India and China. The building & construction segment in Asia-Pacific is a high-potential market for organic PCMs, and this segment has the largest share among all application segments in the market.
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The report covers the Asia-Pacific organic advanced phase change materials market, which is segmented on the basis of application and geography. In the Asia-Pacific region, organic advanced phase change materials are applied in building & construction, phase change memory, refrigeration, energy storage systems, supply chain, textiles manufacturing, and heating ventilation & air conditioning system (HVAC).
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Americas Organic Advanced Phase Change Materials Market
The America Organic Advanced Phase Change Materials Market is witnessing a high growth due to the construction industry that offers high growth potential in the region. The report estimates the size of the America Organic 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 Organic Advanced Phase Change Materials Market is projected to reach $131.58 million by 2019, growing at a CAGR of 16.6% from 2014 to 2019. The key driver of the market is the shipping, packaging and refrigeration segment as these applications account for a major share in the market.
http://www.micromarketmonitor.com/market/americas-organic-advanced-phase-change-materials-9436843965.html
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