Europe Organic Advanced Phase Change Materials Market Is Projected to Reach $229.03 Million by 2019 - New Report by MicroMarket Monitor
(PRWEB) October 03, 2014 -- Europe Organic Advanced Phase Change Materials Market is projected to reach $229.03 million by 2019, growing at a CAGR of 21.4% from 2014 to 2019. The key driver of the market is the material’s construction applications and strict government rules on the CO2 emission by buildings.
Browse through the TOC of the Europe 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 European organic advanced phase change materials market and is supported by various tables and figures.
The organic advanced 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 PCMs include chemical stability, non-corrosives, 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 the 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 growth of the region’s overall organic PCM market is driven mainly by the strict government rules imposed on the CO2 emission by buildings. The regional governments’ initiatives for increasing the number of ‘green buildings’ in the region are boosting the market growth, as organic PCMs help adhere to the carbon credits allotted to each building. The consumption of organic PCMs for maintain an eco-friendly environment in different applications, such as heating ventilation & air conditioning system (HVAC), and fixed refrigeration is driving the demand or organic advanced PCMs in the region. The low cost of organic PCMs is also another factor for its high consumption, as compared to inorganic advanced PCMs. In addition, variations in Europe’s climatic conditions create a high demand for clothing and textiles for use in both hot and cold conditions; since textiles in one of the most important applications of organic advanced PCMs, the demand for organic PCMs has been increasing significantly in the European region. The major players in the European market, including BASF (Germany), Ewald Dorken AG (Germany), and Outlast technology (U.S.), are planning for commercialization and expanding the production facilities in the region.
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The report covers the European organic advanced phase change materials market, which is segmented on the basis of application and geography. In the European 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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Middle East and Africa Organic Advanced Phase Change Materials Market
The Middle East & Africa Organic Advanced Phase Change Material is witnessing a high growth due to the increasing demand by the various industry verticals for various applications. The report estimates the size of the Middle East & Africa Organic Advanced Phase Change Material both, in terms of volume and value. The report provides a comprehensive overview of the key market drivers, challenges and issues. Middle East & Africa Organic Advanced Phase Change Material is projected to reach $41.65 million by the year 2019, growing at a CAGR of 8.2% from 2014 to 2019. The key driver of the market is the compulsion of using HVAC due to the region’s climatic conditions.
The report “Middle East & Africa Organic Advanced Phase Change Material Market” defines and segments the Organic Advanced Phase Change Material in the region with analyses and projections of the size of the Middle East & Africa Organic Advanced Phase Change Material with respect to volume (KT) and value ($Million).
Increasing demand for energy saving and environment friendly technology is driving the growth of the global phase change material (PCM) market.
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