Global Advanced Phase Change Materials Market – EMEA to Drive Growth through 2021 | Technavio

January 11, 2018

LONDON–(BUSINESS WIRE)–#Chemicals–The global
advanced phase change materials market (APCMs) is expected to grow
at an impressive CAGR of close to 20% during the forecast period,
according to Technavio’s latest market research.

In this market research report, Technavio
covers the market outlook and growth prospects of the global
advanced phase change materials market for 2017-2021. The market is
further categorized into five application segments, including building
and construction, packaging and transportation, electronics, HVAC, and
textiles.

Technavio’s research analysts segment the global
advanced phase change materials market into the following regions:

EMEA
The Americas
APAC

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EMEA: largest advanced phase change materials market

The demand from the construction industry is the main driver for the
APCMs market in EMEA. Some of the key leading countries in the region
such as Germany, the UK, and France are the highest consumers of APCM.
Due to the growing emphasis on energy security in the region, Europe is
a lucrative market for the players in the APCMs market. In addition, the
growing demand for green buildings in Europe has fostered the
consumption of APCMs.

“There have been investments in low-carbon and net-zero energy
buildings in the region. The region has also witnessed an increasing
focus on building energy codes coupled with the European Union
Directives associated with the improvement of energy efficiency of
buildings, regardless of the type of buildings constructed in the
region. These factors have led to the expansion of business
opportunities for the global APCMs market in the region,” says
Kshama Upadhyay, a lead specialty
chemicals research expert from Technavio.

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Advanced phase change materials market in the Americas

Due to the growing adoption of APCMs in major applications such as
building and construction, HVAC, transportation, textiles, and energy
storage, the APCMs market in the Americas is expected to register a
healthy growth during the forecast period. Furthermore, the initiatives
taken by the National Renewable Energy Laboratory (NREL) along with the
Department of Energy (DoE) and the Emerging Technologies Coordinating
Council in the region are also expected to foster market growth.

“These institutes are encouraging market participants to incorporate
APCMs in their products after an evaluation of risks, costs, and
technology performance. For instance, the staff of the California Energy
Commission hosted a one-hour webinar, in August 2016, to share
information on innovations in the use of APCMs and their potential in
making zero net energy buildings even more affordable,” says Kshama.

APAC in the Advanced phase change materials market

With the growth in electronics and building and construction industries
in the APAC, the APCMs market in this region is expected to register
significant growth during the forecast period. Some of key contributing
countries in the region are Japan, China, and India. With the rise in
the demand for refrigeration, the requirement for APCMs is increasing in
India. The need for refrigeration is principally from the dairy industry
as poor availability of reliable power has emerged as one of the
roadblocks associated with the penetration of dairy and perishable
products.

The top vendors in the global
advanced phase change materials market as highlighted in this market
research analysis are:

BASF
Cryopak
ENTROPY SOLUTIONS
Honeywell International
Outlast Technologies

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