America Inorganic Advanced Phase Change Materials market estimated to reach $186.2 million by 2019
America Inorganic Advanced America Inorganic Advanced Phase Change Materials Market was valued at $68.1 million in 2014 and is projected to reach $186.2 million by 2019, at a CAGR of 22.3% between 2014 and 2019.
The America inorganic advanced PCMs market is significantly penetrating into its end-use industries. They have different characteristics as per their manufacturing and application requirement in the end-products. The U.S. is expected to dominate this market with its growing demand for inorganic PCM in different applications, especially the shipping, packaging & transportation and HAVC industries. The U.S. and Brazilian markets are estimated to show a rising growth in the next five years, with the allied industries expected to stabilize the overall business need in their respective regions.
New product development and partnership are a key part of this market. The manufacturing companies, associations, and end-product manufacturers infuse high investments for future advancements and technology modifications of inorganic PCMs to match the new demands coming from various end-user industries.
The U.S. is the largest region, both in terms of volume and value, followed by Brazil and Canada. The key players in the Americas inorganic advanced phase change materials market are BASF Corporation (Germany), Outlast Technology (U.S.), Sonoco Products Co. (U.S.), RGEES LLC (U.S.), Cryopak (U.S.), DuPont (U.S.), and so on.
The current market value of the America Inorganic advanced phase change materials market (2014) is $68.1 million and is estimated to reach $186.2 million by 2019, growing at a CAGR of 22.3%, from 2014 to 2019. The high demand across the industries, such as building & construction, HVAC, shipping, packaging & transportation, thermal energy storage, and other industries will increase the overall inorganic advanced PCMs consumption.
The statistics here are given by the market report “America Inorganic Advanced Phase Change Materials Market Research Report by Application & Geography – Forecast 2019”.
The inorganic advanced PCMs demand, in terms of value and volume, depicts the current and future projections according to the parallel economic and industrial outlook. This analysis covers important developments, expansions, partnerships, and new product developments of the leading global companies.
Objective of this study is to analyze the market trends, share, growth & restraining factors and projection supported by market estimates and forecasts of global market.
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