The market for advanced phase change materials in the Americas will reach $339.56 million by 2019, according to the latest report from MicroMarket Monitor. That's a compound annual growth rate of 19.9% from 2014 to 2019. The report identifies the shipping, packaging and refrigeration segment as a key driver and attributes much of the growth to initiatives by the Emerging Technologies Coordinating Council, the National Renewable Energy Laboratory and other bodies.
MicroMarket Monitor is planning to release similar reports next month on the PCM markets in Asia-Pacific and Middle East-Africa. The Asia-Pacific market is expected to see a compound annual growth rate of 19.2 percent from 2013 to 2018. The Middle East-Africa market is expected see a CAGR of 11.9 percent in the same period.