Ben Welter - Wednesday, February 04, 2015
The global market for microencapsulated phase change material in building and construction will reach $111.4 million in 2018, according to Frost & Sullivan. That's nearly double the size of the market in 2013 and reflects a compound annual growth rate of 14.8 percent.
"MPCMs can provide thermal mass in buildings on a smaller scale of material mass and weight while regulating temperature comfort, making them suitable in compact and lightweight building structures," said Frost & Sullivan analyst Raghu Tantry. "Focus on green buildings has also increased the range of applications for construction products incorporating MPCM."