Ben Welter - Wednesday, January 07, 2015
The global market for advanced PCMs is projected to reach $1.47 billion by 2019, according to ReportsnReports.com. That's a compound annual growth rate of more than 20 percent over the next five years. The market for thermal energy storage PCMs is projected to register a CAGR of 22 percent in that period.
"Organic PCM are projected to have the higher growth rate than inorganic PCM due to the higher prices and ease of microencapsulation for organic PCM," according to the report.