Market Research Report
North America Advanced Phase Change Materials Market Forecast 2020-2028
|Published by||Inkwood Research||Product code||925847|
|Published||Content info||112 Pages
Delivery time: 2-3 business days
|North America Advanced Phase Change Materials Market Forecast 2020-2028|
|Published: February 17, 2020||Content info: 112 Pages||
The advanced phase change materials market of North America is estimated to record a CAGR of 19.36% over the projected period, 2020-2028. Some of the important factors dominating the market growth in the region are increasing investments to modernize the aging infrastructure and renewable energy sector.
The North America market region of advanced phase change materials is further surveyed through the countries of the US and Canada. Canada is a developed, high-tech industrial country. In the country, PCM is primarily used in industries such as construction and electronics, among others. The construction sector is expected to grow during the forecast period in spite of a marginal slowdown as the Canadian government is planning to invest in public and renewable energy infrastructure, the Affordable Housing initiative, among others. These developments in construction and infrastructure are expected to drive the PCM market. Many companies, small and medium sized, have come up with new and innovative applications of phase change material in motorcycle and automotive industries. They have shown the use of PCM as a coolant in lithium-ion batteries, and for regulating the thermal control of automotive interiors. In February 2016, Vesl LLC., in partnership with Entropy Solutions, designed PCM to transfer thermal energy in various applications like air conditioning, cold storage, refrigeration, heat recovery, and thermal energy storage. In July 2017, Acme aerospace was selected by One Aviation to provide lithium-ion battery systems to be used on 'Project Canada' aircraft that use PCM for thermal energy efficiency improvement. In addition, PCM is used increasingly in the electronics and packaging industries. All these factors are surging market growth in the region.
DowDuPont, PureTemp LLC, was originally known as Entropy Solutions, Sonoco Thermosafe, Outlast Technologies, AI Technology Inc., etc. are among the various renowned companies operating in the market.
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