Advanced Phase Change Materials Market Research Report: Global Market Review & Outlook (2019-2024) – IMARCGroup.com
According to new report by IMARC Group, titled “ Advanced Phase Change Materials Market : Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024 ”, the global advanced phase change materials market reached a value of US$ 1,055 Million in 2018. Phase change materials (PCMs) refer to substances used for storing and releasing large amounts of energy generated in a thermodynamic system. When a PCM freezes, it releases energy in the form of latent heat at a relatively constant temperature, whereas, it absorbs a large amount of heat from the environment when it melts. These changes can take place in any combination of three phases of a substance including liquid, solid or gas. Amongst these, the transition between solid and liquid phases in advanced PCMs is considered to be the most viable commercially. At present, there are three main types of advanced PCMs available in the market, namely salt hydrates, paraffin wax, and other fatty-acid-based phase change material...