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The North America advanced phase change materials market size reached US$ 534.7 Million in 2021. Looking forward, IMARC Group expects the market to reach US$ 1381.5 Million by 2027, exhibiting a growth rate (CAGR) of 17.2% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
The advanced phase change materials (PCMs) refer to the elements with a capability to store latent heat emitted during distinctive phase transitions. At a commercial level, they store latent heat released during the solid-liquid phase transition. Advanced phase change materials enhance the heat storage capacity of buildings and are highly efficient in power distribution and generation systems. They are employed for cooling electrical engines, foods and drinks, maintaining high temperatures in greenhouses and conditioning of buildings.
North America represents one of the largest advanced phase change materials market owing to the highly developed manufacturing industries for electric and electronic devices. These devices use advanced PCMs pertaining to their high latent heat of fusion, specific heat, thermal stability and thermal conductivity in both solid and liquid phases. Several initiatives by government institutions, such as Department of Energy, are taken for the assessment of costs, risks and technology performance of advanced PCMs for their wide application in the region. Availability of these materials at affordable prices and their potential to provide zero net energy buildings will continue to spur the demand in the upcoming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the North America advanced phase change materials market report, along with forecasts at the regional and country level from 2022-2027. Our report has categorized the market based on type, form and application.
|Base Year of the Analysis||2021|
|Segment Coverage||Type, Form, Application, Country|
|Countries Covered||United States, Canada, Mexico|
|Customization Scope||10% Free Customization|
|Report Price and Purchase Option||Single User License: US$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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