The North America Advanced Phase Change Materials Market would witness market growth of 10.2% CAGR during the forecast period (2022-2028).
During phase transitions, phase change materials are utilized to store latent heat, allowing for the temporary storage of mild or strong energy for later application. Solid-liquid, solid-solid, liquid-gas and solid-gas phase changes can all be used to achieve this latent heat transition. However, only solid-liquid phase transition is utilized in advanced PCMs on a commercial basis because other methods require a big volume and high pressure.
The heat of fusion, or the energy released/absorbed as a result of a phase transformation from solid to liquid or vice versa, is often substantially higher than the sensible heat. For example, Ice requires 333.55 J/g to dissolve, yet adding just 4.18 J/g raises the temperature of water by one degree. Water/ice is thus a very handy phase transition substance that has been utilized to store wintertime cold to cool structures in the summer since the Achaemenid Empire.
In comparison to sensible heat storage, an advanced phase change material may store and release huge amounts of energy by dissolving and consolidating at the phase change temperature (PCT). When a material transitions from solid to liquid or vice versa, or when the inner layer of the material changes, heat is absorbed or released, PCMs are considered as latent heat storage (LHS) materials.
Protein-based advanced phase change materials have a number of ground-breaking features, including room-temperature functioning, an inherent safety profile, and switchable thermal conductivities, which enable new, more efficient heat-exchanger designs. Due to unique abilities to rapidly vary their intrinsic thermal conductivities and energy storage densities based on hydration, the hydration-based storage capacity of the squid ring teeth (SRT) based protein-based advanced phase change materials provides an extraordinarily unique thermal storage system design.
The US market dominated the North America Advanced Phase Change Materials Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $598.6 million by 2028. The Canada market is estimated to grow at a CAGR of 9% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 11.9% during (2022 - 2028).
Based on Application, the market is segmented into Building & Construction, Energy Storage, Shipping & Transportation, HVAC, Electronics, Textiles, and Others. Based on Type, the market is segmented into Organic PCM, Inorganic PCM, and Bio-based PCM. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Advanced Phase Change Materials Market is Estimated to reach $2.8 Billion by 2028, at a CAGR of 10.9%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include PLUSS Advanced Technologies, BASF SE, Entropy Solutions, Outlast Technologies GmbH, DuPont de Nemours, Inc., Sonoco Products Company, Phase Change Solutions, Cryopak, Microtek Laboratories, Inc., and ADVANSA Marketing GmbH.
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