The global PCM market is experiencing high growth as a result of increasing demand for eco-friendly, energy-saving materials in industries such as building/construction, refrigeration, HVAC, thermal energy storage, textiles and electronics. PCM applications include:
Refrigerators and freezers that use less energy.
High-performance textiles that provide relief from hot and cold conditions.
Shipping containers that maintain goods at the desired temperature for longer periods.
Construction material that keeps living spaces comfortable and reduces heating and cooling costs.
Thermal energy storage systems that shift a building’s cooling and heating needs to cheaper, off-peak hours.