The global advanced phase change material (PCM) market is forecast to be worth $1.47 billion by 2019, according to a new report published by MarketsandMarkets.

The global advanced phase change materials market was valued at $350 million in 2011 and is expected to increase to $1.18 billion in 2018, growing at a compound annual growth rate (CAGR) of 19.5 percent from 2012 to 2018, according to a new report published by Transparency Market Research.

The global phase change material (PCM) market is forecast to grow from $460 million in 2013 to $1.15 billion by 2018, increasing with a compound annual growth rate (CAGR) of 20.1 percent during this period, according to a report from MarketsandMarkets.

Entropy Solutions Inc., a bio-based specialty company, has announced the launch of Chillin’ Brew™ panels, a new product designed and engineered to keep beer at the absolute coldest temperature possible.

During the peak solar load of the day, the phase change material embedded within the welded steel EcoCore panel is designed to melt and absorb energy — energy that would otherwise be reflected back into the room as heat or transferred to the airstream.