Sale
Massive Discounts! Up to 50% OFF on reports🎉

Europe Phase Change Materials Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: July 2024
SKU : MA840
excelpdfpowerpoint
180 pages
Report Summary
Table of Contents

Europe Phase Change Materials Market is segmented By Product Type (Bio-Based PCM, Inorganic PCM, Organic PCM), By Application (Building & Construction, Electronics, Packaging & Transportation, Textile, Medical, Others), and By Region (Germany, U.K., France, Rest of Europe) – Share, Size, Outlook, and Opportunity Analysis, 2024-2031

 

Europe Phase Change Materials Market Overview

The Europe Phase Change Materials Market is expected to grow at a high CAGR during the forecast period (2024-2031). 

Phase change materials (PCM) are substances that absorb or release a large amount of latent heat when they go through a change in their physical state (from solid to liquid or vice versa). PCM in the form of microcapsules can be incorporated within the fibers or foams or, may be coated onto fabrics. These materials are nowadays used in lightweight buildings, wallboards, shutters, external cladding, and interior plasters.

 

Europe Phase Change Materials Market Summary

Metrics

Details

Market CAGR

High

Segments Covered

By Material Type, By End-User, By Application, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

 

To Get a Free Sample Click here

 

Europe Phase Change Materials Market Dynamics

Drivers:

  • The rise in PCM-integrated green buildings to reduce greenhouse gas emissions is driving the Europe phase change materials market during the forecast period.
  • The rise in global warming has compelled countries to actively pursue climate change initiatives in the construction sector and integrate innovative materials in an attempt to reduce greenhouse gas emissions through temperature control and reduction in energy consumption.
  • According to the Global Alliance for Buildings and Construction Buildings account for more than one-quarter of all greenhouse gas emissions (GHGs),. Phase change materials provide an excellent solution as alternative building materials to reduce energy consumption through thermal energy storage systems.
  • The European Commission and regional companies actively seek avenues of collaboration and partnerships to develop a course of action plan and strategy for the implementation of proposals.
  • In September 2017, the European Commission launched the pilot phase of a new EU-wide framework for sustainable buildings called Level(s), an assessment framework aiming to transform the building sector.

Restraints:

  • Major factors hindering the Europe Phase Change materials market are high manufacturing and maintenance costs associated with the materials and operational challenges with the PCM.

Europe Phase Change Materials Market Segmentation Analysis

  • Europe Phase change materials are segmented into product type and application. Product type includes Bio-Based PCM, Inorganic PCM, and Organic PCM and use include Building & Construction, Electronics, Packaging & Transportation, Textile, Medical, and Others.
  • The organic PCM segment is leading by market share owing to the chemical stability, safety, and non-reactivity offered by the integration of end-products in various end-user parts.
  • The ease of compatibility of organic PCMs with traditional construction materials, coupled with the easy handling of finished goods, would propel the increased applications of products, further driving the market's growth.
  • The high enthalpy of organic PCMs, coupled with the negligible loss of effectiveness displayed by the products with subsequent practical thermal cycling is expected to provide new opportunities for growth to the finished goods.
  • The Building & Construction segment is leading by market share owing to the benefits of energy and cost savings offered by PCM. Overall product performance and adoption of stringent government regulations by the EU mandating the use of innovative building materials in a bid to reduce greenhouse gases contribute to its prominent share.
  • The rapid economic growth on a global scale and increase in consumer spending has led to the overall energy consumption in buildings, with the rise in the installation of HVAC equipment and associated electronic goods to provide for cooling facilities contributing to the massive surge in use.

Europe Phase Change Materials Companies and Competitive Landscape

  • The competitive scenario of Europe Phase Change Materials is significantly influenced by the presence of international, regional, and local vendors and suppliers, focusing on maintaining a market position in a reasonably competitive market.
  • The key market players focus on the technological development of end-products to increase technical performance, with R&D centers across the region trying to offer varied product features to increase their sales volume.
  • In October 2018, Electrocube Germany launched two new PCMs for thermal management, TPM350 and TPM550, which are silicone-free, have an operating temperature range of -40 to +125˚C, and are RoHS-2 compliant. Both products are formulations comprising an advanced polymer matrix and a dispersion of highly thermally conductive fillers that determine the material’s phase change temperature with high accuracy.
  • In November 2017, Croda International Plc opened its center of innovation for formulation science at the University of Liverpool’s new Materials Innovation Factory (MIF).
  • In May 2017, Microtek Laboratories, Inc. signed a contract with BASF for their Micronal® brand and product line, as well as, a worldwide exclusive license for the manufacture of Micronal microencapsulated phase change materials.
  • In March 2017, Europe GmbH launched Outlast® Xelerate combining the PCM technology with the technology of a heat spreader.
  • Major market players in the Europe Phase Change Materials market are Dowdupont Inc., Microtek Laboratories, Inc, Henkel AG, Parker Hannifin Corporation, Cryopak Industries Inc., Exotherm Gmbh, Croda International Plc, Rubitherm Technologies Gmbh, Outlast Europe Gmbh, Laird Plc.
Buy this report
Single User
$3750$3000
Multiple User
$4000$3200
Enterprise User
$7250$5800
Proceed to Buy
Request new version
FAQ’s

Related Reports
chemicals

Patterning Materials Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: 2024 May 22
Starting from

$4350

materials

Welding Materials Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Published: 2024 June 18
Starting from

$4350

materials

Flooring Materials Market Size, Share, Industry, Forecast and Outlook (2024-2031)

Published: 2024 December 20
Starting from

$4350

materials

Self-healing Materials Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: 2024 February 16
Starting from

$4350

chemicals

Magnetic Materials Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: 2024 December 10
Starting from

$4350

materials

Building Materials Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: 2024 December 27
Starting from

$4350