Europe Phase Change Materials Market Size: Segmentation Analysis, Share and Industry Insights From 2020 to 2026

The Europe phase change materials market size is estimated to witness a notable growth by recording substantial valuation of over USD 1,500 million by 2026.Substantial expansion of building & construction industry in Europe has been impelling the demand for efficient construction material in the region from the past few years. In this regard, phase change materials (PCM) are gaining high significance. PCM, which consists of microencapsulated paraffin wax which melts at nearly 24°C, acts as an addition to concrete mixture in composite floor slab. It finds extensive usage in wall, floor and ceiling systems for capturing and storing buffer thermal energy. This offers comfortable room temperature and subsequently reduces the carbon footprint.

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Growing construction industry in the region, especially in countries such as Italy, Poland, and Russia, is strongly driving the application of phase change materials majorly in wallboards, floors, ventilation systems, passive cooling & heating systems, etc. PCM can be incorporated in each element of a building from roof to floors as well as in electrical appliances, which is further complementing its adoption.

On account of its important application in ventilation and other electrical systems, PCM is gaining massive traction in the regional HVAC industry. This is positively influencing the business space. In HVAC companies, PCMs are largely used as an advanced technology that helps in reducing the usage of peak loads and HVAC energy in buildings. With the increasing installation of Heating, Air Conditioning, and Ventilating (HVAC) systems in several new and existing buildings, application of phase change materials is increasing significantly in the region. This makes HVAC industry one of the major consumers of phase change materials.

Apart from these industries, textile sector is also observing burgeoning demand for PCM. Growing investments by the countries such as Russia and the UK in defense sector is fueling the demand for military textiles significantly. Several initiatives are being undertaken in the region such as funding by European Union (EU) for various technological projects like Wealthy, MY HEART, BIOTEX, MERMOTH, OFSETH, etc., for interactive textiles and smart fabrics. On account of such initiatives, textiles segment in Europe phase change materials market is anticipated to register a robust CAGR of 15.4% through 2026.

Phase change materials are available in different types. Of these, salt hydrate PCMs are witnessing enormous demand. Salt hydrate PCMs are known to be one of the most-researched latent heat storage materials over a while now. Besides, these are low-cost materials and are easily available in the market which makes them a preferred choice among manufacturers. The most commonly used salt hydrates are sodium sulfate decahydrate, sodium phosphate, magnesium chloride hexahydrate, calcium chloride hexahydrate and dodecahydrate.

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Another widely used PCM type is Paraffin which does not expand on freezing and melting without much supercooling. Paraffinic PCMs are highly compatible with traditional building materials and are recyclable. Growing awareness about the properties of phase change materials for controlling and maintaining energy consumption within a building is fostering the adoption of these materials by several contractors & builders across Europe. 

Table of Contents (ToC) of the report:

Chapter 2   Executive Summary

2.1    Europe phase change materials market snapshot

Chapter 3   Europe Phase Change Materials Market Insights

3.1    Industry coverage

3.2    Industry size and forecast, 2016 – 2026

3.3    Industry ecosystem analysis

3.3.1    Vendor matrix

3.4    Future trends

3.4.1    Innovation Landscape

3.5    Raw material analysis

3.6    Regulatory norms & directives

3.7    Drivers & restraints

3.7.1    Drivers

3.7.2    Restraints

3.8    Application growth mapping

3.9    Industry analysis: Porter’s

3.10    Competitive benchmarking

3.10.1    Strategy dashboard

3.11    PEST analysis

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