Market Overview:
Phase change material (PCM) are substances which 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.

Market Dynamics:
Drivers:
Rise in PCM-integrated green buildings to reduce greenhouse gas emissions is driving the Europe phase change material 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.

Restraints:
Major factors hindering the Europe Phase Change Material market are high manufacturing and maintenance cost associated with the materials and operational challenges with the PCM.

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Market Segmentation:
Europe Phase change material is segmented into product type and application. Product type includes Bio-Based PCM, Inorganic PCM, and Organic PCM and by use includes 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 Building & Construction segment is leading by market share owing to the benefits of energy and cost savings offered by PCM. Overall product performance, adoption of stringent government regulations by the EU mandating the use of innovative building materials in a bid to reduce greenhouse gases contribute its prominent share.

Competitive Analysis:
Major market players in the Europe Phase Change Material 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.

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