Europe Phase Change Material Market

Europe Phase Change Material Market Analysis

The Europe Phase Change Material Market size is estimated at USD 428.09 million in 2025, and is expected to reach USD 658.66 million by 2030, at a CAGR of 9% during the forecast period (2025-2030).

The COVID-19 disrupted the phase change materials market in Europe. Lockdowns, restrictions, and disruptions in transportation networks led to challenges in the supply chain. This affected the availability of raw materials and components for PCM manufacturing. However, as lockdowns eased and construction activities resumed, there was a renewed demand for PCM in the construction industry.

Increasing focus on green construction and increasing construction of energy-efficient buildings in Europe are expected to drive the phase change materials market in Europe.

On the flip side, high initial costs and the availability of alternatives restrain the phase change materials market in Europe.

Furthermore, innovations in product development and a growing emphasis on green building certification programs in Europe are expected to provide opportunities to market players for the market studied.

Germany is likely to dominate the market during the forecast period.

Europe Phase Change Material Market Trends

Building and Construction Industry to Dominate the Market

• Phase change materials have extensive applications in the construction industry for thermal energy storage and regulation, contributing to energy-efficient and sustainable building designs.
• Phase change materials contribute to optimizing heating, ventilation, and air conditioning systems, leading to more efficient energy utilization in buildings.
• The emphasis on sustainable and green building practices in Europe has driven the adoption of phase change materials as part of energy-efficient solutions to meet environmental standards.
• In Europe, according to the European Construction Industry Federation (FIEC), investment in the non-residential buildings construction segment increased by 2.1% in 2022.
• According to the Federal Statistical Office (Destatis), the sales volume of the construction industry in Germany increased by 9.0 % in November 2023.
• Moreover, according to the Office for National Statistics (UK), the Gross value added (GVA) of the construction industry in the United Kingdom was GBP 29.26 billion (USD 37.18 billion) in the 1st quarter of 2021, which then increased to GBP 37.63 billion (USD 47.82 billion) in the 1st quarter of 2023.
• All the above factors are expected to significantly impact the demand for food-grade calcium peroxide during the forecast period.

Germany to Dominate the Market

• Germany's construction sector is one of the largest economic sectors, with products such as buildings and roads being an essential part of our daily lives.
• According to Statistisches Bundesamt, the revenue of the building construction industry in Germany increased from Euro 36.28 billion (USD 39.20 billion) in 2018 to Euro 42.99 billion (USD 46.45 billion) in 2022.
• According to the Federal Statistical Office (Destatis), the annual average number of construction companies in Germany increased from 8,121 units in 2017 to 9,456 units in 2022.
• The annual average number of active people in the building and construction sector also increased from 4,420 in 2017 to 5,264 in 2022.
• The building permits for the construction of new buildings (residential and non-residential) in Germany was 2,183 number of buildings in January 2022.
• All the aforementioned factors are expected to increase the demand for calcium peroxide in the region during the forecast period.

Europe Phase Change Material Industry Overview

Europe's phase change material market is partially fragmented in nature. The major players (not in any particular order) include Henkel AG & Co.KGaA, Croda International Plc, Cryopak, Parker Hannifin Corp, and Pluss Advanced Technologies, among others.

Europe Phase Change Material Market Leaders

Europe Phase Change Material Market News

May 2023: Henkel launched phase change material - Bergquist Hi Flow THF 5000UT. This material provides low thermal impedance at both ultra-low and higher pressure. It is used to avoid stress-induced defects in certain devices, including large, thin, delicate dies.

March 2023: BioLife Solutions Launches Ultraguard™ -70°C Phase Change Material (PCM) Accessory to Provide Backup Cooling in ULT Freezers and Dry Ice Alternative for Benchtop Biologic Material Storage.