Europe Phase Change Material Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Europe's Phase Change Material Market Report is Segmented by Type (Inorganic, Organic, And Bio-Based) and End-User Industry (Building and Construction, Hvac Systems, Textiles, Electronics, Transportation, Cold Chain Logistics, Other End-User Industries (Energy Storage, Medical Industry)), And Geography (France, Germany, Italy, Nordic, Russia, Spain, Turkey, United Kingdom, And Rest of Europe). The Market Size and Forecasts for Europe Phase Change Materials are Provided in Terms of Value (USD) for all the Above Segments.

Europe Phase Change Material Market Size

Europe Phase Change Material Market Summary

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 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

  1. Henkel AG & Co.KGaA

  2. Croda International Plc

  3. Cryopak 

  4. PARKER HANNIFIN CORP

  5. Pluss Advanced Technologies

  6. *Disclaimer: Major Players sorted in no particular order
Europe Phase Change Material Market Concentration
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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.

Europe Phase Change Material Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Increasing Focus on Green Construction
    • 4.1.2 Increasing Construction of Energy-Efficient Buildings
  • 4.2 Restraints
    • 4.2.1 High Initial Costs
    • 4.2.2 Availability of Alternatives
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Suppliers
    • 4.4.2 Bargaining Power of Buyers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Value)

  • 5.1 Type
    • 5.1.1 Inorganic
    • 5.1.2 Organic
    • 5.1.3 Bio-Based
  • 5.2 End-User Industry
    • 5.2.1 Building and Construction
    • 5.2.2 HVAC Systems
    • 5.2.3 Textiles
    • 5.2.4 Electronics
    • 5.2.5 Transportation
    • 5.2.6 Cold Chain Logistics
    • 5.2.7 Other End-User Industries (Energy Storage, Medical Industry)
  • 5.3 Geography
    • 5.3.1 France
    • 5.3.2 Germany
    • 5.3.3 Italy
    • 5.3.4 NORDIC
    • 5.3.5 Russia
    • 5.3.6 Spain
    • 5.3.7 Turkey
    • 5.3.8 United Kingdom
    • 5.3.9 Rest of Europe

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 AXIOTHERM GmbH
    • 6.4.2 BioLife Solutions Inc.,
    • 6.4.3 Croda International Plc
    • 6.4.4 Cryopak
    • 6.4.5 European Thermodynamics Ltd.
    • 6.4.6 Henkel AG & Co.KGaA
    • 6.4.7 Laird Technologies, Inc.
    • 6.4.8 MTC Micro Tech Components GmbH
    • 6.4.9 PARKER HANNIFIN CORP
    • 6.4.10 Phase Energy Ltd
    • 6.4.11 Pluss Advanced Technologies
    • 6.4.12 Rubitherm Technologies GmbH
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Innovations in Product Development
  • 7.2 Growing Emphasis on Green Building Certification Programs
**Subject to Availability
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Europe Phase Change Material Industry Segmentation

Phase change materials are substances that can store and release thermal energy during the process of changing from one phase to another, typically from solid to liquid and vice versa. This phase transition occurs at a specific temperature known as the material's melting or freezing point. It has various applications, such as thermal regulation in buildings, energy storage, and temperature control in industries like electronics and transportation.

Europe's phase change material market is segmented on the basis of type, end-user industry, and geography (France, Germany, Italy, NORDIC, Russia, Spain, Turkey, United Kingdom, and Rest of Europe). Based on type, the market is segmented into inorganic, organic, and bio-based. Based on the end-user industry, the market is segmented into building and construction, HVAC systems, textiles, electronics, transportation, cold chain logistics, and other end-user industries (energy storage, medical industry). The report also covers the market size and forecasts for the Europe phase change materials market in 8 countries across the Europe region.

For each segment, the market sizing and forecasts have been done on the basis of value (USD).

Type Inorganic
Organic
Bio-Based
End-User Industry Building and Construction
HVAC Systems
Textiles
Electronics
Transportation
Cold Chain Logistics
Other End-User Industries (Energy Storage, Medical Industry)
Geography France
Germany
Italy
NORDIC
Russia
Spain
Turkey
United Kingdom
Rest of Europe
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Europe Phase Change Material Market Research FAQs

How big is the Europe Phase Change Material Market?

The Europe Phase Change Material Market size is expected to reach USD 428.09 million in 2025 and grow at a CAGR of 9% to reach USD 658.66 million by 2030.

What is the current Europe Phase Change Material Market size?

In 2025, the Europe Phase Change Material Market size is expected to reach USD 428.09 million.

Who are the key players in Europe Phase Change Material Market?

Henkel AG & Co.KGaA, Croda International Plc, Cryopak, PARKER HANNIFIN CORP and Pluss Advanced Technologies are the major companies operating in the Europe Phase Change Material Market.

What years does this Europe Phase Change Material Market cover, and what was the market size in 2024?

In 2024, the Europe Phase Change Material Market size was estimated at USD 389.56 million. The report covers the Europe Phase Change Material Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Europe Phase Change Material Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Europe Phase Change Material Industry Report

Statistics for the 2025 Europe Phase Change Material market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Phase Change Material analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.

Europe Phase Change Material Market Report Snapshots

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Europe Phase Change Material Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)