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(EuropeNewsWire.Net, September 02, 2019 ) Market Overview:
The Europe phase change material market was worth XX billion in 2018 and is forecasted to reach XX billion by 2026, at a CAGR of XX% during the forecast period.
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.
Rise in PCM-integrated green buildings to reduce greenhouse gas emissions is driving the Europe phase change material market during the forecast period. 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.
By Product Type, the market is segmented into:
By End User, the market is segmented into:
Building & Construction
Packaging & Transportation
The competitive scenario of Europe Phase Change Materials is significantly influenced by the presence of international, regional, and local vendors and suppliers, with a focus on maintaining market position in a reasonably competitive market.
Major market players are:
Microtek Laboratories, Inc
Parker Hannifin Corporation
Cryopak Industries Inc.
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