According to a new market report published by Lucintel, the future of the phenolic insulation market looks promising with opportunities in building and construction, industrial, and HVAC systems. The phenolic insulation market is expected to reach an estimated $1.6 billion by 2024 with a CAGR of 6.6% from 2019 to 2024. The major growth drivers for this market are growth in the construction of energy efficient buildings, rising concern related to greenhouse gas emissions, and excellent insulation efficiency of phenolic foam.
Browse 48 market data tables and 125 figures spread through 193 pages and in-depth TOC on “Phenolic Insulation Market"
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In this market, duct, pipe, wall, roof, floor, and others are used for phenolic insulation manufacturing for application. Lucintel forecasts that ducts will remain the largest application and expected to witness the highest growth during the forecast period supported by growing requirement of higher thermal insulation and better fireproofing in buildings with a minimum thickness.
HVAC system is expected to remain the largest segment and to witness highest growth during the forecast period, supported by the growing urbanization and construction activities.
Asia-Pacific is expected to remain the largest market and is also expected to witness the highest growth over the forecast period. Increasing infrastructure spending and imposition of regulations on energy efficient buildings are leading the demand for phenolic insulation material.
Emerging trends, which have a direct impact on the dynamics of the phenolic insulation market, include the development of bio-based products and development of higher thermal performance products. Kingspan Group, Asahi Kasei Construction Material, Sekisui Chemical Co Ltd, Unilin (Xtratherm), and LG Hausys and others are among the major suppliers of phenolic insulation.
Lucintel, a leading global market research firm has analyzed growth opportunities in the phenolic insulation market by end use industry, application, and region has compiled a comprehensive research report entitled “Growth Opportunities in the Phenolic Insulation Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the phenolic insulation market by end use industry, application, and region as follows:
By End Use Industry [Volume (M lbs) and $M shipment analysis for 2013–2024]:
HVAC Systems
Building and Construction
Industrial
Others
By Application [Volume (M lbs) and $M shipment analysis for 2013–2024]:
Ducts
Pipes
Walls
Roofs
Floors
Others
By Region [Value ($ Million) from 2013–2024]:
North America
Europe
United Kingdom
Germany
France
APAC
ROW
This 193-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/phenolic-insulation-market.aspx or helpdesk@lucintel.com.
About Lucintel
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