Lucintel anticipates that Asia Pacific will be the fastest growing region in the phenolic insulation market

   September 23, 2019
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"

To download report brochure, please go to click "report brochure" tab from the menu .

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

    • United States

  • Europe

    • United Kingdom

    • Germany

    • France

  • APAC

    • China

    • Japan

    • India

  • ROW

    • Saudi Arab

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 or

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit

Lucintel Corporate Customers

Market Entry, M & A, Opportunity Screening,...

Private Equity Customers

Buy Side Services (target screening, due diligence, ..)

Market Research Reports

Aerospace & Defense [53]
Chemical [264]
Composites & Advanced Materials [171]
Construction & Industrial [76]
Consumer and Retail [140]
Economic Analysis [86]
Energy & Utility [73]
Finance & Services [10]
Healthcare [79]
Media & Entertainment [16]
Metals & Mining [17]
Technology & Telecommunication [166]
Transportation [143]

Customer Quotes

"With more than 20 years experience in the industry, this is the first time we have come across such an extensive market analysis for our industry." Ven Cote, CEO, ZCL

"The insights we gained from Lucintel work helped with our business plan…a wonderful professional job…" Mike Jackson, Stahlin

"The report from Lucintel is useful not only for business planners, but also for the technology officers wanting to create a roadmap …" Dr. Giulio Ranzo, Booz Allen

"The information is so comprehensive, it has allowed us to identify & focus our business development efforts. It saved months of leg-work." Bill Barz, L&L Products

"We bought Lucintel report because it is the best report about our industry…a complete and appropriate analysis." Cesare Andrenacci, Ferretti

Quick Query

Lucintel Insights in News

Follow us on