: The global phenolic insulation market is expected to reach $1.5 billion by 2023

   September 26 2018
According to a new market report published by Lucintel, the future of the global phenolic insulation market looks promising with opportunities in building and construction, industrial, and HVAC systems. The global phenolic insulation market is expected to reach an estimated $1.5 billion by 2023 with a CAGR of 6.1% from 2018 to 2023. 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 “Global Phenolic Insulation Market”

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In this market, wall, floor, roof, ducts, and pipe are the major applications of phenolic insulation materials. 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.

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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.

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Emerging trends, which have a direct impact on the dynamics of the industry, 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 are among the major suppliers for the global phenolic insulation materials.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global phenolic insulation market by end use industry, application, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Phenolic Insulation Market 2018-2023: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global phenolic insulation market by end use industry, application, and region as follows:

Phenolic Insulation Market by End Use Industry [Volume (M lbs) and $M shipment analysis for 2012–2023]:

  • HVAC Systems

  • Building and Construction

  • Industrial

  • Others

Phenolic Insulation Market by Application [Volume (M lbs) and $M shipment analysis for 2012–2023]:

  • Ducts

  • Pipes

  • Walls

  • Roofs

  • Floors

  • Others

Phenolic Insulation Market by Region [Volume (M lbs) and $M shipment analysis for 2012–2023]:

  • North America

    • United States

  • Europe

    • United Kingdom

    • Germany

    • France

  • Asia Pacific

    • China

    • Japan

    • India

  • Rest of the World

  • Saudi Arab

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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    mailto:mhelpdesk@lucintel.com.

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