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.
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 [email protected].
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 www.lucintel.com.
This report answers following 11 key questions:

Q.1 What are some of the most promising, high-growth opportunities for the phenolic insulation market by end use industry (HVAC system, building and construction, industrial, and others), application (duct, pipe, wall, roof, floor, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?