The Worldwide Phenolic Insulation Industry is Projected to Reach $1.6 Billion by 2031 at a 6.5% CAGR

DUBLIN, Jan. 20, 2023 /PRNewswire/ -- The "Phenolic Insulation Market By Application, By End-Use Industry: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to  ResearchAndMarkets.com's offering.

The phenolic insulation market was valued at $0.9 billion in 2021 and is projected to reach $1.6 billion by 2031, growing at a CAGR of 6.5% from 2022 to 2031.

Phenolic insulation is a stiff, closed-cell insulation product that performs efficiently, due to its low thermal conductivity. It is produced in big buns, which are further then constructed into pipe covers, curved segments, tank heads, and sheets. The three major components used for the production of phenolic insulation are phenolic resin, a blowing agent, and an acid catalyst; additional additives may be used to give the insulation particular characteristics.

Phenolic insulations are widely used in the building and construction industry, petrochemicals, refineries, pharmaceutical plants, and many other industries.

In addition, an increase in the use of ducts and pipes in the industrial sector is anticipated to boost the growth of the market for phenolic insulations, as they ensure high thermal insulation. Moreover, phenolic insulations are high thermal insulations, which are fireproof, with good chemical resistance, and showcase better environmental performance. These factors are expected to drive the demand for phenolic insulations during the forecast period.

However, there are some disadvantages associated with phenolic insulations. These include higher toxicity and high TVOC concentration. Furthermore, an extended amount of petroleum and natural gas are burnt for the production of phenolic insulation. These factors restrain customers from buying phenolic insulations; thus, hampering the growth of the phenolic insulation market.

On the contrary, China has developed a wide range of distinctive energy-saving materials and technologies and actively promotes their use in home construction. For instance, the use of fire-resistant polystyrene insulation plates or polyurethane insulation plates contributed to both the CCTV building fire and the Shanghai residential building fire, both of which had terrible outcomes.

The phenolic formaldehyde insulation exhibits minimum water absorption and exceptional age resistance, making it an excellent choice for use in wall insulation systems. Thus, phenolic insulation innovation and development are opening up a promising growth opportunity for the expansion of the global market.

The phenolic insulation market is segmented on the basis of application, end-use industry, and region. On the basis of application, the market is categorized into duct, pipe, wall, floor, roof, and others. On the basis of end-use industry, the market is classified into HVAC systems, building & construction, industrial, and others. Region wise, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.

Major players operating in the global phenolic insulation market include Armacell, Asahi Kasei Corporation, BASF SE, Beijing Coowor Network Technology Co., Ltd., Covestro AG, Dow Inc, Guibao, Huntsman Corporation, Johns Manville, Kingspan Group, LX Hausys, Owens Corning, Saint-Gobain, Sekisui Chemicals Co., Ltd, SQ Group.

Other players operating in the phenolic insulation market are Jinan Shengquan Group, Unilin(Xtratherm), Lapolla Industries, Inc., Recticel Group.

Key Benefits For Stakeholders

• This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the phenolic insulation market analysis from 2021 to 2031 to identify the prevailing phenolic insulation market opportunities.
• Market research is offered along with information related to key drivers, restraints, and opportunities.
• Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
• An in-depth analysis of the phenolic insulation market segmentation assists to determine the prevailing market opportunities.
• Major countries in each region are mapped according to their revenue contribution to the global market.
• Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
• The report includes an analysis of the regional as well as global phenolic insulation market trends, key players, market segments, application areas, and market growth strategies.

Key Topics Covered:

CHAPTER 1: INTRODUCTION

CHAPTER 2: EXECUTIVE SUMMARY

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.3. Porter's five forces analysis
3.4. Top player positioning
3.5. Market dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
3.6. COVID-19 Impact Analysis on the market
3.7. Value Chain Analysis
3.8. Key Regulation Analysis
3.9. Patent Landscape

CHAPTER 4: PHENOLIC INSULATION MARKET, BY APPLICATION
4.1 Overview
4.1.1 Market size and forecast
4.2 Duct
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Pipe
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Wall
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Roof
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Floor
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
4.7 Others
4.7.1 Key market trends, growth factors and opportunities
4.7.2 Market size and forecast, by region
4.7.3 Market analysis by country

CHAPTER 5: PHENOLIC INSULATION MARKET, BY END-USE INDUSTRY
5.1 Overview
5.1.1 Market size and forecast
5.2 HVAC system
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Industrial
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Building and construction
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
5.5 Others
5.5.1 Key market trends, growth factors and opportunities
5.5.2 Market size and forecast, by region
5.5.3 Market analysis by country

CHAPTER 6: PHENOLIC INSULATION MARKET, BY REGION

CHAPTER 7: COMPANY LANDSCAPE
7.1. Introduction
7.2. Top winning strategies
7.3. Product Mapping of Top 10 Player
7.4. Competitive Dashboard
7.5. Competitive Heatmap
7.6. Key developments

CHAPTER 8: COMPANY PROFILES
8.1 armacell
8.1.1 Company overview
8.1.2 Company snapshot
8.1.3 Operating business segments
8.1.4 Product portfolio
8.1.5 Business performance
8.1.6 Key strategic moves and developments
8.2 Asahi Kasei Corporation
8.2.1 Company overview
8.2.2 Company snapshot
8.2.3 Operating business segments
8.2.4 Product portfolio
8.2.5 Business performance
8.2.6 Key strategic moves and developments
8.3 BASF SE
8.3.1 Company overview
8.3.2 Company snapshot
8.3.3 Operating business segments
8.3.4 Product portfolio
8.3.5 Business performance
8.3.6 Key strategic moves and developments
8.4 Beijing Coowor Network Technology Co., Ltd.
8.4.1 Company overview
8.4.2 Company snapshot
8.4.3 Operating business segments
8.4.4 Product portfolio
8.4.5 Business performance
8.4.6 Key strategic moves and developments
8.5 covestro ag
8.5.1 Company overview
8.5.2 Company snapshot
8.5.3 Operating business segments
8.5.4 Product portfolio
8.5.5 Business performance
8.5.6 Key strategic moves and developments
8.6 DOW INC
8.6.1 Company overview
8.6.2 Company snapshot
8.6.3 Operating business segments
8.6.4 Product portfolio
8.6.5 Business performance
8.6.6 Key strategic moves and developments
8.7 Guibao
8.7.1 Company overview
8.7.2 Company snapshot
8.7.3 Operating business segments
8.7.4 Product portfolio
8.7.5 Business performance
8.7.6 Key strategic moves and developments
8.8 Huntsman Corporation
8.8.1 Company overview
8.8.2 Company snapshot
8.8.3 Operating business segments
8.8.4 Product portfolio
8.8.5 Business performance
8.8.6 Key strategic moves and developments
8.9 johns manville
8.9.1 Company overview
8.9.2 Company snapshot
8.9.3 Operating business segments
8.9.4 Product portfolio
8.9.5 Business performance
8.9.6 Key strategic moves and developments
8.10 Kingspan Group
8.10.1 Company overview
8.10.2 Company snapshot
8.10.3 Operating business segments
8.10.4 Product portfolio
8.10.5 Business performance
8.10.6 Key strategic moves and developments
8.11 LX Hausys
8.11.1 Company overview
8.11.2 Company snapshot
8.11.3 Operating business segments
8.11.4 Product portfolio
8.11.5 Business performance
8.11.6 Key strategic moves and developments
8.12 Owens Corning
8.12.1 Company overview
8.12.2 Company snapshot
8.12.3 Operating business segments
8.12.4 Product portfolio
8.12.5 Business performance
8.12.6 Key strategic moves and developments
8.13 Saint-Gobain
8.13.1 Company overview
8.13.2 Company snapshot
8.13.3 Operating business segments
8.13.4 Product portfolio
8.13.5 Business performance
8.13.6 Key strategic moves and developments
8.14 Sekisui Chemicals Co., Ltd
8.14.1 Company overview
8.14.2 Company snapshot
8.14.3 Operating business segments
8.14.4 Product portfolio
8.14.5 Business performance
8.14.6 Key strategic moves and developments
8.15 sq group
8.15.1 Company overview
8.15.2 Company snapshot
8.15.3 Operating business segments
8.15.4 Product portfolio
8.15.5 Business performance
8.15.6 Key strategic moves and developments

For more information about this report visit https://www.researchandmarkets.com/r/pmmfyn

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