Global phenolic insulation market is expected to reach $1.5 billion by 2023

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DALLAS, Oct. 12, 2018 (GLOBE NEWSWIRE) -- According to a new market report published by Lucintel, the future of the global 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.

In this market, duct, pipe, wall, roof, floor, and others are used for phenolic insulation manufacturing for applications.  On the basis of comprehensive research, 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. Download Free PDF Brochure @

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. Pre-Purchase Query @ 

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 global phenolic insulation market by end use industry, application, and region, and has compiled a comprehensive research report entitled “.” 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 global phenolic insulation market by end use industry, application, and region.

For a detailed table of contents, contact Lucintel at +1-972-636-5056 or mail at .

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Globe Newswire: 13:13 GMT Friday 12th October 2018

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