Dallas, TX / CRWE PRESS RELEASE / Dec. 9, 2021 - According to the recent study the phenolic insulation market is projected to reach an estimated $1.6 million by 2024, at a CAGR of 6.6% from 2020 to 2024. Growth in this market is primarily driven by growth in the construction of energy efficient buildings, rising concern related to greenhouse gas emissions, and excellent insulation efficiency of phenolic foam.

Browse 125 figures / charts and 48 tables in this 193 -page report to understand trends, opportunities and forecast in 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).

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“Ducts market is expected to remain the largest segment during the forecast period.”

Based on application, the phenolic insulation market is segmented into duct, pipe, wall, roof, floor, and others. Lucintel forecasts that the duct market is expected to remain the largest segment 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.

“Within the phenolic insulation market, the HVAC system segment is expected to remain the largest end use industry”

Based on end use industry, the HVAC system segment is expected to witness the largest segment and to witness highest growth during the forecast period, supported by the growing urbanization and construction activities.

“Asia-Pacific will dominate the phenolic insulation market in near future”

Asia-Pacific is expected to be the largest region 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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Major players of phenolic insulation market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Kingspan Group, Asahi Kasei Construction Material, Sekisui Chemical Co Ltd, Unilin (Xtratherm), and LG Hausys and others are among the major phenolic insulation providers.

This unique 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 or helpdesk@lucintel.com