Phenolic foam board is a type of insulation board made from a type of foam known as phenolic foam. It is a lightweight, rigid and durable material that is used in a wide range of applications such as thermal insulation, sound insulation and fire protection. Phenolic foam board is a cost-effective insulation solution that is suitable for a variety of applications, including construction, automotive, aerospace, industrial and more.
Phenolic foam board is lightweight and easy to install, making it an ideal choice for thermal insulation and soundproofing. It is also resistant to mold, rot, and humidity and is non-combustible. It has good thermal insulation properties and can provide a good barrier to air leakage.
The global phenolic foam board market is expected to grow at a CAGR of 5.5% from 2021 to 2027. The growing demand from the residential and commercial construction industry is one of the major factors driving the growth of the market. Furthermore, the increasing demand for energy-efficient insulation materials is also expected to boost the market growth. In addition, the rising demand for fire protection materials is expected to further contribute to the growth of the market.
The global Phenolic Foam Board market was valued at US$ 1506 million in 2022 and is anticipated to reach US$ 2156.5 million by 2029, witnessing a CAGR of 5.2% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
A detailed market research report on Global Phenolic Foam Board Market available at: https://www.themarketreports.com/report/global-phenolic-foam-board-market-research-report
This report aims to provide a comprehensive presentation of the global market for Phenolic Foam Board, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Phenolic Foam Board.
The major global companies of Phenolic Foam Board include Kingspan Insulation, Asahi Kasei, Unilin(Xtratherm), LG Hausys, Sekisui Chemical, Jinan Shengquan Group, Tenlead, Guibao etc. In 2021, the world’s top three vendors accounted for approximately % of the revenue.
Ask for more details or sample of this report at: https://www.themarketreports.com/report/ask-your-query/1408771
Release by:
Shirish Gupta
Marketing Manager
The Market Reports
Call: +1-631-407-1315 / +91-750-729-1479
Email: sales@themarketreports.com