The Global Phenolic Insulation Market is Expected to Reach an Estimated $1 Billion by 2030
The Global Phenolic Insulation Market is Expected to Reach an Estimated $1 Billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global phenolic insulation market looks promising with opportunities in the hvac systems, building and construction, and industrial markets. The global phenolic insulation market is expected to reach an estimated $1 billion by 2030 at a CAGR of 6.6% from 2023 to 2030. The major drivers for this market are rising awareness and stringent regulations regarding energy efficiency and building standards, growth in construction and infrastructure development, and innovations in building technologies and materials.
In this market, ducts, pipes, walls, roofs, and floors are the major segments of phenolic insulation market by application.
Lucintel forecasts that ducts will remain the largest segment over the forecast period due to growing requirement of higher thermal insulation and better fireproofing in buildings with a minimum thickness.
Within this market, HVAC system will remain the largest segment due to growing urbanization and construction activities.
APAC is expected to witness the highest growth over the forecast period due to increasing infrastructure spending and imposition of regulations on energy efficient buildings are leading the demand for phenolic insulation material.
Kingspan Group, Asahi Kasei, Sekisui Chemical, Johns Manville, and Huntsman Corporation are the major suppliers in the phenolic insulation market.
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 write us at [email protected]. To get access of more than 1000 reports at fraction of cast visit Lucintel’s Analytics Dashboard.
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Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056