Phenolic Foam Market Scope
Phenolic foams (PF) find their usage in a number of engineering applications such as insulation, lightening, energy absorption, and fire protection. They are designed for the thermal insulation of pipes, ducts, tanks and vessels for commercial and process industry applications. They offer optimum performance with regard to insulation efficiency, fire resistance, low smoke emission, environmental safety, and cost. It is also used in building applications such as roofing, flooring, and cavity walls and in the food processing industry for steel-faced panels
According to AMA, the Global Phenolic Foam market is expected to see growth rate of 6.25%
The Market for the Phenolic Foam is Fragmented with the Presence of Many Global as well as Regional Players. Leading Players can Adopt Strategies like as a Merger, Acquisition, Expansion, New Product Launches, in order to Gain Share within the Market. Owing to Booming Industrialization, there are Growing Prospects for the New Players to Enter the Market Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Phenolic Foam market throughout the predicted period.
Asahi Kasei Corporation (Japan), LG Hausys LTD (South Korea), Jinan Shengquan Group, Kingspan Insulation LLC (United Arab Emirates), Gulf Cool Therm Factory Ltd (United Arab Emirates), Xtratherm (Ireland), General Insulation Company (United States), Hexion Inc. (United States), The Merit Group (United States) and Howard J. Moore Company, Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Atlas Foam Products (United States), Kurz-Kasch Inc. (United States), American Foam Technologies Inc. (United States), Smithers-Oasis (United States) and Marine Foam (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Phenolic Foam market by Type (Blocks, Rolls, Slabs, Pipe Sections and Others), by Application (Commercial, Industrial, Residential and Others) and Region with country level break-up.
On the basis of geography, the market of Phenolic Foam has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Trend
- Increased Adoption of the Phenolic Foams over Other Types of Foams Owing to its Low Carbon-Di-Oxide Emissions
Market Drivers
- Growth in the Construction of Energy Efficient Buildings owing to Rapid Increase in the Population Coupled with the Rise in the Disposable Income
- Rise in the Usage of Commercial and Household Air Conditioning Systems Utilising Characteristics of Phenolic Foams like Low Water Vapour Permeance, Low Water Absorption, and Low Thermal Conductivity
Opportunities
- There is an Increased Opportunity for the Usage of Phenolic Foam in Industries like Refrigeration, Automotive, Aviation and Railways Owing to the Characteristics of the Phenolic Foams like High Chemical Resistance, Durability, and Mechanical Strength
Restraints
- Presence of Other Types of Insulating Foams like Polyurethane Foams and Glass Fibre Foams
Challenges
- Tackling the Unawareness about the Wide Applications of the Phenolic Foam in Many Locations Worldwide
Key Target Audience
Manufacturers of Phenolic Foam, Distributors/Traders, Importers/Exporters, Investors, Regulatory and Government Bodies, Downstream Vendors, Upstream Vendors and Others