QYResearch: The global phenolic foam board market is expected to reach USD 1.9 billion by 2023

QYResearch: The global phenolic foam board market is expected to reach USD 1.9 billion by 2023 www.qyresearchglobal.com

QYResearch

Beijing Hengzhou Bozhi International Information Consulting Web: qyresearchglobal.com | qyresearcheurope.com | qyresearch.com | qyresearch.com/english | qyresearchjapan.com TEL:+86-13660489419, Office:+86-2086655165 Media: press@qyresearch.com Marketing: sales@qyresearch.com Facebook: @QYResearchOfficial, Twitter: @QYResearch_ Wechat Official Account: QYResearch, Weibo: 恒州博智

www.qyresearchglobal.com

QYResearch

Phenolic foam board is recognized as a kind of important building insulation material. Phenolic foam board has thermal and fire performance solutions in commercial and residential buildings.

It is used extensively in the building industry for a number of application areas including roofing, cavity board, external wall board, plaster board dry linings systems, floor insulation and as sarking board.

Phenolic foams offer significant advantages over other insulation materials. A range of phenolic foam boards is available to suit most new buildings or refurbishment applications.

www.qyresearchglobal.com

QYResearch According to QYResearch, The global phenolic foam board sales market was 120 million Sq.m in 2016 and is expected to grow at a CAGR of 3.73% from 2017 to 2023. The global phenolic foam board market was valued at USD 1.5 billion in 2016 and is expected to reach USD 1.9 billion by 2023. Overall, the phenolic foam board products performance is positive with the global economic recovery.

The technical barriers of phenolic foam board are relatively high, and the major players are Kingspan Insulation, Asahi Kasei, Unilin(Xtratherm), Sekisui Chemical, Jinan Shengquan Group, Tenlead, Guibao, Langfang Sanxing Chemical, and Lions. These companies mainly concentrate in Japan, China, and United Kingdom. China is the largest consumer, almost 37.46% of total consumption in 2016, followed

by Europe with 22.59% of consumption share.

Phenolic foam board has a wide range of applications. Phenolic foam board is used in in industry use and building use. Therefore, growing demand for commercial and residential buildings has driven the growth of global phenolic foam board market. The demand for phenolic foam board is expected to continue increasing during the remaining years of the forecast period of 2017-2023. Phenolic foam board industry will usher in a stable growth space.

www.qyresearchglobal.com

QYResearch

In the past few years, the price of phenolic foam board has a little change and we expect the price will slightly lower. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of phenolic foam board.

www.qyresearchglobal.com

QYResearch

As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. With the snatch for market share in emerging regions, the competition in phenolic foam board industry will become more intense.

More Detail: http://www.qyresearchglobal.com/goods-809008.html www.qyresearchglobal.com