Phenolic foam can be defined as a closed-sell structure that possesses excellent thermal properties. It is manufactured by mixing high solids and phenolic resins with surface acting agents, producing a network of small bubbles in the material. Phenolic foam is lightweight and has low thermal conductivity that helps in achieving excellent insulation efficiency with minimum thickness of insulation. Compared to other organic foams, phenolic foams possess exceptional fire retardant properties. These include low flammability, low smoke density, and toxicity. Additionally, the thermal conductivity of phenolic foam is much lower than any other foam. This property makes phenolic foam an ideal material for usage for heat insulation and energy conservation. Unique properties make phenolic foam an ideal raw material for usage in applications such as civil construction, military aircraft, and naval vessels. Phenolic foam is extremely brittle and friable. This restricts its usage in applications such as nanometer fillers and short fibers.

Phenolic foam is produced using a process that involves mixture of resole resin, acid catalyst, blowing agents such as hydrofluorocarbons, pentane or hexane, and surfactants. These foams are cured at the temperature below 100°C. This particular pressure helps avoid vaporization of water, which helps increase the pressure within the foam and rupture the cell.

Based on application, the global phenolic foams market can be segmented into cold insulation, heating ventilation Air conditioning, building and construction, petrochemical manufacturing, and others. Phenolic foams are primarily used as insulation materials because of their excellent flame resistance and high thermal stability property over a broad temperature range and low generation of toxic gases. Rigid phenolic insulation products offer good thermal insulating properties due to the very low thermal conductivity of phenolic foam compared to rigid polyurethane or extruded polystyrene. It is 50% more effective than other common insulation materials. Its low thermal conductivity helps it perform extremely well with minimal thickness of insulation. This is particularly significant where space saving is important.

Phenolic foam is used in air conditioning, and building and construction applications due to their excellent properties such as low water vapor permeance, low water absorption, and non-wicking. Phenolic foam is also used to manufacture insulation boards. These boards are manufactured by mixing high solids and phenolic resins with a surface acting agent. Furthermore, the heat is created by a reaction, which produces a network of small bubbles in the material. The foam can be cured to create one of two forms of the product. It can be manufactured by a continuous process to create thin sheet material, which is laminated with various facings and cut into boards.

Based on geography, the global phenolic foams market can be segregated into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. North America and Europe are the major regions of the phenolic foams market, led by the growth in the insulation industry. Companies operating in the phenolic foams market in Asia Pacific and Latin America are investing significantly in research and development activities, as phenolic foams offer various beneficial properties.

Major players operating in the global phenolic foams market are Asahi Kasei, Hexicon, Prefer Resins, Sekisui Chemical Co., Ltd, Kingspan Insulation, Anglitemp Limited, Resolco, Xtratherm, Bakelite Haylam, and Dyplast. These companies hold significant share of the market. Thus, the phenolic foams market experiences intense competition. 

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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