The Global Phenolic Foam Insulation Material Market was valued at USD 391 million in 2023 and is projected to reach USD 537.54 million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 3.60% during the forecast period (2024–2032). This growth is fueled by stringent energy efficiency regulations, superior fire safety performance, and expanding construction activities across residential and commercial sectors.

As building codes worldwide demand higher thermal performance and fire resistance, phenolic foam emerges as a premium insulation solution outperforming conventional materials. In this analysis, we examine the Top 10 Companies in the Phenolic Foam Insulation Material Industry — the innovators setting benchmarks for thermal efficiency and fire-safe construction materials.

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🔟 1. Kingspan Insulation

Headquarters: Kingscourt, Ireland
Key Offering: Kooltherm phenolic foam insulation systems

Kingspan leads the market with its advanced Kooltherm range, achieving 20% better thermal performance than mineral wool alternatives. The company operates with carbon-neutral manufacturing commitments across its global facilities.

Innovation Highlights:

• Euroclass B-s1,d0 fire classification (highest for organic insulation)
• Thermal conductivity as low as 0.018 W/m·K
• Global production capacity expansion underway

Download FREE Sample Report: Global Phenolic Foam Insulation Material Market – View in Detailed Research Report

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9️⃣ 2. Asahi Kasei Corporation

Headquarters: Tokyo, Japan
Key Offering: Sunphenol building and industrial insulation

Asahi Kasei delivers precision-engineered phenolic solutions meeting Japan’s stringent JIS A 9511 standards while achieving Class 0 fire ratings in international markets.

Innovation Highlights:

• Closed-cell structure with 98% closed-cell content
• Operational temperature range from -200°C to +150°C

8️⃣ 3. LG Hausys

Headquarters: Seoul, South Korea
Key Offering: Hi-Mild construction insulation panels

LG’s phenolic foam technology combines thermal performance with exceptional moisture resistance, making it ideal for high-humidity environments.

Innovation Highlights:

• Formaldehyde emissions below 0.05 ppm
• Suitable for passive house and zero-energy buildings

Download FREE Sample Report: Global Phenolic Foam Insulation Material Market – View in Detailed Research Report

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7️⃣ 4. Fujian Tenlead Advanced Material Co., Ltd.

Headquarters: Fujian, China
Key Offering: Cost-competitive phenolic foam boards

As Asia’s largest phenolic foam manufacturer, Fujian Tenlead supplies over 50 million m³ annually to construction and industrial sectors throughout the region.

Innovation Highlights:

• Custom density formulations from 40-120 kg/m³
• Vertically integrated resin-to-foam production

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6️⃣ 5. Jinan Shengquan Group Share Holding Co., Ltd.

Headquarters: Shandong, China
Key Offering: Specialty phenolic resins and foam products

Shengquan controls the complete value chain from resin synthesis to finished foam products, exporting to over 50 countries worldwide.

Innovation Highlights:

• High-temperature formulations for industrial applications
• Bromine-free fire retardant technologies

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5️⃣ 6. Unilin (Xtratherm)

Headquarters: Wielsbeke, Belgium
Key Offering: XTROLITE premium insulation boards

Unilin’s insulation division produces phenolic foam meeting the most demanding European construction standards while prioritizing environmental sustainability.

Innovation Highlights:

• 100% ozone-friendly blowing agents
• Fully recyclable product design

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4️⃣ 7. Guibao New Materials Co., Ltd.

Headquarters: Henan, China
Key Offering: High-density industrial phenolic foam

Guibao specializes in robust insulation solutions for petrochemical plants and LNG facilities, holding 27 Chinese patents for material innovations.

Innovation Highlights:

• Compressive strength up to 300 kPa
• Custom large-format panels (2400x1200mm)

Get Full Report Here: Global Phenolic Foam Insulation Material Market – View in Detailed Research Report

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3️⃣ 8. Fukuvi Chemical Industry Co., Ltd.

Headquarters: Osaka, Japan
Key Offering: Flame-retardant phenolic insulation

Fukuvi’s products achieve Japan’s highest fire performance ratings while maintaining excellent thermal properties for high-rise applications.

Innovation Highlights:

• Smoke density rating below 25
• Hydrophobic formulations for humid climates

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2️⃣ 9. Beijing New Building Materials plc

Headquarters: Beijing, China
Key Offering: Composite phenolic insulation panels/

As a state-owned enterprise, BNBG supports China’s infrastructure development with fire-safe insulation solutions meeting GB/T national standards.

Innovation Highlights:

• Aluminum-faced sandwich panels
• Cold chain logistics applications

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1️⃣ 10. Changzhou Tiansheng New Materials Co., Ltd.

Headquarters: Jiangsu, China
Key Offering: HVAC-focused phenolic solutions

Tiansheng provides specialized duct insulation serving Asia’s growing HVAC market, with formulations optimized for clean air handling systems.

Innovation Highlights:

• Low-dust cutting technology
• Custom fabricated pipe sections

Get Full Report Here: Global Phenolic Foam Insulation Material Market – View in Detailed Research Report

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🌍 Market Outlook: Fire Safety and Sustainability Driving Adoption

The phenolic foam insulation sector is transforming as global regulations increasingly prioritize both energy conservation and fire protection in building materials.

📈 Key Industry Trends:

• Building sector dominates with 60% market share
• Industrial applications growing at 7.5% CAGR
• Fire-resistant grades command 35% price premium
• Europe and North America represent 65% of global demand
• Material innovations focused on emissions reduction

Get Full Report Here: Global Phenolic Foam Insulation Material Market – View in Detailed Research Report

The companies profiled above are redefining building performance standards through advanced insulation technologies that simultaneously address energy efficiency and fire safety requirements.