The Global PF Phenolic Foam Insulation Board Market was valued at USD 1.5 Billion in 2025 and is projected to reach USD 2.5 Billion by 2034, growing at a Compound Annual Growth Rate (CAGR) of 5.8% during the forecast period (2026–2034). This growth is being driven by stringent global building energy efficiency regulations, an increasing emphasis on fire safety in construction, and the rising demand for high-performance insulation materials in both commercial and residential sectors.

As the construction industry accelerates its transition toward safer, more energy-efficient buildings, the focus intensifies on the material science innovators who are developing advanced insulation solutions. In this blog, we profile the Top 10 Companies in the PF Phenolic Foam Insulation Board Industry—a mix of global material science giants and specialized manufacturers shaping the future of building envelopes.

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🔟 1. Kingspan Insulation

Headquarters: Kingscourt, Ireland
Key Offering: Kooltherm® phenolic foam insulation boards

Kingspan Insulation is a global leader in high-performance insulation solutions, with its Kooltherm® range representing one of the most recognized phenolic foam product lines worldwide. The company serves a vast international market, providing insulation for a diverse range of applications including walls, roofs, and floors. Their products are renowned for their exceptionally low thermal conductivity and superior fire performance.

Innovation and Sustainability Initiatives:

• Pioneering ultra-thin, high-performance insulation solutions for space-constrained projects

• Commitment to net-zero energy manufacturing and product lifecycle assessment

• Extensive investment in R&D to enhance fire safety credentials and environmental performance

Download FREE Sample Report: PF Phenolic Foam Insulation Board Market – View in Detailed Research Report

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9️⃣ 2. Asahi Kasei

Headquarters: Tokyo, Japan
Key Offering: Phenolic foam insulation boards for construction and industrial applications

Asahi Kasei, a major Japanese chemical conglomerate, is a key player in the advanced materials sector, including phenolic foam. Leveraging its deep expertise in chemical engineering, the company produces high-quality insulation boards that meet rigorous Japanese and international standards for fire safety and thermal efficiency.

Innovation and Sustainability Initiatives:

• Focus on developing products with improved moisture resistance and long-term stability

• Integration of phenolic foam solutions into prefabricated building systems for the Japanese market

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8️⃣ 3. LX Hausys

Headquarters: Seoul, South Korea
Key Offering: Hausys Phenolic Foam insulation products

LX Hausys is a leading South Korean manufacturer of building and high-performance materials. The company has a strong presence in the Asian insulation market, offering phenolic foam boards that are specified for their excellent fire reaction properties and thermal performance, particularly in high-rise and commercial projects.

Innovation and Sustainability Initiatives:

• Development of facade and wall systems incorporating phenolic foam cores

• Emphasis on products that contribute to green building certification programs like LEED and BREEAM

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

Headquarters: Fujian, China
Key Offering: Phenolic foam boards for construction and cold chain logistics

Fujian Tenlead is a significant Chinese manufacturer specializing in advanced insulation materials. The company has established itself as a major supplier in the Asia-Pacific region, producing phenolic foam boards that are used extensively in building insulation as well as in specialized applications like refrigeration and industrial piping.

Innovation and Sustainability Initiatives:

• Scaling production capacity to meet growing domestic and international demand

• Focus on cost-competitive manufacturing while maintaining high fire safety standards

Download FREE Sample Report: PF Phenolic Foam Insulation Board Market – View in Detailed Research Report

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6️⃣ 5. Jinan Shengquan Group Share-holding Co., Ltd.

Headquarters: Jinan, China
Key Offering: Phenolic resin and foam insulation products

Jinan Shengquan Group is a vertically integrated producer with expertise in phenolic resins, the key raw material for phenolic foam. This integration gives the company a strategic advantage in controlling quality and cost, positioning it as a leading supplier in the Chinese market and beyond.

Innovation and Sustainability Initiatives:

• Investment in bio-based phenolic resin research to reduce environmental footprint

• Expansion of product applications into composite panels and industrial insulation

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5️⃣ 6. Unilin (Xtratherm)

Headquarters: Wielsbeke, Belgium
Key Offering: Xtratherm phenolic insulation boards

Unilin, through its insulation division Xtratherm, is a prominent European manufacturer of rigid insulation products. The company’s phenolic foam boards are widely used across the UK and European markets for their high performance in both new build and renovation projects, particularly where superior fire safety is a prerequisite.

Innovation and Sustainability Initiatives:

• Development of thin-profile insulation solutions for internal wall insulation and refurbishment

• Strong focus on providing certified products for passive house and low-energy building standards

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4️⃣ 7. Fukuvi (Sekisui Chemical)

Headquarters: Osaka, Japan
Key Offering: Fukuvi phenolic foam insulation

Fukuvi, part of the Sekisui Chemical Group, is a specialized manufacturer of phenolic foam insulation in Japan. The company produces high-quality boards known for their durability and consistent performance, catering to the demanding requirements of the Japanese construction industry.

Innovation and Sustainability Initiatives:

• Specialization in products for severe service conditions and high-humidity environments

• Continuous improvement of manufacturing processes to enhance product quality and reduce waste

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3️⃣ 8. Tengzhou City Huahai New Thermal Insulation Material Co., Ltd.

Headquarters: Shandong, China
Key Offering: Phenolic foam boards for building and industrial use

Tengzhou City Huahai is a Chinese manufacturer focused on the production of thermal insulation materials. The company supplies phenolic foam boards to the domestic construction market, emphasizing the material’s benefits for energy conservation and fire protection in line with China’s evolving building codes.

Innovation and Sustainability Initiatives:

• Adapting product formulations to meet specific regional construction practices and standards

• Expanding distribution networks within China and to neighboring countries

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2️⃣ 9. Jsguibao

Headquarters: Hebei, China
Key Offering: Phenolic foam insulation products

Jsguibao is a specialized manufacturer in China’s robust insulation materials sector. The company produces phenolic foam boards that are used in various construction applications, contributing to the country’s massive urban development and infrastructure projects.

Innovation and Sustainability Initiatives:

• Focus on cost-effective production to serve price-sensitive market segments

• Investment in automation to improve production efficiency and product consistency

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1️⃣ 10. Langfang Clear Chemical Building Materials Co., Ltd.

Headquarters: Hebei, China
Key Offering: Phenolic foam and other chemical building materials

Langfang Clear is another key Chinese player in the building materials industry, manufacturing phenolic foam insulation boards among other products. The company supports the growing demand for high-performance insulation within China’s construction boom, focusing on quality and reliability.

Innovation and Sustainability Initiatives:

• Development of integrated building material systems incorporating phenolic foam

• Emphasis on meeting the specific fire safety requirements of the Chinese market

Get Full Report Here: PF Phenolic Foam Insulation Board Market – View in Detailed Research Report

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🏗️ Outlook: The Future of Building Insulation Is High-Performance and Fire-Safe

The PF phenolic foam insulation board market is undergoing a significant evolution. While traditional insulation materials still dominate by volume, the industry is increasingly investing in advanced materials that offer a superior balance of thermal efficiency and inherent fire safety, driven by stricter regulations and a greater focus on building occupant safety.

📈 Key Trends Shaping the Market:

• Rising stringency of building energy codes worldwide, mandating higher R-values

• Increased specification of non-combustible and low-smoke insulation materials in commercial and high-rise residential buildings

• Growth in the renovation sector, where thin, high-performance insulation is critical for retrofit projects

• Expansion into prefabricated construction and composite panel applications

Get Full Report Here: PF Phenolic Foam Insulation Board Market – View in Detailed Research Report

The companies listed above are not only supplying essential building materials—they’re driving the safety and sustainability of the global built environment.