The Global Phenolic Foam Insulation Sheet Market was valued at USD 1.55 Billion in 2021 and is projected to reach USD 2.16 Billion by 2028, growing at a Compound Annual Growth Rate (CAGR) of 4.9% during the forecast period (2022–2028). This robust growth is fueled by stringent global building energy codes, increasing demand for fire-safe construction materials, and the accelerating focus on sustainable building envelopes across industrial and commercial sectors.

As the construction industry intensifies its focus on energy conservation and safety, the demand for high-performance insulation solutions like phenolic foam is surging. These sheets are renowned for their exceptional fire resistance and superior thermal performance. In this blog, we profile the Top 10 Companies in the Phenolic Foam Insulation Sheet Industry—a group of material science innovators and manufacturing leaders driving the future of efficient and safe building infrastructure.

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🔟 1. Kingspan Insulation

Headquarters: Kingscourt, Ireland
Key Offering: Kooltherm® Phenolic Insulation Boards

Kingspan Insulation is a global leader in high-performance insulation solutions. Their Kooltherm range of phenolic foam boards is renowned for having one of the lowest thermal conductivities of any insulation product available, making them a top choice for projects requiring superior energy efficiency in limited space.

Innovation & Sustainability Focus:

• Pioneer in ultra-thin, high-performance insulation technology

• Strong commitment to product lifecycle assessment and circular economy principles

• Net-zero carbon manufacturing targets by 2030

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9️⃣ 2. Asahi Kasei

Headquarters: Tokyo, Japan
Key Offering: Phenolic Foam Insulation for construction and industrial applications

Asahi Kasei, a diversified Japanese chemical conglomerate, produces high-quality phenolic foam insulation known for its durability and excellent fire-retardant properties. The company leverages its advanced material science expertise to serve demanding markets, particularly in Asia and North America.

Innovation & Sustainability Focus:

• Investment in R&D for enhanced fire performance and environmental compatibility

• Focus on sustainable manufacturing processes and reducing VOC emissions

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8️⃣ 3. Mohawk (Unilin)

Headquarters: Calhoun, Georgia, USA
Key Offering: Phenolic insulation panels under various brand names

Through its Unilin division, Mohawk Industries is a significant player in the building products sector. The company offers phenolic foam insulation solutions that are integral to high-performance building envelopes, focusing on both residential and commercial construction markets.

Innovation & Sustainability Focus:

• Integration of insulation solutions with other building product systems

• Commitment to sustainable sourcing and manufacturing efficiency

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7️⃣ 4. LG Hausys

Headquarters: Seoul, South Korea
Key Offering: Phenolic foam sheets for building and industrial insulation

LG Hausys, a former affiliate of the LG Group, is a leading South Korean manufacturer of building and decorative materials. The company produces phenolic foam insulation that meets rigorous Korean and international standards for fire safety and thermal performance.

Innovation & Sustainability Focus:

• Development of eco-friendly insulation materials with high recycled content

• Strong R&D focus on improving product durability and installation efficiency

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

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6️⃣ 5. Sekisui Chemical

Headquarters: Osaka, Japan
Key Offering: Phenolic foam insulation products for diverse applications

Sekisui Chemical is a major Japanese chemical company with a strong presence in the high-performance plastics and foams market. Their phenolic foam insulation is valued for its consistent quality and reliability, serving the construction industry’s need for safe and efficient thermal barriers.

Innovation & Sustainability Focus:

• Advanced chemical processing for superior foam cell structure and performance

• Active pursuit of carbon neutrality in its production processes

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5️⃣ 6. Jinan Shengquan Group

Headquarters: Jinan, China
Key Offering: Phenolic resins and phenolic foam insulation sheets

Jinan Shengquan Group is a leading Chinese manufacturer of phenolic resins and downstream products, including phenolic foam insulation. The company benefits from vertical integration, controlling the raw material supply chain to ensure cost-effectiveness and quality consistency.

Innovation & Sustainability Focus:

• Significant investments in expanding production capacity to meet growing domestic demand

• Development of specialized formulations for harsh climatic conditions

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4️⃣ 7. Fujian Tenlead Advanced Material

Headquarters: Fujian, China
Key Offering: Phenolic foam boards for construction and HVAC industries

Fujian Tenlead Advanced Material Co., Ltd. specializes in the research, production, and sale of advanced phenolic foam products. The company has established a strong position in the Asian market by offering competitive and reliable insulation solutions.

Innovation & Sustainability Focus:

• Focus on technological innovation to improve fire resistance ratings

• Expansion of product portfolio to include composite insulation panels

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3️⃣ 8. Chengdu Guibao Science & Technology

Headquarters: Chengdu, China
Key Offering: Phenolic foam insulation and other specialty chemical products

Chengdu Guibao is a technology-driven company focusing on the development and production of new polymer materials. Its phenolic foam insulation products are designed to meet the specific needs of the rapidly growing Chinese construction market, emphasizing both performance and affordability.

Innovation & Sustainability Focus:

• R&D efforts aimed at enhancing the mechanical strength of foam sheets

• Implementation of automated production lines for improved quality control

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2️⃣ 9. Assan Panel

Headquarters: Istanbul, Turkey
Key Offering: Phenolic foam core sandwich panels for building facades and roofs

Assan Panel is a prominent manufacturer of insulated sandwich panels in the EMEA region. While offering various core materials, their phenolic foam-cored panels are highly regarded for projects requiring the utmost fire safety, such as in warehouses, clean rooms, and public buildings.

Innovation & Sustainability Focus:

• Specialization in complete wall and roof system solutions

• Focus on achieving high European fire classification standards (e.g., Euroclass B-s1,d0)

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1️⃣ 10. Other Prominent Regional Players

Headquarters: Various global locations
Key Offering: Phenolic foam insulation sheets for local and niche markets

Beyond the major global players, several strong regional manufacturers contribute significantly to the phenolic foam insulation sheet market. These companies often dominate their local markets by understanding regional building codes, climate-specific needs, and distribution channels, providing tailored solutions.

Market Role & Focus:

• Catering to specific application needs in industrial and commercial construction

• Ensuring supply chain resilience and cost-competitiveness in regional markets

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🌍 Outlook: The Future of Insulation is High-Performance and Fire-Safe

The phenolic foam insulation sheet market is experiencing a significant transformation. Driven by the global push for energy-efficient buildings and increasingly strict fire safety regulations, the industry is focusing on product innovation, sustainability, and application-specific solutions.

📈 Key Trends Shaping the Market:

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

• Growing adoption in retrofitting existing buildings to improve energy performance

• Increasing demand for non-combustible insulation materials in high-risk buildings

• Development of thinner, more efficient panels to maximize usable space

Read Full Report: Phenolic Foam Insulation Sheet Market – View in Detailed Research Report

The companies listed above are not only supplying essential building materials—they are at the forefront of creating safer, more energy-efficient, and sustainable built environments worldwide.