Phenolic Foam (PF) is closed cell rigid plastic foam comprising of phenolic resin and other additives. The phenolic foam has been recognized the best insulation material for the excellent fire resistance performance, low smoke emission, high temperature resistance, stability, superior thermal performance, extremely sound insulating property & structural strength performance. Phenolic foam is considered one of the best material for thermal insulation. Phenolic Foam is used for Fire Retardant Doors, HVAC Air Ducts, and Insulation System for Pipes

Panels are available in thickness from 30mm to 50 mm.

Phenolic Panel Market:

The global phenolic panel market size is projected to grow from USD 1.7
billion in 2020 to USD 2.4 billion by 2025, at a CAGR of 6.5% during the
forecast period. The phenolic panel industry is growing due to the rise
in the demand from construction, aerospace & defense, and
transportation industries. 

The construction industry has the largest market share in the global phenolic panel.

The construction end-use industry is the major
industry in the global phenolic panel market on account of the high
demand from both commercial and residential projects owing to growing
concern towards fire-safety. Increased adoption of phenolic panels
across elevator walls, decorative interior & exterior, escalator
claddings, and balcony cladding, among others, are augmenting the growth
of the phenolic panel market in the construction industry.

Interior application is the major segment of the market in terms of value.

Interior is the most prominent application of
phenolic panel. Phenolic panels are used for interior applications in
various industries, including construction, marine, and transportation.
Phenolic panels offer superior fire resistance characteristics; hence
they are gaining acceptance across the globe for interior application to
avoid fire-related accidents.

Sandwich type is the fastest-growing application segment of the phenolic panel market in terms of value.

Sandwich type phenolic panel holds the majority of the market share owing to high demand from construction, transportation, marine, and aerospace & defense industries. Increasing implementation of aluminum-based phenolic panels across various applications, including furniture, air conditioning duct panel, floor, partitions, etc. are responsible for the high growth of the sandwich segment.

Class A phenolic panel is the fastest-growing segment of the phenolic panel market in terms of value.

Class A dominated the phenolic panel market in the class segment. Class A phenolic panels are heavily used for interior, exterior, and other applications owing to their superior fire resistance characteristics. Owing to the lower Flame Spread Index (FSI), these panels are witnessing a high demand from the North America and European market.