The phenolic foam board market continues to expand, and local companies have competitive advantages

Phenolic foam material is a polymer organic rigid aluminum foil foam product, which is foamed from thermosetting phenolic resin. Phenolic foam board refers to a foam board with a closed cell structure made of phenolic foam material. Phenolic foam board has the advantages of good chemical stability, non-toxic, low temperature resistance, and anti-aging, and can be used as fire prevention, thermal insulation, and sound insulation materials.

The main raw material of phenolic foam board is phenolic resin, which is made from the polymerization of phenol and formaldehyde. Phenolic resin has foaming properties, chemical resistance, bonding strength, and high temperature resistance. It can be used as a raw material for thermal insulation materials, compression molding powder, adhesives, and friction materials. With the continuous advancement of production technology, my country’s phenolic resin industry has developed rapidly. In 2021, my country’s phenolic resin production capacity will reach 1.913 million tons, and the output will reach 1.625 million tons. Benefiting from the sufficient supply of raw materials, my country’s phenolic foam board production continues to grow.

According to the “2023-2028 China Phenolic Foam Board Industry Market In-depth Research and Development Prospects Forecast Report released by the Industrial Research Center, Phenolic foam boards are widely used and are in high demand in the field of building materials. Phenolic foam board has the advantages of being non-flammable, corrosion-resistant, good insulating properties, and light in weight. It can be used as insulation and fireproof materials and is widely used in temporary houses, supermarkets, steel structure factories, stadiums and other buildings. With the rapid development of the construction industry, the prosperity of the phenolic foam board industry continues to increase. In 2021, my country’s phenolic foam board market size will reach 4.27 billion yuan, a year-on-year increase of 7.9%. It is expected that by 2028, its market size will exceed 7.00 billion yuan.

Globally, the Asia-Pacific region dominates the global phenolic foam board market. At present, the main players in the phenolic foam board market include South Korea’s LG Huaos Company, Ireland’s Kingspan Group (Kingspan), Japan’s Sekisui Chemical Industry Co., Ltd. (SEKISUI), Japan’s Asahi Kasei Co., Ltd. (AsahiKasei), etc. Kingspan and Asahi Kasa have become global leaders in the phenolic foam board industry, accounting for nearly 50% of the global market share.

In the local market, my country’s phenolic foam board industry is developing rapidly and the market competition is fierce. Fujian Tianli High-tech Materials Co., Ltd., Guibao New Materials Co., Ltd., and Jinan Shengquan Group Co., Ltd. are the leading phenolic foam board companies in my country. Tianli High-tech Materials focuses on the research and development, production and sales of phenolic series products. The company’s phenolic foam boards have competitive advantages in the global market.

Industry analysts said that phenolic foam boards are widely used in the field of building materials. With the rapid development of downstream industries, the market size of phenolic foam boards will be further expanded. Benefiting from sufficient supply of raw materials, my country’s phenolic foam board production has maintained steady growth. In recent years, the development speed of my country’s phenolic foam board industry has continued to accelerate, and the number of production companies has continued to grow. With the continuous innovation of production technology, the quality of my country’s phenolic foam boards has continued to improve.