Phenolic Panel Market report provides high-quality qualitative and quantitative information including sales volume, market dynamics, growth rate, demand and supply, and other essential aspects. Additionally, the report examines historical and baseline economic conditions, industry trends, market participant financial performance, and key developments in the phenolic panel market, including inorganic and organic growth strategies.
The global Phenolic Panel Market size is expected 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 market is growing due to the increase in the demand for phenolic panels in the construction, transportation, and aerospace & defense industries.
Phenolic panels are used in the interior, exterior, furniture, and various other applications of end-use industries, such as construction, marine, aerospace & defense, and transportation, to name a few. The main purpose of these phenolic panels is to offer fire-resistance and moisture-resistance properties. For instance, phenolic panels are used in the exterior cladding, partitions, cubicles, and other applications to prevent fire accidents. The global phenolic panel market size was USD 1.7 billion in 2020 and is projected to reach 2.4 billion by 2025, registering a growth of 6.5%.
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Phenolic Panel Market Key Players
- Kingspan Group (Ireland)
- Wilsonart LLC(US)
- Asahi Kasei Corporation (Japan)
- Fiberesin Industries Inc. (US)
- Broadview Holding B.V. (Netherlands)
- Fundermax GmbH (Austria)
- Bobrick Washroom Equipment, Inc. (US)
- Werzalit of America, Inc. (US)
- ASI Group (US)
- General Partitions Mfg. Corp. (US).
Phenolic Panel Market Segmentation
- Class A
- Class B
- Air Conditioning Duct Panel
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By End-use Industry:
- Aerospace & Defense
- North America
- South America
Phenolic panels used in the hot bond process comprises the major share of the market in terms of value.
The hot bond segment dominated the market in terms of value in 2019. Adhesives used in the hot bond process offers a strong, long-lasting repair with minimal risk of tearing, snagging, and other wear to the belt. They are mostly polyurethane-based and have a high demand for rubber conveyor belt repairing in the mining & quarrying industry.
Interior is the largest application of phenolic panel
Amongst all applications, the interior is the largest application of phenolic panel. Phenolic panels are used extensively for aircraft interior, railway interior, decorative interior in construction, partitions, and cubicles in various end-use industries. Superior fire-resistance and chemical resistance offered by the phenolic panel is responsible for the high consumption in an interior application.
The construction end-use industry accounted for the largest share in the global phenolic panel market
Phenolic panels are used in various end-use industries, such as mining & quarrying, cement & aggregate, steel, and others. The construction industry dominated the global phenolic panel market. The phenolic panel has a large demand for interior applications in the construction industry owing to superior fire resistance characteristics of the phenolic panel, which helps in avoiding fire-related accidents.
Europe is the largest phenolic panel market globally.
The phenolic panel market is segmented based on region into Europe, North America, APAC, MEA, and South America. Europe is the major consumer of phenolic panels owing to the high demand from the UK, Germany, and other European countries. The UK is the leading market in the region. Major applications of phenolic panels in the European market include building interior, aircraft interior, exterior cladding, furniture, and air conditioning duct panels, among others. The growth of the market is also attributed to the presence of established manufacturers and technological advancement related to the development of phenolic panel products.
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Table of Contents:
- Executive Summary
- Scope/opportunities of the Phenolic Panel Market Report
- Research Methodology
- Phenolic Panel Market Landscape
- SWOT Analysis
- Market Sizing
- Phenolic Panel Market Segmentation
- Customer Landscape
- Regional Landscape
- Business Decision Framework
- Drivers And Challenges
- Phenolic Panel Market Key Trends
- Players Landscape
- Players Analysis
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