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

By Region:

• North America
• Europe
• APAC
• MEA
• South America

Europe is the largest phenolic panel market globally.

The phenolic panel market in Europe has been experiencing steady growth in recent years. Phenolic panels, also known as phenolic resin panels, are a type of building material made from a thermosetting resin that is reinforced with cellulose fiber. They are widely used in construction for their durability, fire resistance, and thermal insulation properties.

One of the key drivers of the phenolic panel market in Europe is the increasing demand for sustainable and energy-efficient building materials. Phenolic panels are considered a green building material, as they are made from renewable resources and have a low carbon footprint. Additionally, the energy-saving properties of phenolic panels make them an attractive option for builders looking to meet energy efficiency regulations. 

The construction industry in Europe is also experiencing growth, which is driving demand for phenolic panels. The European Union's Green Deal initiative, which aims to make the EU carbon-neutral by 2050, is expected to drive further growth in the construction industry, as well as demand for green building materials such as phenolic panels.

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By Type:

• Sandwich
• Plain

By Class:

• Class A
• Class B
• Others

By Application:

• Interior
• Exterior
• Furniture
• Air Conditioning Duct Panel
• Others

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. 

By End-use Industry:

• Construction
• Marine
• Transportation
• Aerospace & Defense
• Others

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.

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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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