Phenolic Panel Market worth $2.4 billion by 2025 | Key Players include Kingspan Group, Wilsonart LLC, Asahi Kasei Corporation, Fiberesin Industries Inc., Broadview Holding B.V.

According to recent market research "Phenolic Panel Market by Type (Sandwich, Plain), Class, End-Use Industry (Construction, Marine, Transportation, Aerospace & Defense), Application (Interior, Exterior, Furniture, Air Conditioning Duct Panel), Class, and Region - Global Forecast to 2025", 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.

Browse 95 market data Tables and 41 Figures spread through 127 Pages and in-depth TOC on " Phenolic Panel Market - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/phenolic-panel-market-22703551.html

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.

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.

For more Details Speak to Our Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=22703551

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%.

Over the past years, companies have strengthened their position in the global phenolic panel market by adopting several business strategies. From 2016 to 2019, expansions, product launch, and acquisition were the key strategies adopted by the market players to maintain growth in the market. For instance, in June 2019, Bobrick Washroom Equipment, Inc. (US) expanded its existing manufacturing and distribution facility in Jackson, Tennessee (US), by an additional 40,000 square feet. This expansion of the company was prompted by significant growth in toilet partition business and is leading to the additional production capacity. The expansion has helped Bobrick Washroom Equipment, Inc. to further strengthen its business in the North America region.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=22703551

The major manufacturers profiled in the global phenolic panel market report include Wilsonart LLC (US), Broadview Holding B.V. (Netherlands), Fundermax GmbH (Austria), Bobrick Washroom Equipment, Inc. (US), Fiberesin Industries Inc. (US), Asahi Kasei Corporation (Japan), Kingspan Group (Ireland), general Partitions Mfg. Ltd. (US), Werzalit of America, Inc. (US), and others.

These companies have adopted various organic and inorganic growth strategies. For instance, in April 2017, Kingspan Group added two new products to its Kooltherm K100 range; the K112 Framing Board and K107 Pitched Roof Board. These insulation boards deliver low U-values with a minimal thickness. This would build Kingspan Group's position as a leading player in the phenolic panel market.

Contact:

Mr. Aashish Mehra
MarketsandMarkets(TM) INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: 1-888-600-6441
Email: newsletter@marketsandmarkets.com
Press Release: https://www.marketsandmarkets.com/PressReleases/phenolic-panel.asp
Research Insights: https://www.marketsandmarkets.com/ResearchInsight/phenolic-panel-market.asp

About MarketsandMarkets(TM)

MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets(TM) are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets(TM) now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, and strategic players) annually in high growth emerging segments. MarketsandMarkets(TM) is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forsecasts of niche markets.

This release was published on openPR.