Phenolic Panel Market Rising at rate of 6.50% in the Forecast Period | Key Players: Kingspan Group, Wilsonart LLC, Asahi Kasei Corporation

The phenolic panel market will reach at an estimated value of USD 1.93 billion and grow at a rate of 6.50% for the forecast period of 2021 to 2028. The rising superior fire-resistant properties of the phenolic panel is a vital factor driving the growth of the phenolic panel market.

Phenolic panel is defined as an architectural product which has been gaining popularity with contractors and end clients due to their versatile usage. They are basically made of cellulose and resins fibers, creating a unique composite building material with distinct properties and advantages. Phenolic panels are extensively used in the construction industry with the rising demand for such products from the construction industry.

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Rising need for quality products in the construction industry is the vital factor escalating the market growth, also rising investment in infrastructure development, rising benefits of phenolic panels over plastic laminate panels, such as impenetrable core and factory lamination, they are stronger and a moisture-resistant substitute to plastic laminates, which in turn increases the demand for the product and rising demand for high performance, fire & moisture resistant and durable panels in many end-user industries are the major factors among others driving the phenolic panel market. Moreover, rising construction spending, rising research and development activities in the market and rising modernization in the machinery used will further create new opportunities for the phenolic panel market in the forecast period of 2021- 2028.

However, rising prices of phenolic panels and continuous decline in the economy due to COVID-19 are the major factors among others acting as restraints, while lack of awareness about phenolic panels among end users will further challenge the growth of phenolic panel market in the forecast period mentioned above.

Competitive Landscape and Phenolic Panel Market Share Analysis

Phenolic panel market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to phenolic panel market.

The major players covered in the phenolic panel market report are Kingspan Group, Wilsonart LLC, Asahi Kasei Corporation, Fiberesin Industries Inc, Broadview Holding B.V., FunderMax, Bobrick Washroom Equipment, Inc., Werzalit of America, ASI Group Ltd, General Partitions Mfg. Corp. and Trespa among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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This phenolic panel market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on phenolic panel market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Phenolic Panel Market Scope and Market Size

Phenolic panel market is segmented on the basis of type, class, applications and end-user industry.  The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.

Based on type, the phenolic panel market is segmented into sandwich and plain.
On the basis of class, the phenolic panel market is segmented into class A, class B and others.
Based on application, the phenolic panel market is segmented into interior, exterior, furniture, air conditioning duct panel and others.
The phenolic panel market is also segmented on the basis of end-user industry into construction, marine, transportation, aerospace and defense and others.

Phenolic Panel Market Country Level Analysis

Phenolic panel market is analysed and market size, volume information is provided by country, type, class, applications and end-user industry as referenced above.

The countries covered in the phenolic panel market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Asia-Pacific dominates the phenolic panel market due to increasing investment in infrastructure development, rising demand for high-performance, fire & moisture-resistant and durable panels in many end-user industries and rising construction spending and rising research and development activities in this region.

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Our report offers:

- Market share assessments for the regional and country-level segments.
- Market share analysis of the top industry players.
- Strategic recommendations for the new entrants.
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub segments and the regional markets.
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations).
- Strategic recommendations in key business segments based on the market estimations.
- Competitive landscaping mapping the key common trends.
- Company profiling with detailed strategies, financials, and recent developments.
- Supply chain trends mapping the latest technological advancements.

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