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Construction industry growth is expected to drive innovation in phenolic panel manufacturing, propelling the market during the forecast period.

The global phenolic panel market is expected to grow from $3.09 billion in 2022 to $3.35 billion in 2023 at a compound annual growth rate (CAGR) of 8.3The phenolic panel market size is expected to grow to $4.51 billion in 2027 at a CAGR of 7.7%.

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Global Phenolic Panel Market Segments Include:

• By Type: Sandwich, Plain
• By Class: Class A, Class B, Other Classes
• By End-Use Industry: Construction, Marine, Transportation, Aerospace And Defense, Other End-Users
• By Application: Interior, Exterior, Furniture, Air Conditioning Duct Panel, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Europe is the largest region in the global phenolic panel market in 2021.

Major Market Players in the phenolic panel market include Asahi Kasei Corporation, ASI Group, Bobrick Washroom Equipment Inc., Broadview Holding BV, Fiberesin Industries Inc., Fundermax GmbH, General Partitions Manufacturing.

The phenolic panel market is expected to be driven by rapid urbanisation in developing and emerging economies in the coming years. Urbanisation is the process of concentrating people into small geographic areas, transforming the land for residential, commercial, industrial, and transportation uses. Phenolic panels significantly contribute to the creation of a durable and energy-saving envelope for buildings with an aesthetically pleasing design in residential, commercial, and industrial structures, as well as congested urban areas. According to the United Nations, which is in charge of international peace and security, friendly relations among nations, and international cooperation, India’s urban population is expected to grow from 483 million in 2020 to 543 million by 2025. Furthermore, China’s urban population is expected to reach 1.05 billion by 2035. Furthermore, rapid urbanisation in developing and emerging economies will drive the market for phenolic panels during the forecast period.

The Phenolic Panel Global Market Report 2023  provides a phenolic panel market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The phenolic panel market forecast analyzes phenolic panel market size, phenolic panel market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Phenolic panels are flat panels made under high pressure and temperature from thermosetting resins and wood fibres. The panels have an integrated, decorative surface with pigmented resins that provide scratch and water resistance, resulting in a relatively longer lifespan.

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