Phenolic Panel Market Size, Growth Share, Trends, Industry Forecast To 2033

The Business Research Company has updated its global market reports with latest data for 2024 and projections up to 2033.

The Phenolic Panel Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Phenolic Panel Global Market Report 2024, The phenolic panel market size has grown strongly in recent years. It will grow from $3.36 billion in 2023 to $3.64 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%.  The  growth in the historic period can be attributed to increased use in architectural applications, rising awareness of fire safety, sustainability and environmental concerns, expansion of commercial spaces, use in educational and healthcare facilities.The phenolic panel market size is expected to see strong growth in the next few years. It will grow to $5.02 billion in 2028 at a compound annual growth rate (CAGR) of 8.3%.

The growth in the construction industry is expected to drive the phenolic panel market forward. The construction industry, which encompasses activities related to building, repairing, renovating, and maintaining infrastructure, is a key driver for the phenolic panel market. Phenolic panels, known for their flexibility and versatility, are increasingly replacing traditional materials like steel and wood in construction projects. These panels offer several advantages, including a longer lifespan compared to other materials like wood.For example, in September 2021, a report by Oxford Economics, a UK-based economic information services company, projected a significant increase in global construction output by 2030. The forecast indicated a growth of 42%, equivalent to $4.5 trillion, reaching a total of USD 15.2 trillion. This substantial growth in the construction sector contributes to the rising demand for materials such as phenolic panels. Therefore, the growth in the construction industry is a driving force behind the expansion of the phenolic panel market.

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The phenolic panel market covered in this report is segmented –
1) By Type: Sandwich, Plain
2) By Class: Class A, Class B, Other Classes
3) By Application: Interior, Exterior, Furniture, Air Conditioning Duct Panel, Other Applications
4) By End-Use Industry: Construction, Marine, Transportation, Aerospace And Defense, Other End-Users

Top Major Players

Asahi Kasei Corporation,

ASI Group,

Bobrick Washroom Equipment Inc.,

Broadview Holding BV,

Fiberesin Industries Inc.                                            

The phenolic panel market report table of contents includes:
           1. Executive Summary

2. Phenolic Panel Market Characteristics
3. Phenolic Panel Market Trends And Strategies
4. Phenolic Panel Market – Macro Economic Scenario
5. Global Phenolic Panel Market Size and Growth
6. Phenolic Panel Market Segmentation
7. Phenolic Panel Market Regional And Country Analysis

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33. Key Mergers And Acquisitions In The Phenolic Panel Market
34. Phenolic Panel Market Future Outlook and Potential Analysis
35. Appendix

List Of Tables :

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global Phenolic Panel  Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global Phenolic Panel  Market, Segmentation By Class, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global Phenolic Panel  Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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Table 75: Asahi Kasei Corporation Financial Performance

Table 76: ASI Group Financial Performance

Table 77: Bobrick Washroom Equipment Inc. Financial Performance

Table 78: Broadview Holding BV Financial Performance

Table 79: Fiberesin Industries Inc Financial Performance

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