DUBLIN--(BUSINESS WIRE)--The "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" report has been added to ResearchAndMarkets.com's offering.
The global phenolic panel market size is projected 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.
In many industries such as construction, marine, transportation, aerospace & defense industries owing to high demand for phenolic panel for wainscoting, exterior cladding, lockers, restroom partitions, aircraft interiors, and other applications. Some of the key players in the global phenolic panel market are Kingspan Group, Wilsonart LLC, Asahi Kasei Corporation, Broadview Holding B.V., Fiberesin Industries, Inc., and Fundermax GmbH.
Construction is the fastest-growing end-use industry of phenolic panels in terms of value.
The construction end-use industry dominated the global phenolic panel market. Increased adoption of phenolic panels across elevator walls, room partitions, decorative interior & exterior, escalator claddings, wainscoting, and balcony cladding, among others, is fueling the growth of phenolic panels in the construction industry.
Interior application is the largest segment of the market in terms of value.
Interior is the major application of phenolic panel where these panels are used for various purposes ranging from restroom partitions to interior cladding. Phenolic panels are used for interior applications in multiple industries, including construction, marine, and transportation. Owing to superior fire resistance characteristics of phenolic panels, they are gaining acceptance across the globe for interior applications to avoid fire-related accidents.
Sandwich type is the fastest-growing application segment of phenolic panels in terms of value.
Sandwich type phenolic panel holds the majority of the market share owing to high demand from construction, transportation, marine, and aerospace & defense industries. Increasing implementation aluminum-based phenolic panel across various applications, including furniture, air conditioning duct panel, floor, partitions, etc. are responsible for the high growth of the sandwich segment.
Class A phenolic panel is the fastest-growing segment of the phenolic panel market in terms of value.
Class A dominated the phenolic panel market in the class segment. Class A phenolic panels are heavily used for interior, exterior, and other applications owing to their superior fire resistance characteristics. Owing to the lower Flame Spread Index (FSI), these panels are witnessing a high demand from the North America and European market.
North America is the fastest-growing phenolic panel market.
North America is projected to be the fastest-growing region in the phenolic panel industry during the forecast period. The US and Canada in the region are the two major markets that are growing at a significant pace in the region due to the presence of established construction, aerospace & defense, and marine industries. The growth in the phenolic panel market in this region is driven mainly by its use for fire safety.
Key Topics Covered
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
4.1 Attractive Opportunities in the Phenolic Panel Market
4.2 Phenolic Panel Market, by Application and Region, 2019
4.3 Phenolic Panel Market, by End-use Industry
4.4 Phenolic Panel Market, by Type
4.5 Phenolic Panel Market, by Form
4.6 Phenolic Panel Market, by Key Countries
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Superior Fire-Resistant Properties
5.2.1.2 Need for Quality Products in the Construction Industry
5.2.2 Restraints
5.2.2.1 High Pricing of Phenolic Panels
5.2.2.2 Declining Economy Due to COVID-19
5.2.3 Opportunities
5.2.3.1 Increasing Construction Spending
5.2.4 Challenges
5.2.4.1 Lack of Awareness About Phenolic Panels Among End-users
5.3 Porter's Five Forces Analysis
6 Phenolic Panel Market, by Class Type
6.1 Introduction
6.2 Class A
6.2.1 Class a Phenolic Panel Market Size, by Region
6.3 Class B
6.3.1 Class B Phenolic Panel Market Size, by Region
6.4 Others
6.4.1 Other Phenolic Panels Market Size, Region
7 Phenolic Panel Market, by Type
7.1 Introduction
7.2 Sandwich
7.2.1 Sandwich Type Phenolic Panel Market Size, by Region
7.2.2 Sandwich Phenolic Panel Market Size, by Sheet Material
7.3 Plain
7.3.1 Plain Phenolic Panel Market Size, by Region
8 Phenolic Panel Market, by End-Use Industry
8.1 Introduction
8.2 Construction
8.2.1 Phenolic Panel Market Size in Construction Industry, by Region
8.3 Marine
8.3.1 Phenolic Panel Market Size in Marine Industry, by Region
8.4 Transportation
8.4.1 Phenolic Panel Market Size in Transportation Industry, by Region
8.5 Aerospace & Defense
8.5.1 Phenolic Panel Market Size in Aerospace & Defense Industry, by Region
8.6 Others
8.6.1 Phenolic Panel Market Size in Other Industries, by Region
9 Phenolic Panel Market, by Application
9.1 Introduction
9.2 Interior
9.2.1 Phenolic Panel Market Size in Interior Application, by Region
9.3 Exterior
9.3.1 Phenolic Panel Market Size in Exterior Application, by Region
9.4 Furniture
9.4.1 Phenolic Panel Market Size in Furniture Application, by Region
9.5 Air Conditioning Duct Panel
9.5.1 Phenolic Panel Market Size in Air Conditioning Duct Panel Application, by Region
9.6 Others
9.6.1 Phenolic Panel Market Size in Other Applications, by Region
10 Regional Analysis
10.1 Introduction
10.2 North America
10.3 Europe
10.4 APAC
10.5 South America
10.6 MEA
11 Competitive Landscape
11.1 Introduction
11.2 Competitive Leadership Mapping
11.2.1 Visionary Leaders
11.2.2 Dynamic Differentiators
11.2.3 Innovators
11.2.4 Emerging Companies
11.3 Strength of Product Portfolio
11.4 Business Strategy Excellence
11.5 Market Ranking
11.6 Competitive Scenario
11.6.1 New Product Developments/Launches
11.6.2 Expansions
11.6.3 Acquisitions
12 Company Profiles
12.1 Kingspan Group
12.2 Broadview Holding B.V.
12.3 Fiberesin Industries Inc.
12.4 Wilsonart LLC
12.5 Asahi Kasei Corporation
12.6 Fundermax GmbH
12.7 ASI Group
12.8 General Partitions Mfg. Corp.
12.9 Werzalit of America Inc.
12.10 Bobrick Washroom Equipment, Inc.
12.11 Other Companies
12.11.1 Spigo Group
12.11.2 Guangdong Yuhua Building Materials Co. Ltd. (Jialifu)
12.11.3 Xtratherm Limited
12.11.4 Milwaukee Composites Incorporated
12.11.5 Pearl Industries LLC
12.11.6 STO S.A.S.
12.11.7 Artboard AB
12.11.8 American Architectural Millwork
12.11.9 Smyth Composites Limited
12.11.10 Alpha Ducts LLC
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