Phenolic Board Market Size, Share, Demand & Growth by 2034

 The global phenolic boards market was worth US$ 3.5 Billion in the year 2022 and is expected to reach US$ 5 Billion by the year 2032 at a CAGR of 3.63% between 2022 and 2032.

Phenolic panels/compact phenolic panels (better known as phenolic boards) could be referred to as plates comprising a core made up of resin and thermosetting, high-density cellulose fibers. Different materials of several furnishes are used over the compact core. They are inclusive of wood panels, laminates, and likewise. The exclusive coating does give phenolic panels exclusive protection against moisture. They are generally used for manufacturing furniture and various other wooden objects to be used in toilets, bathrooms, and changing rooms.

Cabins could be made from phenolic panels for showers, toilets, and likewise. Lockers could be made from phenolic panels for public areas and changing rooms. Countertops could be made from phenolic boards to serve overmounted basins. Benches in changing rooms could be made from phenolic panels. Screens could be made from phenolic panels for the offices (used as room dividers or for isolating work areas). Façade cladding could be done by making use of phenolic boards.

Besides, aspects like an appropriate reaction to fire could contribute toward higher sales of phenolic boards. Carpinteria Paco (a division of Spigo Group manufacturing, supplying, and installing woodworking and furniture) makes phenolic panels.

Phenolic boards have made a beeline for exterior and interior applications like sports facilities, public buildings, and various other commercial buildings.

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The manufacturers are incorporating novel techniques for engineering phenolic resins to meet the requirements of end-use industries. They are actually emphasizing on improvement in several performance metrics like resistance against attack of chemicals, dimensional stability, and resistance against collision. With environmentally-friendly materials being asked for, the global phenolic boards market is likely to grow on an innovative note going forward.

Phenolic boards do offer bigger benefits in the form of compact laminate panels. The factors driving their popularity include their properties of being anti-static, anti-impact, anti-bacterial, and mildew-proof. Decorative confetti couldn’t be imagined without compact laminates these days. Phenolic boards are also preferred in chemical laboratories, physical laboratories, and biochemical laboratories.

At the same time, preference to plywood by certain end-users due to cost-effectiveness could hamper the phenolic boards market going forward.

Future Market Insights has entailed these facts with future perspectives in its latest market study entitled ‘Phenolic Boards Market’ with its team of analysts and consultants going for 360-degree view in its primary, secondary, and tertiary modes of research.

Key Takeaways from Phenolic Boards Market

• North America holds the largest market share due to extensive research being conducted regarding phenolic boards coupled with the growing utilization of additives.
• Europe holds the second-largest market share on similar grounds.
• The Asia-Pacific is expected to witness growth at a rapid pace due to increasing applications in indoor architecture.

Competitive Boards

• Spigo Group has its engineers, architects, distributors, wholesalers, and final consumers to develop products used for the construction of phenolic carpentries and doors.
• Kingspan Group is known for developing construction solutions with net-zero emissions for achieving a sustainable future.
• Asahi Kasei Corporation provides daily-use products at reasonable prices.

About the Chemicals and Materials Division at Future Market Insights (FMI)

The chemicals and materials division of Future Market Insights (FMI) offers a distinct and pinpoint analysis of the chemicals and materials industry. This exhaustive coverage extends from commodity, bulk, specialty, and petrochemicals to advanced materials, composites, and nanotechnology in particular, with special emphasis on ‘green alternatives, recycling and renewable technology developments, and supply-demand-trade assessment. Our research studies serve as referencing market guidelines for chemical manufacturers, research institutions, channel partners, and government bodies for developing — ‘The Way Forward’.

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