Automotive Sector Fuels Demand for Veneered Panels in the United Kingdom
The booming automotive industry is anticipated to increase sales of veneered panels due to their essential role in interior bodywork. This surge reflects a growing trend towards premium materials that enhance vehicle aesthetics and functionality. According to Future Market Insights (FMI), the United Kingdom veneered panel industry size is forecast to expand from USD 276.7 million in 2023 to USD 495.5 million by 2033. Total sales of veneered panels across the United Kingdom are projected to rise at 6.0% CAGR from 2023 to 2033. The rising usage of veneered panels across thriving construction, automotive, and furniture sectors is a prominent factor driving the United Kingdom market. Similarly, developing new and innovative veneered panel products will act as a catalyst to trigger sales in the United Kingdom market. Veneered panels with enhanced fire-resistant properties are becoming increasingly sought after in industries where fire safety is a priority, such as construction and inter