The Global Phenolic Board Market is estimated to exhibit a CAGR of 2.80% during the forecast period of 2021-2028. The rapidly increasing spending in building interiors such as wall partitions, false ceilings and insulating units will further offer a variety of growth opportunities for the phenolic board. However, the high cost of phenolic board when compared to traditional plywood may act as key restraints towards phenolic board market growth rate, also the easy availability of product alternate have the potential to challenge the growth of the target market.
Global Phenolic Board Market Scenario
According to Data Bridge Market Research, the phenolic board market will exhibit a significant rise in its market value. The jump back in residential buildings is expected to fuel the growth of the construction industry, which is projected to positively influence the phenolic board market growth rate. Also the increasing population growth along with rapid urbanization rate in emerging regions has catalysed the building and construction activities across the world which is also acting as a key determinant favouring the growth of the market. The major factor accountable for the growth of the market is the various manufacturers are adopting new techniques to persuade phenolic resins to meet the needs of end-use industries, which is highly impacting the growth of the target market. Beside this, the numerous grades of phenolic board with beneficial properties such waterproof, fire resistant, termite and weed resistant is also flourishing the growth of the phenolic board market.
Currently, Asia-Pacific dominates the global phenolic board market in terms of market share and market revenue owing to the increasing population and rising urbanization which has resulted into the increase in the number of building and construction activities in this region.
Now the question is which are the other regions that the global phenolic board market is targeting? Data Bridge Market Research has estimated a large growth in North America owing to the increase in research and development activities in resins and the growing use of additives in improving the performance in this particular region.
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Scope of the Phenolic Board Market
The global phenolic board market is segmented on the basis of countries into U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
- The global phenolic board market is further segmented on the basis of thickness into ≤40 mm and >40 mm. On the basis of application, the phenolic board market is segmented into interior, building and construction, insulation panel, exterior, furniture and others. The end use segment for phenolic board market is segmented into residential, commercial and industrial.
- Phenolic board is a stiff plastic form of plywood composed of the phenolic resin and other additives. It possesses great chemical resistance and durability properties.
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Key Pointers Covered in the Phenolic Board Market Industry Trends and Forecast to 2028
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Regulatory Framework and Changes
- Prices and Reimbursement Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
Key Market Competitors Covered in the Phenolic Board Market report
- Spigo Group
- Guangdong Yuhua Building Materials Co., Ltd.
- Linyi Jiate Import & Export Co., Ltd.
- Phenolam India Pvt. Ltd.
- UNILIN
- Kingspan Group
- SEKISUI CHEMICAL CO., LTD.
- Asahi Kasei Corporation
- Unitech Enterprise Private Limited
- LINYI CONSMOS WOOD INDUSTRY CO., LTD.
- Changzhou Zhongtian Fireproof Decorative Sheets Co., Ltd.
- Shallin Electronics Co., Ltd.
- Linyi Yachen Wood Co., Ltd.
- Shandong Green Plastic Co., Ltd.
- Stonewood Architectural Panel
- Shouguang Fuji Wood Industry Co., Ltd.
- Sourci
- OKCHEM
- LG HAUSYS
- Fiberesin Industries, Inc.
Above are the key players covered in the report, to know about more and exhaustive list of phenolic board market companies’ contact us https://www.databridgemarketresearch.com/toc/?dbmr=global-phenolic-board-market
Research Methodology: Global Phenolic Board Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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