Phenolic Panel Market : size was valued at US$ 9.12 Bn in 2021 and the total revenue is expected to grow at 11.6 % through 2022 to 2029, reaching nearly US$ 21.96 Bn.
Phenolic Panel Market Overview:
The competitive landscape of the Phenolic Panel market includes information about competitors. Among the areas covered are a firm overview, financials, revenue generated, market potential, RD investment, new market efforts, geographical presence, business strengths and weaknesses, product introduction, and application dominance. The information that follows is only relevant to the organization's concentration on the Phenolic Panel market.
Market Scope:
Top-down and bottom-up approaches are used to validate the market size and estimate the market size by different segments. The market estimations in the research are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). Weights based on usage rate and average sale price are applied to each area to generate percentage splits, market shares, and segment breakdowns. The country-wise divisions of the overall market and its sub-segments are determined by the percentage adoption or usage of the specified market Size in the relevant area or nation.
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Segmentation:
by Type
• Sandwich
• Plain
By Type, the phenolic panel market is bifurcated into sandwich, plain. The sandwich-type segment held the largest share of the phenolic panel market in 2021 thanks to high demand from construction, transportation, marine, and aerospace defense industries. Increasing applications of aluminum-based phenolic panels in furniture, air conditioning duct panel, floor, partitions, etc. These factors are responsible for the sandwich segment growth.
by End Use Industry
• Construction
• Marine
• Transportation
• Aerospace Defense
By End-Use Industry, the market is bifurcated into construction, marine, transportation, aerospace defense. The construction industry accounted for the major share of global phenolic panel market thanks to high demand from commercial and residential projects because of growing concerns towards fire safety. Increased adoption of phenolic panels across elevator walls, decorative interior exterior, escalator claddings, and balcony cladding, among others, are enhancing the phenolic panel market growth in the construction industry.
by Application
• Interior
• Exterior
• Furniture
• Air Conditioning Duct Panel
Key Players:
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Phenolic Panel Market Key Players are:
• Kingspan Group
• Accurate Plastics, Inc.
• Wilsonart LLC
• Werzalit of America, Inc.
• Asahi Kasei Corporation
• Fiberesin Industries Inc.
• Broadview Holding B.V.
• Fundermax GmbH
• Bobrick Washroom Equipment, Inc.
• ASI American Specialties, Inc.
• General Partitions Mfg. Corp.
• Trespa North America Ltd.
• Others
Primary and secondary research are used to identify market leaders, and primary and secondary research are used to calculate market revenue. In-depth interviews with important thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives were conducted as part of the primary study. Primary research comprised in-depth interviews with key thought leaders and industry professionals such as experienced front-line staff, CEOs, and marketing executives, while secondary research included a review of the main manufacturers' annual and financial reports. Secondary data is used to determine percentage splits, market shares, growth rates, and worldwide market breakdowns, which are then cross-checked with primary data.
The following are the key players of the Phenolic Panel market-
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Regional Analysis:
Individual market influencing components and changes in market rules that impact present and future market trends are also explored in the research's geographical component. Downstream and upstream value chain analysis, technology trends, Porter's five forces analysis, and case studies are some of the elements utilized to anticipate market scenarios for various nations.
COVID-19 Impact Analysis on Phenolic Panel Market: In addition, the paper evaluates the influence of COVID-19 on the Phenolic Panel market. The primary goal of this research is to assist users in understanding the market in terms of definition, segmentation, market potential, important trends, and challenges that the industry faces across major regions. The study presents a microeconomic and macroeconomic analysis of COVID-19's overall impact on the Phenolic Panel Market. The analysis focuses on market share and size, clearly illustrating the impact of the pandemic on the global Phenolic Panel Market in the next years.
Key Questions Answered in the Phenolic Panel Market Report are:
- What will be the Phenolic Panel market's CAGR throughout the projected period (2021-2027)?
- Which market category emerged as the market leader in the Phenolic Panel industry?
- Who are the key players in the Phenolic Panel market?
- What important trends in the Phenolic Panel industry are anticipated to develop throughout the forecast period?
- How big will the Phenolic Panel market be in 2027?
- In 2020, which business segment had the highest proportion of the Phenolic Panel market?
