Refrigeration Insulation Materials Market Size, Share, Growth Statistics, Leading Players and Forecast

Phenolic panels are used in the interior, exterior, furniture, and various other applications of end-use industries, such as construction, marine, aerospace & defense, and transportation, to name a few. The main purpose of these phenolic panels is to offer fire-resistance and moisture-resistance properties. For instance, phenolic panels are used in the exterior cladding, partitions, cubicles, and other applications to prevent fire accidents. The global phenolic panel market size is projected to reach 2.4 billion by 2025, registering a growth of 6.5%.

Phenolic Panel Market Key Players

The major manufacturers profiled in the global phenolic panel market report include Wilsonart LLC (US), Broadview Holding B.V. (Netherlands), Fundermax GmbH (Austria), Bobrick Washroom Equipment, Inc. (US), Fiberesin Industries Inc. (US), Asahi Kasei Corporation (Japan), Kingspan Group (Ireland), general Partitions Mfg. Ltd. (US), Werzalit of America, Inc. (US), and others.

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Phenolic panels used in the hot bond process comprises the major share of the market in terms of value.

The hot bond segment dominated the market in terms of value in 2019. Adhesives used in the hot bond process offers a strong, long-lasting repair with minimal risk of tearing, snagging, and other wear to the belt. They are mostly polyurethane-based and have a high demand for rubber conveyor belt repairing in the mining & quarrying industry.

Interior is the largest application of phenolic panel

Amongst all applications, the interior is the largest application of phenolic panel. Phenolic panels are used extensively for aircraft interior, railway interior, decorative interior in construction, partitions, and cubicles in various end-use industries. Superior fire-resistance and chemical resistance offered by the phenolic panel is responsible for the high consumption in an interior application.

The construction end-use industry accounted for the largest share in the global phenolic panel market

Phenolic panels are used in various end-use industries, such as mining & quarrying, cement & aggregate, steel, and others. The construction industry dominated the global phenolic panel market. The phenolic panel has a large demand for interior applications in the construction industry owing to superior fire resistance characteristics of the phenolic panel, which helps in avoiding fire-related accidents.

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Europe is the largest phenolic panel market globally.

The phenolic panel market is segmented based on region into Europe, North America, APAC, MEA, and South America. Europe is the major consumer of phenolic panels owing to the high demand from the UK, Germany, and other European countries. The UK is the leading market in the region. Major applications of phenolic panels in the European market include building interior, aircraft interior, exterior cladding, furniture, and air conditioning duct panels, among others. The growth of the market is also attributed to the presence of established manufacturers and technological advancement related to the development of phenolic panel products.

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 17)
    1.1 OBJECTIVES OF THE STUDY
    1.2 MARKET DEFINITION
    1.3 MARKET SCOPE
           1.3.1 MARKET SEGMENTATION
           1.3.2 REGIONS COVERED
           1.3.3 YEARS CONSIDERED FOR THE STUDY
    1.4 CURRENCY
    1.5 UNIT CONSIDERED
    1.6 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 20)
    2.1 RESEARCH DATA
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Key industry insights
                    2.1.2.3 Breakdown of primary interviews
    2.2 MARKET SIZE ESTIMATION
           2.2.1 SUPPLY-SIDE ANALYSIS
           2.2.2 DEMAND-SIDE ANALYSIS
    2.3 DATA TRIANGULATION
    2.4 LIMITATIONS
    2.5 ASSUMPTIONS

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3 EXECUTIVE SUMMARY (Page No. - 28)

4 PREMIUM INSIGHTS (Page No. - 32)
    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 (Page No. - 35)
    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

Continued...