Phenolic boards are rapidly gaining traction across the chemicals and materials industry all over the world. This is driving the global phenolic boards market.  The global phenolic boards market is predicted to reach a valuation of US$ 3.5 Billion in 2022. It is expected to grow at a CAGR of 3.63% reaching a value of US$ 5.0 Billion by 2032.

Phenolic boards or phenolic panels are produced by pressing phenolic resins with woven cellulose fabrics under extremely high pressure. These boards are used in the construction sector, in the manufacturing of furniture, and in other such processes of creation.

The market is registering substantial growth owing to its increasing usage in end-use industries. Beneficial properties of phenolic boards like fire resistance, water-proof, weed, and termite resistance are pushing the demand for the material across multiple industry vertices. Furthermore, growing urbanization paired with the rising population growth has led to an increase in building and construction activities.

Phenolic boards are in high demand in the construction sector. These boards are also utilized in the building of false ceilings, wall partitions, and insulating units. With increasing consumer spending on building and construction activities, phenolic boards are in high demand. All this contributes to the market expansion of phenolic boards across the world.

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Competitive Landscape 

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, and Fiberesin Industries, Inc., among others are some of the major players in the phenolic boards market that are profiled in the full version of the report.

More Insights into the Phenolic Boards Market Report

In its latest report, FMI offers an unbiased analysis of the global phenolic boards market, providing historical data from 2017 to 2021 and forecast statistics for the period 2022 to 2032.

To understand the global market prospect, growth, and scope, the market is segmented based on product type (Phenolic Boards Measuring ≤ 40 mm, Phenolic Boards Measuring >40 mm), application (building and construction, interior application (bathroom & toilet partitions, interior partitions, cubicles), exterior application (wall claddings), insulation panels, furniture, others (countertops, screens, truck beds)), end use (residential, commercial, industrial) and region.