Phenolic Board Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2028
Phenolic Board Market: Overview
Phenolic boards have proliferated in use in wide range interior and exterior applications. The drive for application stems from the moisture-protection ability and sturdiness, among other things. The demand for use of high-density, thermosetting cellulose fibers in construction materials is a key trend in the expansion of the phenolic board market. Rising use of phenolic boards in various architecture applications in public buildings, sports facilities, and other commercial buildings is a key trend bolstering the expansion of the phenolic board market.
The strides in the phenolic board market has led to the proliferation of products of various size, coating materials used, colors, and dimensional stability. This helps to meet the wide cross-section of needs of end-user industries. Some of the popular applications are in making counter tops for over-mounted basins, bathroom cabins in public places, and benches in changing rooms.
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Phenolic Board Market: Competitive Analysis and Key Developments
The study offers critical assessment of various competitive forces shaping the intensity of competition in the phenolic board market. The assessment also takes a closer look at the recent developments that have influenced the entry barriers.
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Manufacturers are adopting new techniques to engineer phenolic resins for meeting the needs of end-use industries in the phenolic boards market. They are focusing in improving numerous performance metrics such as dimensional stability, resistance against attack of chemicals, and collision resistance. The drive for unveiling environmentally friendly materials has attracted the attention of well-entrenches as well as new entrants alike, thereby setting the pace for innovation in the phenolic board market.
Some of the top players in the phenolic board market are Linyi Longser Imp. & Exp. Co., Ltd., SPIGO Group, Asahi Kasei, Kingspan Insulation, Sekisui Chemical, Langfang Sanxing Chemical, and Mega Plywood Corp.
Phenolic Board Market: Key Trends
Products in the phenolic board market has attracted the attention of consumers in various end-use industries due to the fact that they offer large advantages of compact laminate panels. Over the past few years, various regions have been seeing the demand for phenolic board in interior decorations. Several features have driven their popularity such as being anti-impact, anti-static, anti-bacterial, and mildew proof. Rising use of compact laminates in decorative confetti is boosting the sales. The phenolic board market has been bolstered by variety of color choices in phenolic resin fiberboards.
The rising preference of phenolic boards in physical laboratories, chemical laboratories, and biochemical laboratories in developing regions in the phenolic boards market. In particular, phenolic boards have seen widespread use in research and communication room workbench.
The rapid pace of commercial constructions that have taken place in the past few years in developing economies of the world has also impacted the demand dynamic of the phenolic boards market.
Phenolic Board Market: Regional Analysis
The major chunk of opportunities in the phenolic board market is spread into North America, Europe, Asia Pacific, Latin America, and the Middle East. Of these, Asia Pacific has witnessed the rise in demand, underpinned to a large part of their use in indoor architectural applications. The region also has seen emerging economies contributing sizable shares to the global phenolic boards market. This is in part due to the considerably growing demand for such resins in constructing public facilities, supported by substantial spending by governments.
Developed regions such as North America are expected to play crucial role in the expansion of new avenues in the phenolic boards market due to the rise in research and development activities in resins and the use of additives in improving the performance.
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This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers’ or customers’ journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.