Phenolic Panels: Research, Size, Share, and Expert Perspective

The phenolic panel market is experiencing significant growth driven by the demand for durable and sustainable construction materials. These compact laminates find applications in architecture, transportation, and furniture manufacturing. This article provides an overview of the phenolic panel market, focusing on trends, growth factors, and future prospects. Phenolic panels are composite materials made by compressing cellulose fibers with phenolic resin. They offer excellent mechanical properties, chemical resistance, and fire retardancy, making them popular in the construction industry. The global phenolic panel market size was USD 1.7 billion in 2020 and is projected to reach 2.4 billion by 2025, registering a growth of 6.5%.