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Report Overview

The global phenolic boards market is expected to grow at a CAGR of 2.90% between 2026 and 2035. Major drivers of the market are growth in the construction industry and increase in demand for materials that are sustainable. 

2025

Base Year

2019-2025

Historical Period

2026-2035

Forecast Period

Compound Annual Growth Rate

2.9%

2026-2035


*this image is indicative*

Key Trends in the Market

Phenolic boards, also termed as phenolic panels, are boards made up of wooden sheets that are tough and stable with high density thermosetting cellulose fabrics. The surface of phenolic prevents cracking and splitting from attachments. Phenolic board is made durable by putting together several layers of paper, cotton, or glass fabric mix under heat and pressure thereby filling in synthetic raisin.

phenolic boards market

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  • Rapid increase in the population and urbanisation is promoting the construction process which is ultimately helping in the surge of the phenolic boards market globally.
  • Producers are adopting new methods of production including organic as well as inorganic growth techniques to fulfil the demands of the consumers and end-use industries.
  • Plywood is lower in cost when compared to phenolic boards due to which it is still preferred by many end-users. This reason may hold back the growth of the global phenolic boards market, and encourage suppliers to develop low-cost phenolic boards.

Market Segmentation

"Global Phenolic Boards Market Report and Forecast 2026-2035" offers a detailed analysis of the market based on the following segments:

Breakup by Thickness

  • Less than 40 mm
  • More than 40 mm

Breakup by Application

  • Interior
  • Exterior
  • Insulation Panels
  • Furniture
  • Others

Breakup by End Use

  • Residential
  • Commercial
  • Industrial

Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

phenolic boards market by segments

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Market Share by Application

Phenolic boards are commonly used in construction processes. Exterior uses of phenolic boards include balcony or shade creation to prevent sun while interiorly they are used to partition rooms or bathrooms and as a wall lining. Insulation panels are used for floors, roofs, and walls and phenolic boards also find application in building wooden objects. With these uses, the phenolic boards market is expected to grow efficiently.

Market Share by End Use

Be it industrial buildings or residential or commercial, all of them use phenolic boards in their construction process due to its stability and durability. Buildings are typically created to last for the long-term, hence require durable and tough materials in the construction process. This again contributes to the growth of the global phenolic boards market.

Competitive Landscape

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global phenolic boards market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans. 

Spigo Group

Spigo Group founded in 2006 has its headquarters in Spain and involves engineers, distributors, architects, wholesalers, and final consumers. It develops products that are mainly used for construction such as doors and phenolic carpentries.

Kingspan Group

Kingspan Group was established in 1966 with headquarters in Ireland. It is a global leader in developing building solutions with net-zero emissions to achieve a sustainable future.

Asahi Kasei Corporation

Asahi Kasei Corporation, founded in May 1922, aims to meet the needs of the people that keep changing with time and provide them with the best quality products required for daily use at a reasonable price. 

*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*

Other market players include LX Hausys, Ltd., SAVI CO., LTD, Changzhou Zhongtian Fireproof Decorative Sheets Co., Ltd., Yalong Wood Co., Ltd., Langfang Sanxing Chemical Industry Co., Ltd., UNILIN Insulation, and Fiberisin Industries, among others.

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market is expected to grow at a CAGR of 2.90% between 2026 and 2035.

Major market drivers are growth in the construction industry and increase in demand for materials that are sustainable.

The global market for phenolic boards is segmented into thickness, end use, application, and region.

The regional markets can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East, and Africa.

Key players in the global phenolic boards market are Spigo Group, Kingspan Group, Asahi Kasei Corporation, LX Hausys, Ltd., SAVI CO., LTD, Changzhou Zhongtian Fireproof Decorative Sheets Co., Ltd., Langfang Sanxing Chemical Industry Co., Ltd., Yalong Wood Co., Ltd., UNILIN Insulation, and Fiberisin Industries, among others.

Key trends of the market are increase in population and urbanisation, new growth techniques, and versatile use of phenolic boards.

On the basis of thickness, the market for phenolic boards can be bifurcated into less than 40 mm and more than 40 mm.

Phenolic boards, also termed as phenolic panels, are made up of wooden sheets that are tough and stable with high density thermosetting cellulose fabrics.

Phenolic board is made durable by putting together several layers of paper, cotton or glass fabric mix under heat and pressure thereby filling in synthetic raisin.

Phenolic boards are preferred over plywood because of their stability and durability. The surface of phenolic also prevents cracking and splitting from the attachment.

Report Summary

Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.

Key Highlights of the Report

Please note that the figures mentioned in the description serve as estimates and may vary from the actual figures presented in the final report.

REPORT FEATURES DETAILS
Base Year 2025
Historical Period 2019-2025
Forecast Period 2026-2035
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Thickness
  • Application
  • End Use
  • Region
Breakup by Thickness
  • Less than 40 mm
  • More than 40 mm
Breakup by Application
  • Interior
  • Exterior
  • Insulation Panels
  • Furniture
  • Others
Breakup by End Use
  • Residential
  • Commercial
  • Industrial
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Spigo Group
  • Kingspan Group
  • Asahi Kasei Corporation
  • LX Hausys, Ltd
  • SAVI CO., LTD
  • Changzhou Zhongtian Fireproof Decorative Sheets Co., Ltd.
  • Yalong Wood Co., Ltd. 
  • Langfang Sanxing Chemical Industry Co., Ltd.
  • UNILIN Insulation
  • Fiberesin Industries
  • Others

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