Phenolic Boards Market Report and Forecast 2025-2034

The global phenolic boards market is expected to grow at a CAGR of 2.90% between 2025 and 2034. Major drivers of the market are growth in the construction industry and increase in demand for materials that are sustainable.

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.

• 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 2025-2034 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

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 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.

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.