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ResearchAndMarkets.com s offering. The phenolic panel market is estimated to grow at a CAGR of 5.59% to reach US$2.026 billion in 2025 from US$1.462 billion in 2019.
Phenolic panels have been gaining popularity as a choice of material in the last couple of years on account of its ability to offer enhanced aesthetic appeal. Moreover, the panels are designed in a way which ensures that the surface does not offer necessary condition for the microbial growth.
Furthermore, panels based on phenolic material are significantly superior in terms of its resistance to scratch, water etc., thus, offering relatively better durability. As such, the market demand for phenolic has been witnessing an upwards trajectory in the last couple of years, with the growth projection anticipated to be extremely attractive as well.
Global Phenolic Panel Market Report 2020-2025 - Rising Investment in Infrastructure Development
ResearchAndMarkets.com s offering. The phenolic panel market is estimated to grow at a CAGR of 5.59% to reach US$2.026 billion in 2025 from US$1.462 billion in 2019.
Phenolic panels have been gaining popularity as a choice of material in the last couple of years on account of its ability to offer enhanced aesthetic appeal. Moreover, the panels are designed in a way which ensures that the surface does not offer necessary condition for the microbial growth.
Furthermore, panels based on phenolic material are significantly superior in terms of its resistance to scratch, water etc., thus, offering relatively better durability. As such, the market demand for phenolic has been witnessing an upwards trajectory in the last couple of years, with the growth projection anticipated to be extremely attractive as well.