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.
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The United States Census Bureau has finished collecting data and released information showing Michigan as the 4th largest population loser in the country. It s the first time in a decade that Michigan showed year-over-year lose. Michigan lost 18,240 residents bringing the states population to just under 10 million.
This population decrease could effect federal funding and congressional seats as these are determined by population. According to the University of Michigan Population Studies Center, Michigan could lose a seat in the House of Representatives and an electoral college vote. Michigan s population peak occurred in 2004 but hasn t broken the 10 million mark since 2007. Michigan s current resident count stands at 9,966,555. Michigan remains the 10th most populous state in the country.