Global Medium Density Fiberboard Market Overview:
“The global medium Density FiberboardMarket size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
The medium-density fiberboard (MDF) is produced by breaking down softwood and hardwood residuals into wood fibers. This is mainly combined with the help of defibrator and then wood fibers are combined with resin binder & wax, and with the help of high pressure and temperature panels are formed. In comparison, with plywood the medium density fiberboard is denser. MDF is increasingly being used in the construction activities.
Rapid industrialization in developed and developed countries and growing construction and reconstruction actives across the globe is resulting in the growing demand for medium-density fiberboard. These are major factor expected to drive the growth of the global medium density fiberboard market.
In addition, increasing the application of medium-density fiberboard in the manufacturing of furniture, doors, and window panels is another factor expected to boost the growth of the global market to a certain extent.
Moreover, increasing demand for medium density fiberboard in a wide variety of applications, owing to various properties such as excellent stability and strength, high-temperature resistance, fire resistance, and moisture resistance, is another factor expected to support the growth of the global medium density fiberboard market to a certain extent.
However, stringent government regulation related to use of medium density fiberboard is a major factor expected to limit growth of the global medium density fiberboard market to certain extent.
Increasing investment by major players for technological advancements and R&D activities and growing production of eco-friendly MDF products are expected to create potential revenue opportunities for players operating in target market over the forecast period.
On the basis of type, the medium density fiberboard market is categorized into moisture resistant, standard, and fire resistant. The standard segment is expected to register significant growth, owing to increasing demand for standard type is anticipated in the Asia Pacific region, especially in emerging economies such as China and India. Based on application, the medium density fiberboard market is divided into building materials, furniture, interior decoration, and others.
North America is expected to dominate in the global medium density fiberboard market in terms of revenue and is expected to continue its dominance over the forecast period. The dominance can be attributed to increasing demands construction sector and presence of prominent players operating in the countries in this region. The market in Asia Pacific is expected to witness faster growth, owing to increasing consumer’s disposable income, coupled with expanding housing renovation industry, and presence of major manufacturers operating in emerging economies in this region.
The Market in Latin America is expected to witness moderate growth, owing to low cost labor, easy availability of raw material, and increasing presence of major manufacturer in the developing countries such as Brazil and Argentina in this region. The market in Europe is expected to contribute significant revenue share in the global market.
Global Medium Density Fiberboard Market Segmentation:
- Moisture Resistant
- Fire Resistant
By End Use:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Kronospan Ltd.
- Greenply Industries Limited
- Korosten MDF Manufacture
- Roseburg Forest Products Company, Inc.
- Fritz Egger GmbH
- Finsa BV
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