Overview and Scope
MDF (Medium-Density Fiberboard) and chipboard are artificial materials from
wood fibers, chips, or particles bonded with resins and formed into sheets
under heat and pressure. These products are designed to provide a
cost-effective, versatile alternative to solid wood, offering consistent
quality and specific characteristics tailored for various applications in
construction, furniture manufacturing, and interior design.
Sizing and Forecast
The MDF and chipboard market size has grown strongly in recent years. It will
grow from $64.23 billion in 2023 to $69.03 billion in 2024 at a compound annual
growth rate (CAGR) of 7.5%. The growth
in the historic period can be attributed to the availability of application-specific
panels, demand for residential and non-residential structures, an increase in
demand for furniture in the furniture sector, population growth, and rising
urbanization.
The MDF and chipboard market size is expected to see strong growth in the next
few years. It will grow to $93.17 billion in 2028 at a compound annual growth
rate (CAGR) of 7.8%. The growth in the
forecast period can be attributed to rising product consumption in
construction, increasing residential development, a rise in global tourism, an
increasing number of single-family houses, and rising construction-related
activities. Major trends in the forecast period include technological
innovations, investments and partnerships, superior adhesion techniques with
low- emissions, and product innovations.
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Segmentation & Regional Insights
The MDF and chipboard market covered in this report is segmented –
1) By Product Type: Medium-Density Fibreboard, Chipboard, Edgeband
2) By Application: Cabinet, Flooring, Furniture , Molding, Door, And Millwork,
Packaging System, Other Applications
3) By End User Industry: Residential, Commercial, Institutional
Asia Pacific was the largest region in the MDF and chipboard market in 2023.
The regions covered in the mdf and chipboard market report are Asia-Pacific,
Western Europe, Eastern Europe, North America, South America, Middle East,
Africa.
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Major Driver Impacting Market Growth
The increase in construction-related activities is expected to propel the
growth of the MDF and chipboard market going forward. Construction activities
encompass the diverse tasks and processes involved in building structures, such
as buildings, infrastructure, and other forms. The increase in
construction-related activities can be attributed to boosting local economic
activity, developing critical infrastructure, meeting changing demand, and
structural changes and technological advancements. MDF and chipboard are used
in construction for their adaptability and cost-effectiveness, allowing for a
wide range of applications in both residential and commercial building
projects. For instance, in December 2021, according to the United States Census
Bureau, a US-based government agency, the value of construction activities
increased from $1,626.4 billion in 2021 to $1,792.9 billion in 2022, with a
growth rate of 10.2%. Therefore, the increase in construction-related activities
is driving the growth of the MDF and chipboard market.
Key Industry Players
Major companies operating in the MDF and chipboard market are Wanhua Ecoboard Co. Ltd., Georgia-Pacific
LLC, Egger Group, Kronospan LLC, Weyerhaeuser, Roseburg Forest Products, Sonae
Arauco, Swiss Krono Group, Dongwha Group, Yildiz Entegre, Pfleiderer, Eucatex
S.A., MASISA, Greenply Industries Ltd, Uniboard Canada Inc., Kastamonu Entegre,
Tafisa Canada Inc., Finsa, Arauco North America, Metro-Ply Group, CLEAF S.P.A.,
Duratex SA, Langboard Inc, Panel Plus Co. Ltd., Saviola Holding srl
The mdf and chipboard market report table of contents includes:
1. Executive Summary
2. MDF And
Chipboard Market Characteristics
3. MDF And
Chipboard Market Trends And Strategies
4. MDF And
Chipboard Market - Macro Economic Scenario
5. Global
MDF And Chipboard Market Size and Growth
.
32. Global
MDF And Chipboard Market Competitive Benchmarking
33. Global
MDF And Chipboard Market Competitive Dashboard
34. Key
Mergers And Acquisitions In The MDF And Chipboard Market
35. MDF And
Chipboard Market Future Outlook and Potential Analysis
36.
Appendix
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