Medium Density Fiberboard Market Revenue, Opportunity, Segment & Key Trends To 2026
Global Medium Density Fiberboard Market size is anticipated to grow at a compound annual growth rate (CAGR) of 5% from 2020 to 2027 to reach an approximate value of USD 50 Billion by 2026. Fiberboard is an engineered wood material made by breaking down the hardwood or by softwood fibers combined by wax and resin binder and formed into panels by applying high pressure and temperature. MDF is fiberboard with density ranging from 600 kg/m³ to 800 kg/m³. It is denser than plywood and made up of separated fibers. However, it can be used for applications similar to plywood. MDF is lightweight and offers an excellent strength-to-weight ratio. Thus, it is a preferred choice of material for applications such as furniture, building materials, and interior decoration. MDF can also provide properties such as high-temperature resistance, fire resistance, and moisture resistance.
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Based on region, the global medium density fiberboard (MDF) market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific dominated the global MDF market on account of the increasing construction spending in emerging countries, including China and India, to meet rising residential housing. This is expected to be a major factor driving the demand for MDF panels in the construction industry over the forecast period.
The global medium density fiberboard (MDF) market has been segmented based on product, application, and end user. Based on product, the global market is divided into standard MDF, moisture-resistant MDF, and fire-resistant MDF. Growing product applications in the construction industry, as well as the furniture manufacturing sector, are projected to be the primary factors driving the standard MDF segment.
Based on application, the global medium density fiberboard (MDF) market is segmented into cabinet, flooring, furniture, molding, door & millwork, packaging system, and others. The furniture application segment is anticipated to grow significantly owing to factors such as the substitution of wood with the MDF panels and extensive use in the production residential and commercial furniture, ready-to-assemble (RTA) products. Based on end-user, the global medium density fiberboard (MDF) market has been divided into residential, commercial, and institutional. The residential end-user segment contributed significantly to the global market in 2019.
Scope of the Report
This report provides an in-depth analysis of the global medium density fiberboard (MDF) market, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights the market size and shares for North America, Europe, Asia-Pacific, South America, and the Middle East & Africa. The report also presents a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global medium density fiberboard (MDF) market by product, application, end user, and region.
Key industry participants in the global medium density fiberboard (MDF) market include Arauco (Chile), DAIKEN CORPORATION (Japan), Dare Panel Group Co. Ltd (China), Duratex SA (Brazil), EGGER Group (Austria), Eucatex SA (Brazil), Fantoni Spa (Italy), Masisa (Grupo Nueva Company) (Chile), Kastamonu Entegre (Turkey), Korosten MDF manufacture (Ukraine), Kronospan (Czech Republic), and Norbord Inc. (Canada).
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