The global Medium Density Fiberboard Market is forecast to reach USD 97.94 billion by 2027, according to a new report by Reports and Data. MDF is lightweight that offers an excellent strength-to-weight ratio. Thus, it is an optimal choice of material for applications such as building materials, interior decoration, and furniture. MDF can also provide properties such as fire resistance, moisture resistance, and high-temperature resistance.
Increasing demand for MDF in furniture and building materials are factors driving the Medium Density Fiberboard industry. This is propelling the companies to increase the production of these boards. Moreover, the easy availability of raw materials is projected to boost the demand for MDF in the near future. The global MDF market is experiencing technological advancements. Companies are constantly striving to develop better and new ways to manufacture these fiberboards. The development of new production processes of MDF and applications is projected to propel the industry. However, the substitution from high-density fiberboards is anticipated to hinder the industry.
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The report further studies the significant trends and demands of the market in each key region of the market and analyzes the strategic steps and initiatives taken by the leading companies of the industry. Some of the major companies operating in the Medium Density Fiberboard market and profiled in the report are:
Dongwha Malaysia Holdings Sdn. Bhd., Kronospan Limited, Dare Panel Group Co., Ltd, EGGER Group, Norbord Inc., Georgia-Pacific, Kastamonu Entegre, ARAUCO, West Fraser Timber Co. Ltd, and Nag Hamady Fiber Board Co., among others.
Further key findings from the report suggest
- MDF is considered more stable than solid wood due to its superior grade. MDF has better resistivity towards changes in humidity & heat and is hence preferred for cabinetry, flooring, and furniture.
- Among the regional segment of the medium density fiberboard industry, Asia Pacific is leading the market, and it will continue to dominate with an estimate to register a decent growth rate of 6.5% over the forecasted period.
- In Europe, Germany, which leads the construction industry in the region, is embarking on a new era of the high standard of living.
- The United States, India, and China are expected to dominate the construction industry over the forecasted period.
- Among the Product segment of the medium density fiberboard industry, Standard MDF is leading the market with 71.7% of the global market share, and it will continue to dominate with an estimate to register the highest growth rate of 6.5% over the forecasted period.
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For the purpose of this report, Reports and Data have segmented into the medium density fiberboard market on the basis of product, type, application, and region:
Product Outlook (Revenue, USD Billion; 2017-2027)
- Standard MDF
- Moisture Resistant MDF
- Fire Resistant MDF
Type Outlook (Revenue, USD Billion; 2017-2027)
- E0 MDF
- E1 MDF
- E2 MDF
Application Outlook (Revenue, USD Billion; 2017-2027)
- Furniture
- Construction
- Interior Decoration
Regional Outlook (Revenue in USD Billion; 2017–2027)
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Highlights of the TOC:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Medium Density Fiberboard Market Segmentation & Impact Analysis
4.1. Medium Density Fiberboard Market Material Segmentation Analysis
4.2. Industrial Outlook
Continue….
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The report is a qualitative and quantitative research study that offers key insights into the latest strategic steps and tactics undertaken by the industry players to gain a robust footing in the market. The report further offers strategic recommendations to the new and emerging players and established companies to help them overcome the barriers of the industry. The report also covers a comprehensive SWOT analysis and Porter’s Five Forces analysis to offer a better understanding of the Medium Density Fiberboard market and its competitive landscape.
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