ID: MRFR/CO/8648-HCR | February 2021 | Region: Global | 120 pages
Medium Density Fiberboard Market size is anticipated to exhibit a 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 softwood fibers. 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 preferred in applications such as furniture, building materials, and interior decoration. MDF can also provide properties such as high-temperature resistance, fire resistance, and moisture resistance.
Consistent economic growth coupled with low-interest rates has led to an increase in building project approvals across the globe. The expansion of office infrastructure by companies to compete in the global market is driving the demand for furniture and interior design materials thereby, having a positive impact on the product demand. Increase in demand for MDF for furniture coupled with the extensive use of these boards in building materials are factors driving the MDF market.
Global Medium Density Fiberboard (MDF) Market has been segmented based on the product, application, and end-user. Based on the 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 the 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 medium density fiberboard panels and extensive use in the production of residential and commercial furniture, ready-to-assemble (RTA) products.
Based on End Users, the global market has been divided into residential, commercial, and institutional. The residential end-user segment contributed significantly to the global market in 2019.
Global Medium Density Fiberboard Market size is anticipated to register a CAGR of 5% from 2020 to 2027 to reach an approximate value of USD 50 Billion by 2026.
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).
The global medium density fiberboard (MDF) market is expected to witness high growth during the forecast period owing to rising product application in the furniture and construction applications and technical innovations and improvements in the production. This is likely to drive the demand for medium density fiberboard (MDF) solutions during the forecast period.
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 MDF market on account of the increasing construction spending in the emerging countries, including China and India, to meet the rising demand for residential housing. This is expected to be a major factor driving the demand for MDF panels in the construction industry over the forecast period.
|Market Size||USD 50 Billion (2026)|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||By Product, By Application, By End-user|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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).|
|Key Market Opportunities||
|Key Market Drivers||Building materials, interiors, and furniture|
Frequently Asked Questions (FAQ) :
global medium density fiberboards market valuation can reach USD 50 billion by 2026.
The global medium density fiberboards market is set to expand at 5% from 2020 to 2027.
Applications of MDF in building materials, interiors, and furniture is the major driver of the MDF market.
The residential segment can command a huge share of the MDF market owing to its application in wood paneling and kitchen cabinets.
EGGER Group, Norbord Inc., Dare Panel Group Co. Ltd, Kastamonu Entegre, Kronospan, DAIKEN CORPORATION, Duratex SA, Fantoni Spa, Eucatex SA, Korosten MDF manufacture, Masisa, and Arauco are key players of the global MDF market.