New York, NY -- (SBWire) -- 04/12/2021 --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.
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List of the Companies Profiled in Medium Density Fiberboard Market:
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.
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.
The COVID-19 impact:
COVID-19 outbreak has adverse effects on most of the businesses across the globe, including the medium density fiberboard market. Closed foundries and canceled events in the medium density fiberboard industry is not spared by the rising coronavirus infections from China. With international trade being canceled, the infectious disease also has a global impact. The lockdown in several regions has severely impacted the medium density fiberboard market around the world. Moreover, major players like Kronospan Limited sending its workers to quarantine (those who require) and working with reduced workforce strength will negatively impact the flourishing industry.
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, USD Billion; 2017-2027)
North America
U.S
Europe
U.K
France
Asia Pacific
China
India
Japan
MEA
Latin America
Brazil
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Table of contents
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
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increase in demand for MDF for furniture
4.2.2.2. Easy availability of raw materials
4.2.3. Market restraints analysis
4.2.3.1. Stringent government regulations
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter's Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
4.10. Covid-19 Impact Analysis
4.11. Global Recession Influence
Continued
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Medium Density Fiberboard Market Size, Share, Top Key Players, Growth, Trend and Forecast Till 2027
An increase in demand for MDF for furniture coupled with easy availability of raw materials is some of the main factors driving the industry growth.