Major MDF market participants include Kastamonu Entegre, Nordbord Inc., Century Plyboards (India) Limited, Greenply Industries, Georgia-Pacific, Egger Group, Kronospan Limited, TRENOX Laminates, Evergreen Fiberboard Berhad and ARAUCO.
Selbyville, Del., May 30, 2023 (GLOBE NEWSWIRE) — The medium-density fiberboard market is projected to be valued at $88.5 billion by 2032, as reported in a research study conducted by Global Market Insights Inc..
Medium Density Fiberboard (MDF) is a versatile engineered wood product that is widely used in a variety of applications, including furniture manufacturing, construction, interior design, and packaging. It is manufactured by compressing wood fibers and resin at high temperature and pressure, resulting in a dense, uniform panel with excellent strength and durability. Factors such as the growing demand for sustainable and cost-effective building materials, the growth of the furniture industry, and the upward trend in interior design and renovation projects are driving the expansion of the medium-density fiberboard market.
The furniture sector is one of the main consumers of medium density fiberboard. MDF offers advantages such as stability, uniformity and ease of machining, making it the preferred material for manufacturing a wide range of furniture products, such as tables, chairs, cabinets and shelves. The growing demand for stylish and functional furniture in both the residential and commercial sectors is accelerating business expansion.
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The fire-resistant medium-density fiberboard market is anticipated to experience significant growth by 2032 due to the increasing emphasis on fire safety in various industries. Fire resistant MDF is designed with additives and technologies that enhance its fire resistant properties, making it suitable for applications where fire protection is critical. It finds wide use in interior building construction, particularly in areas that require compliance with fire safety regulations, such as commercial buildings, public spaces, and transportation vehicles. The growing awareness of fire hazards and the need to improve fire safety measures are increasing the demand for fire resistant MDF in the market.
The European medium-density fiberboard market is experiencing significant growth and is a key player in the global industry. The region’s strong construction and furniture sectors are the main drivers of MDF demand. Europe’s emphasis on sustainable building practices and indoor air quality standards have further fueled the adoption of MDF as a versatile and eco-friendly material. In addition, the region’s focus on innovative design and the production of high-quality furniture has increased the use of MDF in the manufacture of stylish and functional furniture. With a strong market presence and growing consumer demand, the European MDF market is poised for continued expansion.
Some of the major companies operating in the medium density fiberboard market include Kastamonu Entegre, Nordbord Inc., Century Plyboards (India) Limited, Greenply Industries, Georgia-Pacific, Egger Group, Kronospan Limited, TRENOX Laminates, Evergreen Fiberboard Berhad and ARAUCO.
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Partial chapters of the report index (TOC):
Chapter 2 Executive Summary
2.1 360° Overview of the Medium Density Fibreboard Industry, 2018 – 2032
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
2.1.4 Application trends
Chapter 3 Medium Density Fiberboard Industry Outlook
3.1 Industry segmentation
3.2 Impact of COVID-19 on the world economy
3.3 Industry Ecosystem Analysis
3.4 Regulatory landscape
3.5 Analysis of raw materials
3.6 Price analysis
3.7 Industry Impact Forces
3.7.1 Drivers of growth
3.7.2 Industry hazards and challenges
3.8 Innovation and sustainability
3.9 Analysis of growth potential, 2022
3.10 Porter’s analysis
3.11 PESTEL Analysis
3.12 COVID-19 Impact on the Medium Density Fibreboard Market by Application
3.13 Impact of the Russia-Ukraine war on the medium density fiberboard business
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