Press release
Fiberboard Market: Medium Density Fiberboard to Generate Massive Revenues || Key Players: KRONOSPAN Verwaltungs, Kastamonu Entegre Agac Sanayi ve Ticaret A.S., UAB Grigeo Baltwood
The revenue growth of the fiberboard market is estimated to exceed over 6% during the forecast period of 2018-2028. Fiberboard is expected to witness growth due to rising preference over the other alternatives such as solid wood and cheap plywood used in many emerging countries. Its high resistance to change in heat and humidity levels and potential to remain crack or expansion and contraction proof during climate change, adding to its durability is one of the major reasons for which the emerging regions are opting for fiberboard.
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Market taxonomy of fiberboard market has been entailed by segregating it into segments such as board type, medium/ high density fiberboard, and others. Fiberboards are witnessing extensive use across application areas such as roofing, sound proofing, exterior sheathing, flooring, and others. This holistic research report traces progression of fiberboard market across regions of North America, Latin America, Europe, CIS & Russia, MEA, APEJ, and Japan. Along with market value and volume anticipations, the report also comprises of regional trends governing market of the respective region. Moreover, prime opportunities shining across various regions are also appended in order to give an idea of how the market is predicted to develop in the foreseeable future.
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The medium density fiberboard/ high density fiberboard (MDF/HDF) segment is foreseen to retain its leading position in the market. Gaining huge traction due to its superior performance in altering temperature and moisture gradients, MDF/HDF is being increasingly sought by building and construction companies. It is foreseen to manifest an impressive growth rate during the forecast timeline. For any company vying to capture a wider customer base, it is highly recommended to focus on developing product capacity of their respective MDF lines.
Fiberboard manufacturing companies are focusing on enhancing product capabilities and introducing new functionalities for new production activities. They are on a constant move to grab a global presence in lucrative regions such as the Middle East & Africa, and the Asia Pacific in the coming years. The increasing urbanization and improved lifestyles in these emerging countries are adding to the demand for fiberboard used for modern interiors and panels.
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