Particle Board Market 2019 | Global Industry Overview, Sales Revenue, Demand and Forecast by 2024

According to the global particle board market report by IMARC Group, the market reached a value of US$ 19.3 Billion in 2018, growing at a CAGR of 6.1% during 2011-2018. Particleboard, also known as chipboard, is made from wood chips, sawmill shavings and sawdust, which are tightly compressed and bonded together with an adhesive. It is available in a variety of dimensions and used as a raw material in the manufacturing of finished goods, such as cabinets. As it is lightweight, high in density and has excellent sound-absorbing properties, it is used in both the commercial and residential sectors across the globe.

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Global Particle Board Market Trends:

Particleboard is affordable, easy to install, environment-friendly and offers remarkable sound-absorbing properties. As a result, it is widely used in recording studios and concert venues around the world. Besides this, as it can be easily painted and laminated, it is also employed in the manufacturing of household furniture, such as doors, bookcases and modular partition systems. Apart from this, it is one of the lightest fiberboards and is used for improving the overall aesthetic appeal of a building.

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Global Particle Board Market Segmentation:

Market Breakup by Region

Asia Pacific
North America
Europe
Latin America
Middle East and Africa

Market Breakup by Application

Residential
Commercial

Market Breakup by Sector

New Construction
Replacement

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Some of the major players operating in the industry include Norbord Inc (NYSE: OSB), Kastamonu, Roseburg, Boise Cascade, and Columbia

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