The Global Medium Density Fiberboard (MDF) Market to Amount to 126928.37 Million Cubic Meters by 2028

According to Triton's report, the global medium density fiberboard (MDF) market, which was estimated to be worth 90384.87 million cubic meters in 2019, is projected to witness progress at 3.84% of CAGR by 2028.

A recent study by Triton Market Research titled ‘Global Medium Density Fiberboard (MDF) Market’ comprise the Global Analysis and Forecasts by Product (Fire-Resistant MDF; Standard MDF; Moisture-Resistant MDF), End-user (Commercial; Residential; Institutional), Application (Cabinet; Furniture; Molding, Door, and Millwork; Packaging System; Flooring; Other Applications), and by Geography (Europe, Asia-Pacific, North America, Latin America, Middle East and Africa).

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Triton’s report predicts the global medium density fiberboard (MDF) market to surge at 3.84% of CAGR during the projected phase of 2019-2028. It is further anticipated to account for 126928.37 million cubic meters by 2028.

Medium density fiberboard (MDF) encompass fiber moisture content less than 20% at the developing stage. Moreover, such fiberboards are primarily manufactured under heat and pressure, with the added use of synthetic adhesive.

The rising demand for medium density fiberboard in furniture and simple access to raw material, are aspects that are influencing the progress of the MDF market worldwide. The need for readymade, branded, and low maintenance furniture is surging daily, increasing the demand for medium density fiberboard in furniture. Moreover, MDF’s homogeneous density allows the manufacturers to accomplish detailed finishing techniques for high-quality furniture. Therefore, the need for MDF in furniture application simultaneously propels the medium density fiberboard market on a growth path.

However, emissions from building material, such as medium density fiberboards, are contributing significantly to the indoor VOCs. Thus, strict government regulation towards such emissions are factors negatively impacting the expansion of the MDF market.

The MDF market is segmented into product, end-user, and application. In terms of product, it is divided into fire-resistant MDF; standard MDF; and moisture-resistant MDF. Similarly, the end-user section is branched into commercial; residential; and institutional. Based on application, it is subdivided into cabinet; furniture; molding, door, and millwork; packaging system; flooring; and other applications.

Globally, Asia-Pacific is anticipated to become the fastest-growing market for medium density fiberboard during the forecast period 2019-2028. The majority of nations in the region require elevated expenditure towards infrastructure to facilitate economic growth. Moreover, mature economies also have been witnessing high demand for social infrastructure development like housing and health. MDF is widely used in the manufacturing of furniture, cabinets, and more in the construction sector. Hence, the high demand for infrastructural development influences MDF demand, thereby boosting the medium density fiberboard market on a growth path.

Daiken Corporation, Pine Industries Limited, Swiss Krono AG, Eucatex SA, Norbord Inc, Dare Panel Co Ltd, Roseburg, Kastamonu Entegre, Duratex SA, Kronoplus Limited, Egger Group, Masisa, Korosten MDF Manufacture, Fantoni Spa, Nelson, and ARAUCO are major companies thriving in this market.

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Question & Answer: Medium Density Fiberboard (MDF) Market

Question 1: What aspects are influencing the progress of the MDF market?

Answer: The rising demand for medium density fiberboard in furniture and simple access to raw material, are aspects that are influencing the progress of the MDF market worldwide.
The need for readymade, branded, and low maintenance furniture is surging daily, increasing the demand for medium density fiberboard in furniture. Moreover, MDF’s homogeneous density allows the manufacturers to accomplish detailed finishing techniques for high-quality furniture. Therefore, the need for MDF in furniture application simultaneously propels the medium density fiberboard market on a growth path.

Question 2: What factors are negatively impacting the expansion of the medium density fiberboard market?

Answer: Emissions from building material, such as medium density fiberboards, are contributing significantly to the indoor VOCs. Thus, strict government regulation towards such emissions are factors negatively impacting the expansion of the MDF market.

Question 3: Which region is fastest-growing market for medium density fiberboard (MDF)?

Answer: Globally, Asia-Pacific is anticipated to become the fastest-growing market for medium density fiberboard during the forecast period 2019-2028. The majority of nations in the region require elevated expenditure towards infrastructure to facilitate economic growth.

Moreover, mature economies also have been witnessing high demand for social infrastructure development like housing and health. MDF is widely used in the manufacturing of furniture, cabinets, and more in the construction sector. Hence, the high demand for infrastructural development influences MDF demand, thereby boosting the medium density fiberboard market on a growth path.

Question 4: Which are the major companies thriving in the medium density fiberboard market?

Answer: Daiken Corporation, Pine Industries Limited, Swiss Krono AG, Eucatex SA, Norbord Inc, Dare Panel Co Ltd, Roseburg, Kastamonu Entegre, Duratex SA, Kronoplus Limited, Egger Group, Masisa, Korosten MDF Manufacture, Fantoni Spa, Nelson, and ARAUCO are major companies thriving in this market.

Related Report:

Global Wood Coatings Market

The global wood coatings market is probable to exhibit growth in its revenue and volume during 2019-2027 at a CAGR of 5.77% and 5.41%, respectively. It is estimated the market to attain revenue worth $12774.7 million by 2027.

Wood coatings are mainly used to improve and protect wood or structures built from wood. Here, the wood coating aid in augmenting the wood structure's visual cues, which also ensures effective marketing of the product.

The surge in disposable income among consumers and growth in construction activities, are aspects motivating the development of the wood coatings market. The technological advancements are also generating new opportunities that can be leveraged by the market to reach its estimated growth.

However, the changes in raw material costs, along with strict regulations pertaining to the environment, hinders the overall growth of the global wood coatings market.

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