Southeast Asia Melamine Faced Chipboard (MFC) Market Size, Future Growth, Segments Forecast 2022-2028

Precision Business Insights published a research report on “Southeast Asia Melamine Faced Chipboard (MFC) Market By Thickness (Below 18 mm, 18 mm to 25 mm and Above 25 mm), By Application (Residential, Commercial and Others), and Country - Global/Region/Country Forecast to 2028”.

Melamine faced chipboard (MFC) is a type of composite wood created by combining machined wood chips and a strong resin. It's in practically every fully equipped kitchen as well as bedroom. MFC is used in all of the major departments, including schools, hospitals, workplaces, caravans, and canal boat merchants. There are a variety of thicknesses available, but the industry standard is 25mm thick. The density of the board determines the quality of melamine faced chipboard. Low-density board, which is particularly light in weight, is used in a lot of residential furniture. A dense board is used in a lot of business furniture because it prevents flexing as well as bending. The final board is next cut to shape as well as size, and the edges are protected with the help of a banding machine. Melamine faced chipboard comes in a variety of hues, which vary from factory to factory. Every manufacturing uses a few basic finishes, and while they all have the same grain pattern, the tint and grain pattern can vary according on the source.

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The Melamine Faced Chipboard (MFC) Market is being driven by rising demand for melamine faced chipboard (MFC) from end-user industries all over the world. The widespread usage of melamine faced chipboard in the building of kitchen cabinets and frames is also propelling the global Melamine Faced Chipboard (MFC) Market forward. Moreover, factors such as the availability of substitutes such as Medium-density fibreboard (MDF) and raw material price fluctuations may limit the Melamine Faced Chipboard (MFC) Market's development over the projection period.

Melamine Faced Chipboard (MFC) Market is segmented into Type, Application, and Geography. By Type, the market is fragmented into Thickness: Below 18 mm, Thickness:18-25 mm, and Thickness: Above 25 mm. Based on Application, the market is categorized into Residential, Commercial, and Others.

The Southeast Asia melamine faced chipboard (MFC) market was worth US $569.2 million in 2019 and is expected to develop at a 7.4% CAGR from 2019 to 2026. Growing demands for melamine faced chipboard (MFC) from end-user industry segments, extensive use of melamine faced chipboard in the construction of kitchen cabinets and frames, rising disposable income coupled with changing consumer lifestyles, rising infrastructure development, and favourable regulations are some of the key factors driving market growth. Furthermore, melamine's toxicity levels, the availability of replacements, and raw material price fluctuations may restrict the market's expansion.

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Some of the major key players in the Southeast Asia Melamine Faced Chipboard (MFC) Market are Pfleiderer, Finsa, Unilin, Kronospan, Egger, HeveaBoard

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