Particle Board Market Statistics and Research Analysis Detailed in Latest Research Report to 2023-2028

IMARC Group has recently released a new research study titled "Particle Board Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenarios.

How big is the particle board market?

The global particle board market size reached US$ 22.2 billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 27.9 Bn by 2028, exhibiting a growth rate (CAGR) of 3.7% during 2023-2028.

What is particle board?

Particle board, otherwise referred to as low-density fiberboard (LDF), represents an engineered wood made using a mixture of sawdust, sawmill shavings, timber chips, and synthetic resin. It is extensively available in various densities, sizes, the geometry of particles, and the amount of adhesive used.

Particle boards are easy to install, lightweight, affordable, environment-friendly, and high in density and uniformity. As a result, they find widespread applications in making home furniture, such as bookcases, doors, kitchen cabinets, windows, wall and floor coverings, etc., in the commercial and residential sectors across the globe.

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What are the growth prospects and trends in the particle board industry?

The escalating construction of homes, on account of the rising urbanization and global population levels, is among the primary factors driving the particle board market. Besides this, the elevating product demand in commercial establishments for improving the overall value and providing enhanced aesthetics, owing to the increasing number of working professionals and the emerging trend of modern offices, is further augmenting the market growth. Moreover, the growing popularity of particle boards in concert venues and recording studios as they can easily be painted, laminated, wallpapered, and have remarkable sound-absorbing properties, is also catalyzing the global market.

Apart from this, the inflating need for low-density fiberboard (LDF) in sports and outdoor events is acting as another significant growth-inducing factor. Additionally, the extensive usage of this material, as it is dense, affordable, uniform, lightweight, easy to install, and environment-friendly, is also stimulating the market growth. Furthermore, the launch of innovative product variants using raw materials derived from crop plants, including rice, cotton gin, banana, wheat, barley, coir, kenaf, etc., to improve the intrinsic qualities is anticipated to propel the particle board market over the forecasted period.

Who are the key players operating in the industry?

The report covers the major market players including:

Particle Board Manufacturers: 

• Kastamonu Entegre
• Roseburg Forest Products Co.
• Norbord Inc.
• Boise Cascade Company
• Columbia Forest Products, Inc.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Sector:

• New Construction
• Replacement

Breakup by Application:

• Residential
• Commercial

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Speak to Analyst: https://www.imarcgroup.com/request?type=report&id=1679&flag=C

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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Website: https://www.imarcgroup.com

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

This release was published on openPR.