Press release
Particleboard Market Rising Business-Opportunities to Reach USD 17.66 Bn. by 2032
Particleboard Market
The global particleboard market-valued at USD 10.91 billion in 2024-is expected to rise at a robust CAGR of 6.2% from 2025 to 2032, reaching approximately USD 17.66 billion. A cost‐effective and sustainable alternative to plywood and solid wood, particleboard demand is escalating in construction, furniture, and infrastructure segments.
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►Competitive Landscape
The market is fragmented, combining giant producers like Norbord, Century Plyboards India Ltd., Boise Cascade, and Greenlam Industries, with emerging players. Asia‐Pacific is the leading region in terms of growth, driven by industrial expansion, rising disposable incomes, and increasing investment in ready‐made furniture markets .
►Regional Insights
United States - Growth & Opportunity
Market Size & Growth: U.S. particleboard market stood at USD 7.74 billion in 2025, with a projected CAGR of 3.6% .
Opportunity: Strong residential construction and DIY furniture trends continue fueling growth.
Trends: Emphasis on moisture-resistant boards and wood‐based raw materials dominates innovation.
Consolidation: The acquisition of Norbord by West Fraser Timber (completed Feb 1, 2021) highlights consolidation.
Updation: Firms invest heavily in R&D to enhance fiber‐mix formulations and reduce VOC emissions.
Asia-Pacific - Growth & Opportunity
Market Size & Growth: Projected USD 15.17 billion in 2025, growing at an 8.0% CAGR into 2033.
Opportunity: Rapid urbanization, infrastructure projects, and explosion in flat-pack furniture demand in China, India, Vietnam .
Trends: Investments in eco-friendly, green-certified particleboard; AI-driven process optimization.
Consolidation: Greenlam Industries (India) continues its expansion through Greenlam Decolan SA acquisition and aggressive capacity additions.
Updation: Local firms are vertically integrating-securing raw sawdust and setting up local adhesive units.
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Europe - Growth & Opportunity
Market Size & Growth: Estimated at USD 7.69 billion in 2025, with a 15.8% CAGR projected from 2025-2033.
Opportunity: Demand from Scandinavian and German construction sectors seeking sustainable building materials.
Trends: Preference for three-layer and graded density products for improved performance and reduced weight.
Consolidation: Norbord (UK/Canada) sale to West Fraser Timber marked a wave of consolidation.
Updation: European players invest in automation and moisture-resistant variants to meet green building standards.
Middle East & Africa - Growth & Opportunity
Market Size & Growth: ME&A region valued at USD 1.06 billion in 2025, expected to grow at 5.3% CAGR through 2033 .
Opportunity: Gulf infrastructure booms-including Saudi and UAE-drive preference for cost-efficient panel-based materials.
Trends: Shifts toward cement-bonded and moisture-resistant boards, particularly in GCC nations.
Consolidation: Regional joint ventures and manufacturing deals-often with European or Asian boardmakers-are on the rise.
Updation: Local firms upgrade with regional production plants; strategic partnerships in South Africa and GCC are growing.
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► Market Segmentation: In-Depth Analysis:
by Raw Material
Sawdust
Shavings
Flakes
Chips
Bagasse
Other
by Application
Construction
Furniture
Infrastructure
Other
Over the course of the projected period, the furniture segment is anticipated to grow at a CAGR of 4.3%. Some large companies base their business on selling inexpensive furniture. To do this, they use the most affordable materials available. Particleboard, medium-density fiberboard, or a comparable substance is almost invariably referred to by this word. Better grades of particleboard, such as larger density particle board, fairly thick particle board, or particleboard manufactured with higher-quality resins, may be used by producers in order to maintain a high degree of quality at a low cost. Generally speaking, solid wood has been replaced by sheet materials (particleboard, medium-density fiberboard, and other engineered timber materials) due to their much lower cost.
For deeper market insights, peruse the summary of the research report:https://www.maximizemarketresearch.com/market-report/global-particleboard-market/78334/
► Learn about the top players driving innovation in the Market :
1. Associate Decor Ltd
2. Boise Cascade
3. Century Prowud
4. D&R Henderson Pty Ltd
5. EGGER
6. Georgia-Pacific
7. Kastamonu Entegre
8. Krifor Industries Pvt. Ltd
9. Peter Benson (Plywood) Limited
10. Roseburg Forest Products
11. Shirdi Industries Ltd. (ASIS India)
12. Siam Riso Wood Products Co. Ltd
13. Timber Products Company
14. Uniboard
15. West Fraser
Wanhua Ecoboard Co. Ltd
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