Global Medium-Density Fibreboard (MDF) Market - Industry Trends, Share, Analysis and Statistic 2017 - 2022

The global medium-density fibreboard (MDF) market has witnessed a significant growth in the past several years. Some of the factors which have contributed in influencing the market are its homogenous texture, consistence in strength, dimensional stability, etc.

Request for sample report @ http://www.imarcgroup.com/request?type=report&id=790&flag=B

The latest report by IMARC Group titled, “Medium-Density Fibreboard (MDF) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global medium-density fibreboard (MDF) market reached a value of more than US$ 22 Billion in 2016, growing at a CAGR of nearly 11% during 2009-2016. Medium-density fibreboard (MDF) is an engineered wood product, made from composite wood, or wood waste that is glued together using either heat, resin or pressure. There is no visible wood grain, rings, or splinters in medium-density fibreboard which provides a homogeneous texture. Owing to its smoothness, it is considered an excellent substrate for veneer. In the commercial market, it is available in two types; Standard medium-density fibreboard and Moisture Resistant (MR) medium-density fibreboard. Standard medium-density fibreboard is used for interior purposes such as furniture and general fit-outs. Whereas, MR medium-density fibreboard is suitable for high humidity areas such as laundries and bathrooms, and for furniture in tropical areas.

Highlights of the global medium-density fibreboard market:

The market is driven by the benefits offered by medium-density fibreboard.

The residential sector is the biggest consumer.

Asia-Pacific represents the largest market for medium-density fibreboards.

Medium-density fibreboards offer superior qualities as compared to other compressed engineered wood products such as particle board or hardboard. Medium-density fibreboards leave a better finishing surface after only a few coats of paint. This has emerged as the primary factor which has contributed to its market growth. Apart from this, medium-density fibreboards have consistence in strength and sizes, and have stable dimensions due to which they do not expand or contract. Owing to these factors, the market is further expected to reach a value of US$ 34 Billion by 2022.

The market is segmented on the basis of key applications which include commercial and residential. The residential sector represents the largest consumer for medium-density fibreboards, accounting for more than half of the total global share. The market is also segmented on the basis of key regions such as Asia-Pacific, North America, Europe, Latin America, and Middle East and Africa. Amongst these, Asia-Pacific is the biggest market for medium-density fibreboard. An analysis of the competitive landscape provides the details of the major players operative in the market. Some of the key players are Greenply, WBPI, Kastamonu, Swisskrono, Panel Co. Ltd., etc.

Read full report with TOC @ http://www.imarcgroup.com/medium-density-fibreboard-market

The report has examined the global medium-density fibreboard (MDF) market on the basis of:

Market by Application:

Residential
Commercial

Key Region:

Asia Pacific
North America
Europe
Latin America
Middle East and Africa

Browse related reports :

Particle Board Market @ http://www.imarcgroup.com/particle-board-market

Plywood Market @ http://www.imarcgroup.com/plywood-market

About IMARC Group

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 pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact us

IMARC Group
309 2nd St, Brooklyn, NY 11215, USA
Website: www.imarcgroup.com
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal

This release was published on openPR.