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Medium Density Fiberboard (MDF) Market Size, Forecast Report [2031]
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Medium Density Fiberboard (MDF) Market Size, Forecast Report [2031]

Segments - Medium Density Fiberboard (MDF) Market by Application (Cabinets, Floorings, Furniture, Moldings, Doors, and Millworks, Packaging Systems, and Others), End-users (Residential, Commercial, and Institutional), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2023-2031

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Author : Raksha Sharma
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Upcoming | Report ID :CM-4444 | 4.3 Rating | 85 Reviews | 176 Pages | Format : PDF Excel PPT

Report Description


Medium Density Fiberboard (MDF) Market Outlook 2031

The global medium density fiberboard (MDF) market size was valued at USD 39.76 Billion in the year 2022 and is expected to surpass USD 72.48 Billion by 2031 expanding at a CAGR of 6.9% during the forecast period, 2023–2031.

Medium density fiberboard (MDF) is formed with the extensive range of fibers, including agro fibers, lignocelluloses fibers, and recycled wood. MDF have fiber moisture content below 20%. These boards are basically produced under pressure and heat, by adding synthetic pastes.

Medium density Fiberboard (MDF) Market Outlook

Scientific modernizations and developments in the manufacturing process have resulted in the production of medium density fiberboards (MDF) with better durability and expanded lifespan. Superior adhesion methods with the use of low formaldehyde resins such as phenol-formaldehyde have led to product modernizations in the industry.

  • According to a statement published by the World Bank, the organized furniture industry is increasing at a CAGR of 20% annually. This is anticipated to increase the demand for MDF in furniture during the forecast period.
  • Increasing construction activities is expected to proliferate the market growth.
  • Easy availability of raw materials is expected to drive the demand for MDF during the forecast period.
  • Stringent government rules and regulations are anticipated to hamper the expansion of the global medium density fiberboard market.
  • The presence of alternatives such as high density fibre boards is anticipated to obstruct the global market.
  • The COVID-19 pandemic halted the construction activities in 2020, while the third-wave of the pandemic can disrupt the market growth.
  • Loss of investment plans and termination of planned projects can also be experienced in the market following the lockdown and normalization of business operations, additionally affecting demand for construction raw materials, construction activities, and employment significantly. This can further affect the growth of the global market.
  • Rapid urbanization in low- and middle-income countries can create lucrative opportunities during the forecast period

Scope of Medium Density Fiberboard (MDF) Market Report

The report on medium density fiberboard (MDF) market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Medium Density Fiberboard (MDF) Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2022

Historic Data

2016 & 2021

Forecast Period

2023–2031

Segmentation

Application (Cabinets, Floorings, Furniture, Moldings, Doors, and Millworks, Packaging Systems, and Others), End-users (Residential, Commercial, and Institutional)

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered

FRITZ EGGER GmbH & Co. OG, Kronospan Limited, YongLin Group Joint Stock Co., Ltd., Duratex, ARAUCO, SWISS KRONO GROUP, Sonae Arauco, Nordbord Inc.

Medium Density Fiberboard (MDF) Market Segment Insights

Furniture segment to hold a significant market share

In the terms of applications, the market can be divided into cabinets, floorings, furniture, moldings, doors, and millworks, packaging systems, and others.

The furniture segment is anticipated to hold a substantial share in the global medium density fiberboard (MDF) market owing to the uniform density profile of MDF enables the producers of readymade furniture to carry out complex and precise machining and finishing techniques for superior finished products, which helps to boost the growth of the market segment.

Medium Density Fiberboard (MDF) Market Applications Segmentation

Residential segment to grow at a significant rate

Based on end-users, the medium density fiberboard (MDF) market can be fragmented into residential, commercial, and institutional. The residential segment is projected to hold a significant share in the market owing to the durability and fine carving ability. These products are used extensively for making decorative boards and big sized walling applications.

On the other hand, the commercial segment is expected to grow at a robust pace owing to the rise in a number of commercial spaces including restaurants, cafes, hotels, lodging spaces. This, in turn, is projected to boost the demand for decorative materials in order to attract more customers. Furthermore, increasing expenditure on renewals and interior decoration activities are likely to rise the demand for MDF-based decorative materials.

Regional Analysis

On the basis of regions, the global medium density fiberboard (MDF) market can be split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Asia Pacific accounted for a large market share in 2020, and is anticipated to dominate the market owing to growing construction activities in countries such as India, South Korea, China, and Japan. Among these countries, China is a large consumer of MDF panels due to high product dispersion in the construction and furniture manufacturing industry.

Medium Density Fiberboard (MDF) Market Regions

Segments

Applications

  • Cabinets
  • Floorings
  • Furniture
  • Moldings, Doors, and Millworks
  • Packaging Systems
  • Others

End-users

  • Residential
  • Commercial
  • Institutional

Regions

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

Key Players

Competitive Landscape

Key players in the medium density fiberboard market include FRITZ EGGER GmbH & Co. OG, Kronospan Limited, YongLin Group Joint Stock Co., Ltd., Duratex, ARAUCO, SWISS KRONO GROUP, Sonae Arauco, Nordbord Inc. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

Medium Density Fiberboard (MDF) Market Key Players

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Medium Density Fiberboard (MDF) Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Medium Density Fiberboard (MDF) Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Medium Density Fiberboard (MDF) Market - Supply Chain
  4.5. Global Medium Density Fiberboard (MDF) Market Forecast
     4.5.1. Medium Density Fiberboard (MDF) Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Medium Density Fiberboard (MDF) Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Medium Density Fiberboard (MDF) Market Absolute $ Opportunity
5. Global Medium Density Fiberboard (MDF) Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Medium Density Fiberboard (MDF) Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Medium Density Fiberboard (MDF) Demand Share Forecast, 2019-2026
6. North America Medium Density Fiberboard (MDF) Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Medium Density Fiberboard (MDF) Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Medium Density Fiberboard (MDF) Demand Share Forecast, 2019-2026
7. Latin America Medium Density Fiberboard (MDF) Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Medium Density Fiberboard (MDF) Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Medium Density Fiberboard (MDF) Demand Share Forecast, 2019-2026
8. Europe Medium Density Fiberboard (MDF) Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Medium Density Fiberboard (MDF) Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Medium Density Fiberboard (MDF) Demand Share Forecast, 2019-2026
9. Asia Pacific Medium Density Fiberboard (MDF) Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Medium Density Fiberboard (MDF) Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Medium Density Fiberboard (MDF) Demand Share Forecast, 2019-2026
10. Middle East & Africa Medium Density Fiberboard (MDF) Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Medium Density Fiberboard (MDF) Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Medium Density Fiberboard (MDF) Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Medium Density Fiberboard (MDF) Market: Market Share Analysis
  11.2. Medium Density Fiberboard (MDF) Distributors and Customers
  11.3. Medium Density Fiberboard (MDF) Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. FRITZ EGGER GmbH & Co. OG
     11.4.2. Kronospan Limited
     11.4.3. YongLin Group Joint Stock Co., Ltd.
     11.4.4. Duratex
     11.4.5. ARAUCO
     11.4.6. SWISS KRONO GROUP
     11.4.7. Sonae Arauco
     11.4.8. Nord

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