Medium-Density Fibreboard Market Report, Industry Overview, Growth Rate and Forecast 2024

NEW YORK - Oct. 16, 2019 - PRLog -- Medium-density fibreboard (MDF) is a wood product made by mixing wood fibres with adhesives to form flat panels. It offers superior quality as compared to solid wood or the other compressed manufactured wood products such as plywood. Owing to this, it is used in a wide variety of residential and commercial projects, such as flooring, toys, furniture, ceiling moulding, cabinetry, industrial packaging, etc. A new research report by IMARC Group, titled "Medium-Density Fibreboard Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024", estimates that the global medium-density fibreboard market reached a value of US$ 23.2 Billion in 2018, registering a CAGR of 7.8% during the year 2011-2018. The report further anticipates the market to reach a value of US$ 37.7 Billion by 2024.

Global Medium-Density Fibreboard Market Drivers/Constraints:

Medium-density fibreboard is manufactured from recycled wood which helps in saving trees and protecting the environment. The increasing environmental concerns among the consumers are fuelling the demand for medium-density fibreboard.

Medium-density fibreboard does not expand or contract due to heat and humidity as opposed to solid wood. As a result, it is extensively used in kitchens and bathrooms in high humid and tropical regions. This, in turn, has bolstered the sales of medium-density fibreboard in these regions.

Due to the growing population, rapid urbanisation, and rising disposable incomes of the consumers, there has been an increase in the number of commercial and residential spaces. This is projected to create a positive impact on the medium-density fibreboard market.

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Breakup by Application:

The report has categorised the application of the global medium-density fibreboard (MDF) into residential and commercial, and new construction and replacement segments.

Breakup by Residential and Commercial Applications

1. Residential

2. Commercial

Browse full report with detailed TOC and list of figures and tables: https://www.imarcgroup.com/medium-density-fibreboard-market

Breakup by New Construction and Replacement Application

1. New Construction

2. Replacement

Breakup by Region

1. Asia-Pacific

2. Europe

3. North America

4. Latin America

5. Middle East and Africa

Competitive Landscape:

The global medium density fibreboard industry consists of numerous small, medium and large players, due to which a high degree of competition prevails in the industry. Some of the leading players operating in the market are:

M. Kaindl KG
Sonae Arauco
Weihua Corporation
Dynea
Guangdong
Duratex SA