The global medium-density fibreboard market reached USD 24 billion in 2019. The market is expected to grow further in the forecast period of 2020-2025 at a CAGR of 8.64%. By 2025, the industry is expected to expand to attain a value of USD 40 billion.
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The medium-density fibreboard market is expected to be driven by the growing construction industry globally. The output volume of the construction industry is expected to expand by 85% by 2030. China, the US, and India are projected to account for nearly 57% of the expected growth in the construction industry. In the US, the construction industry is recovering post-recession and witnessing a healthy growth in new construction projects. The growth in the residential and industrial sectors is leading to the growing demand for medium-density fibreboard (MDF) in the US. The residential sector growth can be attributed to the increase in single-family houses in recent years. The renovation and repair projects being undertaken in the existing structures to meet the green building regulations in the region is expected to boost the industry for MDF further. The steady expansion of education, healthcare, and industrial facilities will further propel the market forward.
In China and India, the MDF segment is expected to grow due to the rising construction activity in the regions supported by the rapid industrialisation and increasing government initiatives encouraging the development of the residential section. The growth of the residential sector, combined with the rise in the green building construction, is expected to aid the growth of the medium-density fibreboard (MDF) market. Government initiatives like the ‘Beautiful China’ initiative is further boosting the growth of the green building segment. The rise of the green building sector is also aiding the MDF market growth as it is supposed to be comparatively eco-friendlier than plywood and other wood panelling options. India is a significant market for medium-density fibreboard (MDF) globally. The growth of the industry in India is being driven by the growth of the organised furniture industry in India, where MDF is one of the leading materials being used. With consumers seeking a low carbon footprint and modern offices looking for LEED certification, the MDF segment is further expected to grow in India. The rise in urbanisations and nuclear family households are expected to propel the industry forward in the coming years. The growth of the construction sectors in other Asia Pacific countries like Vietnam, Australia, and Indonesia will further boost the MDF industry.
Properties and Applications
Engineered wood find their application in the commercial and residential sectors. Plywood, medium-density fibreboard (MDF), particle boards, I-joist, glulam, and LVL, are the significant types of engineered wood available in the market. Medium-density fibreboard (MDF) refers to panels formed by wood fibres produced by processing hardwood or softwood residuals in a defibrator and combining it with a resin binder and wax. The types of MDF are:
New construction and replacement are the leading sectors of MDF, as explored within the report. The EMR reports also looks into the major regional medium-density fibreboard markets like North America, the Asia Pacific, Latin America, Europe, and the Middle East and Africa.
While the residential sector is the leading application sector for medium-density fibreboard, the commercial sector is expected to expand in the coming years due to the rapid industrialisation in emerging economies. In commercial applications, the product is used in millwork, moulding, and edge shaping, among others. New construction is also expected to dominate the medium-density fibreboard market, where MDF is used in wall-linings, decorative facades, flooring, and window boards, among other sections.
The global medium-density fibreboard market is being driven by the growing disposable incomes and rapid urbanisation. The rising eco-consciousness among the consumers is aiding the growth of the industry as MDF is mostly produced through renewable and sustainably sourced wood. Being a relatively eco-friendly option, MDF is considered suitable for use within green buildings. Thus, with the growth of the green building segment, the industry for MDF is also expected to grow further. With major players seeking to minimise wastage and make their production process more efficient, the industry is receiving a further boost as eco-conscious consumers are actively shifting to MDF.
Being comparatively cheaper and smoother as compared to other wood panelling without compromising on the structural quality, the demand for MDF is expected to grow in the coming years. The product is being extensively used in tropical regions and other regions with high humidity as it does not expand or contract because of heat and moisture. The demand for MDF is also expected to be aided by the extensive range of products within the industry and its wide customisation ability. The growth in the office furniture market is also projected to aid the industry in the coming years as consumers in the segment are seeking out innovative products, which will not harm the environment. Leading office furniture markets like India are also expected to be significant players in the MDF industry.
The report by EMR analyses the following key players in the global medium-density fibreboard market, covering their capacities, competitive landscape, and latest developments like plant turnarounds, expansions of capacity, and mergers, acquisitions, and investments:
The report looks into the macro and micro aspects of the industry. It gives an in-depth look into the manufacturing process and the costs involved. An analysis of the value chain has also been provided within the report. The EMR report gives a thorough assessment of the industry based on the Porter’s Five Forces Model. It also offers a SWOT analysis of the market.
1.1 Objectives of the Study
1.1.1 Research Objective
1.1.2 Key Findings of the Report
2 Research Methodology
2.1 Data Extraction
2.2 Data Corroboration
2.3 Market Structure
2.5 Market Models
3.1 Market Outlook
3.2 Market Scope and Segmentation
3.3 Additional Insights
4 Executive Summary
4.1 Key Market Developments
4.2 Market Analysis
4.3 Key Players
4.4 Cost Structure
4.5 Market Revenue and Growth
5 Market Dynamics
5.1 Market Driver Analysis
5.2 Market Restraint Analysis
5.3 Industry Challenges
5.4 Industry Opportunities
6 Global Engineered Wood Market Overview
6.1 Figure: Global Engineered Wood Historical Market (2015-2019) & Forecast (2020-2025)
6.2 Chart: Global Engineered Wood Market Breakup by Product Type
6.2.2 Medium-Density Fibreboard
6.2.3 Particle Boards
6.3 Chart: Global Engineered Wood Market Breakup by Application
6.4 Chart: Global Engineered Wood Market Breakup by Region
6.4.1 North America
6.4.3 Asia Pacific
6.4.4 Latin America
6.4.5 Middle East & Africa
7 Global Medium-Density Fibreboard Market Analysis
7.1 Figure: Global Medium-Density Fibreboard Historical Market (2015-2019) & Forecast (2020-2025)
7.2 Chart: Global Medium-Density Fibreboard Market Breakup by Type
7.2.1 Standard Medium-Density Fibreboard
7.2.2 Moisture Resistant (MR) Medium-Density Fibreboard
7.3 Figure: Global Medium-Density Fibreboard Market Breakup by Type: Historical Market (2015-2019) & Forecast (2020-2025)
7.3.1 Standard Medium-Density Fibreboard
7.3.2 Moisture Resistant (MR) Medium-Density Fibreboard
7.4 Chart: Global Medium-Density Fibreboard Market Breakup by Application
7.5 Figure: Global Medium-Density Fibreboard Market Breakup by Application: Historical Market (2015-2019) & Forecast (2020-2025)
7.6 Chart: Global Medium-Density Fibreboard Market Breakup by Sector
7.6.1 New Construction
7.7 Figure: Global Medium-Density Fibreboard Market Breakup by Sector: Historical Market (2015-2019) & Forecast (2020-2025)
7.7.1 New Construction
7.8 Chart: Global Medium-Density Fibreboard Market Breakup by Region
7.8.1 North America
22.214.171.124 United States of America
126.96.36.199 United Kingdom
7.8.3 Asia Pacific
7.8.4 Latin America
7.8.5 Middle East and Africa
188.8.131.52 Saudi Arabia
184.108.40.206 United Arab Emirates
220.127.116.11 South Africa
7.9 Figure: Global Medium-Density Fibreboard Market Breakup by Region: Historical Market (2015-2019) & Forecast (2020-2025)
7.9.1 North America
18.104.22.168 United States of America
22.214.171.124 United Kingdom
7.9.3 Asia Pacific
7.9.4 Latin America
7.9.5 Middle East and Africa
126.96.36.199 Saudi Arabia
188.8.131.52 United Arab Emirates
184.108.40.206 South Africa
8 Regional Medium-Density Fibreboard Price Analysis
8.1 North America Historical Price Trends (2015-2019) & Forecast (2020-2025)
8.2 Europe Historical Price Trends (2015-2019) & Forecast (2020-2025)
8.3 Asia Pacific Historical Price Trends (2015-2019) & Forecast (2020-2025)
8.4 Latin America Historical Price Trends (2015-2019) & Forecast (2020-2025)
8.5 Middle East & Africa Historical Price Trends (2015-2019) & Forecast (2020-2025)
9 Global Trade Analysis (HS Code-44111)
9.1 Major Exporting Countries by Value & Volume
9.2 Major Importing Countries by Value & Volume
10 SWOT Analysis
11 Manufacturing Process
11.1 Detailed Process Flow
11.2 Operations Involved
11.3 Mass Balance
12 Porter’s Five Forces Analysis
12.2 Buyer’s Power
12.3 Supplier’s Power
12.4 New Entrants
12.5 Degree of Rivalry
13 Value Chain Analysis
14 EMR’s Key Indicators for Demand
15 EMR’s Key Indicators for Price
16 Competitive Landscape & Supplier Analysis
16.1 M Kaindl KG.
16.1.1 Company Overview
16.1.2 Financial Analysis
16.2 Sonae Arauco South Africa (Pty) Ltd.
16.2.1 Company Overview
16.2.2 Financial Analysis
16.3 Guangdong Weihua Corporation
16.3.1 Company Overview
16.3.2 Financial Analysis
16.4 Dynea AS
16.4.1 Company Overview
16.4.2 Financial Analysis
16.5.1 Company Overview
16.5.2 Financial Analysis
16.6.1 Company Overview
16.6.2 Financial Analysis
17 Events and Developments
Additional Customisations Available:
18 Capital Investment
18.1 Land Requirements and Investment
18.2 Construction Requirements and Investment
18.3 Machinery Requirements and Investment
18.4 Other Capital Requirements and Investment
19 Production Cost Analysis
19.1 Land, Location and Site Development
19.3 Plant Machinery
19.4 Cost of Raw Material
19.9 Other Capital Investment
The global medium-density fibreboard market attained a value of USD 24.4 billion in 2019. It is expected to witness a further growth in the forecast period of 2020-2025, growing at a CAGR of 8.4%. The market is projected to reach USD 40 billion by 2025.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the medium-density fibreboard market can be segmented into standard and moisture resistant (MR) medium-density fibreboard. On the basis of application, the residential sector holds the largest share in the industry. Based on sector, the industry can be bifurcated into new and replacement construction. The major regional markets for MDF are North America, the Asia Pacific, Latin America, Europe, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the market. The key players in the above industry include M. Kaindl KG, Sonae Arauco South Africa (Pty) Ltd., Guangdong Weihua Corporation, Dynea AS, Arauco, Duratex, and others.
The major drivers of the industry such as rising disposable incomes, increasing population, increasing product awareness, rising eco-consciousness, and the growing construction sector are expected to aid the market growth. EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
EMR’s approach gives their clients a comprehensive assessment of the prevailing and projected market conditions through the collection, collation, and analysis of data from trusted sources. The key questions answered in the market study are:
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