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Medium-Density Fibreboard Market

Global Medium-Density Fibreboard (MDF) Market Size, Analysis: By Product: Standard, Fire Resistant, Moisture Resistant; By Type: E0, E1, E2; By Application: Furniture, Interior Decoration, Construction, Others; By End Use: Residential, Commercial; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032

Global Medium-Density Fibreboard (MDF) Market Outlook

The global medium-density fibreboard (MDF) market reached a value of about USD 30.85 billion in 2023. The market is further expected to grow at a CAGR of 8.90% between 2024 and 2032 to attain USD 66.40 billion by 2032.

 

Global Medium-Density Fibreboard (MDF) Market

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Increasing Demand from the Residential Sector to Augment the Medium-Density Fibreboard (MDF) Industry Growth

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 significantly contribute to the medium-density fibreboard (MDF) industry, where MDF is used in wall-linings, decorative facades, flooring, and window boards, among other sections.

 

The Asia Pacific to Provide Enhanced Growth Opportunities to the Medium-Density Fibreboard (MDF) Industry

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) industry. 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.

 

Medium-Density Fibreboard (MDF): Market Segmentation

Medium-density fibreboard (MDF) refers to a kind of panel formed by wood fibres produced by processing hardwood or softwood residuals in a defibrator and combining it with a resin binder and wax.

 

Global Medium-Density Fibreboard (MDF) Market

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By product, the market is categorised into:

  • Standard
  • Fire Resistant
  • Moisture Resistant

On the basis of type, the industry can be divided into:

  • E0
  • E1
  • E2

Based on application, the market is divided into:

  • Furniture
  • Interior Decoration
  • Construction
  • Others

Based on end use, the industry is bifurcated into:

  • Residential
  • Commercial

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

 

Increasing Construction Activities to Bolster the Growth of the Medium-Density Fibreboard (MDF) Industry

The medium-density fibreboard (MDF) industry is being 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.

 

Global Medium-Density Fibreboard (MDF) Market

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Over the forecast period, the global medium-density fibreboard (MDF) industry is expected to be driven by the growing disposable incomes and rapid urbanisation. The rising eco-consciousness among the consumers is expected to aid 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.

 

Key Industry Players in the Global Medium-Density Fibreboard (MDF) Market

The report gives a detailed analysis of the following key players in the global medium-density fibreboard (MDF) market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • EGGER Group
  • Norbord Inc. (West Fraser)
  • Kronoplus Limited
  • Financiera Maderera S.A. (FINSA)
  • Daiken Corporation
  • Fantoni Spa
  • Duratex S.A.
  • ARAUCO
  • SWISS KRONO TEX GmbH & Co. KG
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product
  • Type
  • Application
  • End Use
  • Region
Breakup by Product
  • Standard
  • Fire Resistant
  • Moisture Resistant
Breakup by Type
  • E0
  • E1
  • E2
Breakup by Application
  • Furniture
  • Interior Decoration
  • Construction
  • Others
Breakup by End Use
  • Residential
  • Commercial
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • EGGER Group
  • Norbord Inc. (West Fraser)
  • Kronoplus Limited
  • Financiera Maderera S.A. (FINSA)
  • Daiken Corporation
  • Fantoni Spa
  • Duratex S.A.
  • ARAUCO
  • SWISS KRONO TEX GmbH & Co. KG
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Medium Density Fibreboard (MDF) Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Medium Density Fibreboard (MDF) Historical Market (2018-2023) 
    8.3    Global Medium Density Fibreboard (MDF) Market Forecast (2024-2032)
    8.4    Global Medium Density Fibreboard (MDF) Market by Product
        8.4.1    Standard
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Fire Resistant
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Moisture Resistant
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
    8.5    Global Medium Density Fibreboard (MDF) Market by Type
        8.5.1    E0
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    E1
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    E2
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
    8.6    Global Medium Density Fibreboard (MDF) Market by Application
        8.6.1    Furniture
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Interior Decoration
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Construction
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Others
    8.7    Global Medium Density Fibreboard (MDF) Market by End Use
        8.7.1    Residential
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Commercial
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
    8.8    Global Medium Density Fibreboard (MDF) Market by Region       
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023) 
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023) 
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023) 
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023) 
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023) 
            8.8.5.2    Forecast Trend (2024-2032)
9    North America Medium-Density Fibreboard (MDF) Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Medium-Density Fibreboard (MDF) Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.3    Forecast Trend (2024-2032)
    10.2    Germany
      10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5    Others
11    Asia Pacific Medium-Density Fibreboard (MDF) Market  Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Medium-Density Fibreboard (MDF) Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Medium-Density Fibreboard (MDF) Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Value Chain Analysis
16    Trade Data Analysis
    16.1    Major Exporting Countries
        16.1.1    By Value
        16.1.2    By Volume
    16.2    Major Importing Countries
        16.2.1    By Value
        16.2.2    By Volume 
17    Price Analysis
    17.1    North America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.2    Europe Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.3    Asia Pacific Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.4    Latin America Historical Price Trends (2018-2023) and Forecast (2024-2032)
    17.5    Middle East and Africa Historical Price Trends (2018-2023) and Forecast (2024-2032)
18    Competitive Landscape
    18.1    Market Structure
    18.2    Company Profiles
        18.2.1    EGGER Group
            18.2.1.1    Company Overview
            18.2.1.2    Product Portfolio
            18.2.1.3    Demographic Reach and Achievements
            18.2.1.4    Certifications
        18.2.2    Norbord Inc. (West Fraser)
            18.2.2.1    Company Overview
            18.2.2.2    Product Portfolio
            18.2.2.3    Demographic Reach and Achievements
            18.2.2.4    Certifications
        18.2.3    Kronoplus Limited
            18.2.3.1    Company Overview
            18.2.3.2    Product Portfolio
            18.2.3.3    Demographic Reach and Achievements
            18.2.3.4    Certifications
        18.2.4    Financiera Maderera S.A. (FINSA)
            18.2.4.1    Company Overview
            18.2.4.2    Product Portfolio
            18.2.4.3    Demographic Reach and Achievements
            18.2.4.4    Certifications
        18.2.5    Daiken Corporation
            18.2.5.1    Company Overview
            18.2.5.2    Product Portfolio
            18.2.5.3    Demographic Reach and Achievements
            18.2.5.4    Certifications
        18.2.6    Fantoni Spa
            18.2.6.1    Company Overview
            18.2.6.2    Product Portfolio
            18.2.6.3    Demographic Reach and Achievements
            18.2.6.4    Certifications
        18.2.7    Duratex S.A.
            18.2.7.1    Company Overview
            18.2.7.2    Product Portfolio
            18.2.7.3    Demographic Reach and Achievements
            18.2.7.4    Certifications
        18.2.8    ARAUCO
            18.2.8.1    Company Overview
            18.2.8.2    Product Portfolio
            18.2.8.3    Demographic Reach and Achievements
            18.2.8.4    Certifications
        18.2.9    SWISS KRONO TEX GmbH & Co. KG
            18.2.9.1    Company Overview
            18.2.9.2    Product Portfolio
            18.2.9.3    Demographic Reach and Achievements
            18.2.9.4    Certifications
        18.2.10    Others
19    Key Trends and Developments in the Market


Additional Customisations Available

1    Manufacturing Process
    1.1    Overview
    1.2    Detailed Process Flow
    1.3    Operation Involved
2    Project Requirement and Cost Analysis
    2.1    Land, Location and Site Development
    2.2    Construction
    2.3    Plant Machinery
    2.4    Cost of Raw Material
    2.5    Packaging
    2.6    Transportation
    2.7    Utilities
    2.8    Manpower
    2.9    Other Capital Investment


List of Key Figures and Tables

1.    Global Medium Density Fibreboard (MDF) Market: Key Industry Highlights, 2018 and 2032
2.    Global Medium Density Fibreboard (MDF) Historical Market: Breakup by Product (USD Billion), 2018-2023
3.    Global Medium Density Fibreboard (MDF) Market Forecast: Breakup by Product (USD Billion), 2024-2032
4.    Global Medium Density Fibreboard (MDF) Historical Market: Breakup by Type (USD Billion), 2018-2023
5.    Global Medium Density Fibreboard (MDF) Market Forecast: Breakup by Type (USD Billion), 2024-2032
6.    Global Medium Density Fibreboard (MDF) Historical Market: Breakup by Application (USD Billion), 2018-2023
7.    Global Medium Density Fibreboard (MDF) Market Forecast: Breakup by Application (USD Billion), 2024-2032
8.    Global Medium Density Fibreboard (MDF) Historical Market: Breakup by End Use (USD Billion), 2018-2023
9.    Global Medium Density Fibreboard (MDF) Market Forecast: Breakup by End Use (USD Billion), 2024-2032
10.    Global Medium Density Fibreboard (MDF) Historical Market: Breakup by Region (USD Billion), 2018-2023
11.    Global Medium Density Fibreboard (MDF) Market Forecast: Breakup by Region (USD Billion), 2024-2032
12.    North America Medium Density Fibreboard (MDF) Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    North America Medium Density Fibreboard (MDF) Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Europe Medium Density Fibreboard (MDF) Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Europe Medium Density Fibreboard (MDF) Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Asia Pacific Medium Density Fibreboard (MDF) Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Asia Pacific Medium Density Fibreboard (MDF) Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Latin America Medium Density Fibreboard (MDF) Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Latin America Medium Density Fibreboard (MDF) Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Middle East and Africa Medium Density Fibreboard (MDF) Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Middle East and Africa Medium Density Fibreboard (MDF) Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Major Importing Countries by Value
23.    Major Importing Countries by Volume
24.    Major Exporting Countries by Value
25.    Major Exporting Countries by Volume
26.    North America Historical Price Trends and Forecast (2018-2032)
27.    Europe Historical Price Trends and Forecast (2018-2032)
28.    Asia Pacific Historical Price Trends and Forecast (2018-2032)
29.    Latin America Historical Price Trends and Forecast (2018-2032)
30.    Middle East and Africa Historical Price Trends and Forecast (2018-2032)
31.    Global Medium Density Fibreboard (MDF) Market Structure

Key Questions Answered in the Report

In 2023, the market attained a value of approximately USD 30.85 billion.

In the forecast period of 2024-2032, the market is projected to grow at a CAGR of 8.90%.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 66.40 billion by 2032. 

The major drivers of the market are the growing construction sector, increasing population, rising demand for single-family houses, favourable initiatives by various governments, growing green building projects, rising demand from the developing regions, and technological advancements.

The key trends guiding the growth of the medium-density fibreboard (MDF) market include rising environmental concern, growing demand for fibreboard with low carbon footprint and LEED certification, and option for product customisation.

The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

Standard, fire resistant, and moisture resistant are the significant products in the market for medium-density fibreboard.

E0, E1, and E2 are the major MDF types in the market.

Furniture, interior decoration, and construction, among others are the significant applications of the product.

Residential and commercial are the primary end uses of the product in the market.

The major players in the global medium-density fibreboard (MDF) market are EGGER Group, Norbord Inc. (West Fraser), Kronoplus Limited, Financiera Maderera S.A. (FINSA), Daiken Corporation, Fantoni Spa, Duratex S.A., ARAUCO, and SWISS KRONO TEX GmbH & Co. KG, among others.

Analyst Review

The global medium-density fibreboard (MDF) market attained a value of USD 30.85 billion in 2023, driven by increased construction activities, rapid urbanisation, and new innovations. Aided by the growing demand for environmental-friendly fibreboards with LEED certification, the market is expected to witness a CAGR of 8.90% in the forecast period of 2024-2032 to reach USD 66.40 billion by 2032.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By product, the market can be segmented into standard, fire resistant, and moisture resistant. The market is divided based on type into E0, E1, and E2. Based on application, the medium-density fibreboard (MDF) industry can be segmented into furniture, interior decoration, and construction, among others. On the basis of end use sector, the residential segment accounts for the leading share in the industry. The major regional markets for medium-density fibreboard (MDF) are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include EGGER Group, Norbord Inc. (West Fraser), Kronoplus Limited, Financiera Maderera S.A. (FINSA), Daiken Corporation, Fantoni Spa, Duratex S.A., ARAUCO, and SWISS KRONO TEX GmbH & Co. KG, among others.

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.

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