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Global Medium-Density Fibreboard Market: By Sector: New Construction, Replacement; By Application: Residential, Commercial; Regional Analysis; Historical Market and Forecast (2015-2025); Market Dynamics; Manufacturing Process; Project Details, Requirements and Costs Involved Competitive Landscape; Industry Events and Developments

Global Medium-Density Fibreboard (MDF) Market Outlook

The global medium-density fibreboard (MDF) market reached a value of about USD 24 billion in 2019. The market is further expected to grow at a CAGR of 8.64% between 2020 and 2025 to attain USD 40 billion by 2025. 

The medium-density fibreboard (MDF) industry 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

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.

Based on sector, the market is divided into:

  • New Construction
  • Replacement 

Based on application, the industry is being segmented into:

  • Residential
  • Commercial

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

 

Market Analysis

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 (MDF) market, where MDF is used in wall-linings, decorative facades, flooring, and window boards, among other sections.

The global medium-density fibreboard (MDF) industry 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.

 

Competitive Landscape

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:

  • DAIKEN CORPORATION
  • Dongwha Group
  • Arauco
  • Kronoplus Limited
  • Duratex
  • Others

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

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    Industry Opportunities and Challenges
8    Global Engineered Wood Market Overview

    8.1    Key Industry Highlights
    8.2    Global Engineered Wood Historical Market (2015-2019) 
    8.3    Global Engineered Wood Market Forecast (2020-2025)
    8.4    Global Engineered Wood Market by Product Type
    8.5    Global Engineered Wood Market by Application
    8.6    Global Engineered Wood Market by Region
        8.6.1    Market Share
            8.6.1.1    North America
            8.6.1.2    Europe
            8.6.1.3    Asia Pacific
            8.6.1.4    Latin America
            8.6.1.5    Middle East and Africa
9    Global Medium-Density Fibreboard (MDF) Market Analysis
    9.1    Key Industry Highlights
    9.2    Global Medium-Density Fibreboard (MDF) Historical Market (2015-2019) 
    9.3    Global Medium-Density Fibreboard (MDF) Market Forecast (2020-2025)
    9.4    Global Medium-Density Fibreboard (MDF) Market by Sector    
        9.4.1    New Construction
            9.4.1.1    Market Share
            9.4.1.2    Historical Trend (2015-2019)
            9.4.1.3    Forecast Trend (2020-2025)
        9.4.2    Replacement
            9.4.2.1    Market Share
            9.4.2.2    Historical Trend (2015-2019)
            9.4.2.3    Forecast Trend (2020-2025)
    9.5    Global Medium-Density Fibreboard (MDF) Market by Application    
        9.5.1    Residential
            9.5.1.1    Market Share
            9.5.1.2    Historical Trend (2015-2019)
            9.5.1.3    Forecast Trend (2020-2025)
        9.5.2    Commercial
            9.5.2.1    Market Share
            9.5.2.2    Historical Trend (2015-2019)
            9.5.2.3    Forecast Trend (2020-2025)
    9.6    Global Medium-Density Fibreboard (MDF) Market by Region
        9.6.1    Market Share
            9.6.1.1    North America
            9.6.1.2    Europe
            9.6.1.3    Asia Pacific
            9.6.1.4    Latin America
            9.6.1.5    Middle East and Africa
10    Regional Analysis
    10.1    North America
        10.1.1    Historical Trend (2015-2019)
        10.1.2    Forecast Trend (2020-2025)
        10.1.3    Breakup by Country
            10.1.3.1    United States of America 
            10.1.3.2    Canada
    10.2    Europe
        10.2.1    Historical Trend (2015-2019)
        10.2.2    Forecast Trend (2020-2025)
        10.2.3    Breakup by Country
            10.2.3.1    United Kingdom
            10.2.3.2    Germany
            10.2.3.3    France
            10.2.3.4    Italy
            10.2.3.5    Others
    10.3    Asia Pacific
        10.3.1    Historical Trend (2015-2019)
        10.3.2    Forecast Trend (2020-2025)
        10.3.3    Breakup by Country
            10.3.3.1    China
            10.3.3.2    Japan
            10.3.3.3    India
            10.3.3.4    ASEAN
            10.3.3.5    Australia
            10.3.3.6    Others
    10.4    Latin America
        10.4.1    Historical Trend (2015-2019)
        10.4.2    Forecast Trend (2020-2025)
        10.4.3    Breakup by Country
            10.4.3.1    Brazil
            10.4.3.2    Argentina
            10.4.3.3    Mexico
            10.4.3.4    Others
    10.5    Middle East and Africa
        10.5.1    Historical Trend (2015-2019)
        10.5.2    Forecast Trend (2020-2025)
        10.5.3    Breakup by Country
            10.5.3.1    Saudi Arabia
            10.5.3.2    United Arab Emirates
            10.5.3.3    Nigeria
            10.5.3.4    South Africa
            10.5.3.5    Others
11    Market Dynamics
    11.1    SWOT Analysis
        11.1.1    Strengths
        11.1.2    Weaknesses
        11.1.3    Opportunities
        11.1.4    Threats
    11.2    Porter’s Five Forces Analysis
        11.2.1    Supplier’s Power
        11.2.2    Buyer’s Power
        11.2.3    Threat of New Entrants
        11.2.4    Degree of Rivalry
        11.2.5    Threat of Substitutes
    11.3    EMR’s Key Indicators for Demand
    11.4    EMR’s Key Indicators for Price
12    Value Chain Analysis
13    Price Analysis

    13.1    Price Structure
    13.2    Price Trends
14    Manufacturing Process
    14.1    Overview
    14.2    Detailed Process Flow
    14.3    Operations Involved
15    Loans and Financial Assistance
16    Project Details, Requirements and Costs Involved

    16.1    Land Requirements and Expenditures
    16.2    Construction Requirements and Expenditures
    16.3    Plant Machinery
    16.4    Machinery Pictures
    16.5    Raw Material Requirements and Expenditures
    16.6     Raw Material and Final Product Pictures
    16.7    Packaging Requirements and Expenditures
    16.8    Transportation Requirements and Expenditures
    16.9    Utility Requirements and Expenditures
    16.10    Manpower Requirements and Expenditures
    16.11    Other Capital Investments
17    Project Economics
    17.1    Capital Cost of the Project
    17.2    Techno-Economic Parameters
    17.3    Product Pricing and Margins Across Various Levels of the Supply Chain
    17.4    Taxation and Depreciation
    17.5    Income Projections
    17.6    Expenditure Projections
    17.7    Financial Analysis
    17.8    Profit Analysis
18    Competitive Landscape
    18.1    Market Structure
    18.2    Key Players
    18.3    Company Profiles
        18.3.1    DAIKEN CORPORATION
            18.3.1.1    Company Overview
            18.3.1.2    Product Portfolio
            18.3.1.3    Demographic Reach and Achievements
            18.3.1.4    Certifications
        18.3.2    Dongwha Group
            18.3.2.1    Company Overview
            18.3.2.2    Product Portfolio
            18.3.2.3    Demographic Reach and Achievements
            18.3.2.4    Certifications
        18.3.3    Arauco
            18.3.3.1    Company Overview
            18.3.3.2    Product Portfolio
            18.3.3.3    Demographic Reach and Achievements
            18.3.3.4    Certifications
        18.3.4    Kronoplus Limited
            18.3.4.1    Company Overview
            18.3.4.2    Product Portfolio
            18.3.4.3    Demographic Reach and Achievements
            18.3.4.4    Certifications
        18.3.5    Duratex
            18.3.5.1    Company Overview
            18.3.5.2    Product Portfolio
            18.3.5.3    Demographic Reach and Achievements
            18.3.5.4    Certifications
        18.3.6    Others
19    Industry Events and Developments


List of Figures and Tables

1.    Global Engineered Wood Market: Key Industry Highlights, 2015 and 2025
2.    Global Engineered Wood Historical Market: Breakup by Product Type (USD Billion), 2015-2019
3.    Global Engineered Wood Market Forecast: Breakup by Product Type (USD Billion), 2020-2025
4.    Global Engineered Wood Historical Market: Breakup by Application (USD Billion), 2015-2019
5.    Global Engineered Wood Market Forecast: Breakup by Application (USD Billion), 2020-2025
6.    Global Engineered Wood Historical Market: Breakup by Region (USD Billion), 2015-2019
7.    Global Engineered Wood Market Forecast: Breakup by Region (USD Billion), 2020-2025
8.    Global Medium-Density Fibreboard (MDF) Market: Key Industry Highlights, 2015 and 2025
9.    Global Medium-Density Fibreboard (MDF) Historical Market: Breakup by Sector (USD Billion), 2015-2019
10.    Global Medium-Density Fibreboard (MDF) Market Forecast: Breakup by Sector (USD Billion), 2020-2025
11.    Global Medium-Density Fibreboard (MDF) Historical Market: Breakup by Application (USD Billion), 2015-2019
12.    Global Medium-Density Fibreboard (MDF) Market Forecast: Breakup by Application (USD Billion), 2020-2025
13.    Global Medium-Density Fibreboard (MDF) Historical Market: Breakup by Region (USD Billion), 2015-2019
14.    Global Medium-Density Fibreboard (MDF) Market Forecast: Breakup by Region (USD Billion), 2020-2025
15.    North America Medium-Density Fibreboard (MDF) Historical Market: Breakup by Country (USD Billion), 2015-2019
16.    North America Medium-Density Fibreboard (MDF) Market Forecast: Breakup by Country (USD Billion), 2020-2025
17.    Europe Medium-Density Fibreboard (MDF) Historical Market: Breakup by Country (USD Billion), 2015-2019
18.    Europe Medium-Density Fibreboard (MDF) Market Forecast: Breakup by Country (USD Billion), 2020-2025
19.    Asia Pacific Medium-Density Fibreboard (MDF) Historical Market: Breakup by Country (USD Billion), 2015-2019
20.    Asia Pacific Medium-Density Fibreboard (MDF) Market Forecast: Breakup by Country (USD Billion), 2020-2025
21.    Latin America Medium-Density Fibreboard (MDF) Historical Market: Breakup by Country (USD Billion), 2015-2019
22.    Latin America Medium-Density Fibreboard (MDF) Market Forecast: Breakup by Country (USD Billion), 2020-2025
23.    Middle East and Africa Medium-Density Fibreboard (MDF) Historical Market: Breakup by Country (USD Billion), 2015-2019
24.    Middle East and Africa Medium-Density Fibreboard (MDF) Market Forecast: Breakup by Country (USD Billion), 2020-2025
25.    Medium-Density Fibreboard Manufacturing Plant: Raw Material Requirements (in CBM/Day)
26.    Medium-Density Fibreboard Manufacturing Plant: Costs Related to Land and Site Development (in USD)
27.    Medium-Density Fibreboard Manufacturing Plant: Costs Related to Civil Works (in USD)
28.    Medium-Density Fibreboard Manufacturing Plant: Machinery Costs (in USD)
29.    Medium-Density Fibreboard Manufacturing Plant: Raw Material Requirements (in CBM/Day) and Expenditures (in USD/CBM)
30.    Medium-Density Fibreboard Manufacturing Plant: Costs Related to Salaries and Wages (in USD)
31.    Medium-Density Fibreboard Manufacturing Plant: Costs Related to Other Capital Investments (in USD)
32.    Details of Financial Assistance Offered by Financial Institutions in India
33.    Medium-Density Fibreboard Manufacturing Plant: Capital Costs (in USD)
34.    Medium-Density Fibreboard Manufacturing Plant: Techno-Economic Parameters
35.    Medium-Density Fibreboard Manufacturing Plant: Income Projections (in USD)
36.    Medium-Density Fibreboard Manufacturing Plant: Expenditure Projections (in USD)
37.    Medium-Density Fibreboard Manufacturing Plant: Taxation (in USD/Year)
38.    Medium-Density Fibreboard Manufacturing Plant: Depreciation (in USD/Year)
39.    Medium-Density Fibreboard Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US
40.    Medium-Density Fibreboard Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in USD)
41.    Medium-Density Fibreboard Manufacturing Plant: Profit and Loss Account (in USD/Year)
42.    Global Medium-Density Fibreboard (MDF) Market Structure

Key Questions Answered in the Report

In 2019, the global medium-density fibreboard (MDF) market attained a value of nearly USD 24 billion. 

In the forecast period of 2020-2025, the market is projected to grow at a CAGR of 8.64%.

The market is estimated to grow in the forecast period of 2020-2025 to reach about USD 40 billion by 2025. 

The major drivers of the industry, such as growing construction sector, increasing population, rising demand for single-family houses, favourable government initiatives, growing green building projects, rising demand from the developing regions, and growing technological advancements, are expected to aid the market growth.

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

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

The residential segment represents the leading application of the product.  

New construction and replacement are the major sectors in the industry.

The major players in the industry are DAIKEN CORPORATION, Dongwha Group, Arauco, Kronoplus Limited, and Duratex, among others.

Analyst Review

The global medium-density fibreboard (MDF) market attained a value of USD 24 billion in 2019, 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 8.64% in the forecast period of 2020-2025 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 sector, the medium-density fibreboard (MDF) industry can be bifurcated into new construction and replacement. On the basis of application, 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 DAIKEN CORPORATION, Dongwha Group, Arauco, Kronoplus Limited, and Duratex, 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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