Medium Density Fibreboard Market Trends, Scope, Demand, Opportunity and Forecast by 2024

Global MediumDensity Fibreboard (MDF) Market Research Report and Forecast 2024 Report Edition: 2019 © 2019 IMARC All Rights Reserved

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Global Medium-Density Fibreboard Market Overview: Medium-density fibreboard (MDF) is a wood product made by mixing wood fiber 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”, estimated that the global medium-density fibreboard marker 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 fueling the demand for medium-density fibreboard.

Medium-density fibreboard does not expand or contract due to heat and humidity as opposed to solid wood.

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157.3 146.7 152.0 141.4 136.1 125.5 130.8

160 140 120 100 80 60 40 20 0

120.2 2011

2012

2013

2014

2015

2016

2017

2018

In Billion US$

in Billion US$

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180 160 140 120 100 80 60 40 20 0

160.0 2019

175.9

181.2

186.5

165.3

170.6

2020

2021

2022

2023

2024

This strict rules and regulations set up by the government regarding the use and manufacturing of medium-density fibreboard restricts the market growth. Moreover, the high-maintenance costs, lower strength compared to solid wood and water soaking issues are some of the other factor restraining the overall growth of the market.

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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 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.

Key Market Segmentation: Market Segmentation by Residential and Commercial Applications • •

Residential Commercial

Currently, the residential sector represents the largest application segment due to the expanding applications of medium density fibreboard in doors, shelving, furniture panels and embossing. On the other hand, rapid industrialization, particularly in the developing nations, has accelerated the demand for medium-density fibreboard in commercial applications including moulding, millwork, laminating and finishing, and edge shaping and machining.

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Market Segmentation by New Construction and Replacement Application • •

New Construction Replacement

The report finds that the new construction segment dominates the global medium-density fibreboard market. In this segment, medium-density fibreboard is used for interior designing and building applications such as window boards, wall linings, skirtings and architraves, decorative facades as well as the core material for some floorings.

Market Segmentation by Region • • • • •

Asia Pacific Europe North America Middle East and Africa Latin America

On a geographical front, Asia-Pacific represents the largest market for medium-density fibreboard due

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to the increasing disposable incomes, rapid expansion of the construction sector and improving standards of living in the region. Other major regions are North America, Europe, Latin America, and Middle East and Africa.

Competitive Landscape: The competitive landscape of the market has also been examined with some of the key players.

• • • • • •

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

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