DUBLIN--(BUSINESS WIRE)--ResearchAndMarkets.com has added the "Medium Density Fiberboard-Global Market Outlook (2019-2027)" report to the products of ResearchAndMarkets.com.
The global medium-density fiberboard market was worth US$62.4 billion in 2019 and is expected to reach US$120.8 billion by 2027, with a compound annual growth rate of 8.6% during the forecast period.
The availability of raw materials and the increasing demand for MDF for furniture are the main factors driving market growth. However, the emergence of external substitutes such as glass, wood-plastic composite materials and fibers in high-end applications hindered market growth.
Medium-density fiberboard or dry-process fiberboard contains less than 20% fiber moisture content and density at the molding stage? 450 kg/m3. These boards are basically produced under heat and pressure, with synthetic adhesive added.
According to the type, since this type of MDF emits about 90.0% less formaldehyde than the E2 type of MDF, the E1 MDF section is expected to achieve profitable growth. Moderate product-related pricing and growing consumer demand for low-formaldehyde content furniture are expected to drive demand for E1 medium-density fiberboard.
By region, the Asia-Pacific region will achieve lucrative growth during the forecast period due to increased construction spending in emerging markets to meet growing residential demand. Due to the high product penetration rate of the construction and furniture manufacturing industry, China is the largest consumer of MDF.
Some of the major players in the MDF market include Arauco, Daiken Corporation, Dare Wood-Based Panels Group Co. Ltd, Duratex SA, EGGER Group, Eucatex SA, Fantoni SpA, Kastamonu Entegre, Korosten MDF manufacturer, Kronospan Limited , West Fraser Timber Co. Ltd, Swiss Krono AG, Norbord Inc., ROSEBURG and Sonae Indstria, SGPS SA.
5 Global Medium Density Fiberboard Market, Classified by Product
6 Global Medium Density Fiberboard Market, by Type
7 Global MDF market, by composition
8 Global MDF market, by application
9 Global MDF market, by end user
10 The global MDF market, divided by region
10.6.5 Middle East and the rest of Africa
11.1 Agreements, partnerships, cooperation and joint ventures
12.3 Daer Wood-based Panel Group Co., Ltd.
12.11 West Fraser Wood Co., Ltd.
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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com US Eastern Time Office Hours Call 1-917-300-0470 US/Canada Toll Free 1-800-526-8630 GMT Office Hours Call 353-1-416-8900