The latest report by IMARC Group titled, “Medium-Density Fibreboard (MDF) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, finds that the global medium-density fibreboard (MDF) market reached a value of more than US$ 22 Billion in 2016, growing at a CAGR of nearly 11% during 2009-2016. Medium-density fibreboard (MDF) is an engineered wood product, made from composite wood, or wood waste that is glued together using either heat, resin or pressure. There is no visible wood grain, rings, or splinters in medium-density fibreboard which provides a homogeneous texture. Owing to its smoothness, it is considered an excellent substrate for veneer. In the commercial market, it is available in two types; Standard medium-density fibreboard and Moisture Resistant (MR) medium-density fibreboard. Standard medium-density fibreboard is used for interior purposes such as furniture and general fit-outs. Whereas, MR medium-density fibreboard is suitable for high humidity areas such as laundries and bathrooms, and for furniture in tropical areas.
Highlights of the global medium-density fibreboard market:
- The market is driven by the benefits offered by medium-density fibreboard.
- The residential sector is the biggest consumer.
- Asia-Pacific represents the largest market for medium-density fibreboards.
Request a Free Sample copy of the report: http://www.imarcgroup.com/request?type=report&id=790&flag=BMedium-density fibreboards offer superior qualities as compared to other compressed engineered wood products such as particle board or hardboard. Medium-density fibreboards leave a better finishing surface after only a few coats of paint. This has emerged as the primary factor which has contributed to its market growth. Apart from this, medium-density fibreboards have consistence in strength and sizes, and have stable dimensions due to which they do not expand or contract. Owing to these factors, the market is further expected to reach a value of US$ 34 Billion by 2022.
The market is segmented on the basis of key applications which include commercial and residential. The residential sector represents the largest consumer for medium-density fibreboards, accounting for more than half of the total global share. The market is also segmented on the basis of key regions such as Asia-Pacific, North America, Europe, Latin America, and Middle East and Africa. Amongst these, Asia-Pacific is the biggest market for medium-density fibreboard. An analysis of the competitive landscape provides the details of the major players operative in the market. Some of the key players are Greenply, WBPI, Kastamonu, Swisskrono, Panel Co. Ltd., etc.
The report has examined the global medium-density fibreboard (MDF) market on the basis of:
Market by Application:
- Asia Pacific
- North America
- Latin America
- Middle East and Africa
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