Dublin, May 30, 2024 (GLOBE NEWSWIRE) -- The "North America Medium-Density Fiberboard Market Report by Application (Residential, Commercial), Sector (New Construction, Replacement), and Country 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The North America medium-density fiberboard market size reached 4.5 Million Cubic Metres in 2023. Looking forward, the publisher expects the market to reach 5.6 Million Cubic Metres by 2032, exhibiting a growth rate (CAGR) of 2.5% during 2023-2032.
Medium-density fiberboard (MDF) is an engineered wood product made by breaking down hardwood or softwood residuals into wood fibers. It is combined by applying high temperature and pressure with resin or wax to form flat panels. It is considered denser than plywood or dimensional lumber. MDF is used in various residential and commercial projects, such as furniture, cabinetry, flooring, industrial packaging, toys and ceiling molding.
The North America medium-density fiberboard market is currently being driven by several factors. A significant growth in the construction and furniture manufacturing sectors has catalyzed the demand for MDF in the region. Moreover, rising environmental concerns among consumers have induced the demand for engineered wood products, such as MDF, thereby, stimulating the market growth.
In addition to this, MDF is usually available at a lower price, when compared to other wood products, thus fueling the demand in the region. Furthermore, MDF is convenient in nature as it is easy to paint and mold into different shapes, depending on the needs of a consumer.
Key Questions Answered in This Report
- What was the size of the North America medium-density fiberboard market in 2023?
- What is the expected growth rate of the North America medium-density fiberboard market during 2024-2032?
- What are the key factors driving the North America medium-density fiberboard market?
- What has been the impact of COVID-19 on the North America medium-density fiberboard market?
- What is the breakup of the North America medium-density fiberboard market based on the application?
- What is the breakup of the North America medium-density fiberboard market based on the sector?
- What are the key regions in the North America medium-density fiberboard market?
Report Insights
- Key Drivers and Challenges
- Porters Five Forces Analysis
- Competitive Landscape
- Competitive Structure
- Key Player Profiles
Key Regions Analysed
- United States
- Canada
- Analysis for Each Country
Market by Application
- Residential
- Commercial
Market by Sector
- New Construction
- Replacement
For more information about this report visit https://www.researchandmarkets.com/r/2y6ayg
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