Selbyville, Delaware,, May 30, 2023 (GLOBE NEWSWIRE) -- The medium density fiberboard market valuation is predicted to reach USD 88.5 billion by 2032, as reported in a research study by Global Market Insights Inc.
Medium density fiberboard (MDF) is a versatile engineered wood product that is widely used in various applications, including furniture manufacturing, construction, interior design, and packaging. It is made by compressing wood fibers and resin under high temperature and pressure, resulting in a dense and uniform panel with excellent strength and durability. Factors such as the increasing demand for cost-effective and sustainable construction materials, the growth of the furniture sector, and the rising trend of interior design and renovation projects are driving medium density fiberboard market expansion.
The furniture sector is one of the major consumers of medium-density fiberboard. MDF offers advantages such as stability, uniformity, and ease of machining, making it a preferred material for manufacturing a wide range of furniture products, including tables, chairs, cabinets, and shelves. The growing demand for stylish and functional furniture in both residential and commercial sectors is accelerating the business expansion.
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The fire-resistant medium density fiberboard market is anticipated to witness significant growth by 2032 due to the increasing emphasis on fire safety in various industries. Fire-resistant MDF is engineered with additives and technologies that enhance its fire-resistance properties, making it suitable for applications where fire protection is critical. It finds extensive use in interior building construction, particularly in areas that require compliance with fire safety regulations, such as commercial buildings, public spaces, and transportation vehicles. The growing awareness of fire hazards and the need for improved fire safety measures are augmenting the demand for fire-resistant MDF in the market.
The Europe medium density fiberboard market is experiencing significant growth and is a key player in the global industry. The region's robust construction and furniture sectors are major drivers for the demand of MDF. Europe's emphasis on sustainable building practices and regulations regarding indoor air quality have further fueled the adoption of MDF as a versatile and eco-friendly material. Additionally, the region's focus on innovative design and high-quality furniture production has increased the use of MDF in the manufacturing of stylish and functional furniture pieces. With a strong market presence and growing consumer demand, the Europe MDF market is poised for continued expansion.
Some of the major companies operating in the medium density fiberboard market include Kastamonu Entegre, Nordbord Inc., Century Plyboards (India) Limited, Greenply Industries, Georgia-Pacific, Egger Group, Kronospan Limited, TRENOX Laminates, Evergreen Fiberboard Berhad, and ARAUCO.
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Partial chapters of report table of contents (TOC):
Chapter 2 Executive Summary
2.1 Medium Density Fiberboard Industry 360° synopsis, 2018 – 2032
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
2.1.4 Application trends
Chapter 3 Medium Density Fiberboard Industry Insights
3.1 Industry segmentation
3.2 COVID-19 impact on world economy
3.3 Industry ecosystem analysis
3.4 Regulatory Landscape
3.5 Raw material analysis
3.6 Pricing analysis
3.7 Industry impact forces
3.7.1 Growth drivers
3.7.2 Industry pitfalls & challenges
3.8 Innovation and sustainability
3.9 Growth potential analysis, 2022
3.10 Porter’s analysis
3.11 PESTEL analysis
3.12 COVID-19 impact on medium density fiberboard market by application
3.13 Russia-Ukraine war impact on medium density fiberboard business
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Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
