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Medium-density fibreboard (MDF) is a wood product made by mixing wood fibres 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. The report of the market to reach a value of US$ 37.7 Billion by 2024.
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3. Report DescriptionReport Description and Highlights
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.
4. Report DescriptionReport Description and Highlights
120.2
125.5 130.8 136.1 141.4 146.7 152.0 157.3
0
20
40
60
80
100
120
140
160
2011 2012 2013 2014 2015 2016 2017 2018
inBillionUS$
160.0 165.3 170.6 175.9 181.2 186.5
0
20
40
60
80
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120
140
160
180
2019 2020 2021 2022 2023 2024
InBillionUS$
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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market/requestsample
5. Report DescriptionReport Description and Highlights
• 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.
6. Report Description
Report Description and Highlights
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
7. Report DescriptionReport Description and Highlights
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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Partial List of Clients
9. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients