The global medium density fiberboard market size was USD 38.25 billion in 2020. The market is projected to grow from USD 39.04 billion in 2021 to USD 57.11 billion in 2028 at a CAGR of 5.6% during the 2021-2028 period.

This information is presented by Fortune Business Insights™, in its report, titled, “Medium Density Fiberboard Market, 2021-2028.”

According to our researchers, these fiberboards are generally thicker than plywood, along with being noticeably cost-effective. These influences make it an outstanding substitute material for utilization where humidity resistance and large effect resistance are not compulsory features. For example, Medium Density Fiberboard is chiefly applied in the structuring of furniture cabinetry and wood floor boards and surfaces. 

Fortune Business Insights™ lists out all the medium density fiberboard market companies that are presently striving to reduce the impact of Covid-19 pandemic on the market:

• Arauco (Chile)

• Centuryply (India)

• Daiken Corporation (Japan)

• Duratex (Brazil)

• Fantoni Spa (Italy)

• Greenpanel (India)

• Kaindl KG (Austria)

• Roseburg Forest Products (U.S.)

• Rushil Décor (India)

• Swiss Krono Group (Switzerland)

• Uniboard (Canada)

• Unilin (Belgium)

• VRG Dongwha (Vietnam)

• West Fraser Timber Co. Ltd. (Canada)

• Weyerhaeuser (U.S.)

• Kronospan (Switzerland)

• Egger (Austria)

Report Coverage

The report offers a general study of the market along with current trends and impending estimations to establish approximate investment gains. An extensive assessment of any forthcoming prospects, jeopardies, competitions or navigating aspects is also revealed in the report. Step by step, methodical regional review is also presented.

The COVID-19 impacts have been added to the report to assist stakeholders and commercial experts to comprehend the risks better. The chief players in the market are recognized, and their tactics to sspur the market growth are shared in the report.

Drivers and Restraints

Changing Demand from Plywood to MDF to Stimulate Market Growth

As both MDF and plywood have comparable characteristics, both of them have been principally employed in the manufacturing of furniture items such as tables, beds, sofas, as well as library shelves. MDF is substantially lower in terms of price in comparison with plywood, while having absence of particle grain and lumps in its structure.

On account of these characteristics, this fibreboard ascertains to be an outstanding alternative to plywood for application in areas wherein moisture and impact resistance are not the chief necessities. Therefore, this is expected to bolster the Medium Density fiberboard market growth during the forecast period. 

Collaborations and Boosted Distribution Networks Are Key Tactics of Principal Companies

Product invention & collaborations with suppliers to advance the sales network are vital tactics applied by prime companies to sustain their position in the market.

Arauco is one of the most important corporations functioning in the market. The company is recognized for producing progressive wood composite boards utilizing an automatic manufacturing stage.

Summary of Research Report: https://www.fortunebusinessinsights.com/medium-density-fiberboard-market-104027