Lucintel’s latest market report analyzed that fiberboard provides attractive opportunities in roofing, sound proofing, exterior sheathing, and flooring & paneling applications. The fiberboard market is expected to reach $36.5 billion by 2028 with a CAGR of 8%. In this market, medium/hard density fiberboard MDF/HDF is the largest segment by board type, whereas Flooring & paneling is largest by application.
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Based on board type, the fiberboard market is segmented into hardboard, medium/hard density fiberboard MDF/HDF, and others. The medium/hard density fiberboard MDF/HDF segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, as it ensures high strength and durability and resistance to fire and moisture.
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The Fiberboard Market is marked by the presence of several big and small players. Some of the prominent players offering fiberboard include Evergreen Fibreboard Berhad, Kastamonu Entegre, UAB Grigeo Baltwood, Georgia Pacific Building Products, Coillte Group, and Finsa Forest Products.
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