iCrowdNewswire Feb 4, 2021 2:00 PM ET
According to the latest report by IMARC Group, titled, “Medium-Density Fiberboard Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026“, the global medium-density fibreboard market reached a value of US$ 25.12 Billion in 2020.
Medium-density fiberboard (MDF) refers to a type of engineered wood product made of wood fibers mixed with adhesives like resin and wax to form flat panels. It is a superior quality product that is denser than plywood and does not expand and contract in humid or moist conditions. It finds extensive application across various residential and commercial projects for flooring, furniture, ceiling moldings, cabinetry and industrial packaging.
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The global MDF market is primarily driven by the increasing demand from the building and construction industry, especially in developing nations. With the rising environmental concerns, there has also been an increased demand for MDF products as they are manufactured with recycled woods and acts as a major contributor to sustainable development. As a result, governments of several countries are encouraging the adoption of MDF panels. These factors are expected to create a positive outlook for the market in the coming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Medium-Density Fiberboard Market 2021-2026 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
M. Kaindl KG, Sonae Arauco SA, Guangdong Weihua Corporation, Dynea Guangdong Co. Ltd.
For more information about this report visit: https://www.imarcgroup.com/medium-density-fibreboard-market
The report has segmented the market on the basis of Residential and Commercial Applications, New Construction and Replacement Applications and Region.
Breakup by Residential and Commercial Applications:
Breakup by New Construction and Replacement Applications:
Middle East and Africa
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Keywords: medium-density, fibreboard, market size, mdf, construction, woodworking, global