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Global Medium Density Fiberboard Market by Application (Construction, Furniture), by Product (Moisture Resistant MDF, Standard MDF) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

  • Report ID: CNS-73627
  • Author: Up Market Research
  • Rating: 5.0
  • Total Reviews: 75
  • No. Of Pages: 250
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  • Pub. Date: 2021-10-21
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Summary of the Report

In 2019, the global market for medium density fiberboard was worth USD 61.3 billion. It is projected to grow at a 6.6% compound annual growth rate (CAGR), between 2020 and 2027. The forecast period will see a rise in product applications in furniture and construction.

In the global economy, there has been a steady increase in approvals for building projects due to low interest rates and consistent economic growth. Companies are expanding their office infrastructure to be competitive in global markets, which is increasing the demand for interior design materials and furniture. This has a positive effect on product demand.

Due to its widespread use in both structural and non-structural construction applications, standard medium density fiberboard dominates the U.S. market. Standard MDF is expected to be in high demand due to its low price and durability.

The manufacturing of medium density fiberboard has been made possible by technological innovations and improvements to the production process. This board is durable and long-lasting. High-quality adhesion techniques using low formaldehyde resins like phenol-formaldehyde has led to product innovation in the industry.

Medium density fiberboard is actively working to reduce its dependence on naturally-derived wood fiber for raw material. Alternatives include rice, sugarcane bagasse and MDF that can be recycled. These alternative raw materials will be more economically viable and less harmful to the environment than traditional ones.

Medium density fiberboard can be used as a substitute for natural wood or wood-based panels like plywood and oriented-strand boards. It is also very affordable. Industry growth will be impeded by the availability of substitutes such as wood-plastic composites, glass and fiber for high-end applications.

Product Insights

The standard MDF segment was responsible for 80.5% of the overall revenue share in 2019. This is expected to increase at a CAGR 6.4% during the forecast period. The primary drivers of the segment are expected to be the growing product applications in construction and the furniture manufacturing sector.

Standard MDF can be painted to look like wood and can therefore be used as an alternative to wood. Because of their low cost, they are in high demand in furniture manufacturing. These factors will likely increase the demand for standard MDFs over the forecast period.

Standard MDFs can be damaged by moisture and damp. These products are not suitable for outdoor use. Manufacturers have created moisture-resistant MDFs using moisture repellent resins to overcome this problem.

Due to the growing emphasis worldwide on fire safety and reducing fatalities from fire, there has been an increase in demand for fire-rated furniture. The highest volume-based CAGR for fire-resistant MDF is 6.8%, which will be achieved by 2027.

Type Insights

The market leader in MDF type E1 was more than 78.0% of global revenue in 2019.E0 is a fast-growing medium density fiberboard. This type of medium density fiberboard uses Polymeric Methylene Diphenyl Diisocyanate resin (polymeric MDI). The E0 medium density fiberboard has zero formaldehyde levels during its lifecycle.

The primary driver of global demand for E0 medium density fiberboard panels is the adoption of strict formaldehyde emission standards in countries like the U.S.A., Canada and Japan. Due to its higher price, however, the product has not been as popular in emerging markets like India, China and Brazil.

E2 medium density fibreboard was the second largest type of medium density fibrousboard accounting for 15.4% total market revenue in 2019. The gradual adoption of strict formaldehyde emission norms around the globe will cause a slow erosion of market share in this segment over the forecast period.

The E1 medium density fiberboard boards use phenol-formaldehyde as a binding material. This medium density fiberboard emits approximately 90.0% less formaldehyde than E2 medium density fiberboard. The E1 MDF is expected to be popular due to its moderate pricing and growing demand from consumers for furniture with low formaldehyde.

Application Insights

With a 60.2% revenue share in 2019, furniture application dominated medium density fiberboard markets. This was mainly due to factors such as the replacement of wood with medium density fiberboard panels, extensive use in production residential and commercial furniture, and ready-to-assemble products.

Panels of medium density fiberboard are used extensively in the manufacture of furniture for homes, hotels, or workplaces. These panels can be carved to create attractive designs that add beauty and appeal to the spaces. These factors will drive furniture demand over the forecast period.

Over the next period, interior decoration will experience a revenue-based CAGR at 7.2%. Because of their fine carving abilities and durability, medium-density fiberboard is gaining popularity in interior decoration. These products can be used to make large-sized walling and decorative boards.

In order to attract more customers, the rise in commercial spaces such as hotels, restaurants, cafes and lodging spaces will likely increase demand for decorative materials. The demand for MDF-based decorative materials will rise due to rising interior decoration and renovation costs.

Regional Insights

Asia Pacific was the dominant market for MDF panels in 2019, accounting for 61.0% of the market. The forecast period will see an increase in construction spending in emerging markets to meet rising residential housing. China was the biggest consumer of MDF panels due to its high product penetration in construction and furniture manufacturing industries.

India's MDF demand is expected to grow at 11.8% CAGR over the forecast period. The rapid expansion of India's manufacturing capacity and growing demand for MDF products as an alternative to plywood, as well as the growth in the furniture manufacturing industry, are some of the factors expected to drive India's MDF demand.

Europe was the second largest market for medium density fibreboard, accounting for more than 20% of market revenue in 2019. The European market is expected to grow in the future due to increased product utilization in residential renovations and modular construction.

The Toxic Substances Control Act Title VI, Act 2017, effectively bans the production and use of E2 MDF in America. The high awareness of formaldehyde fumes among consumers is expected to increase the demand for E0 MDF in the U.S. The E0 segment will see a volume-based CAGR in the U.S. of 7.3% over the next period.

Market Share Insights & Key Companies

These players compete on the basis of product differentiation, price, and geographic reach. These players also focus on securing long-term supply of wood fibers to ensure uninterrupted production.

To sustain their businesses, the MDF industry's key players are actively involved in building a strong distribution network. Most manufacturers have their own distribution channels to lower the final product price. These players manage warehouses, distribution centers, retail shops, and other areas to deliver their products to end consumers. The market leader in medium density fiberboard is:

  • Kronospan Limited

  • EGGER Group

  • Nordbord Inc.

  • Kastamonu Entegre

  • ARAUCO

Up Market Research published a new report titled “Medium Density Fiberboard Market research report which is segmented by Application (Construction, Furniture), by Product (Moisture Resistant MDF, Standard MDF), By Players/Companies ARAUCO, Nordbord Inc, EGGER Group, Kronospan Limited, Kastamonu Entegre”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.


Report Scope

Report AttributesReport Details
Report TitleMedium Density Fiberboard Market Research Report
By ApplicationConstruction, Furniture
By ProductMoisture Resistant MDF, Standard MDF
By CompaniesARAUCO, Nordbord Inc, EGGER Group, Kronospan Limited, Kastamonu Entegre
Regions CoveredNorth America, Europe, APAC, Latin America, MEA
Base Year2020
Historical Year2018 to 2019 (Data from 2010 can be provided as per availability)
Forecast Year2028
Number of Pages250
Number of Tables & Figures175
Customization AvailableYes, the report can be customized as per your need.

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.


Global Medium Density Fiberboard Industry Outlook

Global Medium Density Fiberboard Market Report Segments:

The market is segmented by Application (Construction, Furniture), by Product (Moisture Resistant MDF, Standard MDF).

Medium Density Fiberboard Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.


Key Benefits for Industry Participants & Stakeholders:

  • Industry drivers, restraints, and opportunities covered in the study
  • Neutral perspective on the market performance
  • Recent industry trends and developments
  • Competitive landscape & strategies of key players
  • Potential & niche segments and regions exhibiting promising growth covered
  • Historical, current, and projected market size, in terms of value
  • In-depth analysis of the Medium Density Fiberboard Market

Overview of the regional outlook of the Medium Density Fiberboard Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.


Medium Density Fiberboard Market Overview

Highlights of The Medium Density Fiberboard Market Report:

  1. The market structure and projections for the coming years.
  2. Drivers, restraints, opportunities, and current trends of Medium Density Fiberboard Market.
  3. Historical data and forecast.
  4. Estimations for the forecast period 2028.
  5. Developments and trends in the market.
        6. By Application:

                1. Construction

                2. Furniture

        7. By Product:

                1. Moisture Resistant MDF

                2. Standard MDF

  1. Market scenario by region, sub-region, and country.
  2. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
  3. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
  4. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Medium Density Fiberboard Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.


How you may use our products:

  • Correctly Positioning New Products
  • Market Entry Strategies
  • Business Expansion Strategies
  • Consumer Insights
  • Understanding Competition Scenario
  • Product & Brand Management
  • Channel & Customer Management
  • Identifying Appropriate Advertising Appeals

Medium Density Fiberboard Market Trends

Reasons to Purchase the Medium Density Fiberboard Market Report:

  • The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
  • Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
  • Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
  • The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
  • Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Medium Density Fiberboard Market Overview
   4.1 Introduction 
      4.1.1 Market Taxonomy 
      4.1.2 Market Definition 
      4.1.3 Macro-Economic Factors Impacting the Market Growth 
   4.2 Medium Density Fiberboard Market Dynamics 
      4.2.1 Market Drivers 
      4.2.2 Market Restraints 
      4.2.3 Market Opportunity 
   4.3 Medium Density Fiberboard Market - Supply Chain Analysis 
      4.3.1 List of Key Suppliers 
      4.3.2 List of Key Distributors 
      4.3.3 List of Key Consumers 
   4.4 Key Forces Shaping the Medium Density Fiberboard Market 
      4.4.1 Bargaining Power of Suppliers 
      4.4.2 Bargaining Power of Buyers 
      4.4.3 Threat of Substitution 
      4.4.4 Threat of New Entrants 
      4.4.5 Competitive Rivalry 
   4.5 Global Medium Density Fiberboard Market Size & Forecast, 2018-2028 
      4.5.1 Medium Density Fiberboard Market Size and Y-o-Y Growth 
      4.5.2 Medium Density Fiberboard Market Absolute $ Opportunity 


Chapter 5 Global Medium Density Fiberboard Market Analysis and Forecast by Application
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities by Application
      5.1.2 Basis Point Share (BPS) Analysis by Application
      5.1.3 Absolute $ Opportunity Assessment by Application
   5.2 Medium Density Fiberboard Market Size Forecast by Application
      5.2.1 Construction
      5.2.2 Furniture
   5.3 Market Attractiveness Analysis by Application

Chapter 6 Global Medium Density Fiberboard Market Analysis and Forecast by Product
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities by Product
      6.1.2 Basis Point Share (BPS) Analysis by Product
      6.1.3 Absolute $ Opportunity Assessment by Product
   6.2 Medium Density Fiberboard Market Size Forecast by Product
      6.2.1 Moisture Resistant MDF
      6.2.2 Standard MDF
   6.3 Market Attractiveness Analysis by Product

Chapter 7 Global Medium Density Fiberboard Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Medium Density Fiberboard Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact 
   8.1 Introduction 
   8.2 Current & Future Impact Analysis 
   8.3 Economic Impact Analysis 
   8.4 Government Policies 
   8.5 Investment Scenario

Chapter 9 North America Medium Density Fiberboard Analysis and Forecast
   9.1 Introduction
   9.2 North America Medium Density Fiberboard Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Medium Density Fiberboard Market Size Forecast by Application
      9.6.1 Construction
      9.6.2 Furniture
   9.7 Basis Point Share (BPS) Analysis by Application 
   9.8 Absolute $ Opportunity Assessment by Application 
   9.9 Market Attractiveness Analysis by Application
   9.10 North America Medium Density Fiberboard Market Size Forecast by Product
      9.10.1 Moisture Resistant MDF
      9.10.2 Standard MDF
   9.11 Basis Point Share (BPS) Analysis by Product 
   9.12 Absolute $ Opportunity Assessment by Product 
   9.13 Market Attractiveness Analysis by Product

Chapter 10 Europe Medium Density Fiberboard Analysis and Forecast
   10.1 Introduction
   10.2 Europe Medium Density Fiberboard Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Medium Density Fiberboard Market Size Forecast by Application
      10.6.1 Construction
      10.6.2 Furniture
   10.7 Basis Point Share (BPS) Analysis by Application 
   10.8 Absolute $ Opportunity Assessment by Application 
   10.9 Market Attractiveness Analysis by Application
   10.10 Europe Medium Density Fiberboard Market Size Forecast by Product
      10.10.1 Moisture Resistant MDF
      10.10.2 Standard MDF
   10.11 Basis Point Share (BPS) Analysis by Product 
   10.12 Absolute $ Opportunity Assessment by Product 
   10.13 Market Attractiveness Analysis by Product

Chapter 11 Asia Pacific Medium Density Fiberboard Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Medium Density Fiberboard Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Medium Density Fiberboard Market Size Forecast by Application
      11.6.1 Construction
      11.6.2 Furniture
   11.7 Basis Point Share (BPS) Analysis by Application 
   11.8 Absolute $ Opportunity Assessment by Application 
   11.9 Market Attractiveness Analysis by Application
   11.10 Asia Pacific Medium Density Fiberboard Market Size Forecast by Product
      11.10.1 Moisture Resistant MDF
      11.10.2 Standard MDF
   11.11 Basis Point Share (BPS) Analysis by Product 
   11.12 Absolute $ Opportunity Assessment by Product 
   11.13 Market Attractiveness Analysis by Product

Chapter 12 Latin America Medium Density Fiberboard Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Medium Density Fiberboard Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Medium Density Fiberboard Market Size Forecast by Application
      12.6.1 Construction
      12.6.2 Furniture
   12.7 Basis Point Share (BPS) Analysis by Application 
   12.8 Absolute $ Opportunity Assessment by Application 
   12.9 Market Attractiveness Analysis by Application
   12.10 Latin America Medium Density Fiberboard Market Size Forecast by Product
      12.10.1 Moisture Resistant MDF
      12.10.2 Standard MDF
   12.11 Basis Point Share (BPS) Analysis by Product 
   12.12 Absolute $ Opportunity Assessment by Product 
   12.13 Market Attractiveness Analysis by Product

Chapter 13 Middle East & Africa (MEA) Medium Density Fiberboard Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Medium Density Fiberboard Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Medium Density Fiberboard Market Size Forecast by Application
      13.6.1 Construction
      13.6.2 Furniture
   13.7 Basis Point Share (BPS) Analysis by Application 
   13.8 Absolute $ Opportunity Assessment by Application 
   13.9 Market Attractiveness Analysis by Application
   13.10 Middle East & Africa (MEA) Medium Density Fiberboard Market Size Forecast by Product
      13.10.1 Moisture Resistant MDF
      13.10.2 Standard MDF
   13.11 Basis Point Share (BPS) Analysis by Product 
   13.12 Absolute $ Opportunity Assessment by Product 
   13.13 Market Attractiveness Analysis by Product

Chapter 14 Competition Landscape 
   14.1 Medium Density Fiberboard Market: Competitive Dashboard
   14.2 Global Medium Density Fiberboard Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy) 
      14.3.1 ARAUCO
      14.3.2 Nordbord Inc
      14.3.3 EGGER Group
      14.3.4 Kronospan Limited
      14.3.5 Kastamonu Entegre
Segments Covered in the Report
The global Medium Density Fiberboard market has been segmented based on

By Application
  • Construction
  • Furniture
By Product
  • Moisture Resistant MDF
  • Standard MDF
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key Players
  • ARAUCO
  • Nordbord Inc
  • EGGER Group
  • Kronospan Limited
  • Kastamonu Entegre

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