Global Melamine Faced Chipboard (MFC) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Melamine Faced Chipboard (MFC) Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

MFC stands for Melamine Faced Chipboard. Chipboard is an engineered wood product made from woodchips and resin. Melamine is a thermosetting plastic that is applied to paper (the paper can be printed with a pattern to make it look like wood).

Melamine-faced chipboard can be used in a multitude of applications, but most frequently MFC is used to create furniture as a result of the sheet being relatively inexpensive and safer to work with than Melamine MDF.

Market Overview:

The latest research study on the global Melamine Faced Chipboard (MFC) market finds that the global Melamine Faced Chipboard (MFC) market reached a value of USD 7098.02 million in 2022. It’s expected that the market will achieve USD 10925.86 million by 2028, exhibiting a CAGR of 7.45% during the forecast period.

Growing demand of downstream field

Melamine faced chipboard has countless uses, from household furniture to commercial use. According to World Bank data, about 55% of the world's population (4.2 billion people) live in cities. This trend is expected to continue. By 2050, 7/10 people in the world will live in cities, because the urban population will be more than twice the current population. With the acceleration of urbanization, the demand for Melamine Faced Chipboard (MFC) will increase when residents buy houses and update houses.

The trend of sustainable development

With the extensive use of natural resources, a large number of reports on negative impacts on the earth and communities, and information provided by social media and mobile applications, consumers' understanding and awareness of sustainable development issues are constantly increasing. The enhancement of consumers' awareness leads to the increased demand for product sustainability. The trend of sustainable development will increase the demand for Melamine Faced Chipboard (MFC).

Fluctuation of raw material prices

Melamine Faced Chipboard's raw materials are mainly substrate (chipboard), melamine resin and other chemical raw materials. The cost of raw materials accounts for a large proportion of the total cost. The fluctuation of raw material price will directly affect the cost of raw materials. The price of raw materials rises, and the cost of enterprises increases. The price of raw materials decreases, and the cost of enterprises decreases.

Region Overview:

In 2021, the share of the Melamine Faced Chipboard (MFC) market in Europe stood at 45.46%.

Company Overview:

Egger
The company has worldwide customers in the furniture industry, wood and flooring retailers, as well as DIY markets. EGGER products are found in countless areas of private and public life, including kitchens, bathrooms, bedrooms, offices, hotels and shops.

Kronospan

Kronospan is one of the world's leading manufacturers of wood-based panels and value-added products for the interior design, furniture, and construction industries.

Segmentation Overview:

Among different product types, Thickness:18-25 mm segment is anticipated to contribute the largest market share in 2027.

Application Overview:

The market's largest segment by application is the segment Residential, with a market share of 63.77% in 2021.

Key Companies in the global Melamine Faced Chipboard (MFC) market covered in Chapter 3:

Egger
Pfleiderer
HeveaBoard
Kronospan
Premier Forest Products
An Cuong Wood Working
Saviola Group
Finsa
Unilin
Kastamonu
Starwood
Greenlam Laminates
METRO Group
SM 'art
Sonae Arauco

In Chapter 4 and Chapter 14.2, on the basis of types, the Melamine Faced Chipboard (MFC) market from 2018 to 2029 is primarily split into:

Thickness:Below 18 mm
Thickness:18-25 mm
Thickness:Above 25 mm

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Melamine Faced Chipboard (MFC) market from 2018 to 2029 covers:

Residential
Commercial
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)