Asia-Pacific Medium-Density Fiberboard (Mdf) Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The Asia-Pacific medium-density fiberboard market (MDF) is expected to register a CAGR of over 4% during the forecast period.
Due to the COVID-19 outbreak in the first half of 2020, the major end-user segments, such as residential, commercial, and institutional, were significantly affected because their operation shut down. It, in turn, has unfavorably impacted the consumption of the MDF in the Asia-Pacific. In mid-2020, most medium-density fibreboard manufacturers were slowly returning to the growth path. Rising awareness and acceptance of MDF as a wood panel product will likely lead to industry growth.
Key HighlightsThe Asia-Pacific medium-density fiberboard market is fragmented in nature. Some of the major players in the market include Kastamonu Entegre, Dare Wood-Based Panels Group Co. Ltd, EGGER Group, DAIKIN CORPORATION, and WEST FRASER TIMBER CO. LTD, among others.
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