Medium Density Fiberboard (Mdf) Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)
The global medium-density fiberboard (MDF) market is estimated to reach over 110 million cubic meters by the end of this year. It is expected to grow with a CAGR of over 3.5% during the forecast period.
COVID-19 negatively impacted the market in 2020. According to the Associated General Contractors of America (AGC), COVID-19 impact has delayed or disrupted projects in United States. Around 16% of the projects in United States are likely to experience a shortage of materials, equipment, or parts; 11% of the projects will see a shortage of craft workers, including subcontractors, 18% of the projects will witness a lack of government workers, and 8% of the projects will be disrupted by an infected worker, who may have a potential to infect a worksite.
Key HighlightsThe medium-density fiberboard (MDF) market is highly fragmented in nature. The major players include Kronoplus Limited, ARAUCO, SWISS KRONO Group, Kastamonu Entegre, and Dexco, among others (not in any particular order).
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