Medium Density Fiberboard (MDF) Market Forecasts to 2028 – Global Analysis By Product (Standard MDF, Moisture Resistant MDF and Fire Resistant MDF), Ingredient (Adhesives & Sealants, Coating Additives, Amino Resins, Dummy Urea Formaldehyde Resin, Paints

Medium Density Fiberboard (MDF) Market Forecasts to 2028 – Global Analysis By Product (Standard MDF, Moisture Resistant MDF and Fire Resistant MDF), Ingredient (Adhesives & Sealants, Coating Additives, Amino Resins, Dummy Urea Formaldehyde Resin, Paints & Coatings, Urea Formaldehyde Resin, Polyurethane Foams and Melamine Urea Formaldehyde Resin), Type (IE0 MDF, E1 MDF, E2 MDF, Monolayer and Multi-storey), Application(Furniture, Flooring, Molding, Door, & Millwork, Cabinet, Packaging System, Interior Decoration and Others), End Userand By GeographyAccording to Stratistics MRC, the Global Medium Density Fibreboard Market is accounted for $ 24.37 billion in 2022 and is expected to reach $ 40.50 billion by 2028 growing at a CAGR of 8.83% during the forecast period. The engineered wood product known as medium-density fiberboard (MDF) is made of wood fibres combined with wax and resin before being heated and crushed into flat panels. It is denser than plywood and does not swell or shrink in wet or humid conditions. When compared to other wood products, it also provides greater quality and is typically offered at a substantially lower price range. MDF is frequently used in a range of household and commercial projects, including flooring, furniture, cabinetry, ceiling moulding, and industrial packaging, as a result of these benefits.

According to the Associated General Contractors of America (AGC), COVID-19 impact has delayed or disrupted projects in the United States. Around 16% of the projects in the United States is 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 shortage of government workers, and 8% of the projects will be disrupted by an infected worker, who may have a potential to infect a worksite.

Market Dynamics:

Driver:

Shifting Demand from Plywood to Medium Density Fiberboard

MDF and plywood have both been widely used in the production of furniture such tables, sofas, beds, and library shelves since they both have similar qualities. When compared to plywood, MDF is substantially less expensive and has a smoother surface. These characteristics make this fiberboard a great substitute for plywood in applications where moisture and impact resistance are not the main requirements.

Restraint:

Emission of Formaldehyde to Limit its Utilization

Adhesives and resins with formaldehyde as a component are necessary for the manufacture of MDF. Large-scale formaldehyde exposure has been related to the development of cancer in humans, and as a result, restrictions have been put in place to prevent the use of fiberboard with a high formaldehyde content due to the formaldehyde emissions from these goods. For instance, the ANSI A208.2 regulation harmonises the formaldehyde emission restrictions from fiberboards. The U.S. Environmental Protection Agency (EPA) and the California Air Resources Board (CARB) have also issued regulations that limit the amount of formaldehyde that can be released from MDF panels to a maximum of 0.11 ppm. Such rules are anticipated to make the use of medium density fiberboards more difficult.

Opportunity:

Rising demand for furniture works

Increased use of interior design materials and a rise in demand for furniture pieces both contribute to market expansion. The business sector is seeing an increase in demand for furnishings as well as some of the construction-related activities.

Threat:

Lack of access to suitable raw resources

The development of the industry was hampered by the lack of suitable raw materials at the appropriate moment. The project's work has taken longer to complete due to the ongoing covid crisis.

Covid-19 Impact

The COVID-19 pandemic adversely affected the global medium density fiberboard market. In an effort to stop the virus from spreading, governments imposed severe lockdowns and social distance norms, forcing manufacturing enterprises to partially or totally shut down. This has led to decline in production, supply, and distribution which, in turn, reduced the demand for medium density fibreboard (MDF).

The moisture-resistant type segment is expected to be the largest during the forecast period

Based on the product, the market is classified into Standard MDF, Moisture Resistant MDF and Fire Resistant MDF. Due to its increasing use in interior designs, notably in the global office and hotel sectors, the moisture-resistant kind of medium density fiberboard is anticipated to have the largest impact on the market as a whole.

The furniture segment is expected to have the highest CAGR during the forecast period

Based on the application, the market is segmented into Furniture, Flooring, Molding, Door, & Millwork, Cabinet, Packaging System, Interior Decoration and Others. The furniture segment is captured to be more profitable and predicted to record a strong CAGR during the forecast period. Owing to the increasing deployment of MDF in the development of different types of furniture products.

Region with highest share:

Asia Pacific Medium Density Fibreboard is anticipated to hold the highest share during the forecast period. Owing to the rising residential housing costs in emerging nations is anticipated to play a significant role in driving demand for MDF panels in the construction sector. Due to the significant product penetration in the construction and furniture manufacturing industries, China was the largest buyer of MDF panels.

Region with highest CAGR:

The Asia Pacific Medium Density Fibreboard market is one of the fastest-growing regions and also records highest CAGR during the forecast period. The demand for MDF in India is anticipated to rise due to the rapid expansion of domestic manufacturing capacity, increasing product adoption as a viable alternative to plywood, and the expansion of the furniture manufacturing sector.

Key players in the market

Some of the key players profiled in the Medium Density Fibreboard Market include Duratex, Fantoni Spa, Greenpanel, M. Kaindl KG, VRG Dongwha, West Fraser Timber Co. Ltd. , Weyerhaeuser, Kronospan, Roseburg Forest Products, Unilin, Egger, Uniboard, Rushil Décor, Swiss Krono Group, Centuryply, Daiken Corporation, Kastamonu Entegre, Korosten MDF manufacture, Masisa SA (Grupo Nueva Company), ARAUCO

Key Developments:

In Feburary 2021, West Fraser Timber Co. Ltd. (“West Fraser”) and Norbord Inc. have jointly announced that they have completed the previously announced transaction whereby West Fraser has acquired all of the shares of Norbord.

In July 2019, ARAUCO signed an agreement to acquire Prime-Line Inc., a privately-held manufacturer of medium density fiberboard (MDF) molding and millwork products. The acquisition strengthened Arauco’s presence in the North American molding industry.

In January 2019, ARAUCO made an agreement for the purchase of MASISA’s industrial assets in Mexico, which involved two industrial complexes located in Durango and Zitácuaro.

Product Covered:
• Standard MDF
• Moisture Resistant MDF
• Fire Resistant MDF

Ingredient Mode Covered:
• Adhesives & Sealants
• Coating Additives
• Amino Resins
• Dummy Urea Formaldehyde Resin
• Paints & Coatings
• Urea Formaldehyde Resin
• Polyurethane Foams
• Melamine Urea Formaldehyde Resin

Type Covered:
• E0 MDF
• E1 MDF
• E2 MDF
• Monolayer
• Multi-storey

Application Covered:
• Furniture
• Flooring
• Molding, Door, & Millwork
• Cabinet
• Packaging System
• Interior Decoration
• Other Applications

End User Covered:
• Commercial
• Residential
• Institutional

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

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