Medium Density Fiberboard (MDF) Panels Market Scope
Medium Density Fiberboard is an engineered wood material, manufactured by converting the hardwood into softwood using a wide range of process and combines it by using resin binder or wax to form panels. The main advantages of the medium density fiberboard are low cost, save trees as it can be recyclable, best suitable for manufacturing decorative products, low weight, and others. Additionally, growing demand from the construction sector and increasing use of medium density fiberboard for manufacturing furniture products is fueling the market. However, treat of substitute for medium density and furniture made by medium density fiberboard is not long lasting as medium density fiberboard is weaker than wood are the major limiting factor in the operating market
According to AMA, the Global Medium Density Fiberboard (MDF) Panels market is expected to see growth rate of 4.62%The Vendors having a strong hold in the market are Kronospan M&P Kaindl, Celulosa Arauco y Constitución, Duratex SA, Swiss Krono Group, Nelson. Research Analyst at AMA estimates that European Vendors will contribute to the maximum growth of Global Medium Density Fiberboard (MDF) Panels market throughout the predicted period.
Kronospan M&P Kaindl (Austria), Celulosa Arauco y Constitución (Chile), Duratex SA (Brazil), Swiss Krono Group (Switzerland), Nelson Pine Industries Ltd (New Zealand), MASISA (Chile), Sonae Industria (Portugal), kastamonu Entegre (Turkey), Yildiz Integrated Wood Industry and Trade Inc. (Turkey) and Egger (Austria) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Pfleiderer (Germany), Norbord Inc. (Canada) and Dongwha Enterprise Co Ltd (South Korea).
Segmentation Overview
The study have segmented the market of Global Medium Density Fiberboard (MDF) Panels market by Type (Fire-retardant MDF, Moisture Resistant MDF and General MDF), by Application (Construction, Furniture, Interior Decoration, Packaging and Others) and Region with country level break-up.
On the basis of geography, the market of Medium Density Fiberboard (MDF) Panels has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Rising Trend for Superior Grade Medium Density Fiberboard is More Stable than Solid Wood
Market Growth Drivers:
Increasing Demand form Rapidly Growing Construction Sector in the Asian Countries and Growing Use of Medium Density Fiberboard in the Production of window panels, doors, and Other Type of furniture
Challenges:
Furniture Made by Medium Density Fiberboard is not Long Lasting as Medium Density Fiberboard is Weaker than Wood and Crack or Split Occur under Extreme Stress
Restraints:
High Treat of Substitute for Medium Density Fiberboard and Fluctuation in the Prices of Raw Material
Opportunities:
Growing Requirement for Medium Density Fiberboard due to Increasing Urbanization across the Globe, Increasing Disposal Income, and Change Life Style, Demands High-Quality Decorative Products and Rising Technological Advancement and Adoption of New Manufacturing Processes of Medium Density Fiberboard
Market Leaders and their Expansionary Development Strategies
On June 2019, Duratex (a leading building materials producer) has announced its competition of new acquisition. The company had acquired Cecrisa Revestimentos Cerâmicos (ceramic tile manufacturer) in approximately USD 139 million.
On January 23, 2018, Rushil Décor has announced new investment for medium density fiberboard plant in India. The new plant will be located at Atchutapuram, Andhra Pradesh and increase the production capacity by 760 m³ on a daily basis.
Key Target Audience
Medium Density Fiberboard Manufacturers, Raw Material Suppliers, Suppliers and Distributors, Government Associations and Agencies, Private Research Organizations, Potential Investors and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.