The new report by Expert Market Research titled, ‘Global Medium-Density Fibreboard (MDF) Market Size, Share, Price, Trends, Growth, Report and Forecast 2020-2025’, gives an in-depth analysis of the global medium-density fibreboard (MDF) market, assessing the market based on its segments like sectors, applications, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
Get a Free Sample Report with Table of Contents – https://www.expertmarketresearch.com/reports/medium-density-fibreboard-market-report/requestsample
Note 1: For a snapshot of the primary and secondary data of the market (2015-2025), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.
The key highlights of the report include:
Market Overview (2015-2025)
• Historical Market Size (2019): USD 24 billion
• Forecast CAGR (2020-2025): 8.64%
• Forecast Market Size (2025): USD 40 billion
The medium-density fibreboard (MDF) market is expected to be driven by the steady growth of the construction industry, especially in the Asia Pacific region, where emerging countries like China and India are seeing a substantial rate of increase in construction activities. Another factor driving the construction sector is the increase in the construction of single-family houses. As MDF is cheaper and smoother than other wood products while retaining strength and structural properties, the shift from hardwood and softwood products to MDF is expected to continue. Its improved customisation abilities over traditional wood materials have led it to be driven by a wide variety of products within the industry.
Read Full Report with Table of Contents – https://www.expertmarketresearch.com/reports/medium-density-fibreboard-market-report
Industry Definition and Major Segments
Medium-density fibreboard (MDF) refers to an engineered wood product, which is manufactured by the breaking down of hardwood and softwood residues. The wood fibres obtained are then merged together via wax and resin to form a composite wood substance. This can be made into panels under high pressure at a high temperature. The product is more consistent in shape and size than regular woods and, thus, can be easily shaped and veneered.
The sectors of the global medium-density fibreboard market are:
• New Construction
The major application sectors of medium-density fibreboard include:
The major regions of the market are:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
As medium-density fibreboard (MDF) is mostly manufactured via renewable and sustainably-sourced wood, it is becoming increasingly popular as an eco-friendly option in construction activities. Its customisation abilities allow it to be used in an efficient manner, minimising wastage of materials. The growth of the green building segment is driving the use of MDF in construction activities.
Daiken Corporation (TSE: 7905) launched a new product line of MDF in 2015 called TEKWOOD-A, made using wood from the acacia tree. In 2018, Daiken acquired Dongwha, a manufacturer and supplier of MDF in New Zealand, and established DAIKEN SOUTHLAND LIMITED to increase its presence in the region. This reflects the growing market demand in New Zealand and Australia. The increased R&D activities by Daiken in this segment are also expected to boost the industry growth.
Key Market Players
The major players in the market are DAIKEN CORPORATION (TYO: 7905), Dongwha Group (KOSDAQ: 025900), Arauco, Kronoplus Limited, and Duratex (BVMF: DTEX3), among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
Glue-Laminated Timber (Glulam) Market: https://www.expertmarketresearch.com/reports/glue-laminated-timber-glulam-market
Laminated Veneer Lumber Market: https://www.expertmarketresearch.com/reports/laminated-veneer-lumber-market
Saudi Arabia Prefabricated Building and Structural Steel Market: https://www.expertmarketresearch.com/reports/saudi-arabia-prefabricated-building-and-structural-steel-market
Advanced Phase Change Materials Market: https://www.expertmarketresearch.com/reports/advanced-phase-change-materials-market
North America Cross Laminated Timber Market: https://www.expertmarketresearch.com/reports/north-america-cross-laminated-timber-market
Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.
At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.
We also provide state-of-the-art procurement intelligence through our platform, https://www.procurementresource.com. Procurement Resource is a leading platform for digital procurement solutions, offering daily price tracking, market intelligence, supply chain intelligence, procurement analytics, and category insights through our thoroughly researched and infallible market reports, production cost reports, price analysis, and benchmarking.
Informes de Expertos (https://informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin America and Spain markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.
Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.