According to the latest report by IMARC Group, titled “Particle Board Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global particle board market reached a value of US$ 21.3 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 26.9 Billion by 2027, exhibiting a CAGR of 3.9% during 2022-2027.
Particle board, otherwise called low-density fiberboard (LDF), is an engineered wood made using a mixture of sawdust, sawmill shavings, timber chips, and synthetic resin. It is extensively available in various densities, sizes, the geometry of particles, and the amount of adhesive used. Particle boards are easy to install, lightweight, affordable, environment-friendly, and high in density and uniformity. As a result, they find widespread applications in making home furniture, such as bookcases, doors, kitchen cabinets, windows, wall and floor coverings, etc., in the commercial and residential sectors across the globe.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
The rising construction of homes, on account of the escalating urbanization and global population levels, is among the primary factors driving the particle board market. Besides this, the elevating product demand in commercial establishments for enhanced aesthetics, owing to the increasing working professionals and the emerging trend of modern offices, is further augmenting the market growth. Moreover, the growing popularity of particle boards in concert venues and recording studios as they can easily be painted, laminated, wallpapered, and have remarkable sound-absorbing properties is also catalyzing the global market. Apart from this, the impelling need for low-density fiberboard (LDF) in sports and outdoor events is acting as another significant growth-inducing factor. Furthermore, the launch of innovative product variants using raw materials derived from crop plants, including rice, cotton gin, banana, wheat, barley, coir, kenaf, etc., to improve the intrinsic qualities is anticipated to propel the particle board market over the forecasted period.
Particle Board Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global particle board market has been studied in the report with the detailed profiles of the key players operating in the market.
Some Of These Key Players Include:
- Kastamonu Entegre
- Roseburg Forest Products Co.
- Norbord Inc.
- Boise Cascade Company
- Columbia Forest Products, Inc.
Key Market Segmentation:
The report has segmented the global particle board market on the basis of sector, application and region.
Breakup by Sector:
- New Construction
Breakup by Region:
- Asia Pacific
- North America
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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