The global Medium Density Fiberboard market is likely to exhibit notable growth over the forecast period on account of rapidly expanding building and construction industry, particularly in Asia Pacific. Rising application in the production of doors, window panels, and furniture is expected to drive the medium density fiberboard industry further during the forecast period. MDF is manufactured using residual softwood and hardwood fibers which results in the production of homogeneous board with little rings, grains, or splinters. As a result, the product finds extensive use as a veneer substrate. Medium density fiberboard comprise cellulosic fibers usually bonded using a synthetic resin and are joined using pressure and heat.
In addition, certain MDF products also opt for the use of additives to impart auxiliary characteristics. Medium density fiberboard provides a homogeneous density profile that allows incorporation of precise and intricate finishing leading to a high-quality end products Furthermore, MDF provides superior strength and stability to the structures due to its high density structure, which leads to a high product consumption. Growing usage of recycled wood fibers for the production of MDF is expected to emerge as one of the promising trends propelling the medium density fiberboard panels market growth. In addition, increase usage of low emission adhesives and resins also results in a heightened demand for the product. Thus, rise in the production of eco-friendly MDF products is expected to drive the industry in near future.
Incorporation of recycled wood products in the production of MDF is projected to fuel the product usage, mainly in Europe and North America on account of growing consumer awareness regarding eco-friendly products. The medium density fiberboard panels industry can be segmented on the basis of product into moisture-resistant, standard, and other MDF products such as fire-retardant MDF. Increasing demand for moisture-resistant MDF in residential and commercial sectors for kitchen furniture, bathroom doors, and other spaces exposed to moisture, is expected to drive the growth over the estimated period.
The global MDF market for medium density fiberboard can be segmented on the basis of application into furniture and construction. The furniture segment is expected to register notable growth on account of increasing urbanization in developing regions, such as Asia Pacific. Medium density fiberboards are used for the manufacturing of cabinets, tables, and other furniture products. Demand from construction industry is expected to witness a significant rise in the years to come due to growing residential construction activities in countries, such as U.S., China, and India. In addition, remarkable GDP growth of the economies in Asia Pacific is also expected to emerge as a major industry driver. China is one of the major regional markets for MDF due to growing construction industry.
Implementation of the China Western Development Program (CWDP) and other similar initiatives is also expected to drive the market in near future. In addition, increased consumers disposable income levels coupled with expanding housing renovation industry are estimated to boost the MDF panels market growth. The presence of a number of companies in Europe is likely to augment the regional market development. High demand for MDF-based products by the construction industry is also expected to spur the regional industry growth. The market is characterized by the presence of a number of manufacturers in China, India, and Turkey on account of abundance of raw materials.
Companies in this market are involved in the production of high-quality products. Some of the key companies in the medium density fiberboard market include Kronospan, Greenply Industries Limited, Korosten MDF Manufacture, Roseburg, Fritz Egger GmbH, and Finsa.
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