MDF Decorative Overlays Market Size

MDF Decorative Overlays Market Size

MDF decorative overlays market size was USD 339.0 million in 2020 and will grow at a CAGR of 5.7% from 2021 to 2027. Total market consumption will grow by 4.4% CAGR in terms of volume to reach 208 million square meters by 2027. Rising construction activities in the emerging economies along with increasing disposable income of people will drive the industry development by 2027.

3D Laminate and 2D laminate decorative overlays are applied on the surface of MDF owing to their key characteristics of excellent gloss and availability in a wide range of colors & sizes. These products enhance the aesthetic properties of MDF-based furniture, cabinetry, doors, etc.

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Another key growth enabling factor is growing furniture demand around the globe. The furniture industry is expediting at a decent rate in the global MDF decorative overlays market, which can be attributed to the rising consumer expenditure on aesthetically appealing housing. The commercial & residential furniture industry is rapidly growing in developed countries owing to increasing construction output in the U.S., the UK, China, Germany, etc.

North America office furniture market value reached USD 15.80 billion in 2019, which was 4% higher than the previous year. Similarly, the UK furniture sector reported total consumer expenditure at around USD 22.61 billion (GBP 17 billion) in 2018, which was 10.5% higher than 2017. Such trends are promoting the usage of decorative surfacing materials in the U.S. and European countries, which will further enhance product penetration in the long run.