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Medium Density Fiberboard Market Trends

Report ID: GMI5726
Published Date: May 2023
Report Format: PDF

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Medium Density Fiberboard Business Trends

With the rising shift towards home decor, innovative house design concepts are becoming more popular, which has increased demand for MDF furniture and has offered potential growth prospects to MDF market players that are developing new types of solutions to meet customer needs. The rising trend of remote working has increased the demand for home office furniture. Additionally, machine and technology modernization will foster the segment outlook.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of medium density fiberboard was valued at over USD 47 billion in 2022 and is estimated to register around 6.5% CAGR through 2032 owing to the growing preference for modular furniture.

The furniture segment generated more than USD 22.5 billion in 2022 and is set to gain traction through 2032 owing to the growing demand for cost-effective furniture.

The North America market for medium density fiberboard exceeded USD 7.5 billion in 2022 and is poised to record robust growth from 2023 to 2032. This regional growth is attributed to the increasing investments in the construction and development of IT and business parks.

Kastamonu Entegre, Nordbord Inc., Century Plyboards (India) Limited, Greenply Industries, Georgia-Pacific, Egger Group, Kronospan Limited, TRENOX Laminates, Evergreen Fiberboard Birhade, and ARAUCO