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Report
Medium-Density Fibreboard (MDF) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-05-29 I 144 Pages I IMARC Group
Market Overview:
The global medium-density fibreboard market size reached US$ 24.0 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 35.4 Billion by 2028, exhibiting a growth rate (CAGR) of 6.6% during 2023-2028. The considerable growth in building and construction industry, increasing investments in interior decoration, renovation, and remodeling activities, and the rapid utilization of MDF in numerous packaging applications represent some of the key factors driving the market.
The Considerable Growth in Building and Construction Industry is Augmenting the Market Growth
The market for medium-density fibreboard (MDF) has been experiencing continuous growth. The building and construction industry is a primary driver of this market. MDF is a versatile material that is extensively used in the construction of residential and commercial buildings, as it offers superior dimensional stability, resistance to moisture and insects, and durability compared to traditional wood. In residential construction, MDF is commonly used for manufacturing interior and exterior doors, window frames, decorative trim, baseboards, and crown molding. Whereas in commercial buildings, MDF is frequently utilized for office partitions, wall cladding, and false ceilings. Moreover, the increasing emphasis on environmentally conscious green building practices has resulted in the widespread adoption of MDF products as a sustainable and eco-friendly alternative to conventional wood products.
The Rapid Utilization of MDF in Packaging Applications is Stimulating the Market Growth
The rapid adoption of medium-density fibreboard (MDF) packaging in transportation and logistics is another significant growth-inducing factor for the market. The superior dimensional stability, strength, and durability of MDF have made it a material of choice in the packaging industry for manufacturing pallets, crates, and boxes to transport goods safely and protect commodities during transit. MDF crates and boxes are utilized in transporting fragile as well as heavy goods such as glass, electronics, machinery, and furniture since they offer better protection and are more durable and moisture-resistant than traditional wood crates and boxes. In addition, the flourishing e-commerce and cross-border trade have increased the demand for efficient and sturdy packaging solutions, further strengthening the need for MDF products in the packaging industry.
Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. The market structure is fragmented with consists of a huge volume of small, medium and large players, hence the degree of competition in the industry is fierce. The volume of new entrants is moderate in the medium-density fibreboard industry due to the presence of low product differentiation and switching cost, as well as high economy of scale.
What is Medium-Density Fibreboard?
Medium-density fibreboard (MDF) is an engineered wood product that comprises of cellulosic fibre, synthetic resin, and wax, compressed into flat panels. The manufacturing process involves mixing the wood fibres with resin and wax, then subjecting the mixture to high temperature and pressure to form a dense, uniform panel. It has a homogenous density structure and a smooth and flat surface free of grain and knot patterns, making it an ideal material for the manufacturing of furniture, cabinets, door parts, flooring, and moldings. Some of the advantages of MDF include higher density than plywood, does not expand or contract in humid or moist weather, contains no voids, is easier to work with, is more suitable for precise cuts and shaping, and delivers sharp edges. In addition to this, MDF is available at a significantly lower price point than other wood products. As a result, it is extensively utilized in a wide range of residential and commercial projects.
Medium-Density Fibreboard Market Trends:
The global MDF market is primarily driven by rising investments in interior decoration, renovation, and remodeling activities across the globe. This can be attributed to the emerging trend of aesthetically pleasing furniture and interiors. In line with this, the escalating demand for ready-to-assemble (RTA) furniture following the latest trends is creating lucrative growth opportunities in the market. Moreover, an enhanced focus on sustainable development leading to higher investments in eco-friendly MDF production using recycled wood is providing an impetus to the market. Continual product innovations, such as the development of MDF using rice and sugarcane bagasse are also creating a positive market outlook. With the rise of cross-border trading and e-commerce logistics, the demand for MDF packaging materials to ensure safe and secure goods transportation is increasing. The market is further driven by the rising demand for modular kitchens, particularly in the developing countries. Apart from this, the growing adoption of MDF for sound deadening and insulation applications due to its excellent acoustic properties in the automotive industry is impacting the market positively. Furthermore, numerous government regulations and guidelines aimed at reducing the use of traditional wood products is augmenting the demand for eco-friendly wood alternatives, which is propelling the market. Some of the other factors contributing to the market include rapid urbanization and industrialization, inflating disposable income levels, and extensive research and development (R&D) activities.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global medium-density fibreboard market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on residential and commercial applications, and new construction and replacement applications.
Residential and Commercial Applications Insights:
Residential
Commercial
The report has provided a detailed breakup and analysis of the medium-density fibreboard market based on the residential and commercial applications. This includes cold medium-density fibreboard and hot medium-density fibreboard. According to the report, residential applications represented the largest segment due to the rising demand for lightweight and effective alternatives for solid wood and plywood for embossing and furniture panels. In addition, the demand for medium-density fibreboard in the residential sector has been largely influenced by the increasing trend of aesthetically designed interiors and furniture.
New Construction and Replacement Applications Insights:
New Construction
Replacement Application
A detailed breakup and analysis of the medium-density fibreboard market based on the new construction and replacement applications has also been provided in the report. This includes new construction and replacement application. According to the report, new construction accounted for the largest market share due to the considerable growth in the construction and real estate industries across the globe. Moreover, growing investments for infrastructural development projects and remodeling activities are also fueling the segment growth.
Regional Insights:
Asia Pacific
Europe
North America
Latin America
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include Asia Pacific, Europe, North America, Latin America, and the Middle East and Africa. According to the report, Asia Pacific was the largest market for medium-density fibreboard. Some of the factors driving the Asia Pacific medium-density fibreboard market included the considerable rise in construction and renovation activities across the region, the emerging trend of aesthetically pleasing interiors and furnitures, rapid utilization of hydrophobic resin in the fabrication of MDF to create leakage-proof structures, and the growing popularity of ready-to-assemble (RTA) furnitures.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global medium-density fibreboard market. Some of the companies covered in the report include:
Dynea AS
M. Kaindl OG / Kaindl Flooring GmbH
Sonae Arauco
Duratex
Please note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
What was the global medium-density fibreboard market size in 2022?
What will be the global medium-density fibreboard market outlook during the forecast period (2023-2028)?
What are the global medium-density fibreboard market drivers?
What are the major trends in the global medium-density fibreboard market?
What is the impact of COVID-19 on the global medium-density fibreboard market?
What is the global medium-density fibreboard market breakup by application?
What is the global medium-density fibreboard market breakup by construction?
What are the major regions in the global medium-density fibreboard market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Engineered Wood Industry
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Price Trends
5.4 Market Breakup by Product Type
5.5 Market Breakup by Application
5.6 Market Breakup by Region
5.7 Market Forecast
6 Global Medium-Density Fibre Board Market
6.1 Market Overview
6.2 Market Performance
6.2.1 Volume Trends
6.2.2 Value Trends
6.3 Impact of COVID-19
6.4 Price Analysis
6.4.1 Key Price Indicators
6.4.2 Price Structure
6.4.3 Price Trends
6.5 Market Breakup by Region
6.6 Market Breakup by Residential and Commercial Applications
6.7 Market Breakup by New Construction and Replacement Applications
6.8 Market Forecast
6.9 SWOT Analysis
6.9.1 Overview
6.9.2 Strengths
6.9.3 Weaknesses
6.9.4 Opportunities
6.9.5 Threats
6.10 Value Chain Analysis
6.10.1 Overview
6.10.2 Forest Growers
6.10.3 Sawmills
6.10.4 Medium Density Fibreboard (MDF) Manufacturers
6.10.5 Distributors
6.10.6 Exporters
6.10.7 End Users
6.11 Porter's Five Forces Analysis
6.11.1 Overview
6.11.2 Bargaining Power of Buyers
6.11.3 Bargaining Power of Suppliers
6.11.4 Degree of Rivalry
6.11.5 Threat of New Entrants
6.11.6 Threat of Substitutes
6.12 Key Market Drivers and Success Factors
7 Market Breakup by Region
7.1 Asia Pacific
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Europe
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 North America
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Latin America
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Middle East and Africa
7.5.1 Market Trends
7.5.2 Market Forecast
8 Market Breakup by Residential and Commercial Applications
8.1 Residential
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Commercial
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by New Construction and Replacement Applications
9.1 New Construction
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Replacement
9.2.1 Market Trends
9.2.2 Market Forecast
10 Competitive Landscape
10.1 Competitive Structure
10.2 Key Players Capacities
11 Medium-Density Fibreboard (MDF) Manufacturing Process
11.1 Product Overview
11.2 Detailed Process Flow
11.3 Various Types of Unit Operations Involved
11.4 Mass Balance and Raw Material Requirements
12 Project Details, Requirements and Costs Involved
12.1 Land Requirements and Expenditures
12.2 Construction Requirements and Expenditures
12.3 Plant Machinery
12.4 Machinery Pictures
12.5 Raw Material Requirements and Expenditures
12.6 Raw Material and Final Product Pictures
12.7 Packaging Requirements and Expenditures
12.8 Transportation Requirements and Expenditures
12.9 Utilities Requirements and Expenditures
12.10 Manpower Requirements and Expenditures
12.11 Other Capital Investments
13 Loans and Financial Assistance
14 Project Economics
14.1 Capital Cost of the Project
14.2 Techno-Economic Parameters
14.3 Product Pricing and Margins Across Various Levels of the Supply Chain
14.4 Income Projections
14.5 Expenditure Projections
14.6 Taxation and Depreciation
14.7 Financial Analysis
14.8 Profit Analysis
15 Key Player Profiles
Figure 1: Global: Medium-Density Fibreboard Industry: Major Drivers and Challenges
Figure 2: Global: Engineered Wood Market: Volume Trends (in Million Cubic Metre), 2017-2022
Figure 3: Global: Engineered Wood Market: Value Trends (in Billion US$), 2017-2022
Figure 4: Global: Engineered Wood Market: Average Prices (in US$/Cubic Metre), 2017-2022
Figure 5: Global: Engineered Wood Market: Breakup by Product Type (in %), 2022
Figure 6: Global: Engineered Wood Market: Breakup by Application (in %), 2022
Figure 7: Global: Engineered Wood Market: Production Breakup by Region (in %), 2022
Figure 8: Global: Engineered Wood Market Forecast: Volume Trends (in Million Cubic Metre), 2023-2028
Figure 9: Global: Engineered Wood Market Forecast: Value Trends (in Billion US$), 2023-2028
Figure 10: Global: Engineered Wood Market Forecast: Average Prices (in US$/Cubic Metre), 2023-2028
Figure 11: Global: Medium-Density Fibreboard Market: Production Volume (in Million Cubic Metre), 2017-2022
Figure 12: Global: Medium-Density Fibreboard Market: Production Value (in Billion US$), 2017-2022
Figure 13: Medium-Density Fibreboard Market: Price Structure
Figure 14: Global: Medium-Density Fibreboard Market: Average Prices (in US$/Cubic Metre), 2017-2022
Figure 15: Global: Medium-Density Fibreboard Market Forecast: Average Prices (in US$/Cubic Metre), 2023-2028
Figure 16: Global: Medium-Density Fibreboard Market: Production Breakup by Region (in %), 2022
Figure 17: Global: Medium-Density Fibreboard Market: Breakup by Residential and Commercial Applications (in %), 2022
Figure 18: Global: Medium-Density Fibreboard Market: Breakup by New Construction and Replacement Applications (in %), 2022
Figure 19: Global: Medium-Density Fibreboard Market Forecast: Production Volume (in Million Cubic Metre), 2023-2028
Figure 20: Global: Medium-Density Fibreboard Market Forecast: Production Value (in Billion US$), 2023-2028
Figure 21: Global: Medium-Density Fibreboard Industry: SWOT Analysis
Figure 22: Global: Medium-Density Fibreboard Industry: Value Chain Analysis
Figure 23: Global: Medium-Density Fibreboard Industry: Porter's Five Forces Analysis
Figure 24: Asia-pacific: Medium-Density Fibre Board Market: Production Volume (in Million Cubic Metres), 2017 & 2022
Figure 25: Asia-pacific: Medium-Density Fibre Board Market Forecast: Production Volume (in Million Cubic Metres), 2023-2028
Figure 26: Europe: Medium-Density Fibre Board Market: Production Volume (in Million Cubic Metres), 2017 & 2022
Figure 27: Europe: Medium-Density Fibre Board Market Forecast: Production Volume (in Million Cubic Metres), 2023-2028
Figure 28: North America: Medium-Density Fibre Board Market: Production Volume (in Million Cubic Metres), 2017 & 2022
Figure 29: North America: Medium-Density Fibre Board Market Forecast: Production Volume (in Million Cubic Metres), 2023-2028
Figure 30: Latin America: Medium-Density Fibre Board Market: Production Volume (in Million Cubic Metres), 2017 & 2022
Figure 31: Latin America: Medium-Density Fibre Board Market Forecast: Production Volume (in Million Cubic Metres), 2023-2028
Figure 32: Middle East and Africa: Medium-Density Fibre Board Market: Production Volume (in Million Cubic Metres), 2017 & 2022
Figure 33: Middle East and Africa: Medium-Density Fibre Board Market Forecast: Production Volume (in Million Cubic Metres), 2023-2028
Figure 34: Global: Medium-Density Fibre Board Market (Residential Applications): Production Volume (in Million Cubic Metres), 2017 & 2022
Figure 35: Global: Medium-Density Fibre Board Market Forecast (Residential Applications): Production Volume (in Million Cubic Metres), 2023-2028
Figure 36: Global: Medium-Density Fibre Board Market (Commercial Applications): Production Volume (in Million Cubic Metres), 2017 & 2022
Figure 37: Global: Medium-Density Fibre Board Market Forecast (Commercial Applications): Production Volume (in Million Cubic Metres), 2023-2028
Figure 38: Global: Medium-Density Fibre Board Market (New Construction Applications): Production Volume (in Million Cubic Metres), 2017 & 2022
Figure 39: Global: Medium-Density Fibre Board Market Forecast (New Construction Applications): Production Volume (in Million Cubic Metres), 2023-2028
Figure 40: Global: Medium-Density Fibre Board Market (Replacement Applications): Production Volume (in Million Cubic Metres), 2017 & 2022
Figure 41: Global: Medium-Density Fibre Board Market Forecast (Replacement Applications): Production Volume (in Million Cubic Metres), 2023-2028
Figure 42: Medium-Density Fibreboard Manufacturing Plant: Detailed Process Flow
Figure 43: Medium-Density Fibreboard Manufacturing: Conversion Rates of Feedstocks
Figure 44: Medium-Density Fibre board Manufacturing Plant: Breakup of Capital Costs (in %)
Figure 45: Medium-Density Fibreboard Industry: Margins Across Various Stages of the Supply Chain
Figure 46: Medium-Density Fibre Board Production: Manufacturing Cost Breakup (in %)
Table 1: Global: Engineered Wood Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Medium-Density Fibreboard (MDF) Market: Key Industry Highlights, 2022 and 2028
Table 3: Global: Medium-Density Fibreboard Market Forecast: Production Breakup by Region (in Million Cubic Metres), 2023-2028
Table 4: Global: Medium-Density Fibre Board Market Forecast: Breakup by Residential and Commercial Applications (in Million Cubic Metres), 2023-2028
Table 5: Global: Medium-Density Fibre Board Market Forecast: Breakup by New Construction and Replacement Applications (in Million Cubic Metres), 2023-2028
Table 6: Global: Medium-Density Fibreboard Market: Competitive Structure
Table 7: Global: Fibreboard Market: Production Capacities of Major Players
Table 8: Global: Fibreboard Market: Production Capacity Breakup by Country
Table 9: Global: Fibreboard Market: Production Capacity Breakup by Region
Table 10: Medium-Density Fibreboard Manufacturing Plant: Raw Material Requirements (in CBM/Day)
Table 11: Medium-Density Fibre Board Manufacturing Plant: Costs Related to Land and Site Development (in US$)
Table 12: Medium-Density Fibre Board Manufacturing Plant: Costs Related to Civil Works (in US$)
Table 13: Medium-Density Fibre Board Manufacturing Plant: Machinery Costs (in US$)
Table 14: Medium-Density Fibre Board Manufacturing Plant: Raw Material Requirements (in CBM/Day) and Expenditures (in US$/CBM)
Table 15: Medium-Density Fibre Board Manufacturing Plant: Costs Related to Salaries and Wages (in US$)
Table 16: Medium-Density Fibre Board Manufacturing Plant: Costs Related to Other Capital Investments (in US$)
Table 17: Details of Financial Assistance Offered by Financial Institutions in India
Table 18: Medium-Density Fibre Board Manufacturing Plant: Capital Costs (in US$)
Table 19: Medium-Density Fibre Board Manufacturing Plant: Techno-Economic Parameters
Table 20: Medium-Density Fibre Board Manufacturing Plant: Income Projections (in US$)
Table 21: Medium-Density Fibre Board Manufacturing Plant: Expenditure Projections (in US$)
Table 22: Medium-Density Fibre Board Manufacturing Plant: Taxation (in US$/Year)
Table 23: Medium-Density Fibre Board Manufacturing Plant: Depreciation (in US$/Year)
Table 24: Medium-Density Fibre Board Manufacturing Plant: Cash Flow Analysis Without Considering the Income Tax Liability (in US$)
Table 25: Medium-Density Fibre Board Manufacturing Plant: Cash Flow Analysis on Considering the Income Tax Liability (in US$)
Table 26: Medium-Density Fibre Board Manufacturing Plant: Profit and Loss Account (in US$/Year)
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