PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1358050
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1358050
Global medium density Fiberboard market was valued at US$ 41.8 Bn in 2023, and is expected to exhibit a CAGR of 5.6%, over the forecast period (2023-2030) to reach US$ 61.1 Bn by 2030.
Report Coverage | Report Details | ||
---|---|---|---|
Base Year: | 2022 | Market Size in 2023: | US$ 41.8 Bn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 5.60% | 2030 Value Projection: | US$ 61.1 Bn |
Medium density fiberboard is an engineered wood product that is manufactured by crushing and refining wood chips. It is a superior alternative to plywood, as it doesn't expand or contract when exposed to humid air. This type of engineered wood also has a lower price tag, making it popular in a variety of applications. Some applications for this type of material include furniture, ceiling molding, and industrial packaging.
The MDF is made from a special type of wood, and many companies use it to make their furniture. Because it is inexpensive to make, many furniture companies use it for their product. Low-density fibreboard is a popular choice for prefabricated furniture and big-box stores. MDF is similar to particleboard, but they have some major differences in process. They are both used to make furniture and cabinetry. The process used to make both products differ slightly, and the difference can be found in the way fiber is prepared and dried. They differ primarily in their pressing and postpressing operations. The fiber that goes into MDF is derived from shavings or chips, and it consists of individual wood cells.
Over time, the term "MDF" has become a generic name for any dry-process fibre board. MDF is typically made up of 82% wood fibre, 9% urea-formaldehyde resin glue, 8% water, and 1% paraffin wax.[4] The density is typically between 500 and 1,000 kg/m3 (31 and 62 lb/cu ft).[5] The range of density and classification as light-, standard-, or high-density board is a misnomer and confusing.
Increasing investment in green building construction and rapid growth in furniture industry are prime factors driving growth of the global medium density Fiberboard (MDF) market. Expansion of residential sector is also playing significant role in overall development of medium density Fiberboard market. On contrary, strict environmental regulations is expected to curtail the market growth. Also, availability of substitutes, such as wood-plastic composites, eco-board, and others is again expected to hinder the market growth