Particle Board Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Raw Material (Wood, Bagasse, Other), By Application (Construction, Furniture, Infrastructure, Other), By Region, By Competition, 2020-2030F

Description

The Global Particle Board Market was valued at USD 24.6 billion in 2024 and is projected to reach USD 30.2 billion by 2030, growing at a CAGR of 3.3% through 2030. This growth is fueled by rising demand for cost-effective, durable, and eco-conscious building materials and furniture, particularly in rapidly urbanizing regions. Particle boards, which are made from wood residues like sawdust and shavings, are widely used in ready-to-assemble furniture and interior construction applications such as flooring and wall paneling. Their affordability and ease of use make them especially attractive in developing economies.

Market Overview
Forecast Period	2026-2030
Market Size 2024	USD 24.6 Billion
Market Size 2030	USD 30.2 Billion
CAGR 2025-2030	3.3%
Fastest Growing Segment	Wood
Largest Market	North America

Sustainability is also playing a pivotal role in driving adoption, as particle boards contribute to waste reduction and align with green building standards. Continuous innovations in manufacturing processes have enhanced product durability and performance, increasing competitiveness with traditional wood alternatives. Growing investment in housing and infrastructure across emerging markets, combined with consumer interest in modular and customizable furnishings, further strengthens market demand. These factors collectively position particle boards as a versatile and essential component in modern construction and interior design industries.

Key Market Drivers

Rising Demand for Affordable, Durable, and Eco-Friendly Furniture and Building Materials

The growing need for cost-effective, reliable, and sustainable materials is a major factor driving the global particle board market. Composed of wood residues like sawdust and chips bonded with adhesives, particle boards serve as a low-cost alternative to solid wood. Their affordability and functional versatility make them particularly attractive for manufacturing ready-to-assemble furniture, cabinets, and shelving solutions.

As urbanization intensifies and consumer preferences shift toward affordable, modular designs, particularly in developing countries, demand for particle board furniture has surged. Manufacturers and retailers increasingly rely on particle boards to create stylish, customizable product lines that meet both aesthetic and functional needs.

Furthermore, the environmental appeal of particle boards-made largely from recycled wood waste-supports global efforts to minimize deforestation and promote sustainable building. Their alignment with green construction standards and certifications such as LEED enhances their market appeal. Regulatory and governmental support for sustainable materials also encourages broader adoption in both residential and commercial sectors.

Key Market Challenges

Environmental and Health Concerns Related to Formaldehyde Emissions

A major obstacle for the particle board market is the health and environmental risks associated with formaldehyde emissions. Traditional adhesives used in particle board production, such as urea-formaldehyde and phenol-formaldehyde, emit volatile organic compounds (VOCs), which are harmful to human health and indoor air quality.

Formaldehyde is recognized as a carcinogen and its presence in interior environments can cause respiratory irritation and allergic reactions. In response to rising health concerns and growing consumer awareness, regulatory bodies across regions-including the EPA in the U.S. and ECHA in Europe-have introduced strict emission limits and mandatory compliance standards.

Meeting these regulations often requires costly modifications in production processes, such as switching to low-emission or formaldehyde-free adhesives. This transition can pose challenges for manufacturers, especially those operating in price-sensitive markets, and may influence product pricing and market competitiveness.

Key Market Trends

Increasing Adoption of Eco-Friendly and Formaldehyde-Free Particle Boards

A notable trend shaping the particle board market is the shift toward eco-friendly and formaldehyde-free alternatives. Rising awareness about environmental sustainability and health safety is prompting manufacturers to develop low-emission products that align with green certifications and indoor air quality standards.

The adoption of bio-based adhesives derived from renewable materials such as soy protein, lignin, and tannins is growing, reducing reliance on traditional chemical resins. These alternatives support circular economy goals by using biodegradable, renewable inputs.

Global standards such as CARB Phase 2 and the European E1/E0 emission classifications are driving manufacturers to meet stricter VOC thresholds. As demand for safer and greener interior materials continues to rise, formaldehyde-free particle boards are expected to gain broader acceptance in residential, commercial, and institutional projects.

Key Market Players

Kronospan Group
Egger Group
Arauco
Sonae Arauco
Georgia-Pacific LLC
Finsa Group
West Fraser Timber Co. Ltd.
Uniboard Canada Inc.

Report Scope:

In this report, the Global Particle Board Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Particle Board Market, By Raw Material:

Wood
Bagasse
Other

Particle Board Market, By Application:

Construction
Furniture
Infrastructure
Other

Particle Board Market, By Region:

North America
- United States
- Canada
- Mexico
Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
South America
- Brazil
- Colombia
- Argentina
Middle East & Africa
- Saudi Arabia
- UAE
- South Africa

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Particle Board Market.

Available Customizations:

Global Particle Board Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

1. Product Overview

1.1. Market Definition
1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends

4. Voice of Customer

5. Global Particle Board Market Outlook

5.1. Market Size & Forecast
- 5.1.1. By Value
5.2. Market Share & Forecast
- 5.2.1. By Raw Material (Wood, Bagasse, Other)
- 5.2.2. By Application (Construction, Furniture, Infrastructure, Other)
- 5.2.3. By Region (North America, Europe, South America, Middle East & Africa, Asia Pacific)
5.3. By Company (2024)
5.4. Market Map

6. North America Particle Board Market Outlook

6.1. Market Size & Forecast
- 6.1.1. By Value
6.2. Market Share & Forecast
- 6.2.1. By Raw Material
- 6.2.2. By Application
- 6.2.3. By Country
6.3. North America: Country Analysis
- 6.3.1. United States Particle Board Market Outlook
  - 6.3.1.1. Market Size & Forecast
    - 6.3.1.1.1. By Value
  - 6.3.1.2. Market Share & Forecast
    - 6.3.1.2.1. By Raw Material
    - 6.3.1.2.2. By Application
- 6.3.2. Canada Particle Board Market Outlook
  - 6.3.2.1. Market Size & Forecast
    - 6.3.2.1.1. By Value
  - 6.3.2.2. Market Share & Forecast
    - 6.3.2.2.1. By Raw Material
    - 6.3.2.2.2. By Application
- 6.3.3. Mexico Particle Board Market Outlook
  - 6.3.3.1. Market Size & Forecast
    - 6.3.3.1.1. By Value
  - 6.3.3.2. Market Share & Forecast
    - 6.3.3.2.1. By Raw Material
    - 6.3.3.2.2. By Application

7. Europe Particle Board Market Outlook

7.1. Market Size & Forecast
- 7.1.1. By Value
7.2. Market Share & Forecast
- 7.2.1. By Raw Material
- 7.2.2. By Application
- 7.2.3. By Country
7.3. Europe: Country Analysis
- 7.3.1. Germany Particle Board Market Outlook
  - 7.3.1.1. Market Size & Forecast
    - 7.3.1.1.1. By Value
  - 7.3.1.2. Market Share & Forecast
    - 7.3.1.2.1. By Raw Material
    - 7.3.1.2.2. By Application
- 7.3.2. France Particle Board Market Outlook
  - 7.3.2.1. Market Size & Forecast
    - 7.3.2.1.1. By Value
  - 7.3.2.2. Market Share & Forecast
    - 7.3.2.2.1. By Raw Material
    - 7.3.2.2.2. By Application
- 7.3.3. United Kingdom Particle Board Market Outlook
  - 7.3.3.1. Market Size & Forecast
    - 7.3.3.1.1. By Value
  - 7.3.3.2. Market Share & Forecast
    - 7.3.3.2.1. By Raw Material
    - 7.3.3.2.2. By Application
- 7.3.4. Italy Particle Board Market Outlook
  - 7.3.4.1. Market Size & Forecast
    - 7.3.4.1.1. By Value
  - 7.3.4.2. Market Share & Forecast
    - 7.3.4.2.1. By Raw Material
    - 7.3.4.2.2. By Application
- 7.3.5. Spain Particle Board Market Outlook
  - 7.3.5.1. Market Size & Forecast
    - 7.3.5.1.1. By Value
  - 7.3.5.2. Market Share & Forecast
    - 7.3.5.2.1. By Raw Material
    - 7.3.5.2.2. By Application

8. Asia Pacific Particle Board Market Outlook

8.1. Market Size & Forecast
- 8.1.1. By Value
8.2. Market Share & Forecast
- 8.2.1. By Raw Material
- 8.2.2. By Application
- 8.2.3. By Country
8.3. Asia Pacific: Country Analysis
- 8.3.1. China Particle Board Market Outlook
  - 8.3.1.1. Market Size & Forecast
    - 8.3.1.1.1. By Value
  - 8.3.1.2. Market Share & Forecast
    - 8.3.1.2.1. By Raw Material
    - 8.3.1.2.2. By Application
- 8.3.2. India Particle Board Market Outlook
  - 8.3.2.1. Market Size & Forecast
    - 8.3.2.1.1. By Value
  - 8.3.2.2. Market Share & Forecast
    - 8.3.2.2.1. By Raw Material
    - 8.3.2.2.2. By Application
- 8.3.3. Japan Particle Board Market Outlook
  - 8.3.3.1. Market Size & Forecast
    - 8.3.3.1.1. By Value
  - 8.3.3.2. Market Share & Forecast
    - 8.3.3.2.1. By Raw Material
    - 8.3.3.2.2. By Application
- 8.3.4. South Korea Particle Board Market Outlook
  - 8.3.4.1. Market Size & Forecast
    - 8.3.4.1.1. By Value
  - 8.3.4.2. Market Share & Forecast
    - 8.3.4.2.1. By Raw Material
    - 8.3.4.2.2. By Application
- 8.3.5. Australia Particle Board Market Outlook
  - 8.3.5.1. Market Size & Forecast
    - 8.3.5.1.1. By Value
  - 8.3.5.2. Market Share & Forecast
    - 8.3.5.2.1. By Raw Material
    - 8.3.5.2.2. By Application

9. Middle East & Africa Particle Board Market Outlook

9.1. Market Size & Forecast
- 9.1.1. By Value
9.2. Market Share & Forecast
- 9.2.1. By Raw Material
- 9.2.2. By Application
- 9.2.3. By Country
9.3. Middle East & Africa: Country Analysis
- 9.3.1. Saudi Arabia Particle Board Market Outlook
  - 9.3.1.1. Market Size & Forecast
    - 9.3.1.1.1. By Value
  - 9.3.1.2. Market Share & Forecast
    - 9.3.1.2.1. By Raw Material
    - 9.3.1.2.2. By Application
- 9.3.2. UAE Particle Board Market Outlook
  - 9.3.2.1. Market Size & Forecast
    - 9.3.2.1.1. By Value
  - 9.3.2.2. Market Share & Forecast
    - 9.3.2.2.1. By Raw Material
    - 9.3.2.2.2. By Application
- 9.3.3. South Africa Particle Board Market Outlook
  - 9.3.3.1. Market Size & Forecast
    - 9.3.3.1.1. By Value
  - 9.3.3.2. Market Share & Forecast
    - 9.3.3.2.1. By Raw Material
    - 9.3.3.2.2. By Application

10. South America Particle Board Market Outlook

10.1. Market Size & Forecast
- 10.1.1. By Value
10.2. Market Share & Forecast
- 10.2.1. By Raw Material
- 10.2.2. By Application
- 10.2.3. By Country
10.3. South America: Country Analysis
- 10.3.1. Brazil Particle Board Market Outlook
  - 10.3.1.1. Market Size & Forecast
    - 10.3.1.1.1. By Value
  - 10.3.1.2. Market Share & Forecast
    - 10.3.1.2.1. By Raw Material
    - 10.3.1.2.2. By Application
- 10.3.2. Colombia Particle Board Market Outlook
  - 10.3.2.1. Market Size & Forecast
    - 10.3.2.1.1. By Value
  - 10.3.2.2. Market Share & Forecast
    - 10.3.2.2.1. By Raw Material
    - 10.3.2.2.2. By Application
- 10.3.3. Argentina Particle Board Market Outlook
  - 10.3.3.1. Market Size & Forecast
    - 10.3.3.1.1. By Value
  - 10.3.3.2. Market Share & Forecast
    - 10.3.3.2.1. By Raw Material
    - 10.3.3.2.2. By Application

11. Market Dynamics

11.1. Drivers
11.2. Challenges

12. Market Trends and Developments

12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments

13. Company Profiles

13.1. Kronospan Group
- 13.1.1. Business Overview
- 13.1.2. Key Revenue and Financials
- 13.1.3. Recent Developments
- 13.1.4. Key Personnel
- 13.1.5. Key Product/Services Offered
13.2. Egger Group
13.3. Arauco
13.4. Sonae Arauco
13.5. Georgia-Pacific LLC
13.6. Finsa Group
13.7. West Fraser Timber Co. Ltd.
13.8. Uniboard Canada Inc.