Particle board, also known as low-density fiberboard (LDF), is an engineered wood made using a mixture of sawmill shavings, wood chips, sawdust, and synthetic resin. It is affordable, easy to install, lightweight, environment-friendly, and high in density and uniformity. As a result, it is widely utilized in making home furniture, such as kitchen cabinets, bookcases, doors, windows, and wall and floor coverings, in the commercial and residential sectors across the globe. Presently, it is available in different sizes, densities, the geometry of particles, and the amount of adhesive used.
Particle Board Market Trends:
Significant growth in the construction of homes on account of rapid urbanization and the rising global population represents one of the key factors fueling the market growth. Moreover, particle boards can be easily laminated, painted, and wallpapered to improve their overall aesthetic value. This, along with the growing working population and the rising trend of modern offices, is positively influencing the demand for particle boards in commercial establishments for enhanced aesthetics. It is also utilized in places, such as concert venues and recording studios, on account of its remarkable sound-absorbing properties. Additionally, the growing popularity of sports and other outdoor events is contributing to the market growth. Apart from this, the leading manufacturers are focusing on improving the intrinsic properties of particle boards using raw materials that are derived from crop plants. They are also using natural fibers, such as wheat, barley, rice, cotton gin, banana, and coir and kenaf, to launch diverse products, which, in turn, is creating a positive market outlook.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global particle board market report, along with forecasts at the global and regional level from 2024-2032. The report has categorized the market based on application and sector.Breakup by Application:
- Residential
- Commercial
Breakup by Sector:
- New Construction
- Replacement
Breakup by Region:
- Asia-Pacific
- North America
- Europe
- Latin America
- Middle East and Africa
Competitive Landscape:
- The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Some of these players are Kastamonu Entegre, Roseburg Forest Products Co., Norbord Inc., Boise Cascade Company, and Columbia Forest Products, Inc
Key Questions Answered in This Report
1. What was the global particle board market size in 2023?2. What will be the global particle board market outlook during the forecast period 2024-2032?
3. What is the impact of COVID-19 on the global particle board market?
4. What is the global particle board market breakup by application?
5. What is the global particle board market breakup by sector?
6. What are the major global particle board market trends?
7. What are the major global particle board market drivers?
8. Who are the leading players in the global particle board industry?
9. What are the major regional markets in the global particle board industry?
Table of Contents
Companies Mentioned
- Kastamonu Entegre
- Roseburg Forest Products Co. Norbord Inc.
- Boise Cascade Company
- Columbia Forest Products Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 138 |
Published | March 2024 |
Forecast Period | 2023 - 2032 |
Estimated Market Value ( USD | $ 23 Billion |
Forecasted Market Value ( USD | $ 31.3 Billion |
Compound Annual Growth Rate | 3.5% |
Regions Covered | Global |
No. of Companies Mentioned | 4 |