The medium-density fibreboard market size  is expected to reach USD 55,791.6 million by
2027, exhibiting a CAGR of 5.5% during the forecast period. The growing demand
for furniture cabinetry and wood flooring subsurface will foster the healthy
growth of the market, states Fortune Business Insights, in a report, titled “Medium-Density Fibreboard Market Size,
Share & Industry Analysis, By Type (Standard, Moisture Resistant,
Fire-Rated), Application (Furniture, Construction & Flooring, Interior
Designing, Packaging, and Others), and Regional Forecast, 2020-2027.” The
market size stood at USD 39,765.6 million in 2019.

The coronavirus incident
has caused colossal loss to several industries across the globe. The
governments of several countries have instigated lockdown to thwart the spread
of this deadly virus. Such plans have caused disturbances in the production and
supply chain. But, with time and resolution, we will be able to combat this
stern time and get back to normality. Our well-revised reports will help
companies to receive in-depth information about the present scenario of every
market so that you can adopt the necessary strategies accordingly.

Market Driver:

Heavy
Demand for MDF in Furniture Manufacturing to Propel Growth

The
shift from plywood to MDF for the manufacturing of tables, sofas, beds, and
library shelves will have an excellent impact on the global market. The
cost-effectiveness of MDF compared to plywood along with its sturdy structure
will spur opportunities for the market, in turn, boosting the growth of the
market. The superior properties of MDF make it an excellent alternative to
plywood, thus enabling speedy expansion of the market. The growing utilization
of MDF in commercial spaces is expected to bolster the healthy growth of the
market. The increasing renovation and revamp of offices will bode well for the
market in the near future.

The report
on the medium-density fibreboard market features:

• Comprehensive study of the market




• Essential facts about prominent players




• Main regions in the market




• Key drivers and trends




• Significant development




• COVID impact

Key
Development:

September
2019: Arauco
announced that it has acquired Prime-Line, Inc., a private company dealing in
the manufacture of MDF molding and millwork products.

Disrupted
Supply Chain to Impede Business amid Coronavirus

The timber industry has
witnessed a massive drop in revenue owing to the imposition of lockdowns and
restrictions to curb coronavirus spread. The disrupted supply of wood and
consequent products like wood fibers will further aggravate the growth of the market.
However, the work from culture has resulted in enormous spending on furniture
such as tables, chairs, stands, and dining counters. Besides, the rising
inclination towards mesmeric aesthetics for home furniture among consumers will
enable speedy expansion of the market in the forthcoming years.

Browse
Complete Report Summary @ https://www.fortunebusinessinsights.com/medium-density-fiberboard-market-104027

Regional Analysis:

Significant
Demand for Furniture to Stimulate Market in Asia Pacific

The market in Asia Pacific
stood at USD 23,069.4 million in 2019. The growth in the region is attributed
to the significant demand for medium-density fiberboard for construction &
flooring applications. The market is primarily driven by China, which currently
holds about 90% share on the volume basis in the regional market. The market in
China is projected to grow at a CAGR of over 6% during the forecast period. The
growing utilization of MDF in India and Southeast Asia for the production of
furniture cabinetry and aesthetically designed interiors for the residential
sector will contribute positively to the market in the region. The market in
North America is expected to hold the largest share during the forecast period
owing to the increasing spending of people on mesmeric visual impressions in
the interiors of the houses and offices.

The Report
Lists the Key Companies in the Medium-Density Fiberboard Market:

• Arauco (Chile)




• Kaindl KG (Austria)




• Wayerhaeuser (U.S.)




• Unilin (Belgium)




• Uniboard (Canada)




• Daiken Corporation (Japan)




• VRG Dongwha (Vietnam)




• Roseburg Forest Products (U.S.)




• Fantoni Spa (Italy)




• Greenpanel (India)




• Rushil Décor (India)




• Swiss Krono Group (Switzerland)




• Centuryply (India)




• West Fraser Timber Co. Ltd. (Canada)




• Dynea (Norway)




• Duratex (Brazil)




• Other Key Players