Compressed Fiberboard Market by Application (Furniture Manufacturing, Construction, Industrial Packaging, Others), by North America (U.S., Canada, Mexico), by Europe (UK, Germany, France, Italy, Spain, Russia, Netherlands, Switzerland, Poland, Sweden, Belgium), by Asia Pacific (China, India, Japan, South Korea, Australia, Singapore, Malaysia, Indonesia, Thailand, Philippines, New Zealand), by Latin America (Brazil, Mexico, Argentina, Chile, Colombia, Peru), by MEA (UAE, Saudi Arabia, South Africa, Egypt, Turkey, Israel, Nigeria, Kenya) Forecast 2024-2032
The global compressed fiberboard market is anticipated to expand at a CAGR of 12.8% over the forecast period, reaching a valuation of USD 24.5 billion by 2028. The increasing demand from the furniture manufacturing and construction industries is driving the market growth. Compressed fiberboard is one of the categories of manufactured wood, which is produced from the squeezing of wood fibers that are bonded under heat and pressure with the help of adhesives. This is a material of numerous categories: MDF, which stands for medium-density fiberboard, HDF, which stands for high-density fiberboard and LDF for low-density fiberboard, all differing in their densities and strengths. Some of the important characteristics include a fairly flat and even face, ease in cutting and bending, and also a characteristic that is quite pivotal – low distortion tendency. The mentioned properties make fiberboard suitable for furniture making, cabinet making, and flooring application, and for doors and wall panels. Due to its flexible nature and cheaper to use it has widely been embraced in home building and other commercial construction plans.
Compressed Fiberboard Trends
This report provides a comprehensive analysis of the compressed fiberboard market, including:
The global compressed fiberboard market is segmented into North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Asia-Pacific is expected to be the fastest-growing market, due to the burgeoning construction and furniture industries in the region.
By Application:
By Region:
Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.4% from 2018-2032 |
Segmentation |
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Aspects | Details |
---|---|
Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 5.4% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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