North America Medium-Density Fiberboard Market 2023: Industry Report, Value, Volume, Growth Drivers and Forecast by 2028
According to IMARC Group latest report titled “North America Medium-Density Fiberboard Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on North America medium-density fiberboard market. The report also includes competitor and regional analysis, and contemporary advancements in the market. The North America medium-density fiberboard market size reached 4.4 Million Cubic Metres in 2022. Looking forward, IMARC Group expects the market to reach 5.2 Million Cubic Metres by 2028, exhibiting a growth rate (CAGR) of 2.6% during 2023-2028.
Medium-density fiberboard (MDF) refers to a special type of engineered wood product that is utilized in the manufacturing of furniture. It is composed of wood fibres that is mixed with wax and resin and is generally compressed into flat panels using pressure and heat. Additionally, it is also produced by breaking down softwood or hardwood residuals into wood fibers. It is denser than dimensional lumber or plywood and does not contract or expand in moist or humid weather. As a result, it offers superior quality at a significantly lower price, due to which it is widely utilized for industrial packaging and numerous residential and commercial projects, including ceiling molding, flooring and cabinetry.
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The rising demand for construction materials majorly drives the market in North America. This can be attributed to the growing number of renovation and repaire activities across the region. For instance, the widespread deployment of MDF in building various non-structural areas, such as pillars, balconies, and staircases. Apart from this, an increasing preference for medium-density fiberboard (MDF) among several furniture manufacturers as it is ready-made and requires low-maintenance, which is significantly supporting its sales across North America. Moreover, continual technological advancements and innovations in the production process of medium-density fiberboard to extend its lifespan and enhance durability are creating a positive market outlook. Some of the other factors driving the market further include the emerging construction industry on and the inflating income levels of individuals.
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North America Medium-Density Fiberboard Market Segmentation:
Our report has categorized the market based on region, application and sector.
Key Regions Analysed:
- United States
Analysis for Each Country
Breakup by Application:
Breakup by Sector:
- New Construction
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
Note: We are in the process of updating our reports. If you want to receive the latest research data covering the time period from 2023 to 2028, along with industry trends, market size, and competitive analysis, click on the request sample report. The team would be able to deliver the latest version of the report in a quick turnaround time.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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