Latin America Medium Density Fiberboard (MDF) Market 2019-2028

MARKET OUTLOOK

In its report, the publisher calculates that the Latin American medium density fiberboard (MDF) market is expected to expand at a CAGR of 3.93% during the estimated years 2019-2028. Brazil, Mexico, and Rest of Latin America outline the market in this region.
In Rest of Latin America, Argentina’s construction industry has observed a significant downfall. Moreover, the financial crisis and struggling monetary policies have been further negatively impacting the country. Similarly, Venezuela has been facing challenges on the economic front, which is likely to affect its infrastructure sector. The COVID-19 outbreak has significantly weakened the economic growth of these countries, further impacting several industries. Nevertheless, these emerging economies are anticipated to recover in the next few years, motivating the development of industries like construction and infrastructure. This is predicted to influence the demand for MDF in construction activities, offering multiple opportunities to the region’s medium density fiberboard market in the upcoming years.

Likewise, Mexico’s economic growth has been hit significantly, which is compelling the government to stimulate consumer confidence by reducing interest costs. Furthermore, the pandemic outbreak has disrupted the functioning of several industries across the country. However, Mexico is anticipated to be among the most competitive market post-COVID-19, owing to local currency devaluation. Additionally, the recent government initiatives are likely to support the growth of housing units, which is expected to increase the construction activities in the country. Therefore, the progress in the construction activities is predicted to enhance the need for MDFs, further influencing the medium density fiberboard market on a positive growth trajectory.

COMPETITIVE OUTLOOK

Leading enterprises thriving in the MDF market consist of Egger Group, Duratex SA, Dare Panel Co Ltd, Swiss Krono AG, Fantoni Spa, Daiken Corporation, and Kastamonu Entegre.