The global particle board market reached a value of US$ 21.3 billion in 2021. Looking forward, the market is projected to reach US$ 26.9 billion by 2027, exhibiting a CAGR of 3.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, the analyst is continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different End-use sectors. These insights are included in the report as a major market contributor.
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.
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.
This report provides an analysis of the key trends in each sub-segment of the global particle board market, along with forecasts at the global and regional level from 2022-2027. The report has categorized the market based on application and sector.
Based on the application, the residential segment dominates the market, accounting for nearly three-fourths of the total share. Rapid modernization, as well as inflating income levels of individuals, is resulting in the increasing construction of housing projects.
The new construction sector currently holds the largest market share as there is a significant rise in the building of residential, commercial, and industrial establishments across the globe.
Europe enjoys the leading position in the market on account of the revival of the real estate sector in the region.
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.
This report provides a deep insight into the global particle board industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a particle board manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the particle board industry in any manner.
2. What will be the global particle board market outlook during the forecast period (2022-2027)?
3. What was the global particle board market size in 2021?
4. What are the major global particle board market drivers?
5. What are the major global particle board market trends?
6. What is the global particle board market breakup by application?
7. What is the global particle board market breakup by sector?
8. What are the major regional markets in the global particle board industry?
9. Who are the leading players in the global particle board industry?
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
This report provides an analysis of the key trends in each sub-segment of the global particle board market, along with forecasts at the global and regional level from 2022-2027. The report has categorized the market based on application and sector.
Breakup by Application:
- Residential
- Commercial
Based on the application, the residential segment dominates the market, accounting for nearly three-fourths of the total share. Rapid modernization, as well as inflating income levels of individuals, is resulting in the increasing construction of housing projects.
Breakup by Sector:
- New Construction
- Replacement
The new construction sector currently holds the largest market share as there is a significant rise in the building of residential, commercial, and industrial establishments across the globe.
Breakup by Region:
- Asia-Pacific
- North America
- Europe
- Latin America
- Middle East and Africa
Europe enjoys the leading position in the market on account of the revival of the real estate sector in the region.
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.
This report provides a deep insight into the global particle board industry covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. The report also provides a comprehensive analysis for setting up a particle board manufacturing plant. The study analyses the processing and manufacturing requirements, project cost, project funding, project economics, expected returns on investment, profit margins, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the particle board industry in any manner.
Key Questions Answered in This Report
1. What is the impact of COVID-19 on the global particle board market?2. What will be the global particle board market outlook during the forecast period (2022-2027)?
3. What was the global particle board market size in 2021?
4. What are the major global particle board market drivers?
5. What are the major global particle board market trends?
6. What is the global particle board market breakup by application?
7. What is the global particle board market breakup by sector?
8. What are the major regional markets in the global particle board industry?
9. Who are the leading players in the global particle board industry?
Frequently Asked Questions about the Global Particle Board Market
What is the estimated value of the Global Particle Board Market?
What is the growth rate of the Global Particle Board Market?
What is the forecasted size of the Global Particle Board Market?
Who are the key companies in the Global Particle Board Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 125 |
| Published | April 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 21.3 Billion |
| Forecasted Market Value ( USD | $ 26.9 Billion |
| Compound Annual Growth Rate | 3.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 5 |
Table of Contents
1 Preface3 Executive Summary10 Competitive Landscape13 Loans and Financial Assistance
2 Scope and Methodology
4 Introduction
5 Global Engineered Wood Industry
6 Global Particle Board Market
7 Market Breakup by Region
8 Market Breakup by Application
9 Market Breakup by Sector
11 Particle Boards Manufacturing
12 Project Details, Requirements and Costs Involved
14 Project Economics
15 Key Player Profiles
List of Figures
List of Tables
Companies Mentioned
- Kastamonu Entegre
- Roseburg Forest Products Co.
- Norbord Inc.
- Boise Cascade Company
- and Columbia Forest Products Inc
Methodology
LOADING...
