Particle Board Market Report 2025

The particle board market size has grown strongly in recent years. It will grow from $20.62 billion in 2024 to $21.88 billion in 2025 at a compound annual growth rate (CAGR) of 6.1%. The growth during the historic period can be attributed to the expanding interior decoration and design sector, growth in the hospitality and tourism industries driving furniture demand, increased use of commercial office furniture, rising popularity of ready-to-assemble (RTA) furniture, and higher disposable incomes and living standards.

The particle board market size is expected to see strong growth in the next few years. It will grow to $27.36 billion in 2029 at a compound annual growth rate (CAGR) of 5.8%. The growth projected for the forecast period can be attributed to rising residential and commercial construction projects, growing demand for affordable housing, increased use in modular furniture production, urbanization driving demand for low-cost wood substitutes, and expanding renovation and remodeling activities. Key trends during this period include advancements in particle board manufacturing technology, development of moisture-resistant and fire-retardant particle boards, incorporation of automation and robotics in production, adoption of eco-friendly resins and adhesives, and improved surface finishing techniques.

The growing construction of housing projects is expected to drive the expansion of the particle board market in the coming years. Housing projects refer to planned residential developments consisting of multiple housing units, often featuring shared infrastructure and community facilities. This rise is fueled by urbanization, which increases demand for well-organized residential spaces to accommodate expanding urban populations. Particle boards play a key role in housing projects by offering an economical and versatile material option for interiors such as furniture and wall cladding, helping reduce overall construction costs. For example, according to Homes England, a UK-based government agency, 10,434 housing units were completed in the first half of 2024-2025, marking a 32% increase compared to 7,929 affordable homes finished during the same period in 2023-2024. Thus, the increasing construction of housing projects is fueling growth in the particle board market.

Leading companies in the particle board market are focusing on innovative, sustainable solutions such as eco-friendly particle boards that improve indoor air quality. These boards are produced using recycled or sustainable materials and low-emission binders, reducing environmental impact throughout their lifecycle. For instance, in May 2025, Elite Particle Boards, an India-based manufacturer, launched pre-laminated particle boards designed to meet the needs of modern furniture makers, interior designers, and construction professionals. These boards combine durability, aesthetic appeal, and affordability, making them suitable for a wide range of interior applications. Engineered with fine wood particles and advanced lamination, they ensure uniform quality and a smooth finish. Additionally, made from sustainable sources and low-emission adhesives, they support eco-friendly building practices. The standard 18 mm thickness also reduces installation time by eliminating the need for extra surface treatments such as painting or laminating.

In January 2024, EGGER, an Austria-based manufacturer of wood-based materials, acquired Panel Plus Co. Ltd. for an undisclosed sum. This acquisition grants access to greater resources, advanced technology, and enhanced capabilities to support improved service delivery and innovation. By combining EGGER’s industry expertise with local innovation, the partnership aims to create added value by leveraging combined strengths with a focus on delivering high-quality outcomes. Panel Plus Co. Ltd. is a Thailand-based manufacturer specializing in particle boards.

Major players in the particle board market are Georgia-Pacific Wood Products LLC, West Fraser Timber Co. Ltd., Egger Group, Kronospan LLC, Masonite Corporation, Arauco, Roseburg Forest Products Co., Bajaj Hindusthan Sugar Ltd., Action TESA, Greenlam Industries Limited, Amerhart Ltd., Uniboard, Kastamonu Entegre, Tafisa Canada Inc., Rushil Decor Limited, Archidply Industries Ltd., Plummer Forest Products Inc., Associate Decor Ltd., Century Prowud, Trenox Laminates, EverGreen Boardlam Pvt. Ltd., Elite Particle Boards, and Forestral Terranova Mexico SA de CC.

Asia-Pacific was the largest region in the particle board market in 2024. The regions covered in particle board report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the particle board market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report’s recommendations and conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.

The quick escalation of U.S. tariffs and the resulting strain in trade relations in spring 2025 are considerably influencing the Paper, Plastics, Rubber, Wood And Textile sector by inflating costs for imported pulp, resin, synthetic rubber, lumber, and cotton key inputs with limited domestic substitutes. Packaging manufacturers, for example, now pay more for plastic films and corrugated materials, squeezing margins in an already price-sensitive market. Textile producers face similar challenges, as tariffs on imported yarns and dyes compound pressures from rising labor costs. Some firms are shifting to recycled materials or biodegradable alternatives, while others consolidate suppliers to negotiate bulk discounts.

Particle board is an engineered wood product created by compressing wood particles under heat and pressure with the use of synthetic resin or binder. It features a uniform, dense structure and a smooth surface, making it ideal for applications requiring strength and dimensional stability.

The main types of particle board products include raw particle board, fire-resistant particle board, moisture-resistant particle board, and others. Raw particle board is an engineered wood panel produced by pressing wood chips or sawdust with resin, without any special treatment or finish. Raw materials include wood, bagasse, and others, and the product is distributed through both direct and indirect sales channels. It is utilized in various applications such as furniture, construction, flooring, packaging, and more.

The particle board market research report is one of a series of new reports that provides particle board market statistics, including particle board industry global market size, regional shares, competitors with a particle board market share, detailed particle board market segments, market trends and opportunities, and any further data you may need to thrive in the particle board industry. This particle board market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The particle board market consists of sales of pre-laminated particle boards, melamine-faced boards, veneered particle boards, and acoustic boards. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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