Particle Board Market Report 2026

The particle board market size has grown strongly in recent years. It will grow from $21.88 billion in 2025 to $23.18 billion in 2026 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to expansion of furniture manufacturing activities, growth in residential interior projects, increasing use of engineered wood in construction, availability of synthetic resin technologies, rising adoption of laminated boards.

The particle board market size is expected to see strong growth in the next few years. It will grow to $28.87 billion in 2030 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to increasing demand for sustainable wood alternatives, rising focus on low-emission boards, expansion of prefabricated construction, growing investments in advanced board manufacturing, increasing use in packaging and flooring applications. Major trends in the forecast period include increasing adoption of moisture-resistant particle boards, rising demand for fire-retardant boards, growing use in modular furniture applications, expansion of lightweight particle board variants, enhanced focus on cost-effective wood panels.

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 companies operating in the particle board market are Georgia-Pacific Wood Products Inc., West Fraser Timber Co. Ltd., Egger Group, Kronospan LLC, Arauco, Roseburg Forest Products Co., 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, EverGreen Boardlam Pvt. Ltd., Elite Particle Boards, Forestral Terranova Mexico SA de CC, Action TESA, Bajaj Hindusthan Sugar Ltd., Trivandrum Board Ltd.

Asia-Pacific was the largest region in the particle board market in 2025. The regions covered in the particle board market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the particle board market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

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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