Particle Board Market Report by Application (Residential, Commercial), Sector (New Construction, Replacement), and Region 2024-2032

Particle Board Market Report by Application (Residential, Commercial), Sector (New Construction, Replacement), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A793
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Market Overview:

The global particle board market size reached US$ 23.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 31.3 Billion by 2032, exhibiting a growth rate (CAGR) of 3.4% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
2023
Forecast Years
2024-2032
Historical Years
2018-2023
Market Size in 2023
US$ 23.0 Billion
Market Forecast in 2032
US$ 31.3 Billion
Market Growth Rate 2024-2032 3.4%


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

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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:

IMARC Group provides an analysis of the key trends in each sub-segment of the global particle board market report, along with forecasts at the global and regional level from 2024-2032. Our report has categorized the market based on application and sector.

Breakup by Application:

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • 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:

Particle Board Market

  • 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion, Million Cubic Metre
Segment Coverage Application, Sector, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Kastamonu Entegre, Roseburg Forest Products Co., Norbord Inc., Boise Cascade Company, and Columbia Forest Products, Inc.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The global particle board market was valued at US$ 23.0 Billion in 2023.

The global particle board market is expected to grow at a CAGR of 3.4% during 2024-2032.

The outbreak of the coronavirus disease (COVID-19) has resulted in huge fluctuations in the global particle board market. This is due to the blocked cash flow and halted development projects and commercial businesses.

Based on the application, the market is bifurcated into the commercial and residential segments. The residential sector dominates the market, accounting for nearly three-fourths of the total share.

On the basis of the sector, the market has been classified into the new construction and replacement sectors. The new construction sector currently holds the largest market share.

One of the major market trends is the increasing number of construction and building projects, along with the growing awareness about the eco-friendly nature of particle boards among end users.

One of the primary factors bolstering the market growth is the significant use of particle board in the construction industry, as it is dense, affordable, uniform, lightweight, and easy to install. It is also used in recording studios and concert venues on account of its remarkable sound-absorbing properties.

The leading players operating in the industry are Kastamonu Entegre, Roseburg Forest Products Co., Norbord Inc., Boise Cascade Company and Columbia Forest Products, Inc.

Region-wise, Europe holds the leading position in the market. Other major regions are Asia Pacific, North America, Latin America, and Middle East and Africa.

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Particle Board Market Report by Application (Residential, Commercial), Sector (New Construction, Replacement), and Region 2024-2032
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