According to the latest report by IMARC Group, titled “North America Medium-Density Fiberboard Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” the North America medium-density fiberboard market size reached 4.4 Million Cubic Metres in 2022. Medium-density fiberboard (MDF) is a nonstructural wood product manufactured from the residues of hardwood and softwood that is joined together with resin and wax and pressed under extreme heat and pressure. It is a dense, flat, smooth, uniform, less expensive, sustainable, and environment-friendly product that exhibits higher stability and internal strength than other substrates. Besides this, it is highly resistant to moisture and fire and requires little maintenance. It can be easily machined, shaped, and painted to create decorative moldings and raised door panels with minimal waste generation. As a result, MDF is utilized in the manufacturing of kitchen cabinets, shelves, furniture, ceiling moldings, decorative projects, door parts, and laminate flooring across North America.
North America Medium-Density Fiberboard Market Trends:
Rising construction of residential and commercial buildings, along with the escalating demand for MDF in the renovating and redesigning trends of established retail stores, skyscrapers, and residential and commercial buildings, represents one of the key factors positively influencing the market in North America. MDF exhibits better resistance towards changes in heat and humidity and is consequently preferred for furniture, cabinetry, and flooring. Besides this, the thriving tourism industry and expansion of hotels, guesthouses, and villas across the region are catalyzing the demand for engineered wood products. In addition, the increasing use of biodegradable packaging materials in the food and beverage (F&B) industry due to their faster decomposition and recyclable properties is creating a positive market outlook. Furthermore, governing agencies of various countries are imposing stringent regulations to ban plastic products for minimizing carbon emissions, which is encouraging the adoption of biodegradable packaging solutions like medium-density fiberboard. Additionally, the growing environmental concerns among individuals have resulted in the rising demand for engineered wood products, such as MDF, which is creating a positive outlook for the market. Furthermore, governing authorities in North America are undertaking various initiatives to promote sustainable building practices and improve public health, safety, and general welfare. This is offering lucrative opportunities to industry investors. Moreover, the increasing consumer reliance on online shopping platforms is catalyzing the demand for packaging products to provide doorstep delivery of products. Looking forward, the market volume is projected to reach 5.2 Million Cubic Metres by 2028, expanding at a CAGR of 2.6 % during 2023-2028.
- Based on the application, residential accounted for the largest market share followed by commercial.
- On the basis of sector, new construction holds the biggest market share followed by replacement.
- Region-wise, the market has been segregated into the United States and Canada. Amongst these, the United States enjoys the leading position in the market.
- The competitive landscape of the market has also been examined, with some of the key players operating in the market.
|Base Year of the Analysis
||Million Cubic Metres
||Application, Sector, Country
||United States, Canada
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