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The North America medium-density fiberboard market exhibited moderate growth during 2015-2020. Medium-density fiberboard (MDF) is an engineered wood product made by breaking down hardwood or softwood residuals into wood fibers. It is combined by applying high temperature and pressure with resin or wax to form flat panels. It is considered denser than plywood or dimensional lumber. MDF is used in various residential and commercial projects, such as furniture, cabinetry, flooring, industrial packaging, toys and ceiling molding.
The North America medium-density fiberboard market is currently being driven by several factors. A significant growth in the construction and furniture manufacturing sectors has catalyzed the demand for MDF in the region. Moreover, rising environmental concerns among consumers have induced the demand for engineered wood products, such as MDF, thereby, stimulating the market growth. In addition to this, MDF is usually available at a lower price, when compared to other wood products, thus fueling the demand in the region. Furthermore, MDF is convenient in nature as it is easy to paint and mold into different shapes, depending on the needs of a consumer. Looking forward, IMARC Group expects the North America medium-density fiberboard market to grow at a CAGR of 4.2% during the forecast period (2021-2026).
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