Particle board, or chipboard, is made from wood chips, sawmill shavings, sawdust, and synthetic resin or other suitable binder, which is pressed and extruded. The factors which have contributed in influencing the market demand are its affordability, ease in installation, and high density and uniformity. In spite of its density, particle board is the lightest type of fibreboard and is less strong than even medium-density fibreboard. The latest report by IMARC Group titled, “Particle Board Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, finds that the particle board market reached a value of US$ 20.5 Billion in 2019.
Particle boards are mostly used in places such as recording studios and concert venues due to their excellent sound-absorbing properties. These are also used for making household furniture such as kitchen cabinets, bookcases, doors, windows, and covering the walls and floor. Moreover, particle boards can be painted, wallpapered and laminated which adds to the aesthetic quality of the surroundings. Looking forward, IMARC Group expects the global particle board market to exhibit moderate growth during the next five years.
On the basis of end-use the market is segmented as commercial and residential. The residential sector is the largest consumer for plywood, accounting for nearly three-fourth of the total global market. The report has conducted an evaluation of the market on the basis of key regions and finds that Europe is the largest market for particle board. Some of the other major regions are North America, Asia-Pacific, Latin America and Middle East and Africa. The report has also analysed the market on the basis of competitive landscape and has provided the details of the key players. Some of the major players are Kastamonu, Roseburg, Norbord, Boise Cascade, Columbia, etc.
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.
Key Questions Answered in This Report:
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.
The global particle board market size is expected to reach US$ 25 Billion by 2025.
The global particle board market was worth US$ 20.5 Billion in 2019.
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.
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.
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 construction and replacement sectors. The new construction sector currently holds the largest market share.
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.
The leading players operating in the industry are Kastamonu Entegre, Roseburg Forest Products Co., Norbord Inc., Boise Cascade Company and Columbia Forest Products, Inc.
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