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Top Key Players of Global Medium-Density Fiberboard (MDF) Market

Medium-density fiberboard (MDF) is an engineered wood product made by breaking down hardwood or softwood residuals into wood fibers. It is combined with resin or wax to form flat panels by applying high temperature and pressure. MDF represents an excellent building material as it can be securely joined with screws and nails with minimal chances of fracturing. Owing to this, it is used in various residential and commercial projects to make furniture, cabinetry, flooring, industrial packaging, toys, ceiling and molding. According to IMARC Group, the global medium-density fiberboard market reached a value of US$ 23.2 Billion in 2018, growing at a CAGR of 7.8% during 2011-2018.

Unlike most of its alternatives, such as particle board or hardboard, medium-density fiberboard (MDF) offers superior quality. Besides this, it is manufactured from recycled wood which helps in saving trees and protecting the environment. As a result, governments across the world are encouraging consumers to shift towards wood panels, thereby providing a positive thrust to the medium-density fiberboard market. On account of these factors, the market is projected to reach a value of US$ 37.7 Billion by 2024.

Top Key Players of Global Medium-Density Fiberboard (MDF) Market

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The global medium-density fiberboard industry consists of many small, medium and large key players operating in the market. The profiles of the top 5 companies manufacturing medium-density boards are provided below:

M. Kaindl KG

M. Kaindl KG was founded in 1897 and is based in Wals, Austria. The company offers flooring and interior design products, melamine faced boards, laminates, tapes, worktops, window sills, veneered boards, and fine boards, as well as floor up/wall systems. It also manufactures wood design panels and floors. Moreover, M. Kaindl KG provides its products through a network of retailers in the United States, as well as through a network of dealers internationally.

Sonae Arauco

Sonae Arauco was founded in 1959 and is headquartered in the United Kingdom. The company manufactures and sells wood, OSB, MDF and particleboard panels, as well as sawn timber. It has over 20 factories in 8 countries and 2 continents with around 2,800 employees. In addition, the product portfolio of the company also includes Agepan System solution which is ideal for construction, renovations or extensions, especially for use in roofs, walls and floors.

Weihua Corporation

Weihua Corporation is principally engaged in the manufacture and sale of fiberboards, as well as the planting and operation of fast-growing and high-yield plantation. The company’s main products are medium (high) density fiberboards, reinforced wood floorings, melamine decorative laminates, cement templates and other forest products. Its medium-density fiberboards are used in office, furniture, sound boxes, reinforced wood floorings, outdoor and indoor decoration, fan blades, computer room antistatic floorings, weatherboards, security doors and wall boards, among others. The company mainly operates its business in domestic markets. On September 13, 2013, the company announced that it had transferred a 90% stake in a Zengcheng-based subsidiary.

Dynea Guangdong

Dynea is a global leader in providing high-performance adhesion and surfacing solutions. It serves its customers with a complete range of resins, adhesives and hardeners, and provides technical service, application testing and advice on a variety of subjects from mixing and application to environmental issues. Furthermore, Dynea's high-quality phenolic surface films (PSF) are resin impregnated industrial overlays designed to improve the surface characteristics of wood-based panels.

Duratex

Duratex SA is a Brazil-based company primarily engaged in the manufacture of wood panels. The company operates in two business segments – Wood and Deca. The wood division is responsible for the production of hardboard; medium-density particle (MDP) panels; medium, high and super density fiberboard (MDF, HDF and SDF) panels; laminate flooring, named Durafloor, and components for the furniture industry. On the other hand, the Deca division focuses on the production of sanitary ceramic and metal products under various brand names, such as Deca, Hydra, Belize, Elizabeth and Corona. It operates industrial plants and commercial branches in Brazil, Colombia and the United States, among others. The company’s subsidiaries include Duraflora SA, Estrela do Sul Participacoes Ltda, Deca SA and Industria Metalurgica Jacarei Ltda.

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