Medium density fiberboard Market 2018 - Global Industry Size, Industry Share, Market Trends, Growth and Forecast to 2026
Medium density fiberboard (MDF) is formed by transforming softwood or hardwood residues to fibers of wood and combining the output with wax and resin. In terms of physical properties, MDF majorly consists of wood fibers, combined with urea-formaldehyde, water, resin and paraffin in small quantities. Its texture is quiet homogeneous and without layers, as a result, splinters or wood grains are not visible.
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Due to its smoothness, it can be an outstanding substitute for wood veener. As per density, there are three types of MDF which are light, medium and high. A thick medium density fiberboard usually depicts density of around 700 kg per meter cube. Apart from this, it is also much stronger and denser as compared to particle board.
MDF market has evolved to become more mature, competitive and cost effective. High demand for MDF products mainly driven from furniture demand owning to rise in population, enhancing lifestyle, increase in construction activities which has heavily impacted the MDF manufactures to increase their production capacity. Better quality, low price and environmental friendliness of MDF products are outstripping other available alternative material such as wood products.
Low-grade MDFs which swells after saturating with water, MDFs which release carcinogens if kept unsealed, which in turn, can lead to allergy and irritation in eyes and lungs are some of the factors restraining the growth of the market. Other drawbacks of MDFs includes, mandatory usage of specialized cutting material and visible shrinkage during low humidity.
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By type, global MDF market is segmented into moisture resistant MDF and standard MDF and others such as Fire retardant. Standard MDF are mainly suitable for interior architecture which is not exposed to humidity or moisture such as common fit-outs & furniture. Whereas, Moisture Resistant MDF are suitable for laboratories, laundries and bathrooms i.e, in high moisture areas. In terms of end-use the global MDF market is sub-divided into commercial & residential segments, where residential sector accounts for the largest market share.
By geography, global MDF market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East and Africa. In 2017, Asia-Pacific held the largest market share and projected to continue to show its dominance in the upcoming years. This growth is mainly driven by China, where several government plans such as China Western Development Program, the Plan of Revitalizing Northeast China which aims to improve living standards is anticipated to stimulate furniture industry, renovation and packaging etc.
which involves MDF will boost the Chinese MDF market in the upcoming years. Asia Pacific is immediately followed by Europe in terms of value and is expected to boost the MDF market in the region. Growth of European MDF market is mainly attributed to rising construction services which involves MDF. Apart from this, high demand for furniture fuelled by growth of flat-pack DIY products since the 20th century is anticipated to grow further in the upcoming years thus boosting the European MDF market. North America and Latin America is also forecasted to witness significant growth during the forecasted period.
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Global medium density fiberboard (MDF) market is segmented as below:
By Type
Moisture Resistant MDF
Standard MDF
Others (Fire Retardant MDF, etc.)
By End Use
Commercial
Residential
By Geography
North America
US
Canada
Europe
U.K
France
Germany
Rest of Europe
Asia Pacific
Japan
China
India
Australia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest Latin America
Middle-East & Africa (MEA)
GCC
Rest of MEA
Key players across the global medium density fiberboard (MDF) market value chain are:
Kronospan, Egger, Greehigh, Yonglin Group, Sunway Forest Products, Yunfu Zhenying Wood Co. Ltd., Clarion Industries, Georgia-Pacific Wood Products, Nelson Pine, Guangxi Fenglin Wood Industry Group, Guangzhou Huafangzhou Wood among others.
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