Market Highlights
The Europe Particle Board Market of the construction and infrastructure sector at a significant pace across the globe owing to emerging market trends such as changing consumer lifestyle, increased consumer preference for ready-made furniture, and the procurement of cheap fiberboards is also supporting the demand for particleboards in the global market. Manufacturers, retailers, distributors, and suppliers are now focusing on different grades of particleboards, such as wood and bagasse, that can be used in a wide range of applications. The introduction of fire-resistant particleboard and moisture repellant particleboards is expected to drive the demand for particleboards in the global market as these types of particleboards have qualities that ensure durability and cost-effectiveness.
The Global Particle Board Market was valued at USD 19.3 Billion in 2018 and is expected to witness a 6.1% CAGR during the forecast period.
Competitive Landscape
MRFR recognizes the following companies as the key players in the global Particle Board Companies Timber Products Company, Roseburg, Uniboard, Dakota Premium Hardwoods, Associate Decor Limited, Boise Cascade, D&R Henderson Pty Ltd, Green Land Particle Board, Century Plyboards India Ltd., Krifor Industries, Shell Laminates Pvt. Ltd, DMK Particleboard LLP, Kunnathan Chip Board Pvt. Ltd, Action TESA, and FA Mitchell.
Segments:
This study provides an overview of the global Europe Particle Board Market Size, tracking three market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for Europe, Asia-Pacific, Europe, Middle East & Africa, and South America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Europe Particle Board Market by raw material type, product type, application, and region.
By Raw Material
WoodSawdust
Shavings
Flakes
Chips
Bagasse
Others
By Product Type
Fire-Resistant Particle Board
Moisture-Resistant Particle Board
Raw Particle Board
By Application
Construction
Furniture
Infrastructure
Others
By Region
Europe
Asia-Pacific
Europe
Middle East & Africa
South America
Key Trends Driving Market Growth:
- Sustainable Construction Practices: With growing environmental concerns, there has been a notable shift towards sustainable building materials. Particle boards, being eco-friendly and recyclable, have gained traction in the construction sector as a preferred choice for interior applications.
- Technological Advancements: Continuous innovations in manufacturing processes, including advanced resin formulations and precision milling techniques, have enhanced the quality and performance of Europe Particle Board Market trends. This has expanded their application scope across diverse industries.
- Rising Popularity of Ready-to-Assemble (RTA) Furniture: The burgeoning demand for ready-to-assemble furniture, particularly in urban areas, has significantly contributed to the increased consumption of particle boards. RTA furniture manufacturers prefer particle boards due to their affordability, ease of customization, and consistent quality.
- Expansion of the Housing Sector: Rapid urbanization and population growth in emerging economies have fueled the construction of residential and commercial infrastructure. Particle boards find extensive usage in interior fittings, wall panels, and flooring solutions, thus driving market growth.
Regional Overview
Asia-Pacific is anticipated to witness the highest growth rate in the global Europe Particle Board Market: MRFR
Geographically, the global Europe Particle Board Market has been segmented into five key regions, namely, Europe, Europe, Asia-Pacific, the Middle East & Africa, and South America. In 2018, Europe and Europe held significant shares of the global market, owing to the high consumption of wood panel products in these regions. Moreover, the surging construction activities are expected to add to the demand for particleboards in the coming years. However, Asia-Pacific is expected to register the highest growth rate in the Europe Particle Board Market during the forecast period. This can be attributed to developing countries such as China, India, and ASEAN countries, which are driving the market growth for particleboard in terms of demand. Furthermore, high-scale construction activity in the Middle East and Africa is also expected to support and contribute significantly to the growth of the regional Europe Particle Board Market.
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