Particleboard Market: Global Industry Forecast (2023-2029) by Raw Material, Application, and Region

Particleboard Market size was valued at US$ 9.68 Bn. in 2022 and the total Particleboard revenue is expected to grow by 6.2% from 2022 to 2029, reaching nearly US$ 14.75 Bn.

Particleboard Market Overview:

Particleboard is less expensive, denser, and more homogenous than traditional wood and plywood, and it is used in place of them when affordability is more essential than strength or aesthetics. Particleboard can be improved by painting or applying wood overlays to exposed areas. With the exception of insulation board, it is the lightest and weakest form of fiberboard, while being denser than traditional wood. The report explores the Particleboard market's segments (Raw Material, Application, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2017 to 2022. The report investigates the Particleboard market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Particleboard market's contemporary competitive scenario.Particleboard MarketTo know about the Research Methodology :- Request Free Sample Report

Particleboard Market Dynamics:

The advantages offered by particleboards over traditional plywood are a major driver of the market growth. It is critical to distinguish between the benefits of particleboard and plywood. Particleboards offer a slew of features that make them an excellent choice for a variety of applications. • Particleboard surfaces are generally smoother than plywood surfaces; • Particleboards are made from leftovers of other timber products, making them environmentally acceptable; • Particleboards are very light in weight. Particleboard furniture is pretty easy to carry and move around. • Particleboards are unquestionably less expensive than plywood. The practical disadvantages of particleboards are major restraints in the overall market growth. • Particleboard is not considered as robust or durable as plywood. • The weaker and more brittle nature of particle boards makes them prone to damage. • Particleboards lose much of their strength in wet and become bloated. • The production method includes urea-formaldehyde resin, which has the potential to emit formaldehyde gas. The safety concerns associated with the production methods of particleboards are a major challenge in the market. When quality and look are more essential than price, companies use particle board as a construction material. It is denser than regular wood, although it is still a weak type of fiberboard. One of the concerns linked with particle board is its development: because the board is frequently formed of sawdust and wood chips, personnel making or building it may be exposed to sawdust for an extended period of time. Skin diseases, asthma, and a rare condition of nasal cancer have all been linked to wood dust exposure. Formaldehyde, as per the National Institutes of Health, is a compound used in the production of processed wood products e.g. particleboards. After the product is built using it, the formaldehyde is discharged into the atmosphere as a gas. This phenomenon of gas release is known as "outgassing," and it happens primarily within the first two months following construction. Particleboard, on the other hand, takes five to ten years to totally outgas residual formaldehyde. By the conclusion of the first year following construction, it discharges half of all the gases it will ever emit. Allow freshly acquired particle board goods to sit in an open place, e.g. a garage, for two months before bringing them inside the house to reduce the risk of exposure to formaldehyde emissions. After then, the hazard is so minor that it is not worth worrying about.

Particleboard Market Segment Analysis:

By Application, the furniture segment is expected to grow at a CAGR of 4.3% in the forecast period. Some huge corporations build their operations on supplying low-cost furniture. They utilize the absolute cheapest materials feasible to do this. Almost always, the term refers to particleboard, medium-density fiberboard, or a similar material. To retain a high level of quality at a cheap cost, producers may adopt better grades of particleboard, such as greater density particle board, fairly thick particle board, or particleboard made with higher-quality resins. In general, the significantly cheaper cost of sheet materials (particleboard, medium-density fiberboard, and other engineered timber materials) has aided in the displacement of solid wood from numerous furniture purposes. Because of changes in people's lifestyles, people's preferences for furniture styles have shifted dramatically in recent years. Contemporary furniture has characteristics such as minimal forms, square-edged seats, and many colour combinations. Interior design concepts for homes, businesses, and apartments are always evolving in the furniture market. This drives innovation and progress, particularly in terms of form, size, and colour. This is predicted to increase the volume of furniture produced throughout the world. Increased demand for floor lamination, simple cubical partitioning, wall panelling, artificial ceiling, doorways, and furniture is expected to aid in the growth of the particleboards market. Additionally, rehabilitation and upgrading of existing office buildings are expected to meet product demand within the forecast time frame. The main markets in the furniture sector are accounted for by China, the USA, and Germany. China is the leading supplier of wood furniture to the European Union. Foreign Direct Investment is entirely permitted in tourist building infrastructure in India, including the establishment of hotels, resorts, and recreation centres. This is projected to strengthen the hospitality industry and have a favourable influence on the demand for furniture in these establishments.

Particleboard Market Regional Insights:

Because of the growing construction and furniture industries in countries e.g. China and India, the APAC region is expected to see massive development in the particle board market. Because of its growing population, rising affluence, and fast urbanization, China has the greatest market base in the APAC region. It is also a key industrial sector for practically every sector. As a result, the country's infrastructure improvements will continue to accelerate. Because of the central government's demand for infrastructural development to support economic development, China's construction sector grew fast. The Indian government has been aggressively promoting house building in order to provide accommodation for about 1.4 billion people. Over the forecast period, the country is expected to see approximately USD 1.33 trillion in housing investment, with the building of 55 million new households. Due to government attempts at affordable housing, e.g. housing for all programs, India is estimated to contribute around USD 650 billion to the construction market by 2023. The increased building activities in the area, as well as the developing trend of integrating engineered wood products in designs, contribute to an increase in demand for particleboards, which promotes the growth of the APAC market. The objective of the report is to present a comprehensive analysis of the Particleboard market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the Particleboard market dynamics, and structure by analyzing the market segments and projecting the Particleboard market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Particleboard market make the report investor’s guide.

Particleboard Market Scope: Inquiry Before Buying

Particleboard Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2017 to 2022 Market Size in 2022: US $ 9.68 Bn.
Forecast Period 2023 to 2029 CAGR: 6.2% Market Size in 2029: US $ 14.75 Bn.
Segments Covered: by Raw Material • Sawdust • Shavings • Flakes • Chips • Bagasse • Other
by Application • Construction • Furniture • Infrastructure • Other
by Region North America (United States, Canada and Mexico) • Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) • Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) • Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) • South America (Brazil, Argentina Rest of South America)

Particleboard Market Key Players

• Associate Decor Ltd • Boise Cascade • Century Prowud • D&R Henderson Pty Ltd • EGGER • Georgia-Pacific • Kastamonu Entegre • Krifor Industries Pvt. Ltd • Peter Benson (Plywood) Limited • Roseburg Forest Products • Shirdi Industries Ltd. (ASIS India) • Siam Riso Wood Products Co. Ltd • Timber Products Company • Uniboard • West Fraser • Wanhua Ecoboard Co. Ltd Frequently Asked Questions: 1. What is the growth rate of Global Particleboard Market? Ans: The Global Particleboard Market is growing at a CAGR of 6.2% during forecasting period 2023-2029. 2. What is scope of the Global Particleboard Market report? Ans: Global Particleboard Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 3. Who are the key players in Global Particleboard Market? Ans: The important key players in the Global Particleboard Market are – Associate Decor Ltd, Boise Cascade, Century Prowud, D&R Henderson Pty Ltd, EGGER, Georgia-Pacific, Kastamonu Entegre, Krifor Industries Pvt. Ltd, Peter Benson (Plywood) Limited, Roseburg Forest Products, Shirdi Industries Ltd. (ASIS India), Siam Riso Wood Products Co. Ltd, Timber Products Company, Uniboard, West Fraser, Wanhua Ecoboard Co. Ltd 4. What is the study period of this Market? Ans: The Global Particleboard Market is studied from 2022 to 2029.
1. Global Particleboard Market: Research Methodology 2. Global Particleboard Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Particleboard Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Particleboard Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Particleboard Market Segmentation 4.1. Global Particleboard Market, by Raw Material (2022-2029) • Sawdust • Shavings • Flakes • Chips • Bagasse • Other 4.2. Global Particleboard Market, by Application (2022-2029) • Construction • Furniture • Infrastructure • Other 5. North America Particleboard Market(2022-2029) 5.1 North American Particleboard Market, By Raw Material (2022-2029) • Sawdust • Shavings • Flakes • Chips • Bagasse • Other 5.2 North America Particleboard Market, By Application (2022-2029) • Construction • Furniture • Infrastructure • Other 5.3 North America Particleboard Market, by Country (2022-2029) • United States • Canada • Mexico 6. European Particleboard Market (2022-2029) 6.1. European Particleboard Market, By Raw Material (2022-2029) 6.2. European Particleboard Market, By Application (2022-2029) 6.3 European Particleboard Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Particleboard Market (2022-2029) 7.1. Asia Pacific Particleboard Market, By Raw Material (2022-2029) 7.2. Asia Pacific Particleboard Market, By Application (2022-2029) 7.3. Asia Pacific Particleboard Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Particleboard Market (2022-2029) 8.1. Middle East and Africa Particleboard Market, By Raw Material (2022-2029) 8.2. Middle East and Africa Particleboard Market, By Application (2022-2029) 8.3. Middle East and Africa Particleboard Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Particleboard Market (2022-2029) 9.1. South America Particleboard Market, By Raw Material (2022-2029) 9.2. South America Particleboard Market, By Application (2022-2029) 9.3 South America Particleboard Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Associate Decor Ltd 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Boise Cascade 10.3 Century Prowud 10.4 D&R Henderson Pty Ltd 10.5 EGGER 10.6 Georgia-Pacific 10.7 Kastamonu Entegre 10.8 Krifor Industries Pvt. Ltd 10.9 Peter Benson (Plywood) Limited 10.10 Roseburg Forest Products 10.11 Shirdi Industries Ltd. (ASIS India) 10.12 Siam Riso Wood Products Co. Ltd 10.13 Timber Products Company 10.14 Uniboard 10.15 West Fraser 10.16 Wanhua Ecoboard Co. Ltd

About This Report

Report ID 78334
Category Material & Chemical
Published Date March 2023
Updated Date
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