Market Size of Asia-Pacific Medium-Density Fiberboard Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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APAC Medium-Density Fiberboard Market Analysis
The Asia-Pacific medium-density fiberboard market (MDF) is expected to register a CAGR of over 4% during the forecast period.
Due to the COVID-19 outbreak in the first half of 2020, the major end-user segments, such as residential, commercial, and institutional, were significantly affected because their operation shut down. It, in turn, has unfavorably impacted the consumption of the MDF in the Asia-Pacific. In mid-2020, most medium-density fibreboard manufacturers were slowly returning to the growth path. Rising awareness and acceptance of MDF as a wood panel product will likely lead to industry growth.
- Increasing MDF demand for furniture and easy availability of raw materials are expected to drive the medium-density fiberboard market's growth in Asia-Pacific.
- Growing prominence in producing specialty medium-density fiberboard will likely be an opportunity.
- Several government regulations are expected to hamper the market growth during the forecast period.
- China dominated the industry growth and continued its dominance during the forecast period.
