May
10, 2019: Global particle board market is
estimated to grow at a substantial CAGR in the forecast period as the scope,
product types, and its applications are increasing across the globe. Particle
board, also termed as “Low-Density Fibreboard (LDF)”, implies an engineered
wood that is produced using a mixture of wood chips, sawmill shavings, a
synthetic resin, and sawdust.
The factors that propel
the growth of the particle board market include easy availability, high demand,
it acts as a fire resistance, moisture resistance, and high temperature
resistance. Also, It is used as a construction material as it is affordable,
dense, uniform, easy to install, light-weight, and eco-friendly in nature.
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On the other hand, there
are factors that may hamper the growth of the market including possibility of
weakening and loss of characteristic strength. Also, it cannot be employed for
outdoor applications if it isn’t treated with a sealing agent.
Particle board market may
be explored by product type, raw material, application, and geography. Particle
board market may be explored by product type as Particle board of other
ligneous materials and article board of wood. Particle board market may be
explored by raw materials as Flakes, Shavings, Chips and Sawdust.
Particle board market
could be explored based on application as commercial and residential. The
“Residential” segment led the particle board market in 2016 and is anticipated
to maintain its dominance by 2022. The key factors that may attributed to the
growth of market includes high use of plywood in this sector.
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Particle board market is
categorized based on geography into China, Canada, Germany, India, Japan,
Italy, Indonesia, Spain, Malaysia, Poland, Mexico, Brazil, South Korea, United
Kingdom, United States, Turkey. The “North America and Europe” segment led the
particle board market in 2015 and is anticipated to maintain its dominance by
2022. The key factor that may attributed to the growth of market includes
increasing demand from numerous end user industry.
The key players
contributing to the robust growth of the particle board market comprise
Associate Decor Limited, D&R Henderson Pty Ltd, Boise Cascade, Krifor
Industries, Green Land Particle Boards among others. The leading companies are
taking up partnerships, mergers and acquisitions, and joint ventures in order
to boost the inorganic growth of the industry.
The report package Global
Particle Board Market to 2022 - Market Size, Development, Top 10 Countries, and
Forecasts offers the most up-to-date industry data on the actual market
situation, and future outlook for particle board in the world and in the top 10
global countries. Along with a global particle board market report the package
includes country reports from the following countries:
Austria, China, France,
Germany, Italy, Poland, Spain, Turkey, United Kingdom, United States
The research includes
historic data from 2011 to 2017 and forecasts until 2022 which makes the
reports an invaluable resource for industry executives, marketing, sales and product
managers, consultants, analysts, and other people looking for key industry data
in readily accessible documents with clearly presented tables and graphs.
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