According to IMARC Group latest report titled “North America Medium-Density Fiberboard Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, offers a comprehensive analysis of the industry, which comprises insights on Medium-Density Fiberboard market in North America. The report also includes competitor and regional analysis, and contemporary advancements in the market. The market is currently witnessing strong growth. The North America Medium-Density Fiberboard Market to grow at a CAGR of 4.2% during the forecast period (2021-2026).
Medium-density fiberboard (MDF) refers to a special type of engineered wood product that is utilized in the manufacturing of furniture. It is composed of wood fibres that is mixed with wax and resin and is generally compressed into flat panels using pressure and heat. Additionally, it is also produced by breaking down softwood or hardwood residuals into wood fibers. It is denser than dimensional lumber or plywood and does not contract or expand in moist or humid weather. As a result, it offers superior quality at a significantly lower price, due to which it is widely utilized for industrial packaging and numerous residential and commercial projects, including ceiling molding, flooring and cabinetry.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Market Trends:
The rising demand for construction materials majorly drives the market in North America. This can be attributed to the growing number of renovation and repaire activities across the region. For instance, the widespread deployment of MDF in building various non-structural areas, such as pillars, balconies, and staircases. Apart from this, an increasing preference for medium-density fiberboard (MDF) among several furniture manufacturers as it is ready-made and requires low-maintenance, which is significantly supporting its sales across North America. Moreover, continual technological advancements and innovations in the production process of medium-density fiberboard to extend its lifespan and enhance durability are creating a positive market outlook. Some of the other factors driving the market further include the emerging construction industry on and the inflating income levels of individuals.
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North America Medium-Density Fiberboard Market Segmentation:
Our report has categorized the market based on region, application and sector.
Key Regions Analysed:
- United States
- Canada
Analysis for Each Country
Market Breakup by Application:
- Residential
- Commercial
Market Breakup by Sector:
- New Construction
- Replacement
Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021-2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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