Global Particleboard Market was valued at USD xx Mn in 2019 and is expected to reach USD xx Mn by 2027 at a CAGR of 6.2% over the forecast period 2020-2027.
Global Particleboard Market
The report covers an in-depth analysis of COVID 19 pandemic impact on Global Particleboard Market by region and on the key players’ revenue affected till July 2020 and expected short term and long-term impact on the market.
Particleboard Market overview
Particleboard is manufactured from saw dust, wood chips, sawmill shavings and synthetic resins. It is a low-density chip board and fiber board. To shape particleboards, these raw materials are further pressed and extruded. The particleboard is available in different sizes, it is manufactured to which panels are pressed. Increasing investment building material in building projects is driving the growth of the particleboard market.
Particleboard Market Dynamics.
The demand for flakes, fiber and shaving is increasing owing to its properties such as jointing of wood and small wood particle of indefinite dimensions. The commonly used raw material used for particleboard is flake as it has predetermined dimension with small particle. Major materials used to manufacture particleboard are sawdust, chip, excelsior, shaving and flakes. Building & constructions activities and increasing renovation are driving the growth of the particleboard market. Rising consumer income owing to change in lifestyle and increasing inclinations towards interior design has projected to support the revenue growth of the global market.
However, a significant factor expected to restrict global demand growth over the forecast period is lower particle board durability compared to plywood. Besides, the availability of alternative materials, including medium density fiberboard, is another consideration that can, to some degree, impede the growth of the target market.
The increasing demand for cost effective products especially in building & constructions industry led to the adoption of new advance technology. As, particleboard is an effective alternative to plywood especially used in cabinets anticipated to fuel growth revenue of the global market. Most of the cabinet parts such as bottoms & back of cabinets, shelves and jambs are manufactured using particle board. To provide the superior finish to cabinets, two coats of lacquer and stain is sprayed on the particleboard. This has built strong adhesive and tensile properties to the particleboard. Besides, they are used in interior designing owing to their flat, consistency and stable surfaces properties. In routed cabinet doors or routed panels that can be inserted into any woodworking project, particle boards are consistently used has led increasing the demand for particleboard market.
Global Particleboard Market: Regional Analysis
The regional analysis of the Global Particleboard market is segregated across North America, Europe, Asia Pacific, the Middle East and Africa, and South America. Currently, Asia Pacific is dominating the Particleboard market. The Asia-Pacific particle board industry is expected to account for a large share of the target market 's sales. The ample availability of the raw materials needed for the development of the particle board can be attributed to the growth of the region. Moreover, the strong presence of the furniture manufacturing industry in developing countries such as India and China are a factor that is expected to help the revenue growth of the region's target market.
Report covers in-depth analysis of key development, marketing strategies, supply-side and demand side indicators and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new Type launches and patents to increase their regional presence and business operations.
The objective of the report is to present a comprehensive analysis of the Global Particleboard Market including all the stakeholders of the industry. The past and current status of the industry with 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 includes market leaders, followers, and new entrants. PORTER, SVOR, 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 analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Particleboard Market dynamics, structure by analyzing the market segments and project Global Particleboard Market Clear representation of competitive analysis of key players by price, financial position, Type portfolio, growth strategies, and regional presence in the Global Particleboard Market make the report investor’s guide.Scope of Global Particle Board Market
Global Particle Board Market Segmentation by Raw Material
• Shavings• Flakes• Sawdust• ChipGlobal Particle Board Market Segmentation by End-Use
• Aerospace• Furniture• Construction• Industrial• Commercial• ResidentialGlobal Particle Board Market Segmentation by Region
• North America• Europe• Asia-Pacific• South America• Middle East & AfricaGlobal Particle Board Market Major Players
• Shirdi Industries Ltd• Associate Décor Ltd• CenturyPly• Green Land Particle Board• Archidply Industries Limited• Associate Decor Ltd.• CenturyPly.• DMK PARTICLEBOARD LLP.• EverGreen Boardlam Pvt. Ltd.• FERO.• Green Land Particle Boards.• Krifor Industries.
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