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The particle board market share is expected to increase by USD 6.00 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 4.88%.
This particle board market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers particle board market segmentation by end-user (residential, commercial, and industrial) and geography (APAC, North America, Europe, MEA, and South America). The particle board market report also offers information on several market vendors, including Associate Decor Ltd., Boise Cascade Co., Century Prowud, Columbia Forest Products Inc., D and R Henderson Pty Ltd., Fritz Egger GmbH and Co. OG, Kastamonu Integrated Wood Industry and Trade Inc., Koch Industries Inc., Krifor Industries Pvt. Ltd., and Kronoplus Ltd. among others.
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The rising number of infrastructural and construction activities is notably driving the particle board market growth, although factors such as low durability may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the particle board industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Particle Board Market Driver
The rising number of infrastructural and construction activities is one of the key drivers supporting particle board market growth. In developing countries such as India and Australia, the demand for residential accommodation will increase, owing to the increasing population and urbanization, leading to a surge in residential construction in these countries. As per the Ministry of Statistics and Program Implementation (MOSPI), the Indian construction industry grew by nearly 6.2% year over year in the final quarter of 2020. Therefore, the rising number of infrastructural and construction activities is expected to drive the growth of the market during the forecast period.
Key Particle Board Market Challenge
Low durability is one of the key factors hindering the particle board market size growth. Particleboard swells and warps in the presence of moisture. Discoloration can also occur under severe settings. It readily absorbs moisture and, even when exposed to low levels of moisture, can actually disintegrate. At the absolute least, moisture exposure may cause particle board to shrink and expand, as well as warp and bend, which is obviously undesirable. As it does not operate well when exposed to moisture, it does not endure very long, especially in humid locations. Thus, the low durability of particleboard is expected to hinder the growth of the market in focus during the forecast period.
This particle board market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the particle board market encompasses successful business strategies deployed by the key vendors. The particle board market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The particle board market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
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40% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for the particle board market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The increased spending of governments on the real estate market for the construction of residential buildings will facilitate the particle board market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
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The particleboard market share growth by the residential segment will be significant during the forecast period. Particleboard is broadly used for residential purposes such as flooring, hardwood floors, and doors. It is becoming more popular as a building material due to its wide range of applications and low cost. Particleboard is an environmentally benign material since it is made from wood waste such as wood chips, sawdust, and shavings combined with resin. It is occasionally used in the place of plywood or medium-density fiberboard to reduce building costs. Such factors will drive the segment growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the particle board market size and actionable market insights on the post-COVID-19 impact on each segment.
Particle Board Market Scope |
|
Report Coverage |
Details |
Page number |
120 |
Base year |
2021 |
Forecast period |
2022-2026 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.88% |
Market growth 2022-2026 |
$ 6.00 billion |
Market structure |
Fragmented |
YoY growth (%) |
3.90 |
Regional analysis |
APAC, North America, Europe, MEA, and South America |
Performing market contribution |
APAC at 40% |
Key consumer countries |
US, China, Germany, India, and UK |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Associate Decor Ltd., Boise Cascade Co., Century Prowud, Columbia Forest Products Inc., D and R Henderson Pty Ltd., Fritz Egger GmbH and Co. OG, Kastamonu Integrated Wood Industry and Trade Inc., Koch Industries Inc., Krifor Industries Pvt. Ltd., and Kronoplus Ltd. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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