Market Size of Europe Medium-Density Fiberboard Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | < 3.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Medium-Density Fiberboard Market Analysis
The Europe medium-density fiberboard market is expected to register a CAGR of less than 3% during the forecast period. The COVID-19 pandemic had a substantial negative impact on the European economy. The COVID-19 outbreak presented a challenging industrial arena for the Europe medium-density fiberboard market as it slowed down demand from key end-user industries such as residential, commercial, and institutional due to the lockdown measures. Furthermore, the production of fiberboard components was stopped due to the slowdown in logistics and the unavailability of labor.
- Over the short term, increasing demand for MDF for furniture and easy availability of raw materials will likely drive the market during the forecast period.
- However, strict government regulations and the impact of hot-pressing temperature on MDF are expected to hamper the market.
- Nevertheless, the growing prominence of the production of specialty MDF (like moisture-resistant MDF) in Europe in the future is likely to create lucrative opportunities for the market over the forecast period.
