Market Size of Europe Particle Board Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Particle Board Market Analysis
The European particle board market is anticipated to register a CAGR of greater than 4% during the forecast period. As home construction expansion was prominent in Europe prior to the pandemic, the COVID-19 outbreak had a substantial impact on residential construction growth. This has most certainly resulted in project delays and cost overruns. Currently, the particle board market has recovered from the pandemic and is expanding rapidly.
- Over the short term, the increasing demand for particle boards for furniture manufacturing, coupled with the ease in availability of raw materials, is projected to fuel market growth over the forecast period.
- However, it is estimated that the threat of medium-density fiberboard as a substitute is expected to hamper the market growth over the forecast period.
- Nevertheless, upcoming construction and infrastructure projects are projected to generate opportunities in the future for the European particle board market.
