Medium Density Fiberboard (MDF) Market Size

Medium Density Fiberboard Market Analysis

The Medium Density Fiberboard Market size is estimated at 117.40 Million cubic meters in 2024, and is expected to reach 141.53 Million cubic meters by 2029, growing at a CAGR of 3.81% during the forecast period (2024-2029).

COVID-19 negatively impacted the market in 2020. According to the Associated General Contractors of America (AGC), COVID-19 impact has delayed or disrupted projects in the United States. Around 16% of the projects in the United States are likely to experience a shortage of materials, equipment, or parts; 11% of the projects will see a shortage of craft workers, including subcontractors, 18% of the projects will witness a lack of government workers, and 8% of the projects will be disrupted by an infected worker, who may have a potential to infect a worksite.

• Over the short term, an increase in the demand for MDF for furniture, easy availability of raw materials, and expansion of the residential sectors are major factors driving the growth of the market studied.
• However, stringent government regulations and the presence of product substitutes are the key factors anticipated to restrain the growth of the target industry over the forecast period.
• Nevertheless, the growing prominence of the production of specialty MDF in Europe and the rising use of MDF in decorative articles is likely to create lucrative growth opportunities for the global market soon.
• Asia-Pacific is estimated to witness healthy growth over the assessment period in the medium-density fiberboard (MDF) market due to the medium-density fiberboard in end-use application segments, such as cabinet, flooring, furniture, packaging, and other applications.