Market Size of North America Medium-Density FIberboard Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.50 % |
| 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?
North America Medium-Density FIberboard Market Analysis
The North American medium-density fiberboard (MDF) market is estimated to grow with a CAGR of over 3.5% during the forecast period.
The lockdowns and strict social distancing norms that followed the COVID-19 pandemic resulted in the shutdown of many manufacturing and construction activities and disruptions in the supply chain, which further hampered the demand for MDF in the market.
- With manufacturing and construction activities resuming back to the pre-pandemic levels, the demand for MDF is expected to ramp up during the forecast period.
- The easy availability of raw materials and the increase in demand for MDF in furniture applications are the two major factors driving the demand.
- However, stringent regulations by the government are likely to hinder the growth of the market studied.
- The United States is expected to dominate the North American region.
