Market Size of North America 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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North America Particle Board Market Analysis
The North American particle board market is projected to register a CAGR of over 4% during the forecast period. Particle board usage by the construction industry decreased as a result of the pandemic on account of the restriction of construction activities and government-imposed lockdown. But as things recovered in 2021, the expansion of the building sector boosted the market's demand for particle boards.
- The growing demand for furniture in the hospitality and office space has augmented the demand for particles board.
- However, the use of medium-density fiberboard as a replacement is projected to hinder the market's expansion.
- Nevertheless, future market growth is anticipated to be aided by the development of innovative particle board manufacturing techniques.
- The United States is anticipated to lead the North American region in terms of revenue during the forecast period.
