Market Size of Particle Board Industry
| Study Period | 2019 - 2029 |
| Market Volume (2024) | 105.86 Million cubic meters |
| Market Volume (2029) | 122.42 Million cubic meters |
| CAGR (2024 - 2029) | > 2.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia-Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Particle Board Market Analysis
The Particle Board Market size is estimated at 105.86 Million cubic meters in 2024, and is expected to reach 122.42 Million cubic meters by 2029, growing at a CAGR of greater than 2.5% during the forecast period (2024-2029).
The COVID-19 pandemic hampered the particle board market. The demand for particle boards initially declined as construction projects were delayed or put on hold, and consumer spending on furniture decreased due to economic uncertainty. However, as people spend more time at home after COVID-19 and engage in DIY projects, the demand for particle boards for home improvement projects increases.
- Factors such as the availability of raw materials for particle boards and an increase in demand for particle boards for furniture are augmenting the growth of the particle board market globally.
- On the flip side, the threat of medium-density fiberboard (MDF) as a substitute and lower durability of particle boards are expected to restrain the growth of the particle board market.
- The development of new methods to manufacture particle boards and upcoming construction and infrastructure projects are expected to act as an opportunity for the particle board market in the future.
- The Asia-Pacific region is expected to dominate the particle board market during the forecast period.
