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High density Fiberboard (HDF) Market Size
- Report ID: GMI5598
- Published Date: May 2023
- Report Format: PDF
High density Fiberboard Market Size
High density Fiberboard Market size reached USD 6.5 billion in 2022 and is poised to exhibit over 6.5% CAGR between 2023 and 2032.
HDF is rapidly gaining preference in the furniture industry without affecting hardboard's durability. Due to steps taken by governments and corporations in the region to employ HDF hardboard as well as hardwood and softwood fibres, the high density fiberboard industry in Asia Pacific is growing at a rapid pace.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| High density Fiberboard Market Size in 2022: | USD 6.5 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 6.5% |
| 2032 Value Projection: | USD 12.07 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 350 |
| Tables, Charts & Figures: | 401 |
| Segments covered: | Type, Raw materials, Process, Application, End-use and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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High density fiberboard (HDF) is created by compressing wood fibres or other plant fibres with urea formaldehyde or other synthetic resins under pressurised heating conditions. Demand for HDF is predicted to expand owing to increased demand for various hardboards made with HDF in interior décor, furniture, toys and game boards, and other application sectors. Furthermore, an increase in the use of HDF for construction, furniture, consumer goods, packaging, and other applications is likely to push business demand.
The construction industry is a key sector, especially in countries including China. The government of China plans to open the economy further to foreign investments, further driving market growth. Commercial construction in other Asian countries is also witnessing a gradual rise owing to the rebounding economic conditions and the stabilizing political environment.
The construction & infrastructure industry is heavily influenced by urbanization, economic changes, and the growing population. Changing lifestyles, increasing disposable income, and improved living standards are estimated to fuel the growth of residential buildings. The increasing infrastructure investments and future infrastructure development projects will boost the construction sector. Such trends will bolster the demand for the high density fiberboard market.
Frequently Asked Questions (FAQ) :
High density Fiberboard Market Scope
