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Particle Board Market Trends

  • Report ID: GMI12500
  • Published Date: Dec 2024
  • Report Format: PDF

Particle Board Market Trends

Sustainability is a dominant trend in the market, driven by increasing consumer demand for environmentally responsible products. Manufacturers are increasingly adopting recycled materials (such as sawdust, wood chips, and other waste wood fibres) in the production of particle board to reduce waste and the consumption of virgin timber. This move is in line with global efforts to reduce deforestation and lower carbon footprints in manufacturing. Additionally, there is a growing shift towards low-emission particle boards that are free from harmful substances like formaldehyde. These boards are now being produced with safer, eco-friendly adhesives and binders that meet stringent environmental and health regulations, especially in markets such as Europe and North America.
 

Furthermore, the global rise in consumer preference for eco-conscious living is another key factor driving demand for particle board. As consumers become more mindful of the environmental impact of their purchases, they are increasingly opting for products made from sustainable materials. This shift in consumer behaviour is particularly evident in markets where green building practices and sustainable interior design are prioritized, such as in the U.S., Europe, and parts of Asia.
 

Particle board, when produced using sustainably sourced wood fibres and environmentally friendly processes, meets the growing demand for eco-conscious building materials. Additionally, its affordability and versatility allow for greater design flexibility, enabling architects and interior designers to create aesthetically pleasing, sustainable spaces without exceeding budget constraints. This demand for eco-friendly and affordable building materials is expected to continue fuelling the growth of the market, particularly as global construction, and renovation activity increases.

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The global particle board industry was valued at USD 25.4 billion in 2023 and is estimated to grow at a CAGR of over 5.5% from 2024 to 2032, driven by economic, societal, and technological trends.

The bare board segment recorded USD 15.4 billion in 2023 and is expected to grow at a CAGR of around 5.7% from 2024 to 2032, as they are less expensive to produce and purchase compared to laminated boards, appealing to budget-conscious consumers and industries.

The U.S. dominates the North America particle board market with an 82% share in 2023, driven by increasing urbanization and the demand for affordable construction solutions.

Key players in the industry include Arauco, Daewon Industrial, Duratex, Egger Group, Finsa, Georgia-Pacific, Homanit, Kastamonu Entegre, Kronospan, Masonite, Nelson Pine, Pfleiderer, and Sumitomo Forestry.

Particle Board Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 180
  • Countries covered: 18
  • Pages: 220
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