Global MDF Market Prospect Forecast
Jun 28, 2022
The global MDF market sales reached USD 29.31 billion in 2021 and is expected to reach USD 41.8 billion in 2028, with a compound annual growth rate (CAGR) of 4.9% (2022-2028). At the regional level, the Chinese market has changed rapidly in the past few years. In 2021, the market size will be 2 billion US dollars, accounting for about 6% of the global market. It is expected to reach 6.2 billion US dollars in 2028, when the global proportion will reach 15%.
The global medium density fiberboard (Medium Density Fiberboard Panels) market is dominated by the Asia Pacific region, which accounts for 55% of global consumption. Europe is the second largest regional market, accounting for more than 20% of the global consumption share.
At present, the main manufacturers of MDF boards are concentrated in Kronospan M&P Kaindl, Arauco, Duratex SA, Swiss Krono Group, Nelson Pine, etc. Kronospan M&P Kaindl is the world leader with almost 7% market share.
