Particle Board Market - Growth, Trends, and Forecast (2019 – 2024)

The market is segmented by Raw Material (Wood, Bagasse, and Other Raw Materials), Application (Construction, Furniture, Infrastructure, and Other Applications), and Geography.

Market Snapshot

CAGR (new format
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

Key Players:

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Market Overview

The market for particle board is anticipated to register a CAGR of more than 5%, during the forecast period (2019-2024). Particle board, also known as fiberboard, is an engineered material made of separate fibers. Fiberboards are generally made of engineered wood, which is either hard or soft wood. This is mixed with wax and resin binders, by applying high pressure and temperature.

  • Increase in demand for particle boards for furniture and easy availability of raw-materials are augmenting the growth of the market.
  • Threat of medium-density fiberboard as a substitute is likely to hinder the market growth.
  • Development of new methods to manufacture particle boards is projected to act as an opportunity for the market, in the future.

Scope of the Report

The particle board market report includes:

Raw Material
Wood
Sawdust
Shavings
Flakes
Chips
Bagasse
Other Raw Materials
Application
Construction
Furniture
Infrastructure
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
Russia
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

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Key Market Trends

Increasing Demand from the Furniture Industry

  • Owing to the change in lifestyle of today’s population, the preference for furniture style has changed drastically during the past years. Contemporary furniture consists of features, such as simple lines, square edged chairs, and different combination of colors.
  • Owing to its high temperature, fire, and moisture resistance, the usage of these boards in the furniture industry is rapidly increasing. Additionally, the furniture made from particle board also imparts properties, such as lightweight and high strength-to-weight ratio.
  • With increasing housing construction activities, population, and income-levels across the world, the demand for furniture, such as chairs, table, bed, sofa, shelves, and cupboard, has been increasing, significantly.
  • In the furniture industry, concepts related to interiors of homes, offices, and flats are changing, continuously. This is driving innovation and development, primarily, in terms of designs, sizes, and colors. This is expected to augment the production volume of furniture across the world.
  • Countries, including China, the United States, and Germany, account for the largest markets in the furniture industry. China is the dominant exporter of wood furniture to the European Union.
  • Indonesia is one of the world’s leading furniture manufacturers. Indonesian furniture industry maintained a positive growth, in 2017. According to the Association of Indonesian Furniture and Handicraft Industries, the value of Indonesian furniture exports, in 2017, was USD 1,627 million.
  • All the aforementioned factors are expected to drive the market, during the forecast period.
segmentation (ne

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Asia-Pacific Region to Dominate the Market

  • The Asia-Pacific region to witness robust growth in the particle board market, owing to increasing construction and furniture industry in countries, like China.
  • China is the largest market-base in the Asia-Pacific region, owing to its ever-increasing population, rising income, and rapid urbanization. It is also one of the major manufacturing hubs for almost every industry. Hence, the infrastructure development in the country may see a continuous rise.
  • In 2017, China’s construction industry developed rapidly, due to the central government’s push for infrastructure investment, as a means to sustain economic growth.
  • China is one of the largest furniture exporters in the world, along with Italy. Wood furniture manufacturing makes up for the largest proportion of the Chinese furniture manufacturing sector, contributing more than 50% of the total furniture manufacturing revenue.
  • China is the second-largest packaging market in the world. Fueled by rapid growth in domestic consumption and consistent growth in GDP, the Chinese packaging industry has grown steadily and achieved rapid growth in its key categories.
  • China has replaced Japan, in terms of market size, and is expected to surpass the United States by 2020. The Chinese packaging industry’s key end-user markets, including retail, and food and beverages, and the rapid development of e-commerce, due to increasing purchasing power, are poised for impressive growth during the forecast period.
  • The aforementioned factors are augmenting the growth for the particle board market in the Asia-Pacific region.
regional (new fo

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Competitive Landscape

The particle board market is fragmented in nature, due to the presence of several major players in different countries. Key players in the particle board market include Wanhua Ecoboard Co. Ltd, Georgia-Pacific Building Products, Krifor Industries, UPM-Kymmene Oyj, Roseburg Forest Products Company Inc., Columbia Forest Products, and Peter Benson (Plywood) Limited, among others.

Major Players

  1. Wanhua Ecoboard Co. Ltd
  2. Georgia-Pacific Building Products
  3. Norbord Inc.
  4. UPM-Kymmene Oyj

* Complete list of players covered available in the table of contents below

market concentra

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increase in Demand for Particle Boards for Furniture

      2. 4.1.2 Easy Availability of Raw-materials

    2. 4.2 Restraints

      1. 4.2.1 Threat of Medium-density Fiberboard as a Substitute

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Raw Material

      1. 5.1.1 Wood

        1. 5.1.1.1 Sawdust

        2. 5.1.1.2 Shavings

        3. 5.1.1.3 Flakes

        4. 5.1.1.4 Chips

      2. 5.1.2 Bagasse

      3. 5.1.3 Other Raw Materials

    2. 5.2 Application

      1. 5.2.1 Construction

      2. 5.2.2 Furniture

      3. 5.2.3 Infrastructure

      4. 5.2.4 Other Applications

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 United States

        2. 5.3.2.2 Canada

        3. 5.3.2.3 Mexico

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 United Kingdom

        3. 5.3.3.3 Italy

        4. 5.3.3.4 Russia

        5. 5.3.3.5 France

        6. 5.3.3.6 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 Saudi Arabia

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Kastamonu Entegre

      2. 6.4.2 Norbord Inc.

      3. 6.4.3 Roseburg Forest Products Company Inc.

      4. 6.4.4 Boise Cascade

      5. 6.4.5 Columbia Forest Products

      6. 6.4.6 Kronoplus Limited

      7. 6.4.7 Wanhua Ecoboard Co. Ltd

      8. 6.4.8 Century Ply

      9. 6.4.9 Peter Benson (Plywood) Limited

      10. 6.4.10 Sonae Indústria SGPS SA

      11. 6.4.11 Georgia-Pacific Building Products

      12. 6.4.12 Egger Group

      13. 6.4.13 Associate Decor Limited

      14. 6.4.14 D&R Henderson Pty Ltd

      15. 6.4.15 Krifor Industries

      16. 6.4.16 Sahachai Particle Board Co. Ltd

      17. 6.4.17 Siam Riso Wood Products

      18. 6.4.18 Sierra Pine

      19. 6.4.19 Timber Products Company

      20. 6.4.20 Uniboard

      21. 6.4.21 UPM-Kymmene Oyj

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Development of New Methods to Manufacture Particle Boards

**Subject to Availability

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