The global particle board market reached a value of US$ 21 Billion in 2020 and expects the market to grow at a CAGR of 4.4% during 2021-2026.
Sheridan, United States - August 4, 2021 /MarketersMedia/ —
According to the latest report by IMARC Group, titled “Particle Board Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global particle board market reached a value of US$ 21 Billion in 2020. Looking forward, IMARC Group expects the market to grow at a CAGR of 4.4% during 2021-2026.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Particle board, or low-density fiberboard (LDF), is made from wood chips, sawdust, sawmill shavings, synthetic resin, or other suitable binders, which are extruded and pressed. Numerous product variants are available based on size, the geometry of particles, density, and amount of adhesive used. Particle boards are affordable, easy to install, lightweight, have a uniform surface, provide aesthetic value, etc. They are extensively used as building materials for infrastructure, furniture, and concert venues and recording studios.
The expanding construction industry represents one of the primary factors driving the market for particle boards. This material is environmentally friendly and requires minimal maintenance. Furthermore, particle boards have thermo-acoustic insulation properties and can be used in speakers and false ceilings of theaters, auditoriums, etc. Besides this, particle boards find wide applications in windows, kitchen cabinets, modular partition systems, doors, window/ floor coverings, etc., which is catalyzing the market growth. Additionally, improving living standards and shifting consumer preferences are encouraging consumers to opt for furniture made with particle boards, which will continue to strengthen the market growth in the coming years.
Particle Board Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The competitive landscape of the global particle board market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Market Segmentation:
The report has segmented the global particle board market on the basis of sector, application and region.
Breakup by Sector:
• New Construction
• Replacement
Breakup by Application:
• Residential
• Commercial
Breakup by Region:
• Asia Pacific
• North America
• Europe
• Latin America
• Middle East and Africa
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/particle-board-market
Key highlights of the report:
• Market Performance (2015-2020)
• Market Outlook (2021-2026)
• Industry Trends
• Market Drivers and Success Factors
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, and nanotechnology industries. We also provide cost model and manufacturing setup project reports through Syndicated Analytics, a subsidiary of IMARC Group.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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Source: MarketersMedia
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