Particle board, also known as particleboard and chipboard, is an engineered wood product manufactured from wood chips, sawmill shavings, or even sawdust, and a synthetic resin or other suitable binder, which is pressed and extruded. Oriented strand board, also known as flakeboard, waferboard, or chipboard, is similar but uses machined wood flakes offering more strength. All of these are composite materials that belong to the spectrum of fiberboard products.
Market Analysis and Insights: Global Particle Board Market
Due to the COVID-19 pandemic, the global Particle Board market size is estimated to be worth US$ 17460 million in 2022 and is forecast to a readjusted size of US$ 21410 million by 2028 with a CAGR of 3.5% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Raw Particleboard accounting for % of the Particle Board global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Furniture and Interior Decoration segment is altered to an % CAGR throughout this forecast period.
North America Particle Board market is estimated at US$ million in 2021, while Europe is forecast to reach US$ million by 2028. The proportion of the North America is % in 2021, while Europe percentage is %, and it is predicted that Europe share will reach % in 2028, trailing a CAGR of % through the analysis period 2022-2028. As for the Asia, the notable markets are Japan and South Korea, CAGR is % and % respectively for the next 6-year period.
The global major manufacturers of Particle Board include Kronospan, DareGlobal Wood, ARAUCO, Kastamonu Entegre, Plummer Forest Products, Evergreen Group, Associate Decor, Integrated Wood Components Inc. and PB China, etc. In terms of revenue, the global 3 largest players have a % market share of Particle Board in 2021.
Global Particle Board Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Particle Board Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Raw Particleboard
Fire Resistant Particleboard
Moisture Resistant Particleboard
Segment by Application
Furniture and Interior Decoration
Ceiling and Wall Paneling
Partition Walls
Doors
Flooring
By Company
Kronospan
DareGlobal Wood
ARAUCO
Kastamonu Entegre
Plummer Forest Products
Evergreen Group
Associate Decor
Integrated Wood Components Inc.
PB China
Royal Plywood Company
Segezga Group
Panel Plus
Kopine
Tafisa Canada
SWISS KRONO
Dew River
Roseburg
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina