Particle Board Market Share, Growth Opportunities, Future Trends and Forecast Report

 The Global Particle Board Market research report provides insights on industry scope, global trends, regional estimates, competitive landscape, and financial performance of prominent companies. This study offers numerous opportunities for market players to invest in research and development. This syndicated research report also gives information about the market application, product insights, and ready, data-driven answers to many industry-level questions.

Market Overview:

Global Particle Board Market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. Particle board is also termed as chipboard or low-density fiberboard (LDF). It is an engineered wood product manufactured from synthetic resin, wood chips, sawdust, or sawmill shavings by heat pressing method. Chemicals like release agents, wax, wetting agents, and dyes are used to make the final product insect-proof, water resistant, and fireproof.

Key Players:

• UPM
• Associate Decor Limited
• Uniboard
• Boise Cascade
• Timber Products Company
• D&R Henderson
• Sierra Pine

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Growth Drivers:

The factors that are playing a major role in the growth of the market are easy availability of raw materials, high demand for particle board in the furniture industry, and its unique sound-absorbing properties. However, the presence of alternatives may restrain overall market growth in the years to come. Particle board market is segmented based on raw material, end-user, and region.

Market Segment:

Key Regions
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America

Regional Insights:

Globally, Europe accounted for the significant market share of particle board and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be developing construction industry in this region. Instead, North America and the Asia Pacific are also estimated to have a positive influence on future growth. North America is the second largest region with significant market share.

However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period. The aspects that may be ascribed to the growth comprise growth in construction and furniture industry and government initiative by approval of the GST bill. The developing countries like India and China are the major consumers of particle board in this region.

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