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Fiberboard Market

Fiberboard Market

Fiberboard Market Analysis Report By Board Type (Hardboard, Medium/Hard Density Fiberboard MDF/HDF), By Application (Roofing, Sound Proofing, Exterior Sheathing), By Region - Global Insights 2022-2032

Fiberboard Market
FACT1589MR

Global Fiberboard Market Outlook

The global fiberboard market is estimated at USD 25.1 Billion in 2022 and is forecast to surpass USD 54.7 Billion by 2032, growing at a CAGR of 8.1% during 2022-2032.

Report Attributes

Details

Base Year Value (2021A)

USD 24.8 Billion

Estimated Year Value (2022E)

USD 25.1 Billion

Projected Year Value (2032F)

USD 54.7 Billion

Global Growth Rate (2022-2032)

CAGR 8.1%

East Asia Market Share in 2021

~32%

East Asia Growth Rate (2022-2032)

CAGR 8.3%

Top 5 Companies Market Share in 2021

~35%

Key Companies Profiled

  • Evergreen Fibreboard Berhad
  • KRONOSPAN Verwaltungs-und mbH
  • Kastamonu Entegre Agac Sanayi ve Ticaaret A.S.
  • UAB Grigeo Baltwood
  • Georgia Pacific Building Products LLC
  • Jining Best Star Wood Co Ltd.
  • Coillte Group
  • Finsa Forest Products S.A.
  • Norbord Inc.

The global fiberboard market contributed by providing around <1% of the total revenue for global construction industry in 2021. The global fiberboard market is estimated to provide an absolute $ opportunity of USD 2,167 Million during the assessment period of 2022-2032.

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Medium Density Fiberboard/High Density Fiberboard to Generate Massive Revenues, Segment to Witness Meteoric Growth

The medium density fiberboard/ high density fiberboard (MDF/HDF) segment is foreseen to retain its leading position in the market. Gaining huge traction due to its superior performance in altering temperature and moisture gradients, MDF/HDF is being increasingly sought by building and construction companies.

It is foreseen to manifest an impressive growth rate during the forecast timeline. For any company vying to capture a wider customer base, it is highly recommended to focus on developing product capacity of their respective MDF lines.

Fiberboard Market Historical Overview (2017-2021) Vs. Forecast Outlook (2022-2032)

  • East Asia fiberboard market have been generating maximum revenue for fiberboard manufacturers from past half-decade. Around 32% of overall market valuation for fiberboard was generated by East Asian countries in 2021 which is forecast to surpass valuation of USD 19.5 Billion by 2032 end, growing with 8.3% CAGR. Fiberboard business in China is generating around 67% market share and is projected to grow with exciting CAGR of 8.4% during 2022-2032.
  • Massive number of trees being sliced off for solid wood applications makes fiberboard market gain an edge, as far as influence on environment is concerned. Thus, this market grew with CAGR of 7.4% with an absolute $ opportunity of USD 13.9 Billion during 2017-2021.
  • By board type, medium density fiberboard held the maximum market share of 48% in 2021 and is expected to gain 570 BPS within the forecast period and will contribute the market with share of ~55.3% forecast around USD 30.2 Billion by 2032 end.
  • Under applications for fiberboard, construction is anticipated to hold market share of ~83.4% in 2022 and is likely to provide an absolute $ opportunity of USD 27.9 Billion by reaching a market valuation of USD 48.7 Billion by the end of forecast period in 2032.

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Region-wise Insights

How East Asia projected to Witness High Demand Growth for Fiberboard Market for Upcoming Half-Decade?

The East Asia fiberboard market is expected to provide maximum absolute $ opportunity to its manufacturers comprehended by the availability of strong supply chain networks of fiberboard manufacturers in this region.

Maximum of the medium density fiberboard (MDF) available in the market has been synthesized using high quantity of recycled wood available in Asian counties, unlike the solid wood adversary which doesn’t adhere much to sustainability.

This sustainable-driven aspect makes it an ideal choice among the environment-savvy Asian customers of fiberboard. A major fraction of these customers hailing from different parts of the East Asia are concerned about the adverse effects resulting from violence of sustainability, which makes them stand out as a prominent customer base with regard to medium density fiberboard.

Activities such as interior paneling and flooring for enhancing appeal of households seek for environment friendly options, thereby propelling the growth of East Asia fiberboard market with CAGR of 8.3% during the forecast period of 2022-2032. Considering the above analysis, East Asia fiberboard market is forecast to surpass USD 19.5 Billion in 2032 with around ~71.7% share generated through China fiberboard market during the same year.

Fiberboard Market forecast analysis by Fact.MR

Category-wise Insights

Which Sector to Stay at the Forefront of Fiberboard Market?

Building and construction sector to stay at the forefront of fiberboard market for at least upcoming decade. Since the dawn of rampant urbanization, building and construction industry is gaining significant attention, primarily in regions of APAC witnessing drastic growth is estimated to stay most lucrative region for this fiberboard product.

The key factor responsible for this overwhelming call is the burgeoning rise in number of single person households. The mushrooming number of new household and construction projects is also likely to pose as a predominant factor pushing growth of fiberboard market.

In case of countries like India and China, which are witnessing rapid urbanization, this demand is foreseen to be highly prominent. The region of MEA, primarily Africa, is poised to record meteoric growth in the fiberboard market during the assessment period.

Roofing applications and renovations with regard to flooring & paneling are expected to complement the growth ambit of fiberboard market. Thus, comprehending the aforementioned factors, fiberboards in building and construction sector is projected to generate around ~89.1% market valuation for fiberboards by 2032 end and is forecast to surpass market value of USD 48.7 Billion during the same.

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Competitive Landscape: Top Companies in Fiberboard Market

The global fiberboard market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.

Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced fiberboard.

Fact.MR has provided detailed information about price points of top manufacturers of fiberboard market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

Global Fiberboard Market Segments

  • By Board Type :

    • Hardboard
    • Medium/Hard Density Fiberboard MDF/HDF
    • Other Fiberboard
  • By Application :

    • Construction
      • Roofing
      • Sound Proofing
      • Exterior Sheathing
      • Flooring & Paneling
    • Others
  • By Region :

    • North America
    • Latin America
    • Europe
    • East Asia
    • South Asia & Oceania
    • MEA

- FAQs -

The global value of fiberboard market is estimated to be worth over USD 25.1 Billion in 2022.
The demand is anticipated to surpass USD 54.7 Billion by 2032 end.
During 2017-2021, global fiberboard market grew at 7.4% CAGR.
Medium Density Fiberboard is estimated to provide an absolute $ opportunity of USD 27.9 Billion during the forecast period (2022-2032).
East Asia topped the global fiberboard market accounting for 32% of its total market valuation in 2021.

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.

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