Medium Density Fiberboard Market to Register CAGR of 5.6% from 2021 to 2028; Century Ply Engages in a Contract with Flipkart Set to Bolster Growth

The global Medium Density fiberboard market size was USD 38.25 billion in 2020. The market is projected to grow from USD 39.04 billion in 2021 to USD 57.11 billion in 2028 at a CAGR of 5.6% during the 2021-2028 period.

This information is presented by Fortune Business Insights™, in its report, titled, “Medium Density Fiberboard Market Size, Share & COVID-19 Impact Analysis, By Type (Standard, Moisture Resistant, Fire-Rated), Application (Furniture, Construction & Flooring, Interior Designing, Packaging, and Others), and Regional Forecast, 2021-2028.”

According to our expert analysts, the backing from several governments across the world to augment the sustainability of the construction industry has offered an impulse to the demand for wood products such as plywood, particle boards, and MDF. For example, Ministry of Agriculture, Forestry, and Fishery (MAFF) in Japan has issued a rule to endorse the usage of wood supplies in the construction of public buildings. Such rules are estimated to thrust the demand for these wood-grounded products in the upcoming future.

COVID-19 Pandemic Significantly Disrupted Supply Chain of MDF

The entire industry has been disturbed by the spread of coronavirus. Many major wood producing countries had announced lockdowns since the first half of 2020, which has affected the supply of wood and consequent products like wood fibers. Besides, many companies operating in the global market also faced restrictions in their production activities, which has disrupted the entire supply chain of this market.

ARAUCO Acquires Prime-Line, Inc. to Strengthen its Influence in North America

ARAUCO, which is a global manufacturer of wood products, declared that it has engaged in a contract to procure Prime-Line, Inc., which is a confidentially held producer of MDF molding and millwork products. This procurement fortifies ARAUCO’s existence in the North American molding industry with an incorporated solution that enriches its capability to offer its customers with value-added goods.

Further, Prime-Line was started in Malvern, Arkansas, in 1996. Moreover, in 2014, the company extended with a novel, state-of-the-art unit on a site neighboring to ARAUCO’s MDF production facility in Malvern. The 100,000-square-foot unit comprises three totally automatic molding lines with a mounted yearly volume of 135,000 m3. ARAUCO has been involved for a long-period with Prime-Line and has been their principal provider of MDF board for several years.

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Rising Implementation of Wood Flooring to Augment Growth for this Market

The growing population in nations such as India, Brazil, China and the U.S., has driven the demand for housing and public infrastructure, which is estimated to help the market in the upcoming future. The greater expenditure capability of the populace will shove the demand for products that can refine the visuals in living areas. The surging focus on the construction of intelligent houses and artistically structured interiors have revitalized the market for wood flooring. These factors are expected to contribute a vast amount towards the Medium Density fiberboard market growth during the forecast period.

Competitive Landscape

Novel Presentations and Procurements Set to Thrust Market Growth

All the important players in the Medium Density fiberboard sector frequently come up with proficient tactics that comprise partnerships, collaborative deals, acquisitions and mergers, product launches, and so on. These approaches spur their position as dominating players and also aid the other engaged companies as well.

Industry Development

• June 2020: Century ply declared its expedition into the Indian e-commerce by getting engaged in a contract with Flipkart, which is an Indian e-commerce mega company.

List of Key Players Covered in this Market Report

• Arauco (Chile)


• Centuryply (India)


• Daiken Corporation (Japan)


• Duratex (Brazil)


• Fantoni Spa (Italy)


• Greenpanel (India)


• M. Kaindl KG (Austria)


• Roseburg Forest Products (U.S.)


• Rushil Décor (India)


• Swiss Krono Group (Switzerland)


• Uniboard (Canada)


• Unilin (Belgium)


• VRG Dongwha (Vietnam)


• West Fraser Timber Co. Ltd. (Canada)


• Weyerhaeuser (U.S.)


• Kronospan (Switzerland)


• Egger (Austria)

Further Findings

• Furniture holds the dominant share among other applications. Owing to its cost-effective nature, MDF is quickly replacing plywood in the manufacture of furniture.


• Asia Pacific held the maximum Medium Density fiberboard market share and stood at USD 22.29 billion in 2020.

Table of Segmentation