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Allied Market Research

Particle Board Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

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Dec 2020 | 29 Views
 
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COVID-19

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Particle board is the wooden board that is made of chips of wood, sawdust which is glued together and compressed under hot temperature. The materials that are used to manufacture particle board are sawdust, wooden flakes, glue, shavings, and chips. Thus, it also named as chipboard. Particle boards are available in various types according to their geometry and density. They are most often used as an building material in various construction projects. They are further used as the substitute to plywood in furniture manufacturing. Particle boards are more denser and smoother than the plywood. Moreover, they are environment-friendly than plywood as particle board are made of wooden chips, while the plywood are made from the veneer of timber.

Market scope and structure

Report Metric

Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)

  Segments covered

  Application, type, product, and region

  Companies covered

Wanhua Ecoboard Co. Ltd, Georgia-Pacific Building Products, Krifor Industries, UPM-Kymmene Oyj, Roseburg Forest Products Company Inc., Columbia Forest Products, and Peter Benson (Plywood) Limited, Timber Products Company, Menard, Inc., and Uniboard

 

 

 

 

 

 

 

Regions covered

North America

Europe

Asia Pacific

LAMEA

US, Canada, and Mexico

Germany, France, UK, Italy, and the Rest of Europe

China, Japan, India, South Korea, and the Rest of Asia Pacific

Latin America, Middle East, and Africa

 

COVID-19 scenario analysis:

  • The demand for the particle board is expected to decrease in the year 2020 due to lockdown imposed by the government and low demand from construction industries.
  • Coronavirus has affected the import and export of construction materials. China is the largest exporter of construction materials globally. Negative trends in the economy of China are anticipated to reduce the global import and export throughout the globe.
  • Demand for new construction materials have witnessed a massive negative shift since the corona outbreak in December 2019, with manufactures and investors fearing an excessively receding economic growth.
  • Travel prohibitions around the globe have affected the trade of construction materials. Thus, the supply and demand for construction materials are almost halted throughout the globe.
  • Construction materials manufacturing companies located in China, are the major sufferers of from the virus outbreak, owing to lockdown and unavailability of logistics in the region.
  • The major hindrance for the global construction materials market comes from the orders of home quarantine by respective governments, which has led to the discontinuing of production of construction materials.
  •  Decreased consumer demand and consumption have led to reduction and slowdown of sales of construction materials all over the globe over the course of the current economic year.
  • Therefore, the particle board market is expected to be negatively affected in 2020.

Top impacting factors: market scenario analysis, trends , drivers, and impact analysis

Increasing demand for the furniture in various residential and commercial areas such as office spaces is driving the particle board market. Increasing number of interior designing and construction activities is significantly driving the growth of particle board market. Increasing ecological products in the market is growing the demand for the particle board owing to its recyclable properties. The particle boards act as an cost effective substitute to the plywood boards which can be a major growth driver for the particle board market. Further, the particle board comes in various geometrical shapes and in different sizes. For example, a large cabinet can be made with a single particle board without any joints. Thus, acting as a growth driver for particle board market. Asia- pacific region countries like India, China and Japan to witness a significant growth in the market of particle board due to increasing infrastructure, commercial & residential buildings and their furniture industries. However, the low quality and less durability compared to the plywood material can be a major restraint that can hamper the growth of the market. 

The global particle board market trends are:

New product launches to flourish the market

In the past few years, the particle board is gaining popularity in terms of cost effective engineered wood panel in many commercial applications. On January 2018, one of the global leader in the wood panels Uniboard has launched a NU Green medium density particle board. The NU green MDF is Forest Stewardship Council certified and is rated as MR10 product. These particle board can be used in the interior designing of residential and commercial buildings. These particle board are fire resistant, and has a recycled wood chips and flakes. These product is generally used for flooring, office furniture, cabinets and other such applications.  

High demand from applications :

The particle board is used as a building material which is gaining popularity due to its various applications, low cost and an eco-friendly product. The various applications include flooring, wall paneling, false ceilings, door material, furniture and in other commercial applications. The particle board is used as a flooring material in buildings where the load of the material is considered as the priority. Further, the laminated particle board is used in the partitioning of wall and giving an aesthetic look to the wall. Moreover, the particle board is used in the wall as they have thermal and sound insulation properties. It is used as false ceiling in the air conditioned rooms due to their thermal insulation properties. The particle board is also used in the furniture industry for making of beds, cabinets, shoe racks, tables and others such products. 

Key segments covered:

Segments

Subsegments

  Raw material

  • Wooden flakes
  • Wooden chips
  • Sawdust
  • others

  End user

  • Commercial
  • Residential
  • Industrial

  Applications

  • Furniture
  • Construction
  • others

 

Key benefits of the report:

  • This study presents the analytical depiction of the particle board market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the particle board market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the particle board market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years. 
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

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With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

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Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

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Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

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AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
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