5 March 2019: 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.
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.
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Particle Board Market
by Geographical Regions:-
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
For detailed
Information of Market Dynamics, Size, Trends, Visit our report at: https://www.millioninsights.com/industry-reports/particle-board-market
The market may be categorized
based on end-users like infrastructure, construction, furniture, and others
that could be explored in the forecast period. Furniture sector accounted for
the substantial market share of particle board and is estimated to lead the
overall market in the years to come. The reason behind the growth of this
sector could be changing lifestyle and preference for furniture style. In
addition, the construction sector is estimated to grow at the fastest pace in the
years to come.
The key players of particle
board market are UPM, Associate Decor Limited, Uniboard, Boise Cascade, Timber
Products Company, D&R Henderson Pty Ltd., Sierra Pine, Green Land Particle
Boards, Siam Riso Wood Products, Krifor Industries, Sahachai Particle Board
Co., Ltd., Menard Inc., Roseburg, and Panel World. These players are
concentrating on inorganic growth to sustain themselves amidst fierce
competition.
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