Key Findings
The North America medium density fiberboard (MDF) market is estimated to progress at a CAGR of 3.66% during the forecast period, 2019-2028. The rising environmental concerns among the consumers have resulted in increased demand for engineered wood products like MDF. This is set to propel market growth.
Market Insights
Canada and the United States are assessed for the North America medium density fiberboard (MDF) market growth evaluation. Canada encompasses a highly developed, mixed economy. Before the Coronavirus pandemic negatively affected the markets, the manufacturing industries in Canada were growing at a healthy rate. This was possible due to the conducive business policies in the global and domestic markets, and a strong R&D infrastructure network. The pandemic is set to negate the growth of the construction industry in the second quarter of 2020. However, the industry is set to revive itself in the coming years, given the rising construction activities. The recent past has witnessed steady growth in the commercial and residential sectors. The hotel construction is also recording fast-paced growth in the country. Several government projects, like Made in Canada, the Affordable Housing Initiative (AHI), and the New Building Canada Plan (NBCP), are set to supplement the sector’s growth. There are also several high-residential construction projects lined up, which is set to be beneficial for growth in the coming years. Such factors are set to augment the demand for medium-density fiberboard in the forecast period.
Competitive Insights
Some of the prominent companies in the market include, Arauco, Korosten MDF Manufacture, Masisa (Grupo Nueva Company), Fantoni SPA, Kastamonu Entegre, etc.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation cater to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments