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Changing Technology Increases Consumer Demand - Particle Board Market

The Global Particle Board Market was valued at USD 19.7 Billion in 2020 and is expected to witness a 6.2% CAGR during the forecast period.

    Increasing rapid urbanization and inclination towards adding an aesthetic look to the interior of the building, coupled with increased spending capacity are some additional factors among others projected to support the revenue growth of the global market.  Increasing renovation and construction activities across the globe are one of the key factors expected to drive growth of the target market.

Top Key Players in market are Kronospan, DareGlobal Wood, ARAUCO, Kastamonu Entegre, Plummer Forest Products, Evergreen Group, Associate Decor, Integrated Wood Components Inc., PB China, Royal Plywood Company, Segezga Group, Panel Plus, Kopine, Tafisa Canada, SWISS KRONO, Dew River and Roseburg.

      India- The state of Gujarat has been pioneer in few areas of manufacturing e.g HPL, PVC boards, Adhesives, ACP, Sawn timber and Tiles and Sanitary. The wood particle board industry of Gujarat also figures as a major shareholder in the country. With more than two dozen lines producing particle board, the installed production capacity has crossed to 3500 cubic meters per day in this region, among them the most of the plants having 4 feet sizes boards manufacturing facilities, with a few with six feet board sizes. There are news of two new Particle Board plants coming up in Morbi and Rajkot, who will commence their commercial production in next couple of month.

      Oct 2020-Egger’s first plant in North America – the new particleboard operation at Lexington, North Carolina – has produced its first board. After a construction period of over two years and an investment of around €440m, the plant now becomes Egger’s 20th plant worldwide. In keeping with tradition, the project team gathered at the Siempelkamp ContiRoll press to produce the first raw chipboard and proudly signed the result. In full operation, the production capacity will be 650,000m3 of raw particleboard per year, a large part of which will be finished with decorative surfaces.

      Kronospan –Oct 2020 as the leading provider of surfacing solutions for commercial and residential projects worldwide, we offer products that bring beauty and safety to your spaces.

Our products with a melamine resin surface have been tested in accordance with the internationally recognised ISO 22196:2011. This standard evaluates the antibacterial activity of plastics and other non-porous surfaces and measures the reduction in bacteria over a 24 hour period, as well as the effectiveness of the antibacterial properties on the surface. Kronospan products with a melamine resin surface are inherently hygienic and can be disinfected, due to the density of their surface and ease of cleaning. This makes them suitable for use in shops, restaurants, hospitals and other public institutions.

        June 29, 2020 - ARAUCO announced the addition of Fibrex Beadboard to its Fibrex High Density Fiberboard (HDF) line produced at the company’s St. Stephen, N.B., and facility. The durable, HDF beadboard, for residential and commercial interiors, is offered in both two inch and four inch on-center groove patterns. Fibrex Beadboard is offered in a standard thickness of 4.8 mm, with standard sheets sizes of 48” x 96” and 32” x 48” ideal for wainscot. Custom thicknesses are available from 4.8 mm up to 6 mm, as well as cut-to-size (CTS) options with applicable minimum purchase volumes. The beadboard panel is also available raw with these standard and custom options. Shipments are underway.

     Segmentation by Raw Material consists of Shavings, Flakes, Sawdust and Chip. Segmentation by Application it has Furniture and Construction. Geographically it has segregated into North America, Europe, Asia-Pacific and Middle East & Africa. Further In revenue Asia-pacific has accounted largest market in particle board. In addition, the strong presence of the furniture manufacturing industry in developing countries such as India and China is a factor projected to support the revenue growth of the target market in this region. Among the application segments, the furniture segment is anticipated to account for significant shares of the global market, in terms of revenue, owing to increasing demand for low-cost and aesthetic furniture globally.

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