Particle board, also known as low-density fibreboard (LDF), refers to an engineered wood which is produced using a mixture of sawmill shavings, wood chips, sawdust, and a synthetic resin. These raw materials are then pressed together and extruded in order to form a sheet of particle board. Particle board finds vast applications as a building material in several global building projects. Additionally, a variety of particle boards is available in the market based on their sizes, density, geometry of particle and amount of adhesive used. A new research report titled “Particle Board Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024” by IMARC Group estimates that the global particle board market was worth US$ 19.3 Billion in 2018. The report further anticipates the market to reach US$ 25 Billion by 2024, at a projected CAGR of 4.2% over the forecast period.
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Global Particle Board Market Drivers/Constraints:
Market Segmentation:
Market Breakup by Region
1. Asia Pacific2. North America3. Europe4. Latin America5. Middle East and Africa
Market Breakup by Application
1. Residential2. Commercial
Market Breakup by Sector
1. New Construction2. Replacement
Some of the leading players operating in the market are:
KastamonuRoseburgNorbordBoise Cascade (NYSE: BCC)Columbia
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