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NEW YORK , Feb. 2, 2022 /PRNewswire/ -- The "Particle Board Market by End-user and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the particle board market between 2021 and 2026 is USD 6.00 billion . The report also identifies the market to register a CAGR of 4.88%.
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The rising number of infrastructural and construction activities and cost-effectiveness are some of the key market drivers. The growing demand for multi-family buildings as well as the rise in migration to cities has prompted the US Census Bureau to provide several permits for the construction of new residential buildings. Residential construction is showing signs of more sustainable momentum, which is underpinned by moderate economic growth in Mexico, Australia , and Canada . In developing countries such as India and Australia , the demand for residential accommodation will increase, owing to the increasing population and urbanization.
Low durability is one of the key factors hindering the particle board market size growth. Particle board swells and warps in the presence of moisture. The low durability of particle board is expected to hinder the growth of the market in focus during the forecast period. Also, at the absolute least, moisture exposure may cause particle board to shrink and expand, as well as warp and bend, which is obviously undesirable.
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The particle board market report is segmented by End-user (Residential, Commercial, and Industrial) and Geography (APAC, North America , Europe , MEA, and South America ). The residential end-user segment held for the largest particle board market share in 2020 and will lead the market throughout the forecast period. Particle board is becoming more popular as a building material due to its wide range of applications and low cost. Particle boads are used for flooring applications, partitioning or wall paneling, and furniture. The APAC will be the leading region with 40% of the market's growth during the forecast period. China and India are the key markets for the particle board market in APAC. The rapidly growing construction industry and the rising demand for single-family and multi-family house construction projects across countries in APAC, such as China , Japan , and India , are expected to support the growth of the regional market during the forecast period.
View our sample report for additional insights into the contribution of all the segments, and regional opportunities in the report.
Some Companies Mentioned with their Offerings
Other Companies Mentioned with their Offerings
Drywall and Gypsum Board Market by Application and Geography - Forecast and Analysis 2022-2026
Reclaimed Lumber Market by End-user and Geography - Forecast and Analysis 2022-2026
Composite Materials Market by Fiber Type and Geography - Forecast and Analysis 2021-2025
Accelerate at a CAGR of 4.88%
APAC, North America, Europe, MEA, and South America
US, China, Germany, India, and UK
Leading companies, competitive strategies, consumer engagement scope
Associate Decor Ltd., Boise Cascade Co., Century Prowud, Columbia Forest Products Inc., D and R Henderson Pty Ltd., Fritz Egger GmbH and Co. OG, Kastamonu Integrated Wood Industry and Trade Inc., Koch Industries Inc., Krifor Industries Pvt. Ltd., and Kronoplus Ltd.
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email:[email protected] Website: www.technavio.com/
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