SAN FRANCISCO, January 28, 2019
SAN FRANCISCO, January 28, 2019 /PRNewswire/ --
Global particle board market is estimated to grow at a substantial CAGR in the forecast period as the scope, product types, and its applications are increasing across the globe. Particle board, also termed as "Low-Density Fibreboard (LDF)", implies an engineered wood that is produced using a mixture of wood chips, sawmill shavings, a synthetic resin, and sawdust. The factors that propel the growth of the particle board market include easy availability, high demand, it acts as a fire resistance, moisture resistance, and high temperature resistance. Also, It is used as a construction material as it is affordable, dense, uniform, easy to install, light-weight, and eco-friendly in nature. On the other hand, there are factors that may hamper the growth of the market including possibility of weakening and loss of characteristic strength. Also, it cannot be employed for outdoor applications if it isn't treated with a sealing agent.
Particle board market may be explored by product type, raw material, application, and geography. Particle board market may be explored by product type as Particle board of other ligneous materials and article board of wood. Particle board market may be explored by raw materials as Flakes, Shavings, Chips and Sawdust. Particle board market could be explored based on application as commercial and residential. The "Residential" segment led the particle board market in 2016 and is anticipated to maintain its dominance by 2022. The key factors that may attributed to the growth of market includes high use of plywood in this sector. Particle board market is categorized based on geography into China, Canada, Germany, India, Japan, Italy, Indonesia, Spain, Malaysia, Poland, Mexico, Brazil, South Korea, United Kingdom, United States, Turkey. The "North America and Europe" segment led the particle board market in 2015 and is anticipated to maintain its dominance by 2022. The key factor that may attributed to the growth of market includes increasing demand from numerous end user industry.
The key players contributing to the robust growth of the particle board market comprise Associate Decor Limited, D&R Henderson Pty Ltd, Boise Cascade, Krifor Industries, Green Land Particle Boards among others. The leading companies are taking up partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry. The report package Global Particle Board Market to 2022 - Market Size, Development, Top 10 Countries, and Forecasts offers the most up-to-date industry data on the actual market situation, and future outlook for particle board in the world and in the top 10 global countries. Along with a global particle board market report the package includes country reports from the following countries: Austria, China, France, Germany, Italy, Poland, Spain, Turkey, United Kingdom, and United States.
Access 28 page research report with TOC on "Particle Board Market" available with Radiant Insights, Inc. @ https://www.radiantinsights.com/research/global-particle-board-market-to-2022
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