The particleboard market reached a value of $17 billion in 2016, growing at a compound annual growth rate of nearly 6 percent during the seven-year period from 2009-2016, according to a new study of engineered wood from Research & Markets.
Some of the major players covered in the report are Kastamonu, Roseburg, Norbord, Boise Cascade, and Columbia Foest Products.
Particleboard is favored in construction related to one of the fastest growing market segments: recording studios and concert venues, due to its excellent sound-absorbing properties.
Particleboard is largely consumed in making home interior furnishings, mainly kitchen cabinets, bookcases, doors, etc. The market is expected to reach a value of $23 billion by 2022.
On the basis of end-use, the market is segmented as commercial and residential. The residential sector is the largest consumer for plywood, accounting for nearly three-fourth of the total global shares. The report has conducted an evaluation of the market on the basis of key regions and finds that Europe is the largest market for particle board. Some of the other major regions are North America, Asia-Pacific, Latin America and Middle East and Africa. The report has also analyzed the market on the basis of competitive landscape and has provided the details of the key players. Some of the major players are Kastamonu, Roseburg, Norbord, Boise Cascade, Columbia, etc.