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Global Medium Density Fiberboard market accounted for $62.40 billion in 2019 and is expected to reach $120.80 billion by 2027 growing at a CAGR of 8.6% during the forecast period.
Easy availability of raw materials and increase in demand for Medium Density Fiberboard for furniture are the major factors propelling market growth. However, the occurrence of exterior substitutes including glass, wood-plastic composites, and fiber in high-end applications is hampering market growth.
Medium-density fiberboard or dry-process fiberboards contain a fiber wetness content of less than 20% at the stage of forming and a density ? 450 kg/m3. These boards are fundamentally produced under heat and pressure, with the adding up of a synthetic adhesive.