Medium Density Fiberboard Market To Grow Strong With The Expanding Building And Construction Industry

Demand for sustainable products and government policies with respect to sustainable infrastructure and thriving green construction industry are amongst the factors driving global medium density fiberboard market over the forecast period of 2019-2026. MDF is considered more stable than solid wood as it offers better resistivity to humidity and heat. Hence, over the time it has become primary choice in the residential and commercial sector for flooring, furniture and cabinetry.  Global construction market is anticipated to grow by 3.9% per annum till 2030, as per Oxford Economics study. Total revenue from construction market is estimated to reach around $15.5 trillion with respect to volume by 2030 from $2.5 trillion in 2015. The growth is mainly driven by increasing investments in sustainable infrastructure projects, positive economic outlook for developed & developing economies, and expanding middle class population especially in emerging economies.

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Growing residential investments in India and China to augment demand for MDF in Asia Pacific region

As per the United Nation, India and China ranked as top 2 countries with highest rural population and is projected that by 2050 India and China would add 404 million and 292 million urban dwellers respectively. To accommodate such large population it is anticipated that a large investment would be made in residential sector. MDF are specially used in the residential sector for the manufacturing of cabinet, door, windows, decorative panels and other. The real-estate market in India is expected to reach to $180 billion by 2020 from $126 billion in 2015 as per the India Brand Equity Foundation. The housing sector contributes over 5-6% to Gross Domestic Product (GDP) of India. The real estate sector in India is estimated to attract the fund of around $7 billion in 2017, which is expected to increase to $10 billion by 2020. Indian government in 2014 announced smart city development plans in country and plans to develop 100 smart cities that presents a prime opportunity for real estate companies in India. Further implementation of China real estate development program and China Western Development Program has led to high investment in the housing sector in China. As per the international trade administration the construction market in China was valued at $717.71 billion in 2016 which is expected to swell to $ 1042.17 billion by 2021 representing approximately 45% increase in 5 years.