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Global Fiberboard Market to Experience Significant Growth during the Forecast Period 2018-2028
The revenue growth of the global fiberboard market is estimated to exceed over 6% during the forecast period of 2018-2028.
This Fact.MR report studies the global fiberboard market for the period 2018–2028. The prime objective of this report is to offer insights and key market trends pertaining to the global fiberboard market that gradually help transform global businesses. The market numbers have been assessed by carefully scrutinizing the fiberboard production, export and import scenario of countries in all the seven key regions, for the current year, as well as the historical performance of the market. Market size and forecast for each segment in the fiberboard market has been provided in the context of regional markets. All the segmentation for fiberboard has been considered after appropriate secondary research and revalidation of the data obtained through interviews with key thought leaders in the industry. The market has been forecast based on constant currency rates.
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Building and Construction Sector to Stay at the Forefront of Fiberboard Market
Since the dawn of rampant urbanization, building and construction industry is gaining significant attention, primarily in regions of APAC witnessing drastic growth. The key factor responsible for this overwhelming call is the burgeoning rise in number of single person households. The mushrooming number of new household and construction projects is also likely to pose as a predominant factor pushing growth of fiberboard market. In case of countries like India and China, which are witnessing rapid urbanization, this demand is foreseen to be highly prominent. The region of MEA, primarily Africa, is poised to record meteoric growth in the fiberboard market during the assessment period. Roofing applications and renovations with regard to flooring & paneling are expected to complement the growth ambit of fiberboard market.
The Sustainability Revolution to Pave New Avenues for Fiberboard
One of the preeminent factors accentuating growth of global fiberboard market is its sustainable roots. Maximum of the medium density fiberboard (MDF) available in the market has been synthesizes using recycled wood, unlike the solid wood adversary which doesn’t adhere much to sustainability. This sustainable-driven aspect makes it an ideal choice among the environment-savvy customers. A major fraction of customers hailing from different parts of the world are concerned about the adverse effects resulting from violence of sustainability, which makes them stand out as a prominent customer base with regard to medium density fiberboard. Activities such as interior paneling and flooring for enhancing appeal of households seek for environment friendly options, thereby propelling the growth of fiberboard market. Massive number of trees being sliced off for solid wood applications makes fiberboard market gain an edge, as far as influence on environment is concerned.
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Medium Density Fiberboard/High Density Fiberboard to Generate Massive Revenues, Segment to Witness Meteoric Growth
The medium density fiberboard/ high density fiberboard (MDF/HDF) segment is foreseen to retain its leading position in the market. Gaining huge traction due to its superior performance in altering temperature and moisture gradients, MDF/HDF is being increasingly sought by building and construction companies. It is foreseen to manifest an impressive growth rate during the forecast timeline. For any company vying to capture a wider customer base, it is highly recommended to focus on developing product capacity of their respective MDF lines.
Market taxonomy of fiberboard market has been entailed by segregating it into segments such as board type, medium/ high density fiberboard, and others. Fiberboards are witnessing extensive use across application areas such as roofing, sound proofing, exterior sheathing, flooring, and others. This holistic research report traces progression of fiberboard market across regions of North America, Latin America, Europe, CIS & Russia, MEA, APEJ, and Japan.
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