rising number of infrastructural and construction activities is driving the Particle Board Market

Latest News:- Particle Board Market: Residential is expected to lead the End-user segment during 2024-2028

Technavio analyzes that the Particle Board Market is expected to grow at a CAGR of 4% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 4792.1 million.There are various factors that contribute to the growth of the market. The surge in infrastructure and construction projects worldwide is driving the demand for particle board, a versatile and cost-effective building material. This trend is attributed to its numerous applications, including cabinetry, furniture, roofing, and flooring, making it an essential component in the construction industry's growth. The increasing adoption of particle board in various sectors, such as residential and commercial, further bolsters its market expansion.

Particle board, derived from wood waste such as chips, sawdust, and shavings bonded with resin, has gained significant traction in the construction industry due to its versatility and cost-effectiveness. This eco-friendly building material is increasingly used as an alternative to plywood or medium-density fiberboard, particularly in residential applications. In DIY projects and home improvement, particle board serves as a viable option for flooring in temporary structures or as a protective covering for hardwood floors. Additionally, it is utilized extensively in furniture manufacturing and prefabricated components for renovation projects and office buildings. 

Know which region is leading the market growth by requesting a sample report

Particle Board Market Segmentation

• End-user
  • Residential
  • Commercial
  • Industrial
• Geography
  • APAC
  • North America
  • Europe
  • Middle East and Africa
  • South America

Top Performing Companies

As per our research findings, here are some of the key competitors that are leading the industry

• Associate Decor Ltd.
• Boise Cascade Co
• Century Prowud
• Columbia Forest Products Inc.
• D and R Henderson Pty Ltd.
• Dakota Premium Hardwoods LLC
• Fritz Egger GmbH and Co. OG
• Kastamonu Integrated Wood Industry and Trade Inc.
• Koch Industries Inc.
• Krifor Industries Pvt. Ltd.
• Kronospan Ltd.
• Peter Benson (Plywood) Ltd.
• Roseburg Forest Products Co.
• Siam Riso Wood Products Co. Ltd.
• Sonae SGPS SA
• Timber Products Co.
• UCS Forest Group
• Uniboard Canada Inc.
• Wanhua Ecoboard Co. Ltd.
• West Fraser Timber Co. Ltd.

Find out what is trending in the market by accessing the free PDF report

Research Analysis Overview

The Particle Board Market encompasses various applications, including furniture and interior design, construction, and affordable housing. Furniture applications range from plain particle board for DIY projects to high-end laminated and pre-laminated particleboard for luxury furniture. In construction, particle boards are used for modular and prefabricated components, sustainable building practices, and fire-retardant and moisture-resistant options. Engineered wood products, such as low-density fiberboard, are also part of this market. Particle boards are utilized in various interior applications, offering aesthetic appeal, mechanical properties, and versatility for renovations, office buildings, and kitchen and bathroom cabinets. Subfloors, particleboard doors, and wooden panel products are other significant applications in the market.

Market Research Overview

The particle board market is a significant segment of the global building products industry, encompassing manufacturers of affordable housing solutions, high-end particle boards for furniture and construction applications, as well as sustainable building materials that cater to modular construction, fire-retardant, and moisture-resistant requirements. The market's expansion is driven by the construction sector's growth, fueled by urbanization and infrastructure development in both developed and emerging economies. This trend is particularly pronounced in the areas of residential and healthcare facilities construction. As per Technavio's market analysis, the global building products market, which includes particle board manufacturers, is projected to grow due to the increasing demand for building components and home improvement products and equipment in response to the construction industry's robust expansion.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Reasons to Consider Purchasing Technavio Market Research Report

• Current Market Insights: Our reports offer valuable information on the latest market intelligence, competitor strategies, trends, industry changes, customer preferences, and forecasted market opportunities to aid in informed business decisions.


• Extensive Experience: With over 20 years in market research, Technavio is a trusted name, having published more than 21,000 reports across various industries and regions.


• High ROI Through In-Depth Research: Technavio specializes in tailored market research reports to meet specific business needs, exploring particular markets, product segments, and demographics. We are also recognized for delivering significant returns on investment through our comprehensive data collection at affordable prices.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/