Medium-Density Fiberboard (MDF)

The global MDF market is estimated at around $108.1 million Cu.m in 2023, and the market is expected to grow at a CAGR of 2.6 percent between 2023 and 2026 reaching 116.8 million Cu.m by 2026

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    Medium-Density Fiberboard (MDF) market report transcript

    Medium-Density Fiberboard (MDF) Global Market Outlook

    • The global MDF market is estimated at around $108.1 million Cu.m in 2023, and the market is expected to grow at a CAGR of 2.6 percent between 2023 and 2026 reaching 116.8 million Cu.m by 2026

    • APAC is the highest demand-generating geography, followed by Europe. The construction industry inclusive of interior fit-outs is the major end user for MDF

    MDF Market Global

    • The MDF market, in terms of volume, is expected to be 108.1 million cubic meter in 2023 globally. The market is projected to grow steadily at a CAGR of 2–3 percent between 2023 and 2026

    • Demand from APAC and Europe regions constitutes nearly 90 percent of the global MDF market in terms of volume

    • In terms of volume, the global MDF market is estimated to be reach 108.1 million cubic meter in 2023 from 105.3 million cubic meter of 2022 recording a growth of 2.7 percent and it is expected to grow at a CAGR of 2.6 percent by 2026 from 2023

    • Asia Pacific accounts for more than 65 percent of the global MDF market, and China is the highest consumer of MDF. As an estimate, China remains as the largest producer of MDF with production of more than 55 percent of the total global production in 2023

    • Europe accounts for nearly 20 percent of the global MDF market, and it is expected to witness a lesser increase up to 1 percent in 2023

    • Global MDF production was reduced by nearly 1.2 percent in 2020, due to COVID impacts, but slightly recovered in 2021, and the same recovery is continued in the past years and is anticipated to further increase, due to growing demand from construction and other major end-use industries

    • The demand for MDF in 2023 is expected to increase, due to strong demand from construction, interiors, and furniture industries, while global economies continue to recover from the COVID-19 pandemic

    Regional Market Overview for MDF

    • APAC will continue to retain a major share of the MDF market for 2023 and throughout the forecast period

    • Europe is expected to be next major shareholder of MDF market

    • Individually, by country, China will be the market leader, primarily due to increased construction activity and Germany remains the top MDF exporter in the forecast period

    • The market is matured in the North American region. The market is expected to reach 4 million cubic meter in 2023, as demand from residential and government infrastructure project is expected to drive the market

    • China is the largest producer and consumer of MDF. The Asia Pacific region MDF demand is driven by affordable housing and increasing construction activities in the region.

    • Europe’s supply and demand for wood and wood products including MDF is expected to remain impacted due to geopolitical tensions in Europe. Europe is the second largest exporter leaded by Germany, in terms of volume, following APAC for MDF

    Medium-Density Fiberboard Global Market Drivers and Constraints

    • Construction sector’s positive growth, increasing urbanization, growth in disposal income among middle income group resulted in building interior and furniture upgradation which is expected to drive the MDF market. Supply chain constraints and increased shipping and processing charges turned as negative.


    • Increased spending on uplift in housing interiors and steady growth in construction activities are driving MDF market growth and demand. Commercial and arctician developmental factors are also contributing positively for MDF usage.

    • Smoot texture and ease of wood carving made MDF an optimal selection for building project’s interior works as well as for light furniture where wear and tear are less. MDF laminated with melamine are in high demand.

    • Sustainable sourcing practices are resulting in positive growth for MDF. During construction activities dust pollution from MDF is very less compared to other boards, this is playing as a key factor in MDF growth as a part of Green Building practices across the globe.


    • Supply chain constraints are still continuing post Covid spread, these logistical congestions inflated chemical prices across the globe tremendously. Rising prices of chemical glues and polymer adhesives are concerned for manufactures, in recent times supply shortages of certain specialty chemicals like urea formaldehyde (UF) are also affecting MDF production negatively.

    • COVID-19 pandemic negatively impacted MDF manufacturing activities worldwide in addition to travel restrictions resulting in supply chain and transportation issues impacting material movements.

    • Stringent environmental norms, changes in regulations and new energy conservation policies across the globe might demand for new investments in technological advancements and upgrades in MDF sector towards more sustainable manufacturing processes, which might again increase prices.


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