Sustainability attributes of fiberboard fall perfectly in line with the growing environment consciousness among industrialists and consumers alike. This has further bolstered adoption of fiberboard in applications that include interior flooring and paneling. Rising requirement for deforestation, to cater demand from solid wood applications, will provide the fiberboard market an edge, concerning the environmental impacts.
The revenue growth of the global fiberboard market is estimated to exceed over 6% during the forecast period of 2018-2028. Fiberboard is expected to witness growth due to rising preference over the other alternatives such as solid wood and cheap plywood used in many emerging countries. Its high resistance to change in heat and humidity levels and potential to remain crack or expansion and contraction proof during climate change, adding to its durability is one of the major reasons for which the emerging regions are opting for fiberboard.
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Global Fiberboard Market Segments
By Board Type :
- Medium/Hard Density Fiberboard MDF/HDF
- Other Fiberboard
By Application :
- Sound Proofing
- Exterior Sheathing
- Flooring & Paneling
By Region :
- North America
- Latin America
- East Asia
- South Asia & Oceania
Competitive Landscape: Top Companies in Fiberboard Market
The global fiberboard market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.
Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced fiberboard.
Fact.MR has provided detailed information about price points of top manufacturers of fiberboard market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.