PUBLISHER: Market Research Future | PRODUCT CODE: 1709513
PUBLISHER: Market Research Future | PRODUCT CODE: 1709513
Report Information US Particle Board Market Research by Product type (Raw Particle Board, and Coated Particle Board), by Thickness (6mm, 12mm, 18mm, 25mm, and Custom Thickness), by Application (Furniture, Flooring, Kitchen, and Others), by Variant (Loose or Traditional, and Compact), by End User (Residential, and Non-Residential), by Dimention (2.8 meters x 2.1 meters (2800 mm x 2100 mm), 3.05 meters x 2.8 meters (3050 mm x 2800 mm), 3.05 meters x 1.5 meters (3050 mm x 1500 mm), 5.6 meters x 2.8 meters (5600 mm x 2800 mm), and 1.22 meters x 2.44 meters (48 inches x 96 inches)) Forecast to 2032
The Particle Board market is anticipated to experience substantial growth during the review period, with a compound annual growth rate (CAGR) of 4.78%. The market is anticipated to attain a value of USD 6,690.01 million by the conclusion of the forecast period (2024-2032), with an estimated value of USD 4,412.07 million in 2023.
The primary reason for the expansion of the U.S. particle board market is the growing demand for environmentally friendly and reasonably priced building materials from the construction and furniture sectors. The increased use of particle board can be attributed to the increase in residential and commercial construction activities that occurred in the aftermath of the housing surge, particularly in interior applications such as flooring, paneling, and cabinetry. Certainly, the market is expanding as a result of the trend toward environmentally friendly and cost-effective materials, such as particle boards, which are manufactured from recycled wood waste, sawdust, and wood chips. Additionally, the growing consciousness of deforestation has motivated manufacturers to implement environmentally friendly practices, which has subsequently increased demand.
The second primary factor is the development of technology in the production of particle boards. The product is firmer, stiffer, and more resistant to moisture. The product is significantly more appealing to consumers in the United States who are seeking reliable yet somewhat less expensive alternatives to solid timbers or plywood as a result of these attributes. The COVID-19 closure may have influenced the growing DIY home improvement trend, which may be an additional contributing factor. Particle boards are now easily accessible to consumers for a wide range of applications. The U.S. government's stricter regulations on formaldehyde emissions from composite wood products have incentivized manufacturers to employ safer and low-emitting particle boards.
The U.S. Particle Board market has been divided into two categories: Raw Particle Board and Coated Particle Board, based on the product category.
Custom Thickness, 18mm, 25mm, 6mm, and 12mm are the five thickness categories into which the market has been divided.
The market has been segmented into Furniture, Flooring, Kitchen, and Others, as determined by its application.
The market has been divided into two categories: Loose or Traditional and Compact, depending on the variant.
The U.S. Particle Board market has been segmented into residential and non-residential segments based on the end consumer.
The market has been divided into the following categories based on the dimension in connection type: 2.8 meters x 2.1 meters (2800 mm x 2100 mm), 3.05 meters x 2.8 meters (3050 mm x 2800 mm), 3.05 meters x 1.5 meters (3050 mm x 1500 mm), 5.6 meters x 2.8 meters (5600 mm x 2800 mm), and 1.22 meters x 2.44 meters (48 inches x 96 inches).
The highly competitive particle board market is dominated by the following companies: Boise Cascade Company, Georgia-Pacific, Weyerhaeuser Co (Weyerhaeuser), Roseburg Forest Products, Wilsonart, Formica Corporation, EGGER, Kronospan, Arauco, Louisiana-Pacific Corporation (LP), West Fraser Timber Co. Ltd., Woodgrain, Columbia Forest Products, Inc., and D&R Henderson Pty Ltd.