Published on : Jul 07, 2017
Albany, New York, July 7, 2017: In recent years, the global particle board market has experienced a rapid growth. The market is mainly driven by its structural properties and widening applications. A new research study, focusing on the market development of particle board has been broadcasted to the wide repository of Market Research Hub (MRH), which is titled as “Global and Chinese Particle Board Market Outlook 2017-2022”. This study encapsulates detailed analysis of the Particle Board market over the last five years and provides extensive market forecasts by region/country and sub sector. Regions highlighted in the report include North America, Asia-Pacific, China and Europe.
Particle board is an engineered wood product manufactured from wood particles, such as wood chips, sawmill shavings, or even saw dust, and a synthetic resin which is pressed and extruded. Particleboard is a composite material. In the first part, the report highlights the market overview of particle board covering detailed analysis of the whole value chain (upstream & downstream) and presents insights into technological developments, and an extensive analysis of costs analysis from the aspects of raw materials, labor costs and etc.
As per the findings, the recovery in U.S. housing construction, a growing global furniture industry, and strong growth in housing construction in rapidly developing countries will lead to a boom in particular board construction. The particle boards have many desirable properties such as high density, high surface hardness, abrasion resistance, high durability etc. which makes it a popular material. Another major factor intensifying the demand for particle board in the market is its growing applications. It is used for a variety of purposes, such as in the manufacturing of cupboards, doors, modular office systems, modular partition systems, storage units, etc.
Moving further, the market is segmented on the basis of key applications including residential and commercial. Presently, the residential sector is the largest consumer of particle board, accounting for the majority of the share. As per the study, particle board is used in the furniture and wood industries where it is used as a substitute for wooden boards. Particle boards can be used in the construction industry, as partition walls, panel boards etc. Major applications are Housing Sector, Hotel and Entertainment; Commercial buildings like theaters.
Moreover, a section covering market estimated the size and driving factors, and trends forecast including analysis of regional demand and growth trends, both - sales & volume, at each level of the detail are estimated till 2022, to give a glimpse of the potential market size in terms of value in this market.
Further, details regarding major industry companies together with information such as company profiles, product picture & specifications, sales, market share and contact information are also mentioned. The key strategies adopted by the prominent players have also been included in the study, it is basically to guide the current as well as fresh companies in the market.
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