The Latest Particle Board Industry Statistics Explained
North America dominated the global particle board market with an estimated share of over 60% in 2020.
The statistic indicates that in 2020, North America held a significant proportion of the global particle board market, with an estimated share exceeding 60%. This suggests that North America was the leading region in terms of production and consumption of particle board. The dominance of North America in the global market could be attributed to factors such as a strong manufacturing base, technological advancement in particle board production, favorable regulations, and high demand for particle board products in various industries. This statistic highlights the importance of North America as a key player in the particle board industry and underscores the region’s influence and market power in the global economy.
The global particle board industry is projected to grow at a CAGR of 6.1% between 2021 and 2028.
This statistic indicates that the global particle board industry is expected to experience a compound annual growth rate (CAGR) of 6.1% over the period from 2021 to 2028. A CAGR of 6.1% means that the industry’s size and economic impact are forecasted to increase by an average of 6.1% each year during this time frame. This growth rate suggests a positive trajectory for the particle board industry, with expanding market demand, new opportunities for investment, and potentially increased competition among industry players. Overall, the projection indicates a favorable outlook for the particle board industry over the next several years.
The furniture application segment accounted for the largest revenue share of over 60% in the particle board market in 2020.
The statistic suggests that in 2020, the furniture application segment was the dominant driver of revenue in the particle board market, capturing a substantial share of over 60%. This indicates that a significant portion of particle board production was consumed by the furniture industry for various applications such as making furniture, cabinets, and shelves. The high revenue share highlights the importance of the furniture sector as a key market for particle board manufacturers, emphasizing the strong demand and reliance on particle board products within the furniture industry.
The global particle board market size was valued at USD 19.74 billion in 2021.
The statistic indicates that the total market value of particle board worldwide reached USD 19.74 billion in the year 2021. This figure represents the collective monetary worth of all particle board products sold across various regions and sectors on a global scale during that particular year. The market size reflects the significant demand for particle board as a construction and furniture material, driven by factors such as urbanization, industrial growth, and increasing awareness towards sustainable and eco-friendly building practices. The value of USD 19.74 billion highlights the economic importance and widespread utilization of particle board as a cost-effective and versatile manufactured wood product in various applications.
China is the largest producer of particle board, accounting for more than 25% of global production.
The statistic indicating that China is the largest producer of particle board, comprising over 25% of global production, highlights the significant contribution of the Chinese market to the particle board industry. With a quarter of the world’s particle board being manufactured in China, the country’s role in shaping the global supply chain and market dynamics cannot be understated. This statistic underscores China’s dominance in the production of this engineered wood product, showcasing its prowess in meeting both domestic and international demand for particle board. The sheer scale of China’s production volume in this sector also signifies the country’s influence on pricing, availability, and overall competitiveness within the particle board market on a global scale.
The residential and commercial sector collectively accounted for more than 70% of the overall consumption of particle board globally.
The statistic stating that the residential and commercial sector collectively accounted for more than 70% of the overall consumption of particle board globally highlights the significance of these sectors in driving the demand for particle board products. This statistic indicates that a large majority of the global consumption of particle board comes from these two sectors, emphasizing their importance in the market. The residential sector typically includes construction of homes, furniture production, and interior design applications, while the commercial sector includes industries such as office spaces, retail outlets, and hospitality establishments. Understanding the dominance of these sectors in particle board consumption can provide valuable insights for manufacturers, policymakers, and stakeholders in the wood products industry to tailor their strategies to meet the specific needs and demands of these sectors.
The particle board used for new residential constructions is expected to reach a value of USD 23.45 billion by 2028.
This statistic indicates the projected total value of particle board that will be utilized in new residential construction projects by the year 2028, estimated to amount to USD 23.45 billion. Particle board is commonly used in construction for various applications like flooring, cabinetry, and structural components due to its cost-effectiveness and versatility. The forecasted increase in demand for particle board suggests a growing trend in residential construction activity, indicating potential growth in the housing market and construction industry. This statistic serves as a valuable insight for stakeholders such as manufacturers, suppliers, and investors to anticipate and capitalize on market opportunities in the construction sector.
Europe is the second largest consumer of particle board, with a market share of approximately 20%.
The statistic that Europe is the second largest consumer of particle board, with a market share of approximately 20%, indicates that Europe plays a significant role in the global consumption of this wood-based product. Particle board is a commonly used material in furniture manufacturing, construction, and other industries. The fact that Europe accounts for around 20% of the global consumption suggests that the region has a considerable demand for particle board products. This statistic highlights the importance of Europe in the particle board market and underscores the region’s impact on the industry as a major consumer of this versatile building material.
The size of the particle board market in Asia-Pacific is expected to grow at a CAGR of around 4% during 2021-2028.
This statistic indicates that the particle board market in the Asia-Pacific region is projected to experience a Compound Annual Growth Rate (CAGR) of approximately 4% between the years 2021 and 2028. This suggests a steady and consistent growth trend in the demand for particle board products within the region over the specified period. Factors driving this growth may include increasing urbanization, growth in construction and furniture industries, and rising disposable incomes leading to greater investment in home improvement and infrastructure projects. The projection of a 4% CAGR indicates a positive outlook for the particle board market in Asia-Pacific, highlighting potential opportunities for businesses operating within this sector to capitalize on the expanding market.
The average price of particle board in the United States is around $60 per sheet.
The statistic that the average price of particle board in the United States is approximately $60 per sheet represents the typical cost consumers can expect to pay for this specific type of wood product in the country. This data point is derived from the collective prices of particle board sheets across various retailers and locations in the United States. By providing this average figure, it offers a general idea of the prevailing market rate for particle board, enabling individuals to gauge whether the prices they encounter align with this average or deviate significantly. Understanding this statistic can aid consumers, builders, and industry professionals in making informed decisions about purchasing particle board for construction, DIY projects, or other applications.
The particle board market is highly competitive with the top 5 players accounting for around 15% of the market share.
In the particle board market, competition is fierce as demonstrated by the fact that the top 5 players collectively hold only about 15% of the market share. This indicates a fragmented market with numerous players vying for a share of the market. The low market concentration among the top companies suggests that there is no dominant player controlling a significant portion of the market, resulting in increased competition and potential pricing pressures. Companies operating in this market likely need to differentiate their products or services in order to gain a competitive edge and capture market share.
The ceiling and flooring application segment in the global particle board market is predicted to grow at CAGR of 2.3% from 2021 to 2028.
The statement indicates that within the global particle board market, the ceiling and flooring application segment is expected to experience a Compound Annual Growth Rate (CAGR) of 2.3% from the year 2021 to 2028. This suggests that there is a projected positive growth trend for the use of particle board specifically in ceilings and flooring applications during this time period. The CAGR of 2.3% signifies the annual rate at which the segment is anticipated to expand over the stated period, reflecting a steady pace of growth. This prediction can serve as valuable information for industry stakeholders and investors in understanding the market dynamics and potential opportunities within the particle board sector, particularly for ceiling and flooring uses.
The particle board industry in India is expected to reach INR 376.9 billion by 2025, growing at a CAGR of 9% during 2020-2025.
This statistic states that the particle board industry in India is projected to achieve a total market value of INR 376.9 billion by the year 2025. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 9% over the period spanning from 2020 to 2025. The CAGR indicates the average annual growth rate of the industry’s market value over the specified time frame, providing insight into the industry’s sustainable growth trajectory. The forecast suggests a positive outlook for the particle board industry in India, signaling opportunities for expansion and development within the sector.
The global particle board market for the manufacturing sector is expected to record a CAGR of over 5% through 2025.
This statistic indicates that the global particle board market within the manufacturing sector is projected to experience a Compound Annual Growth Rate (CAGR) of over 5% until the year 2025. This means that the market for particle boards, which are engineered wood products commonly used in furniture and construction, is expected to expand steadily over the specified period. The CAGR of over 5% suggests a healthy rate of growth, highlighting increasing demand for particle boards in the manufacturing sector worldwide. Factors contributing to this growth could include rising construction activities, a growing furniture industry, and the shift towards sustainable and eco-friendly materials in manufacturing processes.
The growth of e-commerce is expected to impact the particle board industry positively, with a projected growth rate of 8% by 2025.
The statistic highlights the anticipated impact of e-commerce on the particle board industry, with a projected growth rate of 8% by 2025. This suggests that the increasing popularity and utilization of online shopping platforms are expected to drive demand for particle board products. As more consumers turn to e-commerce for purchasing goods, the need for packaging materials, storage solutions, and furniture made from particle board is likely to surge. The 8% growth rate indicates a significant opportunity for the particle board industry to expand its market share and profitability in response to the changing consumer shopping behavior towards online retail.
The South American particle board market is projected to increase at a significant CAGR of over 6.5% during the forecast period of 2021-2028.
This statistic indicates that the South American particle board market is expected to experience robust growth over the period from 2021 to 2028, with a Compound Annual Growth Rate (CAGR) exceeding 6.5%. This suggests that the market is poised to expand steadily and continuously at a substantial pace during the forecast period. Such a high CAGR signifies strong potential for growth and increasing demand for particle board products in South America. Factors contributing to this growth may include rising urbanization, construction activities, and a shift towards sustainable and cost-effective building materials. Overall, this projection highlights a positive outlook for the South American particle board market in the coming years.
The particle board market in Middle East & Africa is expected to grow at a CAGR of around 2.5% during 2021-2028.
This statistic indicates the projected Compound Annual Growth Rate (CAGR) for the particle board market in the Middle East & Africa region between 2021 and 2028. A CAGR of around 2.5% suggests a moderate but steady growth trend in the market over the specified period. This growth rate implies that the market is expected to increase by approximately 2.5% annually on average. Factors contributing to this growth may include increasing construction activities, rising demand for cost-effective furniture solutions, and a growing awareness of the advantages of particle boards as a sustainable and versatile material. Overall, this statistic provides valuable insight into the anticipated expansion of the particle board market in the Middle East & Africa region over the next few years.
The use of particle board in the construction sector is projected to grow at a CAGR of 5.7% through 2026.
The statistic indicates that the utilization of particle board in the construction industry is expected to increase at a Compound Annual Growth Rate (CAGR) of 5.7% over the period until 2026. This suggests a steady and consistent rise in the demand for particle board as a construction material over the specified time frame. The CAGR is a useful measure to assess the growth rate as it takes into account the compounding effect of annual growth, providing a more accurate representation of the overall growth trend. The projection implies that particle board is likely to continue gaining popularity and usage within the construction sector, potentially driven by factors such as cost-effectiveness, versatility, and sustainability compared to traditional building materials.
References
0. – https://www.www.imarcgroup.com
1. – https://www.www.grandviewresearch.com
2. – https://www.www.fortunebusinessinsights.com
3. – https://www.www.alliedmarketresearch.com
