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Melamine Faced Chipboard Market: By Thickness, By Application, and Region Forecast 2019-2030
Melamine Faced Chipboard Market: By Thickness, By Application, and Region Forecast 2019-2030
Melamine Faced Chipboard Market size was valued at US$ 4,784.1 million in 2023 and is poised to grow at a CAGR of 6.9% from 2024-2030. Increased demand for melamine faces chipboard from the end-user industries across the globe is driving the melamine-faced chipboard market. The growing use of melamine-faced chipboard in furniture and kitchen frames also boosts the market. Melamine is a stable material, and it is used in the kitchen mostly where spills and stains are common. The advantage of melamine-faced chipboard is that it can be cleaned very easily the properties like versatile and considerably sturdy increase the demand for the melamine-faced chipboard. Key manufacturers' increased research and development initiatives to develop new and innovative melamine-faced chipboard with fewer environmental implications are expected to provide lucrative opportunities.
Furthermore, the increased usage of melamine-faced chipboard in adhesives for exterior wood panels is likely to boost the market growth. Melamine-faced chipboard offers greater water resistance. Again, the increasing usage of the material in the production of bamboo flooring tiles, laminates, and sawmill waste timbers is expected to boost the market growth. Increasing research and development activities also create opportunities for the market's growth. Based on thickness 18 mm to 25 mm accounted for a larger revenue share and is projected to grow with a CAGR of 6.8% from 2022 to 2028 to reach US$ 2,176.3 Mn by 2028. Based on application residential segment accounted for the larger share and is expected to grow in the forecast period due to increasing construction activities.
Study Period
2024-2030Base Year
2023CAGR
6.9%Largest Market
Asia-PacificFastest Growing Market
Europe
The global melamine-faced chipboard (MFC) market is primarily driven by rising building activity and melamine face chipboard's distinctive features. Consumers' discretionary income is increasing, which encourages them to spend on home design items like furniture. The market for melamine-faced chipboard is likely to develop because of this trend. Furthermore, rising consumer standards of living, combined with an increase in urban populations throughout developing regions, are fueling the market growth. The availability of replacements such as Medium-density fiberboard (MDF) and raw material price fluctuations may limit market expansion throughout the projection period.
Asia-Pacific Melamine Faced Chipboard (MFC) market held the highest market share of 38.2% in 2021. The market is growing in Asia-Pacific due to the rapidly rising population and massive urbanization projects of significant undertakings. The large market size, coupled with the enormous growth in Asia-Pacific, is entirely instrumental in expanding the market. In addition, Latin America is expected to have lucrative opportunities for the melamine-faced chipboard (MFC) soon because of a saturated market with stable industries.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 4,784.1 million |
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Market CAGR |
6.9% |
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By Thickness |
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By Application |
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By Region |
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Melamine faced chipboard market size was valued at US$ 4,784.1 million in 2023 and is poised to grow at a CAGR of 6.9% from 2024-2030.
The melamine faced chipboard (mfc) market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.
Asia Pacific is the fastest-growing for melamine faced chipboard (mfc) market
| 1. Executive Summary |
| 2. Global Melamine Faced Chipboard Market Introduction |
| 2.1.Global Melamine Faced Chipboard Market - Taxonomy |
| 2.2.Global Melamine Faced Chipboard Market - Definitions |
| 2.2.1.Thickness |
| 2.2.2.Application |
| 2.2.3.Region |
| 3. Global Melamine Faced Chipboard Market Dynamics |
| 3.1. Drivers |
| 3.2. Restraints |
| 3.3. Opportunities/Unmet Needs of the Market |
| 3.4. Trends |
| 3.5. Product Landscape |
| 3.6. New Product Launches |
| 3.7. Impact of COVID 19 on Market |
| 4. Global Melamine Faced Chipboard Market Analysis, 2019 - 2023 and Forecast 2024 - 2030 |
| 4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) |
| 4.3. Market Opportunity Analysis |
| 5. Global Melamine Faced Chipboard Market By Thickness, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 5.1. Below 18 mm, |
| 5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.1.3. Market Opportunity Analysis |
| 5.2. 18 mm to 25 mm, and |
| 5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.2.3. Market Opportunity Analysis |
| 5.3. Above 25 mm |
| 5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 5.3.3. Market Opportunity Analysis |
| 6. Global Melamine Faced Chipboard Market By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 6.1. Residential, |
| 6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.1.3. Market Opportunity Analysis |
| 6.2. Commercial, and |
| 6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.2.3. Market Opportunity Analysis |
| 6.3. Others |
| 6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 6.3.3. Market Opportunity Analysis |
| 7. Global Melamine Faced Chipboard Market By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 7.1. North America |
| 7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.1.3. Market Opportunity Analysis |
| 7.2. Europe |
| 7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.2.3. Market Opportunity Analysis |
| 7.3. Asia Pacific (APAC) |
| 7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.3.3. Market Opportunity Analysis |
| 7.4. Middle East and Africa (MEA) |
| 7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.4.3. Market Opportunity Analysis |
| 7.5. Latin America |
| 7.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million) |
| 7.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) |
| 7.5.3. Market Opportunity Analysis |
| 8. North America Melamine Faced Chipboard Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 8.1. Thickness Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.1.1.Below 18 mm, |
| 8.1.2.18 mm to 25 mm, and |
| 8.1.3.Above 25 mm |
| 8.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.2.1.Residential, |
| 8.2.2.Commercial, and |
| 8.2.3.Others |
| 8.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 8.3.1.United States of America (USA) |
| 8.3.2.Canada |
| 9. Europe Melamine Faced Chipboard Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 9.1. Thickness Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.1.1.Below 18 mm, |
| 9.1.2.18 mm to 25 mm, and |
| 9.1.3.Above 25 mm |
| 9.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.2.1.Residential, |
| 9.2.2.Commercial, and |
| 9.2.3.Others |
| 9.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 9.3.1.Germany |
| 9.3.2.France |
| 9.3.3.Italy |
| 9.3.4.United Kingdom (UK) |
| 9.3.5.Spain |
| 9.3.6.Rest of EU |
| 10. Asia Pacific (APAC) Melamine Faced Chipboard Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 10.1. Thickness Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.1.1.Below 18 mm, |
| 10.1.2.18 mm to 25 mm, and |
| 10.1.3.Above 25 mm |
| 10.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.2.1.Residential, |
| 10.2.2.Commercial, and |
| 10.2.3.Others |
| 10.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 10.3.1.China |
| 10.3.2.India |
| 10.3.3.Australia and New Zealand (ANZ) |
| 10.3.4.Japan |
| 10.3.5.Rest of APAC |
| 11. Middle East and Africa (MEA) Melamine Faced Chipboard Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 11.1. Thickness Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.1.1.Below 18 mm, |
| 11.1.2.18 mm to 25 mm, and |
| 11.1.3.Above 25 mm |
| 11.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.2.1.Residential, |
| 11.2.2.Commercial, and |
| 11.2.3.Others |
| 11.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 11.3.1.GCC Countries |
| 11.3.2.South Africa |
| 11.3.3.Rest of MEA |
| 12. Latin America Melamine Faced Chipboard Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million) |
| 12.1. Thickness Analysis and Forecast by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.1.1.Below 18 mm, |
| 12.1.2.18 mm to 25 mm, and |
| 12.1.3.Above 25 mm |
| 12.2. Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.2.1.Residential, |
| 12.2.2.Commercial, and |
| 12.2.3.Others |
| 12.3. Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) |
| 12.3.1.Brazil |
| 12.3.2.Mexico |
| 12.3.3.Rest of LA |
| 13. Competition Landscape |
| 13.1. Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) |
| 13.2.1.Henan Junheng Industrial Group Biotechnology Co., Ltd. |
| 13.2.2.Shandong Guangtong New Materials Co., Ltd. |
| 13.2.3.AECOCHEM |
| 13.2.4.Cathay Industrial Biotech |
| 13.2.5.Palmary Chemical |
| 13.2.6.Evonik |
| 14. Research Methodology |
| 15. Appendix and Abbreviations |
Key Market Players
Author
Prem Kumar with profound experience and sound knowledge across a wide range of market forecasting methods, demand forecasting, and pricing analysis, I am able to make precise projections. I have extensive practical knowledge in Time Series Analysis (TSA), Simple Linear Regression (SLR), Multiple Linear Regression (MLR), Seasonality & Trend Forecasting, and Forecasting Models for New Products, among others. Additionally, I have hands-on experience with tools such as Power BI and SQL. I am highly committed, self-motivated, and possess a strong entrepreneurial spirit. Over the past 8 years, my team and I have built a robust clientele in various sectors, including Packaging, Pharma, Medical Devices, Oil & Gas, and Chemicals & Materials. We have provided a wide range of services, from management consulting to market forecasting and survey-related projects. I am particularly proud to have provided consulting services to one of the industry’s leading COVID-19 vaccine manufacturers for a packaging-related project. In the packaging space, I have served clients across a range of segments, including packaging printing, consumer packaging, flexible packaging, rigid packaging, and pharmaceutical packaging, to name a few. I deeply appreciate the efforts of my team and am grateful to our clients for their continued trust.