Melamine Faced Chipboard Market: Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis (2017-2021) and Forecast (2022-2028)

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Melamine Faced Chipboard (MFC) Market: By Thickness (Below 18 mm, 18 mm to 25 mm, and Above 25 mm), By Application (Residential, Commercial, and Others), and Geography

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Report

Description

The melamine-faced chipboard market size is estimated to be valued at USD 4,784.1 million in 2021, and it is expanded to grow at a significant CAGR of 6.9% over 2022-2028. 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 USD 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.

Recent Market Developments:

In January 2021, Pfleiderer developed microPLUS a few years ago to protect against bacteria and germs. Now, in addition to its antimicrobial effect, the surface technology has also been proven to have an antiviral effect. The microPLUS technology available for HPL products and melaminefaced DecoBoard provides planners, architects, and users with additional safety for sensitive or heavily frequented interiors with special requirements for robustness, ease of care and hygiene.

In January 2022, Starwood Capital Group, a private investment firm focused on real estate and energy investments, announced that a controlled affiliate has acquired a majority interest in the assets owned by Land Tejas, a Houston-based residential development company.

Melamine Faced Chipboard (MFC) Market

MARKET SUMMARY
-
6.9% CAGR
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– 6.9%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– Europe

Melamine Faced Chipboard (MFC) Market

  • The melamine faced chipboard market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
  • The melamine faced chipboard market is segmented based on thickness, application, and geography.
Key Players
  • Pfleiderer
  • Finsa
  • Unilin
  • Kronoplus Limited
  • EGGER Group
Melamine Faced Chipboard (MFC) Market

Dynamics

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 Got Significant Share

Melamine Faced Chipboard (MFC) Market

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
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Features of the Report

  • The report provides granular level information about the market size, regional market share, historic market (2017-2021), and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenario
Melamine Faced Chipboard (MFC) Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Company Profile

  • Henan Junheng Industrial Group Biotechnology Co., Ltd.
  • Shandong Guangtong New Materials Co., Ltd.
  • AECOCHEM
  • Cathay Industrial Biotech
  • Palmary Chemical
  • Evonik
  • Invista
  • Zibo Guangtong Chemical
  • BASF

Description

The melamine-faced chipboard market size is estimated to be valued at USD 4,784.1 million in 2021, and it is expanded to grow at a significant CAGR of 6.9% over 2022-2028. 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 USD 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.

Recent Market Developments:

In January 2021, Pfleiderer developed microPLUS a few years ago to protect against bacteria and germs. Now, in addition to its antimicrobial effect, the surface technology has also been proven to have an antiviral effect. The microPLUS technology available for HPL products and melaminefaced DecoBoard provides planners, architects, and users with additional safety for sensitive or heavily frequented interiors with special requirements for robustness, ease of care and hygiene.

In January 2022, Starwood Capital Group, a private investment firm focused on real estate and energy investments, announced that a controlled affiliate has acquired a majority interest in the assets owned by Land Tejas, a Houston-based residential development company.

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