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Global Appearance Boards Market growing at a CAGR of 6.1% from 2023 to 2030

Category : Machinery and Equipment | Published Date : Jun 2023

Key Market Overview

The Appearance Boards Market is poised for strong expansion and is projected to reach USD 28,061.14 Million by 2030. The market was valued at USD 17,721.03 Million in 2022 and is predicted to grow at a compound annual growth rate of 6.1% during the period 2023-2030.

The report highlights the increasing adoption of appearance boards owing to the increasing demand of appearance boards for various construction and renovation activities. Consegic Business Intelligence provides an inclusive research report on the appearance boards market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends.

Global Appearance Boards Market By Overview

Global Appearance Boards Market

Consegic Business Intelligence provided an inclusive research report on the appearance boards market that evaluates multiple factors, such as market size, value, supply chain, regulatory environment, and trends. The Medium Density Fibreboard (MDF) segment is expected to register the fastest CAGR in the appearance boards market during the forecast period. The growth is attributed to the smooth and consistent surface of MDF that provide a uniform base for painting, laminating, and applying veneers. Consequently, the increasing demand of smoothed surface MDF for furniture manufacturing, cabinetry, millwork, and decorative panelling is contributing significantly in spurring the growth of the appearance boards market.

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Market Dynamics

Driver:

 

  • Increasing demand of appearance boards for various construction and renovation activities is propelling the market growth
  • Growing focus on sustainability and eco-friendly appearance board materials to minimize waste is bolstering the market growth.
  • The increasing adoption of appearance boards in the residential sector owing to the high strength, dimensional stability, and antiviral properties is driving the market growth.

 

Restraints:

  • Presence of alternatives including PVC (polyvinyl chloride) trim and composite boards to offer enhanced durability at low prices is restraining the market growth.
  • Limited availability of sustainable wood sources leading to supply shortages and increased costs is hampering the growth of the appearance boards market.

Market Segmentation:

Report Attributes Report Details
By Type Particle Board, Block Board, Plywood, Medium Density Fiber Board, and Others
By Application Commercial and Residential
By Region North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Competitive Landscape :

The landscape for appearance boards market is highly competitive with major players Action TESA, Alexandria Moulding, Inc., Boise Cascade Company, and Builders Choice Pvt Ltd that have a strong market position in current market circumstances. The market players compete for a firm market position through mergers and acquisitions, product innovations, and business strategies. Thus, evolving research and developments in the appearance boards market are expected to help market players adopt innovative ways of product creation to cater to the growing needs of various end-use industries.

  • Action TESA
  • Alexandria Moulding, Inc.
  • Boise Cascade Company
  • Builders Choice Pvt Ltd
  • Claymar Construction, LLC
  • Kastamonu Entegre
  • Mendocino Redwood Company
  • Norbord Inc.
  • PotlatchDeltic Corporation
  • Roseburg Forest Products Co.
  • Stora Enso Oyj
  • Tom's Quality Millwork Inc
  • UPM-Kymmene Oyj
  • Welldonewood