Fiberboard Market Expected to Witness the Highest Growth during the Forecast Period, 2018-2028
Verfasser: ashwani_kailiya on Thursday, 5 March 2020Fiberboard is a type of product made from engineered wood materials. These products are normally categorized on the basis of density for applications in various end use industries, into high medium and low density variants. The global fiberboard market is projected to display a healthy rate of growth throughout the forecast period till 2028. This growth can be largely attributed to the extensive application in modern construction and building activities. This is especially true for emerging economies in the Asia Pacific.
Sustainability Initiatives Drive Up Use of Medium and High Density Variants
Medium density fiberboard and high density fiberboard is expected to dominate most of the market share. Superior traction can be attributed to higher levels of performance in terms of handling moisture gradients and altered temperatures.
These products are mostly sought after by construction and building companies, who are foreseeing better growth in the years ahead, which will increase the demand for fiberboard items. Consequently, fiberboard manufacturers are seeking to expand their operations for a greater production capability to keep ahead of the competition.