North America Particle Board Market Size (2024 - 2029)

North America Particle Board Market Analysis

The North American particle board market is projected to register a CAGR of over 4% during the forecast period. Particle board usage by the construction industry decreased as a result of the pandemic on account of the restriction of construction activities and government-imposed lockdown. But as things recovered in 2021, the expansion of the building sector boosted the market's demand for particle boards.

• The growing demand for furniture in the hospitality and office space has augmented the demand for particles board.
• However, the use of medium-density fiberboard as a replacement is projected to hinder the market's expansion.
• Nevertheless, future market growth is anticipated to be aided by the development of innovative particle board manufacturing techniques.
• The United States is anticipated to lead the North American region in terms of revenue during the forecast period.

North America Particle Board Industry Segmentation

Particle board, also known as fiberboard, is an engineered product created by combining residual lumber with a binder and applying high pressure and heat. The particle board market is segmented by raw material, application, and geography. By raw material, the market is segmented into wood, bagasse, and other raw materials. By application, the market is segmented into construction, furniture, infrastructure, and other applications. By geography, the market is segmented into the United States, Canada, and Mexico. The report covers the market size and forecasts for three countries across the region. For each segment, the market sizing and forecasts have been provided on the basis of value (USD million).