Medium Density Fiberboard MDF Panel Market Insights Video

According to Cognitive Market Research, the global Medium Density Fiberboard MDF Panel market size was USD 45215.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.00% from 2024 to 2031.

• North America held the major market share for more than 40% of the global revenue with a market size of USD 18086.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
• Europe accounted for a market share of over 30% of the global revenue with a market size of USD 13564.56 million.
• Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 10399.50 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031.
• Latin America had a market share of more than 5% of the global revenue with a market size of USD 2260.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.
• Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 904.30 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031.
• The Standard MDF category is the fastest growing segment of the Medium Density Fiberboard MDF Panel industry