Future Market Insights (FMI), in an upcoming market research study, brings to fore both macro- and microeconomic factors that will shape the growth curve of the global Particle Board market. Due to the impact of COVID-19, several restrictions have been imposed by the government, and thus, construction activities have come to a halt. While residential construction growth was prominent through 2019 in regions, such as Asia-Pacific, North America, the Middle East, and Africa, the COVID-19 pandemic is estimated to severely hit residential construction growth. The lockdowns imposed by the governments to check the spread of coronavirus has resulted in construction companies announcing a shutdown of operations. This is likely to delay the implementation of projects, leading to cost overruns and impacts on the workforce. However, the condition is expected to recover in 2021, thereby restoring the growth trajectory of the market studied.
- Over the long term, the major factor driving the market is an increase in demand for particle boards for furniture is augmenting the growth of the market.
- Development of new methods to manufacture particle boards is projected to act as an opportunity for the market in the future.
- The threat of medium-density fiberboard as a substitute is anticipated to hinder the growth of the market studied.
- The Asia-Pacific region is expected to dominate the market during the forecast period.
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Crucial information and forecast statistics, in terms of value and volume, covered in the Particle Board market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
COVID-19 Impact Analysis
The recent outbreak of the COVID-19 has adversely affected various markets in the chemicals & materials industry. The Particle Board market is no different. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential chemicals and raw materials faced a sharp decline in demand.
Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Particle Board market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Particle Board market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Particle Board Market: Segmentation
Valuable information covered in the FMI’s Particle Board market report has been segregated into key segments and sub-segments.
On the basis of raw material, the global market is segmented into:
On the basis of application, the global market is segmented into:
On the basis of end use, the global market is segmented into:
Particle Board Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Particle Board market. Competitive information detailed in the Particle Board market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Particle Board market report.
Key players covered in the report include:
- Timber Products Company
- Dakota Premium Hardwoods
- Associate Decor Limited
- Boise Cascade
- D&R Henderson Pty Ltd
- Green Land Particle Board
- Krifor Industries
- Shell Laminates Pvt. Ltd
- DMK Particleboard LLP
- Kunnathan Chip Board Pvt. Ltd
- Action TESA
- FA Mitchell
Important Questions Answered in the Particle Board Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Particle Board market been expanding during the forecast period?
- How will the global Particle Board market look like by the end of the forecast period?
- What innovative strategies are adopted by Particle Board market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Particle Board market?
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Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Particle Board market