Particle board, commonly known as fibreboard, is a composite material made up of individual fibres. Engineered wood, either hard or softwood, is commonly used to make fibreboards. By applying high pressure and temperature, this is combined with wax and resin binders. Hardboards and high-density fibreboards (HDF) are stronger and have a higher density than MDFs and ‘other fibreboards,' which predominantly consist of low-density fibreboards.
Related Project: Particle Board
According to NIIR PROJECT CONSULTANCY SERVICES (NPCS), it also bargains superior quality and is frequently accessible at a suggestively minor value point after linked to other wood products.
Related Books:- Wood, Bamboo, Coal, Lignin And Its Derivatives
Increasing Demand from the Furniture Industry: -
· As a result of today's population's changing lifestyles, furniture style preferences have shifted dramatically in recent years. Simple forms, square-edged chairs, and many colour combinations are all characteristics of contemporary furniture.
· The use of these boards in the furniture sector is quickly rising because to their high-temperature resistance, fire resistance, and moisture resistance. Aside from that, particle board furniture has qualities such as being lightweight and having a high strength-to-weight ratio.
Related videos:- Wood and Wood Products, Plywood, Particle Board, Wooden Furniture, Bamboo, Forest Product, Wood Plastic Composite, Timber and Woodworking
· As the world's population, housing building, and income levels rise, the need for furniture such as chairs, tables, mattresses, sofas, shelves, and cupboards has risen dramatically.
· Interior design ideas for offices, houses and penthouses are continuously shifting in the furniture market. This is assertive towards study and innovation, predominantly in relations of system, size, and colour. This is likely to increase the global furniture production volume.
· According to a World Bank study, India's prearranged furniture sector improved at a rate of roughly 20% per year and was on pathway to grasp USD 32 billion in 2020.
Start a Business in Potential Countries for Doing Business, Click Here
Asia-Pacific Region to Dominate the Market: -
The Asia-Pacific region is probable to lead the particle board market, due to the increasing structures and furniture businesses in nations like India. Due to its growing population, rising affluence, and rapid urbanization, India is the second largest market in the Asia-Pacific region. It is likewise a key industrial centre for almost all business. As a result, the country's infrastructure development will continue to accelerate. Due to the nationwide government's mandate for infrastructure speculation to endure financial growth, India's construction industry raised quickly. The price of particle board will drop in the long run as more small factories are developed around the world, boosting supply and lowering the selling price.
Best Industry for Doing Business, Click Here
Business Ideas with Low, Medium & High Investment, Click Here
Steps taken by Indian Government: -
The Indian government has been actively promoting house construction in order to meet the country's goal of providing homes to 1.3 billion people. Over the next seven years, the country is expected to see roughly USD 1.3 trillion invested in housing, with 60 million new dwellings being built. By 2024, the availability of affordable housing in the country is predicted to increase by almost 70%.
Looking for Most Demandable Business Ideas for Startups, Click Here
The Indian government plans to invest over INR 103 lakh crore in infrastructure over the next five years, according to the budget 2020-2021. In this objective, the government has recognized a National Infrastructure Pipeline (NIP), which embraces over 6500 projects from a diversity of segments. Infrastructure development for bus terminals, housing, educational institutes, metro and railway transit, healthcare, logistics and warehousing, and so on would be included in these projects. By 2030, India is predicted to be the world's third-largest construction market, with a contribution to GDP of roughly 15%. Thus, in the post-pandemic recovery period, the expected growth of the construction and furniture industries is likely to stimulate demand in the local particle board market.
Start a Business in India, Click Here
Global Market: -
In 2020, the global particle board market will be worth US$ 21 billion. The market is projected to upsurge at a CAGR of 4.4 percent amongst 2021 and 2026.
Start a Business in Africa, Click Here
One of the important trends in the international medium-density fibreboard market is the intensifying conservational doubts about the imperfect accessibility of natural wood, which is driving call for medium-density fibreboard.
Conclusion: -
NPCS provides a complete project report with an extensive and dependable updating database that is cost-effective and custom-quoted and includes technology and market information.
Start a Business in Asia, Click Here
Start a Business in Middle East, Click Here
DD_Art2021
#EntrepreneurIndia #ParticleBoardMarket #ParticleBoardIndustry #ParticleBoardMaterial
