The global medium density fiberboard market is expected to grow from USD 43.51 billion in 2024 to about USD 85.59 billion by 2034, with an annual growth rate of 7% from 2025 to 2034.
Medium Density Fiberboard Market Top Companies
Latest Announcements by Market Leaders
- In March 2024, the Joint Managing Director and CEO of Greenply Manoj Tulsian anticipated 8% to 10% volume growth in its core plywood business and 50-60 % in new medium-density fiberboard (MDF) business in the current fiscal.
- In October 2024, Premier Forest, a UK-based timber company, acquired Stairway Joinery, an England-based company which specializes in joinery and design, construction, and installation of staircases for residential and commercial buildings, including MDF and Chipboards. The objective behind this acquisition, which is done for an undisclosed amount, is to expand its timber product range with bespoke staircase manufacturing. It is expected that this will strengthen it position in the southwest of England as a specialist provider.
Recent Development
- On 17 July 2025, OMG International Trading Company Co.Limited revealed a new cat furniture product line under the brand name Petomg, created in response to safety issues after a domestic incident involving a rescued stray cat named Clover. (Source: FOX40)
- On 11 July 2025, Sealy Bed had disclosed that it had launched its 11th eco-friendly bed frame using rubber wood. The latest product does not use medium-density fiberboard ( MDF), which is classified by the release of formaldehyde, an evergreen volatile compound (VOC). (Source: Maeil Business Newpaper)
- On 21 May 2025, a German-based company that makes thin wood-based material invested USD 250 million to build its first U.S. manufacturing operation in Clarendon County. (Source: Columbia Business Report)
- In October 2024, Centuryply decided to invest around ₹2000 crore by 2025 to expand its production capacity in the plywood, laminates, MDF and particle boards segments. New production facilities are going to be inaugurated by the company in Andhra Paradesh, Tamil Nadu and Panjab. MDF and partical board are going to hold a significant amout of share from this investement. This will provide a new boost for the companies production capability.
- In March 2024, Greenply anticipated a turnover of Rs 750-800 crore by FY26 from its equal joint venture (JV) with Turkiye-based furniture hardware firm Samet.
- In June 2023, Action Tesa announced the launch of Boilo which is a boiling waterproof high-density fiberboard (HDF).
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