Market Overview:
The global formaldehyde free board market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The high formaldehyde free board segment is expected to dominate the market in terms of value and volume during the forecast period. This can be attributed to the increasing demand for high quality and environment-friendly products across different applications such as furniture industry, residential decoration, and others.
Product Definition:
A formaldehyde free board is a type of construction material that does not contain the harmful chemical formaldehyde. This chemical can be toxic to people and cause health problems, so many people prefer to use formaldehyde free boards in their homes or workplaces.
High Formaldehyde Free Board:
High formaldehyde free board is a type of plastic that has been processed to such an extent that all chemicals containing more than 0.5% formaldehyde are removed from it. It is also called as high-formaldehyde free (HFF) board and often referred to as just plain old wood by industry participants, especially when the topic turns to price or competitive bidding.
Medium Formaldehyde Free Board:
The global medium formaldehyde free board market size was valued at USD 5.5 billion in 2015 and is expected to grow at a CAGR of XX% over the forecast period on account of increasing demand for formaldehyde-free materials in construction, automotive, electronics & electrical and furniture sectors.
Application Insights:
The furniture industry was the largest application segment and accounted for over 40% of the overall demand in 2015. The growth of this application can be attributed to increasing construction activities in emerging economies such as India, China and Brazil. In addition, rising demand from other end-use industries such as B2B is expected to drive formaldehyde free boards market over the forecast period.
Formaldehyde free wood products are widely used by residential decoration industry owing to its properties including resistance towards termites, moisture content stability and strength against knotting & warping which makes it suitable for use in log cabin construction among others.
Regional Analysis:
Asia Pacific is expected to be the fastest growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing construction activities in emerging countries such as China, India, and Indonesia. Furthermore, rising disposable income levels coupled with an increase in the number of housing structures is also expected to drive demand over the forecast period.
The European formaldehyde free board market was valued at USD X billion in 2017 and is anticipated to witness steady growth over the forecast period owing to stringent regulations regarding VOC emissions by various governments across Europe especially Germany and France among other countries have resulted into high demand for formaldehyde free products across this region since past few years which will continue driving growth during the forecast period as well.
Growth Factors:
- Increasing demand for green and environment-friendly products
- Rising awareness about the harmful effects of formaldehyde exposure
- Stringent government regulations and standards for formaldehyde emissions from building materials
- Growing popularity of healthy, sustainable, and energy-efficient construction practices
- Advances in technology that lead to the development of more formaldehyde-free board products
Scope Of The Report
Report Attributes
Report Details
Report Title
Formaldehyde Free Board Market Research Report
By Type
High Formaldehyde Free Board, Medium Formaldehyde Free Board, Low Formaldehyde Free Board
By Application
Furniture Industry, Residential Decoration, Others
By Companies
Georgia Pacific Clarendon OSB, James Latham PLC, Der Future Scienc & Tech Hldg Grp Co Ltd, Guangxi Fenglin, Guangzhou Hua Fangzhou Wooden Industry, Yoyowood, Wanghua Wood, Guangdong Hanhong Wood Industry, Luli Group, Shandong Yunwood, Georgia Pacific Clarendon OSB, Zhejiang Yunfeng Moganshan, Dare Wood-Based Panel Group, Guangzhou Paterson
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
179
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Formaldehyde Free Board Market Report Segments:
The global Formaldehyde Free Board market is segmented on the basis of:
Types
High Formaldehyde Free Board, Medium Formaldehyde Free Board, Low Formaldehyde Free Board
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Furniture Industry, Residential Decoration, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Georgia Pacific Clarendon OSB
- James Latham PLC
- Der Future Scienc & Tech Hldg Grp Co Ltd
- Guangxi Fenglin
- Guangzhou Hua Fangzhou Wooden Industry
- Yoyowood
- Wanghua Wood
- Guangdong Hanhong Wood Industry
- Luli Group
- Shandong Yunwood
- Georgia Pacific Clarendon OSB
- Zhejiang Yunfeng Moganshan
- Dare Wood-Based Panel Group
- Guangzhou Paterson
Highlights of The Formaldehyde Free Board Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- High Formaldehyde Free Board
- Medium Formaldehyde Free Board
- Low Formaldehyde Free Board
- By Application:
- Furniture Industry
- Residential Decoration
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Formaldehyde Free Board Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Formaldehyde free board is a type of wood that has been treated to remove formaldehyde, a chemical used in many building materials.
Some of the key players operating in the formaldehyde free board market are Georgia Pacific Clarendon OSB, James Latham PLC, Der Future Scienc & Tech Hldg Grp Co Ltd, Guangxi Fenglin, Guangzhou Hua Fangzhou Wooden Industry, Yoyowood, Wanghua Wood, Guangdong Hanhong Wood Industry, Luli Group, Shandong Yunwood, Georgia Pacific Clarendon OSB, Zhejiang Yunfeng Moganshan, Dare Wood-Based Panel Group, Guangzhou Paterson.
The formaldehyde free board market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Formaldehyde Free Board Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Formaldehyde Free Board Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Formaldehyde Free Board Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Formaldehyde Free Board Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Formaldehyde Free Board Market Size & Forecast, 2018-2028
4.5.1 Formaldehyde Free Board Market Size and Y-o-Y Growth
4.5.2 Formaldehyde Free Board Market Absolute $ Opportunity
Chapter 5 Global Formaldehyde Free Board Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Formaldehyde Free Board Market Size Forecast by Type
5.2.1 High Formaldehyde Free Board
5.2.2 Medium Formaldehyde Free Board
5.2.3 Low Formaldehyde Free Board
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Formaldehyde Free Board Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Formaldehyde Free Board Market Size Forecast by Applications
6.2.1 Furniture Industry
6.2.2 Residential Decoration
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Formaldehyde Free Board Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Formaldehyde Free Board Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Formaldehyde Free Board Analysis and Forecast
9.1 Introduction
9.2 North America Formaldehyde Free Board Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Formaldehyde Free Board Market Size Forecast by Type
9.6.1 High Formaldehyde Free Board
9.6.2 Medium Formaldehyde Free Board
9.6.3 Low Formaldehyde Free Board
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Formaldehyde Free Board Market Size Forecast by Applications
9.10.1 Furniture Industry
9.10.2 Residential Decoration
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Formaldehyde Free Board Analysis and Forecast
10.1 Introduction
10.2 Europe Formaldehyde Free Board Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Formaldehyde Free Board Market Size Forecast by Type
10.6.1 High Formaldehyde Free Board
10.6.2 Medium Formaldehyde Free Board
10.6.3 Low Formaldehyde Free Board
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Formaldehyde Free Board Market Size Forecast by Applications
10.10.1 Furniture Industry
10.10.2 Residential Decoration
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Formaldehyde Free Board Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Formaldehyde Free Board Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Formaldehyde Free Board Market Size Forecast by Type
11.6.1 High Formaldehyde Free Board
11.6.2 Medium Formaldehyde Free Board
11.6.3 Low Formaldehyde Free Board
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Formaldehyde Free Board Market Size Forecast by Applications
11.10.1 Furniture Industry
11.10.2 Residential Decoration
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Formaldehyde Free Board Analysis and Forecast
12.1 Introduction
12.2 Latin America Formaldehyde Free Board Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Formaldehyde Free Board Market Size Forecast by Type
12.6.1 High Formaldehyde Free Board
12.6.2 Medium Formaldehyde Free Board
12.6.3 Low Formaldehyde Free Board
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Formaldehyde Free Board Market Size Forecast by Applications
12.10.1 Furniture Industry
12.10.2 Residential Decoration
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Formaldehyde Free Board Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Formaldehyde Free Board Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Formaldehyde Free Board Market Size Forecast by Type
13.6.1 High Formaldehyde Free Board
13.6.2 Medium Formaldehyde Free Board
13.6.3 Low Formaldehyde Free Board
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Formaldehyde Free Board Market Size Forecast by Applications
13.10.1 Furniture Industry
13.10.2 Residential Decoration
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Formaldehyde Free Board Market: Competitive Dashboard
14.2 Global Formaldehyde Free Board Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Georgia Pacific Clarendon OSB
14.3.2 James Latham PLC
14.3.3 Der Future Scienc & Tech Hldg Grp Co Ltd
14.3.4 Guangxi Fenglin
14.3.5 Guangzhou Hua Fangzhou Wooden Industry
14.3.6 Yoyowood
14.3.7 Wanghua Wood
14.3.8 Guangdong Hanhong Wood Industry
14.3.9 Luli Group
14.3.10 Shandong Yunwood
14.3.11 Georgia Pacific Clarendon OSB
14.3.12 Zhejiang Yunfeng Moganshan
14.3.13 Dare Wood-Based Panel Group
14.3.14 Guangzhou Paterson
