Leading economic forecaster and industry analyst BIS Shrapnel is predicting renewed growth for MDF over the four years from 2010-2013, driven by strong growth in housing demand and an increasingly positive global economic outlook.
“The recovery in the US will drive economic growth, not only in that region but also in many of its key trading partners around the world,” said BIS Shrapnel senior manager Bernie Neufeld.
Mr Neufeld, who is the author of the company’s latest MDF report “Medium Density Fibreboard in the Pacific Rim and Europe, 2009-2013”, added that the US would also drive demand for furniture, another key market for MDF.
He pointed to a “seismic shift” in MDF markets over the past decade and added: “The effects of the global financial crisis will continue to limit new production facilities in North America and western Europe but developing regions such as China, India, South America and South-east Asia will expand rapidly.”
