Bangladesh Particle Board Market Outlook (2021-2027)

Market Forecast By Material Types (Wood Chip Particle Board, Jute Chip Particle Board), By Finishing Types (Melamine, Lacquer, Veneer), By Applications (Furniture, Construction, Flooring) and competitive landscape.

Product Code: ETC150141 Publication Date: Nov 2021 Product Type: Report
Publisher: 6Wresearch No. of Pages: 71 No. of Figures: 54 No. of Tables: 5

The Bangladesh Particle Board Market report thoroughly covers market by material types, finishing types and applications. Bangladesh particle board market report provides an unbiased and detailed analysis of the on-going market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.

Bangladesh Particle Board Market Synopsis

Bangladesh particle board market witnessed a significant growth during the period 2017-2020 on the back of growth registered in construction and furniture industry in Bangladesh. The middle class of Bangladesh had witnessed increase in per capita income thus enabling the people to buy furniture made up of particle board in the country. Additionally, furniture industry which includes particle board segment has recorded a notable rise in demand in the recent past on account of change in consumer behavior and buying pattern in the country. Though, the Covid-19 pandemic hampered growth in market revenues during the year 2020 but as the movement restrictions were withdrawn, the market recorded demand from hotels and restaurants. Moreover, rising number of housing and commercial sector establishments in the country has contributed to maintain demand in the market.

Bangladesh Particle Board Market (2021-2027)

 

According to 6Wresearch, the Bangladesh Particle Board Market size is projected to grow at a CAGR of 12.6% during 2021-2027F. The primary reason for growth in the Bangladesh particle board industry can be attributed to the rising furniture and construction industry in the country. Moreover, with rising restaurants, cafes and food joints in the country, the demand for particle board would augment from the commercial sector.

Bangladesh Particle Board Market (2021-2027)

Market by Material Types Analysis

In terms of material types, wood chip particle board contributed 83.5% revenue share in the Bangladesh particle board market in 2020. This is on the account of their higher preference of wood chip particle board as a result of its higher durability and strength, wood chip particle board dominated the Bangladesh particle board market in 2020 and is expected to continue its domination on account of its wide applications across furniture, flooring, false ceiling and many more.

Bangladesh Particle Board Market (2021-2027)

Market by Finishing Types Analysis

In 2020, melamine finishing type acquired 67.8% revenue share in Bangladesh particle board market on account of its higher preference in commercial and residential spaces of the country. This trend would continue to persist in the coming years as the result of rapid urbanization in the country. Moreover, Lacquer particle board is expected to have the fastest growth in the coming years in Bangladesh particle board market on account of its low pricing and higher durability.

Key Attractiveness of the Report

  • COVID-19 Impact on the Market.
  • 10 Years Market Numbers.
  • Historical Data Starting from 2017 to 2020.
  • Base Year: 2020
  • Forecast Data until 2027.
  • Key Performance Indicators Impacting the Market.

Key Highlights of the Report

  • Bangladesh Particle Board Market Overview
  • Bangladesh Particle Board Market Outlook
  • Bangladesh Particle Board Market Forecast
  • Historical Data and Forecast of Bangladesh Particle Board Market Revenues and Volume, for the Period 2017-2027F
  • Historical Data and Forecast of Bangladesh Particle Board Market Revenues and Volume, By Material Types, for the Period 2017-2027F
  • Historical Data and Forecast of Bangladesh Particle Board Market Revenues, By Finishing Types, for the Period 2017-2027F
  • Historical Data and Forecast of Bangladesh Particle Board Market Revenues, By Applications, for the Period 2017-2027F
  • Bangladesh Particle Board Market Revenue Share, By Market Players
  • Bangladesh Particle Board Market Value Chain
  • Covid-19 Impact on Bangladesh Particle Board Market
  • Bangladesh Particle Board Market Drivers and Restraints
  • Bangladesh Particle Board Market Trends
  • Bangladesh Particle Board Market Porters Five Forces
  • Bangladesh Particle Board Market Opportunity Assessment

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

  • By Material Types

    • Wood Chip Particle Board
    • Jute Chip Particle Board
  • By Finishing Types

    • Melamine
    • Lacquer
    • Veneer
  • By Applications

    • Furniture
    • Construction
    • Flooring

Frequently Asked Questions About the Market Study:

  • Does the report consider COVID-19 impact?
    The report not only has considered COVID-19 impact but also current market dynamics, trends and KPIs into consideration.
  • How much growth is expected in the Bangladesh Particle Board Market over the coming years?
    The Bangladesh Particle Board Market revenue is anticipated to record a CAGR of 12.6% during 2021-27.
  • Which segment has captured key share of the market?
    The segment woodchip particle board is the leading contributors to the overall particle board market in Bangladesh, on the account of its wide applications across furniture, flooring, false ceiling and many more.
  • Which segment is exhibited to gain traction over the forecast period?
    Lacquer particle board would record key growth throughout the forecast period 2021-27.
  • Who are key the key players of the market?
    The key players of the market include Woodland Plywood & Particle Board Mills Ltd., Akij Group, Partex Star Group, MRS Industries Ltd., TK Group, Akhtar Group and Amber Group.
  • Is customization available in the market study?
    Yes, we can do customization as per your requirements. Please feel free to write to us sales@6wresearch.com for any customized or any other requirements
  • We also want to have market reports for other countries/regions.
    6Wresearch has the database of more than 60 countries globally, which can make us your first choice of all your research needs.

Other Key Reports Available:

  • Germany Particle Board Market (2021-2027)
  • India Particle Board Market (2021-2027)
  • Turkey Particle Board Market (2021-2027)
  • Nigeria Particle Board Market (2021-2027)

1. Executive Summary

2. Introduction

2.1 Report Description

2.2 Key Highlights of the Report

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3. Bangladesh Particle Board Market Overview

3.1 Bangladesh Particle Board Market Revenues and Volume (2017-2027F)

3.2 Bangladesh Particle Board Market-Industry Life Cycle

3.3 Bangladesh Particle Board Market-Porter’s Five Forces

3.4 Bangladesh Particle Board Market Revenue and Volume Share, By Material Types (2020 & 2027F)

3.5 Bangladesh Particle Board Market Revenue Share, By Finishing Types (2020 & 2027F)

3.6 Bangladesh Particle Board Market Revenue Share, By Applications (2020 & 2027F)

4. Impact Analysis of Covid-19 on Bangladesh Particle Board Market

5. Bangladesh Particle Board Market Dynamics

  5.1 Impact Analysis

  5.2 Market Drivers

  5.3 Market Restraints

6. Bangladesh Particle Board Market Trends

7. Bangladesh Particle Board Market, By Material Types

  7.1 Bangladesh Particle Board Market Revenues, By Material Types (2017-2027F)

    7.1.1 Bangladesh Particle Board Market Revenue, By Wood Chip Particle Board (2017-2027F)

    7.1.2 Bangladesh Particle Board Market Revenue, By Jute Chip Particle Board (2017-2027F)

  7.2 Bangladesh Particle Board Market Volume, By Material Types (2017-2027F)

    7.2.1 Bangladesh Particle Board Market Volume, By Wood Chip Particle Board (2017-2027F)

    7.2.2 Bangladesh Particle Board Market Volume, By Jute Chip Particle Board (2017-2027F)

8. Bangladesh Particle Board Market, By Finishing Types

8.1 Bangladesh Particle Board Market Revenues, By Finishing Types (2017-2027F)

    8.1.1 Bangladesh Particle Board Market Revenues, By Melamine (2017-2027F)

    8.1.2 Bangladesh Particle Board Market Revenues, By Lacquer (2017-2027F)

    8.1.3 Bangladesh Particle Board Market Revenues, By Veneer (2017-2027F)

9. Bangladesh Particle Board Market, By Applications

9.1 Bangladesh Particle Board Market Revenues, By Applications (2017-2027F)

    9.1.1 Bangladesh Particle Board Market Revenues, By Furniture (2017-2027F)

    9.1.2 Bangladesh Particle Board Market Revenues, By Construction (2017-2027F)

    9.1.3 Bangladesh Particle Board Market Revenues, By Flooring (2017-2027F)

10. Bangladesh Particle Board Market Import-Export Trade Statistics

11. Bangladesh Particle Board Market - Key Performance Indicators

  11.1 Bangladesh Hotel and Restaurant Outlook

  11.2 Bangladesh Construction Outlook

  11.3 Bangladesh Furniture and Fixture Industry Outlook

  11.4 Bangladesh Production Outlook

  11.5 Bangladesh Wood Industry Outlook

12. Bangladesh Particle Board Market Opportunity Assessment

  12.1 Bangladesh Particle Board Market Opportunity Assessment, By Material Types (2027F)

  12.2 Bangladesh Particle Board Market Opportunity Assessment, By Finishing Types (2027F)

  12.3 Bangladesh Particle Board Market Opportunity Assessment, By Applications (2027F)

13. Bangladesh Particle Board Market – Competitive Landscape

13.1 Bangladesh Particle Board Market Revenue Share, By Company (2020)

13.2 Bangladesh Particle Board Market Competitive Benchmarking, By Technical Parameters

13.3 Bangladesh Particle Board Market Competitive Benchmarking, By Operating Parameters

14. Company Profiles

14.1 Woodland Plywood & Particle Board Mills Ltd.

14.2 Akij Group

14.3 Partex Star Group

14.4 MRS Industries Ltd.

14.5 TK Group

14.6 Akhtar Group

14.7 Amber Group

15. Key Strategic Recommendations

16. Disclaimer

List of Figure:

Figure1. Bangladesh Particle Board Market Revenues and Volume, 2017-2027F ($ Million, 000 Sq. Meter)

Figure2. Bangladesh Particle Board Market Revenue Share, By Material Types, 2020 & 2027F

Figure3. Bangladesh Particle Board Market Volume Share, By Material Types, 2020 & 2027F

Figure4. Bangladesh Particle Board Market Revenue Share, By Finishing Types, 2020 & 2027F

Figure5. Bangladesh Particle Board Market Revenue Share, By Applications, 2020 & 2027F

Figure6. Total Population of Bangladesh (Million)

Figure7. Urban population of Bangladesh (Million)

Figure8. Number of International arrivals in Bangladesh, 2015-2019 (Thousands)

Figure9. Import Values of Vener Sheet/Sheet For Plywood in Bangladesh, Jul 2019-Dec 2019 & Jan 2020-Jun 2020 (BDT)

Figure10. Particle board import in Bangladesh, 2020 ($ Thousand)

Figure11. Particle board export in Bangladesh, 2020 ($ Thousand)

Figure12. Hotels and Restaurants  industry contribution to Bangladesh’s GDP, FY2016-2017 to FY2019-2020(p) (BDT Million)

Figure13. Construction industry contribution to Bangladesh’s GDP, FY2015-2016 to FY2019-2020(p) (BDT Million)

Figure14. Production Of Particle Board/Plywood by 2 establishments, (000 Sq. meter)

Figure15. Indices of Industrial Production (Manufacturing) of wood and products of wood and cork

Figure16. Jute production in Bangladesh, in Million Bales

Figure17. Projections of Timber demand, 2016-2050F (million m3)

List of Tables:

Table1. Bangladesh Particle Board Market Revenues, By Material Types, 2017-2027F ($ Million)

Table2. Bangladesh Particle Board Market Volume, By Material Types, 2017-2027F (000 Sq. Meter)

Table3. Bangladesh Particle Board Market Revenues, By Finishing Types, 2017-2027F ($ Million)

Table4. Bangladesh Particle Board Market Revenues, By Applications, 2017-2027F ($ Million)

Table5. Bangladesh furniture and fixtures industry export earnings

 

 
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