According to the report titled ‘MDF Decorative Overlays Market Size, Share and Industry Analysis Report By Product, (PVC, PET), By MDF (Softwood, Hardwood), By Application (Furniture, Kitchen Cabinets, Doors), Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, global MDF decorative overlays market is expected to display impressive growth trends during the forecast period 2021-2027.
 

Widespread application in large and small-scale construction projects due to its adaptability & excellent paint absorption attributes, uptake of decorative overlays, and continuous innovations to meet evolving customer demands are factors driving the growth of global MDF decorative overlays market.
 

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Citing an instance, D&R Henderson, a fabricated wood manufacturer, launched its decorative panel series, having in-demand soft-touch super matt finish which are designed with superior quality low-formaldehyde resin on an E0 MDF substrate.
 

For the uninitiated, MDF, or medium-density fiberboard, is fabricated wood made of glue and fine wood fibers, which is then provided structure by exerting pressure. 
 

Rising population leading to surging residential infrastructure development, rapid expansion of furniture vertical, and novel approaches for the development of eco-friendly MDF production for a low-carbon & circular economy are creating lucrative opportunities for businesses in this domain.
 

Despite the optimistic outlook, constantly changing raw material prices are likely to impede the progress of worldwide MDF decorative overlays market in the coming years.
 

Based on product type, the PVC sub-segment is projected to account for 40% market share by the end of 2027, owing to flexibility and cost-effectiveness of product.
 

In terms of MDF scope, the hardwood segment is anticipated to develop gradually over the course of next six years, owing to its sturdiness and durability.
 

Regarding application spectrum, the others segment is predicted to expand at a significant rate through 2027, due to rapid urbanization, rapid infrastructural development around the world, as well as inclination towards decorative surfacing materials.
 

From a regional standpoint, Latin America market is expected to account for a sizable portion of total revenue during the study period.
 

The competitive landscape of global MDF decorative overlays market is defined by companies such as Daiken Corporation, Riken Technos Corporation, Kastamonu Entegre Corporation, OMNOVA Solutions Inc., Mitsubishi Polyester Film (Suzhou) Co. Ltd, Eurovinyl Plus USA LLC, Kronospan Limited, Taghleef Industries Pty Ltd., ISA International, Nobilia, HUECK System GmbH & Co. KG, Grupo ALVIC, Hyundai L&C Europe GmbH, West Fraser Timber Co. Ltd., Renolit SE, Dackor Inc., and EGGER Group among others.