Wednesday March 3, 2010

Housing demand foretells solid growth for MDF

An increasingly positive global economic outlook and strong growth in housing demand will drive renewed growth for medium density fibreboard (MDF) over the four years from 2010 to 2013, according to leading economic forecaster and industry analyst, BIS Shrapnel.

BIS Shrapnel’s Medium Density Fibreboard in the Pacific Rim and Europe, 2009 – 2013 report forecasts strong growth in the key end-use sectors for MDF – housing construction and furniture manufacturing. BIS Shrapnel says the downturn in housing construction in the United States reached the bottom of the cycle in 2009 and is expected to move into a rapid upswing from 2010 to 2013.

Contact: Bernie Neufeld