The global melamine-faced chipboard (MFC) market size was valued at USD 4,784.1 million in 2021 and is poised to grow at a significant CAGR of 6.9% during the forecast period 2022-28. The increasing demand and requirement for green and sustainable buildings and the introduction of emission regulations related to the chemicals used for processing or manufacturing wood or wood composites for construction applications will result in significant changes in the composition and technology of these resins. This will subsequently drive the market for melamine as decorative laminates are used to make cabinets in modular kitchens because of their durability and aesthetics. The growing popularity of modular kitchens is one of the significant trends that will gain traction in the global melamine-faced chipboard (MFC) market.

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The melamine-faced chipboard (mfc) market segmentation:
1) By Thickness: Below 18 mm, 18 mm to 25 mm, and above 25 mm
2) By Application: Residential, Commercial, and Others  

Residential Segment Dominates the Melamine Faced Chipboard (MFC) Market:
Based on application, the residential segment accounted for a larger revenue share and is projected to grow with a CAGR of 7.3% from 2022 to 2028 to reach USD 4,960.8 Mn by 2028. The market is growing in this segment due to increasing construction activities, and increased demand for melamine-faced chipboard in kitchen frames and furniture. The characteristics of melamine like durability, affordability, and practicality are also driving the need for the melamine-faced chipboard.

Asia-Pacific Leads Melamine Faced Chipboard (MFC) Market:
In 2021, the Melamine Faced Chipboard (MFC) market in Asia-Pacific had the largest market share of 38.2 percent. The market is expanding in Asia-Pacific because of the rapidly rising population and large-scale urbanization initiatives. The high market size, combined with Asia-rapid Pacific's growth, is critical to the market's expansion. Furthermore, due to a saturated market and stable sectors, Latin America is likely to offer profitable chances for melamine-faced chipboard (MFC) soon.

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The melamine-faced chipboard market key players are Pfleiderer, Finsa, Unilin, Kronoplus Limited, EGGER Group, Max World Marketing Sdn, HeveaBoard Berhad, Premier Forest Products, and Starwood Capital Group.

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