We expect non-structural panel(particle board and mdf board) consumption will grow through 2016 given that all of the end-use drivers of consumption have been forecased to rise over the next two years. Market growth of chipboard is projected to continue to trend upward as the world housing recovery strenghens in 2015. Other demand indicators such as panel furniture production and home improvements will reflect the spending on items such as furniture and remodeling projects.
- US particleboard consumption is expected to grow further in the year of 2015, with an growth rate 7.5% year-over-year.
- A strong housing market with increasing furniture sales will help push U.S. particle board market higher in this year. For the year of 2015, RISI forecasts US particle board consumption will grow 9.7% to 3.29 BSF.
- Growth in US chipboard consumption will accelerate in 2016.
- Risks to forecast are concretrated on the pace of housing industry recovery and the mix of products manufactured at US furniture factories.