The particleboard market is gaining ground
The particleboard market is booming in Bangladesh thanks to the growing demand for alternative furniture to wood and its increasing use in interior decoration.
According to Fazle Rabbi, Marketing Manager of Partex Star Group, one of the leading particle board manufacturers in Bangladesh.
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A particleboard is a substitute for wood, made from wood shavings. It is used in interior decoration, furniture, door and door frames, partitions, false ceilings, shelves and panels for use in homes, offices and commercial establishments.
Founded in 1962, Star Particle Board Mills Ltd, a Partex Star Group company, became the first such industry in Bangladesh by establishing a jute-based particle board mill.
The journey of the wood-based particle board industry started in 2006. And there has been massive investment in particle board manufacturing after 2011 with the demand increasing steadily in line with the booming consumer class. expansion.
There are several types of particle board produced in the country: melamine, plywood, plain board, veneered board and PVC board. The MDF board is imported from Malaysia.
Melamine panels account for around 60% of the market due to their increased use in the business, furniture and residential segments.
Manufacturers use locally available raw materials such as waste wood and jute stick as the main ingredients to make particle board.
“So particle board can even be considered a by-product of sawmills,” the rabbi said. However, chemicals and pastes are imported from China, Myanmar and Malaysia.
The market size reached Tk 3,000 crore, of which Tk 480 crore was spent on importing MDF panels, according to an industry estimate.
Although there is no reliable data, people in the industry say that about 10,000 crore of Tk has been invested in the industry by 15 to 16 big and small factories.
The main manufacturers are Akij Particle Board Mills, Star Particle Board Mills, Super Particle Board Mills, MRS Industries, Amber Boards, Multi Panels, Woodland Plywood & Particle Board Mills, Bengal Plywood Mills, Otobi, Diamond Particle Board Mills and Maya Particle Board Mills . .
The labour-intensive industry directly created about 15,000 jobs.
The annual demand for particle board is 76 crore square feet and the consumption is expected to continue in the coming years due to rapid urbanization.
Shahriar Zaman, Marketing Manager of Akij Particle Board Mills, says the demand for particle board is on the rise thanks to the lower price compared to wooden furniture as well as its use in the interior decoration of the company’s offices. .
Of the total consumption of particle board in Bangladesh, 54% is used in the furniture sector and the rest in interior decoration by commercial or corporate customers.
The booming housing and furniture sectors have contributed immensely to the growth of the particle board market.
“When a sector grows, the backward link also grows. So, the particleboard market is growing along with the furniture industry,” said Selim H Rahman, Chairman and Managing Director of Hatil Furniture, one of the largest furniture manufacturers in Bangladesh.
Faizur Rahman Khan, managing director of BTI, a leading property developer, says his company uses doors made of particle board in apartments.