Hardboard production in Malaysia experienced a significant decrease from 2017 onwards, dropping by almost 50%, and remained stagnant at 100,000 cubic meters annually until 2022. In 2023, production rose slightly by 4.65% to 104.65 thousand cubic meters. From 2024 onwards, forecasted data suggest a positive trend, with year-on-year increases predicted. The forecasted CAGR from 2023 to 2028 stands at 2.81%, indicating moderate growth.
Future trends to watch for include emerging demand for sustainable building materials and the potential impact of technological advancements in manufacturing processes. Environmental regulations and global market conditions may also influence hardboard production volumes.
