As a new type of construction material, hollow boards are seeing year-on-year growth in market demand. Statistics show that the global hollow board market was valued at US$3.96 billion in 2019 and is projected to reach US$6.32 billion by 2026, representing a compound annual growth rate (CAGR) of 6.9%. China is currently a major global producer and consumer of hollow boards, ranking among the world's leaders in market size.
Chinese Market
The Chinese hollow board market is substantial, with demand increasing year by year. In 2019, the market size stood at RMB 11.64 billion; it is expected to reach RMB 19.43 billion by 2025, with a CAGR of 7.9%. Current applications are primarily concentrated in sectors such as construction, advertising, and packaging, with the construction industry accounting for the largest share of the market.
Global Market
The global hollow board market is expanding steadily, driven by continuously rising demand. The market was valued at US$3.96 billion in 2019 and is forecast to reach US$6.32 billion by 2026, reflecting a CAGR of 6.9%. Key markets are currently concentrated in the Asia-Pacific region, Europe, and the Americas, with the Asia-Pacific region holding the largest market share.
