MDF is ace, assuming your house isn’t built in a swamp
Tricoya is eye wateringly expensive, something like 10 times the price of normal MDF the last time I looked. And not exactly available in Block & Quayle. Only worth the premium for external use.
I once saw an MDF alternative made of chicken feather fibre (or which mountains go to landfill), which being keratin doesn’t absorb moisture, but it doesn’t seem to have made it into mainstream manufacture. Theres boards made from wheat chaff, which looks like a blonder, sparklier version of chipboard, and smells like petshops. A british company makes the production lines, but hasn’t sold any in the UK so you have to get it shipped in from abroad.
If you want to look at the material rather than paint it then a good birch ply, but you’re paying 4x£MDF for that, cheaper is hardwood ply but thats not good to look at, so it’ll end up painted and barely look any different to MDF but will be a shade less weighty.
Blockboard is pretty handy for this kind of application, cheaper than ply (about £15- £20/ sheet), lighter than MDF. You get a good edge fixing from it too.