Sounds like you want Medium Density Overlay. It's a plywood core with an MDF-like surface finish. Often used by sign manufacturers because it paints so well. I, personally, wouldn't use MDF for a cabinet. It's too heavy and offers too little strength. It's advantages are that it's dirt cheap and you can route complex profiles in it without having to worry about voids, grain, etc. For me, neither of those things is really an issue.
I probably wouldn't use either.
MDF is too heavy and offers too little strength. It's advantages are that it's dirt cheap and you can route complex profiles in it without having to worry about voids, grain, etc. For me, neither of those things is really an issue.
Plywood is light and strong. Unfortunately, it's more expensive and takes longer to prep for finish and paint. Cheap plywood (e.g. CDX) is of such poor quality that it's generally unsuitable for use in a cabinet. If I wanted something that looked like wood, I'd use furniture-grade plywood.
For a painted cabinet, I'd recommend Medium Density Overlay (MDO). It's, essentially, a plywood core with an MDF-like surface. It's often used by sign makers because it is so easy to paint. You get the strength and lightness of plywood, with the paintability of MDF. MDO can be difficult to find, however, and likely isn't any cheaper than decent-quality plywood.
If I didn't want to spend any time on finishing, I'd used black melamine-covered particle board. It's only slightly lighter than MDF and slightly heavier. Gluing to the melamine surface requires special glue (e.g. RooGlue Clear). And if you don't have a high-quality saw blade, you'll get tear-out along every cut line that will make the finished piece look like junk. That said, if you have the necessary tools melamine can get you good results quickly. Probably twice the price of MDF, but less expensive than furniture-grade plywood. Throw some graphics on the side and some colored T-molding and you can put together a very nice cabinet very quickly.