Dubai & Saudi Arabia Wood Based Panel Market

Dubai & Saudi Arabia Wood Based Panel Market

Dubai & Saudi Arabia wood based panel market is expected to reach USD 2.86 billion by 2031 from USD 2.31 billion in 2023, growing with a CAGR of 2.8% in the forecast period of 2024 to 2031.

Market Segmentation:
Dubai & Saudi Arabia Wood Based Panel Market, By Product (Plywood, Fiberboard, Oriented Strand Board, Particleboard, Wood & Lumber Panels, T-Beam Panels, Stress-Skin Panels, Melamine Faced Boards, Multi-Layer Panels, and Others), Thickness (18MM, 20MM, 10MM, 9MM, 40MM, 50MM, and Others), Distribution Channel (B2B, OEMS, Specialty Stores, E-Commerce, and Others), Application (Floor, Ceiling Wall, Outdoor Door, Window Trim, Mantel, and Others), End-User (Residential Building and Commercial Building), By Country/City ( Dubai and Saudi Arabia)- Industry Trends and Forecast to 2031

Some of the major factors contributing to the growth of the Dubai & Saudi Arabia wood based panel market:
Drivers
• Rise in consumer spending on Wood-based panels in the renovation of homes and furniture
• Balanced import and export procedures of wood panels among the countries
Restraint
• Stringent rules and norms by the government regarding deforestation

Opportunity
• Increase in partnerships for the growth of the construction sector in emerging countries

Market Players:
The key players operating in the Dubai & Saudi Arabia wood based panel market are:
• Bawan
• EGGER
• Sonae Arauco
• Finsa
• EVERGREEN FIBREBOARD BERHAD
• Kronoplus Limited
• PFLEIDERER Group B.V. & Co. KG
• mopatech
• PERI SE
• Unilam Wood Industries LLC
• Akinco.ae


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