Middle East and Africa Wood Based Panel Market Growth, Size, Trends, Demand and Future Outlook
Middle East and Africa Wood Based Panel Market Size– By Product, By Thickness, By Distribution Channel, By Application, By End User- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Jan-2024 | Report ID: COAM2403 | Pages: 1 - 157 | Formats*: |
| Category : Construction & Manufacturing | |||
Middle East and Africa Wood Based Panel Market Introduction and Overview
According to SPER Market Research, the Middle East and Africa Wood Based Panel Market is estimated to reach USD 6.07 billion by 2033 with CAGR of 4.06%.
The report includes an in-depth analysis of the Middle East and Africa Wood Based Panel Market, including market size and trends, product mix, applications, and supplier analysis. A broad category of board products with a strong variety of engineering features are collectively referred to as "wood-based panels." Certain types of panels are relatively new to the market, whilst others were designed and successfully presented over a century ago. Even Nevertheless, panel types have a long history of ongoing optimization and are still far from reaching their maximum potential, so there may always be room for improvement.
- October 2019: Particle board production was expanded at EVERGREEN FIBREBOARD BERHAD. The primary goal is to increase the number of medium-density fiberboard products available in order to better serve the market. As a result, the business increased revenue by growing its downstream product line and fortifying its key strengths.
- March 2021: Kastamonu Entegre made an announcement on the opening of the new laminate production line. The Kastamonu plant's new line will create laminates for residential and commercial properties, offering supplies for a range of establishments. This will assist the business in expanding its market share and better meeting the needs of its clients.
Market Opportunities and Challenges
The demand for wood-based panels in residential and commercial structures is predicted to increase due to an increase in consumer expenditure on wood-based panels for home renovations and furniture. Another element propelling the market's expansion is the enhancement and rise in building renovation activities with the adoption of wood-based panels for an improvement in aesthetic. Furthermore, the market has grown as a result of the growing number of public buildings, opulent hotels, and resorts that use ornamental wood panels. The usage of wood-based panels in residential building is growing due to its superior performance, affordability, and versatility in design, construction, and refurbishment.
There has been a significant improvement in wood-frame building in terms of speed, fiber utilization, waste reduction, and quality control. Price fluctuations for raw materials will have an impact on how much it costs to produce products made of wood-based panels. The manufacturers' revenue will fluctuate in response to changes in production costs. Wood pulp is harvested from trees, but because it is in more demand in some areas than others, it is imported and exported in quantities that are predetermined. The availability of varying quality and price ranges for the raw material makes wood-based production extremely challenging for the manufacturers. Costs of raw materials that fluctuate a lot and poor price control might put a firm in serious jeopardy in the marketplace.
Market Competitive Landscape
There are various domestic and foreign manufacturers in the Middle East and Africa wood-based panel market, creating a competitive environment. Based on variables like product quality, pricing, distribution network, customer support, and brand reputation, market participants compete. Some of major players are EGGER, Starbank Panel Products Ltd, Dongwha Group, ARAUCO, Sonae Industria, EVERGREEN FIBREBOARD BERHAD, Weyerhaeuser Company, Timber Products Company and various others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Product, By Thickness, By Distribution Channel , By Application , By End-User |
| Regions covered | Egypt, Israel, Saudi Arabia, South Africa, U.A.E., Rest Of Middle East And Africa |
| Companies Covered | EGGER, Starbank Panel Products Ltd, Dongwha Group, ARAUCO, Sonae Industria, EVERGREEN FIBREBOARD BERHAD, Weyerhaeuser Company, Timber Products Company and various others. |
COVID-19 Impact on Middle East and Africa Wood Based Panel Market
COVID-19 had an effect on a number of manufacturing businesses, resulting in workplace closures, supply chain disruptions, and transit limitations. The market has seen a decline in sales over the last few years as a result of the lockdown since retail stores have closed and customer access has been restricted. However, more people working from home and having more disposable income are credited for the market's post-pandemic boom. As a result, there is now a greater need for furnishings. The major industry participants are choosing different courses of action in order to recover from COVID-19. The players are improving their offers through a variety of R&D initiatives. By investigating various retail channels and branching out into new areas, they are increasing their market share.
Key Target Audience:
- Distributors and Suppliers
- Construction and Building Material Companies
- Furniture Manufacturers
- Interior Designers and Architects
- Real Estate and Property Developers
- Government and Regulatory Bodies
- Environmental Organizations
- Research and Development Institutions
- Investors and Financial Institutions
Our in-depth analysis of the Middle East and Africa Wood Based Panel Market includes the following segments:
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Key Topics Covered in the Report:
- Middle East and Africa Wood Based Panel Market Size (FY’2023-FY’2033)
- Overview of Middle East and Africa Wood Based Panel Market
- Segmentation of Middle East and Africa Wood Based Panel Market By Product (Plywood, Fibreboard, Oriented Strand Board, Cement-Bonded Particleboard, Lumber Panels, T-Beam Panels, Stress-Skin Panels, and Others)
- Segmentation of Middle East and Africa Wood Based Panel Market By Thickness (9 MM, 10 MM, 18 MM, 20 MM, 40 MM, 50 MM, and Others)
- Segmentation of Middle East and Africa Wood Based Panel Market By Distribution Channel (B2B, OEMS, Specialty Stores, E-Commerce, and Others)
- Segmentation of Middle East and Africa Wood Based Panel Market By Application (Outdoor Door, Window Trim, Ceiling Wall, Mantel, Floor, and Others)
- Segmentation of Middle East and Africa Wood Based Panel Market By End-User (Residential Building, Commercial Building, Hotels, Vila, Hospitals, School, Malls, and Others)
- Statistical Snap of Middle East and Africa Wood Based Panel Market
- Expansion Analysis of Middle East and Africa Wood Based Panel Market
- Problems and Obstacles in Middle East and Africa Wood Based Panel Market
- Competitive Landscape in the Middle East and Africa Wood Based Panel Market
- Impact of COVID-19 and Demonetization on Middle East and Africa Wood Based Panel Market
- Details on Current Investment in Middle East and Africa Wood Based Panel Market
- Competitive Analysis of Middle East and Africa Wood Based Panel Market
- Prominent Players in the Middle East and Africa Wood Based Panel Market
- SWOT Analysis of Middle East and Africa Wood Based Panel Market
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Middle East and Africa Wood Based Panel Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Middle East and Africa Wood Based Panel Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Middle East and Africa Wood Based Panel Market
7. Middle East and Africa Wood Based Panel Market, By Product (USD Million)
7.1. Middle East and Africa Wood Based Panel Market Value Share and Forecast, By Product, 2023-20337.2. Cement-Bonded Particleboard7.3. Fiberboard7.4. Lumber Panels7.5. Oriented Strand Board7.6. Plywood7.7. Stress-Skin Panels7.8. T-Beam Panels
7.9. Others
8. Middle East and Africa Wood Based Panel Market, By Thickness (USD Million)
8.1. Middle East and Africa Wood Based Panel Market Value Share and Forecast, By Thickness, 2023-20338.2. 9 MM8.3. 10 MM8.4. 18 MM8.5. 20 MM
8.6. 40 MM8.7. 50 MM
9. Middle East and Africa Wood Based Panel Market, By Distribution Channel (USD Million)
9.1. Middle East and Africa Wood Based Panel Market Value Share and Forecast, By Distribution Channel, 2023-20339.2. B2B9.3. E-Commerce9.4. OEMS9.5. Specialty Stores9.6. Others
10. Middle East and Africa Wood Based Panel Market, By Application (USD Million)
10.1. Middle East and Africa Wood Based Panel Market Value Share and Forecast, By Application, 2023-203310.2. Ceiling Wall10.3. Mantel, Floor10.4. Outdoor Door10.5. Window Trim
10.6. Other
11. Middle East and Africa Wood Based Panel Market, By End-User (USD Million)
11.1. Middle East and Africa Wood Based Panel Market Value Share and Forecast, By End-User, 2023-203311.2. Commercial Building11.3. Hospitals11.4. Hotels11.5. Malls11.6. Residential Building11.7. School
11.8. Vila11.9. Others
12. Middle East and Africa Wood Based Panel Market Forecast, 2019-2033 (USD Million)
12.1. Middle East and Africa Wood Based Panel Market Size and Market Share
13. Middle East and Africa Wood Based Panel Market, By Product, 2019-2033 (USD Million)
13.1. Middle East and Africa Wood Based Panel Market Size and Market Share By Product (2019-2026)13.2. Middle East and Africa Wood Based Panel Market Size and Market Share By Product (2027-2033)
14. Middle East and Africa Wood Based Panel Market, By Thickness , 2019-2033 (USD Million)
14.1. Middle East and Africa Wood Based Panel Market Size and Market Share By Thickness (2019-2026)14.2. Middle East and Africa Wood Based Panel Market Size and Market Share By Thickness (2027-2033)
15. Middle East and Africa Wood Based Panel Market, By Distribution Channel , 2019-2033 (USD Million)
15.1. Middle East and Africa Wood Based Panel Market Size and Market Share By Distribution Channel (2019-2026)15.2. Middle East and Africa Wood Based Panel Market Size and Market Share By Distribution Channel (2027-2033)
16. Middle East and Africa Wood Based Panel Market, By Application, 2019-2033 (USD Million)
16.1. Middle East and Africa Wood Based Panel Market Size and Market Share By Application (2019-2026)16.2. Middle East and Africa Wood Based Panel Market Size and Market Share By Application (2027-2033)
17. Middle East and Africa Wood Based Panel Market, By End-User , 2019-2033 (USD Million)
17.1. Middle East and Africa Wood Based Panel Market Size and Market Share By End-User (2019-2026)17.2. Middle East and Africa Wood Based Panel Market Size and Market Share By End-User (2027-2033)
18. Middle East and Africa Wood Based Panel Market, By Region, 2019-2033 (USD Million)
18.1. Middle East and Africa Wood Based Panel Market Size and Market Share By Region (2019-2026)18.2. Middle East and Africa Wood Based Panel Market Size and Market Share By Region (2027-2033)18.2.1. Egypt18.2.2. Israel18.2.3. Saudi Arabia18.2.4. South Africa18.2.5. U.A.E.
18.2.6. Rest Of Middle East And Africa
19. Company Profile
19.1. ARAUCO19.1.1. Company details19.1.2. Financial outlook19.1.3. Product summary19.1.4. Recent developments19.2. Dongwha Group19.2.1. Company details19.2.2. Financial outlook19.2.3. Product summary19.2.4. Recent developments19.3. EGGER19.3.1. Company details19.3.2. Financial outlook19.3.3. Product summary19.3.4. Recent developments19.4. EVERGREEN FIBREBOARD BERHAD19.4.1. Company details19.4.2. Financial outlook19.4.3. Product summary19.4.4. Recent developments19.5. Sonae Industria19.5.1. Company details19.5.2. Financial outlook19.5.3. Product summary19.5.4. Recent developments19.6. Starbank Panel Products Ltd19.6.1. Company details19.6.2. Financial outlook19.6.3. Product summary19.6.4. Recent developments19.7. Timber Products Company19.7.1. Company details19.7.2. Financial outlook19.7.3. Product summary19.7.4. Recent developments19.8. Weyerhaeuser Company19.8.1. Company details19.8.2. Financial outlook19.8.3. Product summary19.8.4. Recent developments15.20 Others
16 List of Abbreviations
17 Reference Links
18 Conclusion
19 Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Middle East and Africa Wood Based Panel Market is projected to reach USD 6.07 billion by 2033, growing at a CAGR of 4.06% during the forecast period.
Middle East and Africa Wood Based Panel Market size from 2022. The Market is expected to reach USD6.07 billion by 2033, at a CAGR of 4.06% during the forecast period.
Middle East and Africa Wood Based Panel Market CAGR of 4.06% during the forecast period.
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Middle East and Africa Wood Based Panel Market size is 6.07 billion from 2023 to 2033.
Middle East and Africa Wood Based Panel Market Segment is covered By Types, By Materials.
The MEA is anticipated to have the highest market share in the Middle East and Africa Wood Based Panel Market .
"The key players in the market include Companies Covered EGGER, Starbank Panel Products Ltd, Dongwha Group, ARAUCO, Sonae Industria, EVERGREEN FIBREBOARD BERHAD, Weyerhaeuser Company, Timber Products Company and various others."
The usage of wood-based panels in residential building is growing due to its superior performance, affordability, and versatility in design, construction, and refurbishment.
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