Market by Product Type (Medium Density Fiberboard (MDF)/High Density Fiberboard (HDF), Particleboard, Oriented Strand Board (OSB), Plywood, Other Product Types) Application (Furniture, Construction, Packaging, Other Applications) and Country Outlook | Forecast 2024-2032
Triton’s analysis estimated that the Middle East and Africa wood based panel market is set to garner revenue at 5.94% CAGR over the forecast years 2024-2032.
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The growing middle class and rising consumer spending in the Middle Eastern countries are boosting the furniture and interior design markets, further increasing the use of wood-based panels. Another growth factor is the expanding role of government infrastructure projects, particularly in Saudi Arabia and the UAE, which are investing heavily in large-scale construction developments. Notably, the construction and furniture industries in this region are increasingly leaning towards sustainable and eco-friendly materials, with wood-based panels offering an attractive alternative to non-recyclable options. This will open up new opportunities for innovation for the wood based panel manufacturers.
The countries examined in this region include:
The United Arab Emirates leads with the highest market share, accounting for nearly $2.87 billion in 2023.
According to OEC, the United Arab Emirates exported $440 million in wood products in 2022, ranking as the 52nd largest wood product exporter globally. This has positively impacted the wood based panel industry.
The country’s strong export capability supports steady access to raw materials for wood-based panel manufacturers, particularly in Middle Eastern regions with growing construction, furniture, and packaging needs.
With its strategic location, large consumer base, and advanced financial market, the UAE has emerged as a key player in multiple industries, especially construction. The sector is poised for continued growth, driving further demand for wood-based panels.
Wood Based Panel Market Trends in South Africa
South Africa’s wood-based panel market is positioned for robust growth, driven by population increases, economic progress, government-led infrastructure projects, and a thriving furniture industry. The country’s extensive primary forests, covering 10.2% of its forested area and valued for their biodiversity and carbon density, offer a valuable resource to the wood based panel industry. South Africa also has a vital role in the growth of Africa’s construction sector, projected to reach $135.3 billion by 2026, driven by urbanization and infrastructure projects. These factors are set to expand the use of wood-based panels in production.
The market segments for wood based panel consist of product type and application. The application segment includes packaging, construction, furniture, and other applications. In the packaging sector, wood based panels are particularly suited for packaging heavy, bulky, and delicate items, such as glass, ceramics, and electronics, due to their strength, durability, and impact resistance. With a rising emphasis on environmentally friendly practices, these panels are increasingly replacing non-recyclable materials like plastic and foam.
Contender Analysis in the Wood Based Panel Market:
Kastamonu Entegre is a leading manufacturer of decorative panels and building materials, offering a wide range of products, including raw and melamine-coated particle boards, high-gloss panels, MDF boards, laminate flooring, countertops, door panels, and more. The company is headquartered in Turkey and caters to the furniture, interior design, and construction industries.
Recently, the company launched its Floorpan Street series, featuring advanced Hygiene+ technology. This new type of laminate flooring offers protection by inhibiting up to 99.9% of bacterial growth within just 24 hours, setting a new standard in hygiene and safety.
Some other notable contenders in the wood based panel market are Arauco, Dongwha Malaysia SDN BHD, Century Ply, Egger Group, Georgia-Pacific LLC, etc.
KEY DELIVERABLES OF THE REPORT:
Market CAGR during the forecasting years 2024-2032
Detailed data highlighting key insights, industry components, and market strategies
Comprehensive information and estimation of the wood based panel market revenue growth in the Middle East and Africa and its influence on the parent market
In-depth study of forthcoming trends in consumer behavioral patterns
A meticulous analysis of the competitive landscape and Porter’s Five Forces
A wide-ranging study of factors that will challenge the Middle East and Africa wood based panel market’s growth during the upcoming years
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VIEW REPORT1. MIDDLE
EAST AND AFRICA WOOD BASED PANEL MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1. IMPACT
ANALYSIS ON THE WOOD BASED PANEL MARKET
2.1.1. COVID-19
IMPACT ON THE WOOD BASED PANEL MARKET
2.1.2. UKRAINE-RUSSIA
WAR IMPACT ON WOOD BASED PANEL MARKET
2.2. PORTER’S
FIVE FORCES ANALYSIS
2.2.1. THREAT
OF NEW ENTRANTS
2.2.2. THREAT
OF SUBSTITUTES
2.2.3. BARGAINING
POWER OF BUYERS
2.2.4. BARGAINING
POWER OF SUPPLIERS
2.2.5. THREAT
OF COMPETITIVE RIVALRY
2.3. MARKET
MATURITY ANALYSIS
2.4. SUPPLY
CHAIN ANALYSIS
2.4.1. RAW
MATERIALS
2.4.2. MANUFACTURING
2.4.3. QUALITY
CONTROL AND TESTING
2.4.4. DISTRIBUTORS
2.4.5. SALES
2.5. KEY
MARKET STRATEGIES
2.5.1. ACQUISITIONS
2.5.2. CONTRACTS
& AGREEMENTS
2.5.3. BUSINESS
DIVESTITURES & EXPANSIONS
2.6. MARKET
DRIVERS
2.6.1. POSITIVE
GROWTH TRENDS IN RESIDENTIAL AND COMMERCIAL CONSTRUCTION
2.6.2. GROWING
ADOPTION OF SUSTAINABLE BUILDING PRACTICES
2.6.3. INCREASE
IN HOUSEHOLD SPENDING AND FURNITURE UPGRADES FOR WOOD-BASED PANELS
2.7. MARKET
CHALLENGES
2.7.1. STRICT
GOVERNMENT REGULATIONS ON DEFORESTATION
2.7.2. FORMALDEHYDE
EMISSIONS FROM WOOD-BASED PRODUCTS
2.7.3. TIMBER
SUPPLY SHORTAGES
2.8. MARKET
OPPORTUNITIES
2.8.1. EMERGING
TRENDS IN TECHNOLOGICAL INNOVATION
2.8.2. CHANGING
LANDSCAPE OF CONSTRUCTION AND URBAN DEVELOPMENT
2.9. ANALYST
PERSPECTIVE
3. MIDDLE
EAST AND AFRICA WOOD BASED PANEL MARKET – BY PRODUCT TYPE
3.1. MEDIUM-DENSITY
FIBERBOARD (MDF)/ HIGH-DENSITY FIBERBOARD (HDF)
3.2. PARTICLEBOARD
3.3. ORIENTED
STRAND BOARD (OSB)
3.4. PLYWOOD
3.5. OTHER
PRODUCT TYPES
4. MIDDLE
EAST AND AFRICA WOOD BASED PANEL MARKET – BY APPLICATION
4.1. FURNITURE
4.1.1. RESIDENTIAL
BUILDING
4.1.2. COMMERCIAL
BUILDING
4.2. CONSTRUCTION
4.2.1. FLOOR
AND ROOF
4.2.2. WALL
4.2.3. DOOR
4.2.4. OTHER
CONSTRUCTIONS
4.3. PACKAGING
4.4. OTHER
APPLICATIONS
5. MIDDLE
EAST AND AFRICA WOOD BASED PANEL MARKET – BY COUNTRY OUTLOOK
5.1. MIDDLE
EAST AND AFRICA
5.1.1. COUNTRY
ANALYSIS
5.1.1.1. UNITED
ARAB EMIRATES
5.1.1.1.1. UNITED
ARAB EMIRATES WOOD BASED PANEL MARKET FORECAST & PROSPECTS
5.1.1.2. SAUDI
ARABIA
5.1.1.2.1. SAUDI
ARABIA WOOD BASED PANEL MARKET FORECAST & PROSPECTS
5.1.1.3. EGYPT
5.1.1.3.1. EGYPT WOOD
BASED PANEL MARKET FORECAST & PROSPECTS
5.1.1.4. SOUTH
AFRICA
5.1.1.4.1. SOUTH
AFRICA WOOD BASED PANEL MARKET FORECAST & PROSPECTS
5.1.1.5. REST
OF MIDDLE EAST & AFRICA
5.1.1.5.1. REST
OF MIDDLE EAST & AFRICA WOOD BASED PANEL MARKET FORECAST &
PROSPECTS
6. COMPETITIVE
LANDSCAPE
6.1. CENTURY
PLY
6.1.1. OVERVIEW
6.1.2. PORTFOLIO
6.1.3. KEY
STRENGTHS
6.1.4. KEY
CHALLENGES
6.2. ARAUCO
6.2.1. OVERVIEW
6.2.2. PORTFOLIO
6.2.3. KEY
STRENGTHS
6.2.4. KEY
CHALLENGES
6.3. DONGWHA
MALAYSIA SDN BHD
6.3.1. OVERVIEW
6.3.2. PORTFOLIO
6.4. EGGER
GROUP
6.4.1. OVERVIEW
6.4.2. PORTFOLIO
6.4.3. KEY
STRENGTHS
6.4.4. KEY
CHALLENGES
6.5. GEORGIA-PACIFIC
LL
6.5.1. OVERVIEW
6.5.2. PORTFOLIO
6.5.3. KEY
STRENGTHS
6.5.4. KEY
CHALLENGES
6.6. EVERGREEN
FIBREBOARD BERHAD
6.6.1. OVERVIEW
6.6.2. PORTFOLIO
6.6.3. KEY
STRENGTHS
6.6.4. KEY
CHALLENGES
6.7. GREEN
RIVER HOLDING CO LTD
6.7.1. OVERVIEW
6.7.2. PORTFOLIO
6.8. KRONOSPAN
LIMITED
6.8.1. OVERVIEW
6.8.2. PRODUCT
PORTFOLIO
6.9. KASTAMONU
ENTEGRE
6.9.1. OVERVIEW
6.9.2. PORTFOLIO
6.9.3. KEY
STRENGTHS
6.9.4. KEY
CHALLENGES
6.10. LOUISIANA-PACIFIC
CORPORATION
6.10.1. OVERVIEW
6.10.2. PORTFOLIO
6.10.3. KEY
STRENGTHS
6.10.4. KEY
CHALLENGES
6.11. MIECO
CHIPBOARD BERHAD
6.11.1. OVERVIEW
6.11.2. PORTFOLIO
6.12. ROSEBURG
FOREST PRODUCTS
6.12.1. OVERVIEW
6.12.2. PORTFOLIO
6.12.3. KEY
STRENGTHS
6.12.4. KEY
CHALLENGES
6.13. PFEIFER
GROUP
6.13.1. OVERVIEW
6.13.2. PORTFOLIO
6.14. WEST
FRASER TIMBER CO LTD
6.14.1. OVERVIEW
6.14.2. PORTFOLIO
6.14.3. KEY
STRENGTHS
6.14.4. KEY
CHALLENGES
6.15. SWISS
KRONO GROUP
6.15.1. OVERVIEW
6.15.2. PORTFOLIO
6.15.3. KEY
STRENGTHS
6.15.4. KEY
CHALLENGES
6.16. WEYERHAEUSER
COMPANY
6.16.1. OVERVIEW
6.16.2. PORTFOLIO
6.16.3. KEY
STRENGTHS
6.16.4. KEY
CHALLENGES
7. RESEARCH
METHODOLOGY & SCOPE
7.1. RESEARCH
SCOPE & DELIVERABLES
7.2. SOURCES
OF DATA
7.3. RESEARCH METHODOLOGY
TABLE 1: MIDDLE EAST AND
AFRICA WOOD BASED PANEL MARKET, BY COUNTRY OUTLOOK, FORECAST YEARS, 2024-2032
(IN $ BILLION)
TABLE 2: LIST OF ACQUISITIONS
TABLE 3: LIST OF CONTRACTS
& AGREEMENTS
TABLE 4: LIST OF BUSINESS
DIVESTITURES & EXPANSIONS
TABLE 5: MIDDLE EAST AND
AFRICA WOOD BASED PANEL MARKET, BY PRODUCT TYPE, 2024-2032 (IN $ BILLION)
TABLE 6: MIDDLE EAST AND
AFRICA WOOD BASED PANEL MARKET, BY APPLICATION, 2024-2032 (IN $ BILLION)
TABLE 7: MIDDLE EAST AND
AFRICA WOOD BASED PANEL MARKET, BY FURNITURE, 2024-2032 (IN $ BILLION)
TABLE 8: MIDDLE EAST AND
AFRICA WOOD BASED PANEL MARKET, BY CONSTRUCTION, 2024-2032 (IN $ BILLION)
TABLE 9: MIDDLE EAST AND
AFRICA WOOD BASED PANEL MARKET, BY COUNTRY OUTLOOK, FORECAST YEARS, 2024-2032
(IN $ BILLION)
FIGURE 1: PORTER’S FIVE FORCES
ANALYSIS
FIGURE 2: MARKET MATURITY
ANALYSIS
FIGURE 3: SUPPLY CHAIN
ANALYSIS
FIGURE 4: MIDDLE EAST AND
AFRICA WOOD BASED PANEL MARKET, BY PRODUCT TYPE, 2023 & 2032 (IN %)
FIGURE 5: MIDDLE EAST AND
AFRICA WOOD BASED PANEL MARKET, BY MEDIUM DENSITY FIBERBOARD (MDF)/ HIGH
DENSITY FIBERBOARD (HDF), 2024-2032 (IN $ BILLION)
FIGURE 6: MIDDLE EAST AND
AFRICA WOOD BASED PANEL MARKET, BY PARTICLEBOARD, 2024-2032 (IN $ BILLION)
FIGURE 7: MIDDLE EAST AND
AFRICA WOOD BASED PANEL MARKET, BY ORIENTED STRAND BOARD (OSB), 2024-2032 (IN $
BILLION)
FIGURE 8: MIDDLE EAST AND
AFRICA WOOD BASED PANEL MARKET, BY PLYWOOD, 2024-2032 (IN $ BILLION)
FIGURE 9: MIDDLE EAST AND
AFRICA WOOD BASED PANEL MARKET, BY OTHER PRODUCT TYPES, 2024-2032 (IN $
BILLION)
FIGURE 10: MIDDLE EAST AND
AFRICA WOOD BASED PANEL MARKET, BY APPLICATION, 2023 & 2032 (IN %)
FIGURE 11: MIDDLE EAST AND
AFRICA WOOD BASED PANEL MARKET, BY FURNITURE, 2024-2032 (IN $ BILLION)
FIGURE 12: MIDDLE EAST AND
AFRICA WOOD BASED PANEL MARKET, BY RESIDENTIAL BUILDING, 2024-2032 (IN $
BILLION)
FIGURE 13: MIDDLE EAST AND
AFRICA WOOD BASED PANEL MARKET, BY COMMERCIAL BUILDING, 2024-2032 (IN $
BILLION)
FIGURE 14: MIDDLE EAST AND
AFRICA WOOD BASED PANEL MARKET, BY CONSTRUCTION, 2024-2032 (IN $ BILLION)
FIGURE 15: MIDDLE EAST AND
AFRICA WOOD BASED PANEL MARKET, BY FLOOR AND ROOF, 2024-2032 (IN $ BILLION)
FIGURE 16: MIDDLE EAST AND
AFRICA WOOD BASED PANEL MARKET, BY WALL, 2024-2032 (IN $ BILLION)
FIGURE 17: MIDDLE EAST AND
AFRICA WOOD BASED PANEL MARKET, BY DOOR, 2024-2032 (IN $ BILLION)
FIGURE 18: MIDDLE EAST AND
AFRICA WOOD BASED PANEL MARKET, BY OTHER CONSTRUCTIONS, 2024-2032 (IN $
BILLION)
FIGURE 19: MIDDLE EAST AND
AFRICA WOOD BASED PANEL MARKET, BY PACKAGING, 2024-2032 (IN $ BILLION)
FIGURE 20: MIDDLE EAST AND
AFRICA WOOD BASED PANEL MARKET, BY OTHER APPLICATIONS, 2024-2032 (IN $ BILLION)
FIGURE 21: MIDDLE EAST AND
AFRICA WOOD BASED PANEL MARKET, BY COUNTRY OUTLOOK, 2023 & 2032 (IN %)
FIGURE 22: UNITED ARAB
EMIRATES WOOD BASED PANEL MARKET, 2024-2032 (IN $ BILLION)
FIGURE 23: SAUDI ARABIA WOOD
BASED PANEL MARKET 2024-2032 (IN $ BILLION)
FIGURE 24: EGYPT WOOD BASED
PANEL MARKET 2024-2032 (IN $ BILLION)
FIGURE 25: SOUTH AFRICA WOOD
BASED PANEL MARKET 2024-2032 (IN $ BILLION)
FIGURE 26: REST OF MIDDLE EAST
& AFRICA WOOD BASED PANEL MARKET 2024-2032 (IN $ BILLION)