Saudi Arabia Medium Density Fiberboard Market Size & Outlook
Saudi Arabia medium density fiberboard market, 2018-2030 (US$M)
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Saudi Arabia medium density fiberboard market highlights
- The Saudi Arabia medium density fiberboard market generated a revenue of USD 294.6 million in 2022 and is expected to reach USD 536.4 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 7.8% from 2023 to 2030.
- In terms of segment, furniture was the largest revenue generating application in 2022.
- Interior Decoration is the most lucrative application segment registering the fastest growth during the forecast period.
Medium density fiberboard market data book summary
| Market revenue in 2022 | USD 294.6 million |
| Market revenue in 2030 | USD 536.4 million |
| Growth rate | 7.8% (CAGR from 2022 to 2030) |
| Largest segment | Furniture |
| Fastest growing segment | Interior Decoration |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Furniture, Construction, Interior Decoration |
| Key market players worldwide | Georgia-Pacific, West Fraser Timber Co.Ltd, Dongwha Enterprise, Norbord Industries, Kronospan, EGGER Group, Kastamonu Entegre, ARAUCO |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.7% of the global medium density fiberboard market in 2022.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, Saudi Arabia medium density fiberboard market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 536.4 million by 2030.
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Medium Density Fiberboard Market Scope
Medium Density Fiberboard Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia medium density fiberboard market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to medium density fiberboard market will help companies and investors design strategic landscapes.
Furniture was the largest segment with a revenue share of 47.69% in 2022. Horizon Databook has segmented the Saudi Arabia medium density fiberboard market based on furniture, construction, interior decoration covering the revenue growth of each sub-segment from 2018 to 2030.
According to the Organization of the Petroleum Exporting Countries (OPEC), Saudi Arabia is the second-largest OPEC member country. The country is one of the largest exporters of crude oil and petroleum products across the world.
In addition, oil & gas sector of Saudi Arabia, in 2018, accounted for nearly 70% of the total export earnings. Increasing oil & gas production in the country has resulted in serious air & water pollution issues, which is expected to drive the demand for membrane separation technology in wastewater treatment applications.
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Our clientele includes a mix of medium density fiberboard market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia medium density fiberboard market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia medium density fiberboard market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia medium density fiberboard market size, by application, 2018-2030 (US$M)
Saudi Arabia Medium Density Fiberboard Market Outlook Share, 2022 & 2030 (US$M)
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