Middle East & Africa Wood Based Panel Market Size & Outlook
Middle East & Africa wood based panel market, 2016-2027 (US$M)
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MEA wood based panel market highlights
- The MEA wood based panel market generated a revenue of USD 4,145.5 million in 2019.
- The market is expected to grow at a CAGR of 5.6% from 2020 to 2027.
- In terms of segment, medium density fiberboard (mdf) was the largest revenue generating product in 2019.
- Softboard is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Oman is expected to register the highest CAGR from 2020 to 2027.
MEA data book summary
| Market revenue in 2019 | USD 4,145.5 million |
| Market revenue in 2027 | USD 6,392.5 million |
| Growth rate | 5.6% (CAGR from 2019 to 2027) |
| Largest segment | Medium density fiberboard (mdf) |
| Fastest growing segment | Softboard |
| Historical data covered | 2016 - 2018 |
| Base year for estimation | 2019 |
| Forecast period covered | 2020 - 2027 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Medium density fiberboard (MDF), High density fiberboard (HDF), Particleboard, Oriented Strand Board (OSB), Softboard, Hardboard, Plywood |
| Key market players worldwide | Dongwha Enterprise, Kronospan, SGS, EGGER Group, Norbord Industries, Kastamonu Entegre, Georgia-Pacific, ARAUCO, Canfor Corp, Pfeiffer Vacuum Technology AG, Sumitomo Corp |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.9% of the global wood based panel market in 2019.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2027.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 144,538.3 million by 2027.
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Wood Based Panel Market Scope
Wood Based Panel Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa wood based panel 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 wood based panel market will help companies and investors design strategic landscapes.
Medium density fiberboard (mdf) was the largest segment with a revenue share of 36.28% in 2019. Horizon Databook has segmented the Middle East & Africa wood based panel market based on medium density fiberboard (mdf), high density fiberboard (hdf), particleboard, oriented strand board (osb), softboard, hardboard, plywood covering the revenue growth of each sub-segment from 2016 to 2027.
Increased spending by the government on infrastructure and rising demand for affordable packaging, construction, & furniture solutions in the region are expected to drive the market over the next 8 years.
Favorable approach by the government towards the sector is prompting industry participants to undertake large-scale wood-based panels manufacturing projects in the country, and this trend is expected to continue over the forecast period.
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Our clientele includes a mix of wood based panel market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa wood based panel market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa wood based panel market from 2016 to 2027, including revenue numbers, major trends, and company profiles.
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MEA wood based panel market size, by country, 2016-2027 (US$M)
Middle East & Africa Wood Based Panel Market Outlook Share, 2019 & 2027 (US$M)
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