Middle East & Africa Wood Based Panel Market Size & Outlook
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- Wood Based Panel Market Outlook
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Middle East Africa Wood Based Panel Market, 2018-2030 (US$M)
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MEA wood based panel market highlights
- The MEA wood based panel market generated a revenue of USD 5,214.7 million in 2024.
- The market is expected to grow at a CAGR of 7.7% from 2025 to 2030.
- In terms of segment, mdf was the largest revenue generating product in 2024.
- Softboard is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2025 to 2030.
MEA data book summary
| Market revenue in 2024 | USD 5,214.7 million |
| Market revenue in 2030 | USD 8,039.9 million |
| Growth rate | 7.7% (CAGR from 2025 to 2030) |
| Largest segment | Mdf |
| Fastest growing segment | Softboard |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | MDF, HDF, PB, 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 2.6% of the global wood based panel market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 50,322.3 million by 2030.
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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Publish Date: Feb 27, 2025
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Wood Based Panel Market Scope
Wood Based Panel Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Sumitomo Corp | View profile | 108,457 | 3-2 Otemachi 2-Chome, Chiyoda-ku, Tokyo, Japan, 100-8601 | www.sumitomocorp.co.jp |
| Georgia-Pacific | View profile | 10001+ | Atlanta, Georgia, United States, North America | www.gp.com/aboutus/companyoverview/index.html |
| Dongwha Enterprise | View profile | 1001-5000 | Yongdungpo, Seoul-t'ukpyolsi, South Korea, Asia | www.dongwha.co.kr |
| Norbord Industries | View profile | 10001+ | Toronto, Ontario, Canada, North America | www.norbord.com |
| Kronospan | View profile | 10001+ | Chirk, Wrexham, United Kingdom, Europe | kronospan.com/ |
| EGGER Group | View profile | 5001-10000 | Sankt Johann In Tirol, Tirol, Austria, Europe | www.egger.com |
| Kastamonu Entegre | View profile | 5001-10000 | Üsküdar, Istanbul, Turkey, Europe | www.keas.com.tr |
| ARAUCO | View profile | 10001+ | Las Condes, Region Metropolitana, Chile, South America | www.arauco.cl |
| SGS | View profile | 10001+ | Geneva, Geneve, Switzerland, Europe | www.sgs.com/ |
| Canfor Corp | View profile | 7,580 | 101-161 East 4th Avenue, Vancouver, BC, Canada, V5T 1G4 | www.canfor.com |
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 Outlook will help companies and investors design strategic landscapes.
Mdf was the largest segment with a revenue share of 37.62% in 2024.
Horizon Databook has segmented the Middle East & Africa wood based panel market based on mdf, hdf, pb, osb, softboard, hardboard, plywood covering the revenue growth of each sub-segment from 2018 to 2030.
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.
- Middle East & Africa Wood Based Panel Market Product Outlook (Revenue, USD Million , 2018-2030)
- MDF
- HDF
- PB
- OSB
- Softboard
- Hardboard
- Plywood
- Middle East & Africa Wood Based Panel Market Application Outlook (Revenue, USD Million , 2018-2030)
- Furniture
- Construction
- Packaging
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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 Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa Wood Based Panel Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Middle East Africa Wood Based Panel Market, 2018-2030 (US$M)
MEA wood based panel market statistics, by product, 2018-2030 (US$M)
