Dublin, Jan. 27, 2025 (GLOBE NEWSWIRE) -- The "Middle East and Africa Plywood Market, By Country, Competition, Forecast and Opportunities, 2020-2030F" report has been added to ResearchAndMarkets.com's offering.
The Middle East and Africa Plywood Market was valued at USD 3.85 Billion in 2024, and is expected to reach USD 4.91 Billion by 2030, rising at a CAGR of 3.97%
The Middle East and Africa Plywood Market refers to the production, distribution, and consumption of plywood within the region, a versatile material made from thin layers or veneers of wood, bonded together with adhesive. Plywood is widely used in construction, furniture manufacturing, and interior decoration due to its strength, durability, and cost-effectiveness. The market is primarily driven by rapid urbanization and infrastructural development across the Middle East and Africa, particularly in countries like Saudi Arabia, the United Arab Emirates, and South Africa.
As the region experiences growth in residential, commercial, and industrial construction, the demand for plywood has surged, especially in the form of medium-density plywood, which is used for flooring, walls, and roof applications. The rising demand for affordable and sustainable building materials has also contributed to the increasing use of plywood, as it offers environmental benefits compared to other alternatives like plastic or metal. Moreover, plywood is extensively used in furniture production due to its versatility and ease of manufacturing, further boosting market demand.
The Middle East and Africa Plywood Market is expected to rise significantly in the future as the construction and furniture sectors continue to expand, backed by both government investments in infrastructure and private sector growth. Additionally, growing awareness about eco-friendly building practices and the adoption of sustainable materials will likely drive the demand for high-quality plywood products. As manufacturers in the region focus on improving production efficiency and introducing innovative products, such as fire-resistant and water-resistant plywood, the market will continue to evolve.
Rising disposable incomes in the region and the increasing popularity of modern home design trends will also contribute to the growth of the plywood market, as it remains a cost-effective solution for a wide range of applications. The region's demand for imported plywood is increasing, with the UAE, Saudi Arabia, and Egypt being among the largest importers. In 2023, the UAE imported over 400,000 cubic meters of plywood, with expectations for this figure to grow by 5-8% annually through 2030.
Segmental Insights
Product Type Insights
Based on Product Type, the hardwood plywood segment dominated the Middle East and Africa plywood market and is expected to maintain its dominance throughout the forecast period. Hardwood plywood is widely recognized for its superior strength, durability, and versatile applications, making it a preferred choice for various construction and interior design projects across the region. The demand for hardwood plywood is particularly high in the Middle East and Africa due to its use in high-end residential, commercial, and infrastructure projects, where both structural integrity and aesthetic appeal are critical.
Additionally, hardwood plywood is often favored for furniture production and interior finishes due to its fine surface quality and durability. As urbanization accelerates and large-scale construction and infrastructure projects continue to grow in the region, the demand for high-quality, durable materials like hardwood plywood is expected to rise further.
The consistent preference for hardwood plywood in both structural and decorative applications, combined with its availability and relatively stable pricing, will likely sustain its dominant position in the market. Furthermore, while other segments such as softwood plywood, tropical plywood, and decorative plywood are also witnessing growth, hardwood plywood remains the top choice due to its superior performance, especially in regions where climate conditions demand stronger and more resilient materials. Thus, the hardwood plywood segment is projected to lead the Middle East and Africa plywood market, driven by ongoing construction, urbanization trends, and the increasing preference for high-performance materials in both functional and aesthetic applications.
Country Insights
In 2024, Saudi Arabia dominated the Middle East and Africa plywood market and is expected to maintain its dominance throughout the forecast period. Saudi Arabia's substantial infrastructure development, urbanization, and construction activities significantly contribute to the demand for plywood, particularly in commercial, residential, and industrial sectors. The country's ongoing initiatives to diversify its economy, such as the Vision 2030 plan, which focuses on urban development, smart cities, and large-scale infrastructure projects, further boost the need for high-quality plywood products.
The demand for plywood in Saudi Arabia is driven by its use in furniture manufacturing, interior decoration, and construction, where plywood serves as an essential material for flooring, paneling, and structural applications. Additionally, the country's proximity to major international plywood suppliers allows for competitive pricing and a consistent supply of various plywood types, such as hardwood and softwood, catering to diverse construction needs.
Moreover, with rapid population growth and a growing middle class, the demand for residential and commercial properties continues to rise, fueling the need for plywood in the region. While other countries in the Middle East and Africa, such as the United Arab Emirates, South Africa, and Egypt, are also witnessing growth in the plywood market, Saudi Arabia's expansive construction and development projects ensure its continued market leadership. The nation's strategic investments in the real estate and construction sectors, alongside its pivotal role in regional trade, are expected to sustain its dominance in the Middle East and Africa plywood market throughout the forecast period.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 133 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $3.85 Billion |
| Forecasted Market Value (USD) by 2030 | $4.91 Billion |
| Compound Annual Growth Rate | 3.9% |
| Regions Covered | Africa, Middle East |
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Middle East and Africa Plywood Market.
- Al Abdullatif Industrial Investment Company.
- Saudi Ceramic Company .
- Celulosa Arauco y Constitucion S.A
- Greenply Industries Limited
- Atlas Concorde S.p.A. Soc.
- Kastamonu Entegre Agac Sanayi ve Ticaret Anonim Sirketi
- Duratex S.A
- FunderMax GmbH
- Metsa Group
- Royal Plywood Co
Report Scope:
Middle East and Africa Plywood Market, By Product Type:
- Softwood Plywood
- Hardwood Plywood
- Tropical Plywood
- Decorative Plywood
Middle East and Africa Plywood Market, By Application:
- Construction & Real Estate
- Furniture
- Packaging
- Transportation
- Others
Middle East and Africa Plywood Market, By Thickness:
- Thin Plywood (Less than 5 mm)
- Medium Plywood (5 mm to 12 mm)
- Thick Plywood (Above 12 mm))
Middle East and Africa Plywood Market, By End-User:
- Residential
- Commercial
- Industrial
Middle East and Africa Plywood Market, By Country:
- Saudi Arabia
- UAE
- Kuwait
- Iran
- Qatar
- Egypt
- South Africa
- Bahrain
- Nigeria
- Turkey
- Rest of Middle East and Africa
For more information about this report visit https://www.researchandmarkets.com/r/6j3m5q
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