Product Code: ETC040520 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Saudi Arabia Composite Wood Panels Market is expected to grow at a CAGR of 8.3% during the forecast period 2025-2031. The market growth is primarily driven by increasing infrastructure, construction and renovation activities in the country coupled with rising demand for low maintenance and cost effective building materials. Growing awareness about ecofriendly wood products, improving lifestyle standards, and shift towards green buildings are also contributing to the market growth in Saudia Arabia.
The increasing demand from furniture and construction industry is one of major factors driving the market for composite wood panels in Saudi Arabia. With rising infrastructure development activities across residential as well as commercial projects; augmenting need for interior decor components such as wall paneling, floors & ceilings etc among others is creating an improved outlook towards wood based products including MDF boards & particleboard among others leading to surge in overall sales volume of composite wood panels in near future. Rising Disposable Incomes: Increased consumer spending capacity on various home improvement projects due to rise in disposable income levels coupled with introduction of innovative product offerings using advanced technology have led manufacturers to focus more on producing high quality end products which can meet customer needs thereby resulting into increased adoption rate among customers thus positively impacting overall market growth over forecast timeline.
Presence of substitute materials including plastic/synthetic laminates & aluminum composites hinder global composite wooden panel??s penetration rate since they offer similar strength characteristics at comparatively lower cost than that offered by wooden counterparts which restrict its acceptance within masses thus limiting its scope ultimately affecting revenue generation prospects directly or indirectly over long run.
COVID-19 has had an adverse effect on the composite wood panels market due to disruptions in production process as well as supply chain operations caused by lockdowns imposed across countries worldwide including Saudi Arabia. Nevertheless, government initiatives for providing financial support have enabled companies operating in this industry to mitigate some of these losses.
Major players operating in Saudi Arabia composite wood panels market include USG Corporation (Knauf), Armstrong World Industries Inc., Owens Corning Corporation, Georgia Pacific LLC., American Gypsum Company LLC., National Gypsum Company LLC., CertainTeed Corporation, Etex Group (Aurubis AG), Habito Construction Products Ltd.,and James Hardie Building Products Ltd among others.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Composite Wood Panels Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Composite Wood Panels Market Revenues & Volume, 2021 & 2031F |
3.3 Saudi Arabia Composite Wood Panels Market - Industry Life Cycle |
3.4 Saudi Arabia Composite Wood Panels Market - Porter's Five Forces |
3.5 Saudi Arabia Composite Wood Panels Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Saudi Arabia Composite Wood Panels Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Saudi Arabia Composite Wood Panels Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for eco-friendly and sustainable building materials |
4.2.2 Growth in the construction and real estate sectors in Saudi Arabia |
4.2.3 Government initiatives promoting the use of composite wood panels in construction projects |
4.3 Market Restraints |
4.3.1 Fluctuations in raw material prices affecting the cost of composite wood panels |
4.3.2 Competition from alternative building materials such as steel and concrete |
5 Saudi Arabia Composite Wood Panels Market Trends |
6 Saudi Arabia Composite Wood Panels Market, By Types |
6.1 Saudi Arabia Composite Wood Panels Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Composite Wood Panels Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 Saudi Arabia Composite Wood Panels Market Revenues & Volume, By Engineered Wood Panels, 2021-2031F |
6.1.4 Saudi Arabia Composite Wood Panels Market Revenues & Volume, By Hardboard, 2021-2031F |
6.1.5 Saudi Arabia Composite Wood Panels Market Revenues & Volume, By Particleboard, 2021-2031F |
6.1.6 Saudi Arabia Composite Wood Panels Market Revenues & Volume, By MDF (Medium Density Fiberboard), 2021-2031F |
6.2 Saudi Arabia Composite Wood Panels Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Composite Wood Panels Market Revenues & Volume, By Furniture Industry, 2021-2031F |
6.2.3 Saudi Arabia Composite Wood Panels Market Revenues & Volume, By Building Materials, 2021-2031F |
6.2.4 Saudi Arabia Composite Wood Panels Market Revenues & Volume, By Interior Decoration, 2021-2031F |
7 Saudi Arabia Composite Wood Panels Market Import-Export Trade Statistics |
7.1 Saudi Arabia Composite Wood Panels Market Export to Major Countries |
7.2 Saudi Arabia Composite Wood Panels Market Imports from Major Countries |
8 Saudi Arabia Composite Wood Panels Market Key Performance Indicators |
8.1 Environmental certifications obtained by composite wood panel manufacturers |
8.2 Number of construction permits issued in Saudi Arabia |
8.3 Adoption rate of composite wood panels in major infrastructure projects in the country |
9 Saudi Arabia Composite Wood Panels Market - Opportunity Assessment |
9.1 Saudi Arabia Composite Wood Panels Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Saudi Arabia Composite Wood Panels Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Saudi Arabia Composite Wood Panels Market - Competitive Landscape |
10.1 Saudi Arabia Composite Wood Panels Market Revenue Share, By Companies, 2024 |
10.2 Saudi Arabia Composite Wood Panels Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |