Softwood segment has been accomplished largest revenue in the UAE Sawn Wood Market- 6Wresearch
Softwood segment would continue to dominate the UAE Sawn Wood Industry owing to its multitude of applications in infrastructure projects such as flooring, furniture making, building materials and many more. The UAE Sawn Wood market would experience tremendous growth on account of increasing demand for wood owing to growing construction and industrial sector.
According to 6Wresearch, the UAE Sawn Wood Market revenue is projected to grow at a CAGR of 7.0% during 2022-2028. UAE Sawn Wood market would witness robust growth over the forecast period due to an increase in demand for wood owing to growing industrial goods and construction sector in the country. The construction sector of UAE looks promising and hence would directly impact the demand for sawn wood in the country. Moreover, the UAE’s industrial sector would further create opportunities for sawn wood as they are readily used in the industrial sector for packaging industrial goods. Moreover, growing e-commerce activities supported by increasing demand for online shopping and development in the economy would propel the UAE Sawn Wood Market Growth owing to its uses in packaging and making wooden pallet.
According to Ravi Bhandari, Research Head, 6Wresearch, “Softwood segment had garnered maximum revenue and volume share in UAE sawn wood market owing to its wider applicability in building components, furniture, medium density fibreboard and packaging. Additionally, large proportion of timber comes from softwood and it is expected to grow in the future as they are flexible and lighter in weight which would propel the demand for this segment in UAE sawn wood market.”
“UAE Sawn Wood Market (2022-2028)” report provides an in-depth analysis with 16 figures and 3 tables, covered in 62 pages. UAE Sawn Wood market report comprehensively covers the market by types and. UAE Sawn Wood Market report provides an unbiased and detailed analysis of the ongoing trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.