GCC Particle Boards Market

GCC Particle Boards Market Overview:

The GCC particle boards market was worth US$ XX Billion in 2022, expanding at a CAGR of X% during 2017-2022. Looking forward, the market is projected to grow at a CAGR of around X% during 2023-2028, reaching a value of US$ XX Billion by 2028. Particle board is a lightweight engineered wood product that is made by heat-pressing a combination of resin and sawdust together. These boards are low-density products that are widely used as a plywood substitute in the manufacturing of furniture and other wooden items for interior usage. They can also serve as a substrate for countertops, false ceilings, floor coverings and roof sheathing. In addition to this, they are environment friendly in nature, provide thermo-acoustic insulation and require minimal maintenance.

The market in the GCC region is majorly driven by considerable growth in the construction industry. With the inflating disposable income levels of individuals and the rising preference for aesthetically appealing interior spaces, there has been a significant rise in the demand for renovation and refurbishment activities across the region, which, in turn, is providing a boost to the sales of particle boards. This is further supported by rapid urbanization and an enhanced focus on sustainable development among the masses.

The particle board or chip board is a manufactured wood that is produced by extruding and pressing shavings, sawdust, wood chips, and synthetic resins. As compared to plywood, it offers a smoother surface, eco-friendly profile, lighter weight, ease of transportation, better sound absorbing property and cost effectiveness. Particle board is used for manufacturing cabinets, doors, bookcases, walls, and floors. 

The GCC particle board market is primarily being driven by the rapid expansion in the residential sector on account of its excellent moisture-resisting property, which is ideal for different weather conditions. Other than this, the escalating demand for premium-quality furniture due to rising disposable incomes is further fueling the market growth. Moreover, the expediting usage of particle boards in the industrial sector is creating a positive outlook for the market in the region.

GCC Particle Boards Market Segment Insights:

The GCC particle boards market has been analysed as followed:

Segmentation by Residential and Commercial Application:

• Residential
• Commercial

Segmentation by New Construction and Replacement Application:

• New Construction
• Replacement

Segmentation by Country:

• Saudi Arabia
• United Arab Emirates
• Qatar
• Kuwait
• Oman
• Bahrain

Country-wise, the market has been segmented into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Oman and Bahrain. Amongst these, Saudi Arabia represents the largest market, accounting for majority of the GCC region.

Competative Landscape: 

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Highlights of the GCC Particle Boards Market Report:

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis

Report Customisation:

The GCC particle boards market report can be customised as per your requirements. You can get in touch with our analyst, who will make sure that the report suits your research needs.