Report Overview

Middle East and Africa Plywood Market – Industry Trends & Forecast Report, 2029

Middle East and Africa plywood market size was estimated at USD 2.71 billion in 2022. During the forecast period between 2023 and 2029, the size of Middle East and Africa plywood market is projected to grow at a CAGR of 6.58% reaching a value of USD 4.23 billion by 2029. Middle East and Africa plywood market's driving factors include rapid urbanization and construction projects, leading to increased demand for plywood in the region. Also, a growing population, rising disposable incomes, and a surge in the furniture manufacturing sector are fueling the market's expansion. Infrastructure development, particularly in the Middle East, and the need for plywood in various applications such as interior decor, packaging, and automotive industries are contributing to market growth. Further, environmental regulations and sustainable construction practices are encouraging the use of plywood, driven by its eco-friendly properties, which is also propelling market growth.

Plywood - Overview

Plywood is a versatile engineered wood product commonly used in construction and furniture making. It is made by layering thin sheets of wood, known as veneers, with their grains oriented at right angles to one another and bonding them with adhesive. This cross-grain construction enhances plywood's strength, stability, and resistance to warping. Plywood comes in various grades and thicknesses, making it suitable for a wide range of applications, from sheathing in buildings to crafting cabinets and decorative panels. It is known for its cost-effectiveness, durability, and ability to withstand moisture, making it a popular choice for diverse woodworking and structural projects.

Middle East and Africa Plywood Market

Growth Drivers

Increasing Development of Commercial Buildings

This growth is propelled by the rising demand for plywood in the construction of commercial structures such as office complexes, shopping centers, and hospitality facilities across the region. As urbanization and economic development continue, there's a growing need for durable and versatile building materials like plywood. Plywood offers structural strength, ease of installation, and aesthetic appeal, making it a preferred choice for architects and developers. This trend is expected to fuel the expansion of the Middle East and Africa plywood market during the forecast period.

Restraints

Fluctuations in Prices of Raw Materials

In the Middle East and Africa plywood market, one significant restraint is the susceptibility to fluctuations in the prices of raw materials, particularly timber. Timber is a primary component in plywood production, and its price volatility can disrupt cost structures, impacting the overall profitability of the industry. Economic and environmental factors, such as changes in timber availability, harvesting regulations, and global market dynamics, can lead to unpredictable price swings. This challenge necessitates effective supply chain management, strategic sourcing, and price risk mitigation strategies to maintain stable production costs and competitive pricing in the Middle East and Africa plywood market.

Impact of COVID-19 on Middle East and Africa Plywood Market

Middle East and Africa plywood market experienced significant disruptions due to the COVID-19 pandemic. Lockdowns and restrictions on construction activities led to supply chain interruptions and decreased demand, affecting plywood production and distribution. The uncertainty surrounding the virus's spread and economic impacts also hindered investments and expansion plans. However, as the region gradually adapted to new safety protocols, the market showed resilience, with an increased focus on sustainable and durable construction materials. In the long term, the pandemic may accelerate the adoption of modern construction practices and technologies, influencing the plywood market's evolution in the Middle East and Africa.

Middle East and Africa Plywood Market

Segmental Coverage

Middle East and Africa Plywood Market – By Type

Based on type, Middle East and Africa plywood market is divided into Softwood Plywood, Hardwood Plywood, Tropical Plywood, Aircraft Plywood, and Decorative Plywood segments. The softwood plywood segment is the largest in the Middle East and Africa plywood market, which is widely used for construction and structural applications due to its affordability and versatility. This category of plywood is popular for its strength and ease of availability, making it a primary choice for a wide range of building projects in the region. While other segments such as Hardwood Plywood, Tropical Plywood, Aircraft Plywood, and Decorative Plywood also play significant roles in specialized applications, Softwood Plywood remains the dominant segment due to its broad utility in the construction industry.

Middle East and Africa Plywood Market – By Application

By application, Middle East and Africa plywood market is divided into Furniture Industry, Interior Decoration, and Engineering & Construction segments. The engineering & construction segment is the largest contributor to the growth of Middle East and Africa plywood market by application. This sector involves the utilization of plywood in various construction projects, including residential, commercial, and industrial structures. Plywood is a fundamental building material in this sector, serving as a versatile and durable material for flooring, roofing, formwork, and structural applications. While the other segments, namely Furniture Industry, Interior Decoration, and Engineering, also play significant roles, the Engineering and Construction segment stands out as the most substantial contributor to the region's plywood market due to the extensive infrastructure and construction developments in the Middle East and Africa.

Middle East and Africa Plywood Market – By End User

Based on end user, Middle East and Africa plywood market is divided into New Construction and Rehabilitation segments. The new construction segment encompasses the use of plywood in the development of entirely new buildings, structures, and projects, while the rehabilitation segment involves the renovation, repair, or refurbishment of existing structures using plywood. These two segments represent the primary areas where plywood is utilized in the construction industry within the Middle East and Africa, catering to both the creation of new infrastructure and the enhancement of existing ones, making them integral components of the regional plywood market.

Middle East and Africa Plywood Market – By Country

Geographically, Middle East and Africa plywood market is divided into Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, and Rest of Middle East and Africa. Saudi Arabia is the largest segment in the Middle East and Africa plywood market. As one of the region's economic powerhouses, Saudi Arabia's construction and infrastructure development drive substantial demand for plywood products. The country's continuous growth and urbanization efforts fuel the consumption of plywood for various applications, such as housing, commercial construction, and interior furnishings. This dynamic market segment in Saudi Arabia is characterized by a robust construction industry, government investments, and a thriving real estate sector, making it a key player in the plywood market within the Middle East and Africa region.

Competitive Landscape

Major players in the Middle East and Africa plywood market include Danube Group, United Timber Works, Al Sorayai Group, Al-Kayan Decor Company, Safari Group, Panel World, Swiss Krono Group, Weyerhaeuser, UPM Plywood, and Uniply Industries Ltd. To enhance their market share and expand their reach, these companies are also focusing on investing in innovations, collaborations, and expansions.

Scope of the Report

By Type

• Softwood Plywood

• Hardwood Plywood

• Tropical Plywood

• Aircraft Plywood

• Decorative Plywood

By Application

• Furniture Industry

• Interior Decoration

• Engineering & Construction

By End User

• New Construction

• Rehabilitation

By Country

• Saudi Arabia

• UAE

• Qatar

• Kuwait

• South Africa

• Nigeria

• Algeria

• Rest of Middle East and Africa

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Middle East and Africa Plywood Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Growing adoption of plywood in residential areas
         2. Increasing development of commercial buildings
      2. Restraints
         1. Fluctuations in the prices of raw materials like timber
         2. Increase in usage of multiple byproducts at economical cost
      3. Opportunities
         1. Increasing government and consumer spending in residential and infrastructure construction
         2. Increase in demand for sustainable and eco-friendly construction materials
      4. Challenges
         1. Increasing awareness of environmental sustainability
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Middle East and Africa Plywood Market Overview
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1. Softwood Plywood
         2.  Hardwood Plywood
         3. Tropical Plywood
         4. Aircraft Plywood
         5.  Decorative Plywood
         6. Others
      2. By Application
         1. Furniture Industry
         2.  Interior Decoration
         3. Engineering & Construction
         4.  Others
      3. By End User
         1. New Construction
         2. Rehabilitation
      4. By Country
         1. Saudi Arabia
         2. UAE
         3. Qatar
         4. Kuwait
         5. South Africa
         6. Nigeria
         7. Algeria
         8. Rest of Middle East and Africa
5. Saudi Arabia Plywood Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Application
      2. By End User
6. UAE Plywood Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By End User
7. Qatar Plywood Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By End User
8. Kuwait Plywood Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By End User
9. South Africa Plywood Market
   1. Market Size & Forecast, 2019–2029
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Application
      3. By End User
10. Nigeria Plywood Market
    1. Market Size & Forecast, 2019–2029
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Type
       2. By Application
       3. By End User
11. Algeria Plywood Market
    1. Market Size & Forecast, 2019–2029
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Type
       2. By Application
       3. By End User
12. Rest of Middle East and Africa Plywood Market
    1. Market Size & Forecast, 2019–2029
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Type
       2. By Application
       3. By End User
13. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Middle East and Africa Plywood Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
14. Impact of COVID-19 on Middle East and Africa Plywood Market
15. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Danube Group
    2. United Timber Works
    3. Al Sorayai Group
    4. Al-Kayan Decor Company
    5. Safari Group
    6. Panel World
    7. Swiss Krono Group
    8. Weyerhaeuser
    9. UPM Plywood
    10. Uniply Industries Ltd.
    11. Other Prominent Players
16. Key Strategic Recommendations
17. Research Methodology
    1.       Qualitative Research
       1.   Primary & Secondary Research
    2.       Quantitative Research
    3.       Market Breakdown & Data Triangulation
       1.   Secondary Research
       2.   Primary Research
    4.       Breakdown of Primary Research Respondents, By Region
    5.       Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

List of Figures

Figure 1       Middle East and Africa Plywood Segmentation

Figure 2       Middle East and Africa Plywood Market Value Chain Analysis

Figure 3       Company Market Share Analysis, 2022

Figure 4       Middle East & Africa Plywood Market Size, By Value (USD Million), 2019–2029

Figure 5       Middle East & Africa Plywood Market Share, By Type, By Value, 2019–2029

Figure 6       Middle East & Africa Plywood Market Share, By Application, By Value, 2019–2029

Figure 7       Middle East & Africa Plywood Market Share, By End User, By Value, 2019–2029

Figure 8       Middle East & Africa Plywood Market Share, By Country, By Value, 2019–2029

Figure 9       Saudi Arabia Plywood Market Size, By Value (USD Million), 2019–2029

Figure 10     Saudi Arabia Plywood Market Share, By Type, By Value, 2019–2029

Figure 11     Saudi Arabia Plywood Market Share, By Application, By Value, 2019–2029

Figure 12     Saudi Arabia Plywood Market Share, By End User, By Value, 2019–2029

Figure 13     UAE Plywood Market Size, By Value (USD Million), 2019–2029

Figure 14     UAE Plywood Market Share, By Type, By Value, 2019–2029

Figure 15     UAE Plywood Market Share, By Application, By Value, 2019–2029

Figure 16     UAE Plywood Market Share, By End User, By Value, 2019–2029

Figure 17     Qatar Plywood Market Size, By Value (USD Million), 2019–2029

Figure 18     Qatar Plywood Market Share, By Type, By Value, 2019–2029

Figure 19     Qatar Plywood Market Share, By Application, By Value, 2019–2029

Figure 20     Qatar Plywood Market Share, By End User, By Value, 2019–2029

Figure 21     Kuwait Plywood Market Size, By Value (USD Million), 2019–2029

Figure 22     Kuwait Plywood Market Share, By Type, By Value, 2019–2029

Figure 23     Kuwait Plywood Market Share, By Application, By Value, 2019–2029

Figure 24     Kuwait Plywood Market Share, By End User, By Value, 2019–2029

Figure 25     South Africa Plywood Market Size, By Value (USD Million), 2019–2029

Figure 26     South Africa Plywood Market Share, By Type, By Value, 2019–2029

Figure 27     South Africa Plywood Market Share, By Application, By Value, 2019–2029

Figure 28     South Africa Plywood Market Share, By End User, By Value, 2019–2029

Figure 29     Nigeria Plywood Market Size, By Value (USD Million), 2019–2029

Figure 30     Nigeria Plywood Market Share, By Type, By Value, 2019–2029

Figure 31     Nigeria Plywood Market Share, By Application, By Value, 2019–2029

Figure 32     Nigeria Plywood Market Share, By End User, By Value, 2019–2029

Figure 33     Algeria Plywood Market Size, By Value (USD Million), 2019–2029

Figure 34     Algeria Plywood Market Share, By Type, By Value, 2019–2029

Figure 35     Algeria Plywood Market Share, By Application, By Value, 2019–2029

Figure 36     Algeria Plywood Market Share, By End User, By Value, 2019–2029

Figure 37     Rest of Middle East and Africa Plywood Market Size, By Value (USD Million), 2019–2029

Figure 38     Rest of Middle East and Africa Plywood Market Share, By Type, By Value, 2019–2029

Figure 39     Rest of Middle East and Africa Plywood Market Share, By Application, By Value, 2019–2029

Figure 40     Rest of Middle East and Africa Plywood Market Share, By End User, By Value, 2019–2029

List of Tables

Table 1        Middle East & Africa Plywood Market Size, By Value (USD Million), 2019–2029

Table 2        Middle East & Africa Plywood Market Share, By Type, By Value, 2019–2029

Table 3        Middle East & Africa Plywood Market Share, By Application, By Value, 2019–2029

Table 4        Middle East & Africa Plywood Market Share, By End User, By Value, 2019–2029

Table 5        Middle East & Africa Plywood Market Share, By Country, By Value, 2019–2029

Table 6        Saudi Arabia Plywood Market Size, By Value (USD Million), 2019–2029

Table 7        Saudi Arabia Plywood Market Share, By Type, By Value, 2019–2029

Table 8        Saudi Arabia Plywood Market Share, By Application, By Value, 2019–2029

Table 9        Saudi Arabia Plywood Market Share, By End User, By Value, 2019–2029

Table 10      UAE Plywood Market Size, By Value (USD Million), 2019–2029

Table 11      UAE Plywood Market Share, By Type, By Value, 2019–2029

Table 12      UAE Plywood Market Share, By Application, By Value, 2019–2029

Table 13      UAE Plywood Market Share, By End User, By Value, 2019–2029

Table 14      Qatar Plywood Market Size, By Value (USD Million), 2019–2029

Table 15      Qatar Plywood Market Share, By Type, By Value, 2019–2029

Table 16      Qatar Plywood Market Share, By Application, By Value, 2019–2029

Table 17      Qatar Plywood Market Share, By End User, By Value, 2019–2029

Table 18      Kuwait Plywood Market Size, By Value (USD Million), 2019–2029

Table 19      Kuwait Plywood Market Share, By Type, By Value, 2019–2029

Table 20      Kuwait Plywood Market Share, By Application, By Value, 2019–2029

Table 21      Kuwait Plywood Market Share, By End User, By Value, 2019–2029

Table 22      South Africa Plywood Market Size, By Value (USD Million), 2019–2029

Table 23      South Africa Plywood Market Share, By Type, By Value, 2019–2029

Table 24      South Africa Plywood Market Share, By Application, By Value, 2019–2029

Table 25      South Africa Plywood Market Share, By End User, By Value, 2019–2029

Table 26      Nigeria Plywood Market Size, By Value (USD Million), 2019–2029

Table 27      Nigeria Plywood Market Share, By Type, By Value, 2019–2029

Table 28      Nigeria Plywood Market Share, By Application, By Value, 2019–2029

Table 29      Nigeria Plywood Market Share, By End User, By Value, 2019–2029

Table 30      Algeria Plywood Market Size, By Value (USD Million), 2019–2029

Table 31      Algeria Plywood Market Share, By Type, By Value, 2019–2029

Table 32      Algeria Plywood Market Share, By Application, By Value, 2019–2029

Table 33      Algeria Plywood Market Share, By End User, By Value, 2019–2029

Table 34      Rest of Middle East and Africa Plywood Market Size, By Value (USD Million), 2019–2029

Table 35      Rest of Middle East and Africa Plywood Market Share, By Type, By Value, 2019–2029

Table 36      Rest of Middle East and Africa Plywood Market Share, By Application, By Value, 2019–2029

Table 37      Rest of Middle East and Africa Plywood Market Share, By End User, By Value, 2019–2029

Table 38      Danube Group Company Overview

Table 39      Danube Group Financial Overview

Table 40      United Timber Works Company Overview

Table 41      United Timber Works Financial Overview

Table 42      Al Sorayai Group Company Overview

Table 43      Al Sorayai Group Financial Overview

Table 44      Al-Kayan Decor Company: Company Overview

Table 45      Al-Kayan Decor Company Financial Overview

Table 46      Safari Group Company Overview

Table 47      Safari Group Financial Overview

Table 48      Panel World Company Overview

Table 49      Panel World Financial Overview

Table 50      Swiss Krono Group Company Overview

Table 51      Swiss Krono Group Financial Overview

Table 52      Weyerhaeuser Company Overview

Table 53      Weyerhaeuser Financial Overview

Table 54      UPM Plywood Company Overview

Table 55      UPM Plywood Financial Overview

Table 56      Uniply Industries Ltd.  Company Overview

Table 57      Uniply Industries Ltd.  Financial Overview