Press Release

Jul, 10 2024

Rise in Consumer Spending on Wood-Based Panels in the Renovation of Homes and Furniture is Expected to Drive the Growth of Dubai and Saudi Arabia Wood Based Panel Market

Wood-based panels are engineered wood products created by bonding wood fibers,, particles, or veneers together with adhesives  and other binding methods. These panels are designed to enhance the mechanical and physical properties of natural wood, providing greater strength, stability, and versatility. Available in various types such as plywood,, particleboard, oriented strand board (OSB), and medium-density fiberboard (MDF), wood-based panels offer consistent quality and dimensional stability. They are widely utilized in construction, furniture manufacturing, and interior design, making them a preferred choice for many applications. The versatility of wood-based panels allows them to be used in a range of environments, from residential to commercial projects. Their cost-effectiveness and reliable performance make them an ideal solution for creating durable and aesthetically pleasing structures and products.

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Data Bridge Market Research analyzes that the Dubai and Saudi Arabia Wood Based Panel Market is expected to reach USD 2.86 billion by 2031 from USD 2.31 billion in 2023, growing with a CAGR of 2.8% in the forecast period of 2024 to 2031. 

Key Findings of the Study

Dubai and Saudi Arabia Wood Based Panel Market

Low Product Cost Coupled with Superior Properties of Wood Panels, Including Strength and Durability 

The Dubai and Saudi Arabia wood-based panels market is experiencing significant growth, driven by the low cost and superior properties of these materials, such as strength and durability, making them attractive for various applications from construction to furniture manufacturing. The affordability, high performance, and versatility of wood-based panels in structural and aesthetic applications are key factors propelling their demand, particularly in residential construction. The market's expansion is further bolstered by advances in engineered wood products (EWPs) and hybrid construction techniques, enhancing quality, reducing waste, and improving efficiency. Additionally, the popularity of modular home construction in the Middle East underscores the industry's success, with research efforts continually targeting new composite products to extend wood fiber utilization and product performance. Consequently, the wood-based panel market is poised for continued growth due to its cost-effectiveness and superior performance, which is expected to drive market growth.

Report Scope and Market Segmentation

Report Metric


Forecast Period

2024 to 2031

Base Year


Historic Years

2022 (Customizable to 2016 - 2021)

Quantitative Units

Revenue in USD Billion

Segments Covered

Product (Plywood, Fiberboard, Oriented Strand Board, Particleboard, Wood & Lumber Panels, T-Beam Panels, Stress-Skin Panels, Melamine Faced Boards, Multi-Layer Panels, and Others), Thickness (18MM, 20MM, 10MM, 9MM, 40MM, 50MM, and Others), Distribution Channel (B2B, OEMS, Specialty Stores, E-Commerce, and Others), Application (Floor, Ceiling Wall, Outdoor Door, Window Trim, Mantel, and Others), End-User (Residential Building and Commercial Building)     

Country/City  Covered

Saudi Arabia, Dubai

Market Players Covered

Bawan (Saudi Arabia), EGGER (Austria), Sonae Arauco (U.K), Finsa (Finsa), EVERGREEN FIBREBOARD BERHAD (Malayasia), Kronoplus Limited, PFLEIDERER Group B.V. & Co. KG (Malayasia), mopatech (Saudi Arab), PERI SE(Germany), Unilam Wood Industries LLC (U.A.E), and (U.A.E) among others

Data Points Covered in the Report

In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Segment Analysis:

The Dubai & Saudi Arabia wood based panel market is segmented into five notable segments based on product, thickness, distribution channel, application, and end-user.

  • On the basis of product, the market is segmented into plywood, fiberboard, oriented strand board, particleboard, wood & lumber panels, T-beam panels, stress-skin panels, melamine faced boards, multi-layer panels, and others

In 2024, the plywood segment is dominating the Dubai and Saudi Arabia Wood Based Panel Market

In 2024, the plywood segment is expected to dominate the market with a highest market share of 25.26%, due to its versatility, strength, and durability, making it suitable for a wide range of applications including construction, furniture, flooring, and packaging. Its cross-grain structure provides greater stability and strength compared to other panels like MDF and particleboard.

  • On the basis of thickness, the market is segmented into 18MM, 20MM, 10MM, 9MM, 40MM, 50MM, and others

In 2024, the 18MM segment is dominating the Dubai and Saudi Arabia Wood Based Panel Market

In 2024, the 18MM segment is expected to dominate the market with a highest market share of 31.05%, as 18mm thickness has become an industry standard for many applications, particularly in furniture making, cabinetry, and interior fittings. This standardization simplifies production processes and reduces costs for manufacturers.     

  • On the basis of distribution channel the market is segmented into B2B, OEMS, specialty stores, e-commerce, and others. In 2024, the B2B segment is expected to dominate the market share of 36.95%
  • On the basis of application, the market is segmented into floor, ceiling wall, outdoor door, window trim, mantel, and others. In 2024, the floor segment is expected to dominate the market with a highest market share of 34.07%
  • On the basis of end-user the market is segmented into residential building and commercial building. In 2024, the residential building segment is expected to dominate the market with a highest market share of 51.80%  

Major Players

Data Bridge Market Research analyses Bawan (Saudi Arabia), EGGER (Austria), Sonae Arauco (U.K), Finsa (Finsa), EVERGREEN FIBREBOARD BERHAD (Malaysia) as major market players in this market.

Dubai and Saudi Arabia Wood Based Panel Market

Market Development

  • In May 2024, The PERI Group, a leading manufacturer of formwork and scaffolding systems based in Germany, has acquired UK-based Mabey Hire, a market leader in infrastructure and renovation construction solutions. Mabey Hire, with 400 employees across 16 UK locations, will continue to operate under its current management, brand, and name, but as an independent company under PERI UK. This acquisition aims to leverage synergies in engineering and professionalism, enhancing service offerings and expanding market reach. David Adams, CEO of Mabey Hire, and Ian Hayes, Managing Director of PERI UK, highlight the potential for cross-selling opportunities and improved customer service. Christian Schwörer, CEO of PERI Group, emphasizes this acquisition as a significant step in PERI's growth strategy in civil engineering and renovation markets
  • In August 2021, Pfleiderer High-End HPL products are certified with blue angel certification. Pfleiderer pioneers sustainability in construction and furnishing, aligning with consumer eco-consciousness. Its certified HPL products, featuring anti-fingerprint surfaces and worktops, mark a leap forward in environmentally responsible options. With verifiable sustainability and premium quality, Pfleiderer sets the industry benchmark, earning the prestigious Blue Angel seal
  • In June 2018, Finsa is proud to announce the launch of its latest product portfolio tailored for the retail sector. As shops, restaurants, and shopping centers begin to reopen their doors following the Covid-19 crisis, its comprehensive range of wood solutions is readily available for architects, interior designers, and design professionals working on retail projects. The new retail portfolio showcases 20 projects highlighting the versatility of its materials in various settings, including restaurants, shops, gyms, clinics, and shopping centers. Whether designing luxurious establishments or more modest spaces, their diverse range of supports and decorative surfaces offers endless possibilities for creative expression

Regional Analysis

On the basis of geography, the market is segmented into Saudi Arabia and Dubai.

As per Data Bridge Market Research analysis:

Saudi Arabia is expected to dominate the Dubai and Saudi Arabia Wood Based Panel Market

Saudi Arabia is expected to dominate the market due to its significant investment in construction and infrastructure projects, supported by its robust economic resources and government initiatives like Vision 2030. Also the country's strategic geographical position and developed logistics network also facilitate efficient importation and distribution of wood products, giving it an edge over other regional markets.

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