The Middle East & North Africa Timber Market: Achieve 9.2% CAGR in 2025-32
As per the research report by Report Cube, the Middle East & North Africa Timber Market is estimated to grow at a CAGR of about 9.2% during the forecast period, 2025-32.
The dynamic and ever-evolving Middle East & North Africa Timber Market is impacted by the growing demand for sustainable building materials, regional construction booms, and expanding infrastructure projects. The building, interior design, and furniture industries in this region generally depend on timber products, like softwood, hardwood, and engineered wood. The governments of several countries, including the UAE, Saudi Arabia, and Egypt, have initiated initiatives to boost their capacity for commercial, infrastructure, and residential uses, which has resulted in a minor surge in the need for wood in recent years.
Currently, the construction of commercial buildings, including five- & seven-star hotels and resorts, in a number of countries, including the United Arab Emirates, Oman, Egypt, Saudi Arabia, and others, has resulted in a tremendous increase in the demand for timber. Owing of its vital use in building construction, for doors, windows, and other components, it is becoming more necessary in the Middle East and North America. Additionally, the growth in tourism in the neighboring countries has driven the construction of commercial buildings such as malls, resorts, luxurious hotels, etc.
Additionally, timber's lightweight characteristics greatly lessens the strain on the home structure, which is why the area's large-scale residential developments are a major source of demand for the material. The increasing number of new homes being constructed in the area would thereby increase the demand for wood in the years to come. Furthermore, the Middle East & North Africa Timber Market is predicted to grow in the coming years as a result of the economies in these regions becoming more willing to support the construction of commercial buildings such as hotels, restaurants, and other leisure & entertainment venues, further states the research study, Middle East & North Africa Timber Market Analysis, 2025.
Analyzing the Calcium Carbonate Market Segmentation
Engineered Wood to Dominate the Middle East & North Africa Timber Market
By product type, the Middle East & North Africa Timber Market is bifurcated into: Softwoods, Hardwoods, and Engineered Woods.
During 2019–23, Engineered Wood captured the substantial share of the Middle East & North Africa Timber Market and is foreseen to flourish in the future years as well. Additionally, it is anticipated that the segment would gain momentum during the projected years. Plywood and oriented strand board (OSD), out of all the engineered woods, have been gaining reputation in the industry due to a number of benefits, including cost, strength, and longevity. Furthermore, plywood's exceptional resistance to moisture has caused a dramatic increase in demand for the commodity across the MENA area, mainly in countries like Saudi Arabia, the United Arab Emirates, Egypt, and Qatar.
The UAE to Dominate the Middle East & North Africa Timber Market
With the biggest market share, the UAE experienced the tremendous growth in the Middle East & North Africa Timber Market among all the countries. There was a persistent market need for timber-and wood-based furniture in public & private, single-story and multi-story buildings to meet a range of needs as construction activities intensified. The UAE Timber Market's explosive growth further fueled the demand for wood and related commodities for hotel and resort construction and furnishings.
The Middle East & North Africa Timber Market Companies Analysis
With the strategic analysis & market study the leading companies, including Interpro Wood Industries LLC , International Timber Company - ITCO, Al Qarib Wood Industry LLC, Starwood Orman Urunleri Sanayi A.S., ARA Timber, Danzer, Others, are predicted to contribute in the growing market outlook.