The MarkNtel Advisors has released its latest report titled "Middle East & North Africa Timber Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028." This comprehensive analysis provides valuable insights into the market, including market share data. The report encompasses competitive analysis, geographical research, and recent advancements in the market. Whether you are an investor, researcher, consultant, marketing strategist, or planning to enter the industry in any capacity, this analysis can greatly benefit you.
Middle East & North Africa Timber Market Definition:
the large-scale residential projects in the region have proved to be a major demand generator for timber as it helps reduce the pressure on the housing structure considerably due to its lightweight. Consequently, the rising construction of new residential units in the region would heighten the demand for timber in the upcoming years. Furthermore, the growing inclination of the Middle East & North African economies to strengthen the domestic tourism industry by promoting the development of commercial buildings such as hotels, restaurants, and other leisure & entertainment spaces is forecasted to soar the construction activities in the region. Hence, the extensive use of timber in the construction & furnishing of the buildings is predicted to provide a lucrative growth opportunity to the MENA timber suppliers during 2023-28.
Middle East & North Africa Timber Market Overview
The Middle East & North Africa Timber market is projected to grow at a CAGR of around 9.49% during the forecast period, i.e., 2023-28.
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What are the Key Driver in the industry?
Middle East & North Africa Timber Market Key Trend:
Rising Adoption of Thermally Modified Timber - The use of thermally modified timber, ThermoWood, has increased considerably across the Middle East & North Africa during the historical years. Lower thermal conductivity, better biological durability, enhanced dimensional stability, and reduced shrinkage due to moisture are some factors contributing to the rising adoption of thermally modified timber. Furthermore, the process of thermal modification is suitable for both hardwood & softwoods & is optimized for the wood species that are majorly used as the raw materials. Various construction projects in the Middle East & North African countries are incorporating these thermally modified woods for better consumer experience & durability, thus making it a trend in the Middle East & North Africa Timber market.
Competitive Landscape With Leading Key Players:
The report's analysis of the Middle East & North Africa Timber market's competitive environment includes thorough profiles of the major industry competitors.
Among these important figures are:
Key Players
-Interpro Wood Industries LLC
-International Timber Company - ITCO
-Al Qarib Wood Industry LLC
-Starwood Orman Urunleri Sanayi A.S.
-ARA Timber
-Danzer
-Others
Key Suppliers
-United Trading and Supply
-Saleh International LLC
-Vinawood Development and Investment Company Limited
-Sunrise Plex
-UNI4 Marketing AB
-Others
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Important Middle East & North Africa Timber Market Segmentation
By Product Type
-Softwoods
--Fir
--Pine
--Cedar
--Redwood lumber
--Hemlock wood
--Spruce
-Hardwoods
--Bamboo
--Oak
--Cherry
--Walnut
--Birch
--Mahogany
--Others (Ashwood, Balsa Wood, etc.)
-Engineered Wood
--Chipboard
--Plywood
--Laminated veneer
--Cross-laminated timber
--Others (Medium-density fibreboard, Oriented strand board, etc.)
By Application Type
-Cable Drums
-Window Frames
-Furniture
-Pallets & Boxes
-Others (Skids, Crane Mats, etc.)
By Country
-The UAE
-Saudi Arabia
-Qatar
-Oman
-Kuwait
-Iran
-Iraq
-Yemen
-Jordan
-Israel
-Syria
-Lebanon
- Egypt
-Rest of Middle East & Africa
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Important Report Highlights:
- Historical Data (2018–2021)
- Base Year (2022)
- Market Prospects (2023–2028)
- Business Trends
- Drivers of the Market and Success Factors
- COVID-19's effects
- Value Chain Evaluation
- Comprehensive competitive landscape mapping
As part of the modification, we will give you any specific information you require that is not already covered by the report.
About MarkNtel Advisors
MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.
Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals. Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.
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