GCC Particle Board Market Size: Industry Analysis, Market Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the GCC particle board market based on its segments including type, end use and region. The report tracks the latest industry trends and analyses their overall impact on the market. It also evaluates the market dynamics, which cover the key demand and price indicators, and studies the market on the basis of the SWOT and Porter’s Five Forces models.
Historical Year: 2016-2021
Base Year: 2021
Forecast Year: 2022-2027
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Particle board, also known as low-density fiberboard (LDF), refers to engineered wood made using a mixture of sawmill shavings, synthetic resin, sawdust, or other suitable binders that are extruded and pressed. Various product variants are available based on size, density, amount of adhesive used, the geometry of particles, etc. These are lightweight, affordable, easy to install, provide aesthetic value, and have a uniform surface. As a result, they are widely utilized as building materials for infrastructure, recording studios, concert venues, furniture, etc.
Note: Our analysts are continuously monitoring the influence of the COVID-19 pandemic on the market. This insightful information is included in the report to improve the efficiency, resilience and overall performance of businesses.
GCC Particle Board Industry Trends and Drivers:
The expanding construction industry owing to the rapid urbanization and the growing population is one of the key factors fueling the growth of the GCC particle board market. Besides this, the increasing utilization of particle boards in speakers and false ceilings of auditoriums and theaters on account of their thermo-acoustic insulation properties is acting as a significant growth-inducing factor. Apart from this, the key manufacturers are focusing on enhancing the intrinsic characteristics of particle boards by using raw materials obtained from crop plants. They are also utilizing natural fibers, including wheat, rice, barley, cotton gin, banana, etc., to introduce diverse products, which, in turn, is creating a positive market outlook. Moreover, shifting consumer preferences and rising living standards in the GCC region are encouraging consumers to opt for furniture made from particle boards, which is expected to drive the regional market growth in the coming years.
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GCC Particle Board Market Segmentation:
The market is segmented in on the basis of type, end use and region.
- End use
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The report also provides insights on the competitive landscape of the GCC particle board industry with the leading players profiled in the report.
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