GCC Particleboard Market Price Trends 2022: Size, Share, Industry Overview, Growth, Opportunities and Forecast to 2027
The report tracks the latest industry trends and analyzes their overall impact on the market. It also assesses market dynamics, which covers key demand and price indicators, and studies the market based on SWOT and Porter’s Five Forces models.
Historical year: 2016-2021
Base year: 2021
Forecast year: 2022-2027
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Particleboard, also known as low-density fiberboard (LDF), refers to engineered wood made from a mixture of sawmill shavings, synthetic resin, sawdust, or sawdust. other suitable binders which are extruded and pressed.
Different product variations are available depending on size, density, amount of adhesive used, particle geometry, etc. They are lightweight, affordable, easy to install, provide aesthetic value and have a uniform surface.
As a result, they are widely used as building materials for infrastructure, recording studios, concert halls, furniture, etc.
To note: Our analysts are constantly monitoring the influence of the COVID-19 pandemic on the market. This relevant information is included in the report to improve efficiency, resilience and overall business performance.
GCC Particleboard Industry Trends and Drivers:
Expanding construction industry owing to rapid urbanization and population growth is one of the major factors fueling the growth of the GCC particle board market. Also, the increasing use of particle board in loudspeakers and false ceilings in auditoriums and theaters due to their thermal-acoustic insulation properties is acting as an important growth factor.
Apart from this, major manufacturers are focusing on improving the intrinsic characteristics of particleboard by using raw materials obtained from cultivated plants. They also use natural fibers including wheat, rice, barley, cotton gin, banana, etc. to introduce various products, which in turn creates market prospects positive.
Additionally, changing consumer preferences and rising standard of living in the GCC region are encouraging consumers to opt for furniture made from particle board, which is expected to drive the growth of the regional market in the years to come.
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GCC Particleboard Market Segmentation:
The market is segmented 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 information on the competitive landscape of the GCC the Particle Board industry with key players profiled in the report.
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