Markntel Advisors, a leading consulting, data analytics, and market research firm, recently published an analytical report description that describes the recent achievements and developments of prominent players including new launching of innovative products, strategic collaborations, or partnerships, that bolster the growth of the Middle East & North Africa Timber market. The research report on the Middle East & North Africa Timber Market presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts.

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The report further comprises, “Middle East & North Africa Timber Market Research Report: Forecast (2023-2028)”,

The market size is valued at USD 2.87 billion in 2024 & is projected to grow at a CAGR of around 9.49% during the forecast period, i.e., 2023-28.

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Middle East & North Africa Timber Market Key Driver:

Rising Construction of Commercial Building to Escalate the Demand for Timber - Due to rising commercial building construction activities such as 5- & 7-star hotels, resorts, etc., in the countries like the UAE, Saudi Arabia, Oman, Egypt, and others, timber has been in considerable demand since the past period. The vital usage of it in building construction, such as windows, doors, etc., has magnified its requirement in the Middle East & North Africa region. Furthermore, the accelerating tourism in the regional countries has led to the construction of commercial buildings like lavish hotels, retail malls, resorts, etc. Besides, the governments of the countries have been extensively involved in boosting tourism by establishing recreational hubs, luxurious malls, and many more, as well as also by preserving & maintaining historical monuments & cultural heritage sites by renovating them.

Thus, the growing commercial building construction activities in the region are anticipated to drive the demand for timber in the region during the forecast period. Along with this, the benefits, including enhancement in seismic building performance of timber-concrete hybrid tall buildings, would also positively impact the demand for timber in the region, thus influencing the Middle East & North Africa Timber market growth.

Middle East & North Africa Timber Market Analysis Based On Segment, Geography

The Middle East & North Africa Timber market is segmented into significant segments based on:

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.

Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/mena-timber-market.html

Top Companies Essentially Working in Middle East & North Africa Timber Market

Interpro Wood Industries LLC , International Timber Company - ITCO, Al Qarib Wood Industry LLC, Starwood Orman Urunleri Sanayi A.S., ARA Timber, Danzer, Others

Frequently Asked Questions (FAQs)-

1. What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
2. What are the trends influencing the current scenario of the market?
3. What leading factors would propel and impede the industry across the geography?
4. How has the industry been evolving in terms of geography & Middle East & North Africa Timber adoption?
5. How has the competition been shaping up across the geography?

6. Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?

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