Decorative panels are architectural elements designed to enhance the visual appeal of interior or exterior spaces. Crafted from a variety of materials such as wood, metal, glass, or composites, these panels feature intricate designs, patterns, or textures that add character and elegance to any setting. They serve diverse functions, including wall coverings, room dividers, or facade embellishments, thus integrating both aesthetic and practical benefits. In addition to their decorative role, some panels also offer acoustic or thermal insulation, contributing to the comfort and functionality of a space. Widely used in residential, commercial, and public buildings, decorative panels provide a versatile and stylish solution for modern architectural needs.
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Data Bridge Market Research analyses that the Dubai and Saudi Arabia Decorative Panels Market is expected to reach USD 6.72 billion by 2031 from USD 5.07 billion in 2023, growing with a CAGR of 3.7% in the forecast period of 2024 to 2031.
Key Findings of the Study
Flexibility in Design Option Increasing the Demand of Decorative Panels Market
The decorative panels market in Dubai and Saudi Arabia is experiencing significant growth, driven by the flexibility in design that these panels offer. This adaptability is transforming interior design and construction, allowing for extensive customization and innovation in both residential and commercial spaces. Unlike traditional design elements, modern decorative panels come in various materials, finishes, sizes, and shapes, catering to diverse aesthetic preferences. Their ability to fit unique architectural features and facilitate easy updates makes them particularly appealing in these regions. Manufacturers can leverage this flexibility by showcasing design possibilities, partnering with designers, and offering customization options to meet the growing demand for personalized and trend-responsive design solutions.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016 - 2021)
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Quantitative Units
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Revenue in USD Billion
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Segments Covered
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Product Type (Laminate Panels, Wood Based Panels, Glass Based Panels, Metal Based Panels, and Others), Price Range (Mass and Premium), Application (Wall Cladding, Furniture, Kitchen Cabinets, Cabinet Doors, Countertops, Doors, Flooring, Ceilings, Shelving, Store Fixtures, Stair Trends, Home Decking, and Others), End-User (Residential, Commercial, and Industrial
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Countries Covered
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Saudi Arabia and Dubai
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Market Players Covered
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Finsa (Spain), Akinco.ae (U.A.E.), Bawan (Saudi Arabia), Sonae Arauco (Subsidiary of Sonae Industria) (U.K.), Kronoplus Limited (Austria), EGGER (Austria), mopatech (Saudi Arabia), FAZZA (Saudi Arabia), SONTEXT P/L (Australia), Blue Rhine (U.A.E.), Workspace.ae. (U.A.E.), Royal Shades Curtains LLC (U.A.E.), PFLEIDERER Group B.V. & Co. KG (Germany), PERI SE (Germany)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Segment Analysis:
The Dubai & Saudi Arabia decorative panels market is segmented into four notable segments based on product type, price range, application, and end-user.
- On the basis of product type, the market is segmented into laminate panels, wood based panels, glass based panels, metal based panels, and others
In 2024, laminate panels segment is expected to dominate the Dubai and Saudi Arabia Decorative Panels Market
In 2024, laminate panels segment is expected to dominate the market with a market share of 34.60% due to their cost-effectiveness, durability, and wide range of design options. Laminate panels are affordable and provide a high-quality appearance, making them an attractive choice for both residential and commercial interiors. Additionally, they are easy to maintain and resistant to scratches and moisture, which is ideal for the harsh climates of the region.
- On the basis of price range, the market is segmented into mass and premium
In 2024, laminate panels segment is expected to dominate the Dubai and Saudi Arabia Decorative Panels Market
In 2024, mass segment is expected to dominate the market with a market share of 61.86% due to its affordability and widespread appeal. Mass-market decorative panels offer attractive designs at lower prices, making them accessible to a larger number of customers.
- On the basis of application the market is segmented into wall cladding, furniture, kitchen cabinets, cabinet doors, countertops, doors, flooring, ceilings, shelving, store fixtures, stair trends, home decking, and others. In 2024, wall cladding segment is expected to dominate the market with a market share of 22.24%
- On the basis of end-user, the market is segmented into residential, commercial, and industrial. In 2024, the floor segment is expected to dominate the market with a highest market share of 36.84%
Major Players
Data Bridge Market Research analyses Bawan (Saudi Arabia), EGGER (Austria), Sonae Arauco (Subsidiary of Sonae Industria) (U.K.), PFLEIDERER Group B.V. & Co. KG (Germany), PERI SE (Germany) as major market players in this market.
Market Development
- In May 2024, The PERI Group, a leading manufacturer of formwork and scaffolding systems based in Germany, has acquired UK-based Mabey Hire, a market leader in infrastructure and renovation construction solutions. Mabey Hire, with 400 employees across 16 UK locations, will continue to operate under its current management, brand, and name, but as an independent company under PERI UK. This acquisition aims to leverage synergies in engineering and professionalism, enhancing service offerings and expanding market reach. David Adams, CEO of Mabey Hire, and Ian Hayes, Managing Director of PERI UK, highlight the potential for cross-selling opportunities and improved customer service. Christian Schwörer, CEO of PERI Group, emphasizes this acquisition as a significant step in PERI's growth strategy in civil engineering and renovation markets
- In August 2021, Pfleiderer High-End HPL products are certified with blue angel certification. Pfleiderer pioneers sustainability in construction and furnishing, aligning with consumer eco-consciousness. Its certified HPL products, featuring anti-fingerprint surfaces and worktops, mark a leap forward in environmentally responsible options. With verifiable sustainability and premium quality, Pfleiderer sets the industry benchmark, earning the prestigious Blue Angel seal
- In June 2018, Finsa is proud to announce the launch of its latest product portfolio tailored for the retail sector. As shops, restaurants, and shopping centers begin to reopen their doors following the Covid-19 crisis, its comprehensive range of wood solutions is readily available for architects, interior designers, and design professionals working on retail projects. The new retail portfolio showcases 20 projects highlighting the versatility of its materials in various settings, including restaurants, shops, gyms, clinics, and shopping centers. Whether designing luxurious establishments or more modest spaces, their diverse range of supports and decorative surfaces offers endless possibilities for creative expression
- In March 2023, SHANDONG YIYIJIA DECOR CO., LTD. recently introduced a new sound-absorbing wall panel made of MDF surface and polyurethane base material. Available in various colors, these safe and pollution-free panels have gained significant market traction due to their excellent performance. They are popular in Europe, America, and Asia. The panels measure 60 cm, 28 cm, or 30 cm in width and 2.4 meters or 3 meters in length, with customizable sizes. With a thickness of 21mm, they meet CARB P2 standards and offer a noise reduction coefficient of 0.3 for direct installation and 0.9 when installed with a keel. Maintenance is easy with just a vacuum cleaner or dry rag
- In May 2024, Sontext proudly introduces DecraSound Timber Acoustic Panels, the latest addition to their extensive acoustic panel range. DecraSlat combines timber veneer slats with a polyester (PET) acoustic backing, offering easy installation and availability in over 35 timber veneers and 25 decorative laminates. Ideal for those seeking a timber-look acoustic wall panel that is lightweight and cost-effective, DecraSlat is a premier choice. To showcase the variety of options for noise reduction and creating dynamic environments, they have created a set of beautiful look books as part of the DecraSound Range launch
Regional Analysis
On the basis of geography, the market is segmented into Saudi Arabia and Dubai
As per Data Bridge Market Research analysis:
Saudi Arabia is expected to dominate Dubai and Saudi Arabia Decorative Panels Market
Saudi Arabia is expected to dominate the market because easy installation boosts the demand of decorative panel usage in residential and construction sector.
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