TAIPEI, Nov. 25, 2024 /PRNewswire/ -- The high-pressure decorative laminates market in the Gulf Cooperation Council (GCC) region is experiencing impressive growth, presenting an attractive opportunity for those looking to enter this lucrative industry. According to a report by Transparency Market Research, the market reached $317.3 million USD in 2023, driven by strong demand across furniture, cabinetry, and flooring applications. The furniture sector alone recorded $161.5 million USD, with a steady 5.6% CAGR from 2014-2023, followed by cabinets at $48 million USD (7.2% CAGR) and flooring at $27.8 million USD (5.1% CAGR).
By end-use, the residential market took the lead, valued at $166.1 million USD in 2023, while commercial projects followed at $122.1 million USD, and industrial applications added $29.1 million USD. Additionally, multiple sales channels are expanding, with wholesale distributors achieving $175.9 million USD and retail stores capturing $53.9 million USD. Direct sales and online platforms, with CAGRs of 5.1% and 6.0% respectively, are also seeing growth, offering new pathways for industry entrants.
In line with its dedication to premium and eco-friendly interior surface solutions, KEDING is actively seeking business partners in the UAE (Dubai, Abu Dhabi) and Saudi Arabia. With our ECO+ Laminates, KEDING offers an innovative alternative to traditional HPL laminate sheets, featuring sustainable materials and unique flexibility that allows for bending and customization--ideal for a wide range of applications. Backed by a strong track record of quality and success, KEDING invites distributors and retailers to join our expanding network. To learn more about our distributor opportunities, watch our video here [https://youtu.be/lKVUmYwww8o?si=62wum_pxVNBJV80o].
Our latest products will be showcased at the BIG 5 Global event, held from November 26-29, 2024, at the Dubai World Trade Centre, Stand No. Z3 F249.
To learn more or schedule a visit, attendees can register for the event here [https://reg.big5global.com/dmg_shop/Big5Global_2024/Shop]. Interested partners may also contact Owen Hsu directly at kdglobalbp@twkd.com [mailto:kdglobalbp@twkd.com] or +886 2 2296-3999 ext. 2703.
Don't miss this opportunity to partner with KEDING and capture a share of the expanding high-pressure laminates market in the GCC.
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Keding Enterprises Co., Ltd.
