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Marine Plywood Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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  • 149 Pages
  • September 2023
  • Region: Global
  • IMARC Group
  • ID: 5647728

Quick Summary:

The global marine plywood market, a unique and robust sector, demonstrates promising growth potential for savvy investors. Marine plywood's unique properties, including resistance to warping, delamination, and moisture-trapping, in both humid and wet conditions, ensure its value and application in construction and manufacturing. Utilized most commonly in the marine industry, its implementation spans from boat and ship building to furnishings and beyond, making it an essential component in a multitude of capacities. Consequently, market demand is forecasted to escalate in the near future.

The rise in popularity of and demand for marine plywood is not confined to the marine industry alone. Its usage has expanded to residential spaces and commercial projects, establishing a varied base of applications that continues to drive market growth. This trend showcases the versatility and reliability of marine plywood, making the market a compelling investment prospect for those seeking to capitalize on innovative and high-performing materials in the global market landscape.

The global marine plywood market size reached US$ 10.7 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 16.7 Billion by 2028, exhibiting a growth rate (CAGR) of 7.9% during 2023-2028.

Marine plywood is a good-quality, hardwood plywood made with waterproof glue. They are generally used for building boats and ships, and any other applications in which the plywood can get exposed to water. Earlier, the major applications of these plywood were confined to the marine industry. However, with increasing technological advancements, they are now also being used in several residential and commercial purposes.

Marine plywood performs well in humid and wet conditions. Moreover, unlike most woods, it also resists the bending, warping or delamination which can often result from too much moisture. This guarantees marine plywood’s durability as well as the structural strength of any construction which makes use of it. Marine plywood is often composed of several face and core veneers, with an effort to reduce the size of any gaps between the sheets. This ensures no water can become trapped. Sheets are glued together for strength and durability and a coat of water and boil proof (WBP) glue provides additional resistance to moisture.

The utilization of marine plywood in the marine industry for manufacturing stringers, floor, transom, boat cabinetry, walls, seating, etc. is anticipated to drive the marine plywood industry in the coming years. Additionaly, the growing popularity of marine plywood in other applications like building rooftops and doors in residential spaces is expected to further fuel its demand.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global marine plywood market report, along with forecasts at the global and regional level from 2023-2028. The report has categorized the market based on application.

Breakup by Application:

  • Marine Applications
  • Deck
  • Dock
  • Boat
  • Others
  • Non-Marine Applications

Breakup by Region:

  • Asia Pacific
  • North America
  • Europe
  • Latin America
  • Middle East and Africa

Competitive Landscape:

The report has also analysed the competitive landscape of the market along with the profiles of the key players.

Key Questions Answered in This Report:

  • How has the global marine plywood market performed so far and how will it perform in the coming years?
  • What are the key regional markets in the global marine plywood industry?
  • What has been the impact of COVID-19 on the global marine plywood industry?
  • What are the key applications in the global marine plywood industry?
  • What are the various stages in the value chain of the global marine plywood industry?
  • What are the key driving factors and challenges in the global marine plywood industry?
  • What is the structure of the global marine plywood industry and who are the key players?
  • What is the degree of competition in the global marine plywood industry?
  • What are the profit margins in the global marine plywood industry?
  • How is marine plywood manufactured?
Frequently Asked Questions about the Global Marine Plywood Market

What is the estimated value of the Global Marine Plywood Market?

The Global Marine Plywood Market was estimated to be valued at $10.7 Billion in 2022.

What is the growth rate of the Global Marine Plywood Market?

The growth rate of the Global Marine Plywood Market is 7.7%, with an estimated value of $16.7 Billion by 2028.

What is the forecasted size of the Global Marine Plywood Market?

The Global Marine Plywood Market is estimated to be worth $16.7 Billion by 2028.

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Marine Plywood Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Region
5.5 Market Breakup by Application
5.6 Market Forecast
5.7 Key Market Drivers and Success Factors
6 Market Breakup by Application
6.1 Marine Applications
6.1.1 Market Performance
6.1.2 Market Breakup by Application Deck Market Performance Market Forecast Dock Market Performance Market Forecast Boat Market Performance Market Forecast Others Market Performance Market Forecast
6.1.3 Market Forecast
6.2 Non-Marine Applications
6.2.1 Market Performance
6.2.2 Market Forecast
7 Market Breakup by Region
7.1 Asia Pacific
7.1.1 Market Performance
7.1.2 Market Forecast
7.2 North America
7.2.1 Market Performance
7.2.2 Market Forecast
7.3 Europe
7.3.1 Market Performance
7.3.2 Market Forecast
7.4 Latin America
7.4.1 Market Performance
7.4.2 Market Forecast
7.5 Middle East and Africa
7.5.1 Market Performance
7.5.2 Market Forecast
8 Global Marine Plywood Industry: SWOT Analysis
8.1 Overview
8.2 Strengths
8.3 Weaknesses
8.4 Opport/unities
8.5 Threats
9 Global Marine Plywood Industry: Value Chain Analysis
9.1 Overview
9.2 Forest Growers
9.3 Sawmills
9.4 Manufacturers
9.5 Distributors
9.6 Exporters
9.7 End-Users
10 Global Marine Plywood Industry: Porter’s Five Forces Analysis
10.1 Overview
10.2 Bargaining Power of Suppliers
10.3 Bargaining Power of Buyers
10.4 Degree of Competition
10.5 Threat of New Entrants
10.6 Threat of Substitutes
11 Global Marine Plywood Industry: Price Analysis
11.1 Key Price Indicators
11.2 Price Structure
11.3 Price Trends
11.4 Margin Analysis
12 Marine Plywood Manufacturing Process
12.1 Product Overview
12.2 Raw Material Requirements
12.3 Detailed Process Flow
12.4 Various Types of unit Operations Involved
13 Competitive Landscape
13.1 Competitive Structure
13.2 Key Players
13.3 Key Player Profiles