The global Marine Plywood Panels market was valued at US$ 701 million in 2019 and it is expected to reach US$ 711 million by the end of 2026, growing at a CAGR of 0.2% during 2021-2026.
Marine plywood is manufactured from durable face and core veneers, with few defects so it performs longer in both humid and wet conditions and resists delaminating and fungal attack. Its construction is such that it can be used in environments where it is exposed to moisture for long periods. Each wood veneer will be from tropical hardwoods, have negligible core gap, limiting the chance of trapping water in the plywood and hence providing a solid and stable glue bond. It uses an exterior Water and Boil Proof (WBP) glue similar to most exterior plywood.
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 this plywood were confined to the marine industry. However, with increasing technological advancements, they are now also being used in several residential and commercial purposes.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. Additionally, the growing popularity of marine plywood in other applications like building rooftops and doors in residential spaces is expected to further fuel its demand.
Global Marine Plywood Panels Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Marine Plywood Panels Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are UPM Plywood, Potlatch Corporation, Sveza, Roseburg, Greenply Industries, Mampilly Plywood Industries, Jisheng Tocho, Joubert Plywood, Asia Plywood Company, Samling, Austral Plywoods, Bahar Timber, Van Styn, Anchor Marine Plywood, TaiNuo Plywoods, Consmos and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Segment by Type
Segment by Application
- Marine Application
- Non-Marine Application
In Marine Plywood Panels market, Marine Application segment holds an important share in terms of application, and it is expected to reach a volume of 524.36 (K Cubic Meters) by 2025, at a CAGR of 0.59% during 2018 and 2025. It means that Marine Plywood Panels will be promising in the Marine field in the next couple of years.
Table of Content:
1 Marine Plywood Panels Market Overview
2 Marine Plywood Panels Market Competition by Manufacturers
3 Marine Plywood Panels Retrospective Market Scenario by Region
4 Global Marine Plywood Panels Historic Market Analysis by Type
5 Global Marine Plywood Panels Historic Market Analysis by Application
6 Key Companies Profiled
7 Marine Plywood Panels Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Marine Plywood Panels Market Dynamics
10 Global Marine Plywood Panels Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta