Global Marine Plywood Market Report 2022 – Market Forecast, Trends And Strategies

21 Sep, 2022

The global marine plywood market size is expected to grow from $9.84 billion in 2021 to $10.69 billion in 2022 at a compound annual growth rate (CAGR) of 8.65%. The global marine plywood market size is expected to reach $15.13 billion in 2026 at a CAGR of 9.09%.

What is the Global Marine Plywood Market?

The marine plywood market consists of sales of marine plywood by entities (organizations, sole traders, and partnerships) that 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 attacks. Marine plywood can be used in environments where it is exposed to moisture for long periods. It is generally used for building boats and ships and other applications where the plywood can get exposed to water.

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What drives the Global Marine Plywood Market?

The growing popularity of high-speed and luxurious recreational boats is the key factor driving the growth of the marine plywood market. The marine tourism sector has grown globally. With anticipated global growth rates of more than 3.5%, coastal and marine tourism is projected to be the largest value-adding segment of the ocean economy by 2030, at 26%. The demand in applications such as stringers, floor, transom and boat cabinetry, walls, seating has also increased. All these factors combined are expected to drive the marine plywood market significantly.

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Global Marine Plywood Market Segments
The global marine plywood market is segmented:
By Application: Marine, Non-Marine
By Marine Applications: Deck, Dock, Boat, Others
By Geography: The regions covered in the marine plywood market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Marine Plywood Global Market Report 2022 provides market size and growth forecasts for the global marine plywood market, global marine plywood market share, marine plywood market segments and geographies, marine plywood market competitive landscape including leading competitors’ revenues, profiles and market shares. The marine plywood market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global Marine Plywood Industry Players include John Deere, CNH, AGCO, CLAAS, Kubota. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.