The Global Marine Plywood Panels Market size is projected to grow at a CAGR (compound annual growth rate) of 3.2% from 2021-2028. This report provides an overview of the global Marine Plywood Panels market, with detailed information on its regional segmentation as well as analysis by type, application, and region for a seven-year forecast period from 2021-2028. The global marine plywood panel market is expected to reach USD X billion by 2028, according to this latest research study. The industry has been witnessing significant growth due to an increase in demand for luxury yachts around the globe which has led to high demand for marine plywood.
Marine Plywood Panels is a thin sheet of wood. It is used for building marine ships, boats, and other water vehicles. This type of plywood panel is usually made from veneer sheets that are glued together to form the required shape or strength needed. The materials used in making Marine Plywood Panels can vary including softwoods like Pine, Spruce, Fir, and hardwoods like Oak. Marine plywood panels are manufactured using different types of wood. These marine plywood panels have high strength, water resistance, and stiffness properties because of the presence of phenol resin or urea-formaldehyde resins in them. The most common type is a hardwood which offers good mechanical characteristics to the marine plywood panels along with high durability and excellent moisture and water resistance.
On the basis of Type, the global marine plywood panels market is segmented into "<=18 mm, 18mm-25mm, and >25mm.
The marine plywood panels are considered to be of <=18 mm. This is the thickness range under which the marine plywood panel falls. The features of <=18 mm type of marine plywood panels are that they have good resistance to moisture, provide high strength and stiffness as compared with other panel types. They also have excellent stability against impact loads from waves or impacts during transport on the road. It is made up of a thin veneer core above ±0.40mm. The panel is made up of three to five layers of high-quality wood veneer, which is glued together under heat and pressure with the outermost layer being waterproofed by impregnating varnish or resin. It is used for the shipbuilding industry as well as in other marine applications like boats & yachts etc.
The 18mm-25mm type of marine plywood panels is suitable for building offshore structures such as oil rigs. The 18mm-25mm type of marine plywood panels is very popular in the industry due to their application-specific features. The thickness and weight of this particular type are more than that of other types, which makes it costlier but adds durability as well. Also, they feature a water-resistant nature due to their exterior coating protection, making them ideal for marine application.
The >25mm type of marine plywood panels is thicker than the rest and is generally, used for a large application. The >25mm type of marine plywood panels are of a higher thickness and have greater strength. These types of marine plywood panels can be used to produce larger boats that require thicker wood for the large hulls, decking, or even paneling in commercial fishing vessels. >25mm marine plywood panels also have a longer lifespan than the smaller types of marine plywood. Their thick design makes them less susceptible to water damage or warping, which can cause the other thinner panels to become frailer over time.
On the basis of Application, the global marine plywood panels market is segmented into Marine Application and Non-Marine Applications.
The marine plywood panels are used for the construction of various types of boats, ferries, etc. It is an excellent choice as a material to construct various parts such as hulls and decks. In fact, it can be identified that almost 40% percent of all wood consumed by the global shipbuilding industry comes from wooden components. The main reason behind the large consumption is that wooden components are easier to repair and maintain. Moreover, they can be replaced easily as well. The marine plywood panels are used in Non-Marine Applications for the construction of various flat-pack components, decorative lamination, and fixture material. The wood material is also used for the manufacturing of window and door panels.
On the basis of Region, the global marine plywood panels market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The Asia Pacific is the largest market for marine plywood panels followed by Europe. Asia-Pacific is projected to grow at a CAGR of around 12% during the forecast period driven by consumption growth in China, India, and other countries such as Malaysia, South Korea, Japan along with increasing shipbuilding activities across the region are expected to drive demand resulting into Asia-Pacific marine plywood panels market. In North America, the marine plywood panels market is driven by factors such as increasing demand from the shipbuilding industry and growing exports of wood-based products. The market for marine plywood panels in the Middle East & Africa is growing and has immense potential. The region holds an important share of maritime trade, which makes it a promising target for global players. Additionally, the growth in construction activities across GCC countries such as Oman, Qatar, and Saudi Arabia will further boost demand from this region over the forecast time frame.
The growth in this industry can be attributed to factors such as increasing demand from the marine application and growing need for furniture & fixtures particularly in emerging economies across the Asia Pacific region. In addition, rising awareness among end-users regarding the benefits offered by the marine plywood panels such as durability, eco-friendly nature, and ease in installation. Furthermore, the increasing use of wooden furniture in residential and commercial spaces is also supporting the growth of this market to a great extent across the Asia Pacific region.
Up Market Research published a new report titled “Marine Plywood Panels Sales Market research report which is segmented by Types (<6mm, 6mm-18mm, >18mm), By Applications (Marine Application, Non-Marine Application), By Players/Companies 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”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.
Report Attributes | Report Details |
Report Title | Marine Plywood Panels Sales Market Research Report |
By Type | <6mm, 6mm-18mm, >18mm |
By Application | Marine Application, Non-Marine Application |
By Companies | 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 |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 223 |
Number of Tables & Figures | 157 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type <6mm, 6mm-18mm, >18mm and By Application Marine Application, Non-Marine Application.
Some of the companies that are profiled in this report are:
Marine Plywood Panels Sales Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
Key Benefits for Industry Participants & Stakeholders:
Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Marine Plywood Panels Sales Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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