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Marine Plywood Global Market Report 2024 by The Business Research Company | UPM Plywood, Potlatch Corporation, Roseburg Forest Products Company, Greenply Industries Ltd., Mampilly Plywood Industries, SVEZA Group, Joubert Plywood Pvt Ltd., Asia Plywood Com
Marine Plywood Market Trends And Strategies
The marine plywood market size is expected to see rapid growth in the next few years. It will grow to $19.46 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to demand for renewable energy, demand for tourism, rising demand for luxury yachts, climate resilience, global shipping and trade. Major trends in the forecast period include eco-friendly materials, innovative plywood technologies, coastal protection, digital transformation, innovative bonding agents.
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Marine Plywood Market Major Segments
The marine plywood market covered in this report is segmented -
1) By Application: Marine Applications, Non-Marine Applications
2) By Marine Applications: Deck, Dock, Boat, Other Marine Applications
Key Driver - Thriving Marine Plywood Market Fueled By High-Speed Luxury Boats And Growing Marine Tourism
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, and seating has also increased. All these factors combined are expected to drive the marine plywood market significantly.
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Prominent Trend - Marine Plywood's Growing Role In Enhancing Roofing And Door Applications
The advancement of marine plywood in rooftops and doors is the key trend being followed by companies in the marine plywood market. Marine plywood performs well in humid and wet conditions which can often result in increasing the durability as well as the structural strength of any construction. This is why the presence of marine plywood in building rooftops and doors in residential spaces is continuously increasing. Marine plywood is characterized by improved structural strength, lightweight nature, enhanced durability, and excellent resistance to warping, bending, and delamination. It is an excellent material to perform amidst humid and wet conditions. It is not treated with chemicals and is composed of several faces and core veneers that further aid in minimizing the gaps between the sheets. As a result, it is commonly utilized for building boats and ships. Apart from this, it can also be employed in the production of outdoor furniture in coastal regions and multiple residential and commercial applications.
Marine Plywood Market Players
Major companies operating in the marine plywood market include UPM Plywood, Potlatch Corporation, Roseburg Forest Products Company, Greenply Industries Ltd., Mampilly Plywood Industries, SVEZA Group, Joubert Plywood Pvt Ltd., Asia Plywood Company Sdn Bhd, Samling Group of Co, Austral Plywoods Pty Ltd., Bahar Orman Urunleri, Van Styn, The Indian Plywood Mfg Co Pvt Ltd., Consmos plywood factory, Bellotti Spa, Anurag Decorative Pvt Ltd., Swanson Group Inc., Wolstenholme International Inc., Georgia-Pacific LLC, Samko Timber Ltd., West Fraser Timber Co. Ltd., Boise Cascade Company, Metsa Group, Weyerhaeuser Company, Century Plyboards Ltd., Jaya Tiasa Holdings Berhad, Mohawk Industries Inc., Plum Creek Timber Company Inc., Murphy Plywood, Coastal Forest Resources Company
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Largest And Fastest Growing Region In The Market
Europe was the largest region in the marine plywood market in 2023. The regions covered in the marine plywood market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Marine Plywood Market Report Structure
3. Marine Plywood Market Trends And Strategies
4. Marine Plywood Market - Macro Economic Scenario
5. Marine Plywood Market Size And Growth
…..
27. Marine Plywood Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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