According to the latest report by IMARC Group, titled “Marine Plywood Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the global marine plywood market size reached US$ 9.1 Billion in 2020. Marine plywood refers to good-quality plywood that is manufactured by using waterproof glue. It 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 aids in minimizing the gaps between the sheets.