Market Overview:
The global balsa core materials market reached a value of US$ 235.2 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 311.7 Million by 2027 exhibiting a CAGR of 4.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Balsa core material is a honeycomb-like structure derived from balsa wood, which is widely available in various thicknesses, densities, and forms. It is cost-effective and offers several advantages, including high compression, shear strength, and stiffness. As a result, it finds extensive applications in the production of boats, wind turbine blades and structural composite panels. At present, there is an increase in the utilization of balsa core material in the manufacturing of hovercraft, aircraft, and helicopters across the globe.
www.imarcgroup.com
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
Balsa Core Materials Market Trends:
The escalating demand for lightweight materials across the globe represents one of the key factors driving the market. Moreover, there is a rise in the usage of balsa core materials in aircraft construction to reduce weight and achieve high tensile strength. This, along with the burgeoning aerospace industry worldwide, is propelling the growth of the market. In addition, the increasing installation of wind turbines due to the limited availability of conventional fuels, such as oil, gas, and coal, and rising environmental concerns are positively influencing the sales of these materials. Besides this, the growing shipping industry on account of the improving international trade is supporting the transportation of goods and raw materials around the world, which is positively influencing the market. Additionally, governments of several countries are extensively investing in the defense industry to enhance national security, which is offering lucrative growth opportunities to investors. Apart from this, the ecological benefits of balsa core materials compared to polyethylene terephthalate (PET) and carbon core materials are stimulating the market growth. Furthermore, key market players are focusing on mergers and acquisitions (M&A), product launches, and expansions to strengthen their overall market share.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global balsa core materials market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on type, product and end use industry.
Breakup by Type:
Breakup by Product:
www.imarcgroup.com
Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.
- Rigid End-Grain
- Contoured End-Grain
Breakup by End Use Industry:
- Wind Energy
- Aerospace
- Marine
- Transportation
- Construction
- Others
Breakup by Region:
To get more information on the regional analysis of this market, Request Sample
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3A Composites (Schweiter Technologies), Bcomp Ltd., Carbon-Core Corp., CoreLite Inc., Diab International AB, Gurit Holding AG, I-Core Composites LLC and Nord Compensati srl.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2021 |
Historical Period |
2016-2021 |
Forecast Period |
2022-2027 |
Units |
US$ Million |
Segment Coverage |
Type, Product, End Use Industry, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
3A Composites (Schweiter Technologies), Bcomp Ltd., Carbon-Core Corp., CoreLite Inc., Diab International AB, Gurit Holding AG, I-Core Composites LLC and Nord Compensati srl. |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global balsa core materials market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global balsa core materials market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global balsa core materials market and who are the key players?
- What is the degree of competition in the industry?