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.
Balsa core materials represent the honeycomb-like structures derived from balsa wood that are commonly available in varying densities and forms. They offer several advantages, such as cost-effectiveness, high shear strength, compression, stiffness, etc. As a result, balsa core materials are extensively utilized in the production of wind turbine blades, boats, structural composite panels, etc. Furthermore, they find wide-ranging applications across numerous sectors, including transportation, aerospace, construction, wind energy, marine, etc.
|Base Year: 2021|
|Forecast Year: 2022-2027|
Balsa Core Materials Market Trends and Drivers:
The increasing need for wind turbines, on account of the limited availability of conventional fuels, such as gas, oil, coal, etc., and the growing environmental concerns among individuals are primarily driving the balsa core materials market.
Request Free Sample Report: https://www.imarcgroup.com/balsa-core-materials-market/requestsample
Additionally, the widespread product adoption in the manufacturing of aircraft, hovercraft, helicopters, etc., to reduce their weight and achieve high tensile strength is further catalyzing the market growth. Besides this, the shifting consumer preferences from polyethylene terephthalate (PET) and carbon core materials towards balsa core materials that offer various ecological benefits are acting as significant growth-inducing factors.
Moreover, significant improvements in international trade and supply chain infrastructures are catering to the expanding transportation of goods and raw materials, which, in turn, is also augmenting the global market.
Apart from this, the rising investments in R&D activities aimed at enhancing national security are anticipated to fuel the balsa core materials market over the forecasted period.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Balsa Core Materials Market 2022-2027 Analysis and Segmentation:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
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.
The report has segmented the market on the basis of region, type, product and end use industry.
Breakup by Type:
Breakup by Product:
- Rigid End-Grain
- Contoured End-Grain
Breakup by End Use Industry:
- Wind Energy
Breakup by Region:
- North America: (United States, Canada)
- Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America: (Brazil, Mexico, Others)
- Middle East and Africa
Ask Analyst for Customization and Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/balsa-core-materials-market
If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.
- Market Performance (2016-2021)
- Market Outlook (2022- 2027)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
IMARC Services Private Limited.
30 N Gould St Ste R
Sheridan, WY 82801 USA – Wyoming
Email: [email protected]
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800