Global Balsa Core Materials Market Size study, by Type, by Product, by End Use Industry and Regional Forecasts 2022-2032

PUBLISHED: July 23, 2024

PAGES: 200 Pages

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Description

Global Balsa Core Materials Market is valued approximately at USD 258.8 Million in 2023 and is anticipated to grow with a healthy growth rate of more than 4.3% over the forecast period 2024-2032. Balsa core material is a honeycomb-like structure derived from balsa wood, known for its cost-effectiveness and offering high compression, shear strength, and stiffness. Its widespread application in boats, wind turbine blades, and structural composite panels is augmented by its increasing utilization in manufacturing hovercraft, aircraft, and helicopters.

The escalating demand for lightweight materials globally, particularly in aircraft construction to reduce weight and achieve high tensile strength, is one of the key factors driving the market. The burgeoning aerospace industry, along with the rising installation of wind turbines due to limited availability of conventional fuels like oil, gas, and coal, coupled with growing environmental concerns, are positively influencing sales. The shipping industry's growth, fueled by improving international trade, and significant government investments in the defense sector to enhance national security, are also bolstering market expansion. Additionally, the ecological benefits of balsa core materials compared to alternatives like PET and carbon core materials are stimulating market growth. Key players are focusing on mergers, acquisitions, product launches, and expansions to strengthen their market share. However, environmental concerns and high cost of implications are hindering the market growth.

The key regions considered for the Global Balsa Core Materials Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is anticipated to dominate the market due to the presence of leading aerospace manufacturers and substantial investments in defense and wind energy sectors. Asia Pacific is expected to witness the highest growth rate owing to the rapidly expanding aerospace and renewable energy industries, particularly in China and India.

Major market player included in this report are:

3A Composites (Schweiter Technologies)
Bcomp Ltd.
Carbon-Core Corp.
CoreLite Inc.
Diab International AB
Gurit Holding AG
I-Core Composites LLC
Nord Compensati srl
Bondi (Shandong) Environmental Material Co. Ltd.
Evonik Industries AG
Airex
Hexcel Corporation
Schweiter Technologies AG
The Gill Corporation
Arris Composites

The detailed segments and sub-segment of the market are explained below:

By Type

Monolayer
Multilayer

By Product

Rigid End-Grain
Contoured End-Grain

By End Use Industry

Wind Energy
Aerospace
Marine
Transportation
Construction
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with Country level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Balsa Core Materials Market Executive Summary

1.1. Global Balsa Core Materials Market Size & Forecast (2022- 2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Type
- 1.3.2. By Product
- 1.3.3. By End Use Industry
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Balsa Core Materials Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Balsa Core Materials Market Dynamics

3.1. Market Drivers
- 3.1.1. Escalating demand for lightweight materials
- 3.1.2. Increased usage in aircraft construction
- 3.1.3. Installation of wind turbines
3.2. Market Challenges
- 3.2.1. Environmental concerns
- 3.2.2. Cost implications
3.3. Market Opportunities
- 3.3.1. Investments in defense
- 3.3.2. Ecological benefits

Chapter 4. Global Balsa Core Materials Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top investment opportunity
4.4. Top winning strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Balsa Core Materials Market Size & Forecasts by Type 2022-2032

5.1. Segment Dashboard
5.2. Global Balsa Core Materials Market: Type Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 5.2.1. Monolayer
- 5.2.2. Multilayer

Chapter 6. Global Balsa Core Materials Market Size & Forecasts by Product 2022-2032

6.1. Segment Dashboard
6.2. Global Balsa Core Materials Market: Product Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 6.2.1. Rigid End-Grain
- 6.2.2. Contoured End-Grain

Chapter 7. Global Balsa Core Materials Market Size & Forecasts by End Use Industry 2022-2032

7.1. Segment Dashboard
7.2. Global Balsa Core Materials Market: End Use Industry Revenue Trend Analysis, 2022 & 2032 (USD Million)
- 7.2.1. Wind Energy
- 7.2.2. Aerospace
- 7.2.3. Marine
- 7.2.4. Transportation
- 7.2.5. Construction
- 7.2.6. Others

Chapter 8. Global Balsa Core Materials Market Size & Forecasts by Region 2022-2032

8.1. North America Balsa Core Materials Market
- 8.1.1. U.S. Balsa Core Materials Market
  - 8.1.1.1. Type breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Product breakdown size & forecasts, 2022-2032
  - 8.1.1.3. End Use Industry breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Balsa Core Materials Market
  - 8.1.2.1. Type breakdown size & forecasts, 2022-2032
  - 8.1.2.2. Product breakdown size & forecasts, 2022-2032
  - 8.1.2.3. End Use Industry breakdown size & forecasts, 2022-2032
8.2. Europe Balsa Core Materials Market
- 8.2.1. Germany Balsa Core Materials Market
- 8.2.2. France Balsa Core Materials Market
- 8.2.3. U.K. Balsa Core Materials Market
- 8.2.4. Italy Balsa Core Materials Market
- 8.2.5. Spain Balsa Core Materials Market
- 8.2.6. Russia Balsa Core Materials Market
- 8.2.7. Rest of Europe Balsa Core Materials Market
8.3. Asia-Pacific Balsa Core Materials Market
- 8.3.1. China Balsa Core Materials Market
- 8.3.2. India Balsa Core Materials Market
- 8.3.3. Japan Balsa Core Materials Market
- 8.3.4. Australia Balsa Core Materials Market
- 8.3.5. South Korea Balsa Core Materials Market
- 8.3.6. Rest of Asia Pacific Balsa Core Materials Market
8.4. Latin America Balsa Core Materials Market
- 8.4.1. Brazil Balsa Core Materials Market
- 8.4.2. Mexico Balsa Core Materials Market
- 8.4.3. Rest of Latin America Balsa Core Materials Market
8.5. Middle East & Africa Balsa Core Materials Market
- 8.5.1. Saudi Arabia Balsa Core Materials Market
- 8.5.2. South Africa Balsa Core Materials Market
- 8.5.3. Rest of Middle East & Africa Balsa Core Materials Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. 3A Composites (Schweiter Technologies)
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Bcomp Ltd.
- 9.3.3. Carbon-Core Corp.
- 9.3.4. CoreLite Inc.
- 9.3.5. Diab International AB
- 9.3.6. Gurit Holding AG
- 9.3.7. I-Core Composites LLC
- 9.3.8. Nord Compensati srl
- 9.3.9. Bondi (Shandong) Environmental Material Co. Ltd.
- 9.3.10. Evonik Industries AG
- 9.3.11. Airex
- 9.3.12. Hexcel Corporation
- 9.3.13. Schweiter Technologies AG
- 9.3.14. The Gill Corporation
- 9.3.15. Arris Composites

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes