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PUBLISHER: IMARC | PRODUCT CODE: 1521247
PUBLISHER: IMARC | PRODUCT CODE: 1521247
Balsa Core Materials Market Report by Type (Monolayer, Multilayer), Product (Rigid End-Grain, Contoured End-Grain), End Use Industry (Wind Energy, Aerospace, Marine, Transportation, Construction, and Others), and Region 2024-2032
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PAGES: 138 Pages
DELIVERY TIME: 2-3 business days
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The global balsa core materials market size reached US$ 258.8 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 381.7 Million by 2032, exhibiting a growth rate (CAGR) of 4.3% during 2024-2032.
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.
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 report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on type, product and end use industry.
Breakup by Type:
Monolayer
Multilayer
Breakup by Product:
Rigid End-Grain
Contoured End-Grain
Breakup by End Use Industry:
Wind Energy
Aerospace
Marine
Transportation
Construction
Others
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
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.
Key Questions Answered in This Report
- 1. How big is the global balsa core materials market?
- 2. What is the expected growth rate of the global balsa core materials market during 2024-2032?
- 3. What are the key factors driving the global balsa core materials market?
- 4. What has been the impact of COVID-19 on the global balsa core materials market?
- 5. What is the breakup of the global balsa core materials market based on the type?
- 6. What is the breakup of the global balsa core materials market based on the end use industry?
- 7. What are the key regions in the global balsa core materials market?
- 8. Who are the key players/companies in the global balsa core materials market?
Product Code: SR112024A5212
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Balsa Core Materials Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Monolayer
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Multilayer
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by Product
- 7.1 Rigid End-Grain
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Contoured End-Grain
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by End Use Industry
- 8.1 Wind Energy
- 8.1.1 Market Trends
- 8.1.2 Market Forecast
- 8.2 Aerospace
- 8.2.1 Market Trends
- 8.2.2 Market Forecast
- 8.3 Marine
- 8.3.1 Market Trends
- 8.3.2 Market Forecast
- 8.4 Transportation
- 8.4.1 Market Trends
- 8.4.2 Market Forecast
- 8.5 Construction
- 8.5.1 Market Trends
- 8.5.2 Market Forecast
- 8.6 Others
- 8.6.1 Market Trends
- 8.6.2 Market Forecast
9 Market Breakup by Region
- 9.1 North America
- 9.1.1 United States
- 9.1.1.1 Market Trends
- 9.1.1.2 Market Forecast
- 9.1.2 Canada
- 9.1.2.1 Market Trends
- 9.1.2.2 Market Forecast
- 9.1.1 United States
- 9.2 Asia-Pacific
- 9.2.1 China
- 9.2.1.1 Market Trends
- 9.2.1.2 Market Forecast
- 9.2.2 Japan
- 9.2.2.1 Market Trends
- 9.2.2.2 Market Forecast
- 9.2.3 India
- 9.2.3.1 Market Trends
- 9.2.3.2 Market Forecast
- 9.2.4 South Korea
- 9.2.4.1 Market Trends
- 9.2.4.2 Market Forecast
- 9.2.5 Australia
- 9.2.5.1 Market Trends
- 9.2.5.2 Market Forecast
- 9.2.6 Indonesia
- 9.2.6.1 Market Trends
- 9.2.6.2 Market Forecast
- 9.2.7 Others
- 9.2.7.1 Market Trends
- 9.2.7.2 Market Forecast
- 9.2.1 China
- 9.3 Europe
- 9.3.1 Germany
- 9.3.1.1 Market Trends
- 9.3.1.2 Market Forecast
- 9.3.2 France
- 9.3.2.1 Market Trends
- 9.3.2.2 Market Forecast
- 9.3.3 United Kingdom
- 9.3.3.1 Market Trends
- 9.3.3.2 Market Forecast
- 9.3.4 Italy
- 9.3.4.1 Market Trends
- 9.3.4.2 Market Forecast
- 9.3.5 Spain
- 9.3.5.1 Market Trends
- 9.3.5.2 Market Forecast
- 9.3.6 Russia
- 9.3.6.1 Market Trends
- 9.3.6.2 Market Forecast
- 9.3.7 Others
- 9.3.7.1 Market Trends
- 9.3.7.2 Market Forecast
- 9.3.1 Germany
- 9.4 Latin America
- 9.4.1 Brazil
- 9.4.1.1 Market Trends
- 9.4.1.2 Market Forecast
- 9.4.2 Mexico
- 9.4.2.1 Market Trends
- 9.4.2.2 Market Forecast
- 9.4.3 Others
- 9.4.3.1 Market Trends
- 9.4.3.2 Market Forecast
- 9.4.1 Brazil
- 9.5 Middle East and Africa
- 9.5.1 Market Trends
- 9.5.2 Market Breakup by Country
- 9.5.3 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Competition
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
- 14.3.1 3A Composites (Schweiter Technologies)
- 14.3.1.1 Company Overview
- 14.3.1.2 Product Portfolio
- 14.3.2 Bcomp Ltd.
- 14.3.2.1 Company Overview
- 14.3.2.2 Product Portfolio
- 14.3.3 Carbon-Core Corp.
- 14.3.3.1 Company Overview
- 14.3.3.2 Product Portfolio
- 14.3.4 CoreLite Inc.
- 14.3.4.1 Company Overview
- 14.3.4.2 Product Portfolio
- 14.3.5 Diab International AB
- 14.3.5.1 Company Overview
- 14.3.5.2 Product Portfolio
- 14.3.6 Gurit Holding AG
- 14.3.6.1 Company Overview
- 14.3.6.2 Product Portfolio
- 14.3.6.3 Financials
- 14.3.7 I-Core Composites LLC
- 14.3.7.1 Company Overview
- 14.3.7.2 Product Portfolio
- 14.3.8 Nord Compensati srl
- 14.3.8.1 Company Overview
- 14.3.8.2 Product Portfolio
- 14.3.1 3A Composites (Schweiter Technologies)
Product Code: SR112024A5212
List of Figures
- Figure 1: Global: Balsa Core Materials Market: Major Drivers and Challenges
- Figure 2: Global: Balsa Core Materials Market: Sales Value (in Million US$), 2018-2023
- Figure 3: Global: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 4: Global: Balsa Core Materials Market: Breakup by Type (in %), 2023
- Figure 5: Global: Balsa Core Materials Market: Breakup by Product (in %), 2023
- Figure 6: Global: Balsa Core Materials Market: Breakup by End Use Industry (in %), 2023
- Figure 7: Global: Balsa Core Materials Market: Breakup by Region (in %), 2023
- Figure 8: Global: Balsa Core Materials (Monolayer) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 9: Global: Balsa Core Materials (Monolayer) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 10: Global: Balsa Core Materials (Multilayer) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 11: Global: Balsa Core Materials (Multilayer) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 12: Global: Balsa Core Materials (Rigid End-Grain) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 13: Global: Balsa Core Materials (Rigid End-Grain) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 14: Global: Balsa Core Materials (Contoured End-Grain) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 15: Global: Balsa Core Materials (Contoured End-Grain) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 16: Global: Balsa Core Materials (Wind Energy) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 17: Global: Balsa Core Materials (Wind Energy) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 18: Global: Balsa Core Materials (Aerospace) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 19: Global: Balsa Core Materials (Aerospace) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 20: Global: Balsa Core Materials (Marine) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 21: Global: Balsa Core Materials (Marine) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 22: Global: Balsa Core Materials (Transportation) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 23: Global: Balsa Core Materials (Transportation) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 24: Global: Balsa Core Materials (Construction) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 25: Global: Balsa Core Materials (Construction) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 26: Global: Balsa Core Materials (Other End Use Industries) Market: Sales Value (in Million US$), 2018 & 2023
- Figure 27: Global: Balsa Core Materials (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 28: North America: Balsa Core Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 29: North America: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 30: United States: Balsa Core Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 31: United States: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 32: Canada: Balsa Core Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 33: Canada: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 34: Asia-Pacific: Balsa Core Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 35: Asia-Pacific: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 36: China: Balsa Core Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 37: China: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 38: Japan: Balsa Core Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 39: Japan: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 40: India: Balsa Core Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 41: India: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 42: South Korea: Balsa Core Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 43: South Korea: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 44: Australia: Balsa Core Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 45: Australia: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 46: Indonesia: Balsa Core Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 47: Indonesia: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 48: Others: Balsa Core Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 49: Others: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 50: Europe: Balsa Core Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 51: Europe: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 52: Germany: Balsa Core Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 53: Germany: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 54: France: Balsa Core Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 55: France: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 56: United Kingdom: Balsa Core Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 57: United Kingdom: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 58: Italy: Balsa Core Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 59: Italy: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 60: Spain: Balsa Core Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 61: Spain: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 62: Russia: Balsa Core Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 63: Russia: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 64: Others: Balsa Core Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 65: Others: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 66: Latin America: Balsa Core Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 67: Latin America: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 68: Brazil: Balsa Core Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 69: Brazil: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 70: Mexico: Balsa Core Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 71: Mexico: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 72: Others: Balsa Core Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 73: Others: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 74: Middle East and Africa: Balsa Core Materials Market: Sales Value (in Million US$), 2018 & 2023
- Figure 75: Middle East and Africa: Balsa Core Materials Market: Breakup by Country (in %), 2023
- Figure 76: Middle East and Africa: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2024-2032
- Figure 77: Global: Balsa Core Materials Industry: SWOT Analysis
- Figure 78: Global: Balsa Core Materials Industry: Value Chain Analysis
- Figure 79: Global: Balsa Core Materials Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Balsa Core Materials Market: Key Industry Highlights, 2023 and 2032
- Table 2: Global: Balsa Core Materials Market Forecast: Breakup by Type (in Million US$), 2024-2032
- Table 3: Global: Balsa Core Materials Market Forecast: Breakup by Product (in Million US$), 2024-2032
- Table 4: Global: Balsa Core Materials Market Forecast: Breakup by End Use Industry (in Million US$), 2024-2032
- Table 5: Global: Balsa Core Materials Market Forecast: Breakup by Region (in Million US$), 2024-2032
- Table 6: Global: Balsa Core Materials Market: Competitive Structure
- Table 7: Global: Balsa Core Materials Market: Key Players
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