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Balsa Core Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 143 Pages
  • June 2023
  • Region: Global
  • IMARC Group
  • ID: 5562630
Description Jump to:
The global balsa core materials market size reached US$ 246.7 Million in 2022. Looking forward, the publisher expects the market to reach US$ 315.8 Million by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.

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:

The publisher 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 2023-2028. 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:

  • 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?

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
9.2 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
9.3 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
9.4 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
9.5 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
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$), 2017-2022
Figure 3: Global: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 4: Global: Balsa Core Materials Market: Breakup by Type (in %), 2022
Figure 5: Global: Balsa Core Materials Market: Breakup by Product (in %), 2022
Figure 6: Global: Balsa Core Materials Market: Breakup by End Use Industry (in %), 2022
Figure 7: Global: Balsa Core Materials Market: Breakup by Region (in %), 2022
Figure 8: Global: Balsa Core Materials (Monolayer) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Balsa Core Materials (Monolayer) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Balsa Core Materials (Multilayer) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Balsa Core Materials (Multilayer) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Balsa Core Materials (Rigid End-Grain) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Balsa Core Materials (Rigid End-Grain) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Balsa Core Materials (Contoured End-Grain) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Balsa Core Materials (Contoured End-Grain) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Balsa Core Materials (Wind Energy) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Balsa Core Materials (Wind Energy) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Balsa Core Materials (Aerospace) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Balsa Core Materials (Aerospace) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Balsa Core Materials (Marine) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Balsa Core Materials (Marine) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Balsa Core Materials (Transportation) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Balsa Core Materials (Transportation) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Balsa Core Materials (Construction) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Balsa Core Materials (Construction) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Balsa Core Materials (Other End Use Industries) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Balsa Core Materials (Other End Use Industries) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: North America: Balsa Core Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: North America: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: United States: Balsa Core Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: United States: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Canada: Balsa Core Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Canada: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Asia-Pacific: Balsa Core Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Asia-Pacific: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: China: Balsa Core Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: China: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: Japan: Balsa Core Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: Japan: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: India: Balsa Core Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: India: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: South Korea: Balsa Core Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: South Korea: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: Australia: Balsa Core Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Australia: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Indonesia: Balsa Core Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Indonesia: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Others: Balsa Core Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Others: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Europe: Balsa Core Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Europe: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Germany: Balsa Core Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Germany: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: France: Balsa Core Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: France: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: United Kingdom: Balsa Core Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: United Kingdom: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Italy: Balsa Core Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Italy: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Spain: Balsa Core Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Spain: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Russia: Balsa Core Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Russia: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Others: Balsa Core Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Others: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Latin America: Balsa Core Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Latin America: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Brazil: Balsa Core Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Brazil: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Mexico: Balsa Core Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Mexico: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Others: Balsa Core Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Others: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Middle East and Africa: Balsa Core Materials Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Middle East and Africa: Balsa Core Materials Market: Breakup by Country (in %), 2022
Figure 76: Middle East and Africa: Balsa Core Materials Market Forecast: Sales Value (in Million US$), 2023-2028
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, 2022 and 2028
Table 2: Global: Balsa Core Materials Market Forecast: Breakup by Type (in Million US$), 2023-2028
Table 3: Global: Balsa Core Materials Market Forecast: Breakup by Product (in Million US$), 2023-2028
Table 4: Global: Balsa Core Materials Market Forecast: Breakup by End Use Industry (in Million US$), 2023-2028
Table 5: Global: Balsa Core Materials Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Balsa Core Materials Market: Competitive Structure
Table 7: Global: Balsa Core Materials Market: Key Players

Companies Mentioned

  • 3A Composites (Schweiter Technologies)
  • Bcomp Ltd.
  • Carbon-Core Corp.
  • CoreLite Inc.
  • Diab International AB
  • Gurit Holding AG
  • I-Core Composites LLC
  • Nord Compensati srl.

Methodology

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Table Information

Report AttributeDetails
No. of Pages143
PublishedJune 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 246.7 Million
Forecasted Market Value ( USD ) by 2028 $ 315.8 Million
Compound Annual Growth Rate4.2%
Regions CoveredGlobal
No. of Companies Mentioned8

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