Balsa Core Materials Market Growth 2022, Report, Size, Industry Share, Top Companies Overview, Analysis and Forecast to 2027

Market Overview 2022-2027

The latest research study “Balsa Core materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” by IMARC Group, finds 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.

Covid-19 Impact:

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.

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Industry Definition and Application:

Balsa core materials refer to high-density, organic structural core materials made using kiln-dried balsa wood. They are natural, cost-effective, and lightweight materials produced in various densities, forms, and thicknesses that can be tailored to specific applications. They have a honeycomb-like structure and exhibit superior properties, such as stiffness, rigidity, and compressive, flexural and shear strength. They also have high resistance to temperature changes, fire, moisture, and chemicals and can form an excellent bond with resins and adhesives. As a result, balsa core materials are widely used in manufacturing boats, wind turbine blades, structural composite panels, hovercraft, aircraft, and helicopters.

Global Balsa Core materials Market Trends and Drivers: 

The global balsa core materials market is primarily driven by the growing need for lightweight structural composite materials. In addition, with depleting conventional fuels, such as coal, oil, and gas, and escalating demand for wind energy, there has been a widespread installation of wind turbines. Besides this, the increasing product applications in aircraft construction to reduce its weight and improve tensile strength have augmented the demand for balsa core materials. Furthermore, the shifting preferences from polyethylene terephthalate (PET) and carbon core materials toward balsa core materials due to their superior ecological advantages has accelerated the product adoption rate. Other factors, including the expanding aerospace industry, emerging automotive and construction applications, stringent government regulations, extensive investments in product innovations, and technological advancements, are also anticipated to catalyze the market growth.

Balsa Core materials Market Report Scope
Report Coverage Details
Market size value in 2021 US$ 235.2 Million
Market forecast in 2027 US$ 311.7 Million
Growth Rate CAGR of 4.50% from 2022 to 2027
Base year for estimation 2021
Historical data 2016-2021
Forecast period 2022-2027
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Type, Product, End User Industry and Region
Regional scope North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
Key companies profiled 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.
Market Dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,
Customization preview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Report Segmentation:

The report has been segmented the market into following categories:

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

By Geography:

  • 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

List of Major Key Players:

The major players in the market are 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.

About Us:

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.

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