A recent report published by Infinium Global Research on balsa
core materials market provides an in-depth analysis of segments and sub-segments
in the global as well as regional balsa core materials market. The study also
highlights the impact of drivers, restraints, and macro indicators on the
global and regional balsa core materials market over the short term as well as
long term. The report is a comprehensive presentation of trends, forecast and
dollar values of global balsa core materials market. According to the report,
the global balsa core materials market is projected to grow at a CAGR of 5.2%
over the forecast period of 2019-2025.
Balsa core materials is a structural core material made of a
natural, renewable resource called balsa wood. Balsa is not affected by styrene
or long resin gel times making it well suited for infusion applications. Balsa
trees grow rapidly, and their core materials are used in wind turbines blades,
production of boats, and in transportation. It is compatible with all types of
manufacturing processes from wet lamination to prepreg construction. It is
cost-effective and is available in a wide range of thickness, density, and
form.
The growing use of core materials in numerous industries due to
its advantages such as stiffness and lightweight nature is primarily driving
the growth of the balsa core materials market. In addition, it is a
cost-effective material and is increasingly being used in the wind turbines
blades, production of boats, aircraft panels, in transportation, and in
structural composite panels. The use of balsa core materials enables designers
to work with sandwich construction and design, combining the attributes of a
resin or fiber laminate on a large structure. The growing demand for a
cost-effective and sustainable supply of energy across the world has increased
the use of wind energy applications. These wind turbines use balsa core
materials due to its high compressive and tensile strength combined with a low
density and the potential delivery from renewable resources. Furthermore, the
expansion of the automotive and aerospace and defense industries are favoring
the growth of the market. However, the high cost for balsa core materials is
likely to obstruct the growth of the market in several developing countries.
Moreover, increasing investigations on the properties of balsa core materials
are projected to increase its applications across several end-use industries,
thereby creating opportunities for the market players.
Among the regions, Asia Pacific is anticipated to hold the largest
share in the balsa core materials market. Asia Pacific region is expected to
continue its dominance over the forecast period owing to growing end-user
industries such as automotive, construction, and aerospace across the region.
Furthermore, the market in this region is projected to experience huge gains
due to increased investments in wind energy projects and aircraft industry.
North America is expected to hold the second-largest share owing to the
well-developed aerospace and defense sector in this region. Additionally, The U.S. is one of the largest and strongest military bases in the world. The high
demand for cost-effective and high strength materials for military applications
also drivers the growth of the balsa core materials market in the North America
region.
The report on global balsa core materials market covers segments
such as type and application. On the basis of type, the sub-markets include Monolayer
and Multilayer. On the basis of application, the sub-markets include wind
energy, aerospace, marine, transportation, construction and several others.
The report provides profiles of the companies in the market such
as Diab International AB, Schweiter Technologies AG, Gurit Holding AG, Evonik
Industries AG, Bcomp Ltd., Carbon-Core Corporation, I-Core Composites, LLC,
CoreLite Inc., Bondi (Shandong) Environmental Material Co., Ltd., and Nord
Compensati SpA.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of balsa core materials market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.