Global Balsa Core Material Market by type (monolayer and multilayer) by application (wind energy, aerospace, marine, transportation, construction, and others) and by region (North America, Europe, Asia Pacific, Middle East & Africa and Latin America) is anticipated to reach approximately USD 290 Mn by 2026 at a CAGR of about 5 % during a forecast of 2018-2026.
Maritime transport is a cost-effective way to transport goods and raw materials from one place to another. Dry cargo shipments and tanker trades such as crude oil, petroleum products, and gas demands for balsa core materials such as balsa core sheets for packaging and support systems. Rising demand for cost-effective, environment-friendly system and enacted regulations to reduce emission of greenhouse gases has led to employment of balsa core composite materials in various manufacturing process. As balsa trees grow rapidly their core materials are increasingly being used in production of boats, in transportation, wind turbines blades, and structural composite panels.
Wind energy application segment witnesses a promising growth of balsa core material market.
Wind energy sector is the major consumer of balsa core materials in the manufacturing and establishment of the industry. They prefer lightweight materials for better energy production. Balsa core material is helping wind turbine blade designers reduce the cost and weight of bigger blades while giving operations managers improved quality.
Asia-Pacific is expected to increase in forecast.
Rising demand for light weighing materials in aerospace industries is anticipated to drive the demand for balsa core materials in Asia Pacific. Balsa core materials is expected to increase its market in Asia-Pacific, owing to increase in wind turbine installations, stable economic growth, and growth in marine and aerospace industries.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as Evonik Industries AG, I-Core Composites, Nord Compensati, DIAB, Schweiter Technologies, BCOMP LTD., Carbon-Core Corp, Gurit Holding AG, Evonik Industries AG, I-Core Composites, LLC, CoreLite Inc., BONDi (Shandong) Environmental Material Company Limited, and Nord Compensati Spa., DIAB, 3A Composites Core Materials, Bcomp Ltd., Carbon-Core Corp., CoreLite.
Maximize market research, a global market research firm with dedicated team of specialists and data has carried out extensive research about the global balsa core material market. Report encompasses the market by different segments and region, providing the in-depth analysis of overall industry ecosystem, useful for taking informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global Balsa core material market. The driving forces as well as considerable restraints have been explained in depth. In addition to this, competitive landscape describing about the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain global balsa core material market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on https://www.maximizemarketresearch.com/market-report/balsa-core-material-market/13237/
Early buyers will receive 10% customization on reports.
Contact:
MAXIMIZE MARKET RESEARCH PVT. LTD.
Omkar Heights,
Manik Baug, Vadgaon Bk,
Sinhagad Road, Pune – 411051, Maharashtra, India.
+91 96071 95908/ 20 6630 3320