According to a new market report published by Lucintel, the future of the balsa core market looks promising with opportunities in wind energy and marine end use. The global balsa core market is expected to reach an estimated $602.3 million by 2027 with a CAGR of 8.0% from 2021 to 2027.
Browse 98 market data tables and 124 figures spread through 205 pages and in-depth TOC on “Global Balsa Core Market"
The major drivers for this market are increasing use in production of boats, in transportation, wind turbines blades, and structural composite panels.
Within the global balsa core market, wind energy will remain the largest end use by value and also witness the highest growth due to increase in the diameter of rotors is driving the demand for balsa core materials in this industry.
APAC is expected to remain the largest market for balsa core due to rising demand from electronics and defense industries and due to the anticipated growth in the end usees and increasing focus on high performance balsa core. North America is expected to witness the highest growth rate during the forecast period.
Emerging trends, which have a direct impact on the dynamics of the industry, includes introduction of hybrid system, replacement of conventional metal structures with composites, and introduction of recyclable balsa core. DIAB, Gurit, 3A Composites, Gurit, Armacell, SABIC, and Solvay are among the major balsa core manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global balsa core market by end use and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Balsa Core Market 2022-2027: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global balsa core market by end use and region as follows:
By End Use [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
•Marine
•Wind
•Others
By Region [Value ($M) and Volume (M lbs) shipment analysis for 2016 – 2027]:
•North America
•Europe
•Asia Pacific
•The Rest of the World
This 205-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/balsa-core-market.aspx or write us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high growth opportunities for the global balsa core market by end use (wind, marine, and others) and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are the changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?