Market Overview:
The global Balsa Core Core Composites market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for renewable energy, marine, building & construction, automotive, rail and aerospace applications. In terms of type, the 6mm segment is expected to hold the largest share of the market during the forecast period.
Product Definition:
Balsa core composites are a type of composite material made from thin sheets of balsa wood bonded together with an adhesive. Balsa is used because it is light and strong, making it an ideal material for use in lightweight composite structures.
6mm:
6mm is a standard core size for Balsa wood. It's mainly used in making of musical instruments such as guitars and banjos, but also finds application in some sports equipment like baseball bats and golf clubs. 6mm cores are relatively stiffer than 5/8ths inch (16 mm) ones due to the presence of more rays per unit length which gives it an advantage to handle high energy impacts during accidents or duels with rival players.
8mm:
8mm is a standard film gauge used for making lightweight and thin-walled composite parts. It is also used to produce carbon fiber reinforced plastic (CFRP) parts, which are commonly known as aramid fibers. 8mm can be used with any resin or paint; however, it works best with epoxy resins due to their high strength and durability. The most common types of 8mm products include layup/paint grade and prepreg/mesh grade.
Application Insights:
The manufacturing industry was the largest application segment in 2016 and is expected to continue its dominance over the forecast period. The product has a wide range of applications in this industry, including machine parts, furniture, decorative items and other small mechanical appliances. Growing industrialization in emerging economies such as India and China is anticipated to fuel the demand for balsa core composites over the forecast period.
Balsa wood-based products are widely used for making lightweight components that are required for aircraft interiors owing to their excellent thermal insulation properties. These lightweight materials also reduce aerodynamic drag resulting in improved fuel efficiency of an aircraft which is likely to propel market growth over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing regional market over the forecast period. The growth can be attributed to increasing investments in infrastructure development and manufacturing facilities by various companies. For instance, in November 2017, China Railway Construction Group announced its plan to invest USD X trillion from 2018 to 2022 for upgrading or construction of railway networks across the country. Similarly, India’s Ministry of New and Renewable Energy has set a target of achieving 40 GW electricity generation from biomass by 2020 at a cost competitive rate. Such initiatives are anticipated to boost product demand over the next eight years in Asia Pacific region.
Europe was estimated as the second-largest regional market with a share of 24% owing to high demand for balsa core composites due their use in aerospace applications including aircraft interior panels and airframe components among others which have witnessed significant growth on account of rising passenger traffic and low fares offered by airlines operating out of European airports such as Heathrow Airport London (UK).
Growth Factors:
- Increasing demand for lightweight and high-performance materials in the aerospace and defense industries
- Growing popularity of balsa wood in the construction industry as a sustainable building material
- Rising demand for balsa core composites from wind energy sector due to its superior strength-to-weight ratio
- Increasing use of balsa core composites in marine applications due to its resistance to water absorption and corrosion
- Growing demand for eco-friendly materials across different end-use industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Balsa Core Core Composites Market Research Report
By Type
6mm, 8mm, 10mm, 10mm-20mm
By Application
Renewable Energy, Marine, Building & Construction, Automotive, Rail, Aerospace, Manufacturing Industry, Others
By Companies
Diab, 3A Composite, Gurit, I-Core Composite
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Balsa Core Core Composites Market Report Segments:
The global Balsa Core Core Composites market is segmented on the basis of:
Types
6mm, 8mm, 10mm, 10mm-20mm
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Renewable Energy, Marine, Building & Construction, Automotive, Rail, Aerospace, Manufacturing Industry, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Diab
- 3A Composite
- Gurit
- I-Core Composite
Highlights of The Balsa Core Core Composites Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 6mm
- 8mm
- 10mm
- 10mm-20mm
- By Application:
- Renewable Energy
- Marine
- Building & Construction
- Automotive
- Rail
- Aerospace
- Manufacturing Industry
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Balsa Core Core Composites Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Balsa Core is a lightweight composite material made from bamboo and plastic. It is often used in aircraft and automotive applications because of its low weight, strength, and durability.
Some of the major players in the balsa core core composites market are Diab, 3A Composite, Gurit, I-Core Composite.
The balsa core core composites market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Balsa Core Core Composites Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Balsa Core Core Composites Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Balsa Core Core Composites Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Balsa Core Core Composites Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Balsa Core Core Composites Market Size & Forecast, 2018-2028
4.5.1 Balsa Core Core Composites Market Size and Y-o-Y Growth
4.5.2 Balsa Core Core Composites Market Absolute $ Opportunity
Chapter 5 Global Balsa Core Core Composites Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Balsa Core Core Composites Market Size Forecast by Type
5.2.1 6mm
5.2.2 8mm
5.2.3 10mm
5.2.4 10mm-20mm
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Balsa Core Core Composites Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Balsa Core Core Composites Market Size Forecast by Applications
6.2.1 Renewable Energy
6.2.2 Marine
6.2.3 Building & Construction
6.2.4 Automotive
6.2.5 Rail
6.2.6 Aerospace
6.2.7 Manufacturing Industry
6.2.8 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Balsa Core Core Composites Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Balsa Core Core Composites Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Balsa Core Core Composites Analysis and Forecast
9.1 Introduction
9.2 North America Balsa Core Core Composites Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Balsa Core Core Composites Market Size Forecast by Type
9.6.1 6mm
9.6.2 8mm
9.6.3 10mm
9.6.4 10mm-20mm
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Balsa Core Core Composites Market Size Forecast by Applications
9.10.1 Renewable Energy
9.10.2 Marine
9.10.3 Building & Construction
9.10.4 Automotive
9.10.5 Rail
9.10.6 Aerospace
9.10.7 Manufacturing Industry
9.10.8 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Balsa Core Core Composites Analysis and Forecast
10.1 Introduction
10.2 Europe Balsa Core Core Composites Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Balsa Core Core Composites Market Size Forecast by Type
10.6.1 6mm
10.6.2 8mm
10.6.3 10mm
10.6.4 10mm-20mm
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Balsa Core Core Composites Market Size Forecast by Applications
10.10.1 Renewable Energy
10.10.2 Marine
10.10.3 Building & Construction
10.10.4 Automotive
10.10.5 Rail
10.10.6 Aerospace
10.10.7 Manufacturing Industry
10.10.8 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Balsa Core Core Composites Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Balsa Core Core Composites Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Balsa Core Core Composites Market Size Forecast by Type
11.6.1 6mm
11.6.2 8mm
11.6.3 10mm
11.6.4 10mm-20mm
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Balsa Core Core Composites Market Size Forecast by Applications
11.10.1 Renewable Energy
11.10.2 Marine
11.10.3 Building & Construction
11.10.4 Automotive
11.10.5 Rail
11.10.6 Aerospace
11.10.7 Manufacturing Industry
11.10.8 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Balsa Core Core Composites Analysis and Forecast
12.1 Introduction
12.2 Latin America Balsa Core Core Composites Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Balsa Core Core Composites Market Size Forecast by Type
12.6.1 6mm
12.6.2 8mm
12.6.3 10mm
12.6.4 10mm-20mm
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Balsa Core Core Composites Market Size Forecast by Applications
12.10.1 Renewable Energy
12.10.2 Marine
12.10.3 Building & Construction
12.10.4 Automotive
12.10.5 Rail
12.10.6 Aerospace
12.10.7 Manufacturing Industry
12.10.8 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Balsa Core Core Composites Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Balsa Core Core Composites Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Balsa Core Core Composites Market Size Forecast by Type
13.6.1 6mm
13.6.2 8mm
13.6.3 10mm
13.6.4 10mm-20mm
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Balsa Core Core Composites Market Size Forecast by Applications
13.10.1 Renewable Energy
13.10.2 Marine
13.10.3 Building & Construction
13.10.4 Automotive
13.10.5 Rail
13.10.6 Aerospace
13.10.7 Manufacturing Industry
13.10.8 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Balsa Core Core Composites Market: Competitive Dashboard
14.2 Global Balsa Core Core Composites Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Diab
14.3.2 3A Composite
14.3.3 Gurit
14.3.4 I-Core Composite
