Market Overview:
The global Balsa Wood for Wind Energy market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for renewable energy sources across the globe. In addition, the growing awareness about climate change and its impact on environment has led to an increase in investments in renewable energy projects. The global Balsa Wood for Wind Energy market is segmented on the basis of type, application and region. On the basis of type, it is divided into A-GRAIN Sheet Balsa, B-GRAIN Sheet Balsa and C-GRAIN Sheet Balsa. On the basis of application, it is classified into land wind turbine and offshore wind turbine. Region wise, it covers North America, Latin America, Europe Asia Pacific and Middle East & Africa (MEA).
Product Definition:
Balsa wood is a soft, lightweight wood that is used to make things such as model airplanes and boats. It is also sometimes used for wind turbines because it is very light and can catch the wind well.
A-GRAIN Sheet Balsa:
A-Grain sheet balsa is a high strength, lightweight wood that has been used in the construction of many famous musical instruments such as guitars and banjos. It is also being studied for use in other applications such as wind energy. A-grain refers to the specific growth pattern of a tree where there are no major or minor axes at right angles to each other (0° angle).
B-GRAIN Sheet Balsa:
B-GRAIN is a sheet made of balsa wood, which has been processed to make it extremely strong and durable. B-GRAIN is used in the construction of energy towers that are used in windmills for generating electricity. The product helps enhance the strength and durability of these structures by providing it with uniform load distribution over its entire surface area.
Application Insights:
In terms of revenue, the land wind turbine application dominated the global market with a share of over 40.0% in 2017. This is attributed to its low cost and availability in most parts of the world coupled with good performance characteristics required for utility-scale power generation. The product has been witnessing increased demand from various manufacturers across the world owing to its properties including high tensile strength, natural anti-corrosion and resistance towards rot & decay which makes it suitable for use in large scale turbines on account of long service life expectancy resulting into higher adoption rate globally.
The offshore wind turbine application segment is expected to witness significant growth over the forecast period owing to increasing deployment rates along with technological advancements & innovations being made by major players across different regions globally coupled with supportive government policies aimed at promoting renewable energy sources such as wood based materials that are environment friendly.
Regional Analysis:
Asia Pacific balsa wood for wind energy market is anticipated to witness significant growth over the forecast period owing to increasing government support and rising awareness among people about the benefits of renewable energy. China was estimated as the largest producer and consumer in 2017, accounting for a share of more than 30%. The country plans to increase its installed capacity from 40 GW by 2020 to 60 GW by 2030.
The European market is expected to grow at a CAGR of XX% over the forecast period on account of growing offshore wind farms in Germany, UK, France and Spain. In 2016, Europe had total installed capacity of 54 GW out of which 24% was accounted from offshore sites. Moreover, technological advancements such as blade design optimization are also expected fuel industry growth over next few years.
North America held a revenue share estimated between 15%and 20%in 2017 owing to early adoptionof balsa wood technology coupled with high demand for green electricity generation sources across U S states such as California.
Growth Factors:
- Increasing demand for renewable energy sources: The increasing demand for renewable energy sources is one of the major growth drivers for the global balsa wood market. Balsa wood is a natural and environment-friendly resource that can be used to produce wind turbines.
- Technological advancements in wind turbine manufacturing: The technological advancements in wind turbine manufacturing are another key factor driving the growth of the global balsa wood market. With technological advancements, manufacturers are able to produce more efficient and advanced wind turbines using balsa wood, which is resulting in an increase in its demand.
- Rising awareness about benefits of using balsa wood: There has been a rise in awareness about the benefits of using balsa wood among consumers across different regions worldwide, which is propelling its demand significantly. Some of the key benefits associated with using this type of wooden material include its lightweight nature, high strength-to-weight ratio, and environmental friendliness.
Scope Of The Report
Report Attributes
Report Details
Report Title
Balsa Wood For Wind Energy Market Research Report
By Type
A-GRAIN Sheet Balsa, B-GRAIN Sheet Balsa, C-GRAIN Sheet Balsa
By Application
Land Wind Turbine, Offshore Wind Turbine
By Companies
3A Composites, Gurit, DIAB, The Gill Corporation, CoreLite, Guangzhou Sinokiko Balsa, Auszac, Bcomp, Carbon-Core Corp, Evonik Industries AG, 3A Composites, Nord Compensati, Allied Forest Products, Lindsay Meyers
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
224
Number of Tables & Figures
157
Customization Available
Yes, the report can be customized as per your need.
Global Balsa Wood For Wind Energy Market Report Segments:
The global Balsa Wood For Wind Energy market is segmented on the basis of:
Types
A-GRAIN Sheet Balsa, B-GRAIN Sheet Balsa, C-GRAIN Sheet Balsa
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
Land Wind Turbine, Offshore Wind Turbine
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:
- 3A Composites
- Gurit
- DIAB
- The Gill Corporation
- CoreLite
- Guangzhou Sinokiko Balsa
- Auszac
- Bcomp
- Carbon-Core Corp
- Evonik Industries AG
- 3A Composites
- Nord Compensati
- Allied Forest Products
- Lindsay Meyers
Highlights of The Balsa Wood For Wind Energy 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:
- A-GRAIN Sheet Balsa
- B-GRAIN Sheet Balsa
- C-GRAIN Sheet Balsa
- By Application:
- Land Wind Turbine
- Offshore Wind Turbine
- 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 Wood For Wind Energy 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
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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 wood is a very strong and lightweight wood that can be used for wind energy. It is a good choice because it is affordable, easy to work with, and has a high strength-to-weight ratio.
Some of the major companies in the balsa wood for wind energy market are 3A Composites, Gurit, DIAB, The Gill Corporation, CoreLite, Guangzhou Sinokiko Balsa, Auszac, Bcomp, Carbon-Core Corp, Evonik Industries AG, 3A Composites, Nord Compensati, Allied Forest Products, Lindsay Meyers.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Balsa Wood For Wind Energy 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 Wood For Wind Energy Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Balsa Wood For Wind Energy 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 Wood For Wind Energy 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 Wood For Wind Energy Market Size & Forecast, 2018-2028
4.5.1 Balsa Wood For Wind Energy Market Size and Y-o-Y Growth
4.5.2 Balsa Wood For Wind Energy Market Absolute $ Opportunity
Chapter 5 Global Balsa Wood For Wind Energy 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 Wood For Wind Energy Market Size Forecast by Type
5.2.1 A-GRAIN Sheet Balsa
5.2.2 B-GRAIN Sheet Balsa
5.2.3 C-GRAIN Sheet Balsa
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Balsa Wood For Wind Energy 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 Wood For Wind Energy Market Size Forecast by Applications
6.2.1 Land Wind Turbine
6.2.2 Offshore Wind Turbine
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Balsa Wood For Wind Energy 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 Wood For Wind Energy 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 Wood For Wind Energy Analysis and Forecast
9.1 Introduction
9.2 North America Balsa Wood For Wind Energy 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 Wood For Wind Energy Market Size Forecast by Type
9.6.1 A-GRAIN Sheet Balsa
9.6.2 B-GRAIN Sheet Balsa
9.6.3 C-GRAIN Sheet Balsa
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 Wood For Wind Energy Market Size Forecast by Applications
9.10.1 Land Wind Turbine
9.10.2 Offshore Wind Turbine
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 Wood For Wind Energy Analysis and Forecast
10.1 Introduction
10.2 Europe Balsa Wood For Wind Energy 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 Wood For Wind Energy Market Size Forecast by Type
10.6.1 A-GRAIN Sheet Balsa
10.6.2 B-GRAIN Sheet Balsa
10.6.3 C-GRAIN Sheet Balsa
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 Wood For Wind Energy Market Size Forecast by Applications
10.10.1 Land Wind Turbine
10.10.2 Offshore Wind Turbine
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 Wood For Wind Energy Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Balsa Wood For Wind Energy 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 Wood For Wind Energy Market Size Forecast by Type
11.6.1 A-GRAIN Sheet Balsa
11.6.2 B-GRAIN Sheet Balsa
11.6.3 C-GRAIN Sheet Balsa
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 Wood For Wind Energy Market Size Forecast by Applications
11.10.1 Land Wind Turbine
11.10.2 Offshore Wind Turbine
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 Wood For Wind Energy Analysis and Forecast
12.1 Introduction
12.2 Latin America Balsa Wood For Wind Energy 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 Wood For Wind Energy Market Size Forecast by Type
12.6.1 A-GRAIN Sheet Balsa
12.6.2 B-GRAIN Sheet Balsa
12.6.3 C-GRAIN Sheet Balsa
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 Wood For Wind Energy Market Size Forecast by Applications
12.10.1 Land Wind Turbine
12.10.2 Offshore Wind Turbine
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 Wood For Wind Energy Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Balsa Wood For Wind Energy 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 Wood For Wind Energy Market Size Forecast by Type
13.6.1 A-GRAIN Sheet Balsa
13.6.2 B-GRAIN Sheet Balsa
13.6.3 C-GRAIN Sheet Balsa
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 Wood For Wind Energy Market Size Forecast by Applications
13.10.1 Land Wind Turbine
13.10.2 Offshore Wind Turbine
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 Wood For Wind Energy Market: Competitive Dashboard
14.2 Global Balsa Wood For Wind Energy Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 3A Composites
14.3.2 Gurit
14.3.3 DIAB
14.3.4 The Gill Corporation
14.3.5 CoreLite
14.3.6 Guangzhou Sinokiko Balsa
14.3.7 Auszac
14.3.8 Bcomp
14.3.9 Carbon-Core Corp
14.3.10 Evonik Industries AG
14.3.11 3A Composites
14.3.12 Nord Compensati
14.3.13 Allied Forest Products
14.3.14 Lindsay Meyers
