Market Overview:
The global wood (core materials) 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 wood (core materials) from various end-use industries such as aerospace, automotive, wind energy, marine and construction. In addition, the growing demand for lightweight and high-performance materials is also contributing to the growth of this market. Based on type, the global wood (core materials) market can be segmented into balsa and cedar. Balsa is a light weight yet strong material that finds application in various end-use industries such as aerospace, automotive and wind energy. Cedar is another type of wood that has high strength-to-weight ratio and finds application in construction industry. Regionally, North America dominates the global wood (core materials) market followed by Europe.
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Product Definition:
Wood (Core materials) is a natural resource that is used to make furniture, floors, and other building materials. It is important because it is a renewable resource and it is biodegradable.
Balsa:
Balsa is the generic name for a group of closely related wood-boring insects. The balsas are found in almost all the regions of the world, but only two species occur in significant numbers in North America and Europe - Pterobelaena spinosa and B. edaphica (L.).
Cedar:
Cedar is a aromatic tree that belongs to the genus Cedrela. The generic name Cedrela comes from the Greek word “cedr” which means strength and refers to the strong fragrance of cedars.
Application Insights:
The automotive segment is estimated to witness the highest growth over the forecast period. The increasing demand for wood in this application as it provides excellent thermal insulation and strength to structures, coupled with low maintenance cost and scarcity of substitutes are expected to drive the product demand.
Aerospace was another major application segment that accounted for a significant share in 2015. Wood is used extensively in aircraft construction owing to its superior properties including lightweight, high tensile strength and ability to span great distances without getting damaged or fatigued. In addition, it also has a higher melting point than steel which makes it ideal material for use in aerospace applications where high durability is required from components/structures made out of metal alloys or composite materials.
Regional Analysis:
North America dominated the global wood market in 2017. Increasing construction spending coupled with growing aerospace manufacturing sector is expected to drive the demand for wood in North America over the forecast period. In addition, rising awareness regarding renewable energy sources and their positive impact on environment is expected to propel growth of wind energy production, thereby driving core materials demand over the forecast period.
Asia Pacific is anticipated to witness significant growth owing to increasing construction activities across emerging economies such as China and India owing to rapid urbanization and changing lifestyle of consumers which has led them into opting for luxurious houses with large rooms & attached bathrooms & kitchens; hence requiring high-end furniture etc., thus driving product demand in this application region over the projected period. Moreover, increasing automobile production due to low cost labor along with growing disposable income will boost regional product consumption further in 2018 to 2030.
Growth Factors:
- Increasing demand from construction and furniture industries
- Rising awareness about the benefits of using wood as a core material
- Technological advancements in wood processing that improve its quality and durability
- Growing popularity of wooden flooring and other finished wood products
- Government initiatives to promote the use of wood in construction
Scope Of The Report
Report Attributes
Report Details
Report Title
Wood (Core materials) Market Research Report
By Type
Balsa, Cedar
By Application
Aerospace, Automotive, Wind energy, Marine, Construction, Others
By Companies
Diab Group (Sweden), Hexcel Corporation (US), 3A Composites (Switzerland), Euro-Composites(Luxembourg), Gurit Holding AG (Switzerland), The Gill Corporation (US), Changzhou Tiansheng New Materials (China), Plascore Incorporated (US), Armacell International(Luxembourg), Evonik Industries AG (Germany), Diab Group (Sweden)
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
216
Number of Tables & Figures
152
Customization Available
Yes, the report can be customized as per your need.
Global Wood (Core materials) Market Report Segments:
The global Wood (Core materials) market is segmented on the basis of:
Types
Balsa, Cedar
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
Aerospace, Automotive, Wind energy, Marine, Construction, 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 Group (Sweden)
- Hexcel Corporation (US)
- 3A Composites (Switzerland)
- Euro-Composites(Luxembourg)
- Gurit Holding AG (Switzerland)
- The Gill Corporation (US)
- Changzhou Tiansheng New Materials (China)
- Plascore Incorporated (US)
- Armacell International(Luxembourg)
- Evonik Industries AG (Germany)
- Diab Group (Sweden)
 Market Overview.svg)
Highlights of The Wood (Core materials) 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:
- Balsa
- Cedar
- By Application:
- Aerospace
- Automotive
- Wind energy
- Marine
- Construction
- 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 Wood (Core materials) 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
 Market Statistics.svg)
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?
Wood is a natural material that comes from trees. It can be used to make things like furniture, toys, and other objects.
Some of the major companies in the wood (core materials) market are Diab Group (Sweden), Hexcel Corporation (US), 3A Composites (Switzerland), Euro-Composites(Luxembourg), Gurit Holding AG (Switzerland), The Gill Corporation (US), Changzhou Tiansheng New Materials (China), Plascore Incorporated (US), Armacell International(Luxembourg), Evonik Industries AG (Germany), Diab Group (Sweden).
The wood (core materials) market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wood (Core materials) 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 Wood (Core materials) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wood (Core materials) 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 Wood (Core materials) 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 Wood (Core materials) Market Size & Forecast, 2018-2028
4.5.1 Wood (Core materials) Market Size and Y-o-Y Growth
4.5.2 Wood (Core materials) Market Absolute $ Opportunity
Chapter 5 Global Wood (Core materials) 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 Wood (Core materials) Market Size Forecast by Type
5.2.1 Balsa
5.2.2 Cedar
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Wood (Core materials) 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 Wood (Core materials) Market Size Forecast by Applications
6.2.1 Aerospace
6.2.2 Automotive
6.2.3 Wind energy
6.2.4 Marine
6.2.5 Construction
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wood (Core materials) 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 Wood (Core materials) 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 Wood (Core materials) Analysis and Forecast
9.1 Introduction
9.2 North America Wood (Core materials) 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 Wood (Core materials) Market Size Forecast by Type
9.6.1 Balsa
9.6.2 Cedar
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 Wood (Core materials) Market Size Forecast by Applications
9.10.1 Aerospace
9.10.2 Automotive
9.10.3 Wind energy
9.10.4 Marine
9.10.5 Construction
9.10.6 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 Wood (Core materials) Analysis and Forecast
10.1 Introduction
10.2 Europe Wood (Core materials) 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 Wood (Core materials) Market Size Forecast by Type
10.6.1 Balsa
10.6.2 Cedar
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 Wood (Core materials) Market Size Forecast by Applications
10.10.1 Aerospace
10.10.2 Automotive
10.10.3 Wind energy
10.10.4 Marine
10.10.5 Construction
10.10.6 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 Wood (Core materials) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Wood (Core materials) 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 Wood (Core materials) Market Size Forecast by Type
11.6.1 Balsa
11.6.2 Cedar
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 Wood (Core materials) Market Size Forecast by Applications
11.10.1 Aerospace
11.10.2 Automotive
11.10.3 Wind energy
11.10.4 Marine
11.10.5 Construction
11.10.6 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 Wood (Core materials) Analysis and Forecast
12.1 Introduction
12.2 Latin America Wood (Core materials) 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 Wood (Core materials) Market Size Forecast by Type
12.6.1 Balsa
12.6.2 Cedar
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 Wood (Core materials) Market Size Forecast by Applications
12.10.1 Aerospace
12.10.2 Automotive
12.10.3 Wind energy
12.10.4 Marine
12.10.5 Construction
12.10.6 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) Wood (Core materials) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Wood (Core materials) 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) Wood (Core materials) Market Size Forecast by Type
13.6.1 Balsa
13.6.2 Cedar
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) Wood (Core materials) Market Size Forecast by Applications
13.10.1 Aerospace
13.10.2 Automotive
13.10.3 Wind energy
13.10.4 Marine
13.10.5 Construction
13.10.6 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 Wood (Core materials) Market: Competitive Dashboard
14.2 Global Wood (Core materials) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Diab Group (Sweden)
14.3.2 Hexcel Corporation (US)
14.3.3 3A Composites (Switzerland)
14.3.4 Euro-Composites(Luxembourg)
14.3.5 Gurit Holding AG (Switzerland)
14.3.6 The Gill Corporation (US)
14.3.7 Changzhou Tiansheng New Materials (China)
14.3.8 Plascore Incorporated (US)
14.3.9 Armacell International(Luxembourg)
14.3.10 Evonik Industries AG (Germany)
14.3.11 Diab Group (Sweden)
