Balsa Core Material Market was valued US$ 204.75 Mn in 2019 and is anticipated to reach approximately US$ XX Mn by 2027 at a CAGR of XX% during a forecast of 2019-2027.
The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.
Balsa core offers versatile properties like High strength and stiffness to weight ratios, excellent fire performance, highest shear strength, renewable resource, wide operating temperature, good fatigue resistance, impervious to styrene, moisture resistant acoustic absorption, thermal insulation and highly economical which makes it ideal for use in sectors like Wind Energy, Aerospace, Marine, Transportation, Construction. 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. Rising demand for lightweight materials from various end-use industries such as construction and marine, aerospace is driving the market growth.
Based on product type balsa core material market is segmented into monolayer and multilayer. Multilayer segment is expected to witness high growth rate during the forecast period, owing to higher energy absorption property of multilayer as compared to monolayer materials.
Based on Product balsa core material market is segmented into Wind Energy, Aerospace, Marine, Transportation, Construction, and Others. Wind energy and marine are most rapidly growing because of its cost-effectiveness & environment-friendly nature. Aerospace and construction is about to gain a market.
Based on region balsa core material market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America. Asia-Pacific is expected to increase, owing to stable economic growth, and growth in marine and aerospace industries. Rising demand for light weighing materials in aerospace industries is anticipated to drive the demand for balsa core materials in Asia Pacific.
Keyplayer of the balsa core material includes 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.
The objective of the report is to present comprehensive analysis of Balsa Core Materials Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with analysis of complicated data in simple language. The report covers all the aspects of industry with dedicated study of key players that includes market leaders, followers and new entrants by region. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors by region on the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give clear futuristic view of the industry to the decision makers.
The report also helps in understanding Balsa Core Materials Market dynamics, structure by analyzing the market segments, and project the Balsa Core Materials Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Balsa Core Materials Market make the report investor’s guide.
Balsa Core Materials Market Scope:
Balsa Core Materials Market, by Product Type
• Monolayer
• Multilayer
Balsa Core Materials Market, by Application Type
• Wind Energy
• Aerospace
• Marine
• Transportation
• Construction
• Others
Balsa Core Materials Market, by Region Type
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• Latin America
Key Player Analysed in the Balsa Core Materials Market
• DIAB
• 3A Composites Core Materials
• Bcomp Ltd.
• Carbon-Core Corp.
• CoreLite
• Gurit
• Evonik
• Industries AG
• I-Core Composites
• Nord Compensati
• BONDI
• Airex AG
• Kerfkore Company
• Core Composites
• Duroplastic Technologies
• CoreLite
• Euroresins
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