Balsa Core Materials Market Brief Analysis By Top Manufacturers Like DIAB, Schweiter Technologies, BCOMP LTD., Carbon-Core Corp, Gurit Holding AG, Evonik Industries AG, I-Core Composites, LLC, & Nord Compensati Spa

The global balsa core materials market was valued at $199 million in 2017, and is projected to reach $291 million by 2025, growing at a CAGR of 4.8% from 2018 to 2025.

The major driving factor that is responsible for the growth of balsa core material market is upsurge in demand for lightweight materials across several end-use industries. Furthermore, growth of aerospace industry across various regions has fueled the market growth. However, high material cost is expected to hinder the market growth. On the contrary, mergers and acquisitions of balsa core material manufactures and technological advancements are expected to provide lucrative opportunities for the market growth.

Download Report and TOC Sample @ https://www.alliedmarketresearch.com/request-sample/2758

Balsa core is the most commonly used end-grain wood core, which possesses high strength and stiffness to weight ratio. It offers advantages such as superior fire resistance, high sheer strength, wide operating temperature, and enhanced thermal & acoustic insulation. Increase in demand for lightweight materials in a wide range of end-use industries such as marine, aerospace, and construction is expected to fuel the market growth during the forecast period. However, minimum density and ability to absorb large amount of resins during lamination hamper the adoption of global balsa core materials, thereby restraining the market growth.

Balsa core materials are available in two types, monolayer and multilayer. The multilayer segment accounted for a significant share in 2017, and is expected to witness high growth rate during the forecast period, owing to higher energy absorption property of multilayer as compared to monolayer materials.

The wind energy segment accounted for a significant share in 2017, and is anticipated to maintain its dominance during the forecast period, due to rise in adoption of lightweight materials in wind energy applications worldwide.Balsa core is considered as an economical substitute to higher priced foam cores, which is expected to augment the market growth. Moreover, surge in preference for balsa core materials is expected to increase in Asia-Pacific, owing to increase in wind turbine installations.

In 2017, Europe and Asia-Pacific collectively accounted for more than 67% of the global balsa core materials market, in terms of value. The development of the shipping industry is one of the major trends responsible for the growth of the European balsa core material market. Furthermore, increase in trade activities through sea is projected to boost the demand for balsa core materials, thereby driving the growth of the market. Rise in investment in the construction and automotive industries is anticipated to further drive the market growth. Companies such as Schweiter Technologies and BCOMP Ltd. have significantly contributed to the growth of the European balsa core material market. For example, BCOMP Ltd. is involved in the development, manufacturing, and distribution of composite materials produced from natural fibers. In Asia-Pacific, development of the marine and wind power industries drives the growth of the market. Furthermore, upsurge in demand for balsa core materials across various industry verticals such as marine, wind power, construction, automotive, and furnishing boosts the market growth. Major economies, including, India, China, Japan, Korea, and Australia have contributed to the growth of the market.

For More Information @ https://www.alliedmarketresearch.com/purchase-enquiry/2758

The major companies profiled in this report are

• 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.

Table Of Content

Chapter: 1: INTRODUCTION
1.1. Report Description
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. Research Methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

Chapter: 2: EXECUTIVE SUMMARY
2.1. key findings of the study
2.2. CXO perspective

Chapter: 3: MARKET OVERVIEW
3.1. market DEFINITION and scope
3.2. key findings
3.2.1. Top investment pocket
3.2.2. Top Winning Strategies
3.3. PORTER’S FIVE FORCES ANALYSIS
3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Intensity of competitive rivalry
3.4. Market dynamics
3.4.1. Drivers
3.4.1.1. Increase in demand for lightweight materials across several end-use industries
3.4.1.2. Growth in aerospace industry
3.4.2. Restraint
3.4.2.1. Minimum density and ability to absorb large amount of resins during lamination
3.4.3. Opportunity
3.4.3.1. Mergers and acquisitions
3.4.3.2. Technological advancements
3.5. list of balsa core materials users

Access Full Summery @ https://www.alliedmarketresearch.com/press-release/balsa-core-material-market.html

About us

Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

Contact

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1⟨855⟩550-5975
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com

This release was published on openPR.