Balsa Core Materials Market May See a Big Move by 2025 | DIAB, Schweiter Technologies, BCOMP, Carbon-Core Corp, Gurit Holding, Evonik Industries, I-Core Composites

According to a new report published by Allied Market Research, titled, Balsa Core Materials Market by Type (Monolayer and Multilayer) and Application (Wind Energy, Aerospace, Marine, Transportation, Construction, and Others) - Global Opportunity Analysis and Industry Forecast, 2018-2025. 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. Asia-Pacific dominated the global market, accounting for approximately 40% share in 2017.

Request Sample Report at: https://www.alliedmarketresearch.com/request-sample/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.

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.

Request For Customization: https://www.alliedmarketresearch.com/request-for-customization/2758

Key Findings of the Balsa Core Materials Market:
• In terms of value, the multilayer segment accounted for 66% share of the global market in 2016, and is expected to grow at a CAGR of 5.2% from 2018 to 2025.
• Asia-Pacific is anticipated to witness the highest growth, registering a CAGR of 5.4%, in terms of value.
• China and India are expected to occupy approximately 56% share of the total Asia-Pacific market by 2025.
• India is expected to grow at a CAGR of 6.5%, in terms of value.
• In 2017, Asia-Pacific accounted for the highest share, and is expected to continue its dominance during the forecast period.

In 2017, Europe and Asia-Pacific collectively accounted for more than 67% of the global balsa core materials industry, 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.

Interested in Procuring this Report? visit: https://www.alliedmarketresearch.com/request-sample/2758

Related Reports:
Flexible Honeycomb Core Market
Honeycomb Core Materials Market
Non Honeycomb Sandwich Panel Core Materials Market

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
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
Allied Market Research Blog: https://blog.alliedmarketresearch.com
Follow Us on | Facebook | LinkedIn | YouTube |

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

This release was published on openPR.