Global Balsa Core Materials Market 2018-2022

This market research report presents a comprehensive analysis of the global balsa core materials market based on end-user such as wind energy, marine, and others. The report also provides an analysis of the market based on geographic regions such as the APAC, Europe, North America, and ROW.

Overview of the global balsa core materials market

According to Technavio’s market research analysis, the growth and development of the shipping industry will be one of the major factors that will have a positive impact on the global balsa core materials market during the forecast period. As maritime transport is one of the cost-effective way to transport the goods and raw materials around the world, more than 90% of the trading activities are done through the sea contributing a considerable amount to the world’s economy. Also, dry cargo shipments accounted for more than 70% of the total seaborne trade volumes in 2015, while the rest accounted for tanker trades such as crude oil, petroleum products, and gas. The rise in the trade activities through the sea will drive the demand for balsa core materials such as balsa core sheets. This will lead to the growth of the balsa core sheets market. Our market research analysts predict that this market will grow at a CAGR of more than 5% by 2022.  

The rising investments in the defense industry is one of the key trends that will contribute to the market growth in the forthcoming years. Several governments across the world have increased their defense budgets to cater to the security threats. For instance, China raised its military expenditure by more than 7% in 2015 compared with the previous year to control the threat to national security. The rising need for fighter, attack, and bomber aircraft will boost the demand for balsa core composite materials.

Companies covered:

Characterized by the presence of several players, the balsa core materials market appears to be fragmented. This industry research report provides information about the competitive environment among the players in this marketspace and offers an analysis of the key companies and their products. Additionally, our analysts also provide information about the key areas the players are currently focusing on and the strategies they follow to sustain the competition.   

Some of the companies covered in this balsa core materials market are:

• Airex    
• Carbon-Core     
• CoreLite              
• Diab      
• Gurit     
• I-Core Composites          

Segmentation by end-user and analysis of the balsa core materials market

• Wind energy
• Marine

The wind energy segment accounted for the major share of the balsa core materials market during 2017. Our industry expert analysts predict that this end-user segment will also hold the market lead during the forecast period.  

Geographical segmentation and analysis of the balsa core materials market

• APAC
• Europe
• North America
• ROW

This market study estimates that in terms of geographic regions, APAC will be the major revenue contributor to the balsa core materials market throughout the forecast period. This regional segment is expected to increase further during the forecast period.

Key questions answered in the report include

• What will the market size and the growth rate be in 2022?
• What are the key factors driving the global balsa core materials market?
• What are the key market trends impacting the growth of the global balsa core materials market?
• What are the challenges to market growth?
• Who are the key vendors in the global balsa core materials market?
• What are the market opportunities and threats faced by the vendors in the global balsa core materials market?
• Trending factors influencing the market shares of APAC, Europe, North America, and ROW. 
• What are the key outcomes of the five forces analysis of the global balsa core materials market?

Technavio also offers customization on reports based on specific client requirement.