Product Code: IRTNTR75253
The balsa core materials market is forecasted to grow by USD 86.7 mn during 2023-2028, accelerating at a CAGR of 6.4% during the forecast period. The report on the balsa core materials market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growth of shipbuilding industry, increasing demand for balsa wood sheets from end-user industries, and advantages of balsa core materials.
Technavio's balsa core materials market is segmented as below:
Market Scope |
Base Year | 2024 |
End Year | 2028 |
Series Year | 2024-2028 |
Growth Momentum | Accelerate |
YOY 2024 | 5.62% |
CAGR | 6.4% |
Incremental Value | $86.7 mn |
By Type
By End-user
- Wind energy
- Aerospace
- Marine
- Others
By Geographical Landscape
- APAC
- Europe
- North America
- South America
- Middle East and Africa
This study identifies the rising number of offshore wind farm installations as one of the prime reasons driving the balsa core materials market growth during the next few years. Also, application of balsa core materials in sandwich structure construction and expansion of manufacturing capacities by vendors will lead to sizable demand in the market.
The report on the balsa core materials market covers the following areas:
- Balsa core materials market sizing
- Balsa core materials market forecast
- Balsa core materials market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading balsa core materials market vendors that include Adhesive Technologies NZ Ltd., Allred and Associates Inc., Bodotex AS, Carbon Core Corp., Composite Envisions LLC, CoreLite, Diab Group, Gurit Holding AG, I Core Composites LLC, LBI Inc., Nord Compensati Srl, Schweiter Technologies AG, Sicomin Epoxy Systems, and Specialized Balsa Wood LLC. Also, the balsa core materials market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Table of Contents
1 Executive Summary
- 1.1 Market overview
- Executive Summary - Chart on Market Overview
- Executive Summary - Data Table on Market Overview
- Executive Summary - Chart on Global Market Characteristics
- Executive Summary - Chart on Market By Geographical Landscape
- Executive Summary - Chart on Market Segmentation by Type
- Executive Summary - Chart on Market Segmentation by End-user
- Executive Summary - Chart on Incremental Growth
- Executive Summary - Data Table on Incremental Growth
- Executive Summary - Chart on Company Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Parent Market
- Data Table on - Parent Market
- 2.2 Market characteristics
- Market characteristics analysis
- 2.3 Value chain analysis
3 Market Sizing
- 3.1 Market definition
- Offerings of companies included in the market definition
- 3.2 Market segment analysis
- 3.3 Market size 2023
- 3.4 Market outlook: Forecast for 2023-2028
- Chart on Global - Market size and forecast 2023-2028 ($ million)
- Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Data Table on Global Market: Year-over-year growth 2023-2028 (%)
4 Historic Market Size
- 4.1 Global Balsa Core Materials Market 2018 - 2022
- Historic Market Size - Data Table on Global Balsa Core Materials Market 2018 - 2022 ($ million)
- 4.2 Type segment analysis 2018 - 2022
- Historic Market Size - Type Segment 2018 - 2022 ($ million)
- 4.3 End-user segment analysis 2018 - 2022
- Historic Market Size - End-user Segment 2018 - 2022 ($ million)
- 4.4 Geography segment analysis 2018 - 2022
- Historic Market Size - Geography Segment 2018 - 2022 ($ million)
- 4.5 Country segment analysis 2018 - 2022
- Historic Market Size - Country Segment 2018 - 2022 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Five forces analysis - Comparison between 2023 and 2028
- 5.2 Bargaining power of buyers
- Bargaining power of buyers - Impact of key factors 2023 and 2028
- 5.3 Bargaining power of suppliers
- Bargaining power of suppliers - Impact of key factors in 2023 and 2028
- 5.4 Threat of new entrants
- Threat of new entrants - Impact of key factors in 2023 and 2028
- 5.5 Threat of substitutes
- Threat of substitutes - Impact of key factors in 2023 and 2028
- 5.6 Threat of rivalry
- Threat of rivalry - Impact of key factors in 2023 and 2028
- 5.7 Market condition
- Chart on Market condition - Five forces 2023 and 2028
6 Market Segmentation by Type
- 6.1 Market segments
- Chart on Type - Market share 2023-2028 (%)
- Data Table on Type - Market share 2023-2028 (%)
- 6.2 Comparison by Type
- Chart on Comparison by Type
- Data Table on Comparison by Type
- 6.3 Monolayer - Market size and forecast 2023-2028
- Chart on Monolayer - Market size and forecast 2023-2028 ($ million)
- Data Table on Monolayer - Market size and forecast 2023-2028 ($ million)
- Chart on Monolayer - Year-over-year growth 2023-2028 (%)
- Data Table on Monolayer - Year-over-year growth 2023-2028 (%)
- 6.4 Multilayer - Market size and forecast 2023-2028
- Chart on Multilayer - Market size and forecast 2023-2028 ($ million)
- Data Table on Multilayer - Market size and forecast 2023-2028 ($ million)
- Chart on Multilayer - Year-over-year growth 2023-2028 (%)
- Data Table on Multilayer - Year-over-year growth 2023-2028 (%)
- 6.5 Market opportunity by Type
- Market opportunity by Type ($ million)
- Data Table on Market opportunity by Type ($ million)
7 Market Segmentation by End-user
- 7.1 Market segments
- Chart on End-user - Market share 2023-2028 (%)
- Data Table on End-user - Market share 2023-2028 (%)
- 7.2 Comparison by End-user
- Chart on Comparison by End-user
- Data Table on Comparison by End-user
- 7.3 Wind energy - Market size and forecast 2023-2028
- Chart on Wind energy - Market size and forecast 2023-2028 ($ million)
- Data Table on Wind energy - Market size and forecast 2023-2028 ($ million)
- Chart on Wind energy - Year-over-year growth 2023-2028 (%)
- Data Table on Wind energy - Year-over-year growth 2023-2028 (%)
- 7.4 Aerospace - Market size and forecast 2023-2028
- Chart on Aerospace - Market size and forecast 2023-2028 ($ million)
- Data Table on Aerospace - Market size and forecast 2023-2028 ($ million)
- Chart on Aerospace - Year-over-year growth 2023-2028 (%)
- Data Table on Aerospace - Year-over-year growth 2023-2028 (%)
- 7.5 Marine - Market size and forecast 2023-2028
- Chart on Marine - Market size and forecast 2023-2028 ($ million)
- Data Table on Marine - Market size and forecast 2023-2028 ($ million)
- Chart on Marine - Year-over-year growth 2023-2028 (%)
- Data Table on Marine - Year-over-year growth 2023-2028 (%)
- 7.6 Others - Market size and forecast 2023-2028
- Chart on Others - Market size and forecast 2023-2028 ($ million)
- Data Table on Others - Market size and forecast 2023-2028 ($ million)
- Chart on Others - Year-over-year growth 2023-2028 (%)
- Data Table on Others - Year-over-year growth 2023-2028 (%)
- 7.7 Market opportunity by End-user
- Market opportunity by End-user ($ million)
- Data Table on Market opportunity by End-user ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Chart on Market share By Geographical Landscape 2023-2028 (%)
- Data Table on Market share By Geographical Landscape 2023-2028 (%)
- 9.2 Geographic comparison
- Chart on Geographic comparison
- Data Table on Geographic comparison
- 9.3 APAC - Market size and forecast 2023-2028
- Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Chart on APAC - Year-over-year growth 2023-2028 (%)
- Data Table on APAC - Year-over-year growth 2023-2028 (%)
- 9.4 Europe - Market size and forecast 2023-2028
- Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Chart on Europe - Year-over-year growth 2023-2028 (%)
- Data Table on Europe - Year-over-year growth 2023-2028 (%)
- 9.5 North America - Market size and forecast 2023-2028
- Chart on North America - Market size and forecast 2023-2028 ($ million)
- Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Chart on North America - Year-over-year growth 2023-2028 (%)
- Data Table on North America - Year-over-year growth 2023-2028 (%)
- 9.6 South America - Market size and forecast 2023-2028
- Chart on South America - Market size and forecast 2023-2028 ($ million)
- Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Chart on South America - Year-over-year growth 2023-2028 (%)
- Data Table on South America - Year-over-year growth 2023-2028 (%)
- 9.7 Middle East and Africa - Market size and forecast 2023-2028
- Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- 9.8 China - Market size and forecast 2023-2028
- Chart on China - Market size and forecast 2023-2028 ($ million)
- Data Table on China - Market size and forecast 2023-2028 ($ million)
- Chart on China - Year-over-year growth 2023-2028 (%)
- Data Table on China - Year-over-year growth 2023-2028 (%)
- 9.9 US - Market size and forecast 2023-2028
- Chart on US - Market size and forecast 2023-2028 ($ million)
- Data Table on US - Market size and forecast 2023-2028 ($ million)
- Chart on US - Year-over-year growth 2023-2028 (%)
- Data Table on US - Year-over-year growth 2023-2028 (%)
- 9.10 Germany - Market size and forecast 2023-2028
- Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Chart on Germany - Year-over-year growth 2023-2028 (%)
- Data Table on Germany - Year-over-year growth 2023-2028 (%)
- 9.11 France - Market size and forecast 2023-2028
- Chart on France - Market size and forecast 2023-2028 ($ million)
- Data Table on France - Market size and forecast 2023-2028 ($ million)
- Chart on France - Year-over-year growth 2023-2028 (%)
- Data Table on France - Year-over-year growth 2023-2028 (%)
- 9.12 India - Market size and forecast 2023-2028
- Chart on India - Market size and forecast 2023-2028 ($ million)
- Data Table on India - Market size and forecast 2023-2028 ($ million)
- Chart on India - Year-over-year growth 2023-2028 (%)
- Data Table on India - Year-over-year growth 2023-2028 (%)
- 9.13 Market opportunity By Geographical Landscape
- Market opportunity By Geographical Landscape ($ million)
- Data Tables on Market opportunity By Geographical Landscape ($ million)
10 Drivers, Challenges, and Opportunity/Restraints
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Impact of drivers and challenges in 2023 and 2028
- 10.4 Market opportunities/restraints
11 Competitive Landscape
- 11.1 Overview
- 11.2 Competitive Landscape
- Overview on criticality of inputs and factors of differentiation
- 11.3 Landscape disruption
- Overview on factors of disruption
- 11.4 Industry risks
- Impact of key risks on business
12 Competitive Analysis
- 12.1 Companies profiled
- 12.2 Market positioning of companies
- Matrix on companies position and classification
- 12.3 Adhesive Technologies NZ Ltd.
- Adhesive Technologies NZ Ltd. - Overview
- Adhesive Technologies NZ Ltd. - Product / Service
- Adhesive Technologies NZ Ltd. - Key offerings
- 12.4 Allred and Associates Inc.
- Allred and Associates Inc. - Overview
- Allred and Associates Inc. - Product / Service
- Allred and Associates Inc. - Key offerings
- 12.5 Bodotex AS
- Bodotex AS - Overview
- Bodotex AS - Product / Service
- Bodotex AS - Key offerings
- 12.6 Carbon Core Corp.
- Carbon Core Corp. - Overview
- Carbon Core Corp. - Product / Service
- Carbon Core Corp. - Key offerings
- 12.7 Composite Envisions LLC
- Composite Envisions LLC - Overview
- Composite Envisions LLC - Product / Service
- Composite Envisions LLC - Key offerings
- 12.8 CoreLite
- CoreLite - Overview
- CoreLite - Product / Service
- CoreLite - Key offerings
- 12.9 Diab Group
- Diab Group - Overview
- Diab Group - Product / Service
- Diab Group - Key offerings
- 12.10 Gurit Holding AG
- Gurit Holding AG - Overview
- Gurit Holding AG - Business segments
- Gurit Holding AG - Key offerings
- Gurit Holding AG - Segment focus
- 12.11 I Core Composites LLC
- I Core Composites LLC - Overview
- I Core Composites LLC - Product / Service
- I Core Composites LLC - Key offerings
- 12.12 LBI Inc.
- LBI Inc. - Overview
- LBI Inc. - Product / Service
- LBI Inc. - Key offerings
- 12.13 Nord Compensati Srl
- Nord Compensati Srl - Overview
- Nord Compensati Srl - Product / Service
- Nord Compensati Srl - Key offerings
- 12.14 Schweiter Technologies AG
- Schweiter Technologies AG - Overview
- Schweiter Technologies AG - Product / Service
- Schweiter Technologies AG - Key offerings
- 12.15 Sicomin Epoxy Systems
- Sicomin Epoxy Systems - Overview
- Sicomin Epoxy Systems - Product / Service
- Sicomin Epoxy Systems - Key offerings
- 12.16 Specialized Balsa Wood LLC
- Specialized Balsa Wood LLC - Overview
- Specialized Balsa Wood LLC - Product / Service
- Specialized Balsa Wood LLC - Key offerings
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Inclusions checklist
- Exclusions checklist
- 13.3 Currency conversion rates for US$
- Currency conversion rates for US$
- 13.4 Research methodology
- 13.5 Data procurement
- 13.6 Data validation
- 13.7 Validation techniques employed for market sizing
- Validation techniques employed for market sizing
- 13.8 Data synthesis
- 13.9 360 degree market analysis
- 360 degree market analysis
- 13.10 List of abbreviations