Balsa Core Materials Market Research and Forecast Report 2023-2028

1. Global Balsa Core Materials Market Research and Forecast Report 2023-2028 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved

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3. Report Description and Highlights Report Description Global Balsa Core Materials Market Research Report: The latest report by IMARC, titled “Balsa Core Materials Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” " the global balsa core materials market reached a value of US$ 246.7 Million in 2022. Balsa core materials are economical, lightweight, and load-carrying honeycomb-like structures derived from the balsa tree. They can be configured into flexible end grain panels by arranging a plurality of lumber sticks in cross-sections, pressing layers, comprising binding agents, and maintaining pressure, as per the requirement. Balsa core materials are eco-friendly and offer several benefits, including high compression, optimal mechanical strength, stiffness, and extreme temperature, moisture, and fire resistance. They are extensively utilized for various applications, including boat production, composite panels, wind turbine blades, and aircraft, helicopter, and hovercraft construction. At present, balsa core materials are commercially available in varying densities, thicknesses, and forms. Request market/requestsample Free Sample Report: https://www.imarcgroup.com/balsa-core-materials-

4. Report Description and Highlights Report Description Global Balsa Core Materials Market Trends: The increasing demand for cost-effective, lightweight components with high insulating properties across various industrial verticals, including transportation, marine, and aerospace, is primarily driving the market growth. This is further supported by the growing awareness amongst consumers regarding the ecological benefit of the product over traditional counterparts, such as polyethylene terephthalate (PET) and carbon core materials. Furthermore, the rising demand for environment-friendly generation systems, supported by the implementation of stringent government regulations to reduce greenhouse gas (GHG) emissions, are propelling the market growth. Additionally, considerable expansion in the automotive industry and the growing need for lightweight automobiles with enhanced fuel efficiency are facilitating product adoption. Moreover, ongoing establishment of commercial complexes and significant investments in infrastructural projects have resulted in the widespread adoption of balsa core materials for structural sandwich applications, owing to its high aspect ratio, rigidity, and tensile strength, which is supporting the market growth. Other factors, such as improving international trade activities enabling the import and export of eco-friendly raw materials and strategic collaborations amongst key players to engineer balsa core materials with noise-controlling characteristics, are positively stimulating the market growth. On account of the aforementioned factors,the market is anticipated to reach a value of US$ 315.8 Million by 2028, growing at a CAGR of 4.9% during 2023-2028. Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).

5. Report Description and Highlights Report Description Market Summary: Breakup by Type: • Monolayer • Multilayer Breakup by Product: • Rigid End-Grain • Contoured End-Grain Breakup by End Use Industry: • Wind Energy • Aerospace • Marine • Transportation • Construction • Others Breakup by Region: • North America

6. Report Description and Highlights Report Description • United States • Canada • Asia-Pacific • China • Japan • India • South Korea • Australia • Indonesia • Others • Europe • Germany • France • United Kingdom • Italy • Spain • Russia • Others • Latin America

7. Report Description and Highlights Report Description • Brazil • Mexico • Others • Middle East and Africa

8. Report Description and Highlights Report Description Competitive Landscape with Key Players: • • • • • • • • 3A Composites (Schweiter Technologies) Bcomp Ltd. Carbon-Core Corp. CoreLite Inc. Diab International AB Gurit Holding AG I-Core Composites LLC Nord Compensati srl. View Full Report with TOC & List of Figure: https://www.imarcgroup.com/balsa-core-materials- market

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11. Report Description and Highlights Report Description © 2019 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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