Lucintel Forecasts Balsa Core Material Market to Reach $0.2 Billion by 2026

According to the recent study the balsa core material market is projected to reach an estimated $0.2 billion by 2026 from $0.2 billion in 2020, at a CAGR of 2.8% from 2020 to 2026. Growth in this market is primarily driven by increasing use in production of boats, in transportation, wind turbines blades, and structural composite panels.

Browse 114 figures / charts and 102 tables in this 126 -page report to understand trends, opportunities and forecast in balsa core material market as end use industry (marine, wind energy, and others), and region (North America, Europe, Asia Pacific, and Rest of the World).

Download sample report and view detailed Table of Content by clicking on below link https://www.lucintel.com/balsa-core-market.aspx

“Wind energy market is expected to remain the largest segment during the forecast period.”

Based on end use industry, the balsa core material market is segmented into marine, wind energy, and others. Lucintel forecasts that the wind energy market is expected to remain the largest segment due to increase in the diameter of rotors is driving the demand for balsa core materials in this industry and marine it is expected to witness the highest growth over the forecast period due to the increasing consumption of balsa core materials in hull bottoms, wales, decks, superstructures interior fittings, bulkheads and beams, transoms, portholes and covers.  

“Asia pacific will dominate the balsa core material market in near future.”

Asia Pacific is expected to be the largest region over the forecast period due to rising demand from electronics and defense industries and due to the anticipated growth in the end user industries and increasing focus on high performance balsa core. Europe is expected to witness the highest growth rate during the forecast period.

Download Brochure of this report by clicking on https://www.lucintel.com/balsa-core-market.aspx

Major players of balsa core material market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. DIAB, Gurit, 3A Composites, Armacell and SABIC are among the major balsa core material providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/balsa-core-market.aspx or helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times. For further information, visit www.lucintel.com.

Contact:
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751

Related reports

Honeycomb Core Material Market:

For more details click here https://www.lucintel.com/honeycomb-core-material-market.aspx

 

Polyurethane Tooling Board Market:

For more details click here https://www.lucintel.com/polyurethane-tooling-board-market.aspx

 

Vacuum Bagging Material Market:

For more details click here https://www.lucintel.com/vacuum-bagging-material-market.aspx

 

Glass Fiber Sizing Market:

For more details click here https://www.lucintel.com/fiber-sizing-market.aspx

 

Composites Distributor Market Report:

For more details click here https://www.lucintel.com/composites-distributor-market.aspx

 

PET Foam Core Market Report:

For more details click here https://www.lucintel.com/pet-foam-core-market.aspx

 

Composite Surface Film Market Report:

For more details click here https://www.lucintel.com/composite-surface-film-market.aspx

 

Gelcoat Market Report:

For more details click here https://www.lucintel.com/gelcoat-market.aspx

 

3D Printing Materials Market Report:

For more details click here https://www.lucintel.com/3d-printing-materials-market.aspx

 

Composite Tube Market:

For more details click here https://www.lucintel.com/composite-tube-market.aspx