According to the recent study the global balsa core material market is projected to reach an estimated $541 million by 2030 from $376 million in 2023 at a CAGR of 5% from 2023 to 2030. Growth in this market is primarily driven by increasing use in production of boats, in transportation, wind turbines blades, and structural composite panels.
Browse 68 figures/charts
and 46 tables in this 137-page report to understand trends, opportunities and
forecast in global balsa core material market as end use (wind, marine and
others) and region (North America, Europe, Asia Pacific, and Rest of the World).
Lucintel forecasts that
wind energy will remain the largest end use by value and also witness the
highest growth due to increase in the diameter of rotors is driving the demand
for balsa core materials in this industry.
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sample by clicking on balsa core material
market.
APAC is expected to
remain the largest market for balsa core due to rising demand from electronics
and defense industries and due to the anticipated growth in the end uses and
increasing focus on high performance balsa core. North America is expected to
witness the highest growth rate during the forecast period.
DIAB, Gurit, 3A
Composites, CoreLite, I-Core Composites are the major supplier in the
balsa core material market.
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 write us at helpdesk@lucintel.com. To get access of more than 1000 reports at fraction of cost
visit Lucintel's Analytics
Dashboard.
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.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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