Global Balsa Core Material Market, By Type (Monolayer, Multilayer), By Application (Marine, Transportation, Wind Energy, Aerospace, Construction, Others) and opportunities and forecast 2020-2027
Covid-19 Impact on Balsa Core Material Market:
The ongoing COVID-19 pandemic conditions have severely affected every sector around the world. Whereas, the chemicals and materials sectors were moderately affected during the pandemic. This is primarily due to the uncut demand for chemicals for healthcare, life science, and cleaning agents. However, other elements of chemical and material sectors such as paints, industrial oil, construction materials are facing diminution in demand. Strict lockdown resulted in a nearly 50-60% reduction in supply for raw materials, which directly affected the manufacturing process. Further, halt on many end-use industries directly affected the chemical demand all around the world.
Balsa Core Material Market Overview
Balsa core material is a cost-effective material, basically derived from trees. The global balsa core materials market is driven by extensive demand for balsa core material from various industries, such as Aerospace, Construction, wind energy, marine, and others.
Maritime transport is one of the convenient ways to transport goods and raw materials across the world. Above 90% of trading activities are done through the sea. So, increasing trade activities through the sea is expected to boost the demand for balsa core materials. This is one of the key reasons facilitating the market development over the coming years. Furthermore, the sandwich panel of balsa wood cores is mostly used in aircraft construction. Its main purpose is to reduce weight. Thus, growth in the aerospace industry across the world has improved balsa core materials market growth.
However, some properties of balsa core materials such as their low density and good ability to absorb the bulk of resins during lamination are expected to hamper the growth of the market.
Balsa Core Material Market Segment Overview
Based on type, the multilayer segment is expected to witness a high growth rate over the next few years. This is due to the higher energy absorption property of multilayer as compared to monolayer materials. In addition, balsa core material has large demand in the wind energy sector due to the increasing use of lightweight materials. Therefore, the wind energy segment shows a significant growth in the market.
Additionally, Governments of several countries increased their defense budgets. In the defense industry, increasing demand for bomber aircraft and fighter planes to boost their power. Hence, growth in investments in the defense industry is expected to expand the balsa core materials market in the forthcoming years.
Balsa Core Material Market Regional Overview
The market of the Asia Pacific is projected to grow at the fastest rate during the forecast period. This is attributed to growth in the marine and aerospace industries. China and India are expected to hold above 50% share of the balsa core materials market in the Asia Pacific over the upcoming years. In addition, Europe is expected to show noteworthy growth in the market. In this region, aircraft designers and manufacturers are favoring more balsa wood core material in aircraft manufacturing.
Balsa Core Material Market Competitor overview
· In November 2019, Diab Group AND SKAPS of India have entered a partnership for the production of PET foam to support the growing demand for core material to the wind industry in India.
· In November 2019, Evonik expanded its production capacity for ROHACELL® foams in Alabama, US. This expansion helps the company to serve lightweight specialty materials to the construction industry.
· In July 2019, Gurit acquired a polyethylene terephthalate (PET) recycling production facility from Valplastic S.r.l. in Italy. This acquisition is expected to help the company to secure quality and cost-effective raw material supplies.
Balsa Core Material Market, Key Players
· Schweiter Technologies · Gurit Holding AG · I-Core Composites, LLC · Carbon-Core Corp · DIAB · Evonik Industries AG · CoreLite Inc. · BCOMP LTD · BONDi Environmental Material Company Limited · Nord Compensati Spa · Hexcel Corporation · 3A Composites · Euro-Composites S.A. · The Gill Corporation · Changzhou Tiansheng New Materials Co. Ltd. · Plascore Incorporated · Armacell International S.A.
Balsa Core Material Market Segmentation
Balsa Core Material Market, By Type
· Monolayer · Multilayer
Balsa Core Material Market, By Application
· Marine · Transportation · Wind Energy · Aerospace · Construction · Others
Balsa Core Material market, By Region
North America
US
Canada
Europe
UK
Germany
France
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
4. Key Insights
4.1. Key Emerging Trends – For Major Countries
4.2. Latest Technological Advancement
4.3. Regulatory Landscape
4.4. Industry SWOT Analysis
4.5. Porters Five Forces Analysis
5. Global Balsa Core Material Market Analysis (USD Billion), Insights and Forecast, 2020-2027
5.1. Key Findings / Summary
5.2. Market Analysis, Insights and Forecast – By Type
5.2.1. Monolayer
5.2.2. Multilayer n
5.3. Market Analysis, Insights and Forecast – By Application
5.3.1. Marine
5.3.2. Transportation
5.3.3. Wind Energy
5.3.4. Aerospace
5.3.5. Construction
5.3.6. Others
5.4. Market Analysis, Insights and Forecast – By Region
5.4.1. North America
5.4.2. Latin America
5.4.3. Europe
5.4.4. Asia Pacific
5.4.5. Middle East and Africa
6. North America Balsa Core Material Market Analysis (USD Billion), Insights and Forecast, 2020-2027
6.1. Key Findings / Summary
6.2. Market Analysis, Insights and Forecast – By Type
6.2.1. Monolayer
6.2.2. Multilayer
6.3. Market Analysis, Insights and Forecast – By Application
6.3.1. Marine
6.3.2. Transportation
6.3.3. Wind Energy
6.3.4. Aerospace
6.3.5. Construction
6.3.6. Others
6.4. Market Analysis, Insights and Forecast – By Country
6.4.1. U.S.
6.4.2. Canada
7. Latin America Balsa Core Material Market Analysis (USD Billion), Insights and Forecast, 2020-2027
7.1. Key Findings / Summary
7.2. Market Analysis, Insights and Forecast – By Type
7.2.1. Monolayer
7.2.2. Multilayer
7.3. Market Analysis, Insights and Forecast – By Application
7.3.1. Marine
7.3.2. Transportation
7.3.3. Wind Energy
7.3.4. Aerospace
7.3.5. Construction
7.3.6. Others
7.4. Market Analysis, Insights and Forecast – By Country
7.4.1. Brazil
7.4.2. Mexico
7.4.3. Rest of Latin America
8. Europe Balsa Core Material Market Analysis (USD Billion), Insights and Forecast, 2020-2027
8.1. Key Findings / Summary
8.2. Market Analysis, Insights and Forecast – By Type
8.2.1. Monolayer
8.2.2. Multilayer
8.3. Market Analysis, Insights and Forecast – By Application
8.3.1. Marine
8.3.2. Transportation
8.3.3. Wind Energy
8.3.4. Aerospace
8.3.5. Construction
8.3.6. Others
8.4. Market Analysis, Insights and Forecast – By Country
8.4.1. UK
8.4.2. Germany
8.4.3. France
8.4.4. Italy
8.4.5. Spain
8.4.6. Russia
8.4.7. Rest of Europe
9. Asia Pacific Balsa Core Material Market Analysis (USD Billion), Insights and Forecast, 2020-2027
9.1. Key Findings / Summary
9.2. Market Analysis, Insights and Forecast – By Type
9.2.1. Monolayer
9.2.2. Multilayer
9.3. Market Analysis, Insights and Forecast – By Application
9.3.1. Marine
9.3.2. Transportation
9.3.3. Wind Energy
9.3.4. Aerospace
9.3.5. Construction
9.3.6. Others
9.4. Market Analysis, Insights and Forecast – By Country
9.4.1. China
9.4.2. India
9.4.3. Japan
9.4.4. Australia
9.4.5. South East Asia
9.4.6. Rest of Asia Pacific
10. Middle East & Africa Balsa Core Material Market Analysis (USD Billion), Insights and Forecast, 2020-2027
10.1. Key Findings / Summary
10.2. Market Analysis, Insights and Forecast – By Type
10.2.1. Monolayer
10.2.2. Multilayer
10.3. Market Analysis, Insights and Forecast – By Application
10.3.1. Marine
10.3.2. Transportation
10.3.3. Wind Energy
10.3.4. Aerospace
10.3.5. Construction
10.3.6. Others
10.4. Market Analysis, Insights and Forecast – By Country
10.4.1. GCC
10.4.2. South Africa
10.4.3. Rest of Middle East & Africa
11. Competitive Analysis
11.1. Company Market Share Analysis, 2018
11.2. Key Industry Developments
11.3. Company Profile
11.4. Schweiter Technologies
11.4.1. Business Overview
11.4.2. Segment 1 & Service Offering
11.4.3. Overall Revenue
11.4.4. Geographic Presence
11.4.5. Recent Development
*Similar details will be provided for the following companies
11.5. Gurit Holding AG
11.6. I-Core Composites, LLC
11.7. Carbon-Core Corp
11.8. DIAB
11.9. Evonik Industries AG
11.10. CoreLite Inc.
11.11. BCOMP LTD
11.12. BONDi Environmental Material Company Limited
11.13. Nord Compensati Spa
11.14. Hexcel Corporation
11.15. 3A Composites
11.16. Euro-Composites S.A.
11.17. The Gill Corporation
11.18. Changzhou Tiansheng New Materials Co. Ltd.
11.19. Plascore Incorporated
List of Figures
Figure 1: Global Balsa Core Material Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
Figure 2: Global Balsa Core Material Market Value Share (%), By Segment 1, 2019 & 2027
Figure 3: Global Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 4: Global Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 5: Global Balsa Core Material Market Value Share (%), By Segment 2, 2019 & 2027
Figure 6: Global Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 7: Global Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 8: Global Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 9: Global Balsa Core Material Market Forecast (USD Billion), by Others, 2016-2027
Figure 10: Global Balsa Core Material Market Value Share (%), By Segment 3, 2019 & 2027
Figure 11: Global Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 12: Global Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 13: Global Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 14: Global Balsa Core Material Market Forecast (USD Billion), by Others, 2016-2027
Figure 15: Global Balsa Core Material Market Value (USD Billion), by Region, 2019 & 2027
Figure 16: North America Balsa Core Material Market Value Share (%), By Segment 1, 2019 & 2027
Figure 17: North America Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 18: North America Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 19: North America Balsa Core Material Market Value Share (%), By Segment 2, 2019 & 2027
Figure 20: North America Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 21: North America Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 22: North America Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 23: North America Balsa Core Material Market Forecast (USD Billion), by Others, 2016-2027
Figure 24: North America Balsa Core Material Market Value Share (%), By Segment 3, 2019 & 2027
Figure 25: North America Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 26: North America Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 27: North America Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 28: North America Balsa Core Material Market Forecast (USD Billion), by Others, 2016-2027
Figure 29: North America Balsa Core Material Market Forecast (USD Billion), by U.S., 2016-2027
Figure 30: North America Balsa Core Material Market Forecast (USD Billion), by Canada, 2016-2027
Figure 31: Latin America Balsa Core Material Market Value Share (%), By Segment 1, 2019 & 2027
Figure 32: Latin America Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 33: Latin America Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 34: Latin America Balsa Core Material Market Value Share (%), By Segment 2, 2019 & 2027
Figure 35: Latin America Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 36: Latin America Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 37: Latin America Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 38: Latin America Balsa Core Material Market Forecast (USD Billion), by Others, 2016-2027
Figure 39: Latin America Balsa Core Material Market Value Share (%), By Segment 3, 2019 & 2027
Figure 40: Latin America Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 41: Latin America Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 42: Latin America Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 43: Latin America Balsa Core Material Market Forecast (USD Billion), by Others, 2016-2027
Figure 44: Latin America Balsa Core Material Market Forecast (USD Billion), by Brazil, 2016-2027
Figure 45: Latin America Balsa Core Material Market Forecast (USD Billion), by Mexico, 2016-2027
Figure 46: Latin America Balsa Core Material Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
Figure 47: Europe Balsa Core Material Market Value Share (%), By Segment 1, 2019 & 2027
Figure 48: Europe Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 49: Europe Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 50: Europe Balsa Core Material Market Value Share (%), By Segment 2, 2019 & 2027
Figure 51: Europe Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 52: Europe Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 53: Europe Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 54: Europe Balsa Core Material Market Forecast (USD Billion), by Others, 2016-2027
Figure 55: Europe Balsa Core Material Market Value Share (%), By Segment 3, 2019 & 2027
Figure 56: Europe Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 57: Europe Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 58: Europe Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 59: Europe Balsa Core Material Market Forecast (USD Billion), by Others, 2016-2027
Figure 60: Europe Balsa Core Material Market Forecast (USD Billion), by U.K., 2016-2027
Figure 61: Europe Balsa Core Material Market Forecast (USD Billion), by Germany, 2016-2027
Figure 62: Europe Balsa Core Material Market Forecast (USD Billion), by France, 2016-2027
Figure 63: Europe Balsa Core Material Market Forecast (USD Billion), by Italy, 2016-2027
Figure 64: Europe Balsa Core Material Market Forecast (USD Billion), by Spain, 2016-2027
Figure 65: Europe Balsa Core Material Market Forecast (USD Billion), by Russia, 2016-2027
Figure 66: Europe Balsa Core Material Market Forecast (USD Billion), by Rest of Europe, 2016-2027
Figure 67: Asia Pacific Balsa Core Material Market Value Share (%), By Segment 1, 2019 & 2027
Figure 68: Asia Pacific Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 69: Asia Pacific Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 70: Asia Pacific Balsa Core Material Market Value Share (%), By Segment 2, 2019 & 2027
Figure 71: Asia Pacific Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 72: Asia Pacific Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 73: Asia Pacific Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 74: Asia Pacific Balsa Core Material Market Forecast (USD Billion), by Others, 2016-2027
Figure 75: Asia Pacific Balsa Core Material Market Value Share (%), By Segment 3, 2019 & 2027
Figure 76: Asia Pacific Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 77: Asia Pacific Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 78: Asia Pacific Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 79: Asia Pacific Balsa Core Material Market Forecast (USD Billion), by Others, 2016-2027
Figure 80: Asia Pacific Balsa Core Material Market Forecast (USD Billion), by China, 2016-2027
Figure 81: Asia Pacific Balsa Core Material Market Forecast (USD Billion), by India, 2016-2027
Figure 82: Asia Pacific Balsa Core Material Market Forecast (USD Billion), by Japan, 2016-2027
Figure 83: Asia Pacific Balsa Core Material Market Forecast (USD Billion), by Australia, 2016-2027
Figure 84: Asia Pacific Balsa Core Material Market Forecast (USD Billion), by Southeast Asia, 2016-2027
Figure 85: Asia Pacific Balsa Core Material Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
Figure 86: Middle East & Africa Balsa Core Material Market Value Share (%), By Segment 1, 2019 & 2027
Figure 87: Middle East & Africa Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 88: Middle East & Africa Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 89: Middle East & Africa Balsa Core Material Market Value Share (%), By Segment 2, 2019 & 2027
Figure 90: Middle East & Africa Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 91: Middle East & Africa Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 92: Middle East & Africa Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 93: Middle East & Africa Balsa Core Material Market Forecast (USD Billion), by Others, 2016-2027
Figure 94: Middle East & Africa Balsa Core Material Market Value Share (%), By Segment 3, 2019 & 2027
Figure 95: Middle East & Africa Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
Figure 96: Middle East & Africa Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
Figure 97: Middle East & Africa Balsa Core Material Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
Figure 98: Middle East & Africa Balsa Core Material Market Forecast (USD Billion), by Others, 2016-2027
Figure 99: Middle East & Africa Balsa Core Material Market Forecast (USD Billion), by GCC, 2016-2027
Figure 100: Middle East & Africa Balsa Core Material Market Forecast (USD Billion), by South Africa, 2016-2027
Figure 101: Middle East & Africa Balsa Core Material Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027
List of Tables
Table 1: Global Balsa Core Material Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 2: Global Balsa Core Material Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 3: Global Balsa Core Material Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 4: Global Balsa Core Material Market Revenue (USD Billion) Forecast, by Region, 2016-2027
Table 5: North America Balsa Core Material Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 6: North America Balsa Core Material Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 7: North America Balsa Core Material Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 8: North America Balsa Core Material Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 9: Europe Balsa Core Material Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 10: Europe Balsa Core Material Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 11: Europe Balsa Core Material Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 12: Europe Balsa Core Material Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 13: Latin America Balsa Core Material Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 14: Latin America Balsa Core Material Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 15: Latin America Balsa Core Material Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 16: Latin America Balsa Core Material Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 17: Asia Pacific Balsa Core Material Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 18: Asia Pacific Balsa Core Material Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 19: Asia Pacific Balsa Core Material Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 20: Asia Pacific Balsa Core Material Market Revenue (USD Billion) Forecast, by Country, 2016-2027
Table 21: Middle East & Africa Balsa Core Material Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
Table 22: Middle East & Africa Balsa Core Material Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
Table 23: Middle East & Africa Balsa Core Material Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
Table 24: Middle East & Africa Balsa Core Material Market Revenue (USD Billion) Forecast, by Country, 2016-2027
