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Balsa Core Materials Market by Type (Monolayer and Multilayer) and Application (Wind Energy, Aerospace, Marine, Transportation, Construction, and Others) - Global Opportunity Analysis and Industry Forecast, 2018-2025

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MA_172758
Pages: 158
Jul 2018 | 2873 Views
 
Author's : Ashmita Roy
Tables: 71
Charts: 42
 

Balsa Core Materials Market Overview:

The global balsa core materials market was valued at $199 million in 2017, and is projected to reach $291 million by 2025, growing at a CAGR of 4.8% from 2018 to 2025.

Balsa core material is a cost-effective material, which can be tailored to specific applications. Balsa honeycomb-like cell structures are configured into end grain panels as per specific requirements. Balsa trees grow rapidly, and their core materials are increasingly being used in production of boats, in transportation, wind turbines blades, and structural composite panels. High specific stiffness & rigidity and enhanced moisture resistance make balsa core material suitable for wide range of applications. The sandwich panel of balsa wood cores is used in aircraft construction to reduce weight and achieve high compressive & tensile strength. In the UK and abroad, aerospace designers and aircraft manufacturers are shifting their preference towards balsa wood core material for hovercraft, aircraft, and helicopter manufacture.

The major driving factor that is responsible for the growth of balsa core material market is upsurge in demand for lightweight materials across several end-use industries. Furthermore, growth of aerospace industry across various regions has fueled the market growth. However, high material cost is expected to hinder the market growth. On the contrary, mergers and acquisitions of balsa core material manufactures and technological advancements are expected to provide lucrative opportunities for the market growth.

The global balsa core materials market is segmented based on type, application, and region. On the basis type, it is bifurcated into monolayer and multilayer. The applications covered in the study include wind energy, aerospace, marine, transportation, construction, and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players operating in the market include DIAB, Schweiter Technologies, BCOMP LTD., Carbon-Core Corp, Gurit Holding AG, Evonik Industries AG, I-Core Composites, LLC, CoreLite Inc., BONDi (Shandong) Environmental Material Company Limited, and Nord Compensati Spa.

Global Balsa Core Materials Market, by Geography

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The Asia-Pacific balsa core material market is expected to witness rapid growth rate during the forecast period, owing to development of the marine & wind power industries. In addition, increase in demand for lightweight composite materials in economies such as India, China, Korea, Australia, and Japan boosts the growth of the balsa core material market in the region.

Global Balsa Core Materials Market, by Type

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The multilayer segment is projected to be the most lucrative segment, owing to its higher energy absorption property as compared to monolayer materials. This has led to increase in adoption of balsa wood with multilayer coating in a wide range of applications such as aerospace, marine, and construction.

Global Balsa Core Materials Market, by Application

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The wind energy segment garnered the dominant position in 2018, and is expected to continue to maintain the lead during the forecast period, due to increase in demand for cost-effective & environment-friendly generation systems and implementation of stringent government regulations to reduce emission of greenhouse gases. In addition, increase in investment by financial institutions such as International Finance Corporation, Green Investment Bank, and the World Bank for the development of wind energy market is anticipated escalate the market growth in the near future.

Key Benefits

  • This report provides an extensive analysis of the current trends and emerging estimations in the global balsa core materials market.
  • A comprehensive analysis of factors that drive and restrain the market growth is provided.
  • An extensive analysis of the industry is conducted by following key product positioning and monitoring the top competitors within the market framework.
  • The key players are profiled along with their strategies to determine the competitive outlook of the market.

Balsa Core Materials Market Key Segments:

By Type

  • Monolayer
  • Multilayer

By Application

  • Wind Energy
  • Aerospace
  • Marine
  • Transportation
  • Construction
  • Others

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Spain
    • Italy
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Turkey
    • South Africa
    • Saudi Arabia
    • Rest of LAMEA
 

Chapter: 1: INTRODUCTION

1.1. Report Description
1.2. KEY BENEFITS FOR STAKEHOLDERS
1.3. KEY MARKET SEGMENTS
1.4. Research Methodology

1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools and models

Chapter: 2: EXECUTIVE SUMMARY

2.1. key findings of the study
2.2. CXO perspective

Chapter: 3: MARKET OVERVIEW

3.1. market DEFINITION and scope
3.2. key findings

3.2.1. Top investment pocket
3.2.2. Top Winning Strategies

3.3. PORTER’S FIVE FORCES ANALYSIS

3.3.1. Bargaining power of suppliers
3.3.2. Bargaining power of buyers
3.3.3. Threat of substitutes
3.3.4. Threat of new entrants
3.3.5. Intensity of competitive rivalry

3.4. Market dynamics

3.4.1. Drivers

3.4.1.1. Increase in demand for lightweight materials across several end-use industries
3.4.1.2. Growth in aerospace industry

3.4.2. Restraint

3.4.2.1. Minimum density and ability to absorb large amount of resins during lamination

3.4.3. Opportunity

3.4.3.1. Mergers and acquisitions
3.4.3.2. Technological advancements

3.5. list of balsa core materials users

Chapter: 4: BALSA CORE MATERIALS MARKET, BY TYPE

4.1. Introduction

4.1.1. Market size and forecast

4.2. Monolayer

4.2.1. Key market trends, growth factors, and opportunities
4.2.2. Market size and forecast

4.3. Multilayer

4.3.1. Key market trends, growth factors, and opportunities
4.3.2. Market size and forecast

Chapter: 5: BALSA CORE MATERIALS MARKET, BY END-USE INDUSTRY

5.1. Introduction

5.1.1. Market size and forecast

5.2. Aerospace

5.2.1. Key market trends, growth factors, and opportunities
5.2.2. Market size and forecast

5.3. Wind Energy

5.3.1. Key market trends, growth factors, and opportunities
5.3.2. Market size and forecast

5.4. Marine

5.4.1. Key market trends, growth factors, and opportunities
5.4.2. Market size and forecast

5.5. Transportation

5.5.1. Key market trends, growth factors, and opportunities
5.5.2. Market size and forecast

5.6. Construction

5.6.1. Key market trends, growth factors, and opportunities
5.6.2. Market size and forecast

5.7. Others

5.7.1. Key market trends, growth factors, and opportunities
5.7.2. Market size and forecast

Chapter: 6: BALSA CORE MATERIALS MARKET, BY REGION

6.1. Introduction

6.1.1. Market size and forecast

6.2. North America

6.2.1. Key market trends, growth factors, and opportunities
6.2.2. Market size and forecast
6.2.3. U.S.
6.2.4. Canada
6.2.5. Mexico

6.3. Europe

6.3.1. Key market trends, growth factors, and opportunities
6.3.2. Market size and forecast
6.3.3. France
6.3.4. Germany
6.3.5. UK
6.3.6. Spain
6.3.7. Italy
6.3.8. Rest of Europe

6.4. Asia-Pacific

6.4.1. Key market trends, growth factors, and opportunities
6.4.2. Market size and forecast
6.4.3. India
6.4.4. China
6.4.5. Japan
6.4.6. Korea
6.4.7. Australia
6.4.8. Rest of Asia-Pacific

6.5. LAMEA

6.5.1. Key market trends, growth factors, and opportunities
6.5.2. Market size and forecast
6.5.3. Brazil
6.5.4. Turkey
6.5.5. South Africa
6.5.6. Saudi Arabia
6.5.7. Rest of LAMEA

Chapter: 7: COMPANY PROFILES

7.1. DIAB

7.1.1. Company overview
7.1.2. Company snapshot
7.1.3. Operating business segments
7.1.4. Product portfolio
7.1.5. Key strategic moves and developments

7.2. SCHWEITER TECHNOLOGIES

7.2.1. Company overview
7.2.2. Company snapshot
7.2.3. Operating business segments
7.2.4. Product portfolio
7.2.5. Key strategic moves and developments
7.2.6. Business Performance

7.3. BCOMP LTD.

7.3.1. Company overview
7.3.2. Company snapshot
7.3.3. Operating business segments
7.3.4. Product portfolio
7.3.5. Key strategic moves and developments

7.4. Carbon-Core Corp.

7.4.1. Company overview
7.4.2. Company snapshot
7.4.3. Operating business segments
7.4.4. Product portfolio
7.4.5. Key strategic moves and developments

7.5. Gurit Holding AG

7.5.1. Company overview
7.5.2. Company snapshot
7.5.3. Operating business segments
7.5.4. Product portfolio
7.5.5. Business performance
7.5.6. Key strategic moves and developments

7.6. Evonik Industries AG

7.6.1. Company overview
7.6.2. Company snapshot
7.6.3. Operating business segments
7.6.4. Product portfolio
7.6.5. Business performance
7.6.6. Key strategic moves and developments

7.7. I-Core Composites, LLC

7.7.1. Company overview
7.7.2. Company snapshot
7.7.3. Product portfolio

7.8. CoreLite Inc.

7.8.1. Company overview
7.8.2. Company snapshot
7.8.3. Operating business segments
7.8.4. Product portfolio

7.9. BONDi (Shandong) Environmental Material Company Limited

7.9.1. Company overview
7.9.2. Company snapshot
7.9.3. Operating business segments
7.9.4. Product portfolio

7.10. Nord Compensati Spa

7.10.1. Company overview
7.10.2. Company snapshot
7.10.3. Operating business segments
7.10.4. Product portfolio

LIST OF TABLES

TABLE 01. GLOBAL BALSA CORE MATERIALS MARKET, BY TYPE, 2017-2025 ($THOUSAND)
TABLE 02. MONOLAYER BALSA CORE MATERIALS MARKET, BY REGION, 2017-2025 ($THOUSAND)
TABLE 03. MULTILAYER BALSA CORE MATERIALS MARKET, BY REGION, 2017-2025 ($THOUSAND)
TABLE 04. GLOBAL BALSA CORE MATERIALS MARKET, BY END-USE INDUSTRY, 2017-2025 ($THOUSAND)
TABLE 05. BALSA CORE MATERIALS MARKET FOR AEROSPACE INDUSTRY, BY REGION, 2017-2025 ($THOUSAND)
TABLE 06. BALSA CORE MATERIALS MARKET FOR WIND ENERGY INDUSTRY, BY REGION, 2017-2025 ($THOUSAND)
TABLE 07. BALSA CORE MATERIALS MARKET FOR MARINE INDUSTRY, BY REGION, 2017-2025 ($THOUSAND)
TABLE 08. BALSA CORE MATERIALS MARKET FOR TRANSPORTATION INDUSTRY, BY REGION, 2017-2025 ($THOUSAND)
TABLE 09. GLOBAL BALSA CORE MATERIALS MARKET FOR CONSTRUCTION INDUSTRY, BY REGION, 2017-2025 ($THOUSAND)
TABLE 10. BALSA CORE MATERIALS MARKET VALUE FOR OTHER INDUSTRIES, BY REGION, 2015-2023 ($THOUSAND)
TABLE 11. GLOBAL BALSA CORE MATERIALS MARKET, BY REGION, 2017-2025 ($THOUSAND)
TABLE 12. NORTH AMERICABALSA CORE MATERIALS MARKET, BY TYPE, 2017-2025 ($THOUSAND)
TABLE 13. NORTH AMERICABALSA CORE MATERIALS MARKET, BY APPLICATION, 2017-2025 ($THOUSAND)
TABLE 14. NORTH AMERICABALSA CORE MATERIALS MARKET VALUE, BY COUNTRY, 2017-2025 ($THOUSAND)
TABLE 15. U.S. BALSA CORE MATERIALS MARKET, BY APPLICATION, 2017-2025 ($THOUSAND)
TABLE 16. CANADA BALSA CORE MATERIALS MARKET, BY APPLICATION, 2017-2025($THOUSAND)
TABLE 17. MEXICO BALSA CORE MATERIALS MARKET, BY APPLICATION, 2017-2025($THOUSAND)
TABLE 18. EUROPE BALSA CORE MATERIALS MARKET, BY TYPE, 2017-2025($THOUSAND)
TABLE 19. EUROPE BALSA CORE MATERIALS MARKET, BY APPLICATION, 2017-2025($THOUSAND)
TABLE 20. EUROPE BALSA CORE MATERIALS MARKET, BY COUNTRY, 2017-2025($THOUSAND)
TABLE 21. FRANCE BALSA CORE MATERIALS MARKET, BY APPLICATION, 2017-2025($THOUSAND)
TABLE 22. GERMANY BALSA CORE MATERIALS MARKET, BY APPLICATION, 2017-2025($THOUSAND)
TABLE 23. SPAIN BALSA CORE MATERIALS MARKET, BY APPLICATION, 2017-2025($THOUSAND)
TABLE 24. ITALY BALSA CORE MATERIALS MARKET, BY APPLICATION, 2017-2025($THOUSAND)
TABLE 25. REST OF EUROPE BALSA CORE MATERIALS MARKET, BY APPLICATION, 2017-2025($THOUSAND)
TABLE 26. ASIA-PACIFIC BALSA CORE MATERIALS MARKET, BY TYPE, 2017-2025($THOUSAND)
TABLE 27. ASIA-PACIFIC BALSA CORE MATERIALS MARKET, BY APPLICATION, 2017-2025($THOUSAND)
TABLE 28. ASIA-PACIFIC BALSA CORE MATERIALS MARKET, BY COUNTRY, 2017-2025($THOUSAND)
TABLE 29. INDIA BALSA CORE MATERIALS MARKET, BY APPLICATION, 2017-2025($THOUSAND)
TABLE 30. CHINA BALSA CORE MATERIALS MARKET, BY APPLICATION, 2017-2025($THOUSAND)
TABLE 31. JAPAN BALSA CORE MATERIALS MARKET, BY APPLICATION, 2017-2025($THOUSAND)
TABLE 32. KOREA BALSA CORE MATERIALS MARKET, BY APPLICATION, 2017-2025($THOUSAND)
TABLE 33. AUSTRALIA BALSA CORE MATERIALS MARKET, BY APPLICATION, 2017-2025($THOUSAND)
TABLE 34. REST OF ASIA-PACIFIC BALSA CORE MATERIALS MARKET, BY APPLICATION, 2017-2025($THOUSAND)
TABLE 35. LAMEA BALSA CORE MATERIALS MARKET, BY TYPE, 2017-2025($THOUSAND)
TABLE 36. LAMEA BALSA CORE MATERIALS MARKET, BY APPLICATION, 2017-2025($THOUSAND)
TABLE 37. LAMEA BALSA CORE MATERIALS MARKET, BY COUNTRY, 2017-2025($THOUSAND)
TABLE 38. BRAZIL BALSA CORE MATERIALS MARKET, BY APPLICATION, 2017-2025($THOUSAND)
TABLE 39. TURKEY BALSA CORE MATERIALS MARKET, BY APPLICATION, 2017-2025($THOUSAND)
TABLE 40. SOUTH AFRICA BALSA CORE MATERIALS MARKET, BY APPLICATION, 2017-2025($THOUSAND)
TABLE 41. SAUDI ARABIA BALSA CORE MATERIALS MARKET, BY APPLICATION, 2017-2025($THOUSAND)
TABLE 42. REST OF LAMEA BALSA CORE MATERIALS MARKET, BY APPLICATION, 2017-2025($THOUSAND)
TABLE 43. DIAB: COMPANY SNAPSHOT
TABLE 44. DIAB: OPERATING SEGMENTS
TABLE 45. DIAB: PRODUCT PORTFOLIO
TABLE 46. SCHWEITER TECHNOLOGIES:COMPANY SNAPSHOT
TABLE 47. SCHWEITER TECHNOLOGIES: OPERATING SEGMENTS
TABLE 48. SCHWEITER TECHNOLOGIES: PRODUCT PORTFOLIO
TABLE 49. BCOMP LTD.:COMPANY SNAPSHOT
TABLE 50. BCOMP LTD.: OPERATING SEGMENTS
TABLE 51. BAKER HUGHES INC.: PRODUCT PORTFOLIO
TABLE 52. CARBON-CORE CORP:COMPANY SNAPSHOT
TABLE 53. CARBON-CORE CORP: OPERATING SEGMENTS
TABLE 54. CARBON-CORE CORP.: PRODUCT PORTFOLIO
TABLE 55. GURIT: COMPANY SNAPSHOT
TABLE 56. GURIT: OPERATING SEGMENTS
TABLE 57. GURIT: PRODUCT PORTFOLIO
TABLE 58. EVONIK: COMPANY SNAPSHOT
TABLE 59. EVONIK: OPERATING SEGMENTS
TABLE 60. EVONIK: PRODUCT PORTFOLIO
TABLE 61. I-CORE: COMPANY SNAPSHOT
TABLE 62. I-CORE: PRODUCT PORTFOLIO
TABLE 63. CORELITE INC.:COMPANY SNAPSHOT
TABLE 64. CORELITE INC.: OPERATING SEGMENTS
TABLE 65. CORELITE INC.: PRODUCT PORTFOLIO
TABLE 66. BONDI: COMPANY SNAPSHOT
TABLE 67. BONDI: PRODUCT SEGMENTS
TABLE 68. BONDI: PRODUCT PORTFOLIO
TABLE 69. NORD COMPENSATI SPA: COMPANY SNAPSHOT
TABLE 70. NORD COMPENSATI SPA: OPERATING SEGMENTS
TABLE 71. NORD COMPENSATI SPA: PRODUCT PORTFOLIO

LIST OF FIGURES

FIGURE 01. TOP INVESTMENT POCKETS, 2016-2023
FIGURE 02. TOP WINNING STRATEGIES, BY YEAR, 2014-2018*
FIGURE 03. TOP WINNING STRATEGIES, BY DEVELOPMENT, 2014-2018*
FIGURE 04. TOP WINNING STRATEGIES, BY COMPANY, 2014-2018*
FIGURE 05. MODERATE-TO-HIGH BARGAINING POWER OF SUPPLIERS
FIGURE 06. MODERATE BARGAINING POWER OF BUYERS
FIGURE 07. MODERATE THREAT OF SUBSTITUTES, 2016
FIGURE 08. MODERATE-TO-HIGH THREAT OF NEW ENTRANTS, 2016
FIGURE 09. INTENSITY OF COMPETITIVE RIVALRY, 2016
FIGURE 10. COMMERCIAL AIRCRAFT DELIVERY FORECAST, 2015-2025
FIGURE 11. GLOBAL BALSA CORE MATERIALS MARKET, BY TYPE, 2017
FIGURE 12. GLOBAL BALSA CORE MATERIALS MARKET, BY END-USE INDUSTRY, 2017
FIGURE 13. BALSA CORE MATERIALS MARKET, BY REGION, 2016
FIGURE 14. U.S. BALSA CORE MATERIALS MARKET, 2017-2025 ($THOUSAND)
FIGURE 15. CANADA BALSA CORE MATERIALS MARKET, 2017-2025 ($THOUSAND)
FIGURE 16. MEXICO BALSA CORE MATERIALS MARKET, 2017-2025 ($THOUSAND)
FIGURE 17. FRANCE BALSA CORE MATERIALS MARKET, 2017-2025 ($THOUSAND)
FIGURE 18. GERMANY BALSA CORE MATERIALS MARKET, 2017-2025 ($THOUSAND)
FIGURE 19. UK BALSA CORE MATERIALS MARKET VALUE, 2017-2025 ($THOUSAND)
FIGURE 20. SPAIN BALSA CORE MATERIALS MARKET, 2017-2025 ($THOUSAND)
FIGURE 21. ITALY BALSA CORE MATERIALS MARKET, 2017-2025 ($THOUSAND)
FIGURE 22. REST OF EUROPE BALSA CORE MATERIALS MARKET, 2017-2025 ($THOUSAND)
FIGURE 23. INDIA BALSA CORE MATERIALS MARKET, 2017-2025 ($THOUSAND)
FIGURE 24. CHINA BALSA CORE MATERIALS MARKET, 2017-2025 ($THOUSAND)
FIGURE 25. JAPAN BALSA CORE MATERIALS MARKET, 2017-2025 ($THOUSAND)
FIGURE 26. KOREA BALSA CORE MATERIALS MARKET, 2017-2025 ($THOUSAND)
FIGURE 27. AUSTRALIA BALSA CORE MATERIALS MARKET, 2017-2025 ($THOUSAND)
FIGURE 28. REST OF ASIA-PACIFIC BALSA CORE MATERIALS MARKET, 2017-2025 ($THOUSAND)
FIGURE 29. BRAZIL BALSA CORE MATERIALS MARKET, 2017-2025 ($THOUSAND)
FIGURE 30. TURKEY BALSA CORE MATERIALS MARKET, 2017-2025 ($THOUSAND)
FIGURE 31. SOUTH AFRICA BALSA CORE MATERIALS MARKET, 2017-2025 ($THOUSAND)
FIGURE 32. SAUDI ARABIA BALSA CORE MATERIALS MARKET, 2017-2025 ($THOUSAND)
FIGURE 33. REST OF LAMEA BALSA CORE MATERIALS MARKET, 2017-2025 ($THOUSAND)
FIGURE 34. FIGURE 22  SCHWEITER TECHNOLOGIES: NET SALES, 2015-2017 ($MILLION)
FIGURE 35. SCHWEITER TECHNOLOGIES: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 36. SCHWEITER TECHNOLOGIES: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 37. GURIT: NET SALES, 2015-2017 ($MILLION)
FIGURE 38. GURIT: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 39. GURIT: REVENUE SHARE BY GEOGRAPHY, 2017 (%)
FIGURE 40. EVONIK: NET SALES, 2015-2017 ($MILLION)
FIGURE 41. EVONIK: REVENUE SHARE BY SEGMENT, 2017 (%)
FIGURE 42. EVONIK: REVENUE SHARE BY GEOGRAPHY, 2017 (%)

 

Balsa core material is a type of honeycomb structure material that is available in a wide range of thickness, density, and form. Asia-Pacific is anticipated to account for a significant share in the global balsa core materials market, owing to large number of installations of wind turbine capacities. Some of the key players in this region have focused on collaborations to cater to the need of continuous supply of balsa core materials. Balsa core material is widely used in the aerospace industry, owing to its lightweight. Moreover, it has structure similar to that of the honeycomb core, and is available in the market in a wide range of thickness, density, and format/finish. Furthermore, it exhibits high compressive property, enhanced thermal insulation, and remarkable acoustic retention, which fuel its adoption, thereby boosting the growth of the market.

There is a growing requirement to increase reliability of wind turbines and ensure that turbines remain workable for 20 years or more. Balsa core material is an advanced composite material, which offers high strength, stiffness, and fatigue resistance to components, and is low priced. The growth of the global wind energy market is projected to be driven by increase in demand for cost-effective & environment-friendly generation systems and implementation of stringent government regulations to reduce emission of greenhouse gases.

 

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