Balsa Core Materials Market size to grow by USD 74.2 million from 2022 to 2027 | Adhesive Technologies NZ Ltd. and Allred and Associates Inc. emerge as key contributors to growth - Technavio

NEW YORK, June 30, 2023 /PRNewswire/ -- The balsa core materials market is set to grow by USD 74.2 million from 2022 to 2027. The market is estimated to be progressing at a CAGR of 5.83% during the forecast period. The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growth of the shipbuilding industry. In the shipbuilding industry, which is a major consumer of balsa core materials, balsa core materials are used to manufacture the interior structure, decks, and floors of the ship. Therefore, the growth of the shipbuilding industry, along with the addition of new ships drives the demand for balsa core materials during the forecast period. New ship manufacturing and an increase in the repair and maintenance of old ships are the factors expected to drive market growth during the forecast period. Hence, the growth of the shipbuilding industry is expected to fuel the growth of the global balsa core materials market during the forecast period. - Here is an Exclusive report talking about Market scenarios with a historical period (2017-2021) and forecast period (2023-2027). Download Sample Report in minutes!

The balsa core materials market covers the following areas:

• Balsa Core Materials Market Sizing
• Balsa Core Materials Market Forecast
• Balsa Core Materials Market Analysis

The report on the balsa core materials market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis. 

Balsa Core Materials Market 2023-2027 - Market Dynamics

Significant Trends

The rising number of offshore wind farm installations is an emerging trend in the balsa core market. Due to an increase in demand for the installation of clean and sustainable energy sources globally, offshore wind projects have gained momentum in the past few years.

But the full potential of offshore wind projects is yet to be determined, and the adoption of offshore wind farms is rising rapidly, owing to better operational conditions when compared to onshore wind farms. Hence, such trends will increase the application of balsa core materials for the manufacturing of wind turbine blades, which, in turn, will support market growth during the forecast period.

Major Challenges

The presence of substitutes for balsa core materials challenges the growth of the balsa core market. Various composite materials such as foam are substitutes for balsa core materials and thus, vendors incorporate foam for manufacturing turbine blades. For example, in February 2021, Diab Group selected SABIC's new LNP COLORCOMP to reduce weight and improve the mechanical properties of sandwich structures with polyethylene terephthalate (PET) foams.

Furthermore, PET foams are used as the core materials for wind turbine blades, which are less expensive when compared to balsa core materials. Hence, such substitutes hinder market growth for balsa core during the forecast period.

Balsa Core Materials Market 2023-2027: Market Segmentation

This balsa core materials market report extensively covers market segmentation by type (monolayer and multilayer), end-user (wind energy, aerospace, marine, and others), and geography (APAC, Europe, North America, South America, and Middle East and Africa).

• The market share growth by the monolayer segment will be significant for market growth during the forecast period. This material is easy to bond when used with resin or adhesive and serves as an insulator, fire retardant, and noise reduction material in various industries. It is also used to make air cargo containers, floor panels, aircraft structures, and others. Also, it is used in the automotive industry to make engine covers, panel structures, interior structures, and others. Hence, the high application of balsa core materials in end-user industries will drive the growth of the segment during the forecast period.

This report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters- View Sample Report

Companies Mentioned

• Adhesive Technologies NZ Ltd.
• Allred and Associates Inc.
• Bodotex AS
• Carbon Core Corp.
• Composite Envisions LLC
• CoreLite
• Diab Group
• Gurit Holding AG
• I Core Composites LLC
• LBI Inc.
• Nord Compensati Srl
• Schweiter Technologies AG
• Sicomin Epoxy Systems
• Specialized Balsa Wood LLC

What's New?

• Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession 
• Global competitiveness and key competitor positions 
• Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial  - buy the report!

Vendor Offerings

• Adhesive Technologies NZ Ltd. - The company offers balsa core material namely ProBalsa. 
• Allred and Associates Inc. - The company offers balsa core material such as DragonPlate carbon fiber balsa core. 
• Bodotex AS - The company offers balsa core materials. 

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Key Topics Covered:

1 Executive Summary

• 1.1 Market overview 
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem 
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition 
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022 

• 3.4 Market outlook: Forecast for 2022-2027
• Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global balsa core materials market 2017 - 2021
• Exhibit 18: Historic Market Size – Data Table on global balsa core materials market 2017 - 2021 ($ million)

• 4.2 Type Segment Analysis 2017 - 2021 
• Exhibit 19: Historic Market Size – Type Segment 2017 - 2021 ($ million)

• 4.3 End-User Segment Analysis 2017 - 2021
• Exhibit 20: Historic Market Size – End-User Segment 2017 - 2021 ($ million)

• 4.4 Geography Segment Analysis 2017 - 2021
• Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)

• 4.5 Country Segment Analysis 2017 - 2021
• Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

5 Five Forces Analysis

• 5.1 Five forces summary 
• Exhibit 23: Five forces analysis - Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry 
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition 
• Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

6 Market Segmentation by Type

• 6.1 Market segments 
• Exhibit 30: Chart on Type - Market share 2022-2027 (%)
• Exhibit 31: Data Table on Type - Market share 2022-2027 (%)

• 6.2 Comparison by Type 
• Exhibit 32: Chart on Comparison by Type
• Exhibit 33: Data Table on Comparison by Type

• 6.3 Monolayer - Market size and forecast 2022-2027
• Exhibit 34: Chart on Monolayer - Market size and forecast 2022-2027 ($ million)
• Exhibit 35: Data Table on Monolayer - Market size and forecast 2022-2027 ($ million)
• Exhibit 36: Chart on Monolayer - Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Monolayer - Year-over-year growth 2022-2027 (%)

• 6.4 Multilayer - Market size and forecast 2022-2027
• Exhibit 38: Chart on Multilayer - Market size and forecast 2022-2027 ($ million)
• Exhibit 39: Data Table on Multilayer - Market size and forecast 2022-2027 ($ million)
• Exhibit 40: Chart on Multilayer - Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Multilayer - Year-over-year growth 2022-2027 (%)

• 6.5 Market opportunity by Type 
• Exhibit 42: Market opportunity by Type ($ million)
• Exhibit 43: Data Table on Market opportunity by Type ($ million)

7 Market Segmentation by End-user

• 7.1 Market segments 
• Exhibit 44: Chart on End-user - Market share 2022-2027 (%)
• Exhibit 45: Data Table on End-user - Market share 2022-2027 (%)

• 7.2 Comparison by End-user 
• Exhibit 46: Chart on Comparison by End-user
• Exhibit 47: Data Table on Comparison by End-user

• 7.3 Wind energy - Market size and forecast 2022-2027
• Exhibit 48: Chart on Wind energy - Market size and forecast 2022-2027 ($ million)
• Exhibit 49: Data Table on Wind energy - Market size and forecast 2022-2027 ($ million)
• Exhibit 50: Chart on Wind energy - Year-over-year growth 2022-2027 (%)
• Exhibit 51: Data Table on Wind energy - Year-over-year growth 2022-2027 (%)

• 7.4 Aerospace - Market size and forecast 2022-2027
• Exhibit 52: Chart on Aerospace - Market size and forecast 2022-2027 ($ million)
• Exhibit 53: Data Table on Aerospace - Market size and forecast 2022-2027 ($ million)
• Exhibit 54: Chart on Aerospace - Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Aerospace - Year-over-year growth 2022-2027 (%)

• 7.5 Marine - Market size and forecast 2022-2027
• Exhibit 56: Chart on Marine - Market size and forecast 2022-2027 ($ million)
• Exhibit 57: Data Table on Marine - Market size and forecast 2022-2027 ($ million)
• Exhibit 58: Chart on Marine - Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Marine - Year-over-year growth 2022-2027 (%)

• 7.6 Others - Market size and forecast 2022-2027
• Exhibit 60: Chart on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 61: Data Table on Others - Market size and forecast 2022-2027 ($ million)
• Exhibit 62: Chart on Others - Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Others - Year-over-year growth 2022-2027 (%)

• 7.7 Market opportunity by End-user 
• Exhibit 64: Market opportunity by End-user ($ million)
• Exhibit 65: Data Table on Market opportunity by End-user ($ million)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 66: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 67: Chart on Market share by geography 2022-2027 (%)
• Exhibit 68: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 69: Chart on Geographic comparison
• Exhibit 70: Data Table on Geographic comparison

• 9.3 APAC - Market size and forecast 2022-2027
• Exhibit 71: Chart on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 72: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
• Exhibit 73: Chart on APAC - Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC - Year-over-year growth 2022-2027 (%)

• 9.4 Europe - Market size and forecast 2022-2027
• Exhibit 75: Chart on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 76: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
• Exhibit 77: Chart on Europe - Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Europe - Year-over-year growth 2022-2027 (%)

• 9.5 North America - Market size and forecast 2022-2027
• Exhibit 79: Chart on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 80: Data Table on North America - Market size and forecast 2022-2027 ($ million)
• Exhibit 81: Chart on North America - Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on North America - Year-over-year growth 2022-2027 (%)

• 9.6 South America - Market size and forecast 2022-2027
• Exhibit 83: Chart on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 84: Data Table on South America - Market size and forecast 2022-2027 ($ million)
• Exhibit 85: Chart on South America - Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on South America - Year-over-year growth 2022-2027 (%)

• 9.7 Middle East and Africa - Market size and forecast 2022-2027 
• Exhibit 87: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 88: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
• Exhibit 89: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)

• 9.8 China - Market size and forecast 2022-2027
• Exhibit 91: Chart on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 92: Data Table on China - Market size and forecast 2022-2027 ($ million)
• Exhibit 93: Chart on China - Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on China - Year-over-year growth 2022-2027 (%)

• 9.9 US - Market size and forecast 2022-2027
• Exhibit 95: Chart on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 96: Data Table on US - Market size and forecast 2022-2027 ($ million)
• Exhibit 97: Chart on US - Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on US - Year-over-year growth 2022-2027 (%)

• 9.10 Germany - Market size and forecast 2022-2027
• Exhibit 99: Chart on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 100: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
• Exhibit 101: Chart on Germany - Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on Germany - Year-over-year growth 2022-2027 (%)

• 9.11 France - Market size and forecast 2022-2027
• Exhibit 103: Chart on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 104: Data Table on France - Market size and forecast 2022-2027 ($ million)
• Exhibit 105: Chart on France - Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on France - Year-over-year growth 2022-2027 (%)

• 9.12 India - Market size and forecast 2022-2027
• Exhibit 107: Chart on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 108: Data Table on India - Market size and forecast 2022-2027 ($ million)
• Exhibit 109: Chart on India - Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on India - Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 111: Market opportunity by geography ($ million)
• Exhibit 112: Data Tables on Market opportunity by geography ($ million)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers 

• 10.2 Market challenges 

• 10.3 Impact of drivers and challenges 
• Exhibit 113: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends 

11 Vendor Landscape

• 11.1 Overview 

• 11.2 Vendor landscape 
• Exhibit 114: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption 
• Exhibit 115: Overview on factors of disruption

• 11.4 Industry risks 
• Exhibit 116: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered 
• Exhibit 117: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 118: Matrix on vendor position and classification

• 12.3 Adhesive Technologies NZ Ltd.
• Exhibit 119: Adhesive Technologies NZ Ltd. - Overview
• Exhibit 120: Adhesive Technologies NZ Ltd. - Product / Service
• Exhibit 121: Adhesive Technologies NZ Ltd. - Key offerings

• 12.4 Allred and Associates Inc. 
• Exhibit 122: Allred and Associates Inc. - Overview
• Exhibit 123: Allred and Associates Inc. - Product / Service
• Exhibit 124: Allred and Associates Inc. - Key offerings

• 12.5 Bodotex AS 
• Exhibit 125: Bodotex AS - Overview
• Exhibit 126: Bodotex AS - Product / Service
• Exhibit 127: Bodotex AS - Key offerings

• 12.6 Carbon Core Corp. 
• Exhibit 128: Carbon Core Corp. - Overview
• Exhibit 129: Carbon Core Corp. - Product / Service
• Exhibit 130: Carbon Core Corp. - Key offerings

• 12.7 Composite Envisions LLC 
• Exhibit 131: Composite Envisions LLC - Overview
• Exhibit 132: Composite Envisions LLC - Product / Service
• Exhibit 133: Composite Envisions LLC - Key offerings

• 12.8 CoreLite 
• Exhibit 134: CoreLite - Overview
• Exhibit 135: CoreLite - Product / Service
• Exhibit 136: CoreLite - Key offerings

• 12.9 Diab Group 
• Exhibit 137: Diab Group - Overview
• Exhibit 138: Diab Group - Product / Service
• Exhibit 139: Diab Group - Key offerings

• 12.10 Gurit Holding AG 
• Exhibit 140: Gurit Holding AG - Overview
• Exhibit 141: Gurit Holding AG - Business segments
• Exhibit 142: Gurit Holding AG - Key offerings
• Exhibit 143: Gurit Holding AG - Segment focus

• 12.11 I Core Composites LLC 
• Exhibit 144: I Core Composites LLC - Overview
• Exhibit 145: I Core Composites LLC - Product / Service
• Exhibit 146: I Core Composites LLC - Key offerings

• 12.12 LBI Inc. 
• Exhibit 147: LBI Inc. - Overview
• Exhibit 148: LBI Inc. - Product / Service
• Exhibit 149: LBI Inc. - Key offerings

• 12.13 Nord Compensati Srl 
• Exhibit 150: Nord Compensati Srl - Overview
• Exhibit 151: Nord Compensati Srl - Product / Service
• Exhibit 152: Nord Compensati Srl - Key offerings

• 12.14 Schweiter Technologies AG 
• Exhibit 153: Schweiter Technologies AG - Overview
• Exhibit 154: Schweiter Technologies AG - Business segments
• Exhibit 155: Schweiter Technologies AG - Key offerings
• Exhibit 156: Schweiter Technologies AG - Segment focus

• 12.15 Sicomin Epoxy Systems 
• Exhibit 157: Sicomin Epoxy Systems - Overview
• Exhibit 158: Sicomin Epoxy Systems - Product / Service
• Exhibit 159: Sicomin Epoxy Systems - Key offerings

• 12.16 Specialized Balsa Wood LLC 
• Exhibit 160: Specialized Balsa Wood LLC - Overview
• Exhibit 161: Specialized Balsa Wood LLC - Product / Service
• Exhibit 162: Specialized Balsa Wood LLC - Key offerings

13 Appendix

• 13.1 Scope of the report 

• 13.2 Inclusions and exclusions checklist
• Exhibit 163: Inclusions checklist
• Exhibit 164: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 165: Currency conversion rates for US$

• 13.4 Research methodology 
• Exhibit 166: Research methodology
• Exhibit 167: Validation techniques employed for market sizing
• Exhibit 168: Information sources

• 13.5 List of abbreviations 
• Exhibit 169: List of abbreviations

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