Los Angeles, CA -- (SBWIRE) -- 06/03/2019 -- Balsa core material is a commonly used end-grain wood core that exhibits high thermal insulation properties and has enhanced acoustic retention. Balsa core material is a type of honeycomb structure and is available in a wide range of thickness, density, and form. The growth and development of the shipping industry will be one of the major factors that will have a positive impact on the global balsa core materials market during the forecast period.

The rising investments in the defense industry is one of the key trends that will contribute to the market growth in the forthcoming years. One of the major factors hindering the growth of this market is Slower adoption of emerging applications. Despite the increase in the awareness of energy savings globally, many people remain ignorant about the benefits of balsa core materials in terms of their durability and high strength.

The consumption of balsa core materials in Asia-Pacific is expected to increase, owing to stable economic growth, and growth in marine and aerospace industries. Rise in demand for light weighing materials in aerospace industries is anticipated to drive the demand for balsa core materials in this region. In addition, the incorporation of nanotechnology in next-generation composites is anticipated to present new opportunities for market development.

The global Balsa Core Materials market was 200 million US$ in 2018 and is expected to 300 million US$ by the end of 2025, growing at a CAGR of 5.3% between 2019 and 2025. This report studies the Balsa Core Materials market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Balsa Core Materials in these regions, from 2014 to 2025, covering

North America (United States, Canada and Mexico)

Europe (Germany, UK, France, Italy, Russia and Turkey etc.)

Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)

South America (Brazil etc.)

Middle East and Africa (Egypt and GCC Countries)

The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include

Airex

Carbon-Core

CoreLite

Diab

Gurit

I-Core Composites

By the product type, the market is primarily split into

Monolayer

Multilayer

By the end users/application, this report covers the following segments

Wind Energy

Aerospace

Marine

Transportation

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