Balsa Wood 2019 Market Size, Share and Growth Analysis 2023 Research Report


Posted February 13, 2019 by Rishab

Global Balsa Wood Market - by Type (Grain A, Grain B and Grain C), by Application (Aerospace & Defense, Renewable Energy, Marine, Road & Rail, Industrial Construction and other)
 
Key Players

Major Players in the global balsa wood market includes: 3A Composites (Switzerland) , Gurit (Spain), DIAB International AB (Sweden), The PNG Balsa Company Ltd (Papua New Guinea), The Gill Corporation (U.S.), CoreLite Inc (U.S.) and SINOKIKO BALSA TRADING CO., LTD (China) among others.

Receive a Sample Report @ https://www.marketresearchfuture.com/sample_request/4473

Market Highlights:

The balsa wood market is gaining traction across the globe, owing to the low density of wood, making balsa the lightest commercial timber available in the market. By type, ‘Grain B’ segment has accounted for a larger market share due to its combine property of ‘Grain A’ and ‘Grain C’ type of wood. ‘Grain C’ type on balsa market is estimated to grow at CAGR of 5.88%, during the forecast period as it is regarded as the most aesthetically pleasing.

Segment Analysis

The global balsa wood market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into ‘Grain A’, ‘Grain B’, and ‘Grain C’ balsa wood. Based on the application, the global balsa wood market is divided into aerospace & defense, renewable energy, marine, rail & road, industrial & construction among others.

Considering the increasing security concerns of the countries, the military & aerospace funding across the globe is also increasing and’ as a result, this segment is estimated to account for the largest market share which is slated to reach USD 77.76 million till 2023. Balsa wood laminates provide effective ballistic protection in military & defense operations at a much lower weight than metallic armor materials. Additionally, balsa wood composite armor is used in the production of military vehicles, land-based shelters, ships and aircraft are some of the factors that drive the market for balsa wood in military & aerospace segment.

Key Findings

The global balsa wood market is projected to reach USD 217.26 million by 2023 with 5.98% CAGR growth rate during the review period of 2017-2023. The ‘Grain B’ balsa wood by type has acquired nearly 41% share of the market and is growing at highest CAGR among other grain types of balsa wood. Grain ‘C’ is also a major segment, which is swiftly acquiring significant share of the market by growing at CAGR of 5.88% during the forecast period.

Aerospace & defense segment as an application has acquired as the largest share of the market. The segment is growing at highest CAGR among other application of balsa wood, to reach USD 77.76 million. Asia Pacific is the fastest growing region in the global balsa wood market, which is estimated to grow at CAGR of 5.97% to reach USD 71.25 by the end of review period. China acquired the largest market share and slated to grow at CAGR of 6.16% during the forecast period

Access Complete Report Details here:- https://www.marketresearchfuture.com/reports/balsa-wood-market-4473

Intended Audience:

Balsa wood producers

Balsa wood composite manufacturers

Wind blades manufacturers

Potential investors

Balsa wood suppliers

Nationalized laboratory
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Market Research Future
Phone 987654321
Business Address Market Research Future
https://www.marketresearchfuture.com/reports/balsa-wood-market-4473
Country India
Categories Business , Marketing , Research
Tags balsa wood , balsa wood market
Last Updated February 13, 2019