Lucintel Forecasts Balsa Core Material Market To Reach $541 Million By 2030

By Author: Lucintel LLC
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According to the recent study the balsa core material market is projected to reach an estimated $541 million by 2030 from $375 million in 2023 at a CAGR of 5% from 2023 to 2030. Growth in this market is primarily driven by increasing use in production of boats, in transportation, wind turbines blades, and structural composite panels.
Browse 124 figures/charts and 98 tables in this 205-page report to understand trends, opportunities and forecast in balsa core material market as end use industry (marine, wind energy, and others), and region (North America, Europe, Asia Pacific, and Rest of the World).
Lucintel forecasts that wind energy will remain the largest end use by value and also witness the highest growth due to increase in the diameter of rotors is driving the demand for balsa core materials in this industry.
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APAC is expected to remain the largest market for balsa core due to rising demand from electronics and defense industries and due to the anticipated growth in the end uses and increasing focus on high performance balsa core. North America ...
... is expected to witness the highest growth rate during the forecast period.
DIAB, Gurit, 3A Composites, Armacell and SABIC are the major supplier in the balsa core material market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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