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Balsa Wood Market Size 2021: Share, Global Top Companies, Industry Current Trends, Application, Growth Factors, Development and Forecast to 2023 Research Report
Posted on May 5 2021 9:01 AM
"Balsa Wood Market analysed the world's main region market conditions, including the product price, profit, capacity, production, supply, demand and market growth rate and forecast etc. Balsa Wood Market report introduced new project SWOT analysis, investment feasibility analysis, and investment return analysis.
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Global Balsa Wood Market Research Report covers segment data, including: type segment, industry segment, channel segment etc. cover different segment Balsa Wood Market size, both volume and value. Also cover different industries client's information, which is very important for the manufacturers.The Balsa Wood Market report identifies various key manufacturers of the market. It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market. The comprehensive report provides a significant microscopic look at the market. the global Balsa Wood Market revenue of manufacturers, the global price of manufacturers, and production by manufacturers during the forecast period.
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Balsa Wood Market Size (sales, revenue) forecast by regions and countries from 2021 to 2023 of Balsa Wood industry.Balsa Wood Market with respect to individual growth trends, future prospects, and their contribution to the total market. Balsa Wood Market analysis have current study and addition to the potential feature of the market primarily depends upon the facet of the business which compete on the current market, high factors and appropriated analysis. Global Balsa Wood Market report consumption (value and volume) by key regions/countries, product type and application.Balsa Wood Market Report also mentions market share accrued by each product in the Balsa Wood market, along with the production growth.
Balsa Wood Market Report Focuses on the key global Balsa Wood manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in forecast period.Balsa Wood Market Report organizes across the globe into distinct portion based on industry standards. It also distinguishes the market based on geographical regions.
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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), and by Region - Forecast till 2023
Synopsis of Global Balsa Wood Market
Balsa wood is one of the preferred core materials in structural sandwich panels, in applications ranging from wind turbine blades to boats and aircraft. Commercially used balsa wood is mostly harvested from plantations, particularly from Ecuador and Papua New Guinea. Due to the fast growth of balsa plant, the wood density is very low, making balsa the lightest commercial timber available. The appearance of grain in wood segment the balsa wood into ‘Grain A’, ‘Grain B’ and ‘Grain C’ types. By type, ‘Grain B’ balsa accounted share of 41%, and expected to dominate during the forecast period of 2017 to 2023. ‘Grain B’ balsa is in high demand among the end user as it has combine properties of ‘Grain A’ and ‘Grain C’ balsa. Balsa wood has attained commercial importance because of its light weight and insulating properties. As a result, the use of balsa as a core material in sandwich construction of aircrafts and other lightweight structures has greatly increased. Based on the application, the market is segmented as aerospace & defense, renewable energy, marine, road & rail, industrial & other segments. Due to weight saving nature of the balsa wood composites, the aerospace & defense segment is estimated as largest segment and expected to grow highest CAGR to reach USD 77.76 million by the end of 2023.
According to analysis, six segments that are covered cumulatively constitute a market of USD 146.53 million and are expected to grow at 5.89% p.a. to reach USD 217.23 million by 2023 end, owing to the growing consumption of lightweight balsa wood composites among the aerospace & defense, wind energy segments.
Regional Analysis
Balsa is one of the fastest growing tree which is native to South America, however, it can be found in many other countries like Papua New Guinea. Ecuador has been the world’s largest balsa producer for over 60 years. For the purpose of this study, has segmented the global balsa wood consumption market in five different regions, namely, North America, Europe, Asia Pacific, Latin America and Middle East & Africa. The North American market is further divided into the US and Canada, while the European market is segmented into Germany, Poland, France, UK, Italy, Spain and Rest of Europe. The Asia Pacific market is subdivided into China, Japan, India, Australia and Rest of Asia-Pacific. Asia Pacific has accounted the largest market share, followed by North America and Europe. The Asia Pacific region offers huge growth potential for balsa wood market and is slated to register the CAGR of 5.97% to reach USD 71.25 million by 2023 due to the cheap labor cost, growing application segment and presence of a large number of balsa wood composite processors in the region. China accounted for the largest market share in Asia Pacific region and is expected to grow at CAGR of 6.16% during the forecast period from 2017 to 2023.
North America accounted for second largest market share regionally followed by Europe. In North America, the U.S. holds the largest market share due to the growing renewable energy projects and rising military and defense operations in the country. In Europe, Germany is the major country that drives the market for balsa wood, followed by Poland.
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Segmentation
The global balsa wood market is segmented on the basis of type, applications and region. By type, global balsa wood market is segmented into ‘Grain A’, ‘Grain B’, ‘Grain C’ type. By application, Aerospace & Defense, Renewable Energy, Marine, Road & Rail, Industrial Construction, among others. Based on the region, the market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Key Players
The key players operating in the global balsa wood market are 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.
Geographic Analysis
The report covers brief analysis of geographical region such as:
North America
o US
o Canada
Europe
o Germany
o France
o Italy
o Spain
o U.K.
o Poland
o Rest of Europe
APAC
o China
o India
o Japan
o Australia
o Rest of Asia-Pacific
Latin America
Middle East & Africa
Key Findings
The global balsa wood market is expected to grow at 5.89% CAGR to reach USD 217.26 million by 2023. The ‘Grain B’ balsa wood by type accounted more than 40% share of the market share and expected to grow at highest CAGR. Grain ‘C’ is also a major segment, which is swiftly acquiring a significant share of the market by growing at CAGR of 5.88% during the forecast period. Application wise, the Aerospace & defense segment acquired 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. Regionally, 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 the review period. China acquired the largest market share and slated to grow at CAGR of 6.16% during the forecast period.
Intended Audience
Balsa wood producers
Balsa wood composite manufacturers
Wind blades manufacturers
Potential investors
Balsa wood suppliers
Nationalized laboratory
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The global Balsa Wood market Growth is anticipated to rise at a considerable rate during the forecast period, between 2021 and 2023. In 2021, the market was growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.Balsa Wood Market provides sizing and growth opportunities for the period 2021-2023. Provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market. Report Includes a detailed analysis of growth drivers, challenges, and investment opportunities. Delivers a complete overview of segments and the regional outlook of the market. Balsa Wood Market Offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain competitive advantage.
Balsa Wood Market Trend for Development and marketing channels are analysed. Finally, the feasibility of new investment projects is assessed and overall research conclusions offered.Balsa Wood Market Forecast by regions, type and application, with sales and revenue, from 2021 to 2023.Lastly, this report covers the market landscape and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the relevant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an overview on potential regional market shares.
Total Chapters in Balsa Wood Market Report are:
Chapter 1 Overview of Balsa Wood Market
Chapter 2 Global Market Status and Forecast by Regions
Chapter 3 Global Market Status and Forecast by Types
Chapter 4 Global Market Status and Forecast by Downstream Industry
Chapter 5 North America Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 6 Europe Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 7 Asia Pacific Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 8 Latin America Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 9 Middle East and Africa Market Status by Countries, Type, Manufacturers and Downstream Industry
Chapter 10 Market Driving Factor Analysis of Low End Servers
Chapter 11 Balsa Wood Market Competition Status by Major Manufacturers
Chapter 12 Balsa Wood Major Manufacturers Introduction and Market Data
Chapter 13 Upstream and Downstream Market Analysis of Balsa Wood Market
Chapter 14 Cost and Gross Margin Analysis of Balsa Wood Market
And Continued…
Detailed TOC of Global Balsa Wood Market Analysis & Forecast
1 Executive Summary
2 Market Dynamics
2.1 Market Growth Factors
2.1.1 Rising Security and Safety Concern
2.1.2 Balsa Wood in Developing Countries
2.1.3 Enhanced Business Productivity
2.2 Market Restraints
2.3 Balsa Wood Supply Chain Process
2.4 Porter's Five Forces Analysis
3 Global Balsa Wood Market, By Type
3.1 Introduction
3.2 Sub-segment
4 Global Balsa Wood Market, By Component
4.1 Introduction
4.2 Sub-segment
4.2.1 Balsa Wood Components
5 Global Balsa Wood Market, By Verticals
5.1 Introduction
6 Global Balsa Wood Market, By Region
6.1 Introduction
6.2 Market, By Regions
6.2.1 North America
6.2.1.1 U.S. 33
6.2.1.2 Canada
6.2.1.3 Mexico
6.2.2 Europe
6.2.3 U.K.
6.2.3.1 Germany
6.2.3.2 France
6.2.3.3 Rest of Europe
6.2.4 Asia-Pacific
6.2.5 China
6.2.6 Japan
6.2.7 India
6.2.7.1 Rest of Asia-pacific
6.2.8 Rest of the World (RoW)
6.2.8.1 Middle East & Africa
6.2.8.2 Latin Countries
7 Competitive Landscape
7.1 Introduction
7.2 Market Share Analysis
7.3 Company Profiles
7.3.1.1 Business Overview
7.3.1.2 Product/Service Portfolio
7.3.1.3 Business Strategy
7.3.1.4 SWOT Analysis
8 Appendix
8.1 Scope of the Study
8.1.1 Research Objective
8.1.2 Assumption
8.1.3 Limitation
8.2 Market Structure
9 Research Methodologies
9.1 Research Process
9.2 Primary Research
9.3 Secondary Research
9.4 Market Size Estimation
9.5 Forecast Model
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