DUBLIN--(BUSINESS WIRE)--Jun 6, 2018--The "Balsa Core Materials Market by Type - Global Opportunity Analysis and Industry Forecast, 2017-2023" report has been added to ResearchAndMarkets.com's offering.

The global balsa core materials market was valued at $190 million in 2016, and is expected to reach $272 million by 2023, registering a CAGR of 5.3% from 2017 to 2023. 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 global balsa core materials market is driven by its increase in demand from end-use industries, such as wind energy and marine, where it is used as a protective and ablative agent. In addition, rise in demand for lightweight materials and growth in installation of wind turbine capacity are also expected to boost the market in the near future. However, high material cost is expected to a major restraint that hinders the growth. New mergers and acquisitions to increase the market reach in developing countries is expected to provide new opportunities in this market in the near future.

The global balsa core materials market is segmented based on type, end-use industry, and geography. Based on type, it is bifurcated into monolayer and multilayer. On the basis of end-use industry, it is divided into wind energy, aerospace, marine, transportation, construction, and others. Geographically, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Companies Mentioned:

DIAB 3A Composites Core Materials Bcomp Ltd. Carbon-Core Corp. CoreLite Gurit Evonik Industries AG I-Core Composites Nord BONDI Airex AG Kerfkore Company Core Composites Duroplastic Technologies CoreLite Euroresins

Key Topics Covered:

Chapter 1. Introduction

Chapter 2. Executive Summary

Chapter 3. Market Overview

Chapter 4. Global Balsa Core Materials Market, By Type

Chapter 5. Global Balsa Core Materials Market, By End-Use Industry

Chapter 6. Global Balsa Core Materials Market, By Geography

Chapter 7. Company Profiles

For more information about this report visit https://www.researchandmarkets.com/research/mrs6xq/global_balsa_core?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180606005514/en/

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Related Topics:Composites

KEYWORD:

INDUSTRY KEYWORD: MANUFACTURING CHEMICALS/PLASTICS

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 06/06/2018 04:57 AM/DISC: 06/06/2018 04:57 AM

http://www.businesswire.com/news/home/20180606005514/en