Balsa Wood Market - Size, Trends, by 2027
Market Research Future published a Half Cooked Research Report on Global Balsa Wood Market
Market Research Future (MRFR) Announces the Publication of its Research Report – Global Balsa Wood Market 2016-2027.
Market Research Future (MRFR) recognizes the following companies as the key players in the Global Balsa Wood Market: 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.
Global Balsa Wood Market was valued at USD 146.53 million in 2016 and is expected to grow at 5.89% CAGR to reach USD 217.26 million by the end of 2027. 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.
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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 2027. Balsa Wood laminates provide effective...
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