About Balsa Wood
Balsa is known also as Ochroma. It is a hardwood native to the tropical forests of the Americas. Balsa trees are also grown on plantations in many countries including Papua New Guinea, Solomon Islands, Thailand, and others. Balsa wood is hardwood, balsa Is rather soft and light and these properties of balsa wood make it suitable for a large variety of applications ranging from model building to the construction of boats and aircraft, Furniture, sports parts, construction, musical instruments, craving, and others. Balsa is very soft and light, it is reasonably strong, which makes it suitable for a range of works. Low-density balsa is high in demand.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Competition among existing players is due to the stiff market share occupied by leading players. The industry leader is engaged in offering innovative and superior-quality products to cater to the ever-growing demand for Balsa wood. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Balsa Wood market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
3A Composites (Switzerland), Gurit Holding AG (Spain), DIAB International AB (Sweden), Nord Compensati SRL (Italy), SCHWEITER TECHNOLOGIES (Switzerland), BCOMP LTD. (Switzerland), SINOKIKO BALSA TRADING CO., LTD (China), Carbon-Core Corp. (United States), I-Core Composites, LLC (United States) and CoreLite Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Riley Balsa Wood Surfboards (Australia), Balsa Wood Inc. (United States) and BONDi (Shandong) Environmental Material Company Limited (China).
Segmentation Overview
AMA Research has segmented the market of Global Balsa Wood market by Type (A - Grain, B - Grain and C - Grain), Application (Sports Parts, Musical Instrument, Furniture and Others) and Region.
On the basis of geography, the market of Balsa Wood has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Balsa Wood market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User Industries, the sub-segment i.e. Aerospace & Defence will boost the Balsa Wood market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase use in the Marine and Aviation Industry
Market Growth Drivers:
Increase demand for lightweight, soft, and highly buoyant balsa wood
Challenges:
Lack of durability of Balsa wood
Restraints:
High-Cost of balsa wood
Opportunities:
Growing demand from Aerospace & Defence industries
Key Target Audience
Balsa wood Manufacturers Suppliers and Distributors, Venture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Government Regulatory and Research Organizations
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.