According
to the study “Europe Balsa Core Materials
Industry Situation and Prospects Research Report”, maritime transport
is a cost-effective way to transporting goods and raw materials around the
world. Majority of the trading activities are performed through the sea
accounting for a major share in European economy. Dry cargo shipments and
tanker trades such as crude oil, petroleum products, and gas demand for balsa
core materials such as balsa core sheets for packaging and as support systems.
The need for security systems within the developed economies has led to a
demand for fighter, attack and bomber aircraft in their military sector that
are utilizing balsa core composite materials in the manufacturing processes.
The increasing demand for cost-effective, environment-friendly generation
systems and implementation of stringent regulations to reduce emission of greenhouse
gases has led to adoption of balsa core composite materials in various
manufacturing process. Wind energy sector is the major consumer of balsa core
materials in the manufacturing and establishment of the industry. It prefers
lightweight materials for better energy production.
Balsa
core materials are cost-effective and can be tailored for any specific
applications as per requirements. Balsa trees grow rapidly; therefore, there is
a huge demand for their core materials. They are extensively used in production
of boats, transportation, wind turbines blades and structural composite panels.
They possess high specific stiffness, rigidity and enhanced moisture resistance
that makes it the most material suitable for wide range of applications.
Sandwich panel of balsa wood cores are used in lightweight aircrafts
construction for high compressive and tensile strength. Hovercraft, aircraft
and helicopter designers prefer balsa wood core materials in the manufacturing
processes.
Monolayer and multilayer are the various types of
balsa core materials available in European markets. Various applications of
balsa core materials in Europe are wind energy, aerospace, marine,
transportation, construction and others. Geographically, balsa core materials
market in Europe is spread across Germany, Russia, UK, France, Italy and other
regions. The leading players in balsa core materials market in Europe are DIAB,
3A Composites Core Materials, Bcomp Ltd, Carbon-Core Corp, CoreLite, Gurit,
Evonik Industries AG, I-Core Composites and Nord Compensati. Balsa core
materials market in Europe is fragmented due to many players. Mergers and
acquisitions of balsa core material manufactures and technological advancements
are expected to provide lucrative opportunities within the market.
The ongoing development of the military, aerospace,
marine and wind power industries in European countries have led to a huge
demand for lightweight composite materials, balsa core materials. The
multilayer segment in of balsa core materials is projected to be the most
lucrative segment in European markets, due to its higher energy absorption
property as compared to its monolayer materials. High cost of balsa core
materials is expected to hinder Europe’s balsa core materials market growth
over the next few years.
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Ankur Gupta, Head Marketing & Communications
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+91-9015378249
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249
