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 Asian
markets. Various applications of balsa core materials in Asia are wind energy,
aerospace, marine, transportation, construction, and others. Geographically,
balsa core materials market in Asia is spread across China, Japan, India,
Korea, Saudi Arabia and other regions. The leading players in balsa core
materials market in Asia 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 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 Asian
markets.
According
to the study “Asia
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 Asia’s 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 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 government 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.
The
development of the military, aerospace, marine and wind power industries in the
emerging economies such as India, China, Korea, and Japan has led to a huge
demand for lightweight composite materials such as balsa core materials. The
multilayer segment in of balsa core materials is projected to be the most
lucrative segment in Asian markets, due to its higher energy absorption
property as compared to its monolayer materials. High cost of balsa core
materials is expected to hinder Asian balsa core materials market growth over
the next few years.
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Ankur
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