Balsa Wood Market, Key Players, Industry Segments, Development, Opportunities

May 4, 2023 ⚊ 1 Min read ⚊ Views 60 ⚊ BUSINESS

Balsa wood is one of the fastest-growing trees, popular due to its lightweight nature in commercial timber. Increasing consumption of balsa wood from aerospace defense and wind energy sectors is anticipated to boost its market growth over the assessment period. Wood-based composites offer higher ballistic protection and weigh less than conventional materials. Production of ships, aircraft, and land-based shelter ships are expected to drive segment demand over the review period.

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Tags: Balsa Wood Market

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