According to Cognitive Market Research, The Global Balsa Wood market size is USD 152.5 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 3.50% from 2023 to 2030.
The demand for balsa wood is rising due to the numerous strategies adopted by key participants.
Demand for grain B remains higher in the balsa wood market.
The aerospace & defense category held the highest balsa wood market revenue share in 2023.
Asia Pacific will continue to lead, whereas the North American balsa wood market will experience the most substantial growth until 2030.
