Balsa wood is a lightweight, softwood derived primarily from the Ochroma pyramidale tree. The market refers to the production, processing, distribution, and trade of basala wood. Balsa wood has a high strength-to-weight ratio, excellent thermal and acoustic insulation, good buoyancy, and easy machinability and bonding. Balsa wood is recognized for its lightweight, strength, and versatility; hence, it is used in various industries such as aerospace & defence, marine, and wind energy.