Honeycomb Core Materials Market

Global Honeycomb Core Materials Market is valued at USD 2.26 Billion in 2021 and expected to reach USD 4.03 Billion by 2028 with the CAGR of 8.6% over the forecast period.  Increasing requirement for fuel-efficient & lightweight cars is powering automotive manufacturers to use newer substances with high strength & lightweight properties. Honeycomb cores allow the firms to lower the weight considerably of the car without negotiating on the strength.

Scope of The Honeycomb Core Materials Report:

The rising interest for lightweight substances in various end-client businesses, for instance, barrier, aviation, and marine enterprises is majorly powering the interest for honeycomb core materials. Weight is the most essential factor in the outline and fabricate of heavier-than-air devices; researchers and specialists have been endeavoring persistently to improve lift-to-weight ratio. Aviation is dependent upon to be the biggest market for honeycomb core materials in the middle of to predicted period, creditable to the application for lightweight substances in aviation section. Core materials claimed to have a huge part in weight drop in both auxiliary segments and applications in flying devices. The global airplane business is growing, the same number of countries have extended interests in latest innovations.

The honeycomb core materials market can be divided by end-use industry and product type. The product type segment includes Nomex, paper, thermoplastic, aluminum, and others. The paper section, in terms of volume, led the global honeycomb core materials market. Paper honeycomb cores are discovering applications in the automotive, furniture, and packaging sector. The product employed in the furniture sector as an insert in furniture panels lowers the assembly’s entire weight. Moreover, in packaging segment, paper honeycomb cores are used in different packaging elements to offer enhanced protection to industrial equipment and household appliances, and other fragile goods while transportation.

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2022 - 2028
Market Size in 2021:	USD 2.26 Billion
Base year considered	2021
Forecast Period CAGR %:	8.6%
Market Size Expected in 2028:	USD 4.03 Billion
Tables, Charts & Figures:	175
Pages	196
Honeycomb Core Materials Companies	Toray TCAC Holding B.V., DuPont, Euro-Composites, Hexcel Corporation, EconCore N.V., Argosy International Inc, Honicel Group & others
Segments Covered	By Product Type, By Applications
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

 

Honeycomb Core Materials Market Key Segmentation:

By Product Type

• Non-Composites
• Composites

By Applications

• Packaging
• Aerospace and Defense
• Transportation
• Construction Infrastructure

Honeycomb Core Materials Market Key Players

The major players included in the global honeycomb core materials market forecast are,

• Toray TCAC Holding B.V.
• DuPont
• Euro-Composites
• Hexcel Corporation
• EconCore N.V.
• Argosy International Inc
• Honicel Group
• others

Increasing Product Usage In The Manufacturing Of Honeycomb Sandwich Structured Panels Is Predicted To Power The Market Growth

Increasing product usage in the manufacturing of honeycomb sandwich structured panels is predicted to power the market growth over the coming period. Honeycomb core sandwich structured panels show structural strength and tremendous compression and have surfaced as an effectual lightweight option to wood panels, plywood, and aluminum sheets. Increasing requirement for fuel-efficient & lightweight cars is powering automotive manufacturers to use newer substances with high strength & lightweight properties. Honeycomb cores allow the firms to lower the weight considerably of the car without negotiating on the strength. The product is being used to create a series of automotive parts comprising floors, interior body panels, diffusers, chassis components, and spoilers.

The construction & building industry is creating a healthy requirement for honeycomb core materials. The product is discovering increasing acceptance as a supporting material to offer a stiff, flat, and stable structure stone, glass, metal, and other such decorative surfaces. Moreover, the product is being employed as a part in a series of applications such as ceilings, wall cladding, and canopies, and other interiors substances to lower the weight of the entire structure.

The Europe Is Predicted To Be The Biggest Consumer For The Honeycomb Core Materials Market

The Europe is predicted to be the biggest consumer for the honeycomb core materials market, with a huge requirement from by well-established automotive and aerospace sector in the area. Defense Company and Airbus SE area seeing a steady inflow order from Middle East-based and Asian airlines. Moreover, the area is at the vanguard in requirement for lightweight fuel-efficient vehicles. Accordingly, the area is predicted to dominate the requirement for honeycomb core materials over the forecast period.

On Special Requirement Honeycomb Core Materials Market Report is also available for the below Regions and Country:

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Key Benefits for Global Honeycomb Core Materials Market Report–

• Global Honeycomb Core Materials Market report covers in depth historical and forecast analysis.
• Global Honeycomb Core Materials Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
• Global Honeycomb Core Materials market report helps to identify opportunities in market place.
• Global Honeycomb Core Materials market report covers extensive analysis of emerging trends and competitive landscape.