Honeycomb Core Materials Market Trend and Growing Demand for Lightweight Materials in Industries till 2027

Honeycomb Core Materials
Honeycomb Core Materials

The Global Honeycomb Core Materials Market is forecasted to grow at a rate of 9.4% CAGR from USD 2.49 Billion in 2019 to USD 4.90 Billion in 2027. Nowadays, the demand for lightweight materials in industries such as packaging, aerospace, and others has been increasing rapidly. The honeycomb Core material plays a key role in lightweight materials.

Rising product utilization in the production of honeycomb sandwich structured panels’ is further estimated to boost market growth in the next few years. Honeycomb core sandwich structured panels exhibit tremendous structural strength and compression and have emerged as an effective, lightweight alternative to wood panels, aluminum sheets, and plywood.

Growing demand for fuel-efficient, lightweight cars are driving automotive manufacturers to switch to new materials with high strength, and lightweight properties. Honeycomb cores allow the manufacturers to decrease the weight of the vehicle without overlooking the strength. The product is being used to produce a variety of automotive parts, including interior floors, chassis components, spoilers, diffusers, and body panels.

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Further key findings from the report suggest

  • Among the type segment of the honeycomb core materials market, Nomex is expected to register the highest CAGR of 9.5% over the forecasted period.
  • Honeycomb core materials are durable and strong. They also provide properties such as rigidity and cushioning, thus offering superior protection.
  • Among the regional segment of the honeycomb core materials market, Asia-Pacific is presently leading the market with 57.6% of the global market revenue, and it will continue to dominate with an estimate to register the highest CAGR of 9.4% over the forecasted period.
  • The usage of 3D printing for the production of honeycomb panels is expected to act as a key opportunity for the honeycomb core materials market during the forecast period.
  • The absorbance of moisture and water by the honeycomb and the structural limitations of honeycomb core materials act as a prime restraint to the market growth in the next few years.
  • Key participants include Hexcel Corporation, Honicel, Packaging Corporation of America, Argosy International, Euro-Composites, Grigeo, Dufaylite Developments, Cartoflex, Corinth Group, and Axxion Group among others. 

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Type Outlook (Revenue, USD Million; 2017-2027)

  • Aluminum
  • Nomex
  • Thermoplastic
  • Paper
  • Others

Application Outlook (Revenue, USD Million; 2017-2027)

  • Composites
  • Non-Composites

End-User Outlook (Revenue, USD Million; 2017-2027)

  • Packaging
  • Aerospace & Defense
  • Transportation
  • Construction and Infrastructure
  • Others

Key Regional Markets Covered in the Report:

  • North America (U.S.A., Canada, Mexico)
  • Europe (Italy, U.K., Germany, France, Rest of Europe)
  • Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
  • Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

The Honeycomb Core Materials market has been segmented into key regions of the world and offers an analysis of growth rate, market share, current and emerging trends, production and consumption ratio, industrial chain analysis, demand and supply, import and export, revenue contribution, and presence of key players in each region. A country-wise analysis of the market is offered in the report to gain a better understanding of the regional spread and progress of the Honeycomb Core Materials market.

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Frequently Asked Questions Addressed in the Report:

  • What is the estimated market revenue growth over the forecast period?
  • What are the major factors driving the global Honeycomb Core Materials market revenue growth?
  • Which regional market is expected to account for the largest revenue share in the global Honeycomb Core Materials market over the forecast years?
  • Which are the leading players in the global Honeycomb Core Materials market?
  • What are the key outcomes of SWOT analysis and Porter’s Five Forces analysis of the market?

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