Market Overview:
The global honeycomb materials market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lightweight and high-strength materials across different applications. Honeycomb materials are made up of small cells that are hexagonally shaped and bonded together. These cells create a strong and lightweight material, which makes it suitable for use in various applications such as packaging, aerospace, automotive, construction, sports equipment, wind energy turbines etc. Metal honeycomb materials currently dominate the global honeycomb materials market and are expected to continue its dominance during the forecast period as well. This can be attributed to their high strength-to-weight ratio and corrosion resistance properties.
Product Definition:
A honeycomb is a material with an array of hexagonal cells, usually made from wax or plastic. Honeycomb materials are important because they are very strong and light weight. They can be used in products such as airplane wings and bicycle frames.
Metal Honeycomb Materials:
Metal honeycomb materials are made by mixing metal powder with a polymer resin. The resulting product has the ability to absorb energy and convert it into heat, which is then radiated back out when the material is relaxed. Metal honeycombs have been used in various applications including sound damping, thermal management for electronics & electrical products as well as industrial processes, and space blankets among others.
Plastic Honeycomb Materials:
Plastic honeycomb materials are manufactured by combining plastic granules or flakes with a bonding agent and then compressed into a thin layer. The final product has the ability to retain its shape under pressure and is used as an alternative to glass wool in various applications including insulation, sound damping, filtration, packaging of electrical & electronic components and thermal management among others.
Application Insights:
The packaging application segment led the global honeycomb materials market in 2017 and is projected to witness significant growth over the forecast period. The rising demand for corrugated cardboards, which are used as packaging material for several products including fruits and vegetables, confectionery items, pharmaceuticals, and other retail products is expected to drive the product demand in this application segment over the next few years.
In aerospace & defense applications include honeycomb materials are used as a replacement of traditional foams because they have superior characteristics such as lightweight properties along with sound dampening features that reduce noise levels generated by aircraft engines. These materials also help reduce thermal bridges that may cause heat transfer from one part of an aircraft to another thereby reducing overall aircraft weight. In addition, these composites provide better impact resistance than traditional aluminum or steel alloys while maintaining similar strength properties.
Regional Analysis:
North America accounted for the largest share of over 35% in 2017. The U.S., being a developed economy, is expected to witness high demand for the product from various end-use industries such as construction, automotive and packaging.
The growth of honeycomb materials in North America can be attributed to growing investments by industry leaders coupled with favorable government policies that promote industrialization and create new employment opportunities across the region. In addition, rising consumer awareness regarding sustainable products is anticipated to propel market growth over the forecast period.
Asia Pacific honeycomb materials market is likely to witness significant gains owing to rapid industrialization along with increasing infrastructure activities in countries such as China and India which are major consumers of these products including metal honeycombs materials; plastic honeycombs materials; paper honeycombs materials; composite material blocks & panels etcetera).
Growth Factors:
- Increasing demand from end-use industries such as construction, automotive and aerospace due to the unique properties of honeycomb materials
- Growing research and development activities by honeycomb material manufacturers for developing new applications
- Rising popularity of lightweight and high-performance materials in the global market
- Increasing number of collaborations between honeycomb material suppliers and end-use industries for product development purposes
- Growing investments by key players in manufacturing facilities to cater to the increasing demand for honeycomb materials
Scope Of The Report
Report Attributes
Report Details
Report Title
Honeycomb Materials Market Research Report
By Type
Metal Honeycomb Materials, Plastic Honeycomb Materials, Paper Honeycomb Materials
By Application
Packaging, Aerospace, Automotive, Construction, Sports, Wind Energy, Others
By Companies
Hi Tech Honeycomb, Oerlikon Metco, ROTEC JSC, Preci-Spark, Quality Honeycomb, Indy Honeycomb, Plascore Inc, Beijing Ander Technologies, Honylite
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
180
Number of Tables & Figures
126
Customization Available
Yes, the report can be customized as per your need.
Global Honeycomb Materials Market Report Segments:
The global Honeycomb Materials market is segmented on the basis of:
Types
Metal Honeycomb Materials, Plastic Honeycomb Materials, Paper Honeycomb Materials
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Packaging, Aerospace, Automotive, Construction, Sports, Wind Energy, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Hi Tech Honeycomb
- Oerlikon Metco
- ROTEC JSC
- Preci-Spark
- Quality Honeycomb
- Indy Honeycomb
- Plascore Inc
- Beijing Ander Technologies
- Honylite
Highlights of The Honeycomb Materials Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Metal Honeycomb Materials
- Plastic Honeycomb Materials
- Paper Honeycomb Materials
- By Application:
- Packaging
- Aerospace
- Automotive
- Construction
- Sports
- Wind Energy
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Honeycomb Materials Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Honeycomb materials are a type of composite material that is made up of small, hexagonal cells. These cells are filled with a honey-like substance and then pressed together to create the desired shape. Honeycomb materials can be used in a variety of applications, including aerospace, automotive, and construction.
Some of the key players operating in the honeycomb materials market are Hi Tech Honeycomb, Oerlikon Metco, ROTEC JSC, Preci-Spark, Quality Honeycomb, Indy Honeycomb, Plascore Inc, Beijing Ander Technologies, Honylite.
The honeycomb materials market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Honeycomb Materials Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Honeycomb Materials Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Honeycomb Materials Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Honeycomb Materials Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Honeycomb Materials Market Size & Forecast, 2020-2028
4.5.1 Honeycomb Materials Market Size and Y-o-Y Growth
4.5.2 Honeycomb Materials Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Metal Honeycomb Materials
5.2.2 Plastic Honeycomb Materials
5.2.3 Paper Honeycomb Materials
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Packaging
6.2.2 Aerospace
6.2.3 Automotive
6.2.4 Construction
6.2.5 Sports
6.2.6 Wind Energy
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Honeycomb Materials Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Honeycomb Materials Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Metal Honeycomb Materials
9.6.2 Plastic Honeycomb Materials
9.6.3 Paper Honeycomb Materials
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Packaging
9.10.2 Aerospace
9.10.3 Automotive
9.10.4 Construction
9.10.5 Sports
9.10.6 Wind Energy
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Metal Honeycomb Materials
10.6.2 Plastic Honeycomb Materials
10.6.3 Paper Honeycomb Materials
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Packaging
10.10.2 Aerospace
10.10.3 Automotive
10.10.4 Construction
10.10.5 Sports
10.10.6 Wind Energy
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Metal Honeycomb Materials
11.6.2 Plastic Honeycomb Materials
11.6.3 Paper Honeycomb Materials
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Packaging
11.10.2 Aerospace
11.10.3 Automotive
11.10.4 Construction
11.10.5 Sports
11.10.6 Wind Energy
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Metal Honeycomb Materials
12.6.2 Plastic Honeycomb Materials
12.6.3 Paper Honeycomb Materials
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Packaging
12.10.2 Aerospace
12.10.3 Automotive
12.10.4 Construction
12.10.5 Sports
12.10.6 Wind Energy
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Metal Honeycomb Materials
13.6.2 Plastic Honeycomb Materials
13.6.3 Paper Honeycomb Materials
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Packaging
13.10.2 Aerospace
13.10.3 Automotive
13.10.4 Construction
13.10.5 Sports
13.10.6 Wind Energy
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Honeycomb Materials Market: Competitive Dashboard
14.2 Global Honeycomb Materials Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hi Tech Honeycomb
14.3.2 Oerlikon Metco
14.3.3 ROTEC JSC
14.3.4 Preci-Spark
14.3.5 Quality Honeycomb
14.3.6 Indy Honeycomb
14.3.7 Plascore Inc
14.3.8 Beijing Ander Technologies
14.3.9 Honylite
