Market Overview:
The global industrial honeycomb core market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for lightweight and high-performance materials in various end-use industries. In terms of type, the aluminum honeycomb core segment is expected to lead the global industrial honeycomb core market during the forecast period, followed by stainless steel honeycomb core and aramid fiber honeycomb core segments.
Product Definition:
Industrial honeycomb core is a type of honeycomb core that is used in industrial applications. It has a higher strength-to-weight ratio than other types of honeycomb cores, making it ideal for use in high-stress applications. Industrial honeycomb core is also resistant to moisture and corrosion, making it ideal for use in environments where these factors are present.
Aluminum Honeycomb Core:
Aluminum honeycomb core is a low-density, open-celled aluminum structure with hexagonal cross-sectional shape. It has an average density of 0.34 lb/ft³ and specific gravity of 1.69, which is lower than that of steel (0.5) and high compared to that of wood (1).
Stainless Steel Honeycomb Core:
Stainless steel honeycomb core is a type of composite material made from combining stainless steel and honey. It has hexagonal shape which provides excellent strength and corrosion resistance properties. The product is used in various industries including chemical, food & beverage, pharmaceuticals, wastewater treatment plants among others owing to its superior characteristics such as high tensile strength & low elongation at breakage property.
Application Insights:
The automotive segment accounted for the largest revenue share in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing demand for lightweight materials, which are used in vehicle manufacturing owing to their lower density and cost advantage over steel and aluminum alloys.
Automotive applications include body structure, hoods, trunks/boot lids/bonnets, doors (swing-open type), underbody space frame rails & cross rails; suspension; brake system; engine components (valve covers); fuel system; electrical systems including lighting & powertrain electronics module bayonet joints and fasteners; cooling systems including fans & radiator grills assembly core materials are mainly used where high strength is required at a reasonable price point compared with conventional steel or aluminum based alternatives.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand from countries such as China, India, Japan, and South Korea. These countries are among the major producers of honeycomb core materials due to their large manufacturing sector.
The construction industry in Europe is expected to witness considerable growth over the coming years owing to increasing investments in infrastructural development projects such as airports and railways which will propel product demand across this region. North America also accounted for a significant share of global market space owing to growing product adoption across various applications including aerospace & defense, automotive & transportation, building & construction among others. In addition it has been observed that U.S.
Growth Factors:
- Increasing demand for lightweight and high-performance materials in the aerospace and defense industries
- Growing demand for honeycomb core products from the wind energy sector
- Rising popularity of honeycomb core composites in automotive applications
- Proliferation of advanced manufacturing technologies that facilitate production of high-quality honeycomb cores at low costs
- Growing awareness about the benefits of using honeycomb cores in various end-use applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Industrial Honeycomb Core Market Research Report
By Type
Aluminum Honeycomb Core, Stainless Steel Honeycomb Core, Aramid Fiber Honeycomb Core, Other
By Application
Automotive, Aerospace, Railway, Industrial Gas Turbine (IGT), Construction, Others
By Companies
Hexcel, Oerlikon Metco, Euro-Composites, Toray, Honicel, Arrow Dragon Metal Products, Argosy International, Axxion Group, ROTEC JSC, Preci-Spark, Quality Honeycomb, Indy Honeycomb, Plascore Inc, Beijing Ander, 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
140
Number of Tables & Figures
98
Customization Available
Yes, the report can be customized as per your need.
Global Industrial Honeycomb Core Market Report Segments:
The global Industrial Honeycomb Core market is segmented on the basis of:
Types
Aluminum Honeycomb Core, Stainless Steel Honeycomb Core, Aramid Fiber Honeycomb Core, Other
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
Automotive, Aerospace, Railway, Industrial Gas Turbine (IGT), Construction, 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:
- Hexcel
- Oerlikon Metco
- Euro-Composites
- Toray
- Honicel
- Arrow Dragon Metal Products
- Argosy International
- Axxion Group
- ROTEC JSC
- Preci-Spark
- Quality Honeycomb
- Indy Honeycomb
- Plascore Inc
- Beijing Ander
- Honylite
Highlights of The Industrial Honeycomb Core 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:
- Aluminum Honeycomb Core
- Stainless Steel Honeycomb Core
- Aramid Fiber Honeycomb Core
- Other
- By Application:
- Automotive
- Aerospace
- Railway
- Industrial Gas Turbine (IGT)
- Construction
- 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 Industrial Honeycomb Core 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.
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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?
Industrial honeycomb core is a type of structural composite material made from a series of interconnected metal plates that are shaped to create an intricate three-dimensional grid. The grids are then covered in a thin layer of plastic or other material, which gives the composite its distinctive honeycomb appearance. The metal plates can be made from different materials, including steel, aluminum, and copper, and they can be joined together using various techniques to create complex structures. Industrial honeycomb cores are often used in construction projects because they offer high strength and stiffness ratings while remaining lightweight and easy to transport.
Some of the key players operating in the industrial honeycomb core market are Hexcel, Oerlikon Metco, Euro-Composites, Toray, Honicel, Arrow Dragon Metal Products, Argosy International, Axxion Group, ROTEC JSC, Preci-Spark, Quality Honeycomb, Indy Honeycomb, Plascore Inc, Beijing Ander, Honylite.
The industrial honeycomb core 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 Industrial Honeycomb Core 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 Industrial Honeycomb Core Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Industrial Honeycomb Core 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 Industrial Honeycomb Core 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 Industrial Honeycomb Core Market Size & Forecast, 2018-2028
4.5.1 Industrial Honeycomb Core Market Size and Y-o-Y Growth
4.5.2 Industrial Honeycomb Core Market Absolute $ Opportunity
Chapter 5 Global Industrial Honeycomb Core 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 Industrial Honeycomb Core Market Size Forecast by Type
5.2.1 Aluminum Honeycomb Core
5.2.2 Stainless Steel Honeycomb Core
5.2.3 Aramid Fiber Honeycomb Core
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Industrial Honeycomb Core 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 Industrial Honeycomb Core Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Aerospace
6.2.3 Railway
6.2.4 Industrial Gas Turbine (IGT)
6.2.5 Construction
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Industrial Honeycomb Core 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 Industrial Honeycomb Core 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 Industrial Honeycomb Core Analysis and Forecast
9.1 Introduction
9.2 North America Industrial Honeycomb Core 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 Industrial Honeycomb Core Market Size Forecast by Type
9.6.1 Aluminum Honeycomb Core
9.6.2 Stainless Steel Honeycomb Core
9.6.3 Aramid Fiber Honeycomb Core
9.6.4 Other
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 Industrial Honeycomb Core Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Aerospace
9.10.3 Railway
9.10.4 Industrial Gas Turbine (IGT)
9.10.5 Construction
9.10.6 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 Industrial Honeycomb Core Analysis and Forecast
10.1 Introduction
10.2 Europe Industrial Honeycomb Core 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 Industrial Honeycomb Core Market Size Forecast by Type
10.6.1 Aluminum Honeycomb Core
10.6.2 Stainless Steel Honeycomb Core
10.6.3 Aramid Fiber Honeycomb Core
10.6.4 Other
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 Industrial Honeycomb Core Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Aerospace
10.10.3 Railway
10.10.4 Industrial Gas Turbine (IGT)
10.10.5 Construction
10.10.6 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 Industrial Honeycomb Core Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Industrial Honeycomb Core 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 Industrial Honeycomb Core Market Size Forecast by Type
11.6.1 Aluminum Honeycomb Core
11.6.2 Stainless Steel Honeycomb Core
11.6.3 Aramid Fiber Honeycomb Core
11.6.4 Other
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 Industrial Honeycomb Core Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Aerospace
11.10.3 Railway
11.10.4 Industrial Gas Turbine (IGT)
11.10.5 Construction
11.10.6 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 Industrial Honeycomb Core Analysis and Forecast
12.1 Introduction
12.2 Latin America Industrial Honeycomb Core 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 Industrial Honeycomb Core Market Size Forecast by Type
12.6.1 Aluminum Honeycomb Core
12.6.2 Stainless Steel Honeycomb Core
12.6.3 Aramid Fiber Honeycomb Core
12.6.4 Other
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 Industrial Honeycomb Core Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Aerospace
12.10.3 Railway
12.10.4 Industrial Gas Turbine (IGT)
12.10.5 Construction
12.10.6 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) Industrial Honeycomb Core Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Industrial Honeycomb Core 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) Industrial Honeycomb Core Market Size Forecast by Type
13.6.1 Aluminum Honeycomb Core
13.6.2 Stainless Steel Honeycomb Core
13.6.3 Aramid Fiber Honeycomb Core
13.6.4 Other
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) Industrial Honeycomb Core Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Aerospace
13.10.3 Railway
13.10.4 Industrial Gas Turbine (IGT)
13.10.5 Construction
13.10.6 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 Industrial Honeycomb Core Market: Competitive Dashboard
14.2 Global Industrial Honeycomb Core Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Hexcel
14.3.2 Oerlikon Metco
14.3.3 Euro-Composites
14.3.4 Toray
14.3.5 Honicel
14.3.6 Arrow Dragon Metal Products
14.3.7 Argosy International
14.3.8 Axxion Group
14.3.9 ROTEC JSC
14.3.10 Preci-Spark
14.3.11 Quality Honeycomb
14.3.12 Indy Honeycomb
14.3.13 Plascore Inc
14.3.14 Beijing Ander
14.3.15 Honylite
