Market Overview:
The global honeycomb core materials market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lightweight and high-performance materials in various applications, such as aerospace, defense, marine, and others. In addition, the growing awareness about environmental protection has led to an increase in the use of honeycomb core materials made from sustainable resources such as aramid fiber and thermoplastic. However, volatility in raw material prices may restrain the growth of this market during the forecast period.
Product Definition:
A honeycomb core material is a lightweight, high-strength material used in the manufacturing of aircrafts and other vehicles. Honeycomb core materials are made from thin sheets of aluminum or plastic that are molded into hexagonal shapes and then glued together. The honeycomb shape makes the material very strong and lightweight, which is why it is often used in aircrafts and other vehicles.
Aramid Fiber:
Aramid fiber is a type of synthetic fiber that is produced from carbon compounds and glass. It has superior properties such as high tensile strength, excellent heat & flame resistance, chemical inertness and lightweight. These fibers are used in various end-use industries including defense, aerospace & automotive among others.
Aluminum:
Aluminum is a silvery-white metal that is found in the periodic table. It has the highest melting point of any metal and also has a high rate of thermal transfer. Aluminum alloys are widely used in aircraft, automobiles, and packaging due to their lightweight properties.
Application Insights:
The aerospace application segment led the global honeycomb core materials market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The growth can be attributed to increasing use of lightweight materials in aircraft manufacturing, which eventually leads to increased fuel efficiency and reduced carbon emissions.
Aerospace manufacturers are focusing on reducing aircraft weight as it has been proven that lighter aircraft produce more lift force, ascend higher and travel further with less fuel consumption than their heavier counterparts. This trend is expected to continue over the next few years thereby driving product demand in aerospace applications during this period of time.
Defense application segment accounted for 25% share of the overall revenue in 2017 owing to high strength Honeycomb material used for military purposes such as protective headgears, ballistic shields, bullet-resistant vests among others.
Regional Analysis:
North America dominated the global honeycomb core materials market in 2017. The growth of the regional market can be attributed to increasing demand for lightweight and strong materials with high strength-to-weight ratio. In addition, growing aerospace industry is expected to drive product demand over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to rapid industrialization and expansion of end-use industries such as automotive, defense, marine, and others in countries such as China, India, Japan, South Korea & Taiwan. Moreover; rising population coupled with increasing consumer disposable income levels will further propel product consumption in emerging economies of Asia Pacific region during the forecast period (2018 - 2030). Europe accounted for a significant share owing to increased military spending by various governments across European countries including Russia & France along with Germany are projecteded boost product demand over next eight years (2018 - 2030).
Growth Factors:
- Increasing demand from end-use industries: The global honeycomb core materials market is projected to grow at a CAGR of over 5% during the forecast period, owing to the increasing demand from end-use industries such as aerospace, automotive and construction.
- Rising investments in R&D: Key players in the honeycomb core materials market are investing heavily in R&D to develop new and innovative products that can cater to the needs of various end-use industries. This is expected to boost the growth of the market during the forecast period.
- Growing popularity of lightweight vehicles: The global trend towards lightweight vehicles is expected to fuel demand for honeycomb core materials in automotive applications during the forecast period. Honeycomb cores are being increasingly used in vehicle manufacturing as they offer weight savings as compared with traditional metal or plastic parts used for similar applications.
- Technological advancements: Ongoing technological advancements are resulting in better performance and higher efficiency of honeycomb core materials, which is driving their adoption across various end-use industries worldwide. For instance, recent advances have led to development of carbon fiber reinforced polymer (CFRP) honeycombs that offer superior mechanical properties as compared with traditional aluminum or steel based honeycombs cores.. this would further propel growth prospects for this market over next few years .
Scope Of The Report
Report Attributes
Report Details
Report Title
Honeycomb Core Materials Market Research Report
By Type
Aramid Fiber, Aluminum, Stainless Steel, Thermoplastic, Others
By Application
Aerospace, Defense, Marine, Others
By Companies
Tricel Honeycomb, MachineTek, Coast-Line International, SDG Hollow Metal, Panel Built, Prime Laminating, Pacific Marine Systems, Koshii Maxelum America, Plascore, Hexcel
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
249
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Honeycomb Core Materials Market Report Segments:
The global Honeycomb Core Materials market is segmented on the basis of:
Types
Aramid Fiber, Aluminum, Stainless Steel, Thermoplastic, Others
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
Aerospace, Defense, Marine, 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:
- Tricel Honeycomb
- MachineTek
- Coast-Line International
- SDG Hollow Metal
- Panel Built
- Prime Laminating
- Pacific Marine Systems
- Koshii Maxelum America
- Plascore
- Hexcel
Highlights of The Honeycomb Core 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:
- Aramid Fiber
- Aluminum
- Stainless Steel
- Thermoplastic
- Others
- By Application:
- Aerospace
- Defense
- Marine
- 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 Core 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 Core Materials is a new material that Google has been working on for years. It's a type of plastic that can be folded and shaped like paper, but it can also withstand high temperatures and pressures.
Some of the key players operating in the honeycomb core materials market are Tricel Honeycomb, MachineTek, Coast-Line International, SDG Hollow Metal, Panel Built, Prime Laminating, Pacific Marine Systems, Koshii Maxelum America, Plascore, Hexcel.
The honeycomb core materials market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Honeycomb Core Materials Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Honeycomb Core Materials Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Honeycomb Core Materials Market - Supply Chain
4.5. Global Honeycomb Core Materials Market Forecast
4.5.1. Honeycomb Core Materials Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Honeycomb Core Materials Market Size (000 Units) and Y-o-Y Growth
4.5.3. Honeycomb Core Materials Market Absolute $ Opportunity
5. Global Honeycomb Core Materials Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Honeycomb Core Materials Market Size and Volume Forecast by Type
5.3.1. Aramid Fiber
5.3.2. Aluminum
5.3.3. Stainless Steel
5.3.4. Thermoplastic
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Honeycomb Core Materials Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Honeycomb Core Materials Market Size and Volume Forecast by Application
6.3.1. Aerospace
6.3.2. Defense
6.3.3. Marine
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Honeycomb Core Materials Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Honeycomb Core Materials Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Honeycomb Core Materials Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Honeycomb Core Materials Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Honeycomb Core Materials Demand Share Forecast, 2019-2029
9. North America Honeycomb Core Materials Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Honeycomb Core Materials Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Honeycomb Core Materials Market Size and Volume Forecast by Application
9.4.1. Aerospace
9.4.2. Defense
9.4.3. Marine
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Honeycomb Core Materials Market Size and Volume Forecast by Type
9.7.1. Aramid Fiber
9.7.2. Aluminum
9.7.3. Stainless Steel
9.7.4. Thermoplastic
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Honeycomb Core Materials Demand Share Forecast, 2019-2029
10. Latin America Honeycomb Core Materials Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Honeycomb Core Materials Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Honeycomb Core Materials Market Size and Volume Forecast by Application
10.4.1. Aerospace
10.4.2. Defense
10.4.3. Marine
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Honeycomb Core Materials Market Size and Volume Forecast by Type
10.7.1. Aramid Fiber
10.7.2. Aluminum
10.7.3. Stainless Steel
10.7.4. Thermoplastic
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Honeycomb Core Materials Demand Share Forecast, 2019-2029
11. Europe Honeycomb Core Materials Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Honeycomb Core Materials Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Honeycomb Core Materials Market Size and Volume Forecast by Application
11.4.1. Aerospace
11.4.2. Defense
11.4.3. Marine
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Honeycomb Core Materials Market Size and Volume Forecast by Type
11.7.1. Aramid Fiber
11.7.2. Aluminum
11.7.3. Stainless Steel
11.7.4. Thermoplastic
11.7.5. Others
11.8. Bais Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Honeycomb Core Materials Demand Share, 2019-2029
12. Asia Pacific Honeycomb Core Materials Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Honeycomb Core Materials Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Honeycomb Core Materials Market Size and Volume Forecast by Application
12.4.1. Aerospace
12.4.2. Defense
12.4.3. Marine
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Honeycomb Core Materials Market Size and Volume Forecast by Type
12.7.1. Aramid Fiber
12.7.2. Aluminum
12.7.3. Stainless Steel
12.7.4. Thermoplastic
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Honeycomb Core Materials Demand Share, 2019-2029
13. Middle East & Africa Honeycomb Core Materials Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Honeycomb Core Materials Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Honeycomb Core Materials Market Size and Volume Forecast by Application
13.4.1. Aerospace
13.4.2. Defense
13.4.3. Marine
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Honeycomb Core Materials Market Size and Volume Forecast by Type
13.7.1. Aramid Fiber
13.7.2. Aluminum
13.7.3. Stainless Steel
13.7.4. Thermoplastic
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Honeycomb Core Materials Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Honeycomb Core Materials Market: Market Share Analysis
14.2. Honeycomb Core Materials Distributors and Customers
14.3. Honeycomb Core Materials Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Tricel Honeycomb
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. MachineTek
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Coast-Line International
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. SDG Hollow Metal
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Panel Built
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Prime Laminating
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Pacific Marine Systems
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Koshii Maxelum America
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Plascore
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Hexcel
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
