The honeycomb core material is a synthetic structure that resembles a honeycomb. Aerospace-grade honeycomb core materials are progressively replacing conventional materials such as laminated panels and aluminium sheets due to their high strength and lightweight qualities. The material is increasingly being used in the production of aerospace components like as antennas, fuselage pieces, aircraft flooring, and helicopter blades. They have extensive applications in transportation, construction, and infrastructure.
Global Honeycomb Core Materials Market Driving Factors and Challenges
The growing market for honeycomb core materials, as well as the increasing usage of aluminium and paper as a solution, are the major reason expected to drive hexagonal demand in the industry. Increased demand for paper, aramid fibre, and aluminium in end-user marine and transportation applications are further boosting market expansion. The growing market for lightweight, fuel-efficient automobiles is also driving the development of novel materials with lightweight, high strength qualities. Diffusers, spoilers, flooring, internal body panels, and chassis components are among the many applications for the substance. Furthermore, increased demand from Boeing and Airbus, as well as major commercial improvements, are expected to accelerate the expansion of the global market for honeycomb core materials. There are various constraints and problems that will impede the market's overall expansion.
The honeycomb's ability to absorb water and moisture, as well as the structural restrictions of honeycomb core materials, limit the market. The main disadvantage of honeycomb core materials is their high cost. As a result, the product is prohibitively expensive, limiting its widespread acceptability across end-use industries. Furthermore, aluminium honeycomb cores are susceptible to stress corrosion cracking in a highly corrosive environment, and moisture absorption by honeycomb's open cell architectures, and structural constraints of honeycomb core materials are all potential market hurdles. Regardless, the usage of recyclable products.
Impact of COVID-19 on Global Honeycomb Core Materials Market
Due to supply chain disruption and government-imposed lockdown measures, the COVID-19 outbreak has interrupted industrial activities in the automotive, aerospace, and defence industries, resulting in a global decline in demand for honeycomb core materials. During the predicted period, North America had the greatest market size in terms of consumption.
Honeycomb Core Materials Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Fabrinox, Argosy International, Schtz GmbH & Co. KGaA, TCCORE APPLIED HONEYCOMB TECHNOLOGY CO., LTD., The Gill Corporation, Hexcel Corporation, Toray Advanced Composites, Corex Honeycomb, Plascore, , Showa Aircraft Industry Co., Ltd,.
Global Honeycomb Core Materials Market Segmentation:
By Type: Based on the Type, Global Honeycomb Core Materials Market is segmented as; Aluminium Core, Aramid Core, Paper, Thermoplastics, Others.
By End Use Industry: Based on the End Use Industry, Global Honeycomb Core Materials Market is segmented as; Packaging, Aerospace and Defense, Construction and Infrastructure, Automotive, Others.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report