Honeycomb Core Materials Market Growth, Size, Trends, Revenue, Share, Scope and Future Outlook
Honeycomb Core Materials Market Size- By Type, By End Use Industry- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Nov-2023 | Report ID: CHEM23105 | Pages: 1 - 234 | Formats*: |
| Category : Chemical & Materials | |||
Honeycomb Core Materials Market Introduction and Overview
According to SPER Market Research, the Global Honeycomb Core Materials Market is estimated to reach USD 5.62 billion by 2033 with a CAGR of 8.01%.
The report includes an in-depth analysis of the Global Honeycomb Core Materials Market, including market size and trends, product mix, Applications, and supplier analysis. Honeycomb core material is created by expanding and crumbled composite materials such as glass-reinforced plastic, aluminium, meta-aramid, and paper. Honeycomb cores are created by assembling a large number of hexagon-shaped cells into a honeycomb structure. They have been utilised for several decades to produce composite sandwich constructions because they give stiffness with minimal weight. As a result, honeycomb core materials are used in a variety of industries, including aerospace and defence, construction and infrastructure, automotive, marine, railway, and industrial.
- 2022: FITS Air is being developed to TRL 6 technology readiness level, with panels of 1.28 m x 1.48 m and ideal mechanical qualities.
- 2021: Hexcel Corp. (Stamford, Conn.) and Metyx Composites (Istanbul, Turkey) have formed a collaboration to manufacture high-performance carbon fibre pultruded profiles for the wind energy sector utilising polyurethane (PU) resin and unidirectional (UD) carbon fibre.
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Market Opportunities and Challenges
Fast-paced infrastructure growth and the automobile industry's expansion have increased iron and steel production in developed and developing nations like the United States, China, and India. This has increased demand for honeycomb core materials, which are used in thermal insulation, floors, window panels, and acoustic ceilings. Furthermore, the modern theme-based architecture and construction industry is expanding, which has increased demand for honeycomb core materials. As a result, manufacturing facilities may see a spike in demand. These elements are anticipated to have a significant impact on the market expansion for honeycomb core materials.
In Addition, as the need for renewable energy sources like wind and solar power grows, honeycomb core materials might help improve the efficiency and performance of related equipment. They can be used to provide lightweight and robust solutions in wind turbine blades, solar panel supports, and energy storage systems. This feature is expected to provide the industry with profitable chances. 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, limiting their applicability in the marine industry.
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Market Competitive Landscape
A huge number of multinational manufacturers dominate the worldwide honeycomb core materials market. The industry participants are concentrating their efforts on generating highly customised products to fulfil the individual demands of the various end-use industries. Furthermore, industry participants are collaborating and forming joint ventures to develop newer, better products. Some of the key players are - fabrinox, Argosy International, Schtz GmbH & Co. KGaA, TCCORE APPLIED HONEYCOMB TECHNOLOGY CO., LTD., The Gill Corporation, Hexcel Corporation, Toray Advanced Composites, Corex Honeycomb, Plascore, Honylite, Showa Aircraft Industry Co., Ltd, Euro-Composites, RelCore Composites Inc.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type, By End Use Industry |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| Companies Covered | 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, |
COVID-19 Impact on Global Honeycomb Core Materials Market
The worldwide market for honeycomb core materials was adversely affected by the COVID-19 epidemic. In addition, the COVID-19 outbreak and the lockdown and supply chain disruption that occurred in the second quarter of 2020 had a negative effect on the building and construction sector, which in turn had hurt the demand for honeycomb core materials. Also, Customer income declines and international travel limitations reduced demand for honeycomb core materials in the automotive, aerospace, commercial, and industrial sectors.
Key Target Audience
- Manufacturers and Suppliers
- End-User Industries
- Research and Development Organizations
- Regulatory Authorities
- Architects and Designers
- Engineering and Manufacturing Companies
- Trade Associations and Industry Groups
- Consumers
- Others
Our in-depth analysis of the Honeycomb Core Materials Market includes the following segments:
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| By End Use Industry: |
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| By Region: |
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Key Topics Covered in the Report
- Global Honeycomb Core Materials Market Size (FY’2023-FY’2033)
- Overview of Global Honeycomb Core Materials Market
- Segmentation of Global Honeycomb Core Materials Market By Type (Aluminium Core, Aramid Core, Paper, Thermoplastics, Others)
- Segmentation of Global Honeycomb Core Materials Market By End Use Industry (Packaging ,Aerospace and Defense, Construction and Infrastructure, Others)
- Statistical Snap of Global Honeycomb Core Materials Market
- Expansion Analysis of Global Honeycomb Core Materials Market
- Problems and Obstacles in Global Honeycomb Core Materials Market
- Competitive Landscape in the Global Honeycomb Core Materials Market
- Impact of COVID-19 and Demonetization on Global Honeycomb Core Materials Market
- Details on Current Investment in Global Honeycomb Core Materials Market
- Competitive Analysis of Global Honeycomb Core Materials Market
- Prominent Players in the Global Honeycomb Core Materials Market
- SWOT Analysis of Global Honeycomb Core Materials Market
- Global Honeycomb Core Materials Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Honeycomb Core Materials Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Honeycomb Core Materials Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Honeycomb Core Materials Market
7. Global Honeycomb Core Materials Market, By Type (USD Million)
7.1. Global Honeycomb Core Materials Market Value Share and Forecast, By Type, 2023-20337.2. Aluminium Core7.3. Aramid Core7.4. Paper7.5. Thermoplastic7.6. Others
8. Global Honeycomb Core Materials Market, By End Use Industry (USD Million)
8.1. Global Honeycomb Core Materials Market Value Share and Forecast, By End Use Industry, 2023-20338.2. Packaging8.3. Aerospace and Defense.8.4. Construction and Infrastructure8.5. Automotives
9. Global Honeycomb Core Materials Market Forecast, 2019-2033 (USD Million)
9.1. Global Honeycomb Core Materials Market Size and Market Share
10. Global Honeycomb Core Materials Market, By Type, 2019-2033 (USD Million)
10.1. Global Honeycomb Core Materials Market Size and Market Share By Type (2019-2026)10.2. Global Honeycomb Core Materials Market Size and Market Share By Type (2027-2033)
11. Global Honeycomb Core Materials Market, By End Use Industry, 2019-2033 (USD Million)
11.1. Global Honeycomb Core Materials Market Size and Market Share By End Use Industry (2019-2026)11.2. Global Honeycomb Core Materials Market Size and Market Share By End Use Industry (2027-2033)
12. Global Honeycomb Core Materials Market, By Region, 2019-2033 (USD Million)
12.1. Global Honeycomb Core Materials Market Size and Market Share By Region (2019-2026)12.2. Global Honeycomb Core Materials Market Size and Market Share By Region (2027-2033)12.3. Asia-Pacific12.3.1. Australia12.3.2. China12.3.3. India12.3.4. Japan12.3.5. South Korea12.3.6. Rest of Asia-Pacific12.4. Europe12.4.1. France12.4.2. Germany12.4.3. Italy12.4.4. Spain12.4.5. United Kingdom12.4.6. Rest of Europe12.5. Middle East and Africa12.5.1. Kingdom of Saudi Arabia12.5.2. United Arab Emirates12.5.3. Rest of Middle East & Africa12.6. North America12.6.1. Canada12.6.2. Mexico12.6.3. United States12.7. Latin America12.7.1. Argentina12.7.2. Brazil12.7.3. Rest of Latin America
13. Company Profile
13.1. Fabrinox
13.1.1. Company details13.1.2. Financial outlook13.1.3. Product summary13.1.4. Recent developments
13.2. Argosy International
13.2.1. Company details13.2.2. Financial outlook13.2.3. Product summary13.2.4. Recent developments
13.3. Schtz GmbH & Co. KGaA
13.3.1. Company details13.3.2. Financial outlook13.3.3. Product summary13.3.4. Recent developments
13.4. TCCORE APPLIED HONEYCOMB TECHNOLOGY CO., LTD
13.4.1. Company details13.4.2. Financial outlook13.4.3. Product summary13.4.4. Recent developments
13.5. The Gill Corporation
13.5.1. Company details13.5.2. Financial outlook13.5.3. Product summary13.5.4. Recent developments
13.6. Hexcel Corporation
13.6.1. Company details13.6.2. Financial outlook13.6.3. Product summary13.6.4. Recent developments
13.7. Toray Advanced Composites
13.7.1. Company details13.7.2. Financial outlook13.7.3. Product summary13.7.4. Recent developments
13.8. Corex Honeycomb
13.8.1. Company details13.8.2. Financial outlook13.8.3. Product summary13.8.4. Recent developments
13.9. Plascore
13.9.1. Company details13.9.2. Financial outlook13.9.3. Product summary13.9.4. Recent developments
13.10. Showa Aircraft Industry Co., Ltd
13.10.1. Company details13.10.2. Financial outlook13.10.3. Product summary13.10.4. Recent developments
13.11. Others
14. List of Abbreviations
15. Reference Links
16. Conclusion
17. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Honeycomb Core Materials Market is projected to reach USD 5.62 billion by 2033, growing at a CAGR of 8.01% during the forecast period.
Honeycomb Core Materials Market grew in market size from 2022. The Market is expected to reach USD 5.62 billion by 2033, at a CAGR of 8.01% during the forecast period.
Honeycomb Core Materials Market CAGR of 8.01% during the forecast period.
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What is the market size of the Honeycomb Core Materials Market? Honeycomb Core Materials Market size is USD 5.62 billion from 2023 to 2033.
Honeycomb Core Materials Market Segment is covered By Type, By End Use Industry.
The North America is anticipated to have the highest market share in the Honeycomb Core Materials Market.
The key players in the market include Companies Covered 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.
Honeycomb core material is created by expanding and crumbled composite materials such as glass-reinforced plastic, aluminium, meta-aramid, and paper.
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