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Honeycomb Sandwich Material Market Key players are Hexcel Corporation, Pacific Panels Inc., COREX-Honeycomb, The Gill Corporation, 3A Composites Holding AG, EconCore, Samia Canada Inc., Liming Honeycomb Composites Co. Ltd., Guangzhou Aloya Renoxbell Alumi

04-15-2019 08:31 PM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Honeycomb Sandwich Material Market Key players are Hexcel

Honeycomb Sandwich Material Market Report, published by Allied Market Research, forecasts that the global market is expected to garner $760.1 million by the year 2022, registering a CAGR of 10.0% during the period 2016 - 2022. The global demand for honeycomb sandwich materials has gained traction owing to its superior mechanical performance and lightweight property. Among the type of materials used for honeycomb structures, the aluminum segment accounted for over one-third of the overall market in 2015, owing to its low cost and high tensile strength.

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Honeycomb sandwich is used specifically in applications that involve high strength-to-weight ratio, high stiffness-to-weight ratio, and corrosion resistance. These materials are applicable in aerospace & aircraft, automotive, satellites, trains, and others including the cleanroom industry and marine sectors. In the year 2015, the honeycomb sandwich materials market witnessed significant growth and is expected to maintain this trend during the forecast period due to its growing demand in the aforementioned industries.

The key factors that drive the honeycomb market are an increase in the production of aircraft and heavy investments in satellite manufacturing globally. However, honeycomb sandwich materials market is capital-intensive, which limits its consumption in end-use applications, namely consumer electronics and automotive industries.

Expansion technique accounted for the majority share in 2015 and is expected to maintain its dominance from 2016 to 2022. However, the extrusion technique is expected to grow with the highest CAGR of 10.5% from 2016 to 2022.

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Key Findings of Honeycomb Sandwich Materials Market
• North America is expected to continue dominating the honeycomb sandwich materials market, accounting for more than two-fifths of the market size by 2022.
• Aluminum honeycomb sandwich material segment accounted for the largest share in 2015.
• Rail application segment is expected to grow at the highest CAGR of 13.8% during the forecast period.
• Expansion technique, among the honeycomb panel manufacturing technologies, accounted for the highest share in 2015.
• LAMEA is expected to be the fastest growing region during the forecast period.

North America and Europe collectively accounted for about 70% share of the global honeycomb sandwich materials market in 2015 and is expected to maintain its dominance throughout the forecast period. This is attributed to the rise in the applications of satellites, commercial and defense aircraft, automobiles, and trains in these regions, thereby increasing the demand for honeycomb sandwich. However, LAMEA is projected to be the fastest growing segment due to growing investments in the aircraft and satellite manufacturing industry.

The key players profiled in this report are Hexcel Corporation, Pacific Panels, Inc., COREX-Honeycomb, The Gill Corporation, 3A Composites Holding AG, EconCore, Samia Canada, Inc., Liming Honeycomb Composites Co., Ltd., Guangzhou Aloya Renoxbell Aluminum Co., Ltd, Benecor, Inc., and 3M Company.

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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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