Press release
What are the factors driving the Nomex Honeycomb Market trends by 2025? Advanced Honeycomb Technologies Corp, The Gill Corporation, Honylite, TRB Lightweight Structures Limited, Hexcel Corporation
Nomex Honeycomb Market
Europe is expected to contribute significantly owing to its rising focus on R&D and consistently developing defense sector which will help nomex honeycomb market size to attain higher gains by 2024. In addition, Asia Pacific shall observe maximum gains over the forecast timeframe on account of positive growth indicators in the end-user segments including automotive, aerospace, etc.
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Global Nomex Honeycomb Market size is escalating and is projected to attain healthy CAGR during the forecast period. Nomex honeycomb structures are light weight and provide additional strength to components used across various end-user industries such as aerospace, defence, electrical, transportation, sporting goods, etc.
The product helps in designing components which can withstand extreme operating conditions including shock, high stress and impact load. Furthermore, it is cost efficient as they possess negligible maintenance cost owing to its superior corrosion resistant which results in reducing overall cost and increasing average life span.
The Nomex Honeycomb Market Report Consists of,
1. Methodology and Scope
2. Executive Summary
3. Nomex Honeycomb Industry Insights
3.1 Industry segmentation
3.2. Industry size, forecast and growth expectations, 2019 - 2025
3.3. Industry ecosystem analysis
3.4. Raw material insights
3.5. Technology insights
3.6. Regulatory framework
3.7. Industry dynamics
3.8. Key growth opportunities
3.9. Porter's analysis
3.10. Company market share, 2019
3.11. PESTEL analysis
3.14. Regional price trends
4. Nomex Honeycomb Product Insights
5. Nomex Honeycomb Application Insights
6. Nomex Honeycomb Regional Insights
7. Competitor Profiles
Browse Complete Report Summary @ https://www.gminsights.com/industry-analysis/nomex-honeycomb-market
The nomex honeycomb market size is segmented based on application into aerospace, defense, marine, railway & automobile transportation and others (sporting goods, flame & electrical insulation, etc.).
In transportation, the product is used in manufacturing marine composites as it helps in providing superlative balance for stiffness, strength and light weight, which will subsequently help in attaining exceptional quality and performance of ships, boats and marine structures. Marine industry is thriving and is expected to grow at a CAGR of over 5% in the coming years which will have positive impact on the nomex honeycomb market size by 2024.
Furthermore, the product has widespread applications in building rail structures including rail car floors, doors, ceilings and bulkheads which helps in achieving high speed with reduced environmental impact, lighter weight and excellent mechanical strength. Increasing global population has resulted in growing need for effective railway infrastructure which will boost the nomex honeycomb market size by 2024.
The product has various other applications including manufacturing protective equipment including jacket, suits, gloves, helmet, etc. for people engaged in risky professions. Increasing government initiatives to ensure safety of working personnel in firefighting industry, military pilots, racing car drivers is likely to drive the nomex honeycomb market size over the projected timespan.
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Key global nomex honeycomb market share contributors are Advanced Honeycomb Technologies Corp, The Gill Corporation, Honylite, TRB Lightweight Structures Limited, Hexcel Corporation, Plascore Inc., Royal TenCate N. V., DuPont, Professional Plastics, CEL Components, Tasuns Composite Technology Co., Ltd, Technical Composite Corporation, Kineco Private Limited, Fibermax Composites and Euro-Composites S.A. The aforementioned key players are seeking to extend their product portfolio to attain competitive advantage in the global market.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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