openPR Logo
Press release

Aramid Honeycomb Market share set to gain lucrative proceeds through 2026

05-19-2021 02:03 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: global market insights

Aramid Honeycomb Market

Aramid Honeycomb Market

The global aramid honeycomb market is propelled by an increase in production across the aviation sector in the light of surging demand for air travel. Restrictions imposed on international travel by various governments as part of steps for curbing the spread of the COVID-19 pandemic are expected to impact industry expansion through the coming years.

However, with the lifting of these restrictions for economic revival, several industry players have started adopting product launch and collaborative strategies for gaining a competitive edge over other participants. For instance, in September 2020, Toray Advanced Composites, Bostik, and EconCore announced that they had developed a thermoplastic honeycomb core sandwich panel that will be deployed across applications in mass transportation, comprising aircraft interiors.

Request for a sample copy of this report @

The purpose of the partnership was the provision of a sustainable offering to more labor-intensive and expensive fabrication of parts on the basis of a traditional sandwich layup. This layup is presently utilized in the aerospace sector, similar to that of phenolic prepreg skins.

Therefore, the coming years are set to foresee considerable demand for aramid honeycomb panels, owing to such advancements. On this note, the aramid honeycomb market size is anticipated to surpass USD 314.8 million by 2026, cites the latest research by Global Market Insights, Inc.

This rise is attributed to the growing deployment of lightweight high-strength composite materials across numerous end-user industries. Various aramid honeycomb properties have also been instrumental in the escalating product demand in aerospace composite panels. The market is expected to gain remarkable traction as the retirement of old fleet aircraft will force airlines for the procurement of new-generation aircraft.

To consider a few latest trends, the aramid honeycomb market is witnessing a high demand for Nomex honeycomb, which recorded a share of over 70% in 2019. This contribution is attributed to its large application across the commercial and aerospace sectors. As compared to other aramid and composite types, Nomex honeycomb is available at a low cost. This, along with its high performance will impel the demand for aramid honeycomb material through the forthcoming years.

Another prominent trend driving industry growth is the extensive usage of the product in numerous aircraft sandwich panels. The product adoption is propelled by a rise in the demand for fighter and commercial aircraft. The aerospace segment recorded a dominating market share in 2019 and is poised to expand at an appreciable CAGR of 9% between 2020 and 2026.

Request for customization @

Citing the growth prospects through the ensuing years, the aramid honeycomb market has witnessed an increased demand for para-aramid honeycomb products over the past ten years. This is on account of their processing applications across the aerospace industry. The para-aramid honeycomb products are anticipated to reach a valuation of USD 85 million by 2026. The market is expected to be driven by the surging adoption of these products across the aviation sector.

However, the market is expected to face challenges from fluctuations in the prices of raw materials. In addition, higher product prices are also likely to hinder industry growth through 2026.
In a nutshell, escalating defense expenditure across major economies and high demand for new generation fighter aircraft will augment aramid honeycomb market size through the forecasted span.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Toll Free: 1-888-689-0688

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.

This release was published on openPR.

Permanent link to this press release:

Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Aramid Honeycomb Market share set to gain lucrative proceeds through 2026 here

News-ID: 2286740 • Views: 194

More Releases from global market insights

Acoustic Diaphragm Market slated to observe traction for polypropylene material …
With a seismic rise in the demand for consumer products such a loudspeakers, mobile phones and earphones, acoustic diaphragm market size is slated to surge in the next five years. Notably, acoustic diaphragm tends to inter-convert mechanical vibration to sounds and has become highly popular in headphones and speakers. Market penetration of materials such as paper, polycarbonate, polypropylene, carbon fiber and aluminum has become more pronounced in the past several
How will increasing demand for stainless steel transform the Ferroalloys Market …
One of the recent breakthroughs in the global ferroalloys market is the potential acquisition of Ferro Alloys Corporation by Vedanta- a natural resource company early this year. As per reliable sources, the acquisition is expected to complement Vedanta’s current steel business considering the fact that integration of Ferro manufacturing capabilities would offer the possibility to generate significant efficiencies. Meanwhile, yet other company, Boston Metal has declared having raised over USD 20
Polyphenylsulfone Market 2021 | Regional Insights & Growth Forecast To 2025
The polyphenylsulfone market will witness significant expansion with the rise in healthcare concerns and the growing requirement for biocompatible products. Polyphenylsulfone is a high-performance thermoplastic that is amorphous, heat-resistant, and transparent. It showcases high sterilization properties and is widely employed as an alternative for polyetheretheketone and polyaryletherketone. Furthermore, the polymer sees large adoption across various verticals of the healthcare sector to offer superior dimensional stability and higher resistance against
Cosmetic Contact Lens Market 2021: Industry Growth, Competitive Analysis, Future …
Increasing trend of using colored contact lenses may have a positive impact on cosmetic contact lens market outlook. Rising popularity of customized lenses with attractive colors, shades and textures for improving eye appearance is likely to propel industry size. Proliferation of entertainment, online and social media platforms are helping boost the adoption of such lenses. Cosmetic contact lenses are available in several colors such as blue, green, brown, hazel, grey, violet

All 5 Releases

More Releases for Aramid

Aramid Fiber Paper Market Checkout the Unexpected Future 2025 | Key Players: DuP …
A new business intelligence report released by Up Market Research on “Global Aramid Fiber Paper Market”. Report provides a comprehensive market analysis with future prospects to 2026. Report focuses on the major drivers and restraints providing analysis of the market share, segmentation, revenue forecasts and geographic regions of the market. Get Exclusive Free Sample Copy Of This Report @ The report contains 116 pages which highly exhibit on current market analysis
Aramid Fiber Market (Para-Aramid Fiber, Meta-Aramid Fiber) by Type, Application …
The aramid fiber market ( is projected to grow from USD 3.28 billion in 2018 to USD 5.78 billion by 2024, at a CAGR of 9.9%. The increasing demand for lightweight materials for automotive components owing to stringent environmental and emission regulations is expected to drive the market in the automotive industry. In addition, the demand for lightweight and flexible materials for body armor, firefighting equipment, bulletproof vests, helmets, and
Aramid Paper 2018 Global Industry Key Players - DuPont , Teijin Aramid , Shenzh …
World Aramid Paper Market Executive Summary  Aramid Paper market research report provides the newest industry data and industry future trends, allowing you to identify the products and end users driving revenue growth and profitability.  The industry report lists the leading competitors and provides the insights strategic industry analysis of the key factors influencing the market.  The report includes the forecasts, analysis and discussion of important industry trends, market size, market share estimates and profiles
Aramid Prepreg Market Release Report : 2017-2022
Reports And Markets Publish a New Market Research Report On –"Aramid Prepreg Market - Segmented By Type, End-User Industry And Geography - Trends And Forecasts (2017 - 2022)" Access Full Report With Table Of Contents @ The global aramid prepreg market has been estimated at USD XXXX million in 2015 and is projected to reach USD XXX million by 2020, at a CAGR of XX% during the forecast period
Global Aramid Fibre Market Research Report 2017
Aramid Fibre Market :Global Industry Analysis,Capacity,Production,Price ,Revenue, Size, Share, Growth, Trends, and Forecasts 2017-2022 Aramid Fibre Market:Overview:The Global Aramid Fibre Industry 2017 Market Research Report is an expert and inside and out review on the momentum condition of the Aramid Fibre business. Request Sample Report: Right off the bat, the report gives an essential outline of the business including definitions, groupings, applications and industry chain structure. The Aramid Fibre showcase investigation
2017-2022 Global Top Countries Aramid Market
Email for report at : Market Research Report Store(MRRS) adds "2017-2022 Global Top Countries Aramid Market" latest studies, published in March 2017. It is a professional and in-depth study. Scope of the Report: This report studies Aramid in Global market, especially in United States, Canada, Mexico, Germany, France, UK, Italy, Russia, China, Japan, India, Korea, Southeast Asia, Australia, Brazil, Middle East and Africa, focuses on the top Manufacturers in each country, covering Dupont Teijin Yantai