Honeycomb Core Materials Market Size, Share, Leading Players and Analysis up to 2026

The Honeycomb Core Materials Market report published by Stratview Research offers wide-ranging analysis of key growth strategies, drivers, opportunities, key segments, and competitive landscape, etc. This detailed study is a useful source of information for prominent market players, new entrants, investors, and stakeholders to gain a thorough understanding of the market and determine measures to be taken to gain a competitive advantage.

Some key takeaways from this report –
The report offers key drivers that trigger the growth in the Honeycomb Core Materials Market. The insights mentioned in this report helps market players in formulating strategies to gain market presence or to sustain during the hard times. The research also mentions restraints of the market. Critical data on growth opportunities, current and upcoming trends are mentioned to assist market players in taking further steps by determining the potential in untapped regions.

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The research offers segment wise analysis of the Honeycomb Core Materials Market. Extensive analysis of sales, revenue, growth rate, and market share of each for the historic period and the forecast period is offered with the help of tables, graphs, pie charts and more.

Honeycomb Core Materials Market Share by End-Use Industry Type
Based on the end-use industry type, the market is segmented as aerospace & defense, ground transportation, marine, and others. Aerospace & defense is expected to remain the dominant segment of the honeycomb core market during the forecast period. An expected recovery in commercial aircraft production, expected entries of COMAC and Irkut, B737 MAX’s approval from FAA and other bodies, and increasing penetration of lightweight materials are some of the factors to drive the demand for honeycomb core in the segment in the foreseen future.

Marine and ground transportation are two other major markets for honeycomb core materials. Both these markets are extremely cost-sensitive and prefer core materials that are lower in cost. Foam core, especially PVC, PET, and SAN, are the most preferred core materials in these industries. Balsa core is also used in these industries.

Honeycomb Core Materials Market Share by Material Type
Based on the material type, the market is segmented into Nomex honeycomb, Kevlar honeycomb, aluminum honeycomb, thermoplastic honeycomb, and others. Nomex honeycomb core is expected to remain the most dominant material type in years to come. Nomex honeycomb offers several advantages including excellent properties (high strength to weight ratio and higher stiffness), thermal resistance, and corrosion resistance. Nomex honeycomb is mostly used in aircraft interior panels, such as floors, overhead stowage bins, galleys, and partitions; automotive interior body panels; and high-performance parts in other industries. In the post-pandemic scenario, Nomex honeycomb and thermoplastic honeycomb are estimated to recover at a faster pace and then maintain sequential growth till 2025.

Regional Insights
The market is registering significant changes in regional dynamics in pre-COVID and post-COVID scenarios. All regions to mark significant declines in honeycomb core demand in 2020. Despite severely hit by the pandemic, among regions, North America is expected to remain the largest market during the forecast period. The USA is expected to act as the growth engine of the region’s market as the country is the manufacturing hub with the presence of several OEMs of aerospace, automotive, and marine.

Europe and Asia-Pacific are the other major markets and are also likely to experience hefty declines in the demand for honeycomb cores in 2020. The Asia-Pacific’s market is anticipated to witness the least decline in the demand for honeycomb core materials and is expected to recover at the fastest pace compared to other regions. The region's demand will be driven by a host of factors including an expected increase in the demand for commercial aircraft to support rising passenger traffic, the opening of assembly plants of Boeing and Airbus in China; upcoming indigenous commercial and regional aircraft (COMAC C919 and Mitsubishi SpaceJet); increasing automobile production; and increased presence of major global players and raw material suppliers. China, Japan, and India are projected to be the growth engines of the region’s market.

Key Players
The following are the key players in the Honeycomb Core Materials Market-
• Hexcel Corporation
• Euro-Composites
• The Gill Corporation
• Plascore
• Toray Advanced Composites
• Showa Aircraft Industry Co. Ltd.
• Argosy International
• AVIC Composite Corporation Ltd.

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