Honeycomb Core Materials Market is Forecasted to Reach US$ 645.5 million in 2030, Says Stratview Research

The global honeycomb core materials market is projected to witness a growth rate of 5.2% annually from 2024 to 2030, with an anticipated size of US$ 645.5 million by 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global honeycomb core materials market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/775/honeycomb-core-materials-market.html#form

Report Highlights:
Market Size in 2030: US$ 645.5 million
Growth (CAGR): 5.2% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 3
Number of Tables & Graphs: 100+

Segment Insights on the Honeycomb Core Materials Market:
The global honeycomb core materials market is segmented based on material type, end-use industry type, and region.

Based on 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 2030.

Based on the end-use industry type - The market is segmented into aerospace & defense, ground transportation, marine, and others. Aerospace & defense is expected to remain the dominant segment of the honeycomb core materials market during the forecast period. An expected ramp-up in production rates of key aircraft programs, such as the A320 family, B737Max, A350XWB, and B787, market entry of COMAC C919, B777x, and A321XLR, 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 cores. 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.

To know the most attractive segments, visit:
https://www.stratviewresearch.com/775/honeycomb-core-materials-market.html

Which Region Shows the Most Promising Growth Forecast and Opportunity?

The analysis suggests that North America is expected to remain the largest market during the forecast period. This growth outlook is majorly attributed to the following-
- The USA is 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.
- The Asia-Pacific's market is anticipated to witness the least decline in the demand for honeycomb cores 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; indigenous commercial aircraft (COMAC C919); 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.

Honeycomb Core Materials Market Drivers:

Some of the key drivers listed in the report are given below.
- Increasing demand for high-speed and metro trains.
- Rise in the production rates of key aircraft programs.
- Increase in recreational fiberglass boat sales.

Top Companies in the Honeycomb Core Materials Market:
Stratview Research has identified the following companies as the top market players (Based on Dominance).
• Hexcel Corporation
• Euro-Composites Corporation
• The Gill Corporation
• Schütz GmbH & Co. KGaA
• Plascore, Inc.
• Toray Advanced Composites
• Showa Aircraft Industry Co. Ltd.
• Argosy International Inc.
• AVIC Composite Corporation Ltd.

What Unique Insights Does this Report Offer?

This report provides comprehensive insights into the Honeycomb Core Materials Market, answering critical questions like:

• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:

• Nomex Honeycomb Market: https://www.stratviewresearch.com/1260/nomex-honeycomb-market.html

• Aluminium Honeycomb Panel Market: https://www.stratviewresearch.com/2519/Aluminium-Honeycomb-Panel-Market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
Stratview Research has been helping companies meet their global and regional growth objectives by offering customized research services. These include market assessment, due diligence, opportunity screening, voice of customer analysis, market entry strategies, and more.

This release was published on openPR.