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Nomex Honeycomb Market by price, industry growth & forecast by 2017 to 2024
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.
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The product is extensively used in composites which are used in manufacturing components such as flooring panels, exterior control surfaces, interior walls, engine nacelles, helicopter blades, storage bins and tail booms owing to its corrosion & heat resistant properties, lighter weight, etc., which makes it desirable in the aerospace & defence industry.
Aerospace industry is booming and is expected to grow at a CAGR of over 4% during the forecast period. Improving lifestyle resulted in increasing air traffic over the past years which is driving the demand for aircrafts across the globe which will subsequently have positive impact on the nomex honeycomb market size by 2024.
Regionally, Global Market Insights, Inc.’s Nomex Honeycomb market research has the most in-depth, country focused estimates and forecasts for decision makers across the globe. An exhaustive list of company profiles for organizations active in the Nomex Honeycomb market supports the regional analysis and information offering a competitive outlook on the industry. For each segment analyzed in this research, whether it is by product, application, material or end-use, a regional overview with historical data and Nomex Honeycomb market forecast is provided to the reader. Such a cross-segmentation research analysis is also unique to reports by Global Market Insights, Inc.
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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.
North America accounted for a major chunk of nomex honeycomb market share in 2016. The growth in this region is attributed to strict OHSE policies concerning the safety of industrial workers.
Furthermore, strong aerospace industry in the U.S. will complement product demand by 2024. 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.
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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.
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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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Global Market Insights, Inc.
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