According to a new market report published by Lucintel, the future of the honeycomb core material market looks attractive with opportunities in the aerospace, defense, and marine, and other industrial applications. The global honeycomb core material market is expected to reach an estimated $640.5 million by 2022 and is forecast to grow at a CAGR of 5.3% from 2017 to 2022. The major growth drivers for this market are excellent mechanical performance of honeycomb core, increasing demand for lightweight materials, and robust growth of the end use industries.
In this market, Nomex® and aluminum, polypropylene, polyurethane, and polycarbonate the major honeycomb product types, in which Nomex® and aluminum have major share. Lucintel forecasts that Nomex is expected to remain the largest product segment and is also expected to witness the highest growth in the forecast period due to its lightweight and very good mechanical properties, and this is why it is used in various aerospace applications.
Within the honeycomb core material market, aerospace is expected to remain the largest end use industry; it is also expected to witness the highest growth during the forecast period, supported by increasing demand for lightweight materials in advanced commercial aircraft models.
North America is expected to remain the largest market by value and volume due to the presence of users who consume large volume of honeycomb especially from aerospace industry. Rest of the World is expected to witness the highest growth over the forecast period because of the growing demand form the end user industries in the region.
Emerging trends, which have a direct impact on the dynamics of the industry, include addition of lightweight rubber membranes in honeycomb cores to reduce noise in aircraft and cost-efficient production of honeycomb core with homogenous skin bonding. Hexcel, The Gill Corporation, Eurocomposites, and Plascore are among the major suppliers of honeycomb core materials.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global honeycomb core material market by product type, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Honeycomb Core Material Market 2017-2022: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global honeycomb core material market by product, end use industry, and region as follows:
By Product Type [Volume (Million Pounds) and $M shipment analysis for 2011 – 2022]:
By End Use Industry [Volume (Million Pounds) and $M shipment analysis for 2011 – 2022]:
By Region [Volume (Million Pounds) and $M shipment analysis for 2011 – 2022]:
• North America
• Asia Pacific
• The Rest of the World
This 124-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or firstname.lastname@example.org. Lucintel offerings include Advanced Materials Reports, Composite Materials Market Report, Capital Investment Analysis, Strategic Growth Consulting and Due Diligence.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the global honeycomb core material market by product (Nomex, aluminum, and others), end use industry (aerospace, defense, marine and, others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?