Honeycomb Core Materials Market Growth, Size, Trends, Revenue, Share, Scope and Future Outlook: SPER Market Research

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Published: Nov 2023	Report ID: CHEM23105	Pages: 1 - 234	Formats^*:
Category : Chemical & Materials

Honeycomb Core Materials Market Introduction and Overview

According to SPER Market Research, the Global Honeycomb Core Materials Market is estimated to reach USD 5.62 billion by 2033 with a CAGR of 8.01%.

The report includes an in-depth analysis of the Global Honeycomb Core Materials Market, including market size and trends, product mix, Applications, and supplier analysis. Honeycomb core material is created by expanding and crumbled composite materials such as glass-reinforced plastic, aluminium, meta-aramid, and paper. Honeycomb cores are created by assembling a large number of hexagon-shaped cells into a honeycomb structure. They have been utilised for several decades to produce composite sandwich constructions because they give stiffness with minimal weight. As a result, honeycomb core materials are used in a variety of industries, including aerospace and defence, construction and infrastructure, automotive, marine, railway, and industrial.

2022: FITS Air is being developed to TRL 6 technology readiness level, with panels of 1.28 m x 1.48 m and ideal mechanical qualities.

2021: Hexcel Corp. (Stamford, Conn.) and Metyx Composites (Istanbul, Turkey) have formed a collaboration to manufacture high-performance carbon fibre pultruded profiles for the wind energy sector utilising polyurethane (PU) resin and unidirectional (UD) carbon fibre.

Market Opportunities and Challenges

Fast-paced infrastructure growth and the automobile industry's expansion have increased iron and steel production in developed and developing nations like the United States, China, and India. This has increased demand for honeycomb core materials, which are used in thermal insulation, floors, window panels, and acoustic ceilings. Furthermore, the modern theme-based architecture and construction industry is expanding, which has increased demand for honeycomb core materials. As a result, manufacturing facilities may see a spike in demand. These elements are anticipated to have a significant impact on the market expansion for honeycomb core materials.

In Addition, as the need for renewable energy sources like wind and solar power grows, honeycomb core materials might help improve the efficiency and performance of related equipment. They can be used to provide lightweight and robust solutions in wind turbine blades, solar panel supports, and energy storage systems. This feature is expected to provide the industry with profitable chances. The main disadvantage of honeycomb core materials is their high cost. As a result, the product is prohibitively expensive, limiting its widespread acceptability across end-use industries. Furthermore, aluminium honeycomb cores are susceptible to stress corrosion cracking in a highly corrosive environment, limiting their applicability in the marine industry.

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Market Competitive Landscape

A huge number of multinational manufacturers dominate the worldwide honeycomb core materials market. The industry participants are concentrating their efforts on generating highly customised products to fulfil the individual demands of the various end-use industries. Furthermore, industry participants are collaborating and forming joint ventures to develop newer, better products. Some of the key players are - fabrinox, Argosy International, Schtz GmbH & Co. KGaA, TCCORE APPLIED HONEYCOMB TECHNOLOGY CO., LTD., The Gill Corporation, Hexcel Corporation, Toray Advanced Composites, Corex Honeycomb, Plascore, Honylite, Showa Aircraft Industry Co., Ltd, Euro-Composites, RelCore Composites Inc.

Scope of the Report:

Report Metric	Details
Market size available for years	2019-2033
Base year considered	2022
Forecast period	2023-2033
Segments covered	By Type, By End Use Industry
Regions covered	North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
Companies Covered	Fabrinox, Argosy International, Schtz GmbH & Co. KGaA, TCCORE APPLIED HONEYCOMB TECHNOLOGY CO., LTD., The Gill Corporation, Hexcel Corporation, Toray Advanced Composites, Corex Honeycomb, Plascore, , Showa Aircraft Industry Co., Ltd,

COVID-19 Impact on Global Honeycomb Core Materials Market

The worldwide market for honeycomb core materials was adversely affected by the COVID-19 epidemic. In addition, the COVID-19 outbreak and the lockdown and supply chain disruption that occurred in the second quarter of 2020 had a negative effect on the building and construction sector, which in turn had hurt the demand for honeycomb core materials. Also, Customer income declines and international travel limitations reduced demand for honeycomb core materials in the automotive, aerospace, commercial, and industrial sectors.

Key Target Audience

Manufacturers and Suppliers
End-User Industries
Research and Development Organizations
Regulatory Authorities
Architects and Designers
Engineering and Manufacturing Companies
Trade Associations and Industry Groups
Consumers
Others

Our in-depth analysis of the Honeycomb Core Materials Market includes the following segments:

By Type:	Aluminium Core Aramid Core Paper Thermoplastic Others
By End Use Industry:	Packaging Aerospace and Defense. Construction and Infrastructure Automotives
By Region:	Asia-Pacific Europe Middle East & Africa North America Latin America

Key Topics Covered in the Report

Global Honeycomb Core Materials Market Size (FY’2023-FY’2033)
Overview of Global Honeycomb Core Materials Market
Segmentation of Global Honeycomb Core Materials Market By Type (Aluminium Core, Aramid Core, Paper, Thermoplastics, Others)
Segmentation of Global Honeycomb Core Materials Market By End Use Industry (Packaging ,Aerospace and Defense, Construction and Infrastructure, Others)
Statistical Snap of Global Honeycomb Core Materials Market
Expansion Analysis of Global Honeycomb Core Materials Market
Problems and Obstacles in Global Honeycomb Core Materials Market
Competitive Landscape in the Global Honeycomb Core Materials Market
Impact of COVID-19 and Demonetization on Global Honeycomb Core Materials Market
Details on Current Investment in Global Honeycomb Core Materials Market
Competitive Analysis of Global Honeycomb Core Materials Market
Prominent Players in the Global Honeycomb Core Materials Market
SWOT Analysis of Global Honeycomb Core Materials Market
Global Honeycomb Core Materials Market Future Outlook and Projections (FY’2023-FY’2033)
Recommendations from Analyst

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source

2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s

2.2. Market size estimation

2.2.1. Top-down and Bottom-up approach

2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis

4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges

4.2. COVID-19 Impacts of the Global Honeycomb Core Materials Market

5. Market variable and outlook

5.1. SWOT Analysis

5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats

5.2. PESTEL Analysis

5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape

5.3. PORTER’s Five Forces

5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry

5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Global Honeycomb Core Materials Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Honeycomb Core Materials Market

7. Global Honeycomb Core Materials Market, By Type (USD Million)

7.1. Global Honeycomb Core Materials Market Value Share and Forecast, By Type, 2023-2033
7.2. Aluminium Core
7.3. Aramid Core
7.4. Paper
7.5. Thermoplastic
7.6. Others

8. Global Honeycomb Core Materials Market, By End Use Industry (USD Million)

8.1. Global Honeycomb Core Materials Market Value Share and Forecast, By End Use Industry, 2023-2033
8.2. Packaging
8.3. Aerospace and Defense.
8.4. Construction and Infrastructure
8.5. Automotives

9. Global Honeycomb Core Materials Market Forecast, 2019-2033 (USD Million)

9.1. Global Honeycomb Core Materials Market Size and Market Share

10. Global Honeycomb Core Materials Market, By Type, 2019-2033 (USD Million)

10.1. Global Honeycomb Core Materials Market Size and Market Share By Type (2019-2026)
10.2. Global Honeycomb Core Materials Market Size and Market Share By Type (2027-2033)

11. Global Honeycomb Core Materials Market, By End Use Industry, 2019-2033 (USD Million)

11.1. Global Honeycomb Core Materials Market Size and Market Share By End Use Industry (2019-2026)
11.2. Global Honeycomb Core Materials Market Size and Market Share By End Use Industry (2027-2033)

12. Global Honeycomb Core Materials Market, By Region, 2019-2033 (USD Million)

12.1. Global Honeycomb Core Materials Market Size and Market Share By Region (2019-2026)
12.2. Global Honeycomb Core Materials Market Size and Market Share By Region (2027-2033)
12.3. Asia-Pacific
12.3.1. Australia
12.3.2. China
12.3.3. India
12.3.4. Japan
12.3.5. South Korea
12.3.6. Rest of Asia-Pacific
12.4. Europe
12.4.1. France
12.4.2. Germany
12.4.3. Italy
12.4.4. Spain
12.4.5. United Kingdom
12.4.6. Rest of Europe
12.5. Middle East and Africa
12.5.1. Kingdom of Saudi Arabia
12.5.2. United Arab Emirates
12.5.3. Rest of Middle East & Africa
12.6. North America
12.6.1. Canada
12.6.2. Mexico
12.6.3. United States
12.7. Latin America
12.7.1. Argentina
12.7.2. Brazil
12.7.3. Rest of Latin America

13. Company Profile

13.1. Fabrinox

13.1.1. Company details
13.1.2. Financial outlook
13.1.3. Product summary
13.1.4. Recent developments

13.2. Argosy International

13.2.1. Company details
13.2.2. Financial outlook
13.2.3. Product summary
13.2.4. Recent developments

13.3. Schtz GmbH & Co. KGaA

13.3.1. Company details
13.3.2. Financial outlook
13.3.3. Product summary
13.3.4. Recent developments

13.4. TCCORE APPLIED HONEYCOMB TECHNOLOGY CO., LTD

13.4.1. Company details
13.4.2. Financial outlook
13.4.3. Product summary
13.4.4. Recent developments

13.5. The Gill Corporation

13.5.1. Company details
13.5.2. Financial outlook
13.5.3. Product summary
13.5.4. Recent developments

13.6. Hexcel Corporation

13.6.1. Company details
13.6.2. Financial outlook
13.6.3. Product summary
13.6.4. Recent developments

13.7. Toray Advanced Composites

13.7.1. Company details
13.7.2. Financial outlook
13.7.3. Product summary
13.7.4. Recent developments

13.8. Corex Honeycomb

13.8.1. Company details
13.8.2. Financial outlook
13.8.3. Product summary
13.8.4. Recent developments

13.9. Plascore

13.9.1. Company details
13.9.2. Financial outlook
13.9.3. Product summary
13.9.4. Recent developments

13.10. Showa Aircraft Industry Co., Ltd

13.10.1. Company details
13.10.2. Financial outlook
13.10.3. Product summary
13.10.4. Recent developments

13.11. Others

14. List of Abbreviations

15. Reference Links

16. Conclusion

17. Research Scope

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

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Frequently Asked Questions About This Report

How big is the Honeycomb Core Materials Market?

Honeycomb Core Materials Market is projected to reach USD 5.62 billion by 2033, growing at a CAGR of 8.01% during the forecast period.

What is the growth rate of the Honeycomb Core Materials Market?

Honeycomb Core Materials Market grew in market size from 2022. The Market is expected to reach USD 5.62 billion by 2033, at a CAGR of 8.01% during the forecast period.

What is the anticipated CAGR of the Honeycomb Core Materials Market?

Honeycomb Core Materials Market CAGR of 8.01% during the forecast period.

How can I get a sample report on the Honeycomb Core Materials Market?

You can get the sample pages by clicking the link - Click Here

What is the market size of the Honeycomb Core Materials Market?

What is the market size of the Honeycomb Core Materials Market? Honeycomb Core Materials Market size is USD 5.62 billion from 2023 to 2033.

Which segment is expected to Honeycomb Core Materials Market?

Honeycomb Core Materials Market Segment is covered By Type, By End Use Industry.

Which region is expected to have the highest market share in the Honeycomb Core Materials Market?

The North America is anticipated to have the highest market share in the Honeycomb Core Materials Market.

Who are the key players in Honeycomb Core Materials Market?

The key players in the market include Companies Covered Fabrinox, Argosy International, Schtz GmbH & Co. KGaA, TCCORE APPLIED HONEYCOMB TECHNOLOGY CO., LTD., The Gill Corporation, Hexcel Corporation, Toray Advanced Composites, Corex Honeycomb, Plascore, , Showa Aircraft Industry Co., Ltd.

What is the conclusion of the Honeycomb Core Materials Market?

Honeycomb core material is created by expanding and crumbled composite materials such as glass-reinforced plastic, aluminium, meta-aramid, and paper.