Global Honeycomb Core Materials Market to be Driven by the Increasing Deployment of Honeycomb Core Materials in the Construction Industry in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Honeycomb Core Materials Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global honeycomb core materials market, assessing the market based on its segments like product, application, end use, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

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The key highlights of the report include:
Market Overview (2016-2026)

  • Historical Market Size (2020): USD 2.69 Billion
  • Forecast CAGR (2021-2026): 22%
  • Forecast Market Size (2026): USD 5.05 Billion

The global honeycomb core materials industry is expected to expand at a rapid rate in the coming years, driven by increased demand for lightweight, high-strength materials across a variety of end-use industries, including aerospace and defense, automotive, and building and construction . Growing product utilization in the manufacturing of ‘honeycomb sandwich structured panels’ is further expected to boost the market growth over the forecast period. The building and construction sector is generating a healthy demand for honeycomb core materials. The product is finding growing acceptance as a backing material to provide a flat, stiff, stable structure metal, glass, stone, and other such decorative surfaces. Furthermore, the product is being used as a component in a variety of applications such as wall cladding, ceilings, and canopies, and other interior materials to reduce the weight of the overall structure. The increasing use of honeycomb core materials owing to their mechanical strength and dimensional accuracy in the aerospace industry is invigorating the market growth.

Explore the full report with the table of contents @ https://bit.ly/3HLWB2p

Industry Definition and Major Segments

The honeycomb core material is a man-made structure that has a honeycomb-like geometry. Honeycomb core materials have a layer of hexagonal hollow cells sandwiched between thin vertical walls composed of cardboard, paper, or metal sheets as a basic structure. It provides for a reduction in the amount of material needed and makes the building lighter. It is also cost effective. The honeycomb core material gives the construction outstanding strength and rigidity. Honeycomb core materials are in high demand in a variety of industries due to its high strength, stiffness, and low weight.

The major products of honeycomb core materials are:

The market can be broadly categorised on the basis of its applications into:

  • Composites
  • Non-Composites
  • Aluminum
  • Thermoplastic
  • Others

Based on the end use, the market is divided into:

  • Aerospace and Defense
  • Automotive
  • Packaging
  • Construction and Infrastructure
  • Others

On the basis of region, the industry is divided into:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Market Trends

Honeycomb core materials are in high demand in a variety of industries due to its high strength, stiffness, and low weight, which is expected to boost the demand for honeycomb core materials. Honeycomb panels are being used in the sector as a result of a growing focus on fuel efficiency, which is expected to boost the honeycomb core materials industry’s growth in the forecast term. Honeycomb core materials are becoming more popular as the demand for ecological and biodegradable packaging materials grows. Honeycombs are a good material for use in protective packaging, pallets, and package filler because of their low cost and high strength. Honeycomb packaging is utilized in a variety of industries, including transportation and furniture, to provide increased product protection while increasing energy efficiency, boosting the honeycomb core materials industry’s growth.

Key Market Players

The major players in the market are Hexcel Corporation, Argosy International Inc., Honicel Nederland BV, Euro-Composites Group, and Schütz GmbH & Co. KGaA, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

Informes de Expertos (https://www.informesdeexpertos.com), the Spanish variant of Expert Market Research, is a platform that offers market research and consultancy services to a broad clientele base across Spanish speaking countries. With our primary focus on the Latin American and Spanish markets, our research experts provide relevant and actionable insights into the markets and track major trends, economic developments, and global trade data.

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* We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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