According to the recent study the honeycomb core material market is projected to reach an estimated $1,170 million by 2030 from $709 million in 2023 at a CAGR of 7% from 2023 to 2030. Growth in this market is primarily driven by increased excellent mechanical performance of honeycomb core, increasing demand for lightweight materials, and robust growth of the end uses. The major drivers for this market are increased excellent mechanical performance of honeycomb core, increasing demand for lightweight materials, and robust growth of the end uses.
Browse 71 figures/charts
and 50 tables in this 126-page report to understand trends, opportunities and
forecast in honeycomb core material market end use (aerospace, defense, marine
and, others), product type (nomex, aluminium, and others), and region (North
America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that
aerospace will remain the largest end use due to increase in aircraft
production and increasing demand for lightweight materials in modern aircraft
to reduce the structural weight and improve fuel economy. Defense is also
expected to witness the highest growth during the forecast period.
Nomex is expected to
remain the largest product segment and it is also expected to witness highest
growth over the forecast period due to its lightweight and very good mechanical
properties, and this is why it is used in various aerospace applications.
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North America is expected
to remain the largest market for honeycomb core material because of growing
aerospace industry in the region with increasing use of lightweight materials.
Europe is expected to witness the highest growth over the forecast period.
Hexcel, The Gill
Corporation, Euro Composites, and Plascore and others are the major
suppliers in the honeycomb core material market.
This unique 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 write us at helpdesk@lucintel.com
About Lucintel
At Lucintel, we offer solutions for
you growth through game changer ideas and robust market &
unmet needs analysis. We are based in
Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20
years. We are quoted in several publications like the Wall Street Journal,
ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1 972.636.5056
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